debtconsolidation

Debt can quickly and quietly pile up. If you're burdened by credit cards, personal loans, or a big ticket item you bought on a payment plan, consider debt consolidation. We'll explain how and why consolidating debt into just one can: reduce stress, raise your credit score, and get you on track to becoming debt-free. 

The pandemic and the lockdowns that followed have forced the hand of us all in some way. For some individuals and some businesses of all sizes, it’s meant financial troubles and even bankruptcy. Because people tend to be scared of what they don’t understand, and to ease some of the pressure we’re all facing in these changing times, Richard Goldhar is here to take the mystery out of bankruptcy, and to explore some other solutions.

Richard Goldhar is a Licensed Insolvency Trustee with Goldhar and Associates. Reach out to Richard or one of the professionals on his team.

www.shedthedebt.ca

https://www.shedthedebt.ca/goldhar-blog/

1-855-541-5114

pdrt@goldhar.ca

Raymond Aaron has shared his vision and wisdom on radio and television programs for over 40 years. He is the author of over 100 books, including Branding Small Business For Dummies, Double Your Income Doing What You Love, Canadian best-seller Chicken Soup for the Canadian Soul, and he co-authored the New York Times best-seller Chicken Soup for the Parent’s Soul.

www.Aaron.com

Podcast Notes

• If you have more than $10,000 in debt, loan consolidation can be a great option.
• It is a personal loan that is used to pay off all of your balances. Instead of managing 5-6 different debts at high interest rates, you can focus on the single loan. It makes for more seamless debt management and more stable interest rates. 
• One of the most important steps is to address the underlying reasons for the debt. Reflect and be honest with yourself.
• Are you living above your means? Was there a big expense you had to take care of? It is a mix of everything? Life happens, give yourself grace, but don’t ignore the reality.
• Since the personal loan will open all your other lines of credit, not using those cards, or digging yourself deeper into the hole, is vital.  
• Loan consolidation is a tool and you have to put in the work to use it wisely. 
• Take the time to look at all of the different options and really understand the lending contract before signing.
• A higher credit score will give you more availability when choosing a loan. 
• If you continue to make payments and live within your means while paying off the loan, your credit score will likely jump. This is because when the credit lines are open, overall utilization is lowered, which helps increase your credit score. 
• More options will become available as your credit score goes up. Debt payoff can take many years, and more progress opens up more options. 
• If you apply for a loan and the interest rate is higher than what you’re already paying, loan consolidation might not be the best fit.  
• Be realistic about what monthly payment is going to work for you. 
• Be sure to save money while working on the debt. It is impossible to break out of the debt cycle if you are not saving at the same time. 
• Money is emotional, there is often shame attached to debt. Have compassion for yourself, the past is in the past. Feel empowered by your mistakes because they give you the opportunity to make a change. 
• If you need more help with navigating your debt options, check out the new Trainer on Demand program!  
• If you are looking to consolidate debt, check out the B.F.F. Approved Personal Loan Page.  

Meet The Trainer

Meet Kadri, Level 3 Certified Financial Trainer 

Meet Mike, Level 2 Certified Financial Trainer and Head of Trainer on Demand 

On this episode of Millennial Debt Domination, Katie discusses different methods you can use to pay off your debt.

Are you ready to start paying off your debt? Paying off debt can seem daunting to some, but with the right debt payoff strategy you’ll be able to become debt free. This episode will break down many different debt payoff methods as well as different strategies you can use to help simplify your debt payoff. Katie is joined by returning podcast guest Kim Cole. Kim is Navicore Solutions’ Community Engagement Manager and an expert on all things debt pay off. Kim and Katie discuss the debt snowball and avalanche payoff methods, debt consolidation, credit counseling, automatic payments, and much more.

Follow Navicore on Social Media:

• Twitter: @NavicorePR
• Instagram: @navicoresolutions
• Facebook: NavicoreSolutionsPR

More questions for Katie? E-mail us: olm@navicoresolutions.org

About Navicore Solutions: We are a national nonprofit provider of financial education and compassionate personal finance counseling. We can help you gain control of your finances. A debt free future is possible. Learn more about us here: http://navicoresolutions.org/

NFCC

Episode 6: Managing Financial Anxiety

How to Cope with Financial Anxiety

Do you have debt that doesn't seem to be going down? Do you have a debt repayment plan? This episode will give you a few options around how to tackle your debt and make a plan to get it under control and paid off.

Money Savvy Parents podcast has been designed to give you some ideas about how to become more financially savvy in order to display great money habits to your future generations. As I know how busy parenting can be this will be delivered in short weekly shows.

If you are looking for straight talking, quick information without all the jargon then this is the podcast for you.

Home Equity and how it relates to 

• Debt Consolidation - Leveraging your debt for greater Equity
• Equity Gift for down payment and closing costs for First Time Home Buyers
• Using Equity for a Line of Credit
• How Rates and Terms influence your financial wealth.

Rewind and listen to the golden nuggets of information

Guest Joshua Kittel, Senior Loan Advisor

CrossCountry Mortgage  541-284-8032 NMLS #227887 Joshua.Kittel@myccmortgage.com

www.JoshuaKittel.com  An equal opportunity lender. Information provided was an opinion and should not be taken as a commitment to lend, preapproval or legal advice.

** As of October, 2023, The Joshua Kittel Team qualifies to offer Buyers the Oregon Flex Lending Program: Making the Dream of Homeownership a Reality

Don't miss out on other helpful tips for homeownership.  

Audio Player of all episodes: click here

Categories:

• Home Improvement  Maximize investment, Smart to-do's
• Buying To Invest  The process, What to look for, First time buyer
• Selling Property  Home or Land, Senior adults downsizing
• Homeowners Best Moves  Bonus episodes, About show - Trailers

FOLLOW anywhere you find your favorite Podcast - Search for Homeowner's Best Moves

Your Host, Judy Casad Real Estate   |  ABR, SRES, Top Producer, Certified Negotiator

Affiliated with Windermere Real Estate, Lane County

Licensed to help you Buy or Sell in the State of Oregon - Call Judy to start planning your next move! - 541-968-2400

Contact Judy to be a guest on the show to share your expertise, or your success story.

judy@windermere.com - www.judycasad.com

Created for Property Owners - to maximize your investment - even if you do not plan to sell.  Selling your home tips. Buyers learn many aspects of home ownership and the buying process.  Senior adults learn about downsizing and financial support. Guests offer sound advice, tips and experience.

Formerly Your Best MOVE Ever podcast 2016 - 2023