In this video, Keith Wright breaks down some tips to help you pay off credit card debt while saving time and money on interest.
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Chapters
0:00 – Intro
0:32 – What is debt consolidation/Credit card interest rates
1:22 – #5 Payday Loan
1:57 – #4 Personal Loan
2:34 – #3 Personal Line of Credit
3:09 – #2 Balance Transfer
3:48 – #1 Employer Sponsored Retirement Plan Loan
4:34 – Outro
Intro Music: KY
Background Music: T-Reg
In Loving Memory of Maurice Dwayne McIntosh II
All Rights Reserved. K. Wright Holdings, LLC. 2022
I’m $46,000 In Credit Card Debt and Tired Of It!
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How To Get Out Of Credit Card Debt Review 2022? Best Navy Federal Credit Cards To Get Out Of Debt?
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How do I get out of debt with no money?
Whether you work with a credit counselor or on your own, you have several options for eliminating debt, known as debt relief:
Apply for a debt consolidation loan. …
Use a balance transfer credit card. …
Opt for the snowball or avalanche methods. …
Participate in a debt management plan.
How can I get out of debt fast?
Track Your Spending. …
Set up a Budget. …
Create a Plan to Pay Off Debt: Try a Debt Snowball Method. …
Pay More Than the Minimum Payment. …
Consider Balance Transfers & Debt Consolidation. …
Renegotiate Credit Card Debt. …
Create a Family Budget. …
Create the Best Budget to Pay Off and Stay Out of Debt.
Can you go to jail for being in debt?
You cannot be arrested or go to jail simply for being past-due on credit card debt or student loan debt, for instance. If you’ve failed to pay taxes or child support, however, you may have reason to be concerned.
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Key Moments In This Episode
00:15 How To Get Out Of Credit Card Debt Review 2022?
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It’s that time of year when we all make promises to ourselves about getting out of credit card debt. It’s time to take yourself seriously. Credit Cards are instruments of modern financial slavery and the sad truth is most of us do this to ourselves. Nobody forces us to rack up credit card debt. We usually justify it to ourselves but saying “I deserve this” or something like that. But the truth is the things we put on the credit card rarely buy us any happiness and serve only to force us into working for someone else’s benefit. So it’s time to make 2022 that year that you finally took yourself seriously enough to control your spending and free yourself from the slavery of credit card debt. You can slow the bleeding by getting yourself a new card that offers 0% interest on balance transfers for 12-18 months and no balance transfer fee. That buys you time. But the real work to be done is to get that spending under control!
#GetOutOfDebt #CreditCardDebt
??? A tutorial on the differences between debt consolidation vs credit card refinancing.
Table of Contents:
0:00 Overview and Introduction
0:19 What is credit card debt consolidation?
3:45 What is credit card refinancing?
7:14 When to consolidate and when to refinance?
8:40 How to research credit cards for balance transfer (credit card refi)
10:05 Secured vs Unsecured Credit Cards
One of the most common ways that people consolidate debt is through a balance transfer. How does it work?
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I Have $70,000 in Credit Card Debt!
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Getting out of debt on your own isn’t easy. There are so many solutions you can use and they deliver very different results depending on your financial situation. What worked for your neighbor may not work for you because you have a different amount of debt, a different credit score, and a different budget. But there’s a free service that can help you identify the best solution for your needs. This video explains how it works.
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Deciding between a balance transfer credit card and a debt consolidation loan depends on the terms you get, the repayment plan, and your comfort with risk. A balance transfer credit card is a great option if you can get a 0% introductory APR, AND you can pay off the balance before the period expires. A debt consolidation loan might be better if you need a more extended period to pay off the debt.
So, when thinking about debt consolidation, you need to think about these things:
1. Are you just kicking debt down the road? Meaning ae you paying off debt by taking out more debt? You have to lower your spending and be committed to not accruing more debt as you work on paying off
your debt.
2. If you have a low credit score, you probably won't be able to get a lower interest rate on the balance transfer or debt consolidation loan. So, first focus on making on-time payments, paying off debt, and increasing your credit score.
3. make sure you have a budget and have found a way for that budget to work successfully in your life.
Now, of course, I always recommend paying off your debt by buckling down, controlling your spending, and learning about why you are debt in the first place. Addressing and understanding why you go into
debt is critical if you want to make changes to stay out of debt in the future.
That said, when you are facing financial hardship, sometimes debt consolidation can help when you have high-interest debt that is not manageable.
CHAPTERS
Intro: 00:00
What is debt consolidation: 00:54
The benefits: 01:45
How to consolidate your debt: 03:23
Things to consider: 09:55
?? SHOULD YOU CONSOLIDATE YOUR DEBT: https://bit.ly/3e69JAv
?? SHOULD YOU CONSOLIDATE STUDENT LOANS: https://bit.ly/3oy9xPw
?? FINDING YOUR WHY: https://bit.ly/3aJUryj
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?? HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: https://bit.ly/2vQJaO5
?? HOW TO CREATE A PLAN OF ATTACK TO PAY OFF DEBT: https://bit.ly/2wDETxF
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