Let’s talk about debt consolidation loans. Specifically, is a personal loan your best option? How to save money by choosing the most affordable personal loan or credit card, how to pre qualify for these loans without even providing your social security number, how to get a loan with bad credit and some more pro-tips that will really help you tackle that debt.
Debt consolidation can be a great option if you are stuck in credit card debt with crazy high interest fees. Typically, when you consolidate your debt you should expect to save a bunch of money on interest, BUT it doesn’t necessarily guarantee a lower payment and I show an example of this in the video.
Credit cards might be a better option than personal loans when considering debt consolidation because even with bad credit because a lot of them offer the option to do balance transfers and waive the balance transfer fee and offer 0% interest for 12-18 months. For more information on balance transfers and some companies to consider, click the video below
Companies Discussed in Video:
Wells Fargo (Risk Free Calculator)
https://www.wellsfargo.com/personal-credit/rate-and-payment-calculator/#Good
Sofi
https://www.sofi.com/personal-loans/credit-card-consolidation-loans/
Avant
https://www.avant.com/
FREEZE YOUR CREDIT:
https://www.experian.com/blogs/ask-experian/credit-education/preventing-fraud/security-freeze/
https://www.transunion.com/credit-freeze
https://www.equifax.com/personal/credit-report-services/credit-freeze/
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I remember seeing the rates on Avant. I get it though, they’re trying to make sure you’re not getting over on them
Lmaoooo not mathematical. Omg I love this nerd lolll
I love this SO much! I like how you’re showing the differences because I feel like I am NOW disciplined enough to use credit cards but I appreciate how you breakdown with a PL it’s a fixed amount & you can’t get too cray cray with that.
Yeah they lying about that damn “no late fees”. ????
Yessss!!! I love learning these little tricks like taking advantage of balance transfers because of that introductory period. It’s like they’re giving you time to get yo sht together lol
BBB been MIA, but heyyyyyyyyyyyyy
Girl, you are so well-spoken and knowledgeable, that alone keeps us watching your videos! And forever teaching us so much ??????
I didn't know
As always, great info,
Value Value Value. Debt can be the biggest liability in ones life if they do not get it under control. This is the only way this country operates, let's not be part of their leverage, and learn to leverage debt the right way, to build wealth. Thank you for your wisdom.
Another great breakdown! bankrate is the best, I'm always on there when I look at potential mortgages. even though I have awhile bro that! Another great video Krystal, have a great weekend!
Girl, I LOVE me some KRYSTAL TODD but all that math gave me a headache lol GREAT VIDEO BTW.
Great content, as usual!