High Interest Loans ROB Your Wealth. Don’t Do That!

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  • Опубліковано 29 вер 2024

КОМЕНТАРІ • 13

  • @Parlaysfordays96
    @Parlaysfordays96 Рік тому +4

    My payday loan is brutal interest rates but needed to do them in order to qualify for the line of credit, hopefully soon! Thanks for helping us all out

  • @Patricia.R.
    @Patricia.R. Рік тому +2

    Thank you for addressing the Upgrade loans vs. credit union! Upgrade is pushed by credit karma... not a good plan of action.

    • @SteveReaves
      @SteveReaves Рік тому +1

      I've figured out that credit karma's recommendations aren't exactly the greatest for your credit.

  • @paletteandeasel5167
    @paletteandeasel5167 Рік тому

    Christy, this individual needs to lower his lifestyle quite a bit, especially if he’s retired. I don’t know what these Upgrade loans are, but they seem ridiculously expensive. This person keeps charging, when he should be cooking at home, avoiding any further purchase and keeping his expenses at a bare minimum. He makes good money but debt is making him a slave to money lenders. He probably has a lot of material items like, cars, rv, boat, motorcycles and such that if he did a Chapter 11 or 13, they would want to liquidate these extra items. It’s hard to live below your means, but the constant stress of debt has got to be terrible. I pray this individual can learn to control his spending.

  • @astikennel
    @astikennel 10 місяців тому

    Just saying, dogs wouldnt like that upgrade fee either LOL

  • @Bamapride1985
    @Bamapride1985 10 місяців тому

    I've had an upgrade "loc" that sounds the same as what he has which they give a credit card to use for accessing it but it turns the balance into an installment loan and they won't allow more withdrawals from it until the full balance is paid. To withdraw cash into checking account, they charge the fee like doing a cash advance so I hope this isn't the same thing he has bc wouldn't be able to withdraw the funds back out even tho they call it a line of credit

  • @daisyprentice3276
    @daisyprentice3276 Рік тому +2

    Just a quick question… iv searched everywhere on UA-cam for velocity banking in the Uk but No one ! Is taking about it only a handful people in the us talking about.. is there any reason for this do you know .. Thank you

    • @VanntasticFinances
      @VanntasticFinances  Рік тому +4

      My guess is…They wanna keep us poor! This is a strategy that the wealthy use. We were not taught this is school, or anywhere. God sent wisdom ❤️…thanks for watching!

  • @ad6417
    @ad6417 Рік тому +1

    Some people will never lower their lifestyle no matter how much debt they go into. They feel entitled to that lifestyle.

  • @lorealdrayton6164
    @lorealdrayton6164 Рік тому +1

    #bankbailout

  • @SteveReaves
    @SteveReaves Рік тому

    Face down in debt? Keep it tight? Sounds like an euphemism for taking it from the business end.

  • @TheCraftyMamasita
    @TheCraftyMamasita Рік тому

    What is the best strategy for these type of loans when you don’t pull out any money from them (after the initial payout) but only pay what they calculated for your monthly automatic repayments?