Refinance your credit card debt with a personal loan? | FinTips

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  • เผยแพร่เมื่อ 4 พ.ย. 2019
  • Today we're helping you take control of your personal finances and debt with a consideration to refinance your high-interest credit card debt with a personal loan. We'll talk about services like Upstart and Fiona that can help you get your dough straight.
    We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money.
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ความคิดเห็น • 28

  • @rawstarfan
    @rawstarfan 4 ปีที่แล้ว +12

    This was my year to get out of a 8k credit card debt and I was going to pay it off without using a loan. Sadly, my mother cosigned for a life time best friend of hers for a total of 12k and her friend vanished off the face of the earth shortly after receiving the money. Leaving me to help her pay for it. I wanted to say thanks because your videos have given me clarity.

  • @kyleyakich3800
    @kyleyakich3800 4 ปีที่แล้ว +18

    You are SO much better than Dave Raspberry.
    I hate hearing the "cut out Starbucks" deal. Obviously they are over privileged. Great info!

  • @christophermoore8937
    @christophermoore8937 4 ปีที่แล้ว +26

    My wife and I just did this a month ago on $40k in credit card debt. We will save 13% in interest and plan to pay off the loan in less than a year vs. the 3-year term on the loan. Put the credit cards in a lockbox in January of this year. Common sense approach!

    • @mattramirez9140
      @mattramirez9140 4 ปีที่แล้ว +1

      Christopher Moore who did you guys go through?

    • @christophermoore8937
      @christophermoore8937 4 ปีที่แล้ว +3

      Matthew Ramirez Lending Club. Our credit cards averaged 24% interest rate and the loan we received was for 11%.

    • @andrewtrejo5237
      @andrewtrejo5237 4 ปีที่แล้ว

      Congrats!!

  • @EnriqueGarcia-hu9ou
    @EnriqueGarcia-hu9ou 4 ปีที่แล้ว +24

    And then pay off the personal loan with a credit card to get those points😂

  • @jenerd.purijr6544
    @jenerd.purijr6544 4 ปีที่แล้ว +7

    Great! perfect timing with this video. I'm more than likely to get an approval to refinance tomorrow. I like it!!

  • @amethyst81
    @amethyst81 หลายเดือนก่อน

    Thank you for this!! I’m not a mathematician. lol But, you just helped confirm for me and bring it altogether. Perfectly said. 👌🏻👌🏻

  • @Ghettovisionary
    @Ghettovisionary ปีที่แล้ว +1

    I love your videos I can always trust your videos to give me great advice when I dont have anyone financially savvy to talk to. Thank you!

  • @dabd8175
    @dabd8175 4 ปีที่แล้ว +2

    Love the videos Dustin ty!

  • @byst017
    @byst017 2 ปีที่แล้ว +2

    Found this just in time. Thank you for this!

    • @Jazzwealth
      @Jazzwealth  2 ปีที่แล้ว

      Thanks for checking it out!

  • @ygbodybuilder3023
    @ygbodybuilder3023 4 ปีที่แล้ว +1

    So I should take out a personal loan to pay irs and than with the refund I get the following year used that to pay the loan

  • @gilloera8912
    @gilloera8912 ปีที่แล้ว +1

    Thanks for the info

  • @jquality584
    @jquality584 27 วันที่ผ่านมา

    What brand is that black board?🤯

  • @2-stepverified629
    @2-stepverified629 2 ปีที่แล้ว +1

    Any advice on refinancing a personal loan? I have a 720+ credit score.

  • @TedAlexandro
    @TedAlexandro ปีที่แล้ว +2

    Thanks for the info. I’d suggest using a different analogy than big companies. That is obviously problematic and apples to oranges. Why start out with an analogy that distracts from your message?

  • @angelmanza7055
    @angelmanza7055 4 หลายเดือนก่อน +4

    Nobody noticed guy has 4 fingers on one hand? 😅 Nonetheless, solid info! Ty for this video.

  • @sellthedip
    @sellthedip 4 ปีที่แล้ว +9

    The problem is most people will clear there debt move it to another and max there credit cards again.... you have to figure out if you're in too deep. and file for bankruptcy

    • @reggiesaidit513
      @reggiesaidit513 ปีที่แล้ว +4

      And that’s there choice . It doesn’t mean refinancing the credit card debt wasn’t a bad idea

  • @lodwill5116
    @lodwill5116 ปีที่แล้ว +1

    But then it breaks the credit card company’s. Lol😮. I cut my interest in half. From credit union. Even if a freind has a credit union. You can join off them. . Now I got my car refinanced. With them. My other card. I now have better credit. I can do. Transfer to another card. But font rack up card again like most do. Lol 😮

  • @DJ-ix7gf
    @DJ-ix7gf 4 ปีที่แล้ว +10

    Don’t buy it if you can’t afford it.
    💥 mindblown.

    • @locoloboification
      @locoloboification 3 ปีที่แล้ว +6

      I've used creditcards mostly for emergencies with my car, medical bills, vet bills, tools and supplies for work... I need all that stuff, no? This is why these credit systems exist. Don't be rude.

  • @EuroBBos
    @EuroBBos 2 ปีที่แล้ว +3

    DISCOVER personal loan 5.99%

    • @Jazzwealth
      @Jazzwealth  2 ปีที่แล้ว

      Nice! They have been very competitive the last 2 years

    • @bronxbully6261
      @bronxbully6261 ปีที่แล้ว

      For what they told me 16 percent