Why you should be careful when canceling credit cards

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  • Опубліковано 31 січ 2025

КОМЕНТАРІ • 30

  • @kittymogulco
    @kittymogulco 12 днів тому +6

    These are very good tips. I like that she ended by saying "Make a proactive and intentional decision." I'm not too sure what she meant by insisting on reconsidering before canceling the card. If the fees outweigh the benefits then there's not much more to "rethink." But that is only my opinion.

  • @michaelc1063
    @michaelc1063 12 днів тому +11

    A CREDIT SCORE IS THE BIGGEST SCAM IN CONSUMER HISTORY!!!
    With that said be smart and stay on top of your finances. You will survive when the recession hits

    • @Rico401Prov
      @Rico401Prov 11 днів тому

      We’ve been duped to believe they even matter!

  • @johncoy5912
    @johncoy5912 7 днів тому +1

    Credit score is deceptive and not as important as she makes it out to be . Do you want to be in debt or out of debt that's the question

  • @NaNslx
    @NaNslx 11 днів тому +2

    You can buy everything by not having a credit score....banks issue mortgages to ppl without a credit history all the time. Don't be fooled or feel pressured by your credit score

  • @twoweeledsoto6072
    @twoweeledsoto6072 4 дні тому

    "including those who hold the balance every month"? What does that mean? "Hold the balance?"

  • @raylemar
    @raylemar 10 днів тому +1

    I'm cancelling every single one them .

  • @jimmycrumpler1853
    @jimmycrumpler1853 12 днів тому +5

    I’m never going to buy anything on credit again

  • @shit_for_brains
    @shit_for_brains 12 днів тому +1

    This “advice” is a bunch of nonsense from someone who benefits from people being in debt. While credit cards have their usefulness, never be afraid to cancel them.

  • @tuka5871
    @tuka5871 12 днів тому

    Creating fear around getting out of debt is not financial education

    • @sportsnetusa1
      @sportsnetusa1 11 днів тому

      Absolutely! I've canceled credit cards over the years and it has never lowered my credit score. Keep preaching debt Yahoo!

  • @moe-df9qx
    @moe-df9qx 11 днів тому

    i only use my credit card to oay bills then pay it off every month🤓 rinse and repeat i do however have a credit card i DO NOT like but ive had it so long i dust it off about every quarter

  • @nfaoussoukouyate1963
    @nfaoussoukouyate1963 11 днів тому

    No I'm not approved about credit card

  • @nfaoussoukouyate1963
    @nfaoussoukouyate1963 11 днів тому

    I have bad credit score

  • @Patrick-yh5yd
    @Patrick-yh5yd 10 днів тому

    If you are older than 70 years old who cares about credit!!!

  • @michaelpugliese13
    @michaelpugliese13 11 днів тому

    People should cancel if they aren’t able to pay off every month.

  • @HieouyaAgnèsDoyo
    @HieouyaAgnèsDoyo 12 днів тому

    I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!

    • @jopolo-x4f
      @jopolo-x4f 12 днів тому

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns..

    • @HaholBarton
      @HaholBarton 12 днів тому

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

    • @jopolo-x4f
      @jopolo-x4f 12 днів тому

      I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure.. So I really don't blame people who panic.

    • @HaholBarton
      @HaholBarton 12 днів тому

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

    • @HieouyaAgnèsDoyo
      @HieouyaAgnèsDoyo 12 днів тому

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?

  • @hennessyandhiphop6765
    @hennessyandhiphop6765 12 днів тому +5

    I’m preety sure the person who is trying to cancel a credit card is the person who got themselves into bad credit card debt and finally going the right direction in managing their money. I can’t believe yall pushing this misleading bad advise 🤦🏽‍♂️ 😂

    • @brendantogo
      @brendantogo 12 днів тому

      Agree. I had the same through as soon as I saw the title of the video. It is probably sponsored by credit card companies that want to keep people under their control.

  • @Jof365
    @Jof365 12 днів тому

    Biaised by someone who promote credot card

  • @Timothy-y7e
    @Timothy-y7e 12 днів тому +3

    Ryan Reynolds sucks