How to quickly get rid of credit card debt
I’m excited about today’s content, I’ve done it in the past, and it has led to this, because I think that what I want to share can save so much money, tens of thousands of dollars, and I know that’s because I’ve done it since I worked in a financial institution.
I’m excited that what we’re talking about today is collateralizing debt, which may sound fancy, but it’s essentially a way to make us pay back our credit card debt, quickly build up our credit score, and save a lot of money quickly.
So, it’s all very well, and it’s easy to do, so I know about it, so if you’ve ever seen these ads have five tips to pay off a credit card or a secret faster, the bank doesn’t want you to know it.
I have never seen those things, so I don’t know what they are talking about, but this is my version, which is my secret card debt that is quick to repay credit card debt or to quickly reduce interest rates, so the whole thing about this is the credit card personal credit line, which is called unsecured debt.
As a result, interest rates are usually high, and like houses or cars, there are some things that support loans like a RV or a house contract, which makes the interest rate lower because the banks have less risk, and there are some real things about that debt.
As a result, many people find themselves with 3% vehicle loans and 15% credit card income, significantly lower and much higher.
The problem is that most people spend their lives paying for debt because I work hard every day to save as much money as possible. Let them know why you have a credit card debt.
If you have a vehicle loan, that’s 3%, because many banks will do that they will transfer the debt from a credit card to a vehicle loan, which may happen when you refinance that it might happen to you to buy a car.
There are a lot of opportunities to do, people need to start using this, because it will save so much money, so it works by you have a vehicle loan, you have already funded a place, let us pretend you owe $10 thousand.
It’s worth $15000, you’ve got a couple of years of vehicle loans, you have a chance to build an equity, and then you have a $3000 credit card debt, and it’s 15%, and what you can do is look at the bank.
I want to add 3000 dollars to my vehicle loan, and I want to increase the size of my vehicle loan, and when they add money to your vehicle loans, they will put the same amount in your savings or checking account.
What you do with this money is that you simply pay off your credit card, so your credit card is gone and you owe you 3000 dollars in owning you, and your vehicle loan says I owe $10,000 to $13000.
But now you calculate a $13000 debt with a vehicle loan interest rate, you don’t have to worry about the 50% credit card again. It’s done, so you save money because your interest rate has fallen a lot because of your capacity ratio, the credit score will rise.
If you don’t know what this is, I did some things about credit cards and how they affected your credit last time, but your credit score will rise because of this, which seems to be a big problem for many people.
But this is huge. We may have made hundreds of thousands of dollars in loans this year alone. I know and I bet that because of all this, we could save at least 50,000 dollars for people, and it’s not small money for me to take advantage of it.
If you think you have the ownership of a vehicle, but you have some unsecured debt, try to transfer it, to be honest, it’s easy to do and can have such a big impact, so what I want to do is to share what I’ve done recently, and you can see how these things work.
So I recently helped, and I have a major credit card, which is $6. 300, and it’s $fifteen, so her balance is sixty three hundred, this is 15%, and she has a $69 loan rate of 6 percentage points nine.
She paid between two credit cards for the loan, and she now paid $four hundred and fifty a month, and she kept the loans because they set up math and said it took thirty-five months to pay off.
Finally, she will pay two thousand five hundred and eighteen dollars and sixty-eight cents, which is its setting, so I’m talking to the member, and the result is that she has a free and clear car, and she has these debts.
But they don’t guarantee, you’ve got her car paid off, so we talked about why you don’t use the value of your car and pay off all the other debts to zero. You have only one payment and much less interest rate.
Here is the mathematical calculation, so now she has vehicle loan of thirteen thousand and two hundred dollars, the total amount of the two previous loans, she kept the same monthly payment, she said I wanted to pay this as fast as possible.
Let’s keep the same monthly payment, and I’ll continue to pay 450, so her interest rate has fallen so much that she shortens the deadline from thirty-five months to only thirty months and the total interest, and it turns to $two hundred and fifty-eight and six cents, which is how much she has saved.
She’s from twenty five hundred and eight hundred and sixty – eight cents to two hundred and fifty-eight dollars and six cents. She doesn’t pay any price. It’s not complicated. It’s finished and she keeps the money, so that’s what I mean to share with you today.
This is very simple. Please look at it carefully. What I’m going to start with is that I’ll start to share some of these successful cases, and I’ll do it with the real numbers of the people I’ve helped and show you how much money they said.
If you have any questions, please make a comment below and contact me. I’d be happy to discuss everything with you. If you already know this, please comment below and tell us how much money you have saved for it. I want to make it popular.
That’s the way I want to help people save money, so thank you so much for your time, take care and have a nice day. I hope you can learn something new and consolidate your financial situation. I will continue to provide more information, so please continue to pay attention, but please continue to subscribe to the reviews and have a good day.