People on Their Credit Card Debt
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- Опубликовано: 18 окт 2022
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Andrew gets people's take on their credit card debt and their thoughts and experience with credit cards in general. What are your thoughts on credit cards? Do you have any debt? Have you paid any interest? What happened?
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You should react to xqc’s reaction to the downward spiral vid.
What happened to your watch company what was it called?
@@spilledsoju03 im pretty sure it was called Keith Urban's
we wanna see some videos of you working on your free throw
that hat looks in worse shape than my credit card debt
With all the online purchases these days, it's great to have a credit card as a protection buffer. You REALLY do not want your checking account info being leaked, but if someone wants to steal your credit card info and take on the fraud department of a multi-billion dollar company, it's their funeral. You just report the card stolen and mark which charges are fraud and you're done with it, no stress.
This. And the fact that I had to deal with the fraud department of a really shitty bank when somebody took money out of my account made me sway even more towards that as well.
Yeah I agree , I put everything on my Amex and have a backup Mastercard….. I never ever put my debit card out there
One tip I'd give for these videos is to try and ask questions that reveal interesting opinions. When it's something technical like this, you often find people just give yes/no/very-simple-but-reasonable answers to questions. Open-ended subjective uestions like "Is money important?" are going to result in more interesting convos than "Do you think renting or buying a house is better?", which is a fairly closed question with simple reasoning given on each side that doesn't really reveal too much about the personality/motivation of the person being asked, which is really what you are trying to get at with these interviews
No doubt! thanks for the tip
@@LAHWF No doubt.
@@LAHWF No probs. Just trying to help. Love the videos man!
@@LAHWF Look up Tim Ferris how to ask better questions for some nice tips.
No Joe. No.
I paid off all credit cards as well as my car and closed all accounts. I have been debt free for several years, paid for my college in full with money I saved, now I'm on my way to becoming a Veterinarian. Being debt free is the best thing ever I couldn't recommend it enough to others.
You single ? 😆
Why don’t you buy a multi family house now? Your credit must be good. 🤷🏽♂️ think about it and educate yourself on that.
You’ll rent one side and live on the other side. Have a investor mentality instead of a consumer mentality 👍🏽
having a credit card can be a good thing u know
You’re gonna fuck up your score by closing the accounts. You also need credit cards for various stuff a lot of the time like hotels and renting cars. If you want to be a vet you’re gonna go in a lot of debt for vet school. Good luck
@lAcid Rainl Credit score plays big if getting a loan or mortgaging. Buying a car with cash is doable (and is the only way I've ever bought cars), but a house is nearly impossible to buy with cash for 90%+ of Americans.
"i got around 15 grand of credit card debt"
andrew: starts laughing
is it bad if i have way more debt than that? LOL
@@rolandocruz1695 i have a way different response than these people with debt LOL. maybe im just a poor boy from a poor family?
@@jamesweber7537 i recommend you RUclips a video on how APR works
I wonder how they were just given a credit card 🤔
@@Ryan83728 i understand APR and interest.
I think I avoided credit cards until I was 25. My parents were always in massive debt so I avoided using credit. It wasn't until I met my current girlfriend that she convinced me to get one for building a credit score. I just buy groceries/gas with it and pay it off every month.
But what’s the point? What rewards do you get?
@@S0DAo to increase the credit score? future mortgage, other payments etc... unless youre responding to cory lol
@@MrPVids no I’m asking because I have no idea about this stuff and live in the uk not the us so want learn if I should get out a credit card too
@@S0DAo Yep it works the same way in the UK. You want to build up credit score so you can borrow more money later when you need for good reasons (such as a mortgage or a business loan).
You build credit score by regularly paying off your balance and never going into overdraft AND not getting too close to your borrowing limit at any time.
You lose credit score if you quickly open/close different credit card accounts. If you go into overdraft or if you regularly get close to your maximum borrowing limit.
@@S0DAo rewards are an incentive to low iq people to use their card as much as they can. you can capitalize on this if you use a card in a smart way. buy things you already have cash for, and are usually reoccurring. this way you never go into debt. gas and food is a smart way. rewards are just extra and accumulate very slow. its only good if you do it the right way
I've got 5 credit cards, no annual fee, all cashback and always pay them off. Basically credit card companies pay me $1000 a year for all my spending that's within my means.
i have 3 and i have no debt. no annual fees either. cashabacks and great perks.
The credit card companies make money each time you use it from the retailer and you spend 80% more with a credit card vs cash. You are not beating the system
@@gbpackersfan6 80% seems like a bit of a generalization no?
@@gbpackersfan6 unless you go to the register and they say that you have to pay an extra percentage on top of the final price if you use a credit card versus cash then what you just said, makes no sense as long as you pay off that credit card balance every month
@@log7029 he might not be all there or he might not even have good credit to even be able to get a credit card
I once racked up 15000 too, finally paid it off. If I can do it, anyone can!! ❤ wishing everyone a debt free life or at least low interest!! ✨
Thanks Athena! ❤ im 1,500 in debt and it seems insurmountable so i appreciate you
@@smashcut2 you’re welcome!! you got this, literally no doubt ✨
@@smashcut2 i just paid off 8k of debt i had, sold my truck but thankfully i got out of the payment and had enough to pay my debt💯 i feel like a new man lol
@@swagkidm10 It really is an incredible feeling. Congratulations
@@swagkidm10 Yesss congratulations! Thanks for the inspiration, I’m happy for you! 😁
I have a 800 score. And have worked myself all the way down from almost 8K in credit card debt. It’s taken a year which is insane to think about. But once I have this paid off I don’t see myself using my credit card again for awhile.
My debt is about 63K. No worries at all. Life is good 🙂
Alternatively, you could learn from that experience and leverage credit cards to save money. They can be hugely beneficial in that respect IF you treat them like debit cards. For me, every 6 months I get enough cash back that I can take a vacation for almost nothing. I make sure to use the highest cash back card for each category, and I buy (mostly) only what I need.
But if the temptation is too much then yes, ceasing to use them is probably the way to go. And congrats on the 800 credit score!
I absolutely love credit cards. I’m 24 and have 6. Never paid a penny in fees or interest. But they certainly aren’t for everyone. Unless you plan on paying off your cards in full by the time they’re due, you should not have them. Credit cards have made traveling much more affordable and attainable to me. I’ve gotten over $2,500 in value from credit card points.
You can also just rack up a bunch of money and not pay them. That's the best way to go
For sure, if you’re responsible and treat it more like a debit card you’re paying off after every/every few purchases than it’s 100% worth it. I think a lot of people are just so irresponsible with it and pay so much interest that these companies can give out as many free points to the responsible card holders as they want lol
I use mine for free hotels. Hotels are so damn expensive now
you never payed a maintnence fee or annual fee?
@@oldpoahh Not yet, just got my first card with a $95 annual feel but got the first year waived. Even then I plan on keeping it. I’ll get wayy more than $95 in value from it every year.
My day got better at 7:58 😂 seeing you lay there and say people are more financial responsible than you are was hilarious 😂😂
Hahaha that ending with you laying on the grass was hilarious 🤣. Keep the vids coming, Andrew, love 'em!❤❤
Great to see the channel flourish once again. Great work, Andrew!
I like how relevant this channel is after all the time that it's been made.
Good job on managing it so well.
Credit cards aren't all that bad as long as you're financially literate. They are a very helpful tool especially when it comes to building a credit history so you can qualify for larger types of credits like mortgages.
Glad to see you back on the interviewing grind!
This is fantastic! Honestly top tier content.... too many people have credit card debt!!! Paying 20-30% interest is absolutely insane.
We need a full video of “ohhhhhh big group of friends!!”
Love your vids man! 🤙🏼
dude, these interviews are great! very important topics, nice people, gentle and fresh interviewer. keep it up G
I have $30,000 in credit card debt. When they call, i tell them i can't pay it back yet. Tomorrow i might buy myself a dining room set, or this Boba Fett...credit card debt, credit card debt, CREDIT CARD DEBT.
Credit card debt ❤️
I can't poop in strange places....
TRAIN ON THE WATER BOAT ON A TRACK
The first time I hit delta 8 my ass fell through my chest and Bruce lee took me to Tahiti.
I wouldn't call it debt. I think of it as free money .
As a Dutch person I'm kinda amazed at how American the Dutch girl sounds,
and how not so Dutch her Dutch sounds :D
Aye Andrew, it’s funny how these things work sometimes but I think this mix of your honest and down to earth interviews plus being able to see multiple different people, different takes and different aspects almost remind me of your pranks. Being at different locations and doing interviews seems, in my opinion, a great long lasting fusion that can be maybe a new fulfilling journey in your RUclips career. Much love Andrew; never stop creating.
I didn't know LAHWF was still producing content until today. Good to see you man.
The chick from the Netherlands was feeling Andrew 🤣🤣🤣
I thought I was the only one thinking that 💀💯
@@christianb2937 💀
I’m liking this format, I thought I might share some of my video ideas/topics
People on:
Ghosts/paranormal
Gun Control
Abortion
Their greatest achievement
Vaccines
Privacy Rights
Capital Punishment
Federal Livable Wage
Cancel Culture
Student Debt Crisis
Also some convention type videos would be really cool. Something like what Joe Goes and Kassem G did way back (California on), or like what Channel 5 does now.
Ok on it!
Ghosts and the paranormal would be amazing to hear. Religious questions too, those are almost always interesting.
@@LordJagd i agree
Totally dig these ideas
@@LAHWF For the political stuff, be careful not too hard on one side or the other, otherwise you get hatewatchers and divide your community. To play it safe, you can always say that you're not well read on the subject and are asking for peoples' opinions to see what people think.
these are always a treat
I appreciate you opening a conversation on this! I’m almost finished digging myself out of some CC debt now and it’s crazy how it can sneak up on you.
Haven’t watched this channel in YEARS. Good content.
Yooo I used to watch you in middle school. I’m a year out of college. Great to see you’re still making content. Loved your social experiments. Also saw you pop back up a while ago when you exposed some finance fraud who paid you. At least I think that was you lol
My absolute rule with credit cards. Never buy anything you cannot afford to pay off the same day. I treat any credit card like a debit card, and I only use credit cards that has ties to a bank I have an account in, so everything I buy gives me some cash back or rewards and I can easily monitor spending and transfer funds every time I make a purchase.
Loved the ending Andrew.. hahaha! Keep up the good work man. Best of luck!
Hey man great to see you are still doing stuff
i was hoping that the people would make me feel better about myself... they didn't. but you did! i can't relate more.. we're getting there! thanks, friend!
I have 19grand on one cc, feel any better?
@@jay11111111100 actually, yes xD
@@Emilymay93446 lol glad to help!
@@jay11111111100 Damn bro I could have bought my whole ass car on your credit card!
I had around 8 k in credit cards and loans but just paid them off, had to sell my truck but i killed two birds with one stone. Got rid of my truck payments and debt 💯🙏
I like the old man who said thanks for your time 😀
You’re coming back up dude. Keep at it
I just LOVE the outro. You’re so natural. No fake energetic presentation, just chilling on the grass 😆
1,700 in debt feels like a ton at 22.
22 here and i got 8k you just gotta keep clocking in
You’ll be good pay pay half then pay it off
@@adam2000borunda what are you using it for? Food, apartment, car payment?
My credit cards doesn't even let me use that much since my credit limit is at 1000. I'm at 600 bucks owed and I'm panicking trying to pay it off
@@samanthamorris2744 u got this
your videos keep getting better, Andrew. giving knowledge from all age groups. keep it up dude. been watching since your early pranks. rooting for you to succeed because you're real
Facts!
Greetings from Colombia. I've been learning English with your videos.
Dude nice to see you back, first recommended video from you
Dude this was awesome! Please do more of these!
I am upper middle class, until this year no credit card debt and thanks to inflation I have been racking up the debt, trying hard to get it paid down but so many unexpected expenses and the cost of everything has risen so much.
I got introduce to credit cards at 16 by my aunt. She told me pay it all when the bill is due so you dont pay interest. But later in life I learned to used 10% or less of credit & pay it all off when bill is due (Of course if I go over the 10% threshold I pay it to come back down to 10% by the time the statement period is over. Been like that til today and im 37 now. Thanks Auntie for guiding me to be disciplined to properly use Credit cards.
That 10% thing is more of a myth. You will find different numbers all over the place about what credit unionization percent is good and what’s bad. 10% is a very low unionization rate. Going above 10% on a bill will not hurt your score. You are giving yourself unnecessary stress with such a low number.
@@bensemusx that’s not totally accurate based on how credit scores are calculated
@@bensemusx I've heard people claim 1%, 5%, 10%, and 33%. Seems everyone has their own internal number to stick to, but the lower you set yourself, the less likely you'll trigger the alarm bells at the credit bureau and you'll have a nice score.
Love this vlog so interesting to see how other people live with or without credit great work! 🤣👌🏻
Keep it coming brother!
I only got a credit card to build credit. Even then it probably encourages me to spend more than I should at times. I still pay it off every month though.
Last girl said it well- if you know how to use them they’re great. I recently used one buying something from a random guy on Facebook, he wouldn’t use PayPal so credit card was the next best to give me some buyer protection. He did scam me, but the credit card company refunded me when I provided proof. A debit card wouldn’t have done that I don’t think.
Yeah your bank would have looked you in the eyes and said "Sorry bro"..
I know from personal experience.
Yes your bank would have refunded but you have to talk to them usually call them
You the man, always liked your channel
So nice to have you back! But yes, In debt in Australia too :)
I have 4 credit cards and use each one on different kinds of purchases to get those rewards. End up with a few extra hundred dollars a year by doing it so to me they're great
As long as you know you can make the payment every month, credit card's can be really useful and come in handy. Don't get me wrong, corporation's have a lot of issues they'll probably never work out but credit card's are something you have the free will to use or abuse.🤷♂️
Asking as an European without in depth knowledge of your system: If you have the money to pay your credit card by the end of every month, what difference does it make to do those monthly transactions with a debit, if you have that money to begin with (since you're paying it by the end of the month). So how, can they become in handy?
Scams-wise, i don't know how it works in the US, but in Europe, at least in the country i live in, if you have a scam the bank will return the money, so your money is usually not at risk even when it comes out of your own account.
@@SinisterSaintsExcellion You could use a debit card for small charges like you mentioned - things that you already have enough money for on-hand. But when Americans go to buy a car or a house, 99% of us don't have enough money on-hand to safely buy it outright. So we have to take out a loan to borrow the money and pay it back incrementally over time. Banks that give out the loans need assurance that you will likely pay back your debt and not default on their money. A credit score shows if you have a history of paying back your debts in a timely, reliable manner. If you have a bad credit score or no credit score at all, you will have to pay a high interest rate if you ever need a loan because the bank knows it is risky to lend you their money. They may not even give you a loan to begin with.
Totally agree. I always laugh when I hear people brag about how they never use credit, as if they're financially/intellectually superior. Sticking to cash-only payment in the U.S. is like rolling the windows down in your car so you can save money on gas. It's an old wives' tale. Anyone with budgeting abilities can avoid abusing credit cards while also creating more room for investments. Time value of money.
@@SinisterSaintsExcellion Aside from what the other replies said, most credit cards have incentives in the form of cash back for purchases. Like, 3% on gas, 2% on food, etc. If you use your credit card for everything and pay it off every month you never pay any interest and rack up the rewards. I make a few hundred in cash back each year while building my credit score and not paying any interest so it's definitely worth it if you use them responsibly.
@@ZombiepocalypsePSA Well, regarding big loans, at least in the country I live in, in Europe, banks will study your ability to pay a credit by other means since credit score doesn't exist here. So we don't need credit cards in order to get loans for houses and cars.
Love the video! Thanks Andrew
Lahwf big fan, I believe these interview questions can go hard af when proper directly ie more videos = more adssnse. Best of luck
Credit cards ruined me at a young age.
30 years old, still in debt from dumb decisions @ 18 years ago.
wow, that's actually crazy. sorry to hear that. i hope you pull through!!
Debt consolidation. I really doubt bankruptcy would have hurt more than 12 years of debt you are still playing interest on.
i like credit cards for the pts especially hotel cards but the one thing I hate about em is the delay posting the transaction. It will show up right away on your online banking processing then it just disappears then it repost when its completely processed. When you are on vacation and making lots of purchases you can get carried away and spend more than you actually think you spent because of this.
This is one reason I LOVE my Apple Card. The software is above and beyond everything else with payments and purchases reflecting instantly!
Great video, Andrew!
This is a cool format
I love credit cards. Mainly for the rewards and also 0 liability offered. I recently took advantage of a citi premier signup bonus and got $800 cashback. After the annual fee it’s still a nice $700 you walk with after spending 4K. I already had preplanned spending on a new garage door and opener for my house. Money already sitting in an account. So I just got rewarded for spending I was already doing. Credit cards are a nightmare if you don’t have any personal finance skills or even basic accounting of your checkbook. You gotta be very careful with how you spend your money. Always live below your own personal means and save and invest and stay out of debt. Too many people live lives they shouldn’t be living. 😎 Goodluck to all -part of the 800 credit score club with 100k in credit across my cards.
I have been clawing my way out of credit card debt for 12 years, always close, then life hits me with another setback. Will get out of this trap
Get someone to sweep your credit if it’s already closed or in collections
Stop paying. It disappears eventually if you don't pay
Just came from sunnyv2 video about you. I can relate, I have made some fuckups and it seems I just keep on doing them. Its nice to see thou you have not given up. All the best to you
Love this new series
This was great! I use credit cards for everyday purchases to get points. I generally get about $50-$100 in cash back per month just because I use my credit card. I pay it off every month so I do not pay interest. I will gladly take the $600-$1200 in cash back rewards I get annually.
Credit cards are just another thing to keep track of, that's the main reason I don't have one. I prefer to live life as simply as I can when it comes to that stuff.
the man is back
Congrats on getting some good views again keep it up
I grew up without using a credit card until I was about 24. Always paid cash for everything and stupidly assumed that meant I had PERFECT credit. Turns out it meant I had ZERO credit so trying to get an apartment I had to pay a bunch extra up front. Since then I have used my credit card for EVERYTHING and pay it off immediately. Then I finally decided to finance a car with a loan instead of cash sale like I usually did. Glad I did because come time to buy a house (which I couldn’t afford without a mortgage) I was able to have much better credit and get way better rates. So while it can be a trap at some point if you want to buy a large ticket item like a house you really need to have built up some credit. Just don’t go blow it all and pay interest. Really the credit card companies don’t like people like me because they don’t make much money off of me. Once you get into consumer debt… boy it can be hard to come out of.
I also happen to work in the fintech world specifically with lending. The way regulations are going credit card companies are going to not be able to offer such good incentives as they do now and you’re going to see a lot of new models for credit cards and other types of credit come out. It’s going to get very interesting really soon. Especially with people needing to finance things during economic downturn.
I thought this was incredibly obvious since I was 16. I’m shocked at how many people don’t know how credit or credit cards work like wtf?
I'm 31. I own a 2,200 square foot house on 2 acres of land and I own 3 vehicles and ive never had a credit card. I've also never had a girlfriend for more than 3 months who are also money pits
@@Bennysol well you either have a really good job, great at investing, or got an inheritance. Girlfriends arent that expensive. If you want a house and a huge some of money doesnt just fall on you like this knobhead then build credit.
@@joeydirt420 i come from a lower middle class family. Just grinded at work from 18-28 when I bought the place. Only credit to build were from my auto loans. And it didn't need to be built as I never let it fall to begin with.
Also the last gift I got from my parents was when I was 12. Every thing I ever got was from hours worked from 3 different jobs. Lyft, making pizzas, and construction work. I also don't spend $300 a month on coffee like most people do
@@Bennysol bro your talking to the wrong guy haha. Im 30, Ive been working since i was 14. I dont waste money on any bullshit like coffee, gaterade, smokes. I save it all. I have a house, 2 cars, couple motorcycles, and $60,000 home theatre. But if i said my house and tacoma weren’t being financed at the moment would be a lie. Noway could i have saved another 700,000$ by now to have my house paid off cash. Credit starts at nothing, you need to build it. Noway id have a house if i didnt start building it at 18. That said i do live in vancouver one of the most expensive cities to live in. If i was in some small town in america i guess it could be like you said. Where you live at lol?
As long as you don't spend more than you have, credit cards are awesome. I've probably made over $1000 in cashback from them
The cash back is just to get you to use your card everywhere. They charge merchants 3%ish, so it's nothing to them to give you 1% if you use your card instead of cash. Plus they then sell your purchasing data in order for happy merchants to sell you even more crap you don't need.
Love to see my boy out here. Pretty solid content recently. Nice and simple yet still entertaining.
Also just fyi you don't have to pay your taxes when you file. If you don't pay a few months after you file the IRS will send you financing options with very low interest rates. So don't pay your taxes on a credit card.
Nice OnClouds! Very comfy shoes.
Great video too
Bro, I wouldn’t be mad if you sat down with a financial advisor for an hour and did like a podcast, it’s basically free learning where you can ask all the questions about getting your finances in order
Sounds like he needs a coach. Maybe monthly videos with some one getting him on track. Most of us know what to do, just struggle with executing the task
Good for these do-gooders that haven’t racked up debt. May they continue to be debt free while facing rising inflation.
I was a fan of kassem g years ago enjoy hearing people's input on different things so this is alright. Keep it up
Good questions and really nice people to ask-some channels have the rudest people, all your people were really nice, humble
I have 2, one of them just pays for Netflix and is on auto pay. The other I pay everything with, then just pay it off each month. My credit score is 830. I highly recommend doing just that.
I got dinged paying off the whole balance every month, so now I just pay more than the monthly statement so that I don't accrue interest. Just have to make sure I use them every month.
Lol Andrew you're always so relatable. Love the endings where you keep it real. I wish you interviewed me, would have loved to be the star of this interview for being the person with the most toxic credit card relationship. Everyone in this video way too responsible. That 21 year old talking about buying a house soon, lol what?
Honestly, I feel like it definitely has to do with where they live
ur a legend ❤ I've had cc since I was 18 and think it's important to have and use to build a credit score as well as insurance, why use your money when you can use someone elses. not stressed enough about the severity of it and how quickly it can get out of control. I used to pay off my credit card litterally after every transaction but now I always leave a little bit owing on my credit card and pay about $7 in interest a month as I found that boosts your score better to pay a bit
Paying interest does not help your credit score. That's a stupid internet myth. Stop doing that.
Incorrect. Paying your card balance off once a month will keep you from paying interest and build your credit. I had an over 800 credit score at one point and I never pay interest.
It’s all about self-discipline. If you know you are responsible enough to have it, go on and use it because it’ll give you cash back on purchases you’re gonna be making anyway. Just make sure your credit utilization rate is always below 10%. I always pay it off as soon as the balance reflect into my credit account.
Credit is good for buying hard assets with the money you don't you currently have. Unfortunately, what happens most of the time with credit cards is that the people only buy liabilities with credit and not assets. Handling credit cards the proper way (imho) takes education, a little bit of experience, and error to make credit cards make sense for you!
Are there any downsides to using a credit card for basic needs and paying it off every month? No fee or anything? Because it sounds like an easy way to build credit
There's no downside as long as you keep up with payments. This is how I improved my credit over the years. I would just use it to buy gas or groceries then pay it off.
I mismanaged my credit cards when I was in my 20s and my credit score was terrible. About 3 years ago I decided to rebuild my score. I pay my balance off each month and my score is now in the 'Excellent' bracket. My credit limit has been raised from the initial £200 to £3000. I'm so much better at managing my money now.
I recommend starting off good, getting it raised early, then taking the free money and running. Don't pay for a few years and it gets erased. Then do it all over again for teh lulz
@@dogchaser520 You would never get a mortgage if you kept doing that. In the UK, a bankruptcy stays on your file for 7 years. Of the few lenders who would actually give you a card, no lender would raise it much above the starting credit limit while you had a bankruptcy on file.
@@ohwhatworld5851 The law's likely to be different in the UK, of course. From a very cursory search, it looks like you have similar laws, though. The credit agencies are algorithmic in nature. I don't mean filing for bankruptcy. That's what most people think they have to do. But there really is just the mystery option of refusing to pay. Consumer protections are good enough in many places that there's very little that companies can do but call you and send you letters. And who answers their phone these days unless they know the number already? They give up pretty easily. The key is: 1) don't pay and 2) don't acknowledge the debt. (If you say that the debt is yours, legally, it resets the time until it expires.) It sounds like a magic trick but this honestly works.
@@dogchaser520 Yes the US seems to be different than the UK. The credit card company would sell the debt to a third-party debt collection agency, which would then take our possessions if we couldn't agree to a repayment plan. We would also get a CCJ (County Court Judgement) on our credit file which lasts for 6 years. That is almost as bad as bankruptcy from a creditor's view. Someone with one of those wouldn't be able to get much credit above the very low starting limit on a card. We could do what you propose and game the system once. But once we have a CCJ or bankruptcy on our file, we are fucked.
@@ohwhatworld5851 Sounds like they've got the trap lined a bit better than in the US. Are you sure they'd take your possessions, though? There are a lot of myths about collections that aren't true, and mostly are just spread to protect the elites and the debt-based economy.
Really enjoyed the end😆
I finished clearing out $63k in credit card debts just last month. What a blessing with all this leverage
In 2009 i racked up 40k in cc debt until i said no more im going to screw them i maxed out all my cards to 100k and never paid it, they got judgements but thats it nothing they couldnt do anything its unsecured debt. fast forward to now i have back my 750 score im thinking on doing it all over again just to screw them
You savage
damn can you take me on the private jet?
5:13 these types of moments are exactly what I'm here for
She was definitely attracted to Andrew.
Keep it up Andrew
Got one back in college via student referral. The key is to ask for a small credit line ( Under $10k ) just to keep yourself in check while building up your credit history. The first thing I purchased was a computer to do my college papers. If you use a credit card responsibly it can greatly improve your life. Greatest investment you can make is in your education. You don't have to go to college to acquire an education, you can obtain it via volunteer work along with years of trial & error doing what you love.
Small credit limit helps you stay responsible, but afterwards seek a large credit limit because this helps you keep your utilization low and builds up your score.
I credit card hustle, but the problem most people have is they overspend.
Credit cards reward you for being financially responsible
OOohh just be rich. I get it.
@@sgonged not really, instead of using a debit card use a credit card that provides rewards for different categories and be responsible. It isn't that hard.
If you learn how to use credit cards reasonably, they are incredibly beneficial. I travel the world for very little in luxury all thanks to my points. Learned the game, now I play it to the fullest 💯
The game is rigged and the only people who benefit are good slaves and masters. Good slave!
@@dogchaser520 I would agree that the game is rigged, but I would disagree that only "good slaves benifit". I've learned the rules of the game and now I am using them to my advantage. At some point they may/will change the rules and I will have to learn how to become dominant at the next game.
@@jpknowledge8852 I understand the mindset. But I prefer not to participate as much as possible, personally. Playing their game well is still playing their game. I reject what they stand for: exploiting people and the world for profit, with no regard for anything else. Nah, I'm not on board with that. It's not right. If you're dominant in that game, you're saying, "Yeah, actually, this is OK." I understand that in order to do well, you have to submit to the rules, but I'd rather be a good person.
Andrew is back Woaaaaaaaaaaw
Lmao, I love that at 8:00 you’re lying down feeling horrible about yourself lol.
Dave Ramsey has entered the chat…
Ive worked as a cashier for years and every older person advised me heavily not to get a credit card lmao i'm like scared to get one now
Lol, it's fine if you stay on top of it
Credit cards aren’t the problem irresponsible spending is. Never purchase something on your credit card that you can’t immediately pay off and you’ll be fine.
Nah I have 3 credit card myself and doing just fine. People can’t control their impulsive buying and blame it on credit card company.
Even if you have debt with credit card it’s not that bad as long make extra payments every month. Trust me - you can get ahead further if you use it wisely
Thanks for the advice you all changing my view on it!
I’m a student living on $2000/mo. I have three specific credit cards. Just under $20k in spending power. No debt. One for groceries, one for gas, and one for everything else. On average I make about $35/month in cash just by buying what I would otherwise on the card and paying it off every month. Plus it’s building my credit. When you go to buy a house or car you’ll be paying way more if you have no credit history, if you can get the loan at all. If you’re broke and have discipline it’s an easy way to make some cash. Pays for a tank of gas every month you know.
i love these videos
All pay off your balances ! I gotta try this kind of interview you inspire me!
I remember when I worked at JCPenney we would have to sign people up with terrible interest. Don’t do it!!!!!! I would let people steal to try and balance out my karma; Credit Karma.
Yeah I worked at a clothing store and they would just constantly push you to sign these people up for cards and I felt so bad I wouldn't even push it because I knew it was going to mess people up.
@@SuperErgergergerg I love that you didn’t push them! I would and regret it severely :/
@@AthenaIsabella Yeah don't feel bad honestly at the end of day its their responsibility to know what their signing up for and I'm not a saint I definitely am guilty of signing people up
I hate it too! I try to do it as less as possible, especially doing that to older people sucks cause most of them don't even know how to use their card.
If you're paying interest on a credit card you're using it wrong
Love this guy
My hi water mark was $27,500.
Paid it off. Now $0.
Cut it up.
Now no debt
House paid for
$42k in savings
I wonder how the average response would have been different if you were in a lower income area
It’s a public park in midtown nashville that attracts all demographics
Ask people about black holes next please, thanks
This ^^^^
Depends who you asking. Some use it for fun, emergencies, or using to fund business. Luckily i don’t need mortgage because I’m living with my parents. But the best part is when I’m using my credit card to help my business when emergency occurs. Thats a real saver for me. Mistakes do happen but having a safety net is real thing in doing business. Bought me alot of things to help run the business and also help me buy on things that i wishes. Invest and collect the benefits.
Unrelated question: What's the mic you're using? Some kind of Zoom? I need an outdoor mic. Thanks, man!