Jade Warshaw Claps Back at Her Haters
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- Опубліковано 15 лис 2023
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The more I listen to Jade and the Ramsey Solutions team, the more determined I am to be debt free!
Yay!! Keep going. I’m debt free and it’s wonderful!!
God bless you in Jesus name, you will be prosperous and for you to succeed in your endeavors 😊 💪💪🙏🙏🙏
Jade honestly is one of the best DR personalities; she is so relatable and has recently struggled to get herself where she is today.
nah
Both my brother (62) and my daughter (34) have zero credit scores. Both have lived cash all the way. No problems for either! Both living very very well!
My dad same thing...you are right!
Indeed, God bless
Respect to them! 😊
I totally agree with Jade about creditors moving the goal post.
I had a 850 credit score until I paid my mortgage off six years ago. I stay between 829 and 832.
Recently attempted to get pre-approved for a mortgage and when the bank sent me the report. It mentioned the lack of installment loans since my vehicle was also paid off. I pay my credit card bill in full as soon as it appears and they said I had very little revolving debt.
My car was paid off three years ago. So not having installment loans all the time is problematic.
It seems that no matter how you try to follow the “credit game,” they really want you in debt. That’s how they make money having you chase credit rather than focused on having enough saved to bypass financing.
Now that’s just sad and so wrong! Well done by the way! 👏🏽
Thanks
Absolutely what they are doing ..thats why Daves approach is key and amazing to understand, FREEDOM
I got my ($330k) mortgage without a mortgage AT ALL on my credit report, 4 years after my $20k car was paid off. I call BS on you not being able to get a mortgage.
@@Undefined14 I call BS on your ability to read and comprehend.
I did not say I was unable to get a mortgage.
My message was to those who keep chasing credit scores the goal posts changes.
As an immigrant. I approve Jades video. I was renting, driving, had insurance without credit. I got approved for a house without credit, THE ONLY THING I was no able to do was apply for credit, all my purchases had to be cash. Once I got all my documents and my SS# set up, first advice I got was built your credit, apply for credit cards to buildit, to the point where I got myself into $200k debt on equipment for my business for a total debt of $320 adding the house payment. Well, during the pandemic I decided to clean all that mess and I am just 47k more to go and planning to get that done by April 2024. So, my score can go to hell, because I am not going into debt ever again.
Legal or Illegal?
@@commonsenseisntcommon1776if he got a social security number and his documents then he’s obviously legal.
That's very motivating! Thank you for sharing!
@@commonsenseisntcommon1776ignorant. He just said he got his documents and his social security #. Why did you choose to ignore this piece of information.
Congratulations, I hope you will be debt free!
Jade is quite an asset to the Ramsey team.
Yeah she’s cool!!
She's smart, articulate, and to top it all--a musician!
She really is and I just love her…🥰🥰🥰
She said it perfectly.
People would rather be right, then actually open their ears and potentially learn something that will change their and their families life...
another perk of having a 0 credit score is that it protects you against identity theft big time!
A good credit score is like a gun, you should have it and believe you won't need it, rather than need it, and you don't have have it.
Unlike guns, credit scores don't exist in civilised societies@@jackstar254
@@jackstar254 but I honestly cannot think of a situation where I would need it 🤔
@@mysticquetzal87
You're at an airport overseas, they're beheading foreigners in the parking lot.
A plane is leaving in 5 minutes, They are auctioning seats on it at $25K each.
I use a CC and pay it off back in the USA.
@@mysticquetzal87 -_-
I don't think most people realize how recently credit cards became commonplace. The practice of accepting credit cards for payment everywhere you go was not common until about 2005.
Jade is incredible. Ramsey Solutions won when they hired her. 🙌🏻
I love her
We are debt free and have paid cash for our last two (almost new) cars. It was such a different and freeing experience. Negotiating the purchase price was about the bottom line, not the monthly payment where the finance people jack around with down payment, interest rate, etc. I walked in, told them I was paying cash, and boom… no need for qualifying and approval, no hours of going back and forth with finance negotiating…. It was awesome. * Edited to add* we are planning to move in the next few years and have a plan/path to pay cash for the new home not dependent on the sale of our current home.
I'm very, very proud of you girl for what you did over such a long period of time to stay strong and pais off your large debt. Stay strong and proud girl. Good job!!!!
They are acting as if the only choices are to have zero credit score or be strapped with debt for eternity. There just might be some middle ground here.
Yet the norm is to be struggling, crippled with debt. Most people are unable to do the middle ground hence it is safer they stay away from debt entirely
@@smn5672 maybe but that doesn’t mean the middle ground doesn’t exist.
Of course there is but it doesn't go with the Ramsey brand. When someone did his ideas but kept a card, they wouldn't let him on show to do "scream". He could have lied but he was honest. Didn't use it often and paid it then but didn't cut them all up. That's how crazy Dave is. You paid off 15,000 with my plan but didn't cut up your card, shame on you! lol Ahh, at least Rachel said in her group financial peace meetings, she knew some did "dave lite" and if it helped, it helped.
@@deb9806 I've seen a lot of "dave lite" on youtube. It doesn't matter what Dave thinks, if it works for you, it works and you save money from using his tools.
latest yahoo finance report says 44% of us pay off our cc balance each month. that's a whole lotta ''middle ground''.
When you pay cash, you have a zero percent interest rate and a 100 percent equity stake.
I guess I am sort of confused. I have a credit card and use it to buy grocreries, prescriptions, restaurant meals, etc. Then when the bill comes in at the end of the month, I pay it in full. With a credit card I can see in advance what my charges are going to be and catch any errors; whereas with a debit card, the money is already gone and if there is a problem, it causes a lot more hassles..
100% agree with you.
How has had more problems? Ppl with credit cards and not paying them or ppl with errors on the banks side
I have had credit card fraud before. You better believe I sleep better at night knowing it was on a credit card and not my checking account. It is basic risk management.@@RL-ww5ev
I’m guessing it’s aimed at ppl who abuse their credit cards and can’t pay them back. I use credit cards the same way you do. I’ve never been late on a payment because I live well within my means and always have enough money to pay my credit card bills.
@RobTzu Yea, there's more "security" with credit cards because it's not tied directly to your bank account.
So here is what I did. I moved to Bangkok Thailand and credit scores don’t exist here. I purchased a condo that would cost 1 million dollars in the US for $20,000 and I didn’t need credit or large down payment. I have a phone, electric, cable, water etc. and never credit was needed. Unplug from the slavery machine.
Murray Head, glad you are here
Wow!!!!
Haters? Jade, you are a breath of fresh air. You, above all other guest hosts are closer in philosophy to Dave than the others. I’ve never seen Dave let others run with the ball on financial matters like he does with you. Ken is great on job training and opening potential jobs, Deloney contributes psychological aspects of relationships and emotional issues. ❤❤❤
I think what you wonderful people are doing is REVOLUTIONARY. As a young teacher back in the day -- I felt the most important things children can learn is how to free themselves from the landlord, learn to build their own homes and grow your own food.
A person needs about 5 to 6 acres of land to live comfortably, producing their own food.
~35 acres for a family of 6.
I don't hate any of the Ramsay people. The only contrary thing I will say is that the lesson being taught here can be boil down to "save your money, stop buying stuff you cannot afford, stop buying stuff you do not need and stop being stupid with your money". To me this stuff seems common sense, but common sense is severely lacking in today's world.
And all that hate stuff just goes to show you how terribly brainwashed the credit card companies have us. They’ve got us like credit card zombies!
No such thing as a zero credit score. Just look it up on google. Lowest you can get is 300
I don't think they are brainwashed. You just need to understand them. They are a card, not evil. They don't put thousands on them and pay minimum. Do we get rid of liquor (I don't drink so wouldn't care) for the ones who can't handle it, gambling, fast food? Many rich get points and never have a balance. My son got a free trip from his BIL and my sister got free Xmas gifts for everyone one year. No interest, no yearly charge. If you can't do that, it's a trap to keep adding to it. I did 20 years ago when I needed car repairs and a water heater broke. I got a 0% card for a year and worked it down. Why pay on a 18% card? Dave makes no sense at times. If you aren't going to use the card again, it's a good tool. They closed transfer card after a year or two of not using.
It's called truth and it hurts.
EXACTLY!!!!!!!!!!!!!! I just made a comment to someone about that same thing. ppl are so lost to really believe on an imaginary number to determine if u can buy a home etc etc. it's sad. iv had arguments with ppl and realized that they are not going to see it so I just leave it alone.
@@BK12344youre not a loan officer you have no idea how bad a manual underwrite is. But keep smoking
4:45 Actually, you can have no debt and have a great score. Its called credit inflation. That happened to me when I bought my house 10 years ago. I had a credit card that i never used since college. But the credit bureaus reported that i paid off my credit cards EVERY MONTH because the balance remain at zero. My credit score was 779. The mortgage lender had to do a manual underwriting because they saw that my credit score reported NO DEBT. No debt no credit. Nothing. I had to write letters and give letters for every regular bill i had.
It took me awhile to warm up to Jade. Now I love her. Stand your ground against the haters that are trying to justify their bad decisions.
She’s tough to like
I liked her instantly compared to the other one.
disagreement is not hate. but click bait titles get more views and make more money.
Why do they deny the fact that you can have a good credit score and not pay interest.. I have a 800 and never paid a penny of interest on credit cards
they must follow the cult edicts or lose their jobs.
Exactly. Me too. And you never know when a high credit score will come in handy for things OTHER THAN borrowing money. For example, renting an apartment in an extremely tight rental market where you're actually competing heavily against other prospective renters. Others have mentioned other examples.
They don't deny that as they have said in many other vids. But even if you pay off your credit card, it is still bad to have one in the sense that you are likely to overspend with one. A common thing I hear is the airline miles. But guess what, you likely aren't saving any money since the cc and it's points is what convinced you to go with a certain expensive airline or vacation in the first place. Bottom line is if you are making any more than a few hundred bucks in cash back every year on a CC, you are probably overspending. Remember, it's like $30 for every $1000 you spend.
"Likely to overspend with a credit card". And yet.... most millionaires have credit cards. @@nathangallagher5112
The USA is the true cult.@@God.Almighty
I used to be a mortgage loan underwriter…started WAY back in the day of manual underwriting in which credit scores was not important and NOT the only deciding factor of getting approved for a mortgage loan.
Do whatever you want. Don't worry what someone else decides to put themselves through.
Nothing but love for Jade and John 💛
Using a credit card and paying it off monthly doesn't mean you're "strapped with debt for eternity"
Jade is pretty damn cool, like her. Great show.
I have an 845 credit score. i am not a slave to anything. I am also 100 percent debt free
I'm sorry to hear you have a credit score
@@amireallythatgrumpy6508 ive been crying about it all year 😭
My condolences
Exactly what I posted they deny the the fact that you can have a good credit score and not be in debt.
I'm 840, was 850, paid off my mortgage 2 years ago and pay my credit cards monthly or weekly. I'm good and know if I do need a car loan etc (cars paid off) I would get a good rate
So many viewers of Dave and his team post comments against them and disagree. If you don’t want to learn the method they teach then why bother watching, let alone post comments? I feel sorry for the haters, they waste so much time hating. Watch or listen to something that brings you happiness and personal growth. No one is forcing you to spend time on this channel. If you disagree with their methods and have found better ways and want to share with the public then start your own channel and stop wasting your precious time with things you deem no good.
Amen. It amazes me how many people watch/listen to any personal advice program and want to argue or disagree. If you don't agree as the above comment said, why wasted your time.
Because she's lying about how credit works.
because people like to bish.
Well said!! 👏
@@NeoSoulCrewYour comment is nonsensical!
23 and never had a credit score. Never plan to, and doing just fine!
I completely understand what you are saying, and i don't agree, but did you know your insurance premiums are based on your credit score?????
@@thebeegood1731 and you think the insurance game wouldn't ding you for having no credit score? Come on.. That's easy money.
Money that you would otherwise spend maintaining a credit score.@@ChrisMFlorida
"It's not hard to get a mortgage. Just use the one company that does it and that we profit from a partnership with."
What's wrong with that if it works and is not a scam?
@@MrJimmy3459 It's just a conflict of interest and doesn't give consumers options. It's not necessarily a bad choice, but I prefer unbiased sources.
@emoney9931 you are free to google manual under writing aren't you?
@@MrJimmy3459 When you get a Churchill Mortgage...you get a *drum roll*.....credit score!
@@MrJimmy3459 I'd rather work with whoever my realtor recommends.
I haven't carried a credit card balance in decades but I still use a credit card for the convenience as well as the perks. Hotel reservations, car rentals, etc. I don't want a vendor putting a several hundred dollar hold on my checking account for days. Also disputing an unauthorized charge is much easier on a credit card vs a debit card. Finally, there is no way I will ever use my debit card to make a purchase online
That's not true, I haven't used a card for 4 years I cut it up but forgot to close the account. My score has gone up or stayed the same. 760 credit score no debit. Haven't used debt for 4 years.
What's not true? You just said you left the card "open" therefore your credit score will never become zero, the correct term is indiscriminate, in other words it may take a loan officer a bit longer to "determine" whether or not to offer you that home loan. But, and I've seen others say this and it is complete malarkey that your interest Rate will be higher if you do manual underwriting...no it will not!!
@@jwlsngold5026 she said if you don't close an account your score will be bad and eventually go down. Also it does cost more to do manual underwriting, just had a friend do it with a zero credit score they said churchhills interest rate was about a point higher.
You and another party both wish to rent the same house. Your score is undeterminable, and the other party has a 810 score. Who's getting offered the lease, and who has to keep looking?
Happens to Ramsey people too. John once (was dave listening??) said they had to go to 3 rental companies to find one that would do cash/debit. Hotels don't want it, especially nicer ones. They want to know they can get the money if you default. What's in your debit? My daughter is looking for apartments, most want 680 or above credit score. Now if you have enough money to give them 6 months ahead, kind of dumb idea, it might work but why jump hoops.
@@deb9806 Not true. I use my debit card at Delta (Diamond) and Hilton (Diamond there as well). No hoops, just I chose not to be a broke joke.
@@deb9806 It's crazy Americans have to jump through these loops, especially in their own lands. I came to America for tourism and I never had to provide a credit score to rent or go to fancy hotels.
Such establishments do not require that from non-Americans, they find other ways. This credit score system is ridiculous.
@@susiem.2068 yes my daughter is dating someone from the UK and it is different there but so is insurance and a lot of other things
Jade I love you!!!! You tell it how it is. I love having a 0 credit score. It’s so freeing knowing I don’t owe anyone anything. Looking forward to those hoops next year when we buy a house.
I would love it if you come back to this post and talk more about your process of buying a house with a zero credit score.
You love paying higher interest ! You go girl! You're in for a rude awakening.
@@NeoSoulCrewExactly! The interest rate may be the same for manual underwriting, but the fees will be higher. More work=higher fees. The higher fees will be factored into the APR, which is why a law was passed that all lenders must express the cost of the loan in terms of the APR so consumers can compare them. Don't just compare rates. Also compare APRs.
@@NeoSoulCrewShe’ll pay the house off early so the interest won’t matter.
I followed and continue to follow the Ramsey Show! Purchased home with ZERO credit score - 2.75% interest rate 🎉💃🏽🎉
Thanks Ramsey Team!!!!
People are just so uneducated when it comes to finances and not doing their own research. This show is fantastic and gives you the information you need to get ahead.
Agreed. Although they never mention that after you go through the manual underwriting process/buy the home and start making payments, you will have a credit score again
😮
I didn’t know that!
Once again.....these people have no clue when it comes to REAL financial situations, like drawing 8% in retirement....idiots!
They need to STOP IT and just help get folks out of debt.
@thebeegood1731 True, but in some cases, you may "need" to have a high credit score to avoid paying a higher interest rate on a home vs. someone who has 0 credit.
Like Duh, they like smoke and mirrors
You guys dont think through? Once you secure a mortgage you then will have a.......credit score. So you want to eliminate one to then get one?
you are missing the entire point. they are saying you dont need the score to get approved for a mortgage. you dont need to carry credit cards and have a traditional "score" you can have no debt or open lines a credit and through manual underwriting still get a mortgage.
I don’t believe anything that they say about the zero credit score. I also don’t believe what they say when it comes to manual underwriting. These people do not buy houses with regular or low incomes
Zero debt here, but I do have a credit score. Sorry Jade, but if it hadn’t been for my credit score, I wouldn’t have been able to get approved for a house recently. I’m sure there’s ways around it, but good luck hunting for lender that will work with that.
I agree, I too have only one credit card, balance it, and pay it off completely. I'm saving and preparing for house buy process.
It's called manual underwriting. Lots of lenders "will work with that".
No debt but then goes on to say you just got a mortgage 😂
@@cereal76yes, I know what it’s called. And also know that 1/10 lenders will do manual underwriting, so yeah, good luck with that.
I just paid off my last debt in September and my credit score went up. I don't get it. As an aside, I have never felt better mentally then I do now.
Of course it. She is pushing this weird and ignorant myth that you need debt to have credit stupid and false
Thats because one of the criteria used in a credit score is credit utilization. $0 balances improve your credit score.
It's how you pay. Even when I had balances, mine was 700 or so but now 840 with no mortgage but small loan. If they see you pay on time and more often (I think it's that with me) you get a good score. I taught my daughter to do that and I think hers raised. I told her pay it every 2 wks instead of monthly.
@@deb9806 So it's like that thing they do in China then. If you behave you get points. And if you say something the government doesn't like, they deduct some points from you.
@@MrClassicmetal I don’t know about that ,but I know that people have behaviors they need to work on, but it shouldn’t affect someone who doesn’t have that behavior. For instance, I don’t drink and I hate it when an alcoholic strolls into a liquor store and they don’t say I’m not going to sell you this bottle because you’re already drunk and have an issue. It’s not going to happen because they are a business. It’s the same with lotto if a guy is spending last money on lotto tickets instead putting it in his savings account because he thinks he’s going to win $1 million, it’s sad. But his choice. If someone like my self, pays their balances off as they buy things pretty much, when they get home, and takes the points and buys free gifts with them, same as ebates, that’s my choice, but if someone else can’t do it, they shouldn’t tell me I shouldn’t be able to do it
My boyfriend pay cash for everything for his entire life. He’s now 50, realizing how important credit score is, when he tried to rent a house and it declined saying his credit score is not good. I had superior credit score so I went and applied for the house and got approved instantly. He just got a new truck but instead of paying all cash he’s financing for the first year just so he can build his credit score. I found that when we have excellent credit score we can get the things we want or for low interest rate over others. We just have to take control of our finances rather then let it take control of us.
Credit scores aren’t as important when you aren’t broke for the rest of your life. That point seems to have missed you completely
So you are using your example of your boyfriend who is 50, still renting, and decides to buy a new truck rather than save for his future to somehow prove that credit scores are good and necessary? Sounds like you are proving Ramsey's point to the tee about what kind of people value credit scores.
Sorry honey, but credit scores do not even exist in civilised societies. You are living a lie.
@@nathangallagher5112 Yes, it's called BANKS care about your credit score. It's called BUSINESS in America. That Is how business Is conducted when one wants to buy a big Item like a House, a Car, etc. If you were to listen to Suze Orman, another Millionaire, you might be the one enlightened.
This is what Jade doesn't understand (or most likely understands but rightly fears Dave's wrath for going off message). Your boyfriend is doing everything right, but the fact is, so many things hinge on a credit score. It's called 'The way it is'.
Just because you have credit cards or credit scores doesnt mean you are going to be slave to debt.
The ones who understands that they are borrowing someone else money, building their credit card score safety not miss using cc going into deep debts. But, to balance cc and pay it off as well saving, having our own money in the account. 😊
This is why it took so long to get rid of slavery in the past. People did not have slaves, but they benefitted from the system.
Then why do so many people call in to the show with credit card debt?
@@mattalkire6716 why do ppl have children they can't afford? Bc they're reckless and irresponsible. Cc's aren't the enemy. They have cc debt bc they're irresponsible with poor money management skills. It's not hard to live below your means, charge what you COULD afford and pay back in full. It's a choice......
@@asiaanderson5556but you ARE a slave by definition. Bloop
I'm keep my 820 score with all paid off credit cards and zero balance
I'm sorry to hear you have a credit score
Worry about yourself playa
Same. Dave actually convinced me to keep mine when he acknowledged that he still runs peoples credit score before dealing with them. That’s how important it is. Even that guy does it.
Gang gang. $7000 free dollars roughly and $0 in interest so far over the course of my life, thx credit cards
Mine is a 771. I have have a $36 Verizon prepay bill auto pay every month. I rarely used that card. I just use my debit.
What I never hear them talk about with regards to the "no credit score" mortgage is what interest percentage they're getting. We all know that the higher your credit score is, the lower your interest rate can be. Sure you can get a mortgage without a credit score, but how is that interest rate going to compare with someone with an excellent credit score? Make it make sense, and more people will maybe buy into the idea. Those of us who are disciplined and use credit but have never carried a balance or paid interest on it need to know that we won't have to pay higher interest on a mortgage when our credit score drops to zero. We see no benefit.
Make it make sense.
I have a zero credit score
And I paid zero interest for my house.
Now I have a ton of money in the bank
And no mortgage no payments no
Credit score. The future is bright
you probably get a pretty decent rate because you arent already riddled with debt so loan to income ratio is much lower, its just a way more arduous process than the traditional one
@@PInk77W1Can you elaborate. Did you have a type of loan that was interest free?
@@llcross04
No I saved up and paid cash.
I tried to get a loan from
The bank and got into an argument with
Them. I just can’t handle legalism and
All that stuff. I have zero patience for it
They do explain it. But y’all are so offended by their no credit stance, you miss it.
They recommend having 20% down payment on a 15 year loan. And you pay that loan off in 8 or so years.
So you might get a higher rate, but you’re paying the entire mortgage off long before the note ends, so in the end it doesn’t matter.
Of course this also means you have to buy a house that’s within your budget. And if you read the comments, people that did manual underwriting didn’t get higher rates. Their rates are all pretty low.
I've never had any debt outside of a mortgage which I paid off in 2020. I did once take out a small car loan ($5K) in 2009 that just to get a better deal on a new car, and then paid off the entire balance with the very first payment. I do use credit cards for convenience and pay them off every month so that I don't pay interest. I have a credit score around 820. You don't need to have any debt to have a good (or even outstanding) credit score. It's worth having a high score just to get better auto and homeowner's insurance rates and it costs me nothing.
I've noticed once you see a certain # in your bank account it's like freedom..Dave said it best now "emergencies aren't catastrophies they are just inconveniences" with that said I still uses credit cards and haven't paid a dime of interest in 20years!!! It takes discipline.. if you don't have it stay away from credit cards!!!!
Getting a mortgage is EXTREMELY difficult with a net zero credit score. Sure there is manual overwriting but it is a nightmare.
it's underwriting not overwriting. And when we got our first home they had to do it despite the fact I had a score over 800 because I had a private student loan that was a bit too high. It wasn't that bad, in fact rather minor in the grand scheme of all the other paperwork I had to sign to buy a house in the US. Uninformed comments like this are exactly what the banks want to see, because it helps them make more money.
@@polarablues64 underwriting/overwriting you knew what I meant as did everyone else who read this. Are you suggesting it is easier to get a mortgage this way? Even Ramsey would acknowledge it’s more challenging to get a mortgage through underwriting. My entire point is that IF you’re responsible, I don’t see any issue with a credit score.
Getting a mortgage in general is a nightmare. It's supposed to be a nightmare
Have you done it?
Not to mention the lack of institutions that actually offer proper underwriting services. Even at that, the wait times and rate of success is still much lower than having a good credit score to begin with.
One story that still makes me smile, is my sister, got a Discover card years ago and used it to purchase many things and paid them off as she did but never knew or thought about "points". One day when looking at site on laptop she saw "check your points" and she did and realized she had a lot of them. She called me all excited and asked what gift cert we would like, she felt like Scrooge on Xmas day. She gave gas cards, stores, restaurants to everyone, even people we normally didn't exchange with. She said she really didn't have to touch her Xmas fund that year. Now that was from not touching them for a while and purchasing some large items and then paying it off that month.But no interest and no fees and presents for us, made her very happy that year. : ) I can't see anything wrong with that. She used it like a debit, paid it off before interest and got perks.
My friend who had the money to just use debit, used credit for big items and paid it off that month. She got some airline trips free. If you can do it, it's free without interest and fees. If you get interest, the perks aren't as much, you are giving the company money monthly.
First question I'd ask is if she really used it like debit even without knowing about points. It's not really the points that make people spend more with a CC, but just the fact that it's credit and doesn't feel like their money. Second thing I'll point out is that if she got that excited over the amount that those points were worth (maybe $500 or less lets say), then she is probably darn near living paycheck to paycheck like over half americans are. Having not much money, combined with the fact that she is so excited about the points system, is kind of a dangerous situation to be in. I'd be willing to bet she is spending (and likely overspending) on her CC now that she knows of the points. Remember, if you overspend even $25 out of $1000 then the points are already worthless.
@@nathangallagher5112 She was excited because it was free money. She was a nurse and she did well but she always had money put aside for Christmas and that year she didn’t really have to dip into it which is always nice and it didn’t come out of her paycheck. She got the card just to have it and felt it was safer and didn’t even know that much about points or thought they would just be a few. If you don’t spend interest, the points are a plus and some people like me don’t want anyone to have access to my debit account.
@@nathangallagher5112 that is something to watch out for. I don't bring cookies in the house I like so I'm not tempted. I lost weight with that discipline (something dave is trying to do with donuts) I've gotten a lot more disciplined from 30s on. Im so strict, I set up payment for a purchase, let's say 300 for a vacuum when I get home to come out with my check end of week or whenever, before the statement ends. If you get lazy, the interest cuts into it. I hate hearing the minimum wage workers at some stores like Kohl's or Tj Maxx, have to try to push their 29% card to save 10% on the purchase. One woman tried to "educate" the guy why one month on carrying balance would kill that deal" but the guy was just doing his job. You need to do yours. Scheduled payments is great for me.
Yeah. The problem lies is who pays for your points. The single mom raising 3 kids and charging groceries on credit. I refuse to earn rewards on other people’s debt
I don't agree with letting your credit get that low. Ramsey is correct, credit scores are the gateway to debt. But it is also the factor that most people use to identify you without actually knowing you. Okay yes, you can save up for a house while living broke sure. But why not get the house now and pay it down along the way? Halting life is not always the answer.
Meh
Jade, this is higher level thinking. Respectfully, I don’t think most people are ready for this or can even imagine a life like this, hence the hate.
It's not hate coming from those people, they are REALISTS. What Jade Is preaching Is advise from a Millionaire's Perspective. It Isn't most people's reality. If you listen to the advise from Suze Orman, It Is completely opposite to that of Ramsey.
@@NatalieG427 I love Suze Orman. She also has empathy which I think Dave Ramsey might be a little short on.
Jade parrots what Dave says😒however, are ppl suppose to sleep outside bc you damn sure need a credit score to lease an apartment. That's the ONLY reason I keep a healthy credit score, I don't need to borrow a dime nor am I in debt.
And when two people have opposite beliefs they are usually both wrong.@@NatalieG427
Favorite Dave Ramsay personalities right here. Great convo, thanks so much to both of you.
821 credit score with $0 debt. I’m an example of being able to do both. It’s just more convenient.
I'm sorry to hear you have a credit score.
I get mine fluctuating 840-850. Always paid my cards more than once a month to pay off and mortgage and parent loan gone the last 5 years. I'm good.
@@amireallythatgrumpy6508Why are you spamming every comment with this reply?
Because credit scores do not exist in civilised societies. @@llcross04
It's in his UA-cam moniker.@@llcross04
Yes, manual underwriting can be done. My brother did it. If it matters that much to do it then go for it. He followed the advice to let his credit get to 0 after a year, but it was not a better rate than my husband and I got with a credit score over 800 when we bought a house around the same time.
I still haven't heard what interest rate Ramsey personalities actually got when they talk about manual underwriting. They just say it's the same as someone with a good credit score. If that is true then it wouldn't hurt to actually say the number.
If you are irresponsible with credit cards to the point you can't pay them off on time (in full) or you are not willing to stick to a budget then don't mess with credit cards. Most people aren't credit card people.
That's not true either in light of the fact that many bills are paid online. You can't In reality just pay cash for all your bills. If anything you use a debit card online. You need credit for many things.
Fact
@@NatalieG427wrong
@@NatalieG427you actually don’t need credit at all, yes you pay for bills online but you can use debit cards. To rent a card, some of the companies accept debit. There’s no more need for credit. The reason why we think it’s necessary is because we have been marketed like crazy that we need it for a FICO score. Banks, especially the national ones default to credit based approvals for loans. There are some banks out there that do manual underwriting. They need to prove that you can pay, so they look at bank statements, paystubs and your debt to income ratio, that’s how they do it. Traditional lenders look at your ability to pay debt (FICO) scores.
You cannot buy an airline ticket without a credit card. My brother tried to pay cash and they wouldn’t accept it.
Jade, ma'am. Your hair looks absolutely beautiful...!
Every utility company we've used in the past 20 years (we've moved 4 times) asked for our credit score. If we didn't have good credit they required a large deposit that they held for a year. Same with cell phones. Every employer has checked our credit score. And of course, the mortgage company.
but of course keep telling people that credit scores are only needed for credit cards
Now we have two homes with no mortgage and we have enough to retire by 50. NOW credit scores don't mean anything. But in our 20s and 30s they sure did.
Just curious - what sort of employer checks a credit score? I have not had that experience so I'm just curious
@@tccrn2011 Any type of job with a fiduciary responsibility, a lot of exempt employees, employees in the financial sector, etc, etc. Basically, any type of job that requires a background check.
Thank you for the explanation!
If you have an IQ above 50 you prepay your cell phone account and avoid the whole issue. Same with utilities. Pay a month ahead.
@@amireallythatgrumpy6508 I must not have an IQ over 50 because I've never prepaid my cell phone and didn't even know that was a thing.
It’s so easy to have a good credit score and not be in debt. I have only ever had one credit card and I only put gas on it and pay it off every month. My credit score is over 800. I don’t really see the problem with this.
That is barring ANY emergency you might have at that moment. Suze Orman always said you should have a credit card for emergencies & use cash for most other purchases. You do have to use that credit card once in awhile or it does make your credit score go down.
@@NatalieG427 Yes, when my daughter's debit expired on trip (she didn't look at date) she was grateful to have credit card to fall back on. I always made sure when she traveled abroad, she had a card that wont connect with her bank. Worked well for her for 10 years. My friend at work that had her debit hacked, cried a lot of tears until the thousands were returned. Paperwork, police report....credit hacked, my experience was one phone call and no tears.
LOVE to the Ramsey Team!!!
Blessings, blessings, and more blessings upon yall!!!
SCREAM it JADE!!!
We bought our first home right after getting out of debt with a zero credit score. We rent cars and hotels without a credit card. We’re better than fine. To say it isn’t possible makes you sound really blind.
My dad was bed bound and in long term care, not sitting on a pile of cash, spending down to go onto Medicaid. I suggested closing some credit cards to make his affairs easier to manage, and was like “what about my credit?” I was like, what are you gonna buy a house? 😂 🤦♂️ It’s a tool that a lot of the country uses, but it’s not a determination on how good you are at managing money. Who cares what the score is when you’re at the point where you’re not needing to buy homes and vehicles anymore?
Then that's a WHOLE different story, as you Dad needed health assistance & obviously disabled.
@@NatalieG427well aside from that. I’m just sayin, in his situation his credit score didn’t matter much. He was no longer gonna be trying to buy a car or a house. Lol but people still worry about it-what will people think if my score is low?? Lol
Without a credit score....finding a place to rent will be tough, and you'll pay more for insurance. It sucks but that's the system we live in. So I'll keep my 800 score till the system changes.
I'm sorry to hear you have a credit scores.
Insurance? How much exactly would you save? $10 a month maybe
@@MrJimmy3459 It helps traveling a lot, I like that I pay things off in full and not pay interest and my score is high because of it. I used credit instead of debit to do it, who cares? 850 last year, 840 this year, mortgage paid off, school loan. It can be done.
A credit score is required if you want to rent in a luxury apartment and not in the hood, for low rate auto and homeowners insurance, for low rate mortgage loans, and for a host of other things. But then again, this is the Ramsey group, where unicorns exist and you always get 12% on your money and sequence of return risk doesn't exist.
There is no such thing as a luxury apartment. An apartment is a dump by definition. No apartment is worthy of human habitation. An apartment is only fit for cockroaches, bedbugs and spiders.
It's because you are the proletariat and follow the Ramsey bullshit and think that having a million dollars is good enough to retire on. Good luck with that. @@amireallythatgrumpy6508
Quite the opposite. I don't think people should retire AT ALL.
I believe in working until the age of 80. @@michaelpalumbo4880
@@amireallythatgrumpy6508 Yes, there are many really nice apartments. Downtown Chicago has Luxury Apartments. Mind you, you have to be well off to afford them. They can be small, but you pay for the location.
Nothing about Chicago is nice.@@NatalieG427
The people saying it's not possible just aren't thinking, or they're being intentionally disingenuous. It's easier to avoid the trolls by saying no score rather than zero score. You started life without a credit score, you can go back to that if you so choose. If you're not interested, then just say that. Don't tell others what they're saying isn't true when you have zero proof of that
IM keeping my credit cards open and pay my UA-cam premium, hbo max and so on. That is my opinion.
Your logic only applies to people who are irresponsible with credit.
In other words it only applies to 99.9% of the American population.
These people are insane
You'd have to be insane to live in the USA
They’re both so charismatic. The current Ramsey personality team is so good.
It’s interesting to me how people view credit score. They look at it as if it’s a treasure chest when really it’s a mirage of a treasure chest with a deep whole below it.
Love Jade!!!❤ continue being great. I’m sure the haters are broke and undisciplined that’s all 😂
My score is 810. 400k house paid in full... i own 3 cars paid off. I have $100k in savings. My score is just there lol
"I own 3 cars"....and this would be why you have an 810 credit score. Those lenders love you.
@nathangallagher5112 I don't think these lenders love me at all. I negotiate a low price and pay with cash when I meet the loan officer in person. The look they give me is priceless. They assume I'm getting a loan and expect to make money through interest payments. I just write a check or wire transfer my payment 🙃
I love how Dave quotes Cuban but he doesn't advocate just not using cards, he hates the high interest people with bad credit pay, but he advocates personal loans. He leaves that out. "Cuban argues that if you’ve got a good credit score, getting a personal loan can allow you to get the money you need at a lower interest rate while still building your credit. If you’re approved for a personal loan, you’ll typically receive a one-time cash payment that you pay back over a period of time with interest." He got in trouble years ago like many when young. He doesn't say don't borrow. He is concerned with interest rates.
Yes, he hates high interest. Cuban told Business Insider in 2014 that he wishes he had known when he was in his 20s “that credit cards are the worst investment that you can make,” admitting that “I should have paid off my cards every 30 days.”
But Dave doesn't expect anyone too for whatever reason so wont give the rest of what Mark says, personal loans are debt and he is just getting on his young self for using high interest cards. I did that with a store card once, bought 500 worth of things and realized it would take me a while to pay off. Transfered it to 0% card and paid it off half the time and let it close.
@@deb9806 Credit Cards are NOT an Investment. Just a method of paying on time. They’ve been around since the turn of the last century & not a new Invention to be scared of. I’m 60, with a credit score of 726, a Mortgage on my house & no kids. So, my husband and I don’t care if we ever pay off our house. If we die in the next 30 years, the bank will take it & who cares?
My credit score is 813 and I have 0 debt and my house was paid for when I was 45 yrs old I'm 62 now , no problem.
According to them you should have a 0 credit score
I'm sorry to hear you have a credit score
@@amireallythatgrumpy6508I'm sorry that your so sorry.
@thebeegood1731 a great credit score is like earning a college degree....it gets you in the door and open up opportunities. Where 0 score is cool too, but you gotta work harder. But it's all about discipline. I know a number of debt free people with a high credit score.
@@thebeegood1731 credit score dosent really matter to me , could care less if it's 0 or 900, but following Dave Ramsey for years and getting out of debt is very comfortable as anyone would say.
I absolutely love Jade!
Even if you did manual underwriting, wouldn’t your score come back?
I have a great credit score, and I became a millionaire in about 28 years. I prefer to use my credit cards online than my debit card. No way I am cancelling my credit card. Each to his own.
I've noticed a lot more Ramsey videos where they go on the defense lately. Thin skin. All of them.
Americans in general have thin skin. All of them.
Not really. They just know it's a way to get people like you to click on their videos. Looks like it worked,.
@@jh26pt2 Oh, the Dave Ramsey show is all about click bait.
@@kensmith2796 So by your own standards, they obviously pulled you in.
@@jh26pt2 I respond to financial click bait.
Have fun paying even more in closing costs on manual underwriting on a home in today’s ridiculous cost of buying a home 🤣🤣🤣
This is where Ramsey is disingenuous. The loan rate may be the same as a conforming loan, but the all-in costs are much higher for manual underwriting. They advise people to use APR for all-in like to like comparisons of mortgage offers, but are silent on APR regarding manual underwriting. Also, I’ve never seen anyone in the comments section that willingly did manual underwriting share their closing costs or APR. Do they not know, or are they embarrassed? It’s a FICO tax worth up to 2% of loan balance on a 30yr loan.
Out of everything that I have listened to on this show from all of these individuals, this has probably been the most absurd thing I've ever heard. You mean to tell me that you have to have a zero credit score in order to get a home? Where are they doing that at? I know people with credit scores of 400 and below and they couldn't even qualify to get a pencil on credit! I think keeping One credit card open for credit purposes and in my case and inevitable emergency is necessary. My credit is in the 700's so I think I'm doing pretty good.
A 0 credit score is not a bad credit score. Of course with bad credit you’re not getting a loan LOL. With a 0, they just use other ways to determine if you’re going to pay your bills because with a 400, ya not paying them clearly so rent
When people talk about a zero credit score, they're actually talking about not having a credit score at all.
@bornaries.....no, they are not saying that.
If you have a indeterminable score, you’re going to have problems renting, obtaining insurance, arranging utilities, and potentially missing out on job opportunities. It’s called ‘The way it is’. That simple truth doesn't make anyone a 'Hater'.
Only from pathetic lazy companies that you'd be better off avoiding in the first place.
Debt is dumb
@@amireallythatgrumpy6508 So any company that deals with finances?
Any American company that deals with finances, yes. @@kiknchiknstudios8901
@@topsykretts2264 Why does everyone equate credit card with debt? If you pay it off like I do the same day or week, how is it debt? You pay for it with debit, it goes out of account in 2 days, same here. Except my bank doesn't give me points for every dollar charged. Debt for a few hours is not debt to me. Debt is what you owe ongoing. No one cares about a charge coming off in a few hours.
Hello Ms. Warshaw.
My question is, What are the names of the three Agencies I need to call in order to check my credit, in order to eliminate any debt? And I'd like to just thank you for sharing.❤
Jade is a star 🌟
We got a new car last year ( sensible and covered by ten year warranty ) after driving the old one 25 years. We paid cash which was just shy of what we paid for our first house. That was a mind wower! lol Since then we've been packing 2-4 K a month away ( the house got paid off 14 years early ) and will soon be able to pay cash again for our 2nd car. We are waiting for a new model to come out in January. With a paid off comfortable home and two cars not costing a car payment in repairs all the time, we are going to be resting very easy for the next few years. We can sleep like babies. The grass out front feels spongier! LOL.
That is only because you haven’t experienced any emergencies yet. No one plans on that happening, but it can.
@@NatalieG427 I'll pardon your faulty presumptions, but the heck we haven't experienced any emergencies. We had a surprise serious ( life or death ) cat surgery that we cash balled, an ER co pay ( from a covid caused heart scare ) and a stack of down payments on dental implants that were not covered by our insurance. If we are living this fluid from paying off things early it stands very much to reason that we'd have a good "emergency fund." We do plan on things happening, and we sleep better at night knowing cash is stashed away for the little oopses that happen in life. Cat is thriving now.
@@NatalieG427you’re wrong. That’s why it’s called an “emergency fund”. So you’re prepared for an emergency.
Two things can be true at once. One can have a credit card and use it responsibly, one can also have a credit card and be unequipped to handle it. It all depends on how you use it.
I think the Ramsey people are kinda stuck having to agree with Dave on 100% of things. Agreeing with someone 100% of the time is never a recipe for success. Baby steps are great! The other advice, not so much.
One cannot live in America and be responsible. Those two things are mutually exclusive.
As long as property taxes exist, you’ll never own your land.
This has got to be my favorite Jade video!!! 💜
Wtf does it matter what someone wants to do with their credit score. I admire yalls idea but it's not for me and that's okay. Yall do yall and I'll do me... SIMPLE AS THAT!!!
Dave, I need your help.
I want to be a premium Every Dollar App member, but I'm from Puerto Rico and the payment must be from within the actual US.
Isn't there anything we could do to solve this?
Please, and thank you.
Jade, great job on the live event, loved your talk. Congratulations!
I think Jade is one of the very best of the "new" hosts on The Ramsey Show.
You only need credit for underwriting purposes. In reality, some lenders can waive credit history/score if your DTI (debt to income) is low. You might have a 750 credit score and a bunch of debt that will make you uneligible for a loan due to a high DTI
I’m glad this was shared…. I was going to be Davish 😂. I’ll be fully on board and all in the Dave way….This is the way. ❤
I paid off all my debt, have 2 credit cards open which I use to pay for grocery and gas, and pay it off every month. My credit score is above 800. You're wrong, Jade. One credit card is enough to keep your score high. Also, like anything life, you want to keep a balance. I do no debt but still keep credit cards and make zero interest payments on random little items to save money and keep my credit score. I'm not rich enough to ignore the system that is set up to limit me if I have no credit. No credit really isn't worth the hassle if you're broke. I'll get rid of my credit score when I have a net worth of greater than 3 million.
A perfect plan is only perfect when everything is perfect.
100% spot on!!!
Totally agree.
You are right, when my husband & I bought our house, the mortgage loan company took all of that Into consideration. You are judged by your credit. Yes, you probably can get things with a crappy credit score BUT your rates will be much higher because you are seen as more of a credit risk. People like Ramsey & co. preach things from a Millionaires point of view & say, " Just pay cash for everything". That Isn't most people's reality. We don't have a million dollars lying in the banks. Your credit score today, Is a part of your Identity In the banking world. And I say this last part advisedly here, IF In about 30 years or so, all the governments make everyone go totally digital with the money & change our money system against our will as they want to, what will their advise be then? Can't pay cash anymore & then the advise will be Obsolete. I just make that point for what It's worth.
@@NatalieG427 First it won’t take 30 years, physical cash is ancient and almost dead. Digital cash via a debit card, the tap, apps etc are still cash. Just digital cash.
Absolutely love Jade! Very insightful and intelligent
Your score cannot go down to 0. The lowest it con go to is 350.
There's no reason to have a 0 credit score.
You will get a lower rate with a good score. If makes renting cars, and apartment easier. Some jobs do look at your score.
You pay your card every month, you will not be a debt.
Manual underwriting makes you pay more interest. It takes awhile to do, that you cannot shop around for different rates.
These people only want to hear one side. And only their side.
There is no reason to have a credit score. You can just live in one of the many better countries than pathetic USA instead
a system other than property tax needs to be developed so people who step up and "own" land can actually be "free" of debt and worry.
Unfortunately, the government can always take over your land if it wants to. In a sense, you don’t really own it, you just lease it from them.
I really like Jade. She's one of the best. Up there with John. Don't let the comments get to you.
4:40 I have 800 credit score and don't have any debt lol. You act like crippling debt is synonymous with a good credit score. Never payed a single cent of interest on my credit cards in 6 years and never held a balance.
Edit: and whenever I decide to purchase my first home, my 800 credit score will make it 100 times more convenient to get a mortgage than this manual underwriting garbage you keep talking about.
She has so much confidence about this even though she's wrong 😂
Well most people fall into the trap of debt and ALWAYS miss payments. She has a huge following and she knows the world operates in generalities… 1/10 could probably do what your talking about. Also I assume your not 24 meaning your an adult that has only been able to do that for 6 years out of your whole life. So either you were paying interest and missing payments or you never borrowed money before 6 years ago… which proves Jades point 😂
I'm 25 lol @@jackochukpue8365
This show caters to broke irresponsible people. I don’t think they’ve met people with good credit and zero debt. Ever since George and Jade joined the “social media” team has gone up but the quality has gone down.
I'm sorry to hear you have a credit score.