Browse topics like loop Skip to Videos All | predatory debt | APR | credit concepts | credit scores | determining loan costs | how loans work | payday loans | flex loans | tribal loans | @betterfi | @spikeatbetterfi | "PAYMENT HISTORY" on Credit Karma doesn't mean what you think. What is the "base segment" that lenders send to the bureaus and what does it mean for the "payment history" shown on something like Credit Karma? 100 month car loans are expensive traps! A lot of news articles about 100 month car loans are circulating – are 10 year car loans far behind?? A long car loan is a trap in multiple ways. The Only 2 Google Sheet DEBT Equations You Need Use these Google Sheets equations to figure out HOW LONG you’ll need to pay and HOW MUCH you’ll need to pay to pay off your loan or debt. You're not paying attention to the RIGHT credit score! What's the deal with credit scores anyway?? How can a PAYDAY LOAN have 460% APR but "NO INTEREST??" Payday lenders might claim "NO INTEREST" but the APR is still more than 400% – how does that work?? THREE #CREDIT MYTHS Three credit myths about paying bills, income, and whether or not bad credit is irredeemable! Think you know how much interest I'd pay? #credit #finance How much interest do you pay on a 10% loan over one year? Most people get this wrong. What a is a "debt loop?" #endpredatorylending #thecreditrepairshop How does the super-expensive-loan “debt loop” or “debt trap” work? Do predatory lenders have to charge so much?? #debt Predatory lenders say they HAVE to charge triple digit APRs – is it true? 12 Years Ago Tennessee Created "Flex Credit" #credit #debt 12 years ago Tennessee created “flex credit” and could barely articulate the costs on the state house floor. Just how expensive is a "tribal loan?" #credit #debt Just how expensive is a “tribal loan?” Check out some of these examples that are >700% APR. Tennessee is Home to Something WORSE than a Payday Loan #debt Tennessee is home to something worse than a payday loan: it’s called a “flex loan.” Not all #DEBT is created equal: three loan types that trap families already in a bind These three types of loans trap people: payday, title, and flex loans. The BUY HERE PAY HERE Car Lot Loan Trap! #debt What makes the “Buy Here, Pay Here” car lot loan especially risky? Why does it seem like some loans don't pay down? APR! #debt What is the best way to figure out why a loan isn’t paying down? APR! There are only 3 things that affect the cost of a #loan #finance101 What are the three factors that affect loan cost?
