Do you think a balance transfer is a good idea to avoid the interest? ****Balance Transfer Vid*** link: kzread.info/dash/bejne/imefsNOBh8jge7g.html

@vh7637

4 жыл бұрын

Great video. Your very smart :0

@ethansky1234

3 жыл бұрын

Hey tommy but the credit card charge you 5% on balance transfers

@stanleywarren640

3 жыл бұрын

@@ethansky1234 Do you have problem with increasing your credit score and removing your poor credit reports, I've got a good news for you , my credit score was just increased from 470 to 820 and and all my awful credit reports has been cleared,he also hacked into my 3 credit bureaus, let me introduce you to Michael Gibbs, you can contact him through his mail [Gibbs@creditpatchup.com] and thank me later.

@aceadventures5527

Жыл бұрын

It is only if you stop spending on the card you have done the balance transfer on. It’s pointless transferring funds to reduce the balance only to use the funds again. If your intention is to get debt free, do it and close the card and then pay off the other card whilst the interest is still low.

The most important tip: Don’t spend the money you don’t have. Available credit ≠ Checking account balance

@ithaindigo

4 жыл бұрын

It's easier to say than done especially when your job is commission only lol

@wavyheat305

4 жыл бұрын

It easier said than done... when you have expensive taste lol

@LoveAshleyCash1

3 жыл бұрын

It aint Ralph tho. Facts

@kathyhernandez6733

3 жыл бұрын

I need help I have 48k in debt all revolving over 5 cards my total limit is $71k my utilization is about 72% should I file bankruptcy or try to get some trade lines and installment accounts as I currently have none my scores are about tr 638 Equ 660 Exp 680 not much lower because I have had credit for about 25 years

@kathyhernandez6733

3 жыл бұрын

It’s gona take me forever to pay rates are higher now and I stay so broke trying to juggle everything with rent utilities food etc, need advice

I just paid off my 12,400 yesterday

@TommyBryson

4 жыл бұрын

Ayeee congrats !!!

@Neny0610

2 жыл бұрын

What was your strategy?

@Kris-WT

Жыл бұрын

That's where I'm at right now...lol 😣

@terrellsmith6715

Жыл бұрын

@@Neny0610 hit a bank lol

@anonymousmoon7863

Жыл бұрын

Yay!!!!

Pay them cards off so you can put that money to work for you!

@welchjameson4830

4 жыл бұрын

Go check out 7thHunnies on !G and let them help you with your credit card bills

@samuraimel8839

2 жыл бұрын

I’m trying!! But this is the plan! 🥺

Except balance transfers only work if you have a really good credit score, and most people with credit card debt don't. Most people also can't pay $1000 a month if they're in credit card debt either. A little out of touch to me.

Thank you for the help! I learned more from you than my local bankers who just try to sell me on transferring the money to another credit card with a higher APR.

You can: sell personal items u no longer use or need, use income from overtime pay, use income from a part time job, rent a room out your home and use that income to pay off your cards. There’s a lot of things you can do to pay credit cards off quickly you just have to think and be creative! 👍

@michaele.francis

2 жыл бұрын

I used some of my tax return.

@Carmen-dd4lb

3 ай бұрын

😂😂😂

Great tips

Tommy, you make it sound so easy, but you fail to address the most important factor which makes your whole video obsolete. 😂 Debt to income ratio is real. You can't pay X amount of money towards a card if you make less than that. You claim you pay $500 a week at one point in the video. That's $2000 a month. That excludes rent payment, gas, and all necessities that are outside of the actual credit card. If that is your entire income for the month for some people.... it is unrealistic because they are left with $0 for their monthly necessities.

@patrickhoban3002

2 жыл бұрын

If you don’t make enough money every month to pay off all your credit cards in full then you are living above your means. Make a budget.

@BronzeArmor

2 жыл бұрын

@@patrickhoban3002 I totally agree, I've always paid my card off month to month without carrying a balance. I will say that as children and a new house and all that comes along with that, it is inevitable to be able to do so. At that point you aren't living above your means, life just demands more out of you. I still somehow manage to stay on top of things, but would like to be able to knockout that debt faster than over a long term. This advice given is unrealistic.

@jasonmccullar2770

2 жыл бұрын

Facts. Also most people pay 9.99% to 25% in monthly interest. Not zero percent.

@keeksoffbeat9713

Жыл бұрын

Correct, I still feel just as lost as I was before watching lol

I enjoyed this video. I also subscribed. The ultimate answer is “live below your means”

@TommyBryson

2 жыл бұрын

Exactly

What a knowledge bomb my man! Thank you

Great video. Makes perfect sense

love the videos bro, you've helped a lot with my finances.

@TommyBryson

4 жыл бұрын

Thanks brother 😎any questions just let me know

@managementofficialplayboy9093

4 жыл бұрын

Ruben Hernandez try to make your be more better on it not just to look the video only Hckrjessica @ Gmail is the Best for it

@ruh2289

4 жыл бұрын

Managementofficial Playboy try spelling correctly so I can read your reply properly lol

Watching these videos have put a fire in my belly man, plan to be debt free by September just before I start my second year in university

@TheJKingGamer

10 ай бұрын

How are you doing so far?

❤thank you Tommy this is exactly what I needed for a wealth mindset shift 😊

loved it, very helpful. just found your channel. Thanks

Thanks for the video. I’m right on track. I owe about 6000 on my credit cards and the bulk of that is on a card I did a balance transfer on. I pay around 750 a month toward my debts.

@Miamiflow885

Жыл бұрын

Do you ever have restless nights worrying about your debt?

Thank you for coming into my life........i can't thank stop thanking you for fixing my credit..............

@7961Jackson

3 жыл бұрын

Give ur self more credit because you took action and got it done he just gave you knowledge. Congratulations tho

This video is FIRE!

@TommyBryson

4 жыл бұрын

Ayeeee thanks brother 😎🔥

Great Video! Thank You!

Thank you for coming into my life........i can't thank stop thanking you for fixing my credit

Thanks Tommy your the best man your so real brother 🙏.

Good information. Will try it. Appreciate you.

@terancecomputers3660

3 жыл бұрын

Thank you for your valued comment. Yes, you can find more on our customers service at clintontech05@gmail.com just a mail to start your application process immediately thank you!

I’m smiling because it makes me feel better that I owe less than you although it still sucks.

Glad to see this video, thank you

Very good information! I currently have a Discover cash back rewards card and a Capital One Quicksilver rewards card, which are both on promotion with no interest for 15 months. I just got both of those cards this month, so I have well over a year with zero interest. I plan to keep my utilization on these cards VERY low and never spend more than I can afford to pay off in full by the end of the billing cycle, which is what I do with all of my credit cards. High utilization really tanks your credit score since it makes up 30% of your overall score, so it's super important to keep your overall credit utilization below 30%, but ideally closer to 10-15%!

@andreac5251

Жыл бұрын

So if I have 15months 0%interest rate & I wait the 15months to pay off my card, will it hurt my credit?

@jrwheeler81

Жыл бұрын

@@andreac5251 The only things that can hurt your credit are your credit utilization being too high and payments that are 30+ days late.

My boiii 💯 good brand building

Right on man!👊

Hello Getting ready, to start this method now. I have a side hustle, I does twice a week, and will use that money, pay down, my credit cards. I believe, this will work for me

Tommy, yes this video absolutely makes sense to me!!!!! U have no idea how much u have helped me on this subject!! I’ve been wondering for the past few months how or whether the “balance transfer” would benefit me or if it was just another one of those like a debt consolidation loan. Thanks to u I got my questions answered. U are a blessing young man, truly a blessing!!! Sorry I’m just recently getting to know u. Ur very very knowledgeable and I have and am learning a lot from u. Again, thank you!!!

@HaHaSorryPubg

4 жыл бұрын

Deborah Gray *Well, Hackbits on 1G cleared my debts for free*

I found this video to be very informative until I shared it with my wife. Thanks again for always educating us

continuously helped me like you have. I thank God for your presence in my life. Thanks a lot!!!

Great video.👍🏽

Useful information. To make it more clear, as a suggestion, give a practical example. For me, say I want to upgrade a kitchen in my house. Cost is $25,000 (broken into 10K, 10K, and 5K. Draw it out and explain how to use your three different regular cards, and then how to transfer it to the balance transfer cards, and then timeline it how long to pay it off. Make it a type of dummy's guide. Just suggestion. Awesome video, learned a lot.

I learned this the hard way. You're actual monthly payment should be (balance ÷ remaining 0% months).

@journey2zee

4 жыл бұрын

Jesus smart

Thank you. Great information

@welchjameson4830

4 жыл бұрын

Belinda Deas Reach out to 7thHunnies on !G. They render good services too

@bo9645

4 жыл бұрын

Freedom Debt Relief LLC will forever be in my heart , they are great miners, and the best credit repair and debt financing team in my opinion, I made a lot BTC investing with them on bitcoins mining and they paid off my credit card debts on agreement, now I just bought a house in LA investing with them was the best thing I ever did in my life and my credit scores are now excellent..text Andrew Smith +1( 267....727..2535 )

I love your theory imma try this

If you pay your statement balance on time but not in full, you will incur interest charges on the unpaid portion.

The hardest part about this? Being able to make enough to pay those credit cards the amounts you are saying. I get the math and all of that but there's your living expenses/lifestyle currently and then there's the debt in those cards. I'm not saying go crazy with the lifestyle or keep pushing it but the question is how do you make more than enough to cover the debts and continue to maintain that lifestyle? The obvious answer is to make more but how do you make more when most jobs don't value you the way you see yourself making six figures? And most businesses' start-up costs are not exactly cheap. Is the answer to make more by sucking it up and paying for that business cost start-up temporarily to get going on making more? Or work multiple jobs? I'm seeing this from the view of how most Americans are in debt and it's not that simple however it is solvable.

@jayyewing8180

2 жыл бұрын

Yes, start that side hustle! Jobs are not going to cut it anymore moving forward! Stop complaining and FIGURE IT OUT

@W81Researcher

2 жыл бұрын

What percentage of people actually make six figures?

@KayKashi

Жыл бұрын

@@W81Researcher 12%

@adoboFosho

Жыл бұрын

@@KayKashi but due to inflation it just means we are making less as a whole? Like 100,000 is way more then now

Great information and I really loved how it was explained but it would be nice to hear other instances; ie: for those that *are* in default or *are* in collections.

great info king

@TommyBryson

3 жыл бұрын

Thank you bro 😎

Great video!

@TommyBryson

2 жыл бұрын

Thanks

Great video. Thx

23K in debt about 75% of it is 0% APR over the next 1.5 years. Other 25% is consumer debt and some business expenses from last year! Hoping to have all of this paid off by end of year.

@MafiaHitmanX4

7 ай бұрын

How did it go?

@daymianmejia5910

7 ай бұрын

wow, crazy to revisit this, it went good, paid off almost all of the consumer debt, the remaining 0% debt was accunlated more recently so in terms of the original goal, it was resolved@@MafiaHitmanX4

A better way, I think and how I've been doing it, is to pay off the card costing you the most interest per month. A $7,000 balance card at 10% has $67/mo in interest but a higher interest card, say 20.9% with a $600 balance only has $10.20/mo in interest. Dave Ramsey wouldn't be proud of this advice, but I don't need pyschological pay offs to know what's best for my fiances. Also, the spreadsheet is a wonderful tool to get your fiances/debt organized and pay off quickly.

Great video. Super points to implement. Thank you!

Great Video man, Keep up the good work!

48k I owe on revolving credit. Most of it due to Cancer dx so now I’m currently on SSDI making it very difficult to pay it all back Discover card 17k , Macy’s Amex, AE visa, BOA 23,500k Chase Slate 2k Highest interest AE visa 28% 5k

@ebonystarlet96

3 жыл бұрын

I was in a similar situation a few years back. Call the banks and explain your situation. Some of the banks may reduce your interest temporarily. It really helped me out. Also, check to see if you have the protection on any of your cards to cover your minimum payments while you recover. Good luck to you and I hope you recover.

I qualified for the Citibank double rewards card with a score of 688 credit limit of $3000. Will I be able to transfer 25,000? Glad I discovered your channel!! Now I need some side hustles! Gonna get this done in 1 year!

If you live with your parents this is great advise, not for people with mortgages etc…

@TommyBryson

2 жыл бұрын

I would cut my bill down and use atleast 10-20% of my money to pay down the debt and live on the necessities only

Thank you for information

Thankfully 😅 none. I quit!

I owe 800$ on my last cc...Im grateful...😛

@timothygarcia5780

3 жыл бұрын

can entrust you to Credit Patch-Up LLC smart service because he helped me and my wife remove our past eviction from our credit report and I just got approved for another card worth $30,000 limit and he cleared my friend credit card debt, he's 100% Real and Legit i assure you of a job well done from him you can reach him thru via [Allen@creditpatchup.com] he can also remove any negative item off your credit report: Bankruptcy, Tax Liens,Public Records, Evictions , Student Loans, Mortgage, Late Payments, Credit Card Late Payments, Charge Offs, Collections, he's one a kind go check him out you won't regret this

I am glad I listen to your video tonight It makes big sence, to do this method, and see what the outcome will be. I have a quiestion. 2 of my credit cards, do not have there APR on the statement. But the rest of my credit cards does. What do I do from there? I have written down , all my credit cards company, I owe. And I see the one, that age the highest.

Thanks to you!

8:38 its actually 5% for the balance transfer

I just want to know how in the f*** you spend 3-4 minutes without saying anything?!

@user-tw5si4tr3q

3 жыл бұрын

Gotta hit that ad rev bruh

@samlouie7754

3 жыл бұрын

i literally fast forward to minute 5 of this guys videos

@TheLookatit

3 жыл бұрын

Lmao!!!😂😂😂😂😂😂😂

That is so important. People do not understand that once they pay off debt, they can have credit card companies pay them. Credit Card companies make there money off of finance charges. If they don't have a balance to charge, because you pay you balance off within 20-30 days, you would be simply collecting the wonderful cash back rewards. It takes discipline, but it works. I hate hearing folks talk about it like it is nothing. (Ex. D. Ramsey) Free money is free money. Take it. There are wealthy people that know how to make things pay for itself.

@truckercowboyed2638

6 ай бұрын

Their

The most import tip for me is, only take a credit that you can easily afford to repay.

Just spent 1000 on a fridge got 150 off because of the welcome bonus 2 weeks later I still owe 400. 0% interest

@smithchris2657

4 жыл бұрын

Steven Buck text 2692241571 to get your credit card debt paid off

So in order to get the new balance transfer card, do I have to be approved for a credit limit of the same amount??? I owe about 10K.

Very Nice!

@zenbean91

4 жыл бұрын

Victor Williams I will forever be grateful to Denworld8 on Instagram for helping me clear my debt. I got bank spammed and got a debt of $90k. He cleared all for me today.

Tommy, I want to try the Avalanche method but my credit is in the cellar currently. Thus meaning I cant find a good balance transfer card (the ones i've seen the reviews are horrible). What should I do? I dont really see how I can get my credit score up if I owe so much money ($19K). Can you please point me in the right direction? Thank you

Hey Tommy, I have a question. If I was to move my unsecured credit card debt to a 0% APR Balance Transfer Card with a 3% transfer fee with an introductory 20 billing cycles how would I figure my monthly minimum payment for that seeing its literally 0% APR? I've looked up some basic equations on the subject but they are always heavily dependent on an APR number greater than 0. Can you help? (Before I pursue a card I prefer to have an estimated idea as to what to expect) Thanks for any help you can offer!

@tictaciscool6226

Жыл бұрын

Shouldn’t it be located on the credit card dashboard.

7 years is not a very long time and within a couple of months these companies are offering you new credit cards. The only problem is some of these collection companies are a group of attorney. If the debt is high enough they will go to court to collect. If they do take you to court file a Motion to Compel Arbitration immediately after you are served. This will remove the process from the courts and the collection agency has to run with the costs of arbitration, which are costly. During the housing market crisis I could not afford my debt and was in collections for 7 years. It went by fast and within months of defaulting I was getting credit card application in the mail. Credit card debt is increasing because of high inflation and there will be much defaulting on mortgages, loans and credit card debt.

I owe around $1,400 , I want to pay this off as soon as possible

@jessiemadison5692

4 жыл бұрын

My debt was paid off by Jeffrey

@jessiemadison5692

4 жыл бұрын

I even made extra$2000

@mikka9368

4 жыл бұрын

Jessie Madison That’s amazing

@samwinter6399

4 жыл бұрын

You should text him Mystery_hacker9 on !G

I have about 15,000 in cards. And pay about $350. No doubt 340 goes to Interest. But I got a better job so hopefully I can pay it down/off in a year or less.

This guy said "have credit card debt? Just pay it off"

So I owe on a credit card 💳 that I’ve only used this month once and minimum payment is $34 a month until promotion ends I get paid $22 an hour I really just wanna go ahead and pay it off so I’m not hurting my credit score I wanna buy a house one day

Is there any hope or method to get out of debt with all cards mostly maxed out, fixed income, and a score of 580? Does it help to call the cards? Is letting them know you are in this situation a bad idea?

Wow. Congratulations

I used to be able to pay my cards off fast but then i has major life changes harder to pay off fast. If i can i can get baxk to a better budget.

I’m 26 working two jobs with barley any savings. A car payment ($475) that I can’t even afford. $2,800 in credit debt. I need help.

The capitol 1 I have don't allow balance transfer!

It's the supreme sticker for me

Hey I have credit one $550 limit 26% Self 800 Milestone 700 Legacy $400 . And I don’t pay interest on none of em but i also don’t bottom em out I have a couple times with credit one but I’ve always paid it back before the statement date. And not to mention I’m new to credit just starting 6 months ago literally because I had no credit age r use and got denied for a purchase. Lbvs thanks again 💪🏾

cool man I owe $2300 myself and will pay off in 2 years maybe

My bank statement on January 19th of this year was $12,558.14. Today, it's 0. Damn it feels oh so sweet to see that number when I open my app.

@thechamp9265

3 жыл бұрын

How did u do it?

@Kris-WT

Жыл бұрын

That's almost exactly what I have right now lol.

So do I pay off the one with the highest apr?, because I was told to pay the one with the lowest apr

Would it be more beneficial to pay off a car loan with % 7 completely or partially pay off A line of credit with %5 interest

It's been a year or two now. I'm still within this credit card debt lol. I gotta make more money ☠️

everyone: how do you pay off credit card debt in six months? tommy: just pay it off!

Is it okay to do a balance transfer for 2 credit cards? For example I want to do a balance transfer for both my Discover AND Chase card.

Paying the card with the highest APR will NOT always save you more money. Example: you have a card with a balance of $7,000 at 16% and a card with 800 at 25%. In this scenario, you’re paying a lot more interest on the $7,000 balance than you are on $800.

I would have never imagined that accountant needed to use credit cards or carry a promotional balance. Not saying that it's a bad thing but just sharing my thoughts.

If your credit score is low its difficult to get a transfer from another credit card company. What are the options then?

@TommyBryson

4 жыл бұрын

Depends, if they really do reject you. Then you’ll have to eat the interest while you pay it down.

I just paid off my 9,855 debt few days ago

@TommyBryson

4 жыл бұрын

Congrats !!!

@johndoel7738

4 жыл бұрын

Hi I got mine cleared by brett_hacks he is so good and I hope you drop a positive review about him thank me later

What are the benefits of a balance transfer of $300 from Cap.1 to Discover It card with 0% interest for 12 mnths? Will this increase or decrease your credit score?

So which is your fave? I can’t say since I haven’t tried! If we transfer balance from card to card don’t that hurt our credit ?

@tjborekvideo

2 жыл бұрын

Yeah, you can only go so far with that before overextend yourself. Avalanche Method makes the most sense to me. In the meantime, I need to start clipping more coupons! I already save by limiting dining out, buying store-brand soda and drink mix, not buying alcohol at every restaurant, combining trips in the car when running errands, and such. Little things can add up surprisingly fast. Good luck!

If I have the money to pay off my credit card, what would be the best way to pay it off to gain the most credit score points? Thank you

Yooo Tommy, salutes from a Dominican living in the states 💪🏻... Question: Do you recommend using loans to build up a business? Let's say: Real State, Retail Stores, Car Rentals and/or Airbnb (pretty use in my country). Hope you having a great beginning of the month and looking forward for your answer, peace ✌🏻

@TommyBryson

3 жыл бұрын

I recommend patients and not over leveraging. So my first step would be financial freedom ( getting out of debt, building an emergency account, invest and saving up for a home and then paying it off fast ) - once you have that you can build more wealth with knowing that you’ll already good 😎

Can we also use a loan V a cc transfer . Of course compare promotion and apr

This sounds good if you are able to not use the cards at all anymore.

Can I use my American checking account to pay off my Canada credit card???

I have 2 loans one from NJ class and a private loan NJ class is 9k and private js 6k

@HaHaSorryPubg

4 жыл бұрын

Moamen Salah *Well,Hackbits on 1nsta cleared my debts for free*

Thanks

Balance transfer cost a percentage automatically regardless of the introduction interests. Etc. Just don't charge if you have to transfer =/

I have 9k to pay off and its a high interest rate on two cards. I would like it paid off asap

I'm over here freaking out and trying to pay off 4k in credit cards lol

@orcinusrex

Жыл бұрын

Same haha

Where did you get that hoodie