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Debt Buyers: Why Purchasing Debt for Pennies on the Dollar Matters
 
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There are major differences between debt buyers and debt collectors. Knowing these differences will help you better understand how this affects you, your settlement, and your credit report. First and foremost, a debt buyer is buying your debt, usually for pennies on the dollar, and taking a risk in in that purchase. We'll talk more about that, and why it matters in the collection process. SHARE THIS VIDEO: https://youtu.be/1Td4lvmxkaM WATCH MORE RELATED VIDEOS: https://goo.gl/cp9Spk ∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷ For more tips on how to get out of debt, SUBSCRIBE ➤➤➤ http://bit.ly/1ZPZ8Q2 ∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷∷ ▼FOLLOW ME: LinkedIn - www.linkedin.com/in/debtbytes Google+ - http://plus.google.com/+MichaelBovee Twitter - http://twitter.com/debtbytes Facebook - https://facebook.com/consumerrecoverynetwork/ ▼READ OUR BLOG: http://consumerrecoverynetwork.com ▼FIND YOUR DEBT SOLUTION: http://consumerrecoverynetwork.com/debt-solutions-review/ ▼ASK ME ANY QUESTIONS YOU HAVE: http://consumerrecoverynetwork.com/ask-a-question/ (reader questions for our channel are selected from here) Michael Bovee started CRN in 2004 with a mission to provide people in need with detailed credit and debt help. The DebtBytes Channel is an extension of the CRN blog, and is dedicated to finding the debt relief option or strategy that works best for you.
Views: 9764 Michael Bovee
Make Money Buying Bad Loans: Credit Card Debt
 
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http://acreditcard.info M/C Discover VISA American Express
Views: 1196 BrownWilliam100
Buy Real Estate With Credit Cards
 
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Buying real estate with credit cards sounds crazy, but it's real. I quit my day job at 30 years old as a result of using this process. Schedule funding consultation and we'll be your guide from here: https://100pf.wufoo.com/forms/zuifby80ftfdnn/ About our channel: this channel is dedicated to the purposeful entrepreneur. Each video is produced with the goal of exposing and teaching the concepts that accompany business mastery. Juan Pablo, the creator of this channel is a content machine. As a real estate investor, online entrepreneur, and published author he has dedicated himself to giving back through means of sharing his knowledge and experience. JP believes that creating value and happiness for others is an investment that provides invaluable returns. To reach the 100 Percent Financed team you can email: [email protected] Follow JP on social media: Streaming Service: http://www.100pftv.com/ Website: http://100percentfinanced.com/ Facebook: https://www.facebook.com/100percentfinanced/ Instagram: https://www.instagram.com/100percentfinanced/?hl=en Twitter: https://twitter.com/100PFin Linkedin: https://www.linkedin.com/in/juan-pablo-625970a4
Views: 14294 100 Percent Financed
Debt Buyers: Last Week Tonight with John Oliver (HBO)
 
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Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 12322730 LastWeekTonight
5 Common Tricks Debt Buyers Use to Collect Credit Card Debt
 
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Why the statute of limitations is so important to your credit card debt case. For more info: http://poorpeoplesadvocate.blogspot.com/
Views: 3243 Joel Z. Williams
What happens if I make a large purchase on my credit card? - Credit Card Insider
 
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Today's question is: If I make a large purchase and pay it off immediately, will that large balance be reported for that account? Ask us your credit questions in the comments and find your next card at https://www.creditcardinsider.com/ What happens when you make a large purchase on your credit card and then pay it off immediately? Will that balance be reported to the credit reporting agencies? Will you stil earn rewards? When is my credit card balance reported? Every week, John Ulzheimer answers YOUR credit questions. Email us, give us a call, or ask on live chat, and we may answer your question on YouTube! To learn about credit scores, credit reports, managing debt, and how credit cards work, check out our learn section at https://www.creditcardinsider.com/learn/ If you're looking for a credit card, start your search at https://www.creditcardinsider.com/credit-cards/ Join our community! https://plus.google.com/+Creditcardinsider https://twitter.com/cardinsider https://www.facebook.com/CreditCardInsider https://www.creditcardinsider.com
Views: 5843 Credit Card Insider
How to Pay Off Credit Card Debt | BeatTheBush
 
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Getting rid of credit card debt is more about changing your spending habits than just paying it off. This is because if suddenly you got a bunch of cash to pay it off, most will often just spend the same or even more since they are suddenly out of debt. Let me convince you that getting out of debt is important. Let me give you pointers to remind you how painful and wasteful it is to keep the debt. Simply getting rid of it means MORE money for you, not less. Products in the background of this video: Peas in a Pod Plush: http://amzn.to/1o0O9SX Dinosaur Plush (T-Rex): Vintage, cannot buy anywhere. . Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY
Views: 86560 BeatTheBush
6 Common Causes of Credit Card Debt
 
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Charging purchases on a credit card has steadily been the most preferred payment method of consumers lately. About 1.5 billion credit cards in the country are helping fuel this way of life. According to Statisticbrain.com, there are about 176.8 million consumers who have a credit card in their wallet where the average card ownership per person is 3.5. This goes to show the dependency of the US market in credit card purchases. The expense item is still in the top four debt item in the country. It is in the league of mortgage loans, student loans, and auto loans. In a consumer driven economy, credit cards play a vital role not only in the private lives of its users but the whole economy as well. It increases the purchasing power of the consumer and extends credit for an otherwise impossible purchase. But there are a few people that despise credit cards because of all the financial trouble they are in at the moment. Some of them were not aware of the impact of credit cards in the credit score, how late charges worked and other details that dragged them down in debt and interest payments. Though there are those that are able to live off a credit card but still manage to maintain their finances in check. Common Credit Card Problems It is important to note that any unfavorable details in your credit score might take approximately seven years to repair. This is in stark contrast with how a consumer can do damage on the credit score in a matter of days or weeks. What is easily put on the report will be a very hard and long battle to recover from. In most cases, the problem lies with the user and not the card. The consumer gets in all sorts of predicament because the usage of the card was not properly observed. Here are some of the top reasons why a person could walk right into a debt trap using a credit card. If you need help with credit card debt, National Debt Relief offers a free debt consultation to help with credit card problems. Call 888-866-0778 or visit http://www.nationaldebtrelief.com today.
Views: 5010 Paul Ritz
We're In Debt But We Really Want To Buy A House
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 52948 The Dave Ramsey Show
I Have $70,000 In Credit Card Debt!
 
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I Have $70,000 In Credit Card Debt! Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 37467 The Dave Ramsey Show
Credit Card Debt Explained With a Glass of Water
 
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http://www.totaldebtrelief.net uses a pitcher and a glass of water demonstrate the effects of minimum credit card payments. This video uses a simple analogy to describe how the average American is throwing away their money to the credit card companies. Visit totaldebtrelief.net for more information on credit card debt relief.
Views: 402976 TotalDebtRelief
Make Money Buying Bad Loans: Credit Card Debt
 
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http://acreditcard.info M/C Discover VISA American Express
Views: 121 BrownWilliam100
GOLD & SILVER PURCHASE LEADS TO ANGER - CREDIT CARD DEBT ISSUE
 
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GOLD & SILVER PURCHASE LEADS TO ANGER - CREDIT CARD DEBT ISSUE. I am not responsible for your finances and am not giving anyone direct advice. That being said, I hope these two cenarios which are REAL subscriber challenges, will help others.
Views: 1391 FreedomForceUSA
How to pay off debt with a credit card
 
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Carrying a balance on a high-interest credit card? Consider doing a balance transfer to a new card with a lower rate — possibly even one with 0% for a year or more. A balance transfer is a simple concept: You apply for a new card with a lower interest rate, then move your balance to it from the old card. In effect, you’re using one card to pay off another, but you’re getting a lower interest rate in the process. It buys you time to help chip away at the debt. Paying off debt is hard, but can be done. Stick to a plan and remember to always make on-time payments. To find the best balance transfer and 0% APR credit cards and to see if you qualify, visit: https://nerd.me/balancetransfer This video on balance transfer credit cards will help answer the following: - What is a balance transfer? - How do balance transfer credit cards work? - Important considerations and fees, plus other options for those with lower credit Related videos from NerdWallet Money Talks: How to manage your money How to build a budget: https://www.youtube.com/watch?v=LmekKaCp9W8 How to get out of debt: https://www.youtube.com/watch?v=hDrlSmlgFX8 How to keep you cash; you earned it: https://www.youtube.com/watch?v=TLMgu4b1uSM How to set your future self up for success: https://www.youtube.com/watch?v=ngxcGsFWvjc Credit card basics How to calculate credit card interest: https://www.youtube.com/watch?v=6KWEca6QVoc&t=25s How paying down your cards could help your credit: https://www.youtube.com/watch?v=0iq21P2kMhc&t=1s 3 reasons to use credit cards over debit cards: https://www.youtube.com/watch?v=lQDNLHtYbBw&t=1s Words From Our Nerds: Credit card reviews: https://www.youtube.com/playlist?list=PLhAMTx0LcjnpOxi9d5PTyFpndHziHUSnn
Views: 20035 NerdWallet
Silver and Gold Stacking VS Credit Card Debt!
 
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Get on the path to financial health and wealth! Start making steps in the right direction. Now is a good of a time as any! Make the investments that will have the highest return on your life not just on paper. Start Stacking! Keep Stacking! Keep Cost Averaging! Keep Learning!
Views: 13609 stillkeepin1
Paid $19000 In Credit Card Debt | No Spend Year 2018
 
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We have done a lot of stupid things with money, we had 19000 in credit card debt and bought a time share which we paid off. Now we are working on how to pay off debt on our house and save some money for emergencies. So for 2018 we are going on a no spend year and getting our family budget under control. SUBSCRIBE, LIKE and COMMENT if you like this video and want more! Share it with your friends! Facebook - http://bit.ly/TuckeredOutFB Gordon's Twitter - https://twitter.com/tuckeredoutfmly Jessica's Twitter - https://twitter.com/jessicatucker1 Gordon's Instagram - https://instagram.com/tucker.gordon Jessica's Instagram - https://instagram.com/jessicatucker1 ********************************** Email: [email protected]
Views: 5000 Tuckered Out
Pay off Debt Or Buy Home?
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 35522 The Dave Ramsey Show
How To QUICKLY Get Out Of Credit Card Debt - Using Personal Loans || SugarMamma.TV
 
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Credit Card Debt is the worst debt to be in. Often it is debt that we have used to buy depreciating stuff, like clothes, shoes and lifestyle habits...leaving us with not much to show for. So if you have reached a point where you have had enough with credit card debt holding you back in life and are thinking about using a personal loan to get back on top of your finances again, well I strongly recommend watching this. ALSO, PLEASE FEEL FREE TO FORWARD THIS VIDEO OR PASTE THIS VIDEO FOR ANY FAMILY OR FRIENDS TO WATCH WHO ARE DROWNING IN CREDIT CARD DEBT. xCC SugarMamma.TV is all about educating, inspiring and empowering everyday people to create financial harmony, freedom and independence in your life. Bite sized videos, with quick and easy to understand tips, that you can apply straight away and see the results. SugarMamma.TV is a powerful movement making money and finance more approachable, energetic and enlightening.
Views: 38652 Sugar Mamma
Why Most People Will Never Be Financially Free | Minority Mindset - Jaspreet Singh
 
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Investing 101 FREE ebook: http://theminoritymindset.com/get-richer-sleeping-ebook/ SUBSCRIBE for the latest videos *NEW VIDEOS EVERY WEEK* SC @M2JaspreetSingh http://www.TheMinorityMindset.com Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset What’s up everybody, my name is Jaspreet Singh & welcome to the Minority Mindset. Why Most People Will Never Be Financially Free | Minority Mindset - Jaspreet Singh I was at the mall the other day, and there were two teenage girls in front of me at the cash register waiting to see if they get approved for a store credit card. As the cashier was checking to see if they were approved one of the girls started praying hoping that it will help get the credit card. And when they found out they were approved? The number one reason why most people will never become financially independent, or free, is because most people take on too much debt that they cannot afford. The average American household has $15,572 of credit card debt. Why is that so bad? Because if you buy a new sofa for $3000 on your credit card with 15% APR, and you only make your $60 minimum payment. That $3000 sofa will end up costing you $6641 and it will take you 16 years to pay it off. The majority says you don’t need to worry about debt as long as you can make the payments. But if you’re the minority, it’s nearly impossible to build wealth if you are always playing catch up with your bills. And contrary to what most people think more money isn’t going to solve the problem. That’s just like pulling the top off of a weed while leaving the root. You have to get to the root if you want the weed to stop growing. Fixing too much debt starts with disciple and knowledge. Going back to the original $3000 sofa. If you paid the minimum $60/month, $36 of the $60 is used to pay interest. Meaning 60% of every dollar is you pay is going to the banks’s pocket because you used their money and only 40% is going to pay off the sofa I’m going to tell you a little secret. When banks give you credit cards, they don’t do it to help see you succeed. They do it because you will continue to buy things you can’t afford so you’ll continue to make them rich your whole life. If you really think they were giving you credit out of the kindness of their heart, ask them to give you a lower interest rate. And see what they say. That might be why In 2015, banks spent over 16 billion dollars on lobbying alone, so they can keep promoting debt in a beautiful and magical way. So here is what you should do. Only take a credit card if you can set up an automated payment of the full balance of your credit card. That means every month, you should start with a 0 balance on your credit card, because the money was automatically taken out of your bank. If you can’t afford the full payment or don’t want to, you shouldn’t take a credit card period, buy with cash. You can’t afford otherwise. Now I understand there are some businesses like the real estate development business that run off of debt. But right now I’m talking about personal finances. There are very, very few times where I think taking on debt is okay, because debt is usually just a tool to help us buy things we can’t afford. I get this is hard for most of us to hear because most of us are grown up so accustomed to credit cards and debt. It takes a lot of disciple to live below your means, get made fun of for having beat up stuff, and have delayed gratification. But you’ll sleep a lot better when you have no mortgage, no car payment, and no credit card bills and you can allocate your money to make to make you more money, rather than make a banker richer. http://www.TheMinorityMindset.com This Video: https://youtu.be/8MH5FqmJ784 Channel: https://www.youtube.com/c/MinorityMindset Based in Detroit. #Punjab Jaspreet Singh
Views: 109034 Minority Mindset
Should I Transfer My Credit Card Balance To A 0% Interest Account?
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 70272 The Dave Ramsey Show
Cut credit card interest costs by exceeding minimum payments
 
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Paying just a little more than your credit card's monthly minimum payment makes a big difference. Let's take a look at Tom and Sarah to see just how big. Tom and Sarah both charge super-sleek, razor-thin laptops on the same day for $2,000. (Peter and Mary are both very cool cats.) So each has a beginning balance of $2,000. If you think of debt as a pile of dirt that has to be shoveled away, Tom and Sarah are starting out with equal piles. Both Tom and Sarah's credit cards charge 18% interest -- and require a typical minimum payment of the interest, plus 1% of the total balance. Tom only pays the minimum -- which means he's keeping ahead of interest charges, but not by much. Sarah, though, is a go-getter. She pays an additional $10 each month. It's like having a helper digging alongside her. So Sarah's progress is quicker. How much quicker? By only making minimum payments it will take 131 payments -- almost 11 years -- for Tom to pay off his balance. Tom's interest charges will add up to $2,039 -- more than the computer itself. Sarah, however, will cut her interest payments and time in debt almost in half. She'll be in the clear after six and a half years and pay only $1,213 in interest. By paying just $10 extra each month, Sarah saves $826 in interest charges and is done making payments 4.4 years earlier. So Sarah can chill ... while Tom's still diggin'. Want to see how minimum payments make your pile of debt stick around? Go to CreditCards.com/calculators.
Views: 13054 CreditCards.com
How to PAY OFF Credit Card Debt With NO INTEREST (Balance Transfer Cards)
 
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Learn more about balance transfer cards: https://bit.ly/2OBJxAN Click "show more" for ad disclosure We take a look at how you can transfer your balance to a balance transfer card and pay no interest for a certain period of time while you pay off your debt. Examples of such cards include the Chase Slate or Bankamericard Credit Card. MUSIC: Elektronomia - Limitless Advertiser Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.
Views: 35361 The Credit Shifu
HOW TO PAY OFF CREDIT CARD DEBT FAST | 8 Steps to Reduce Your Debt
 
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How to pay off credit card debt in 8 steps! Credit card debt can feel like an endless, inescapable cycle that feels impossible to get out of, but with a little organization and a lot of commitment, you can get out of credit card debt in no time. I'm sharing the 8 steps (plus some bonus tips!) that I take my clients through to pay off credit card debt and stay out of debt once and for all. ♡DEBT REDUCTION TRAINING: www.wanderwealthy.com/debtfree ♡THE ANTI-BUDGET TRAINING: www.wanderwealthy.com/antibudget ♡JOIN THE WANDER WEALTHY COMMUNITY: www.wanderwealthy.com/FB ♡RELATED VIDEOS: Debt-Reduction Methods: https://www.youtube.com/watch?v=qi7FBJQK1Ks&t=157s An explanation of the anti-budget: https://www.youtube.com/watch?v=Y2UQVvLDEz4&t=202s ♡LISTEN to the Words and Money Podcast: www.tesswicks.com/pod ♡SUBSCRIBE for more: http://www.wanderwealthy.com/YTSubscribe - - - - - - - - - - - - - - Want to chat!? Follow me: ♡INSTAGRAM: https://www.instagram.com/tess_wicks/ ♡TWITTER: https://twitter.com/tess_wicks ♡FACEBOOK: https://facebook.com/wanderwealthy ♡Business email: [email protected] Hey I am Tess Wicks, I’m a financial educator and coach and the founder of Wander Wealthy, a channel and community helping women in their 20s and 30s get inspired and get results for their personal growth, money and travel goals. On this channel I provide educational and lifestyle content around personal development, personal finances, and exploring the freedom of travel. ♡LIKE this video: It really supports my channel MUSIC: Unknown Brain - Inspiration (feat. Aviella) soundcloud.com/NoCopyrightSounds
Ask the Expert: "How Much Credit Card Debt is Too Much?"
 
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Carrying credit card debt is never recommended, but when you make a large purchase or series of purchases it can be inevitable. However, once you have month-to-month balances, how can you determine when you’ve crossed the threshold between having an manageable amount of debt and having so much debt that you need to consolidate or ask for help? Consolidated Credit’s Education Director April Lewis-Parks explains how know when you have too much credit card debt so you can make the right choices to move forward. --------------------------------------------------------------------------------------------- Liked this video? Subscribe here: http://www.youtube.com/subscription_center?add_user=ConsolidatedCreditCS And remember to let us know your thoughts in the comments section below! For more information about Consolidated Credit visit: https://www.consolidatedcredit.org/ Follow us on social media: ★ Facebook: https://www.facebook.com/consolidatedcredit/ ★ Twitter: https://twitter.com/ConsolidatedUS ★ Instagram: https://www.instagram.com/consolidatedcreditus/ ★ Google+: https://plus.google.com/+ConsolidatedCreditCS
Views: 173721 Consolidated Credit
Why we don't use CREDIT CARDS
 
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We're living credit card free, and follow Dave Ramsey's baby steps. We stopped using credit cards years ago. It isn't always easy. A credit score is still the main way businesses determine your financial fitness, which is somewhat absurd. The more you borrow, the less risk you are? Huh?? In this video I share the main reason we live credit card free. What are YOUR thoughts on credit cards and credit scores in general? How We Stopped Living Paycheck to Paycheck https://youtu.be/HFofLtL_Dqo ツ S U B S C R I B E (it's FREE) http://www.youtube.com/subscription_center?add_user=msdiaperd Hey there! I'm Dana. I'm a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area. Follow Me Everywhere @MsDanaRyan Need to Contact Me? MsDanaRyan 2102 Kimberton Rd #79 Kimberton, PA 19442 [email protected] *Please be advised that some of the links above may be affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t - no worries. We’re still buds. xo "Marty Gots a Plan" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 15136 Debt Free Dana ツ
Credit Card Debt Information : Can I Use a Credit Card to Buy Stocks?
 
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You can use a credit card to buy stocks, but it is not advised since interest charges will have to paid on purchased. Avoid trying to build wealth by getting in debt with credit cards, and consider advice from the owner of a debt settlement company in this free video on credit cards. Expert: Peter Repak Contact: www.ClearFinancialCompany.com Bio: Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company. Filmmaker: Christopher Rokosz
Views: 620 ehowfinance
How Credit Card Interest Works: The Math
 
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Have you ever wondered how credit card interest works? How do they determine how much you owe? Your credit card probably lists an annual interest rate, an "APR". This video will explain how to use your APR to figure out exactly how much interest you will owe on your credit card bill. The banks usually use a method called "Average Daily Balance". This video works though an example of the math, so you can get a deep understanding of what goes on behind the scenes. Don't forget to watch How Credit Card Grace Periods work to avoid interest all together: https://youtu.be/TYK5GA4uYwU
What's Wrong With A Credit Card If I Pay It Off Every Month?
 
06:38
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 683673 The Dave Ramsey Show
HOW TO BUY A HOUSE WITH A CREDIT CARD?
 
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HOW TO BUY A HOUSE WITH A CREDIT CARD? I explain in detail in this video how to buy a house with credit card. ORIGINAL VIDEO: https://youtu.be/al6382tzTNk BLOG:http://realestatedoru.com/ https://www.youtube.com/user/realesta... Be sure to optin at my blog to get free real estate contracts https://WWW.REalestatedoru.com
Views: 47085 Realestate Doru
What's wrong with using credit cards if we pay them off?
 
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Dave Ramsey explains why using credit cards is wrong even if you pay them off at the end of the month. Credit cards are not your friend and the rewards are not worth all the debt you've put yourself in. Watch as Dave shares why you need to avoid credit at all costs. Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 322822 The Dave Ramsey Show
HE GOT OUT OF 1.5 MILLION PESOS CREDIT CARD DEBT
 
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HE GOT OUT OF 1.5 MILLION PESOS CREDIT CARD DEBT Sharing a story of a kababayan that I met in one of our sessions here in Qatar. It's such an inspiring story worth telling that I hope more and more kababayans abroad watch. Meet Edgar, he got into a 1.5 Million Credit Card debt by buying things that were way above his budget. He was earning a lot but he spent more than what he earned. Watch how he got out of debt, started saving and used what he had to finally invest! God bless you and see you all tonight for #StockSmartsQatar For Stock Smarts Manila: http://www.bit.ly/stocksmartsmanila Follow me in Facebook: https://www.facebook.com/marvingermo/ If you want to invest in stocks: http://www.marvingermo.com To grab a copy of the books: http://www.marvingermo.com/book-orders For those who were asking about our next events, here are our Stock Smarts Schedules: Manila - September 1,2, 15, 16, & 30 (http://www.bit.ly/stocksmartsmanila) Qatar - July 3 - 8 (https://goo.gl/aissfG) Hong Kong - July 27 (http://www.bit.ly/stocksmartshongkong2018) Iloilo - August 11 - 12 (http://www.bit.ly/stocksmartsiloilo2018) Music from: https://www.bensound.com/
Views: 1916 Marvin Germo
Buying Rental Properties with Credit: Good or Bad? | Morris Invest Live
 
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Buying Rental Properties with Credit: Good or Bad? | Morris Invest Live On this live stream, Clayton and Natali Morris are answering your questions on the topic of credit and financing. You’ll learn about buying rental properties with credit, and how to evaluate financial products. Here are the questions for the topic of credit & financing that we're tackling: How do you get started without using credit? Is there a difference between personal debt (credit cards, car loans) and business debt (to finance rental property)? Is there a proper way to classify debt, like, "good" and "bad" debt? Do I need to get out of debt before I start investing? How do you find capital? Private money presentations: how to build relationships and confidence? Resources Mentioned: Investing in Real Estate Podcast: https://goo.gl/zrdb4V The Power of Self-Directed IRAs – Interview with Scott Maurer: https://goo.gl/rIV26s Tom Krol Wholesaling: The Easiest and Fastest Way to Make Money in Real Estate: https://goo.gl/A0463o CapWest Home Loans: https://goo.gl/gYd53W MB Financial: https://www.mbfinancial.com/ Real Estate Investing Mastery Podcast with Joe McCall: https://goo.gl/wo7DJv How to Calculate ROI on a Rental Property: https://goo.gl/i2QTR0 Using Business Credit Cards to Buy Rental Properties – Interview with Mike Banks: https://goo.gl/znEcQL The Millionaire Real Estate Investor by Gary Keller: https://goo.gl/aBLxij Lima One Capital: https://goo.gl/ZhkH0m Freedom Cheat Sheet: https://goo.gl/TRjeMH You Can Make Money with Low Cost Rental Properties – Interview with Robert Shemin: https://goo.gl/CyHq0C Six Ways to Invest with Your Money Right Now: https://goo.gl/Zatd66 Natali’s website: https://goo.gl/cXlFgC Private Money Series: https://goo.gl/7q2KOJ BOOK A FREE CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/DNIIh0 CHECK OUT OUR OTHER GREAT VIDEO PLAYLISTS LIKE: VIDEOS ABOUT TURNKEY REAL ESTATE INVESTING: https://goo.gl/1bGEhB OR VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://goo.gl/dPfWeY OR VIDEOS ABOUT REAL ESTATE NEWS https://goo.gl/m1b3U8 SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://goo.gl/Polf6I LISTEN TO THE PODCAST: iTunes: https://goo.gl/vM969n FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 37519 Morris Invest
Why Can't I Buy A House While Paying Off Debt?
 
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Why Can't I Buy A House While Paying Off Debt? Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 73994 The Dave Ramsey Show
Is America Drowning in Credit Card Debt? (WalletHub Study)
 
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Recently WalletHub released it's most recent study on credit card debt in America - and it doesn't paint a pretty picture. In this episode, I discuss WalletHub's findings, including how much credit card debt the average American has, what type of debts they use their credit cards for, and ways you can avoid credit card debt and get debt free. Learn more about John and his Financial Coaching Practice by clicking http://DebtFree.Coach Check out online tutorials, forms, templates, and other debt fighting resources by clicking http://Legal.Coach
Views: 2413 John Skiba
DIY Debt Collector Pay your OWN debts for pennies on the dollar
 
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Go online and learn how to be a debt collector... Assume a business name and collect your own debts and pay them off for pennies on the dollar.
Views: 4595 FilteredInc
How does credit card debt work?
 
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How do credit cards work? For every monthly statement, interest is added to your bill and you end up paying more for your purchases every month. If you are only able to pay the minimum amount due, then a bulk of your payment is only paying off the interest and not toward your purchases. If you are struggling with your credit card debt and having difficulty making payments, we can help! Give us a call at 888-960-5769 or visit our website at www.caprocessing.com
US Credit Card Debt Nears Historic High
 
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US credit card debt is almost at the levels it was at before the last financial crisis, are you worried?... Like Credit Shifu on FACEBOOK: http://www.facebook.com/thecreditshifu
Views: 8158 The Credit Shifu
Should I Use 401k Money To Pay Off Debt And Buy A Home?
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 190489 The Dave Ramsey Show
VladStocks: Getting Rid of Credit Card Debt Before You Start Investing (Part 1)
 
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Watch Part 2: https://goo.gl/c74ax6 Follow VladStocks on Instagram - http://www.instagram.com/vladstocks ---------------------------- DJ Vlad gives viewers the run-down on the basics of investments in the first installment of the VladTV Stocks segment. Vlad goes over what it takes to even start investing your money in the stock market and how negative credit and debt will hurt you along the way.  To hear more, including Vlad's advice on making extra money, hit the above clip. Disclaimer: DJ Vlad is not a financial advisor. Posts for entertainment only - don’t rely on for financial, tax or other advice. Get your own financial advisors. Do your own research. Make your own investment decisions.
Views: 150377 djvlad
Avoid Credit Cards and Start saving to Stay Out of Debt  Warren Buffett first advice
 
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Top tips and best financial advice from Warren Buffett to today young people. Avoid credit cards, buy only when you have the money and start saving now are some of the tips together with the importance of integrity and using your full talent to get ahead of the game in your professional and personal life. An amazing speech from one of the greatest financial millionaire leaders of this time.
What is a balance transfer? Is it a good idea? - Credit Card Insider
 
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See our favorite balance transfer cards here: https://www.creditcardinsider.com/editors-best-card-picks/the-best-balance-transfer-credit-cards-2016/ And learn more about balance transfers here: https://www.creditcardinsider.com/learn/balance-transfers/ Today's video is all about balance transfers on credit cards: - What is a balance transfer offer? - Why would I want to transfer a balance? - Is a balance transfer a good idea? Balance transfers with 0% APR periods may sound like a great idea in the short term, but they're only helpful in the long term if you have a solid plan for how you're going to pay off the debt before the 0% period runs out! See what your credit card offers say about your credit: https://www.washingtonpost.com/rweb/biz/how-your-junk-mail-shows-if-youre-rich-or-poor/2015/10/19/64ef00c2a9dc4c874b6d846b617f99a6_story.html http://www.bloomberg.com/news/articles/2015-11-17/why-credit-card-companies-keep-sending-you-mail --- Every Thursday we answer YOUR credit questions. Email us or comment with your questions and we may answer your question on YouTube! To learn about credit scores, credit reports, managing debt, and how credit cards work, check out our learn section at https://www.creditcardinsider.com/learn/ If you're looking for a credit card, start your search at https://www.creditcardinsider.com/credit-cards/ Join our community! https://plus.google.com/+Creditcardinsider https://twitter.com/cardinsider https://www.facebook.com/CreditCardInsider https://www.creditcardinsider.com
Views: 53614 Credit Card Insider
UTANG TIPS: Bakit May M ga Taong Nababaon sa Credit Card Debt?
 
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ORDER MY BOOKS: A. MY IPON DIARY (New!) Per piece: https://shop.chinkeetan.com/product/my-ipon-diary/ Bulk: chinkeetan.com/ipon DIARY OF A PULUBI (Best selling book!) Per piece: http://shop.chinkeetan.com/product/diary-of-a-pulubi/ Bulk: https://chinkeetan-academy.lpages.co/diary-of-a-pulubi-bulk-orders/ ========================= CHINKEE TAN, Your Wealth Coach (Philippines) SHARE THIS VIDEO: https://youtu.be/eA5c1SIZFMQ Know what it's like to live a wealthy and comfortable life. How? A. SUBSCRIBE to my channel: https://www.youtube.com/ChinkPositive B. WATCH MY YOUTUBE PLAYLIST (Updated Every other day!) https://www.youtube.com/playlist?list=PLMjKNhiK3DLAERJ2NmxQgvG6Rb4P0d0BS C. INVITE ME TO SPEAK: http://chinkeetan.com/change-your-financial-life/ or call 09173141231 D. SHOP NOW: - BOOKS: https://chinkeetan.com/product-category/book/ - EBOOK: https://chinkeetan.com/ebooks/ - 1 MONEYKIT + 8 BOOKS https://chinkeetan-academy.lpages.co/moneykit-buy-one-take-one/ -DIARY OF A PULUBI (NEW BOOK): https://chinkeetan-academy.lpages.co/diary-of-a-pulubi/ E. READ MY DAILY BLOGS: https://chinkeetan.com/life-wealth-blog/ F. LET'S CONNECT -Facebook: https://www.facebook.com/chinkeetan -Instagram: https://www.instagram.com/chinkeetan -Viber Community: https://chats.viber.com/chinkeetan ======================= HOW TO ORDER: 1. ONLINE PAYMENT (Credit Card, Debit Card, PayMaya) 2. VIA BDO Name: C-Tech Trading Account #: 7200017113 Write your name and the work "DP." on the Deposit Slip. 3. PALAWAN EXPRESS Receiver: Ferdinand Tan Contact number: 09770867338 ========================= INSTRUCTIONS: Send deposit slip/ proof of payment to [email protected] along with the following details: Name Email Contact Number Product you want to purchase Shipping address
Views: 23815 Chink Positive
How To Get Out Of Credit Card Debt Fast & Change Your Financial Future || SugarMamma.TV
 
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Learn how to pay off your credit card debt as quickly as possible but also stay motivated, focused and inspired never to get into debt again. This strategy is not the traditional (or mathematically fastest) way of paying down debt but it works. I have used this to help so many people around the world get debt free. You can also do The $1,000 Project with me to get debt free even faster.... read about it here... http://sugarmamma.tv/the-1000-project/ What I am wearing: This is about 5 years old but I have just purchased this one: http://rstyle.me/n/cnkur4b9bi7 Bracelet I wear this in every video which you can buy from here http://rstyle.me/n/cnqin8b9bi7 and here http://rstyle.me/n/cnqisvb9bi7 Make Up - UK/Europe: Skin: http://rstyle.me/~9xZdN or http://rstyle.me/~9X3eo Cheeks: http://rstyle.me/~9X3eR Cheeks blended with: http://rstyle.me/~9WoUD OR http://rstyle.me/~9WoUd Lips: http://rstyle.me/~9X3fG Make Up: USA/Canada/International Skin: http://rstyle.me/~9X3e5 or http://rstyle.me/~9X3eo Cheeks: http://rstyle.me/~9X3eR or http://rstyle.me/~9MgcE Cheeks blended with: http://rstyle.me/~9WoUD Lips: http://rstyle.me/~9X3fX Link Love: Instagram: @sugarmamma.tv Facebook: https://www.facebook.com/SugarMamma.TV/ Website: www.SugarMamma.TV SugarMamma.TV is all about educating, inspiring and empowering everyday people to create financial harmony, freedom and independence in your life. Bite sized videos, with quick and easy to understand tips, that you can apply straight away and see the results. SugarMamma.TV is a powerful movement making money and finance more approachable, energetic and enlightening.
Views: 9819 Sugar Mamma
Credit Card Debt Information : Should I Use My Credit Card or Overdraw My Account?
 
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Do not use a credit card to make a purchase that would overdraw on a bank account because overdraws often lead to expensive fees. Avoid using credit cards unless it is an emergency with advice from the owner of a debt settlement company in this free video on credit cards. Expert: Peter Repak Contact: www.ClearFinancialCompany.com Bio: Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company. Filmmaker: Christopher Rokosz
Views: 199 ehowfinance
Ditch the Debt - Credit Cards | This Morning
 
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Martin Lewis shares his top tips for getting rid of debt.
Views: 10323 This Morning
💳 4 Ways to Escape Credit Card Debt ◄ Take control of your finances!
 
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Drowning in debt? Get that monkey off your back and under control with these tips to save you paying more than you need too. Don't let debt weigh you down. Follow these great tips to get control of your finances before Black Friday 2016! ↓↓ See below for the DEAL LINKS FOR TODAY ↓↓ FOR FREEBIES & DEALS, CLICK ► http://www.YouTubeDeals.com How to turn on your alerts to get deals first ► http://bit.ly/1UrqRn0 ► Resource Recommendation #1: http://www.credit.com ► Resource Recommendation #2: http://www.prosper.com GET MORE IN STOCK DEALS: https://goo.gl/Jim54z The Deal Guy brings you more great tips to reduce the Credit Card debt. Credit card debt is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system or loan. Debt accumulates and increases via interest and penalties when the consumer does not pay the company for the money he or she has spent. The results of not paying this debt on time are that the company will charge a late payment penalty (generally in the US from $10 to $40) and report the late payment to credit rating agencies. Being late on a payment is sometimes referred to as being in "default". The late payment penalty itself increases the amount of debt the consumer has. When a consumer has been late on a payment, it is possible that other creditors, even creditors the consumer was not late in paying, may increase the interest rates the consumer is paying. This practice is called universal default. Research shows that people with credit card debt are more likely to forgo needed medical care than others, and the likelihood of forgone medical care increases with the magnitude of credit card debt, and the could end up in financial Jail TWITTER: http://www.twitter.com/mattgranite FACEBOOK: http://www.facebook.com/wtsmattgranite
Views: 5173 The Deal Guy
REALIST NEWS - Credit Card Debt Is Approaching A Trillion Dollars
 
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Subscribe to my other channel The Political Gameshow: https://www.youtube.com/c/thepoliticalgameshow http://www.jmbullion.com (Recommended for Silver and Gold Purchases.) http://www.realistnews.net
Views: 4874 jsnip4
Sisbarro Dealerships Credit Card Debt Payoff Offer - Buy a new car
 
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Visit us online at http://sisbarro.com Purchase a new Buick, GMC, Volkswagen, or Mitsubishi and Sisbarro will pay off your credit cards! Up to $10,000. See dealer for details.
Spooked by the possibility of debt, young adults are sidestepping credit cards
 
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Millennials may be stereotyped as entitled, technology-hungry job-hoppers, but one descriptor they refuse to add to the list is "in debt." Young adults ages 21-37 are saying "no" to credit cards, according to a recent Bankrate study. A mere one-third of millennials say they have a credit card, compared to over half of people ages 30-49 and nearly 70 percent of people over 65. These alarming numbers have Gen Xers and older adults questioning the decisions of the younger generation. The main deterrents for credit card use could stem from millennials watching parents, relatives and friends endure the recession of 2008 or from the immense amounts of student loan debt facing their generation. The title of a recent Fox News article, "50% of millennials would give up their right to vote to get student loans erased," attests to the level of stress they are feeling about student loan debt. So, what's a millennial to do? How will they build credit to buy a house, a car or a boat to get away from their tech-filled lives? Jess Lehmkuhl, 30, a mom of two toddlers in Northern Kentucky, is an avid follower of Dave Ramsey, who proposes that "you don't actually need credit." She and her husband have one credit card that they used to fix up their house when they bought it. They have the intention of closing the card when they pay off the repair costs. "Credit cards just get us in trouble. I love the idea of working hard to save money to purchase something I want or need. There's a sense of accomplishment and it helps us teach our children that we can't always have instant gratification -- while we are learning it at the same time," Lehmkuhl said. "We use cash for everything except our bills. When you physically hand over your money to someone to pay for something, it makes you appreciate money more." A common argument for having a credit card is that it's there in case of emergency, but Lehmkuhl doesn't see it like that and instead relies on her emergency fund of a couple thousand dollars. She'll soon be working on three to six months of expenses in that emergency fund. "While I understand emergencies happen, when you're using credit cards, it's not extra money," Lehmkuhl said. "It's money you don't have." Another concern millennials may face without a credit card is, of course, building credit. Nathaniel Meyersohn wrote in CNN Money that for young adults, credit cards and student loans are typically the first and only things that show up on their credit reports. "If you don't have enough credit history, you might not even have a credit score," Meyersohn wrote. "A strong credit score not only helps you get a loan, it'll secure you better interest rates and save you money in the long run." Courtney Patrick, 22 of Monroe said she uses credit cards often because "credit is what makes or breaks you." The new mom credits her successes to her grandfather, who first helped her manage a credit card at age 18. After a few months under his wing, she was on her own and she said now her credit is "amazing." "By putting something on a card and then paying it off, I am building my credit. I choose to do this because I know I have the cash to pay it off in a timely manner," she said. "I think some people don't use them because they aren't educated enough on them." Patrick has concerns about millennials choosing not to have credit cards. "I just think it's hard to become established. It's hard to get a home loan, car loan, etc. on your own. They are still able to do these things but they will probably have to pay all cash for it," she said. "I don't think it's a bad lifestyle, I just don't have the patience to wait that long for things I want." Jess Akers, 29, of Bethel is a self-proclaimed millennial with "about 10 credit cards and almost excellent credit." She uses credit cards to buy time for large purchases, such as her $6,000 Sleep Number bed, financed with a card at zero interest for 12 months.
How To Improve Your Credit Score Without Debt
 
09:21
How To Improve Your Credit Score Without Debt Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Start telling your money where to go and stop wondering where it went! Sign up for EveryDollar and start your budget today. It’s FREE! https://goo.gl/6T678o Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 279847 The Dave Ramsey Show