Credit Card Obligations / 6 posts found
3.7 Trillion In Consumer Credit- Credit Madness Debt To Our Eyeballs!!!
In this video I go over an article I read entitled The secret to the current recovery is Americans have taken on 3.7 trillion in consumer credit debt. Although I paraphrase the title hear the article shows how the American consumer is spending beyond their means. There is now record credit card debt, student loan debt, and record auto debt. No wealth is being built just consumer credit that will form another epic crash in the not too distant future.
Money Management International Debt Management Program Tactics
In this video I discuss the platform Money Management International and provide a little history of its latest acquisition of Clearpoint Credit Counseling. In this video I also discuss some of the tactics used by MMI to get clients and their Debt Management Program. Although a non-profit they do have some strong tactics that individuals should be aware of.
Fix My Credit -5 Tips On How To Fix Bad Credit…
In this video I provide 5 tips on how to fix bad credit. Tip#1 Find out what’s exactly on all 3 of your credit reports by going to www.annualcreditreport.com. There you can get all 3 of your official credit reports and compare the information. Tip# 2 Obtain a secured credit card. The object is to use the secured account and keep a revolving balance of 31% of the credit limit. Essentially if the secured account has 200 dollars as the credit limit your goal would be to keep a balance of 62.00 dollars. Tip #3 Become an authorized user. Essentially […]
Can Credit Be More Valuable Than Money?
In this video I provide 4 reasons why credit is more valuable than money. #1 You are defined by your credit score not your ability to pay the debt back. As long as you can make the payment they will allow you to have credit. # 2 Cash is used up once you spend it that is all you have. Why credit you can have access to more as long as you are able to maintain a good credit report and consequently a good score. #3 1 Million Dollars put in a bank provides you with ten thousand a year […]
Freedom Debt Relief Is Dangerous…
Freedom Debt Relief-Freedom Debt Relief Company In this video I cover 3 distinct things you need to be aware of if you are looking for Freedom Debt Relief as an option to handle your credit and debt problems. #1 Freedom Debt Relief specializes in Debt Settlements – attempting to see if the creditor will take less than what is owed #2 Ruins your credit report nearly as severe as bankruptcy but without the clean start #3 Charges you a large amount up front and monthly and at the end you will still receive a 1099 if the creditors do agree […]