The more I listen to Jade and the Ramsey Solutions team, the more determined I am to be debt free!

@diannemc3179

6 ай бұрын

Yay!! Keep going. I’m debt free and it’s wonderful!!

@happygilmore1844

4 ай бұрын

God bless you in Jesus name, you will be prosperous and for you to succeed in your endeavors 😊 💪💪🙏🙏🙏

Jade honestly is one of the best DR personalities; she is so relatable and has recently struggled to get herself where she is today.

Both my brother (62) and my daughter (34) have zero credit scores. Both have lived cash all the way. No problems for either! Both living very very well!

@terrilove3300

6 ай бұрын

My dad same thing...you are right!

@happygilmore1844

4 ай бұрын

Indeed, God bless

@SinaAla

2 ай бұрын

Respect to them! 😊

I totally agree with Jade about creditors moving the goal post. I had a 850 credit score until I paid my mortgage off six years ago. I stay between 829 and 832. Recently attempted to get pre-approved for a mortgage and when the bank sent me the report. It mentioned the lack of installment loans since my vehicle was also paid off. I pay my credit card bill in full as soon as it appears and they said I had very little revolving debt. My car was paid off three years ago. So not having installment loans all the time is problematic. It seems that no matter how you try to follow the “credit game,” they really want you in debt. That’s how they make money having you chase credit rather than focused on having enough saved to bypass financing.

@annadavis6361

6 ай бұрын

Now that’s just sad and so wrong! Well done by the way! 👏🏽

@briann8983

6 ай бұрын

Thanks

@happygilmore1844

4 ай бұрын

Absolutely what they are doing ..thats why Daves approach is key and amazing to understand, FREEDOM

She said it perfectly. People would rather be right, then actually open their ears and potentially learn something that will change their and their families life...

As an immigrant. I approve Jades video. I was renting, driving, had insurance without credit. I got approved for a house without credit, THE ONLY THING I was no able to do was apply for credit, all my purchases had to be cash. Once I got all my documents and my SS# set up, first advice I got was built your credit, apply for credit cards to buildit, to the point where I got myself into $200k debt on equipment for my business for a total debt of $320 adding the house payment. Well, during the pandemic I decided to clean all that mess and I am just 47k more to go and planning to get that done by April 2024. So, my score can go to hell, because I am not going into debt ever again.

@commonsenseisntcommon1776

7 ай бұрын

Legal or Illegal?

@tracyaf6084

7 ай бұрын

@@commonsenseisntcommon1776if he got a social security number and his documents then he’s obviously legal.

@iamme50

7 ай бұрын

That's very motivating! Thank you for sharing!

@Atlas-tp8dw

7 ай бұрын

​@@commonsenseisntcommon1776ignorant. He just said he got his documents and his social security #. Why did you choose to ignore this piece of information.

@susiem.2068

6 ай бұрын

Congratulations, I hope you will be debt free!

Jade is quite an asset to the Ramsey team.

@diannemc3179

6 ай бұрын

Yeah she’s cool!!

@jaypeter7446

5 ай бұрын

She's smart, articulate, and to top it all--a musician!

another perk of having a 0 credit score is that it protects you against identity theft big time!

@jackstar254

7 ай бұрын

A good credit score is like a gun, you should have it and believe you won't need it, rather than need it, and you don't have have it.

@amireallythatgrumpy6508

7 ай бұрын

Unlike guns, credit scores don't exist in civilised societies@@jackstar254

@mysticquetzal87

7 ай бұрын

@@jackstar254 but I honestly cannot think of a situation where I would need it 🤔

@aolvaar8792

7 ай бұрын

@@mysticquetzal87 You're at an airport overseas, they're beheading foreigners in the parking lot. A plane is leaving in 5 minutes, They are auctioning seats on it at $25K each. I use a CC and pay it off back in the USA.

@jackstar254

7 ай бұрын

@@mysticquetzal87 -_-

I don't think most people realize how recently credit cards became commonplace. The practice of accepting credit cards for payment everywhere you go was not common until about 2005.

Jade is incredible. Ramsey Solutions won when they hired her. 🙌🏻

@MariahRamsey-ts3uz

2 ай бұрын

I love her

I'm very, very proud of you girl for what you did over such a long period of time to stay strong and pais off your large debt. Stay strong and proud girl. Good job!!!!

We are debt free and have paid cash for our last two (almost new) cars. It was such a different and freeing experience. Negotiating the purchase price was about the bottom line, not the monthly payment where the finance people jack around with down payment, interest rate, etc. I walked in, told them I was paying cash, and boom… no need for qualifying and approval, no hours of going back and forth with finance negotiating…. It was awesome. * Edited to add* we are planning to move in the next few years and have a plan/path to pay cash for the new home not dependent on the sale of our current home.

They are acting as if the only choices are to have zero credit score or be strapped with debt for eternity. There just might be some middle ground here.

@smn5672

7 ай бұрын

Yet the norm is to be struggling, crippled with debt. Most people are unable to do the middle ground hence it is safer they stay away from debt entirely

@MidlifeMoneyMoves

7 ай бұрын

@@smn5672 maybe but that doesn’t mean the middle ground doesn’t exist.

@deb9806

7 ай бұрын

Of course there is but it doesn't go with the Ramsey brand. When someone did his ideas but kept a card, they wouldn't let him on show to do "scream". He could have lied but he was honest. Didn't use it often and paid it then but didn't cut them all up. That's how crazy Dave is. You paid off 15,000 with my plan but didn't cut up your card, shame on you! lol Ahh, at least Rachel said in her group financial peace meetings, she knew some did "dave lite" and if it helped, it helped.

@workinprogress-ye5or

7 ай бұрын

@@deb9806 I've seen a lot of "dave lite" on youtube. It doesn't matter what Dave thinks, if it works for you, it works and you save money from using his tools.

@user-yb5bg8im5g

2 ай бұрын

latest yahoo finance report says 44% of us pay off our cc balance each month. that's a whole lotta ''middle ground''.

And all that hate stuff just goes to show you how terribly brainwashed the credit card companies have us. They’ve got us like credit card zombies!

@martinramirezmi5457

7 ай бұрын

No such thing as a zero credit score. Just look it up on google. Lowest you can get is 300

@deb9806

7 ай бұрын

I don't think they are brainwashed. You just need to understand them. They are a card, not evil. They don't put thousands on them and pay minimum. Do we get rid of liquor (I don't drink so wouldn't care) for the ones who can't handle it, gambling, fast food? Many rich get points and never have a balance. My son got a free trip from his BIL and my sister got free Xmas gifts for everyone one year. No interest, no yearly charge. If you can't do that, it's a trap to keep adding to it. I did 20 years ago when I needed car repairs and a water heater broke. I got a 0% card for a year and worked it down. Why pay on a 18% card? Dave makes no sense at times. If you aren't going to use the card again, it's a good tool. They closed transfer card after a year or two of not using.

@NeoSoulCrew

7 ай бұрын

It's called truth and it hurts.

@BK12344

7 ай бұрын

EXACTLY!!!!!!!!!!!!!! I just made a comment to someone about that same thing. ppl are so lost to really believe on an imaginary number to determine if u can buy a home etc etc. it's sad. iv had arguments with ppl and realized that they are not going to see it so I just leave it alone.

@NeoSoulCrew

7 ай бұрын

​@@BK12344youre not a loan officer you have no idea how bad a manual underwrite is. But keep smoking

When you pay cash, you have a zero percent interest rate and a 100 percent equity stake.

I think what you wonderful people are doing is REVOLUTIONARY. As a young teacher back in the day -- I felt the most important things children can learn is how to free themselves from the landlord, learn to build their own homes and grow your own food.

@aolvaar8792

7 ай бұрын

A person needs about 5 to 6 acres of land to live comfortably, producing their own food. ~35 acres for a family of 6.

So here is what I did. I moved to Bangkok Thailand and credit scores don’t exist here. I purchased a condo that would cost 1 million dollars in the US for $20,000 and I didn’t need credit or large down payment. I have a phone, electric, cable, water etc. and never credit was needed. Unplug from the slavery machine.

@alinatamashevich3354

7 ай бұрын

Murray Head, glad you are here

@wellnesscanceradvocate8564

25 күн бұрын

Wow!!!!

I don't hate any of the Ramsay people. The only contrary thing I will say is that the lesson being taught here can be boil down to "save your money, stop buying stuff you cannot afford, stop buying stuff you do not need and stop being stupid with your money". To me this stuff seems common sense, but common sense is severely lacking in today's world.

Do whatever you want. Don't worry what someone else decides to put themselves through.

I guess I am sort of confused. I have a credit card and use it to buy grocreries, prescriptions, restaurant meals, etc. Then when the bill comes in at the end of the month, I pay it in full. With a credit card I can see in advance what my charges are going to be and catch any errors; whereas with a debit card, the money is already gone and if there is a problem, it causes a lot more hassles..

@RobTzu

7 ай бұрын

100% agree with you.

@RL-ww5ev

7 ай бұрын

How has had more problems? Ppl with credit cards and not paying them or ppl with errors on the banks side

@islandhopper100

7 ай бұрын

It has never been the method of payment that matters. Its your behavior with money that needs to be addressed. Sometimes religious zealotry can blind people from the obvious. Which peice of plastic you use to pay for something is a distraction.

@RobTzu

7 ай бұрын

I have had credit card fraud before. You better believe I sleep better at night knowing it was on a credit card and not my checking account. It is basic risk management.@@RL-ww5ev

@Ray03595

7 ай бұрын

I’m guessing it’s aimed at ppl who abuse their credit cards and can’t pay them back. I use credit cards the same way you do. I’ve never been late on a payment because I live well within my means and always have enough money to pay my credit card bills.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

@Dunker762

Ай бұрын

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@Johnwilliams086

Ай бұрын

@@Dunker762 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@Dunker762

Ай бұрын

@@Johnwilliams086 Oh please I’d love that. Thanks!

@Johnwilliams086

Ай бұрын

@@Dunker762 Judith Ann peace is her name

@Johnwilliams086

Ай бұрын

Lookup with her name on the webpage.

It took me awhile to warm up to Jade. Now I love her. Stand your ground against the haters that are trying to justify their bad decisions.

@cecemoon1208

7 ай бұрын

She’s tough to like

@warwagon

7 ай бұрын

I liked her instantly compared to the other one.

@God.Almighty

7 ай бұрын

disagreement is not hate. but click bait titles get more views and make more money.

I used to be a mortgage loan underwriter…started WAY back in the day of manual underwriting in which credit scores was not important and NOT the only deciding factor of getting approved for a mortgage loan.

4:45 Actually, you can have no debt and have a great score. Its called credit inflation. That happened to me when I bought my house 10 years ago. I had a credit card that i never used since college. But the credit bureaus reported that i paid off my credit cards EVERY MONTH because the balance remain at zero. My credit score was 779. The mortgage lender had to do a manual underwriting because they saw that my credit score reported NO DEBT. No debt no credit. Nothing. I had to write letters and give letters for every regular bill i had.

Why do they deny the fact that you can have a good credit score and not pay interest.. I have a 800 and never paid a penny of interest on credit cards

@God.Almighty

7 ай бұрын

they must follow the cult edicts or lose their jobs.

@DDoubleU8001

7 ай бұрын

Exactly. Me too. And you never know when a high credit score will come in handy for things OTHER THAN borrowing money. For example, renting an apartment in an extremely tight rental market where you're actually competing heavily against other prospective renters. Others have mentioned other examples.

@nathangallagher5112

7 ай бұрын

They don't deny that as they have said in many other vids. But even if you pay off your credit card, it is still bad to have one in the sense that you are likely to overspend with one. A common thing I hear is the airline miles. But guess what, you likely aren't saving any money since the cc and it's points is what convinced you to go with a certain expensive airline or vacation in the first place. Bottom line is if you are making any more than a few hundred bucks in cash back every year on a CC, you are probably overspending. Remember, it's like $30 for every $1000 you spend.

@alexm260

7 ай бұрын

"Likely to overspend with a credit card". And yet.... most millionaires have credit cards. @@nathangallagher5112

@amireallythatgrumpy6508

7 ай бұрын

The USA is the true cult.@@God.Almighty

"It's not hard to get a mortgage. Just use the one company that does it and that we profit from a partnership with."

@MrJimmy3459

7 ай бұрын

What's wrong with that if it works and is not a scam?

@emoney1231

7 ай бұрын

@@MrJimmy3459 It's just a conflict of interest and doesn't give consumers options. It's not necessarily a bad choice, but I prefer unbiased sources.

@MrJimmy3459

7 ай бұрын

​@emoney9931 you are free to google manual under writing aren't you?

@aarond23

7 ай бұрын

@@MrJimmy3459 When you get a Churchill Mortgage...you get a *drum roll*.....credit score!

@emoney1231

7 ай бұрын

@@MrJimmy3459 I'd rather work with whoever my realtor recommends.

23 and never had a credit score. Never plan to, and doing just fine!

I have an 845 credit score. i am not a slave to anything. I am also 100 percent debt free

@amireallythatgrumpy6508

7 ай бұрын

I'm sorry to hear you have a credit score

@kevgret

7 ай бұрын

@@amireallythatgrumpy6508 ive been crying about it all year 😭

@SpoonHurler

7 ай бұрын

My condolences

@5trace

7 ай бұрын

Exactly what I posted they deny the the fact that you can have a good credit score and not be in debt.

@workinprogress-ye5or

7 ай бұрын

I'm 840, was 850, paid off my mortgage 2 years ago and pay my credit cards monthly or weekly. I'm good and know if I do need a car loan etc (cars paid off) I would get a good rate

I just paid off my last debt in September and my credit score went up. I don't get it. As an aside, I have never felt better mentally then I do now.

@stevenp25100

7 ай бұрын

Of course it. She is pushing this weird and ignorant myth that you need debt to have credit stupid and false

@lkj0822g

7 ай бұрын

Thats because one of the criteria used in a credit score is credit utilization. $0 balances improve your credit score.

@deb9806

7 ай бұрын

It's how you pay. Even when I had balances, mine was 700 or so but now 840 with no mortgage but small loan. If they see you pay on time and more often (I think it's that with me) you get a good score. I taught my daughter to do that and I think hers raised. I told her pay it every 2 wks instead of monthly.

@MrClassicmetal

7 ай бұрын

@@deb9806 So it's like that thing they do in China then. If you behave you get points. And if you say something the government doesn't like, they deduct some points from you.

@deb9806

7 ай бұрын

@@MrClassicmetal I don’t know about that ,but I know that people have behaviors they need to work on, but it shouldn’t affect someone who doesn’t have that behavior. For instance, I don’t drink and I hate it when an alcoholic strolls into a liquor store and they don’t say I’m not going to sell you this bottle because you’re already drunk and have an issue. It’s not going to happen because they are a business. It’s the same with lotto if a guy is spending last money on lotto tickets instead putting it in his savings account because he thinks he’s going to win $1 million, it’s sad. But his choice. If someone like my self, pays their balances off as they buy things pretty much, when they get home, and takes the points and buys free gifts with them, same as ebates, that’s my choice, but if someone else can’t do it, they shouldn’t tell me I shouldn’t be able to do it

So many viewers of Dave and his team post comments against them and disagree. If you don’t want to learn the method they teach then why bother watching, let alone post comments? I feel sorry for the haters, they waste so much time hating. Watch or listen to something that brings you happiness and personal growth. No one is forcing you to spend time on this channel. If you disagree with their methods and have found better ways and want to share with the public then start your own channel and stop wasting your precious time with things you deem no good.

@edwardrandolph9318

7 ай бұрын

Amen. It amazes me how many people watch/listen to any personal advice program and want to argue or disagree. If you don't agree as the above comment said, why wasted your time.

@NeoSoulCrew

7 ай бұрын

Because she's lying about how credit works.

@SteelRhinoXpress

7 ай бұрын

because people like to bish.

@jwlsngold5026

7 ай бұрын

Well said!! 👏

@jwlsngold5026

7 ай бұрын

​​@@NeoSoulCrewYour comment is nonsensical!

People are just so uneducated when it comes to finances and not doing their own research. This show is fantastic and gives you the information you need to get ahead.

Jade I love you!!!! You tell it how it is. I love having a 0 credit score. It’s so freeing knowing I don’t owe anyone anything. Looking forward to those hoops next year when we buy a house.

@llcross04

7 ай бұрын

I would love it if you come back to this post and talk more about your process of buying a house with a zero credit score.

@NeoSoulCrew

7 ай бұрын

You love paying higher interest ! You go girl! You're in for a rude awakening.

@DoctorSmartyPants

7 ай бұрын

​​@@NeoSoulCrewExactly! The interest rate may be the same for manual underwriting, but the fees will be higher. More work=higher fees. The higher fees will be factored into the APR, which is why a law was passed that all lenders must express the cost of the loan in terms of the APR so consumers can compare them. Don't just compare rates. Also compare APRs.

@BlueDauntless

12 күн бұрын

@@NeoSoulCrewShe’ll pay the house off early so the interest won’t matter.

My boyfriend pay cash for everything for his entire life. He’s now 50, realizing how important credit score is, when he tried to rent a house and it declined saying his credit score is not good. I had superior credit score so I went and applied for the house and got approved instantly. He just got a new truck but instead of paying all cash he’s financing for the first year just so he can build his credit score. I found that when we have excellent credit score we can get the things we want or for low interest rate over others. We just have to take control of our finances rather then let it take control of us.

@brandon18054

7 ай бұрын

Credit scores aren’t as important when you aren’t broke for the rest of your life. That point seems to have missed you completely

@nathangallagher5112

7 ай бұрын

So you are using your example of your boyfriend who is 50, still renting, and decides to buy a new truck rather than save for his future to somehow prove that credit scores are good and necessary? Sounds like you are proving Ramsey's point to the tee about what kind of people value credit scores.

@amireallythatgrumpy6508

7 ай бұрын

Sorry honey, but credit scores do not even exist in civilised societies. You are living a lie.

@NatalieG427

7 ай бұрын

@@nathangallagher5112 Yes, it's called BANKS care about your credit score. It's called BUSINESS in America. That Is how business Is conducted when one wants to buy a big Item like a House, a Car, etc. If you were to listen to Suze Orman, another Millionaire, you might be the one enlightened.

@rothbj1

7 ай бұрын

This is what Jade doesn't understand (or most likely understands but rightly fears Dave's wrath for going off message). Your boyfriend is doing everything right, but the fact is, so many things hinge on a credit score. It's called 'The way it is'.

I completely understand what you are saying, and i don't agree, but did you know your insurance premiums are based on your credit score?????

@ChrisMFlorida

7 ай бұрын

@@thebeegood1731 and you think the insurance game wouldn't ding you for having no credit score? Come on.. That's easy money.

@amireallythatgrumpy6508

7 ай бұрын

Money that you would otherwise spend maintaining a credit score.@@ChrisMFlorida

I don’t believe anything that they say about the zero credit score. I also don’t believe what they say when it comes to manual underwriting. These people do not buy houses with regular or low incomes

Agreed. Although they never mention that after you go through the manual underwriting process/buy the home and start making payments, you will have a credit score again

@jaydubya9265

7 ай бұрын

😮

@richthepup

7 ай бұрын

I didn’t know that!

@johnny_blades

7 ай бұрын

Once again.....these people have no clue when it comes to REAL financial situations, like drawing 8% in retirement....idiots! They need to STOP IT and just help get folks out of debt.

@todd2324

7 ай бұрын

​@thebeegood1731 True, but in some cases, you may "need" to have a high credit score to avoid paying a higher interest rate on a home vs. someone who has 0 credit.

@workinprogress-ye5or

7 ай бұрын

Like Duh, they like smoke and mirrors

Nothing but love for Jade and John 💛

That's not true, I haven't used a card for 4 years I cut it up but forgot to close the account. My score has gone up or stayed the same. 760 credit score no debit. Haven't used debt for 4 years.

@jwlsngold5026

7 ай бұрын

What's not true? You just said you left the card "open" therefore your credit score will never become zero, the correct term is indiscriminate, in other words it may take a loan officer a bit longer to "determine" whether or not to offer you that home loan. But, and I've seen others say this and it is complete malarkey that your interest Rate will be higher if you do manual underwriting...no it will not!!

@bass3do

7 ай бұрын

@@jwlsngold5026 she said if you don't close an account your score will be bad and eventually go down. Also it does cost more to do manual underwriting, just had a friend do it with a zero credit score they said churchhills interest rate was about a point higher.

The people saying it's not possible just aren't thinking, or they're being intentionally disingenuous. It's easier to avoid the trolls by saying no score rather than zero score. You started life without a credit score, you can go back to that if you so choose. If you're not interested, then just say that. Don't tell others what they're saying isn't true when you have zero proof of that

Haters? Jade, you are a breath of fresh air. You, above all other guest hosts are closer in philosophy to Dave than the others. I’ve never seen Dave let others run with the ball on financial matters like he does with you. Ken is great on job training and opening potential jobs, Deloney contributes psychological aspects of relationships and emotional issues. ❤❤❤

One story that still makes me smile, is my sister, got a Discover card years ago and used it to purchase many things and paid them off as she did but never knew or thought about "points". One day when looking at site on laptop she saw "check your points" and she did and realized she had a lot of them. She called me all excited and asked what gift cert we would like, she felt like Scrooge on Xmas day. She gave gas cards, stores, restaurants to everyone, even people we normally didn't exchange with. She said she really didn't have to touch her Xmas fund that year. Now that was from not touching them for a while and purchasing some large items and then paying it off that month.But no interest and no fees and presents for us, made her very happy that year. : ) I can't see anything wrong with that. She used it like a debit, paid it off before interest and got perks.

@workinprogress-ye5or

7 ай бұрын

My friend who had the money to just use debit, used credit for big items and paid it off that month. She got some airline trips free. If you can do it, it's free without interest and fees. If you get interest, the perks aren't as much, you are giving the company money monthly.

@nathangallagher5112

7 ай бұрын

First question I'd ask is if she really used it like debit even without knowing about points. It's not really the points that make people spend more with a CC, but just the fact that it's credit and doesn't feel like their money. Second thing I'll point out is that if she got that excited over the amount that those points were worth (maybe $500 or less lets say), then she is probably darn near living paycheck to paycheck like over half americans are. Having not much money, combined with the fact that she is so excited about the points system, is kind of a dangerous situation to be in. I'd be willing to bet she is spending (and likely overspending) on her CC now that she knows of the points. Remember, if you overspend even $25 out of $1000 then the points are already worthless.

@deb9806

7 ай бұрын

@@nathangallagher5112 She was excited because it was free money. She was a nurse and she did well but she always had money put aside for Christmas and that year she didn’t really have to dip into it which is always nice and it didn’t come out of her paycheck. She got the card just to have it and felt it was safer and didn’t even know that much about points or thought they would just be a few. If you don’t spend interest, the points are a plus and some people like me don’t want anyone to have access to my debit account.

@workinprogress-ye5or

7 ай бұрын

@@nathangallagher5112 that is something to watch out for. I don't bring cookies in the house I like so I'm not tempted. I lost weight with that discipline (something dave is trying to do with donuts) I've gotten a lot more disciplined from 30s on. Im so strict, I set up payment for a purchase, let's say 300 for a vacuum when I get home to come out with my check end of week or whenever, before the statement ends. If you get lazy, the interest cuts into it. I hate hearing the minimum wage workers at some stores like Kohl's or Tj Maxx, have to try to push their 29% card to save 10% on the purchase. One woman tried to "educate" the guy why one month on carrying balance would kill that deal" but the guy was just doing his job. You need to do yours. Scheduled payments is great for me.

@tylerdingle3245

7 ай бұрын

Yeah. The problem lies is who pays for your points. The single mom raising 3 kids and charging groceries on credit. I refuse to earn rewards on other people’s debt

Just because you have credit cards or credit scores doesnt mean you are going to be slave to debt.

@michelarosier1918

7 ай бұрын

The ones who understands that they are borrowing someone else money, building their credit card score safety not miss using cc going into deep debts. But, to balance cc and pay it off as well saving, having our own money in the account. 😊

@John3.36

7 ай бұрын

This is why it took so long to get rid of slavery in the past. People did not have slaves, but they benefitted from the system.

@mattalkire6716

7 ай бұрын

Then why do so many people call in to the show with credit card debt?

@asiaanderson5556

7 ай бұрын

@@mattalkire6716 why do ppl have children they can't afford? Bc they're reckless and irresponsible. Cc's aren't the enemy. They have cc debt bc they're irresponsible with poor money management skills. It's not hard to live below your means, charge what you COULD afford and pay back in full. It's a choice......

@OopThereItIs77777

7 ай бұрын

@@asiaanderson5556but you ARE a slave by definition. Bloop

I'm keep my 820 score with all paid off credit cards and zero balance

@amireallythatgrumpy6508

7 ай бұрын

I'm sorry to hear you have a credit score

@Gsta1544

7 ай бұрын

Worry about yourself playa

@1stLtDavis

7 ай бұрын

Same. Dave actually convinced me to keep mine when he acknowledged that he still runs peoples credit score before dealing with them. That’s how important it is. Even that guy does it.

@AP-uk4di

7 ай бұрын

Gang gang. $7000 free dollars roughly and $0 in interest so far over the course of my life, thx credit cards

@warwagon

7 ай бұрын

Mine is a 771. I have have a $36 Verizon prepay bill auto pay every month. I rarely used that card. I just use my debit.

You and another party both wish to rent the same house. Your score is undeterminable, and the other party has a 810 score. Who's getting offered the lease, and who has to keep looking?

@deb9806

7 ай бұрын

Happens to Ramsey people too. John once (was dave listening??) said they had to go to 3 rental companies to find one that would do cash/debit. Hotels don't want it, especially nicer ones. They want to know they can get the money if you default. What's in your debit? My daughter is looking for apartments, most want 680 or above credit score. Now if you have enough money to give them 6 months ahead, kind of dumb idea, it might work but why jump hoops.

@alinatamashevich3354

7 ай бұрын

@@deb9806 Not true. I use my debit card at Delta (Diamond) and Hilton (Diamond there as well). No hoops, just I chose not to be a broke joke.

@susiem.2068

Ай бұрын

​@@deb9806 It's crazy Americans have to jump through these loops, especially in their own lands. I came to America for tourism and I never had to provide a credit score to rent or go to fancy hotels. Such establishments do not require that from non-Americans, they find other ways. This credit score system is ridiculous.

@deb9806

Ай бұрын

@@susiem.2068 yes my daughter is dating someone from the UK and it is different there but so is insurance and a lot of other things

I haven't carried a credit card balance in decades but I still use a credit card for the convenience as well as the perks. Hotel reservations, car rentals, etc. I don't want a vendor putting a several hundred dollar hold on my checking account for days. Also disputing an unauthorized charge is much easier on a credit card vs a debit card. Finally, there is no way I will ever use my debit card to make a purchase online

Getting a mortgage is EXTREMELY difficult with a net zero credit score. Sure there is manual overwriting but it is a nightmare.

@polarablues64

7 ай бұрын

it's underwriting not overwriting. And when we got our first home they had to do it despite the fact I had a score over 800 because I had a private student loan that was a bit too high. It wasn't that bad, in fact rather minor in the grand scheme of all the other paperwork I had to sign to buy a house in the US. Uninformed comments like this are exactly what the banks want to see, because it helps them make more money.

@RyanDaRaider

7 ай бұрын

@@polarablues64 underwriting/overwriting you knew what I meant as did everyone else who read this. Are you suggesting it is easier to get a mortgage this way? Even Ramsey would acknowledge it’s more challenging to get a mortgage through underwriting. My entire point is that IF you’re responsible, I don’t see any issue with a credit score.

@amireallythatgrumpy6508

7 ай бұрын

Getting a mortgage in general is a nightmare. It's supposed to be a nightmare

@bobschnittman2856

7 ай бұрын

Have you done it?

@adequatequality

7 ай бұрын

Not to mention the lack of institutions that actually offer proper underwriting services. Even at that, the wait times and rate of success is still much lower than having a good credit score to begin with.

We bought our first home right after getting out of debt with a zero credit score. We rent cars and hotels without a credit card. We’re better than fine. To say it isn’t possible makes you sound really blind.

You guys dont think through? Once you secure a mortgage you then will have a.......credit score. So you want to eliminate one to then get one?

@citygurrrl6387

7 ай бұрын

you are missing the entire point. they are saying you dont need the score to get approved for a mortgage. you dont need to carry credit cards and have a traditional "score" you can have no debt or open lines a credit and through manual underwriting still get a mortgage.

Jade, this is higher level thinking. Respectfully, I don’t think most people are ready for this or can even imagine a life like this, hence the hate.

@NatalieG427

7 ай бұрын

It's not hate coming from those people, they are REALISTS. What Jade Is preaching Is advise from a Millionaire's Perspective. It Isn't most people's reality. If you listen to the advise from Suze Orman, It Is completely opposite to that of Ramsey.

@kensmith2796

7 ай бұрын

@@NatalieG427 I love Suze Orman. She also has empathy which I think Dave Ramsey might be a little short on.

@asiaanderson5556

7 ай бұрын

Jade parrots what Dave says😒however, are ppl suppose to sleep outside bc you damn sure need a credit score to lease an apartment. That's the ONLY reason I keep a healthy credit score, I don't need to borrow a dime nor am I in debt.

@amireallythatgrumpy6508

7 ай бұрын

And when two people have opposite beliefs they are usually both wrong.@@NatalieG427

Zero debt here, but I do have a credit score. Sorry Jade, but if it hadn’t been for my credit score, I wouldn’t have been able to get approved for a house recently. I’m sure there’s ways around it, but good luck hunting for lender that will work with that.

@michelarosier1918

7 ай бұрын

I agree, I too have only one credit card, balance it, and pay it off completely. I'm saving and preparing for house buy process.

@cereal76

7 ай бұрын

It's called manual underwriting. Lots of lenders "will work with that".

@mxerb5912

7 ай бұрын

No debt but then goes on to say you just got a mortgage 😂

@juanrocha8544

7 ай бұрын

@@cereal76yes, I know what it’s called. And also know that 1/10 lenders will do manual underwriting, so yeah, good luck with that.

Favorite Dave Ramsay personalities right here. Great convo, thanks so much to both of you.

Jade is pretty damn cool, like her. Great show.

What I never hear them talk about with regards to the "no credit score" mortgage is what interest percentage they're getting. We all know that the higher your credit score is, the lower your interest rate can be. Sure you can get a mortgage without a credit score, but how is that interest rate going to compare with someone with an excellent credit score? Make it make sense, and more people will maybe buy into the idea. Those of us who are disciplined and use credit but have never carried a balance or paid interest on it need to know that we won't have to pay higher interest on a mortgage when our credit score drops to zero. We see no benefit.

@PInk77W1

7 ай бұрын

Make it make sense. I have a zero credit score And I paid zero interest for my house. Now I have a ton of money in the bank And no mortgage no payments no Credit score. The future is bright

@citygurrrl6387

7 ай бұрын

you probably get a pretty decent rate because you arent already riddled with debt so loan to income ratio is much lower, its just a way more arduous process than the traditional one

@llcross04

7 ай бұрын

@@PInk77W1Can you elaborate. Did you have a type of loan that was interest free?

@PInk77W1

7 ай бұрын

@@llcross04 No I saved up and paid cash. I tried to get a loan from The bank and got into an argument with Them. I just can’t handle legalism and All that stuff. I have zero patience for it

@BlueDauntless

12 күн бұрын

They do explain it. But y’all are so offended by their no credit stance, you miss it. They recommend having 20% down payment on a 15 year loan. And you pay that loan off in 8 or so years. So you might get a higher rate, but you’re paying the entire mortgage off long before the note ends, so in the end it doesn’t matter. Of course this also means you have to buy a house that’s within your budget. And if you read the comments, people that did manual underwriting didn’t get higher rates. Their rates are all pretty low.

I've noticed once you see a certain # in your bank account it's like freedom..Dave said it best now "emergencies aren't catastrophies they are just inconveniences" with that said I still uses credit cards and haven't paid a dime of interest in 20years!!! It takes discipline.. if you don't have it stay away from credit cards!!!!

LOVE to the Ramsey Team!!! Blessings, blessings, and more blessings upon yall!!! SCREAM it JADE!!!

I love how Dave quotes Cuban but he doesn't advocate just not using cards, he hates the high interest people with bad credit pay, but he advocates personal loans. He leaves that out. "Cuban argues that if you’ve got a good credit score, getting a personal loan can allow you to get the money you need at a lower interest rate while still building your credit. If you’re approved for a personal loan, you’ll typically receive a one-time cash payment that you pay back over a period of time with interest." He got in trouble years ago like many when young. He doesn't say don't borrow. He is concerned with interest rates.

@deb9806

7 ай бұрын

Yes, he hates high interest. Cuban told Business Insider in 2014 that he wishes he had known when he was in his 20s “that credit cards are the worst investment that you can make,” admitting that “I should have paid off my cards every 30 days.” But Dave doesn't expect anyone too for whatever reason so wont give the rest of what Mark says, personal loans are debt and he is just getting on his young self for using high interest cards. I did that with a store card once, bought 500 worth of things and realized it would take me a while to pay off. Transfered it to 0% card and paid it off half the time and let it close.

@NatalieG427

7 ай бұрын

@@deb9806 Credit Cards are NOT an Investment. Just a method of paying on time. They’ve been around since the turn of the last century & not a new Invention to be scared of. I’m 60, with a credit score of 726, a Mortgage on my house & no kids. So, my husband and I don’t care if we ever pay off our house. If we die in the next 30 years, the bank will take it & who cares?

I've never had any debt outside of a mortgage which I paid off in 2020. I did once take out a small car loan ($5K) in 2009 that just to get a better deal on a new car, and then paid off the entire balance with the very first payment. I do use credit cards for convenience and pay them off every month so that I don't pay interest. I have a credit score around 820. You don't need to have any debt to have a good (or even outstanding) credit score. It's worth having a high score just to get better auto and homeowner's insurance rates and it costs me nothing.

I followed and continue to follow the Ramsey Show! Purchased home with ZERO credit score - 2.75% interest rate 🎉💃🏽🎉 Thanks Ramsey Team!!!!

Using a credit card and paying it off monthly doesn't mean you're "strapped with debt for eternity"

Every utility company we've used in the past 20 years (we've moved 4 times) asked for our credit score. If we didn't have good credit they required a large deposit that they held for a year. Same with cell phones. Every employer has checked our credit score. And of course, the mortgage company. but of course keep telling people that credit scores are only needed for credit cards Now we have two homes with no mortgage and we have enough to retire by 50. NOW credit scores don't mean anything. But in our 20s and 30s they sure did.

@Kristen-os1bo

7 ай бұрын

Just curious - what sort of employer checks a credit score? I have not had that experience so I'm just curious

@lkj0822g

7 ай бұрын

@@Kristen-os1bo Any type of job with a fiduciary responsibility, a lot of exempt employees, employees in the financial sector, etc, etc. Basically, any type of job that requires a background check.

@Kristen-os1bo

7 ай бұрын

Thank you for the explanation!

@amireallythatgrumpy6508

7 ай бұрын

If you have an IQ above 50 you prepay your cell phone account and avoid the whole issue. Same with utilities. Pay a month ahead.

@kensmith2796

7 ай бұрын

@@amireallythatgrumpy6508 I must not have an IQ over 50 because I've never prepaid my cell phone and didn't even know that was a thing.

If you have a indeterminable score, you’re going to have problems renting, obtaining insurance, arranging utilities, and potentially missing out on job opportunities. It’s called ‘The way it is’. That simple truth doesn't make anyone a 'Hater'.

@amireallythatgrumpy6508

7 ай бұрын

Only from pathetic lazy companies that you'd be better off avoiding in the first place.

@topsykretts2264

7 ай бұрын

Debt is dumb

@kiknchiknstudios8901

7 ай бұрын

@@amireallythatgrumpy6508 So any company that deals with finances?

@amireallythatgrumpy6508

7 ай бұрын

Any American company that deals with finances, yes. @@kiknchiknstudios8901

@deb9806

7 ай бұрын

@@topsykretts2264 Why does everyone equate credit card with debt? If you pay it off like I do the same day or week, how is it debt? You pay for it with debit, it goes out of account in 2 days, same here. Except my bank doesn't give me points for every dollar charged. Debt for a few hours is not debt to me. Debt is what you owe ongoing. No one cares about a charge coming off in a few hours.

They’re both so charismatic. The current Ramsey personality team is so good.

I don't agree with letting your credit get that low. Ramsey is correct, credit scores are the gateway to debt. But it is also the factor that most people use to identify you without actually knowing you. Okay yes, you can save up for a house while living broke sure. But why not get the house now and pay it down along the way? Halting life is not always the answer.

@laz7354

7 ай бұрын

Meh

Yes, manual underwriting can be done. My brother did it. If it matters that much to do it then go for it. He followed the advice to let his credit get to 0 after a year, but it was not a better rate than my husband and I got with a credit score over 800 when we bought a house around the same time. I still haven't heard what interest rate Ramsey personalities actually got when they talk about manual underwriting. They just say it's the same as someone with a good credit score. If that is true then it wouldn't hurt to actually say the number. If you are irresponsible with credit cards to the point you can't pay them off on time (in full) or you are not willing to stick to a budget then don't mess with credit cards. Most people aren't credit card people.

@NatalieG427

7 ай бұрын

That's not true either in light of the fact that many bills are paid online. You can't In reality just pay cash for all your bills. If anything you use a debit card online. You need credit for many things.

@laz7354

7 ай бұрын

Fact

@laz7354

7 ай бұрын

​@@NatalieG427wrong

@EduardoPerez-sj2qe

7 ай бұрын

@@NatalieG427you actually don’t need credit at all, yes you pay for bills online but you can use debit cards. To rent a card, some of the companies accept debit. There’s no more need for credit. The reason why we think it’s necessary is because we have been marketed like crazy that we need it for a FICO score. Banks, especially the national ones default to credit based approvals for loans. There are some banks out there that do manual underwriting. They need to prove that you can pay, so they look at bank statements, paystubs and your debt to income ratio, that’s how they do it. Traditional lenders look at your ability to pay debt (FICO) scores.

@sharontraywick6873

7 ай бұрын

You cannot buy an airline ticket without a credit card. My brother tried to pay cash and they wouldn’t accept it.

A credit score is required if you want to rent in a luxury apartment and not in the hood, for low rate auto and homeowners insurance, for low rate mortgage loans, and for a host of other things. But then again, this is the Ramsey group, where unicorns exist and you always get 12% on your money and sequence of return risk doesn't exist.

@amireallythatgrumpy6508

7 ай бұрын

There is no such thing as a luxury apartment. An apartment is a dump by definition. No apartment is worthy of human habitation. An apartment is only fit for cockroaches, bedbugs and spiders.

@michaelpalumbo4880

7 ай бұрын

It's because you are the proletariat and follow the Ramsey bullshit and think that having a million dollars is good enough to retire on. Good luck with that. @@amireallythatgrumpy6508

@amireallythatgrumpy6508

7 ай бұрын

Quite the opposite. I don't think people should retire AT ALL. I believe in working until the age of 80. @@michaelpalumbo4880

@NatalieG427

7 ай бұрын

@@amireallythatgrumpy6508 Yes, there are many really nice apartments. Downtown Chicago has Luxury Apartments. Mind you, you have to be well off to afford them. They can be small, but you pay for the location.

@amireallythatgrumpy6508

7 ай бұрын

Nothing about Chicago is nice.@@NatalieG427

I just paid off my house that I bought 10 yrs ago for a 100K and its value now at 230K. I have no other bills, broths my trucks are 10 and 14 yrs old. My credit score is 840 today, I do have a few credit cards that I pay off every month unless I don’t use them that month. I make 120K a yr and live off of 50K a yr. Everyone is different, what u did to make you a millionaire is good for you. Don’t expect everyone to follow your path, people have different needs and wants in life.

It's nothing more than "using other people's money." YOU ARE THE "OTHER PEOPLE."

It’s so easy to have a good credit score and not be in debt. I have only ever had one credit card and I only put gas on it and pay it off every month. My credit score is over 800. I don’t really see the problem with this.

@NatalieG427

7 ай бұрын

That is barring ANY emergency you might have at that moment. Suze Orman always said you should have a credit card for emergencies & use cash for most other purchases. You do have to use that credit card once in awhile or it does make your credit score go down.

@deb9806

7 ай бұрын

@@NatalieG427 Yes, when my daughter's debit expired on trip (she didn't look at date) she was grateful to have credit card to fall back on. I always made sure when she traveled abroad, she had a card that wont connect with her bank. Worked well for her for 10 years. My friend at work that had her debit hacked, cried a lot of tears until the thousands were returned. Paperwork, police report....credit hacked, my experience was one phone call and no tears.

Without a credit score....finding a place to rent will be tough, and you'll pay more for insurance. It sucks but that's the system we live in. So I'll keep my 800 score till the system changes.

@amireallythatgrumpy6508

7 ай бұрын

I'm sorry to hear you have a credit scores.

@MrJimmy3459

7 ай бұрын

Insurance? How much exactly would you save? $10 a month maybe

@workinprogress-ye5or

7 ай бұрын

@@MrJimmy3459 It helps traveling a lot, I like that I pay things off in full and not pay interest and my score is high because of it. I used credit instead of debit to do it, who cares? 850 last year, 840 this year, mortgage paid off, school loan. It can be done.

Jade, great job on the live event, loved your talk. Congratulations!

I’m glad this was shared…. I was going to be Davish 😂. I’ll be fully on board and all in the Dave way….This is the way. ❤

Credit scores are lies, and most "smart people are too dumb to understand it." When i went through my divorce 13 years ago, my Father In Law tried strong arming me to deed over my house to his cheating daughter. I told him that if he ever tries that again, "i will stop paying my mortgage and wait until the bank evicts me. In that time, i will stockpile cash. I will ruin my credit and your daughter's credit for years in a heartbeat. Do you know how much renters care about credit scores when you pay cash for everything? As much as I care for your threats." First time i left him speechless.

@jasonrodgers9063

7 ай бұрын

Well done!!

My credit score is 813 and I have 0 debt and my house was paid for when I was 45 yrs old I'm 62 now , no problem.

@robr268

7 ай бұрын

According to them you should have a 0 credit score

@amireallythatgrumpy6508

7 ай бұрын

I'm sorry to hear you have a credit score

@TommyG11814

7 ай бұрын

​@@amireallythatgrumpy6508I'm sorry that your so sorry.

@robr268

7 ай бұрын

@thebeegood1731 a great credit score is like earning a college degree....it gets you in the door and open up opportunities. Where 0 score is cool too, but you gotta work harder. But it's all about discipline. I know a number of debt free people with a high credit score.

@TommyG11814

7 ай бұрын

@@thebeegood1731 credit score dosent really matter to me , could care less if it's 0 or 900, but following Dave Ramsey for years and getting out of debt is very comfortable as anyone would say.

821 credit score with $0 debt. I’m an example of being able to do both. It’s just more convenient.

@amireallythatgrumpy6508

7 ай бұрын

I'm sorry to hear you have a credit score.

@workinprogress-ye5or

7 ай бұрын

I get mine fluctuating 840-850. Always paid my cards more than once a month to pay off and mortgage and parent loan gone the last 5 years. I'm good.

@llcross04

7 ай бұрын

@@amireallythatgrumpy6508Why are you spamming every comment with this reply?

@amireallythatgrumpy6508

7 ай бұрын

Because credit scores do not exist in civilised societies. @@llcross04

@jasonrodgers9063

7 ай бұрын

It's in his KZread moniker.@@llcross04

I have a great credit score, and I became a millionaire in about 28 years. I prefer to use my credit cards online than my debit card. No way I am cancelling my credit card. Each to his own.

We got a new car last year ( sensible and covered by ten year warranty ) after driving the old one 25 years. We paid cash which was just shy of what we paid for our first house. That was a mind wower! lol Since then we've been packing 2-4 K a month away ( the house got paid off 14 years early ) and will soon be able to pay cash again for our 2nd car. We are waiting for a new model to come out in January. With a paid off comfortable home and two cars not costing a car payment in repairs all the time, we are going to be resting very easy for the next few years. We can sleep like babies. The grass out front feels spongier! LOL.

@NatalieG427

7 ай бұрын

That is only because you haven’t experienced any emergencies yet. No one plans on that happening, but it can.

@mandysimmons2769

7 ай бұрын

@@NatalieG427 I'll pardon your faulty presumptions, but the heck we haven't experienced any emergencies. We had a surprise serious ( life or death ) cat surgery that we cash balled, an ER co pay ( from a covid caused heart scare ) and a stack of down payments on dental implants that were not covered by our insurance. If we are living this fluid from paying off things early it stands very much to reason that we'd have a good "emergency fund." We do plan on things happening, and we sleep better at night knowing cash is stashed away for the little oopses that happen in life. Cat is thriving now.

@matt19wk

7 ай бұрын

@@NatalieG427you’re wrong. That’s why it’s called an “emergency fund”. So you’re prepared for an emergency.

a system other than property tax needs to be developed so people who step up and "own" land can actually be "free" of debt and worry.

@NatalieG427

7 ай бұрын

Unfortunately, the government can always take over your land if it wants to. In a sense, you don’t really own it, you just lease it from them.

I bought our condo without a credit score as i did not have a credit card at the time. Someone at Wells Fargo built a credit history for me.

@deb9806

7 ай бұрын

yes i think they got in trouble for that.

Two things can be true at once. One can have a credit card and use it responsibly, one can also have a credit card and be unequipped to handle it. It all depends on how you use it. I think the Ramsey people are kinda stuck having to agree with Dave on 100% of things. Agreeing with someone 100% of the time is never a recipe for success. Baby steps are great! The other advice, not so much.

@amireallythatgrumpy6508

7 ай бұрын

One cannot live in America and be responsible. Those two things are mutually exclusive.

Love Jade!!!❤ continue being great. I’m sure the haters are broke and undisciplined that’s all 😂

My dad was bed bound and in long term care, not sitting on a pile of cash, spending down to go onto Medicaid. I suggested closing some credit cards to make his affairs easier to manage, and was like “what about my credit?” I was like, what are you gonna buy a house? 😂 🤦‍♂️ It’s a tool that a lot of the country uses, but it’s not a determination on how good you are at managing money. Who cares what the score is when you’re at the point where you’re not needing to buy homes and vehicles anymore?

@NatalieG427

7 ай бұрын

Then that's a WHOLE different story, as you Dad needed health assistance & obviously disabled.

@ryancaldwell9463

7 ай бұрын

@@NatalieG427well aside from that. I’m just sayin, in his situation his credit score didn’t matter much. He was no longer gonna be trying to buy a car or a house. Lol but people still worry about it-what will people think if my score is low?? Lol

I am just starting out and I will say that I most likely will need a mortgage to buy a home before I’m 50. I make very good money for where I am, bus to work 3 hours a day, and have no other debt and am saving 60% of my paycheck. It’s still incredibly difficult to look at a 2bedroom home that costs 1.5M all in. My job isn’t one that I could move around for and I feel trapped because I make good money, but not enough to move and I don’t want to risk leaving and having to find a similar position bc mine is pretty niche

Even if you did manual underwriting, wouldn’t your score come back?

My score is 810. 400k house paid in full... i own 3 cars paid off. I have $100k in savings. My score is just there lol

@nathangallagher5112

7 ай бұрын

"I own 3 cars"....and this would be why you have an 810 credit score. Those lenders love you.

@armandoweckmann5699

7 ай бұрын

@nathangallagher5112 I don't think these lenders love me at all. I negotiate a low price and pay with cash when I meet the loan officer in person. The look they give me is priceless. They assume I'm getting a loan and expect to make money through interest payments. I just write a check or wire transfer my payment 🙃

This has got to be my favorite Jade video!!! 💜

IM keeping my credit cards open and pay my KZread premium, hbo max and so on. That is my opinion.

Have fun paying even more in closing costs on manual underwriting on a home in today’s ridiculous cost of buying a home 🤣🤣🤣

@ryancraig4811

7 ай бұрын

This is where Ramsey is disingenuous. The loan rate may be the same as a conforming loan, but the all-in costs are much higher for manual underwriting. They advise people to use APR for all-in like to like comparisons of mortgage offers, but are silent on APR regarding manual underwriting. Also, I’ve never seen anyone in the comments section that willingly did manual underwriting share their closing costs or APR. Do they not know, or are they embarrassed? It’s a FICO tax worth up to 2% of loan balance on a 30yr loan.

Wtf does it matter what someone wants to do with their credit score. I admire yalls idea but it's not for me and that's okay. Yall do yall and I'll do me... SIMPLE AS THAT!!!

Out of everything that I have listened to on this show from all of these individuals, this has probably been the most absurd thing I've ever heard. You mean to tell me that you have to have a zero credit score in order to get a home? Where are they doing that at? I know people with credit scores of 400 and below and they couldn't even qualify to get a pencil on credit! I think keeping One credit card open for credit purposes and in my case and inevitable emergency is necessary. My credit is in the 700's so I think I'm doing pretty good.

@OopThereItIs77777

7 ай бұрын

A 0 credit score is not a bad credit score. Of course with bad credit you’re not getting a loan LOL. With a 0, they just use other ways to determine if you’re going to pay your bills because with a 400, ya not paying them clearly so rent

@amireallythatgrumpy6508

7 ай бұрын

When people talk about a zero credit score, they're actually talking about not having a credit score at all.

@DoctorSmartyPants

7 ай бұрын

@bornaries.....no, they are not saying that.

Dave, I need your help. I want to be a premium Every Dollar App member, but I'm from Puerto Rico and the payment must be from within the actual US. Isn't there anything we could do to solve this? Please, and thank you.

Now just how is it possible for the single mother working a minimum wage job going to save $20000 to buy a car? Come on. As much as I hate credit scores, they are a yardstick that lenders use to determine your ability to repay the loan and set your interest rate.

@amireallythatgrumpy6508

7 ай бұрын

They should have saved that up BEFORE becoming a mother. If you're not proactive you are a failure. By the way, loans are for idiots.

@danieljohnson4418

7 ай бұрын

Or even a $5,000 vehicle for that matter.

@amireallythatgrumpy6508

7 ай бұрын

Yet another idiotic comment. If you are reacting to life you're going to be struggling. You need to get ahead of it if you have any chance of success.@@danieljohnson4418

@michaelpalumbo4880

7 ай бұрын

It's called child support and also alimony if she married before she carried.

@lucaslevonmusic

7 ай бұрын

Don’t have kids if you’re poor

What about renting an apartment for one single individual in Westchester County, New York with no credit score? I’m trying to find information on manual underwriting for this specific circumstance but I’m coming up nada.

@amireallythatgrumpy6508

7 ай бұрын

Why would you want to live in an apartment? They're not fit for human habitation. They're only fit for bedbugs, cockroaches and maybe spiders.

@llcross04

7 ай бұрын

@@amireallythatgrumpy6508This is a weird comment. More people rent apartments than own houses, you do know that right. Especially in a major metropolitan area like New York City

@LaurenC1.4

7 ай бұрын

Focus on applying for a rental run by small landlords not corporate run apartment complexes. At this point, all of the corporate complexes run credit. Many small landlords do too, but not all.

@amireallythatgrumpy6508

7 ай бұрын

I do know that. I also know that most people struggle to outsmart a brick. @@llcross04

@franklincheney3653

7 ай бұрын

@@amireallythatgrumpy6508 Spiders have to eat something ;-)

800+ credit score and got amazing rates when I bought my first home. Debt free and use my credit wisely. If you are not responsible with money, these people are for you.

@amireallythatgrumpy6508

6 ай бұрын

You have a credit score? That proves that you're irresponsible. As does the fact that you live in the USA.

Love Jade…keep your head up…there will always be those that disagree. I personally do not agree with the zero credit score but I still appreciate your overall message

You only need credit for underwriting purposes. In reality, some lenders can waive credit history/score if your DTI (debt to income) is low. You might have a 750 credit score and a bunch of debt that will make you uneligible for a loan due to a high DTI

A low score and no need for debt is better than a high score and relying on debt. But (in my opinon) a good score isn't really a big deal if you aren't paying high interest.

I really like Jade. She's one of the best. Up there with John. Don't let the comments get to you.

Absolutely love Jade! Very insightful and intelligent

If you can't outright pay for something you don't need it yet. The instant gratification gen is ridiculous.

@kensmith2796

7 ай бұрын

Very few people can pay for housing outright. Guess they don't need it. Same for college , it should just be for rich folk's children.

@duncanramsay9262

7 ай бұрын

@kensmith2796 young adults who learn to save and not get caught up in haveing to have the newest thing

She does things her way but Ramsey wont let them say it's okay to pay off your cards in full, get points for gifts so you don't touch your savings, get low interest if you do need a small car loan. It's all good either way. I'm happy with my 840 score and my mortgage is paid off and I pay my credit cards as I spend, it's just being good at it that gets me the score I guess. I have debt for a week, but don't pay interest. Traveling, I don't want to carry my debit or cash only. No way. I heard how hard it is for John to travel with Ramsey.

@nathangallagher5112

7 ай бұрын

All that your 840 credit score tells me is you are great at taking out debt, racking up vacation expenses, and leaving no money left over for something like a small car purchase. Congrats.

@lkj0822g

7 ай бұрын

@@nathangallagher5112 Tells me they pay their bills on time, have little or no debt, and have a long history of sound financial management, Yes, congratulations are in order.

@workinprogress-ye5or

7 ай бұрын

@@nathangallagher5112 That's certainly not me. I have a decent savings account, 401K and CD's. My mortgage is paid and both cars. All you need to do is PAY your bills. Geez, it's not rocket science. If you have the money and put it on card, you can get many points and no interest and no fees. I got 100 dollars for buying something online and used it toward a vacuum. My sister got hundreds on her Discover and bought almost everyone GC for things they liked and didn't have to touch her savings. That is free money when you don't pay interest or fees yearly. Rich people don't get rich on cards, but they do get perks. You just have to be able to not succumb to the temptation of buying things you can't afford

@NatalieG427

7 ай бұрын

@@nathangallagher5112 To businesses you do business with, it shows that you are responsible with your money & pay your bills on time. The high credit score in no way shows the person has no other money to their name. Non Sequitur. The advice giving in the video is still erroneous for obvious reasons. The average person cannot just pay cash for everything like in horse & buggy days. Many businesses require you give them a credit card number, if only to secure something for you. And there are businesses you HAVE to deal with & have no choice.

@kiknchiknstudios8901

7 ай бұрын

@@nathangallagher5112 You seem salty. Almost as if you need someone to tell you how to manage money. Don't be mad at those who do know how to though.