I’ll be debt free by the end of the year. I was 30k in debt back in 2020 😁

@TommyBryson

Жыл бұрын

Let’s goooooo

@ttlynn3213

Жыл бұрын

CONGRATULATIONS!!! Keep it going!! 🎉🎉🎉🎉🎉

@breynoldssr3703

10 ай бұрын

What did you do to get it paid

@CheeseSqueezer

9 ай бұрын

Nice. Im 17,000 in debt.. Im so stressed. Curious, now that I have a job where I can realistically get it taken care of with in 2 years.. how much will my score go up? I have a 675 now. Never been late on a payment

@aquianstanley3909

9 ай бұрын

That's amazing 🤩

CREDIT! Speaking as a former customer service agent for TRW (now Equifax), please know that Tommy is giving out very informative and helpful credit advice here. Let ‘em know Tommy!!👍🏾💰

@bigvalley4987

9 ай бұрын

Thank you for giving that stamp of approval. You would know after working with a former “Credit agency”💯💥💥💥💥

@bengaogunode9524

7 ай бұрын

what if I am already sent to collections

@berhaneadmasu1356

4 ай бұрын

10:02 ❤

Ill be debt free by march 2024 I started 42k in debt 3 months ago 😁

@shadow1910

2 ай бұрын

did you pay off your debt?

I'm doing the snowball method, it just so happens that my smallest debts were also costing me the most in interest lol. Just one more loan and I'm done!

@ScarlettNuvvoTV

8 ай бұрын

What’s the snowball method?

@poorlittlebiker6476

8 ай бұрын

@@ScarlettNuvvoTV paying off your smallest debt first regardless of interest rate. Mathematically it doesn’t make sense, but emotionally, paying off those small debts gives you the little victories you need to keep pushing to pay off debt. The avalanche method is when you pay the highest interest debt off first

@rynwallis

2 ай бұрын

@@ScarlettNuvvoTVit’s a very good method if you do it correctly.

@rynwallis

2 ай бұрын

@@poorlittlebiker6476 Snowball method is great! How did you get on?

Hate how I barely found this video I’ve been feeling so stressed these last few months, I’ve been avoiding my friends cuz I’m extremely broke from all my money going to credit car payments, I should’ve called instead of avoiding, thank you for this video !!

@rynwallis

2 ай бұрын

Did you manage to pay your credit card off? Lots of strategies out there and if stick to them, they will help.

Tomasito, CREDIT! I too did the most unbelievable thing of having high credit debt, many years ago, but thankfully I paid it all off and I no longer use my credit card unless it is for an emergency. I have not had any debts in years. If I can do it anyone can.

thanks man im currently in debt around 9,000 with no job, but i know its not impossible, i can do this, thank you again, gave me peace of mind

@Astrid-cc3mg

7 ай бұрын

hey, how are you doing now?

Excellent advice! Snowball method does work. I paid off my credit cards by throwing the kitchen sink from smallest to highest debt.

Credit. I'm on it now! Great video, thank you! Made a lot of sense.

For everyone reading this, I started a hardship program and it was the best thing that happened to me

Love your info it’s a breath of fresh air

Tommy this video is the bomb! It's a buffet of good info. I'm proud of you! Stay safe in Puerto Rico. ✌🏿

This was easy to follow and very helpful! Thank you!

Thanks for the advice. Great video

Writing things down puts everything in perspective!

This is great advice. Tysm. I'm choosing the snowball effect bc I hear so many financial advisors recommend it. Plus for me it takes the stress off.

@rynwallis

2 ай бұрын

How did you get on? The snowball method is brilliant.

Credit. Thank you so much for all the information. Very nice video

Credit. Thanks Tommy! Great post.

Credit ! Thank you for the valuable information

Thank you so much for this. Due to bad money managing decisions on my part, I’m now in debt, and recently I’ve found it very hard to find a job after finishing school. I did get a job but it doesn’t start for a month, and the debt is weighing heavily on me. Thank you for breaking it down in such a thorough way.

Great video man!

Great video!! Thank you so much!!!

Wow this is so insightful thank u so much 👏

🙌 tysm- Great talk, concise and straight to the point ✌

Credit- thanks for great content!

Credit!!! Awesome video.

Thank you so so much 🙏🏾 I was doing great with my credit cards until I lost my car and then I just ended up racking up fees because I was depressed and it was like short-term satisfaction. Irresponsible I know but I had the classic “I can pay it off” attitude (delusional) but I didn’t anticipate how hefty the fees and interest would be and now I’m at a point where I can’t afford the credit card payments and my other bills. Anyway, thank you so much for breaking this down

Very Helpful information and advice. Thank you.

@TommyBryson

8 күн бұрын

Thank you 🙏

great tips!

Damn, really glad Tommy posted a fitness video. Found this channel because of that video......Pure gold

That was a very helpful video, Respect !!!!

CREDIT! I agree with not putting more debt back on a card after paying it off, but in my experience some of the creditors have closed my cards for not using them. Others have lowered my credit limit for non-use or for not using them enough. Both of those things hurt my credit score. It's like they don't want you to be responsible with your credit, they just want you to rack up more and more debt so you're stuck paying them forever. I just can't win, lol.

@marcellagamble6633

Жыл бұрын

Sorry to here this

@jt4621

10 ай бұрын

Pay them forever. Just pay them off every time, collect the points or cash back, keep your score good and just revolve the same amount in and out to infinity and beyond. Win/win!

@666dynomax

9 ай бұрын

​@@marcellagamble6633sorry? No credit cards and you say sorry? Dear nobody needs credit cards ffs

@666dynomax

9 ай бұрын

​@@marcellagamble6633you're A mess

@tspen3

9 ай бұрын

What jt4261 said. Use your cards to pay for what is in your budget, ie; based on your income. Then use your income to pay them off BEFORE the statement closing date. Within a few months, you'll start to see your score rise. And some card issuers will automatically raise your limit. You just have to discipline your habits.

Great advice

Thank you, for this video. I been doing, what you and few others KZread I watch, said. It does work

@rynwallis

2 ай бұрын

How did you get on? Did you try the snowball method?

Good Advice. Thank You.

Nice notes, god bless you

@TommyBryson

7 ай бұрын

Thanks 🙏

Very true, Almost every creditor will never consider giving you any payment option especially if they see you are current on your payments.

Great advice, very real world!

@TommyBryson

9 ай бұрын

Thank you

Credit. Great job and info

Credit! Great video and info!

Credit! I wish I had this information years ago. Moving forward, I understand the importance of an emergency fund now.

I don't know if you actually tried this, but I did with Cap One and B of A- the best I got was a one month delay on my current payment, which doubled the next month- pushing me further into debt. Neither were interested in long term solutions, did not seem to care if I defaulted, which is what happened. I just quit paying because I had no other options due to minimums that grew sky high and made it impossible to keep up. I'm just waiting for them to do their charge-offs, then deal with collection agencies, where I will probably pay 5 cents to each dollar owed if they can prove they actually own the debt.

Great video!

@TommyBryson

Жыл бұрын

😎thanks

Credit One Bank will sue you if you default but that credit protection works great. Always get credit protection

@marcellagamble6633

Жыл бұрын

I love my credit card, with Credit One Bank

Credit. Thank you Tommy

I had a hardship and called and closed most of my cards. Worked out a plan with them most of them there were 0% interest until paid off somewhere just for like a year or six months. It all helped because I don’t need those extra cards- I only want one credit card when I’m all done with it. It was very helpful because I had a job loss. I had long Covid and other issues.

Very helpful, thank you! 🙏

Thanks for this video.

@TommyBryson

9 ай бұрын

Got you 😎

Not sure if you have heard about it but look up videos on velocity banking. It will help you pay off credit cards faster than avalanche or snowball methods. I'm starting it now and from what I can tell your balance will drop every month and it's more than if you make minimum payment or little more than minimum payment. It works better if you do one credit card at a time but you can do more than one at a time. Hope this helps someone.

Credit! Thank you so much 🙏🏾

Hi, I watched the video all the way to the end. I wish for you more subscribers because you give such excellent important information to help people and I love your, learn from your mistakes that you speak of.

Good advice

Are you doing okay! Since Fiona ! I hope and pray that you and your family is doing okay! I know you have been there for only a year please take care of yourself!!

Thanks so much!!

many times, the regular reps that answer customer service don't have the authority to do anything much. That's ok, just ask to speak to their supervisor and maybe THEIR supervisor if necessary. I found years ago that one credit card company had a 'special handling department' and only THEY could do anything. They were however great to work with. they eliminated any future interest, and we agreed on a monthly amount to pay back that I could live with and it all went to the balance with no more interest being added on. It took me 4 years to pay it back, and taught me that indeed, on non-collateralized loans, they definitely want to get at least most of their money back somehow! DO get all agreements in writing or emails. get the names of any people you work with and write down the date, time, person, and phone # or department you reached. keep a diary of your contacts, messages, payments you made, (when, how you paid and how much and did it get credited!), until you get to zero balance and get a statement from them that you owe nothing more and the debt is considered paid in full by them and reported to the credit bureaus as, " paid as agreed". We negotiated a new agreement each year, and I got copies or e-mails of everything as we went and kept the files all together. you can do this with multiple creditors, and the ones that are most difficult will get paid last if at all and tell them so, that you are first paying off the ones you can get the best terms from, and that your finances are in rough shape and there may not be enough to go around for everybody! The snowball method is golden.! You get rid of the smallest quickest to pay off ones, shred them and don't get into debt ever again! It's easier to keep track of your money when you don't have all these accounts everywhere. all you need is one debit card and lots of free savings/ checking accounts for different purposes/ expenses/ maintenance funds, etc. nobody ever got rich off of rewards cards, if you can pay it with interest in the future whether you like it or lump it, then pay yourself first and save up the money ahead of purchasing stuff! what a concept!. think of multiple accounts at your bank as your 'online envelope system' Works great! Peace and eventual wealth to all of you.

Thank you!

@TommyBryson

4 күн бұрын

😎

The point Tommy made about ringing back if you get an unhelpful advisor is so good. I have done this with great results!

Wow this is really useful and a very smart strategy. I will try it. New subscriber. Thank you ❤

Credit! I’ve been watching your videos since you had Locs 🎉

You’re looking incredible! ❤

Credit... Great info

The snowball method also lowers the amount of creditors you have the quickest. (Credit)

Thanks brotha!

@TommyBryson

Жыл бұрын

Got you

Thank you This help so much your is the only one that gave me the answer I was looking for. How to ask for help to the credit card companies. Thank you.

Credit! I wish KZread and the Internet had existed during my youth, when I had mountains of debt to pay off.

Brother this is a good video. Tell the world to get outta debt and ditch these cards

I tried them both and snowball worked for me

very good from a young man

This would only work on a small balance. If you owe 20k plus total and your total minimum payments are at 28% Payments are $800 per month and you don't have that, then what?

@MyMusiclover28

4 ай бұрын

100 % correct. There’s no avalanche or snowball method that can help when a person can barely make the minimum payments on high interest CC with large balances. It’s a bottomless pit where you keep on making minimum payments and making no dent on the balance (even my CC statements stated that it would take me over 20 yrs to pay off the balance if I continued just making minimum payments on my cards) The only thing that saved my sanity and helped me get out of debt was velocity banking. I had zero cash flow and most of my CC were maxed out, but by doing the velocity banking method my debt now stands at half of what it was a year ago. It works!

@clydeb7713

4 ай бұрын

@@MyMusiclover28 If you DON'T own a home, this is not an option. Also it can be VERY risky. Interest rates may rise from 5% to 14% defeating the strategy. What if your homes heating system blows up, or you need a new roof because it got rotted? Debt sucks period!

Credit! Amazing!!

Debt snowball is to work on behavior change. It's keeping at it that's hard. It's so easy to feel discouraged , either way, and lose ground on the behavior changes that really need to happen.

Credit, thank you!!!😊

@TommyBryson

9 ай бұрын

😎

Credit!! Made it!

the settlement is great if you have the cash for a lump sum payment in a short amount of time. If you don't the settlement won't work they will not extend those payments out.

Credit. Long-term Team.

Credit! Thanks

I appreciate that he finally got to "get a job or side hustle". A four-hour shift per week at McDonald's or wherever, can net you around $40 take-home per week in many places. That is $2000 per year or $166/month if you work there 50 weeks in a year.

Thanks!

@TommyBryson

6 ай бұрын

Glad this helped

The avalanche method is the one that worked for me. I'm now focusing on paying the last card I owed on, and they are not charging me interest until next year, so I'll be able to pay it off before.

@TommyBryson

4 ай бұрын

Thats awesome. What do you plan to do after you’re done

I had 7 credit card debt now I only have 1 and its very easy to pay back and it helps my credit score. I did it in 12 months.

@TommyBryson

8 ай бұрын

You don’t need a credit score, I closed down all my credit cards once I understood that

Good advice for a small amount of debt. My problem is I used credit cards to buy inventory for my business & now owe so much I can`t pay it back.

@Douglas-ws1fj

4 ай бұрын

Don't sound like a very good business

Thanks

Thank you you are an awesome man , if you run for president I will vote for you, you have class and are educated. Thanks again you gave me hope 😁

Hope you are not affected by the storm. Stay safe

@TommyBryson

Жыл бұрын

Thanks brother

Yes they can they can contact via social media now, they can sue you, and get your wages garnished.

Just found your channel...I luv it! Very knowledgeable 😍

Credit 😊 thank you

Credit. Thank you

@TommyBryson

8 ай бұрын

😎

Hello! I love hearing you! Well, I had my own practice as a counselor. Stopped working because I have long Covid. My husband started a program called National Debt Reliefa year ago or so. They were going to call all credit cards I owed. For some reason I have been sued, they didn’t send it to the collection office. We are in a very bad situation and don’t know what to do.

@bigvalley4987

9 ай бұрын

Did this start after the interest rate start rising.

@cynthiamerryman4422

8 ай бұрын

Velocity banking

@DailyPragmatism

7 ай бұрын

“Long covid” = adverse reaction to the jab fyi. I’m dealing with the same.

Geez, thank you for your time! I do not like credit cards

@TommyBryson

8 ай бұрын

Likewise lol

I know this is off topic but could you do a video on paying taxes on stocks when you make a certain amount.

Good information and i will be using it to pay off my credit card debt. How i go about stocks

This year is the most debt I have ever had :/ I was jobless for almost 4 months and I was using credit cards to get by. Now I have a job and I can make minimum payments but after I do that I’m left with zero cash flow. I’m honestly hoping we have overtime soon. As much as I don’t like doing OT I really need to do it for at least 2 to 3 months and then it be smooth sailing. Sometimes i just want to throw the towel but I can’t. I got myself into this now i must get myself out. Thanks for your advise

@rynwallis

2 ай бұрын

Try a side hustle like Uber or Uber eats to get some extra cash in. How much debt do you have?

You forgot they can sue you and come after your paychecks. Happened to me a couple times

CREDIT! Great video thank you🙂

CREDIT!!! Very informative video 🎉

Some credit card agencies are suing people now if they don’t pay.

HOW TO ACTUALLY GET BAD MARKS OFF YOUR CREDIT REPORT you send them a certified letter demanding an agreement to payoff terms, and demanding that once you pay them off they WILL remove the marks from your report within 30 days. when you get the agrement letter back agreeing to the terms, THEN pay them...if they dont remove the bad marks after 30 days...DISPUTE the bad marks and send copies of the promise letter of debt paid off that you got back from the debtors to the 3 agencies and BAM!! bad marks off...100% Guaranteed EVERY time....THIS is what all those credit repair people wanna charge you 300 bucks to learn.....your welcome.

Awesome

Credit. Great video. Do you recommend paying off credit cards that are in collections?

@TommyBryson

Жыл бұрын

Not without a writing agreement