How I Paid Off $15,000 Of Debt
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- Опубліковано 20 гру 2017
- Welcome to my MissBeHelpful channel!
In this video I share my plan to pay down 15K in debt by leveraging a personal loan/peer to peer lending!
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Feedback: You break down things very well. Very teachable format. The visuals help a lot too.
Thanks for your great advice and work ethic. You motivated me to start my own channel and I finally started. Thanks again. I watch all your videos
Thanks for sharing valuable information MissBeHelpful!
Thank you for the insight!!
That is true thank you for the information
Its been over a year since I started watching your channel , Very happy I found your channel you help me understand everything I know about Credit , basically thank you very much credit score at 745 now.😄😄😄🤗🤑🤑
I feel this same way about her - what a blessing to have this lovely young and brainy woman on youtube today!
That makes me so happy! Congratulations!!!
Thanks Red! You always have the sweetest comments!
thanks for sharing your knowledge.
You're so welcome! Thank you for watching and commenting!
Thanks so much for showing the math I'm a visual learner so so appreciate your tips..
Thanks for watching and commenting!
As soon as I'm done paying off my credit card debt,I'll tell my story.The average joe and the 16000 cc debt.
Here from the annual conference!!!
What would you recommend I do with a 728 credit score?
That's a lot of debt in a fairly short amount of time! Congrats on that, huge weight off of your back! I think debt like credit cards and student loans are hurting a lot of millennials. I have a video like that talking about paying it down as well. But getting out of that debt hole is very important to start living our lives! Thanks for your stories! :)
Thanks for watching and commenting!
Very true!!!!
Thanks for watching and commenting!
Simple pay your loan amount every week to beat tge Bank interest and close the loan out early. Period!!!! Example: your agreed monthly payment is $345. So pay $86.25 per week.
Cash is king!
The borrower is a slave to the Lender.
Sorry if this is too personal, but you took out a loan for the 15k owed and then paid the loan off/are still paying it off? I'm about to graduate and I'm trying to find the best way to repay student loans. I have multiple from over the years. Is it like condensing all of them into one and paying that back instead? Your videos always have really great information so I really value your opinions!
I would do the math to see how much you would save by consolidating all the loans into one monthly payment rather than making a bunch of payments each month. Set up automatic payments right away - don't wait until graduation. Also, I paid it all off already but this was the strategy I used. Thanks for watching and commenting!
Do you have a link to an application where we can go out on a date?
Dave Ramsey would have lost it if he had heard your strategy 😂😆
Good job though! Paying off a loan can be stressful at times 😊
Dave Ramsey is by far the ultimate authority in paying off debt WITHOUT borrowing. That's going backwards...
Great channel. I wish you also did a Robinhood app investing channel.
Thank you and thanks for the suggestion!
Is there any places that offer loans on low credit scores?
Crystal Vargas Yes but they give VERY high interest rates, so it’s better to work on the score first then apply later
*Never take a payday or any type of that loan. The interest is ridiculous. The best thing to do is sell your stuff, cut back on life, and live basic until you can get yourself together. Also, NEVER give others the ability to have access to your bank account... no no no...
But I liked this video because you gave the pros and cons.
I learned the hard way, Not to get payday loans. They're nothing but LEGALIZED Loan Sharks
6:48 overdraft* lol
Yes! over* LOL
How can I get a peer to peer loan without having a hard inquiry on my credit report?
Mycreditgroup offers a lot of stuff. Credit repair, clearing my student loans, lowering my credit cards and helped me get a new house. Haxedge Credit Repair *Haxedge@gmail com* is an excellent company. They are really well organized, the customer service is top notch, and the results they got for me in just a few days have been spectacular. Credit repair works! It's been a wonderful experience. I recommend them without any reservations!
I like how you broke this down
Thanks for watching and commenting!
MissBeHelpful you’re welcome. Wish you the best
But why didn’t you do the 0% balance transfer credit card ?
Because there’s a 4% fee!
Good vid but $15,000 divided by 24 months is $625 a month at zero interest so... either massive payments were made or it took longer than the "12 to 24 months" stated.
My interest was 7% and I paid twice a month which added up to about 700 each month. Aggressive. Worth it. Thanks for watching and commenting!
Just a heads up- your Instagram link isn't working!
AH Thank you!!! Fixed it! :D
wooo, good job :)
Sovann T Thanks!
So, when they call your job and ask if you work there or not, do they pester the boss with details on how many hours you work or how much money you actually make? My boss would just hang up on them....
Nope they simply say your name and ask if that person works there and after they get the answer the call is over! Thanks for watching and commenting!
I was wondering if you can do a video on tips for buying a car? what do you think are the best options?
Amen Versace take a guy with you and haggle the price don't buy the extended warranty
She uses public transportation I believe so I doubt she know much
Research before you go. Find out what kind of car you want then go on Kelly Blue Book to find out the value of the car. This way you will know if the dealer or owner is giving you a fair price. Shop around at different places. If you go to a small car lot or a private owner, pay to get the dealer to inspect the car like they would a car they certify on their lot (I paid ~$200 and it gave me peace of mind because they told me it was in great condition). The extra cost is definitely worth it.
Are you buying a new or used car? When I was looking to buy my first car I went to a lot of used car lots. I decided not to buy a used car because they were too expensive per month and I did not know if it was reliable. I ended up leasing a new car with a cheaper payment than the used cars that were the same make and model. Do not lease if you're going to go over the miles. It's much easier to buy a new car than a used car but you can get a nice preowned vehicle without getting jerked around. Make sure you check the vin number for accidents or floods.
Amen Versace no down payments! Used will get you a lower payment depending on your credit expect higher mileage. If you buy new, be prepared to discuss estimates. (Money). Check out the APR and interest rates plus Price. Stretch out your loan based on what you can afford. Before driving off any lot, know which car ins you want. Don't let all and everyone run your credit. Car Ins will run them. Don't even get quotes from everyone just one or two. Oh yeah take a male relative with you. 😘 you'll thank me later. Oh yeah avoid buy here, pay here's. I financed at the dealership, but however I wouldn't. Try your bank/cu first to get a lower rate(pay).
Why not get a loan at the credit union.
Niña! You need to write a book.
YASS I love that idea!
Did you do TFA?
Stephanie Ortiz-Minami Yes I did!
If you borrowed money at 21.63% to pay off a student loan, while sitting there with 29% interest on credit card debt, I’m not sure you should be giving financial advice on the internet.
or she can learn from her mistakes and try to prevent others from following in her footsteps?
@@RhysDaRyda would that she had reported this as a mistake rather than something to be imitated.
Congrats. Most people can't pay 15,000 that quickly. You were smart to go for the lower interest rate. You ended up paying much less by doing that.
Yeah! Thank you! It's not always easy to do because you have to sit down and do the math and then commit to all the changes but for me it was so worth it!
So beautiful wow
JESUS YOU ARE FINE
Yes I am, thanks.
Oh man, your channel is like "credit cards are good... but I got into $15K of debt..."
Good on you for paying it all off but surely it's easier to deliberately adjust your lifestyle to your income at any given time, instead of adjusting the amount of money you owe to keep up with a lifestyle you cant afford.
Oh I can beat that. I paid a $23,000 debt in less than 2 minutes. I received the bill, I logon to the website, I select ‘make a payment’ I select statement balance, I enter my checking account info. Then boom, I was done. A few minutes later I received an email saying ‘thank you for your payment.
I love what you do, so lease don't take this the wrong way: your eyebrows?
LOL I won't take it the wrong way because i don't understand... what do you mean about my eyebrows?
Hi. They look, to me, very unnatural, and contrast with your natural, wholesome, earthy beauty.
...Maybe they are too long?
Are you kidding? I can't believe she answered your dumb ass
She’s gorgeous what are talking about!?
I’m not trying to be harsh on you, but talking 10 minutes to people about how to take on more debt (at the beginning of video) is kind of unnecessary because they are already in debt.
I cannot stand the way she talks.
That’s rude af. Would you say that to her face or anyone’s in RL?
So then don’t listen to her! Her accent is from Up North, you’re probably in the country somewhere. The information was good, take it and run with it and don’t be so rude.
This is the Latino/Chicano accent, its typical of the south west and immigrants from Puerto Rico, Dominican Republic, Cuba......There isn’t ignorance or anything wrong with her accent. What an ignorant statement, and I’m Hispanic and have the same accent.