Simple and doable.
How to pay credit card balance with ZERO additional income
- Thread starter Hey Julian!
- Start date
I disagree. First you have assume the person can qualify for a new credit card. Second zero interest is not really zero interest you still pay more in the end because of balance transfer fees usually 3% Third, getting another credit card is not training the person in debt how to have discipline. It’s giving them more access to the same thing they already can’t control. The only thing a person needs that’s trying to pay off the credit in the video’s method is not to increase their expenses.
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You’re not adding any new interest charges in a nutshell.
Because you are remedial
Ol girl can't add tho can she lol
Simple and doable.
At the 8 min mark
6400 + 1600 = 8000
Not 7000 as she says.....
but i get the message that shit is gonna take some serious time
The fact that this thread was made depresses me.
Her whole style is chump
I'm sure someone told Karen that her math was off in the video.
That fact that she left the video up is telling.
Plus, if you really need that money, you are either going to take it, in cash, back out off the credit card or just use more credit to pay bills.
It's a never ending circle.
The key to paying off a large balance is tightening up on your finances and once you pay on the card, don't use any more credit!!!
That, or if you are overwhelmed, might have to look at bankruptcy. That's what Chump always does.
That fact that she left the video up is telling.
Plus, if you really need that money, you are either going to take it, in cash, back out off the credit card or just use more credit to pay bills.
It's a never ending circle.
The key to paying off a large balance is tightening up on your finances and once you pay on the card, don't use any more credit!!!
That, or if you are overwhelmed, might have to look at bankruptcy. That's what Chump always does.
.... just pay the 400.00 on the card a month and cut that card up. She said pay 2000 on it a month then charge 1600 on it a month bitch that's 400 paid a month.
Brb
Exactly!
I guess what this goofy bitch is trying to get at is some sort of way to manipulate your credit score.
That's the only way this shit would make any sense.
I didn't watch the video, but if you have a rewards card, you can pay all your bills with the credit card and just make sure you pay it off by the statement date and not the due date. That way you don't get hit with interest and then you get the money from the rewards points.
Oh nah the chick in the video was home schooled and is talking about someone who had already ran their card up 10,000.00 dollars and now they should pay all their 1600 worth of bills on the card plus 400 to the card's balance with a 2000 a month payment. If they were getting cash back rewards it would make sense but she is literally just subtracting 400 off the balance each month.
And some how not adding the interest charges from the balance on the cards 10000 or 9600 or 9200 or 8800 or whatever dollar amount. They're still going to charge interest on the balance held on the card.
Oh nah the chick in the video was home schooled and is talking about someone who had already ran their card up 10,000.00 dollars and now they should pay all their 1600 worth of bills on the card plus 400 to the card's balance with a 2000 a month payment. If they were getting cash back rewards it would make sense but she is literally just subtracting 400 off the balance each month.
And some how not adding the interest charges from the balance on the cards 10000 or 9600 or 9200 or 8800 or whatever dollar amount. They're still going to charge interest on the balance held on the card.
Gotcha. Yeah I Am good on watching this...LOL
Nah @letsshoot is right, as long as you keep that card the interest rate is going to keep hitting month after month. After not dealing with credit cards for most of my life I fell into the credit card trap after a friend told me getting one was a good way to build credit, I got 3, I had no idea how MONTHLY INTEREST!!!!!!!! worked, after the 12 month introductory 0% interest rate promotion ended that 22% monthly interest rate started hitting those 3 cards and before I knew it I was in credit card debt. I like most people didn't abuse the card making crazy purchases, the credit card companies get you by charging low payments during that 0% introductory period so people just make that low payment then when the 20-22% period begins you're doomed. If you qualified for one card you're more than likely going to qualify for another one, I was on CreditKarma and they recommended a balance transfer card, something I didn't know about, and that's what I did transferred the balance from my 3 cards to that 1 card with 0% interest for 18 months and was able to pay it off, the transfer fee wasn't but like $200 I think if that much
I’m looking like wait a minute lol
Simple and doable.
I just watched the full video and NO NO NO, I think this might make some sense if she got paid once a month so she has the $2000 to give the credit card company all at once but if she makes $725 every week then I don't see how this will work because of the daily interest she will have that'll always affect the balance, it's like she took the 21% interest charge out of her equation
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