EFFORTPOST Couple of r-slurs exchange 0% interest cards for a 21% interest personal loan :marseyxd:

https://youtube.com/watch?v=35gHJt89gOo

Sam, 26

Michael, 28

Rio Grande Valley

Personal Life/Career:

  • Recently married, April 6th this year

    • Engaged for 4 months

    • Dating for 4 years

    • Never talked about finances before getting married?

  • Assistant Manager (Her) timestamp

    • 2'100 a month roughly
  • Truck Driver (Him) timestamp

    • 2'400 a month
  • She is currently in school? timestamp

    • Studying Social Work? Doing a Masters

    • She has student loans but I did not catch what they were

Financials:

  • Combined finances less than a month ago, she added him to her account

  • "Different opinions" on spending timestamp

    • She says she's more frugal, he likes spending on electronics and vehicles

    • He Upgraded to new iPhone, FOMOS into newest thing

  • How do their financial conversations go? timestamp

    • She says she wants to pay off debt quickly, "to zero as fast as possible" even if it's 0% apr

    • "He sees zero apr and he's like oh, we don't gotta pay anything at all"

  • They have zero in their savings (paid off some cards recently)

  • She paid off a few things that were at 0 instead of another 0 that was about just hit the interest period timestamp

    • "To be fair he signed up on a property without me knowing" :marseyxd:

    • 120'000 property? He told her he was going to look and he ended up buying it on sight? "Owner to Owner financing"

      • Before marriage

      • Paid 117'000 with financing?

      • Applying to refinance "soon" timestamp

        • Currently at 12% over 30 years

        • they want a lower monthly and fewer years

    • Specifics timestamp

      • 6'000

      • There's another 6'000 that went to paying the parents?

        • Paying back parents for wedding?
  • Built a 860 sq ft "frame house" on the property timestamp

    • Property is 3 acres

    • Building the house cost $37'000

  • Score timestamp

    • He says - 8

    • She say - 4

  • Credit Card 1 (Wells Fargo) ($4'120) tiemstamp

    • $42 minimum payment

    • 0% interest until October

    • 92 in new purchases

    • CC was opened because she wanted to start a business timestamp

      • Coffee cart selling expresso drinks outside markets

      • "Got busy" so she couldn't keep doing this, sold all equipment - didn't make money? timestamp

        • Awkward laugh when asked what she got from the sale? Got 2500 back?

        • Spent 10'000 on this?

        • Got a job because this wasn't working well?

  • Credit Card 2 (4'028) timestamp

    • Interest about to start accruing

    • Paid 5'000 - claims she doesn't remember where she got this

      • Balance was 9'000

      • After getting pressed, says it was from a 20'000 personal loan

    • 92 in new purchases

  • Personal Loan (21'749) timestamp

    • 21% interest

    • Gets pressed hard on why she traded 5'000 at 0% for a 21% :marseyxd:

    • more info timestamp

      • In her name

      • They didn't know it was $21'749

      • Weren't able to make any minimum payments because of his motorcycle? timestamp

        • He doesn't even use it and now it's busted - front shock went out and it would be a 2'000 repair bill
    • Paid off the bike with this timestamp

      • 227 a month

      • 7'000 balance on it

      • 7% interest rate :marseyxd:

      • Bike's used value is around $9'000

  • She remembers why she paid off his credit cards timestamp

    • She did not like the monthly minimum payments?

    • "I don't know what I'm doing"

  • Credit Card 3 (Lowe's) timestamp

    • Paid off, one of the things in that personal loan

    • Would have been interest free for another couple months?

    • Ate a late fee at some point

    • Was 2'000

    • Paid for a washer/dryer on here? timestmap

      • 0% financing at Lowe's

      • Her dad had given money for washer/dryer, he used it for the wedding and 0%'d the washer/dryer. She did not know about this and thought they were paid for in cash?

        • Her parents are divorced :marseyxd:
  • Credit Card 4 (Discover) ($10'656) timestamp

    • To build the house - he clarifies that it was finishing the interior of the house

    • "Because we didn't have the money for it" :marseyxd:

    • He has never watched the show before - she has

    • Roughly 3000 a year in interest accruing on this?

  • Credit Card 5 (City Simplicity) ($5'909) timestamp

    • His, she paid this one off as part of the personal loan

      • actually this was with the wedding gifts? 6'000 in wedding gifts? actually the wedding gifts and some savings?

      • Actually it was a different much smaller card she paid off :marseyxd:

    • 0% interest :marseyxd:

      • He thinks this ends by August

      • Actually it ended 3 weeks ago :marseyxd:

    • $59 minimum payment

    • 29%

  • Credit Card 6 (Home Depot)

    • Paid off
  • Credit Card 7 (Capital One Savior One) (Paid off) timestamp

    • A bunch of Amazon purchases on this one - for the wedding?

      • Lights, table covers, etc?
  • Credit scores -

    • His is 630

    • Her's is 695 (last she checked)

  • "How did she convince you to come on this show?" timestmap

    • He didn't want to come on :marseyxd:

    • He didn't watch the "on-boarding video" because "she didn't tell him about it" :marseyxd:

    • they try to justify their financial opinions timestmap

  • Purchased a water slide timestamp

    • He is trying to make money with this by renting it out?

    • $1'600 total

    • Hasn't been able to rent it yet? :marseyxd:

  • Bought some pc fans timestamp

    • He's been playing Helldivers 2
  • Attempts to convince them not to be r-slurred timestamp

  • He has 3 vehicles timestamp

    • 1 at his house

    • 1 at parent's garage

    • 1 his dad uses

  • Checking Account ($31) timestamp

    • Disastrous amount of eating out :marseyxd:

    • It's like they think credit cards are literally free money

    • 453 just on going out to eat :marseyxd:

    • Phone bill is $185 (they both owe on their phones)

  • An attempt to explain how interest works timestamp

  • Budget time timestamp

93
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expresso

Ruined the thread. Can't read anymore :mars#eyindignant:

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