“Broke Now, Pay Later” - Credit Scores CRUSHED as Americans Drown in Phantom Debt
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- Опубліковано 14 тра 2024
- Those 'buy now, pay later' loans offer consumers the convenience of spreading out payments over time without interest charges. However, economists cautioned last year about the potential risks of accumulating 'phantom debt' from these loans, which could pose significant challenges for both individuals and the overall economy.
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The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
could you recommend some good advisers? don’t get me wrong, I already have an asset manager, but he seems not to know much about crypto.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Mind if I ask you to recommend this particular advisor you using their service?
Credits goes to " vivian jean wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Credit scores are a scam. I paid my car off early and my credit score dropped 75 points. I’m done caring about FICO and done with debt
Ofc its a scam, it worse then a social credit score, cause this bs actually impacts your life
💯 It's a messed up system. I get having a system for loaning out money, but now it's used for job applications, renting (backwards AF), etc. All the conservatives whining about social credit scores when it's already here.
Yeah totally agree, I bought a shed using credit, then paid it off right away (gotta get those points) and that took 35 points off my score due to "increased credit usage". What's the point of giving me huge amounts of allowable credit then penalizing me for using it.
I agree 100 percent!. You make 1 payment late in a year, and your score drops 20-30 points! You pay on time for months after that initial late payment and your score either doesn't move or goes up 1-2 points. My son paid off his car loan. Had an 800 score . His score dropped 30 plus points because he paid off his vehicle!!
To be fair, many Americans have fallen short due of this administrations poor policies and the Feds lack of transparency! We all know the game that’s being played! Don’t sit up here blaming hard working Americans living paycheck to paycheck smh
Yep inflation is sky rocketing and wages are staying the same. Causes people to scramble to try to make more money.
Stop using credit cards
still attempting to blame others, the problem is you.
@@Lexsoufz nope actually it isn’t! No debt. Registered nurse who works my ass off to be debt free! Im responsible and im focused on tangible assets and staying debt free! Now go worry about your debt loser!😘
@@SWOTHDRA dont have any! Just make sure you pay off yours and be debt free😘
Do you mean like taking a 6 figure student loan and expect tax payers to fund your bills? I own my house, drive older cars that I own. I owe zero on credit cards but I’m suppose to bail others out? NOPE, NOT DOING IT. I PAID FOR EVERYTHING I OWN IN FULL.
You've been doing it since you've entered the workforce, whats changed?
But you *will* do it if Mr. McGoo gets his way
As a millennial I agree. F these people. You took out the debt, now pay it back.
Lol, well. When it sinks, everyone sinks. Let's see if your position stays the same.
Domino effect is already in process
@@jaamallno one paid off our generations student loans. But hey maybe we didn't take gender studies either or other stupid things. But we weren't as indoctrinated either.
FICO is used against a consumer on many levels. Auto insurance charging rates according to a FICO score is one big example.
Then don't spend more than you can afford and your FICO will reflect it. Why should insurance companies take a chance on you if you don't pay your debts. A person in debt also reflects how a person lives. It tells a lot about a person
@@bellaclyde imagine running cover for one of the most slimiest industries in existence 🤦♂️
@@FutilityOfReason That's not running cover. That's fact because actuaries don't go by feelings, they go by cold hard numbers. High unsecured debt reflects low intelligence and poor judgement therefore higher risk. Smart humans are lower risk customers. Debt is an informed adult choice. People without ruthless self-discipline had better be rich so they can afford to be foolish.
@FutilityOfReason just be more responsible
@@FutilityOfReason you can make as many excuses as you'd like to make yourself feel better but facts are facts.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I appreciate this. Out of curiosity i searched her name online and reviewed her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Although I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish.
She often interacts on Telegrams, using the user-name...
@FrancineDuguay .
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
The internet is filled with so many useful information about Francine Duguay crypto….
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
Sadly we the people cannot print money to pay our bills.
bills as in new TVs and expensive clothes?
@@cmonz9alot of people are naturally impulsive and influenced by the media, especially young people, its biological. Thats why marketing and advertising works, companies wouldnt do it if it played zero effect on people's spending habits.
@@cmonz9 Nah, I think they mean the sudden emergency room visit for 100,000$ because you slipped and fell.
@@cmonz9are you standing up for the system? So you’re saying no inflation exists?
It all comes back to government spending and money printing
During the 12 years of 'education', most people receive in America, when are students taught about money? It's no wonder they're in the position they're in.
Aww no they weren’t taught that in school
When American students are taught about $ in K-12 = When they learn it from their parents at home or teach themselves when they start working and getting paid for it or start saving for a big purchase in high school or Never.
It's not taught inside the schools unless you're the 1 kid who figured out how to sell something to other kids and run a profitable business. 😂
The only context money is taught in public schools is how to make change at the cash register.
I went through this as a stupid spender in 2007 and 2008. I finally put a stop to it and owned up to my being a money spending junkie. I went to a company that takes an amount every month and pays your bills and you rebuild your credit over time. Nothing is free but the chance to screw up.
Crazy how you have to pay it all back when it’s your mistake right, yet banks and businesses get bailed out with our money. Define insanity…
Sounds like the system is working as intended
Consumers consuming in a consumeristic economy. Sounds about right!
What’d you except? Look at the policies this current administration is pushing.
People have a hard time adapting their habits and lifestyle, especially when suddenly, steak prices are double what they were just a few years ago… inflation is no joke.
All three stock market indexes hit all-time highs today. My 401K is very happy.
Biden ‘24 🇺🇸💪
@@sthubbins4038 you are a prime example of the old saying “you can’t fix stupid”
The wise live below our means and have no bad habits to adapt. The smart live well below our means when times are good and do nothing but prepare for inevitable bad times. I learned from my relatives who came up in the Great Depression. Many, many Americans are doing just fine but we don't make the news.
Don’t blame the government for dummies buying dumb shit
@@ericyoung7743 Like how you get angry at a great stock market. 😂
Should be taught in school
Schools don't have good spending habits either.
It is, or at least it was at my HS
Hey reminds me of the 2008 crash all over again.
I'm reminded of the word "subprime"
Most people are broke, I haven’t had a job since 2019 losing my 6 figure job. I wonder how people survive
How have you survived?
Maybe because you can’t spell correctly.
So tell us, please. Obviously you've been doing it for years.
@@AxxelX5 freelancing
Umm… dude that’s crazy. There are plenty of jobs.
People feel like hamsters on that exercise wheel. You keep moving your feet, and can't slow down or everything falls apart. No raise at work due to high costs, groceries, gas, medical, taxes, fees, everything going up. Credit is the only way to pay the Dr & medicine when you get sick, just so you don't miss work being sick. When rent goes up or landlord sells......your're homeless.
Pbd ... please show the oxford union debate with nancy pelosi. It was spectacular
Why? Do you think that PBD is different than Nancy? He’s not! He hired Cuomo knowing what a pos he is! PBD just wants 💰 lots and lots of 💰💰💰💰💰 Everything else is just a front. He’s a fake!!
Comedy 3:53 "You chose to use it, You chose to go buy those gifts during Christmas you couldn't afford to buy"
My wife and I have completely rid ourselves of any credit card debt with the exception of one that is interest free until end of next year.
The only debt we have is on our house, one of our cars and my student loans which all have fixed interest rates.
The credit card interest rates are out of control.
Same. But you those zero percent purchases can get out of hand too. We replaced our ac and washer/dryer on zero percent and I hate having it hang over our heads. But it does allow us to get 5.5% on our savings as we pay.
So you are still in debt, dont talk pls
I think it's sad now that I can't tell if someone is being facetious or a genuine window licker. I'm going to give Ryan the benefit of the doubt and say he's being a funny guy.
Statistically speaking, the answer: "Spent more than I can afford" is incomplete and needs further stratification.
There's only possible ways why an individual would choose that answer:
1. I overspent consciously knowing how much I could afford on non essential things (video games, alcohol, entertainment)
2. I overspent consciously how much I could afford on essential things (groceries, rent, gas).
While a lot of people may be illiterate on personal finances, you guys (PBD podcast) have discussed topics on how the current state of the US economy is impacting the lower and middle class, thus making your analogy incomplete still.
It's a lay-a-way plan of sorts in my perspective
If you've ever been SSI of SSDI you learn really quick how to budget and know what you can and can't buy.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
You're right
That is why I had to start forex trading 2months ago and l now am making benefits from it.
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Eugene Murphy. A widely known crypto consultant
YES!!! That's exactly his name (Eugene Murphy) so many people have recommended highly about him and am just starting with him from Brisbane Australia
Mr Eugene Murphy is obviously the best,
I'm so tired of Cuomo being on here
💯 the guy is a fraud.
@@KorHi0 And a total hypocrite.
This is my last unsubscribe!! PBD is money hungry Fake. Unsubscribe & actually go BLOCK HIM and all of his channels and all of these clowns who are just here for the payout - just like Cuomo!! BLOCKOUT2024!
Dont know *WTF* PBD thought bringing that shill onboard
Get him off
McDonald's is now McRipoff.
Anyone who spends thrir money at Mickey D's deserves what they get. Spend your money wisely. Quit making Bill Gates richer.
I have a 760, everything is paid off, I grew up in Compton and I'm only 37. I didn't get my first credit card till I was 33
I owe $1200 between Klarna and Affirm. I bought needed furniture.
Affirm changed 35% interest. The only way I can reduce interest is to pay it off early. That is hard to do. The payments feel like garnishments to my checking account
This has actually been one of the best things for me and help me survive. But I strictly stick to the paying for methods not karna that lets you drag it out for a year. And I don't know how many people get in so much trouble because if you perceivedly can't make the payment every two weeks, then don't do it. I've had to get tools and equipment to work on my car that I couldn't afford all at once so I used paying four and it helped me on the front end and then that I didn't have to pay somebody $300 to do my breaks. I just did them for 80 bucks myself.
Yes, I'm on SSI and used affirm to buy needed items at times such as tires, auto parts I couldn't afford paying for all at once. If you use it responsibly you have no trouble.
I love this content. It’s life changing for a man in the pursuit of happiness and financial freedom. It all humbleness I can’t not tell you how Adam’s commentary takes away from this platform. I’ve been quiet for 2 years. He lost me after his slick Latin accent.
Part of the problem is massive inflation which occurred over the last 4 years. The other part is a large percentage of Americans living way above their means because they are trying to keep up with the Joneses.
Credit scores are a scam in themselves. You miss 1 payment in a year and your score drops 20-30 points! You pay on time for months after that initial late payment and your score either doesn't move or goes up 1-2 points. My son paid off his car loan. Had an 800 score . His score dropped 20 points because he paid off his vehicle!!
I invest in physical gold and silver. Most online dealers now take BNPL payments??? Huh
I stupidly bought a wet saw so I could do a job. I ended up not paying off the entire loan when I finished the job. Took a loss, and I'm still trying to pay off the loan. I put all the blame on myself, I got the loan hoping for the best. Im not shifting blame but maybe not let these loans happen as frequent
If you couldn't have gotten the loan you'd be mad as well.
Salaries aren’t rising in America. Government employees are underpaid over 27% and I’m sure the same for private sector , how can anyone save money right now ? It’s a joke
While the gov't all give themselves a 21% raise every time Ukraine gets a new package. So of course they do not feel the crunch.
Government employees underpaid? Huh?
@@JeffPresley-un8ox correct. 27.54% to be exact
The actual workers are very underpaid. @@JeffPresley-un8ox
I’ve worked for state governments in three different states. Hiring wages are low when compared with private sector jobs, but Federal Government jobs do pay better. Federal jobs are a tough nut to crack. I, at one point, tried to get interviewed for a federal job without success. I finally went to the office of my US Representative in Congress and spoke with an aide to the congressman. A month or so later I was sent a letter indicating who to contact and to let him know if I encountered difficulties. It was signed by the congressman. By that time I had already secured a satisfactory position elsewhere and didn’t follow up further. Federal jobs are like being in a club and they restrict access. But once you’ve gained access, you have access to other government jobs that you would never hear about otherwise.
Dang it Tom! Stop calling me out!! 😂
US Government has set up a good example to its citizens who just omitted learning that they don't have FED to print money and accept their checks/IOUs.
3:02
This guys face right here?
Hilarious on every level.
I’m glad I live the cash life. I learned a long time ago to live within my means.
When I bought my house as a divorcee, I could have bought a bigger house but reality set in and I realize I was going to be an emptinester soon and I bought the affordable house not the bigger house.
Pardon me for going off topic, after watching Tulsi on Joe Rogan about the horrific lack of real help from the Government for the people of maui , and how the situation their is no longer being talked about. Our Government is so quick to assist other countries but slow and sometimes unresponsive to taking care of Americans and the lack of any accountability of their actions or lack there of.
Right, its sad to see all this unfold.
gov caused the maui incident, why would they help them? lol, catch up.
responsibly on every level, discipline on every level. its not what you make its what you keep.
ya im constantly seeing people online complaining about how they work full time and cant afford to live. yet, everywhere i go i see businesses that sell non-staple product and services being busy. is it harder due to inflation? yes. but 95% of people dont even think about all of the unnecessary things they spend money on. people also act like income is based on luck too. our society has pushed out personal responsibility, which is a huge problem
Gotta love the Vinster.
Hello guys! Can you post the link of the BNPL news? Thanks a lot☺️
Thank you, finally someone talking sense. People should take responsibility for their own actions, like getting themselves into debt....
But what % of Americans are using bnpl? Something I read says it’s up 56% this year. Not good. What does this lead to?
a low credit score has nothing to do with how much you spend on credit . its based on how much debt you have and payment history.
As you tube channel "Minority Mindset " calls it, Broke NOW AND Broke LATER !
The banks( money lenders) love it - if you can’t pay,no problem your kids can, no can’t,no worries you Grand kids can- the banks love , keep paying back for ever
I love how we're are judged through credit scores but not the government....
SOS gets it.
Crazy
Ive all but given up for the time being. I’m working to survive at this point.
I'd suggest these folks are just struggling to stay above water. What should they do? People do strange things when in crisis, thank you, Joey !!!!!!!!!!!!!!!!!!!!!!!!
Don't challenge Joey for a Push Up competition 💪😉
Bet on Bet David ! Hi Hunter 👋
We have a serious lack of personal responsibility in this country!
I owe nothing to no one since 2010 except the monthly lights gas etc.
Consequences of a dying currency
Tread lightly
Phantom debt?Isn't that just old debt not owed anymore?
Problem is health cost money
Food is high
Rent is high
BPL is some people last resort for ends mean sadly .
Its easy to speak when you have money . There people i know that needed 30k in dental . Surgery for their health that why their in debt .
I personally have barely any debt but my credit score never moves . Credit score is fraud . An interest rates are a scam . I could debate american economics all day .
6 figure earner with comfortable savings - I always do buy now pay later. Free interest on purchases spread out over a month; if the purchase is reasonable and you have the funds, it’s a no brainer.
Maybe our government should take this class because they don’t know how to curb their spending either.
The masses and government don’t know how to manage money.
I drive by a 200k welcome sign on the side of the interstate everyday. Such a waste of taxes. It’s not even a state welcome sign, it’s a sign for an unofficial community.
Why don't we have Friday night debates between the brightest minds in the nation?
I feel like ya'll arent getting the word out that Chris will be debating Dave...
So we should all short Affirm and other alike companies?
This is not only in the USA - but a global issue. I call it CONVENIENCE LIVING or Keeping Up With The Joneses. - Friend has new phone, so the old Buy Now Pay Later Pops Up - free money to get things now :( Later the costs are double or triple the price paid.
Guess who’s not living like that? PBD and his buddies including new guy Cuomo. They don’t care about people. They just want the money!!
Not with Klarna and its not really global. In the US its a double whammy because you people dont know how to spend what you actually have. If we globally ban credit cards, then the US would tank within a day. Not so much my countey, where you cant even do groceries with a credit card, only with debit......aka actual money that you have
@@SWOTHDRA Yes in my country they are also pushing for Cashless Society too - however there are so many ways to get credit on purchases. Not just major purchases but for disposable items. There are so many other ways people get into debt. Pay Day Loans or those Buy Now - Pay Later Deals. are the next demon in many family incomes & whilst I have never used them have seen people get burned on fees. Cash Advances via credit cards to buy daily living supplies is also credit. Decades ago I bought my first IBM PC - It was interest free but had some fees for 12 interest free credit. I had it paid off in 3 months but the fees were horrendous. My friend got the same deal but with late fees & other costs he paid a 50% penalty. As a veteran accountant & volunteer financial counsellor, things are getting worse. Companies are going up globally but people are still wanting the same lifestyle. I have not worked for wages for some 30+ years but I recall the struggles of counting every dollar too.
The mentality of those in debt see the TV add's on how Companies can reduce their debt so to them its free money
Me .. hit with hospital, surgery, dental mouth rebuild, on medicare..debt $7,000
in a few weeks!.. and you can never pay that off.
The result of people not saving and investing for their future will be the government trying to take anything I want to pass down. Im 37. It's time to figure out what happens if I croak. How can I minimize "inheritance" taxes for my daughter
Consumer debt is the Devil
Insane
I'm worried what's gonna happen in 20 or 30 years when social security is tapped out and people who never invested or even really paid into social security are to old to work
This is a remarkably uninformed conversation.
BNPL has significantly lower delinquency rates relative to credit card companies. Affirm has consistently shrunk its delinquency rates through some of the most advanced and actively managed risk modeling there is… their delinquency rate is 2.3%.
BNPL is displacing traditional credit cards because it’s far more favorable for creditworthy borrowers who are essentially financing large purchases with di minimis interest or penalties. Do you prefer your 20%+ interest credit card?
The best credit score is no credit score. I'm currently 90% in cash and can't wait for the fricking market to finally crash.
cash may go worthless. hope you have in high interest savings...
50 % of americans invest?
I call bullsh
More people are living paycheck to paycheck Adam
He's a Jew he wouldn't understand
Most people who work have some type of retirement account.
@@sthubbins4038 some people do. Not all Businesses offer 401k retirement accounts to their employees. I mean unless the Employee has their own IRA retirement account but most people don't have that. So yeah a lot of people do live paycheck to paycheck unfortunately.
@sthubbins4038 retirement 🤣 🤣🤣
You got jokes.
Just looked it up. 55.4% of Americans have an invested retirement account.
Buying luxuries instead of sacrificing.... the first mistakes. Lack of hard work, good habits, and dedication follow.
Same thing with houses. Ppl buying after they added $100k on houses after Covid. And I know ppl who still get approved for a loan up to $300k. And they only make $77k combined. Then they all want new trucks and cars. I get that we all need cars and homes. But the math don’t add up. I have a buddy who got a boat and new $80k truck and wife’s new jeep. They been living on credit cards and banking on Over time. No more OT. And now he wants to sell truck and jeep and boat. Bro, but that’s the majority of ppl I know
I owe zero on credit cards & stilluse BNPL $ pay before deadline
Thats the way
I got my shirt and Hat, Thanks PBD!!!
Boo. You’re still buying their schtick?? PBD is a Fake who just wants 💰💰💰💰. He showed his true self when he hired Cuomo!
The problem is most people don’t understand and/or follow one simple skill… How to balance a budget. Most people spend everything they make and do not live within their means. One emergency 🚨 and it’s over. The government is the same way, just fyi
A financial credit score is worse then a social credit score......
I used affirm a few times finally paid off the last one early have 3 credit cards left then it's just my mortgage never again will I have consumer debt
It’s up to each company to run themselves.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Inflation is over 10% , but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'MICHELE KATHERINE SINGH' for the last five years or so, and her returns have been pretty much amazing.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Credit scares are BS!
You must address the fact that the credit reporting agencies constantly send consumers emails and text alerts selling them new credit cards...and Personal loans.. This is predatory .. The credit agencies are bad actors all the way around.
Don’t they know about Cause and Effect?
There r people out there spending money, like our own current government is spending taxpayers money
An additional problem is we currently have an administration who thinks people with rock-bottom credit scores should just get more money
Its on BOTH parties at the end of the day, you give out loans that people cant afford, you should lose. Why is responsibility only on one part of the 2 in a deal?
What is that green tea you are drinking PBD?
And here we go……
Wait a sec… not reported to credit agencies? I like 😊
Payed off my credit cards today only time I used them was for a rainy day when I was transitioning jobs. I will never use credit lines and cards again. I’d rather keep a mediocre credit score build it up with small loans, as appeased to it dropping 30 points every time I swipe a card. Americans making poor financial choices.
Spoken like true entrepreneurs. We advertise to you the ppl and now it your fault we spent billions on advertising directed at you and now it’s your fault. WOW.
🌷💛No need to stress... everything will be just fine !!! 💛🌷
@Valuetainment Your Credit Score should only be impacted by your payment history.
So you’re telling me that none of those guys on that panel have any debt whatsoever and their credit card balances are zero every single month? I know PBD has no debt because he’s worth half $1 billion but Tom Ellsworth, who probably makes a couple hundred thousand a year has absolutely no debt. His mortgage is paid off??
It's like the subprime mortgage fiasco. Where are the monies coming from to fund these fly by night BNPLs? That requires massive capital investment. You need to dig back beyond the superficial consumer financial layer to see the real risk. It's the banks financing bad debt. Again!
The banks were saved by our money, they owe us