Personal Loans Will Cause The Collapse (Blame FinTech?)
Will personal loans (often for debt consolidation and debt relief) cause the collapse of the US economy? The 3 Things You MUST Do Before Getting A Personal Loan…
5:36 – #1 – Always shop around.
6:00 – #2 – Understand ALL the Terms & Conditions.
6:23 – #3 – Have a strategy for the loan.
0:46 – BONUS – Background on Personal Loans and FinTech
We face some large challenges in the coming months, as the financial effects of the pandemic will soon be felt (see our videos on the upcoming 2020 housing market crash, linked below). We know that something is going to give, but we don’t know to what extent that economic collapse will go…
In today’s episode, Matthew Pillmore, president of VIP Financial Education, takes a look at a new plague of debt that is sweeping the nation: Personal Loans. Specifically those by what are referred to as FinTech companies. FinTech companies include those known by all, companies like PayPal, Venmo, ApplePay, and the stock trading app Robinhood. The ones we’ll discuss in today’s episode are getting to be more and more well known, especially with the extreme amounts of marketing these companies have done in order to be on so many American’s minds as they deal with the personal financial fallout of the global pandemic. FinTech debt consolidation instant personal loan companies like Avant loans, Affirm, Prosper, and Sofi.
Personal loans can be a good Debt Weapon option for certain situations, but not all – and more often than not, they are actually one of those options that can do more harm than good – despite all the savvy marketing they do that says otherwise…
Housing Market is Going To Crash SO HARD
TIMING the Housing Market Crash 2020 (WE HAVE THE DATA!)
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#EconomicCollapse #DebtWeapon #InstantPersonalLoan