i suggest watching vimeodotcom/13770061 . if you wanna learn about how interest, debt , and essentially how the monetary system really works, check out the link.
Maybe you could make a personal finance video showing how individuals should just not borrow money from companies like Visa and avoid being a "credit slave" altogether...
In their defense, Visa (and Mastercard) just run the networks and get a fee when you use your card. You are borrowing the money from the bank issuing the card. I think I should do a video on this.
i was looking for the information on what the credit card companies can actually take from you if you had a medical emergency and cant pay back anything.
We are running this video as a trial. If it makes sense for both organizations, they may pay me to make more personal finance videos. Part of the agreement would be for me to have complete editorial freedom.
@khanacademy If I remember correctly, credit card companies actually make more money if you file bankruptcy, as they have insurance for it and/or they get a tax write-off, compared to if you were to pay the minimum payment over many decades. Plus you can't file again in 7 years, so they can lend to you at low risk now. So it makes sense for them to sponsor this.
We like your channel, so many legal tips always receiving from you! Thanks!
LegalAdviceAid 2 months ago
ty
makeiteasyable 2 months ago
What happens to the creditor? Who covers the creditors risks?
god4506 6 months ago
i suggest watching vimeodotcom/13770061 . if you wanna learn about how interest, debt , and essentially how the monetary system really works, check out the link.
xecut10n3r 1 year ago
awesome information
LiveReligiously 1 year ago
really liked the video.
cageybee777 1 year ago
Maybe you could make a personal finance video showing how individuals should just not borrow money from companies like Visa and avoid being a "credit slave" altogether...
uselessfaith 2 years ago 3
You said it!!! Good one!!
arev1977 2 years ago
In their defense, Visa (and Mastercard) just run the networks and get a fee when you use your card. You are borrowing the money from the bank issuing the card. I think I should do a video on this.
khanacademy 2 years ago 7
Comment removed
gosox773 2 years ago
After your bankruptcy the credit card companies bombard you with tons of credit card offers again now that you don't have any debt.
virtualwebman 2 years ago
so are you doing p.o.b now
krai999 2 years ago
nice, I hope this helps fund Khanacademy!!
aznwilly211 2 years ago
i was looking for the information on what the credit card companies can actually take from you if you had a medical emergency and cant pay back anything.
therockkkkher 2 years ago
Are you sponsored by visa now?
If so... Nice
Budisawsome 2 years ago
We are running this video as a trial. If it makes sense for both organizations, they may pay me to make more personal finance videos. Part of the agreement would be for me to have complete editorial freedom.
khanacademy 2 years ago 6
@khanacademy If I remember correctly, credit card companies actually make more money if you file bankruptcy, as they have insurance for it and/or they get a tax write-off, compared to if you were to pay the minimum payment over many decades. Plus you can't file again in 7 years, so they can lend to you at low risk now. So it makes sense for them to sponsor this.
FortNikitaBullion 1 year ago