I own my home. Have no car payments, and I have 5000 in CC debt due to a surgery between insurances. My property taxes are 1000s a year, though. Fixing to sell and get away from acres of land and find somewhere to retire by the age of 50. I am 42 now. We've been fortunate, but I refuse to rack up debt to keep up with the Jones.
@nostalgiaman6816 it's in the middle of a neighborhood now. We are the only people with a huge patch of woods. Black Rock just bought the trailer park behind our woods, and I don't care for my neighbors. I live near the airport in Asheville NC. I hate it here. Been here 30 years, and the rich retirees ran all the locals out. My husbands family was born and raised in this house since the 50s. The taxes alone are getting outrageous.
@@Itsmeagain828get a LLC for the land and put it in a trust. If black rock wants to buy it, you’ll have millions. ( PS. Don’t the sentence with fixing, just say I’m about to instead of fixing). 😊
You're an angel thank you. I had really good credit and went through a nasty divorce and had to max out every card on lawyers and my credit is shot now. Desperately trying to get it back up so that I can get a house. Thank you so much for this!
Appreciate the 411, knowing it definitely helps during a rough patch. The hardest part is to stay on track while declining more often to help others also having a hard time.
People also need to exercise impulse control, because I’ve seen more than once where they get the personal loan, but then continue to use all the credit cards again, just to be in a worse spot 🤦🏻♀️
I remember the day I was walking through my neighborhood looking at expensive new cars, boats, etc. thinking "how do these people afford all this stuff?" Answer - they can't. They can make the payment, today. Tomorrow, who knows.
That's great, the only issue I see with this is if the DTI is too high and they're in enough debt to wear the bank doesn't want to take the risk. If they can get approved though this is a great way to take care of it.
I guess it just depends on how much cc debt a person has. I would get a 21 month 0% balance transfer card. Lower my monthly expenses, get a side hustle on top of my 9a-5p, then pay back the debt on the balance transfer card w/i 21 months. *Now ofc I couldn't do this on 40k+ of cc debt.*
PLEASE PLEASE PLEASE only do this if you are truly ready to be debt free. dont do this if you are going to just rack up those credit cards again. This is a form of debt consolidation. If you do this. The only action should be to cut up the credit cards and shut the accounts down. So the only way you are paying with stuff is with your debit card or cash and are only paying off the personal loan.
Can you do one on lending? What if someone wanted to diversify their investments and help in their community by offering loans to those in need who don't want charity. Is it legally complicated?
Those Kardashians have their mom to help them get deals and they've had to do some unpleasant things to earn their money, which I won't mention here cuz I'll probably get banned. Their lives are all smoke and mirrors. Trying to keep up with the Kardashians is a losing game.
Or move your debt around to interest free credit card 12-24 month roll over deals until you pay it off altogether. Then you never, ever get another credit card!
Idk, im pretty decent with money, as in i know i cant afford crazy stuff and i dont even attempt to purchase with a credit card but i feel more pressure from corporate greed. How do we escape criminal/billionaires causing their deliberate genocide by poverty? Now they take rights away hoping birth rates rise so they get more "workers"
Thats a fact now i am 7k in debt and i already block my cards and now i am paying them because i want to open a new bussiness i had 740 credit it went down to 680 because i was iresponsable
Or do a balance transfer to another credit card with 0% interest rate for the next 12-18 months. And pay it aggressively and if you are not finished paying it in that time then get the personal loan. Just my 2¢🤷🏾♂️
😂😂People that are undisciplined will take that lower interest loan and go on another unnecessary vacation or buying spree. Then they'll complain that cost of living is high. Whine and dine in the restaurant called Entitlement.
This only works if you change the underlying behavior. Otherwise you’ll just rack them up again.
Very true
Correct, I did that about three time. The last time I really learned my lesson and just stopped.
The only way to change your behavior is to stop being dumb and introspect but very few impulse buyers will do that
Amen, gotta learn
I own my home. Have no car payments, and I have 5000 in CC debt due to a surgery between insurances. My property taxes are 1000s a year, though. Fixing to sell and get away from acres of land and find somewhere to retire by the age of 50. I am 42 now. We've been fortunate, but I refuse to rack up debt to keep up with the Jones.
Why would you want to sell your acres of land. Can’t get privacy now. Keep it. You don’t want to live in a neighborhood.
@nostalgiaman6816 it's in the middle of a neighborhood now. We are the only people with a huge patch of woods. Black Rock just bought the trailer park behind our woods, and I don't care for my neighbors. I live near the airport in Asheville NC. I hate it here. Been here 30 years, and the rich retirees ran all the locals out. My husbands family was born and raised in this house since the 50s. The taxes alone are getting outrageous.
@@Itsmeagain828get a LLC for the land and put it in a trust. If black rock wants to buy it, you’ll have millions. ( PS. Don’t the sentence with fixing, just say I’m about to instead of fixing). 😊
You're an angel thank you. I had really good credit and went through a nasty divorce and had to max out every card on lawyers and my credit is shot now. Desperately trying to get it back up so that I can get a house. Thank you so much for this!
Appreciate the 411, knowing it definitely helps during a rough patch. The hardest part is to stay on track while declining more often to help others also having a hard time.
People also need to exercise impulse control, because I’ve seen more than once where they get the personal loan, but then continue to use all the credit cards again, just to be in a worse spot 🤦🏻♀️
My credit is too low for a personal loan
Problem is that the cycle continues. They just take out more cc debt and then another loan and it continues until bk. Route cause is the spending
The only thing this does is create a cycle. People will keep on spending because the original issue is still there
I remember the day I was walking through my neighborhood looking at expensive new cars, boats, etc. thinking "how do these people afford all this stuff?" Answer - they can't. They can make the payment, today. Tomorrow, who knows.
That's great, the only issue I see with this is if the DTI is too high and they're in enough debt to wear the bank doesn't want to take the risk.
If they can get approved though this is a great way to take care of it.
I guess it just depends on how much cc debt a person has. I would get a 21 month 0% balance transfer card. Lower my monthly expenses, get a side hustle on top of my 9a-5p, then pay back the debt on the balance transfer card w/i 21 months. *Now ofc I couldn't do this on 40k+ of cc debt.*
But… they need to stop using credit cards after paying off the debt,
Well they can still use it just be more responsible, don’t spend money you don’t have and pay it off early
So many cards in my Pocket, I'd looking like Gambit
Isn't it better to get a loan from a credit union than a bank?
Thank you for this message
PLEASE PLEASE PLEASE only do this if you are truly ready to be debt free. dont do this if you are going to just rack up those credit cards again.
This is a form of debt consolidation. If you do this. The only action should be to cut up the credit cards and shut the accounts down. So the only way you are paying with stuff is with your debit card or cash and are only paying off the personal loan.
Can you do one on lending? What if someone wanted to diversify their investments and help in their community by offering loans to those in need who don't want charity. Is it legally complicated?
"We dont have Kardashian money"
Wait i thought you did.... aren't you our "rich bff"
Kardashian are like million and billions of dollars maybe she just makes over $100k I think that still qualifies as wealthy
I actually just did this last week.
Accepting those cases where you get approved for a loan with a ridiculously higher interest rate
Except**
@@BlackDub21 sometimes I hate autocorrect. Especially when it looks good before I post and then it changes to the wrong thing at the last second.
Credit cards used to be 0, 10, and 18%. 30% is excessive.
Please talk about consolidating credit card debt.
Awesome thank you bff billionaire
Even better option if you own a home is called a cash out refi
$8,500 card minimum payment $250 will take 8 years to pay off and will have paid $40k 😭 help me
No one will offer a personal loan with huge credit card debt! So there is no winning here
Don’t use your charge cards again, too!
if the credit score is before what is required for a personalb loan, are there other alternatives?
But if you can't get a loan you're screwed
Those Kardashians have their mom to help them get deals and they've had to do some unpleasant things to earn their money, which I won't mention here cuz I'll probably get banned. Their lives are all smoke and mirrors. Trying to keep up with the Kardashians is a losing game.
What is your opinion on credit counseling services ?
Or move your debt around to interest free credit card 12-24 month roll over deals until you pay it off altogether. Then you never, ever get another credit card!
❤❤❤ Thanks God I don't Have At all 😅😅
Your thoughts on Velocity Banking.
Idk, im pretty decent with money, as in i know i cant afford crazy stuff and i dont even attempt to purchase with a credit card but i feel more pressure from corporate greed. How do we escape criminal/billionaires causing their deliberate genocide by poverty? Now they take rights away hoping birth rates rise so they get more "workers"
Thank you
Use cash for purchases.Keep a budget. Pay yourself by saving in a high yield saving account for your future.
STOP BUYING CRAP!
Lmao I have epilepsy so ngl I one day I wont have to wake up with debt. Cuz i wont wake at all! SUDEP all the way!!!
Thanks too student loans can’t get no personal loan so what else you got ?
Can we get a consultation with you?
Why not another credit card with 0 APR?
Thats a fact now i am 7k in debt and i already block my cards and now i am paying them because i want to open a new bussiness i had 740 credit it went down to 680 because i was iresponsable
Why not lists all ur loans in credit cards loan you can’t rely on that personal loan in the bank.
Magically? Not everyone is broke. I'm broke, but I also don't have any debt
Is anyone ells having trouble accessing the link?
❤❤❤❤
Preach
Instead of telling people to get credit cards, tell people to stay out of Debt. Chop up those credit cards.
Only if you have the discipline to not run the cards back up again.
I’m really appreciate it that fyi Vivian Tu
Or do a balance transfer to another credit card with 0% interest rate for the next 12-18 months. And pay it aggressively and if you are not finished paying it in that time then get the personal loan.
Just my 2¢🤷🏾♂️
😂😂People that are undisciplined will take that lower interest loan and go on another unnecessary vacation or buying spree. Then they'll complain that cost of living is high. Whine and dine in the restaurant called Entitlement.
Mrs Tu, what AF stand for?
(I’m very old)☹️
I’m guessing “as f*ck”
Kardashian don’t have Kardashian money
Or.... return all the garbage you irreponsability bought on credit card. 😊
Your hair is the most problem ❤
Wrong. Get another job(s) and increase your income. Sell everything unnecessary in your possessions. Stop eating out.
You have Kardashian money - stop it
? We don’t know that