apporamas worked in during the credit bubble 2002-2007, that easy money is way over and i seriously doubt youll be able to pull a good one off ever again in the future credit environment
lol this bitch doesn't know what she's talking about. What is it about america where complete tards can get into positions of power and the ability to influence people?
i thought about doing this a couple months ago but never pulled the trigger. my fico is over 700 and i'm good with staying organized with my money so i dont think i would have any problem making sure payments were due on time, etc.
I may have to look into this again. thanks suze for convincing me to reopen this chapter and jump on the apporama wagon. w00t
9:47 - I have had my FICO score drop into the 650 range, and it has never affected my auto premiums. Perhaps it does with some companies, but not mine.
This is typical Suze fare. She tries a one-size-fits-all approach, and fails miserably. I have made over $5000 on app-o-rama over the past 20 months. It's true that it's not for people who do not carefully analyze the terms of the agreements, or ones that are careless and would miss payments or fail to pay back at the end of the term...
7:38 - Suze states that BT fees are usually a minimum of $75 up to 3% of the BT amount. Again, this is untrue. Many offers are for a min of $10 with no max, 3%. However, there are numerous offers of $75 cap BT fees (even $0 fees) still available. I don't know of a single lender charging a $75 minimum!
9:15 - Suze makes it sound like the lender can change the 0% rate anytime they like. This isn't true, and she explains that afterward, but she is quite misleading in her initial statement...
7:10 - Suze states that you need to do a cash advance first to do this strategy. This is simply untrue. I know that both Chase and Bank of America are happy to dump balance transfer money directly into a checking account. I have personally done it four times!
5:14 - Suze says that you need a FICO of 760+ to get a 0% offer. This is simply untrue.
6:12 - Suze says that the 5% rate you get will only end up as 3% after tax. Actually, for most people, it will be about 3.5%, which is a lot different. Also, if you have $50,000 invested, that 3.5% adds up to $1,750 per year. That's more than many people pay in PMI every year. Doesn't seem like small potatoes to me!
Check out The B Word budget method found at thebword(dot)com. The B Word system addresses the management of cashflow. It's the part of money management that you never hear finance professionals discussing. It's a mystery to me why...??
Suzie is wrong. You don't have the best credit score to get the 0% balance transfer. These are teaser rates to get you to use the card. Credit card companies make more money from you using your card for items than on interest.
I think she is correct on saying that it's not a good way to scam the credit card, because you'll have to make the monthly payment and the bank can change your interest anytime. The bank is in it to make money, if they know they can't profit, they won't do it.. You know the house always win when you gamble..
When she says you need a high Fico score to obtain a 0% credit card, what she meant is you need that high score to get the $50,000 or $30,000 limit, which is how you could make a significant amount of money on the 5% interest rate that a bank would offer. If you get a 650 Fico score and you get $9,000 at 0%. After a year, you would only make $450 on that at 5%. Obviously, much smaller.
she is wrong about 0% offers. ive gotten 5 or 6 0% offers with credit scores of 640- 660, my highest limit being $9,000 and that was before any credit limit increases. she needs to do her research. she lost all credibility after that statement.
apporamas worked in during the credit bubble 2002-2007, that easy money is way over and i seriously doubt youll be able to pull a good one off ever again in the future credit environment
dave997 2 years ago
Good. I'm glad she is against it. That way the sheeple will stay away, and leave the profits to the critical thinkers.
se7enred7 2 years ago
lol this bitch doesn't know what she's talking about. What is it about america where complete tards can get into positions of power and the ability to influence people?
dudesuperior 3 years ago
uhhh maybe what she says works..have you listened
kmcl11 3 years ago 5
@kmcl11, no, why would he? look at his name...
SupHobagg 2 years ago
@dudesuperior, you sir, are the tard here
SupHobagg 2 years ago 2
I LOVE THIS VIDEO. ARTHUR ROBINSON.
americanplanninginc 3 years ago
i thought about doing this a couple months ago but never pulled the trigger. my fico is over 700 and i'm good with staying organized with my money so i dont think i would have any problem making sure payments were due on time, etc.
I may have to look into this again. thanks suze for convincing me to reopen this chapter and jump on the apporama wagon. w00t
yobuttin 3 years ago
9:47 - I have had my FICO score drop into the 650 range, and it has never affected my auto premiums. Perhaps it does with some companies, but not mine.
This is typical Suze fare. She tries a one-size-fits-all approach, and fails miserably. I have made over $5000 on app-o-rama over the past 20 months. It's true that it's not for people who do not carefully analyze the terms of the agreements, or ones that are careless and would miss payments or fail to pay back at the end of the term...
boyydz 3 years ago
7:38 - Suze states that BT fees are usually a minimum of $75 up to 3% of the BT amount. Again, this is untrue. Many offers are for a min of $10 with no max, 3%. However, there are numerous offers of $75 cap BT fees (even $0 fees) still available. I don't know of a single lender charging a $75 minimum!
9:15 - Suze makes it sound like the lender can change the 0% rate anytime they like. This isn't true, and she explains that afterward, but she is quite misleading in her initial statement...
boyydz 3 years ago
7:10 - Suze states that you need to do a cash advance first to do this strategy. This is simply untrue. I know that both Chase and Bank of America are happy to dump balance transfer money directly into a checking account. I have personally done it four times!
More to come...
boyydz 3 years ago
5:14 - Suze says that you need a FICO of 760+ to get a 0% offer. This is simply untrue.
6:12 - Suze says that the 5% rate you get will only end up as 3% after tax. Actually, for most people, it will be about 3.5%, which is a lot different. Also, if you have $50,000 invested, that 3.5% adds up to $1,750 per year. That's more than many people pay in PMI every year. Doesn't seem like small potatoes to me!
More in my next comment...
boyydz 3 years ago
This has been flagged as spam show
Check out The B Word budget method found at thebword(dot)com. The B Word system addresses the management of cashflow. It's the part of money management that you never hear finance professionals discussing. It's a mystery to me why...??
thebwordbudget 4 years ago
Suzie is wrong. You don't have the best credit score to get the 0% balance transfer. These are teaser rates to get you to use the card. Credit card companies make more money from you using your card for items than on interest.
kevinspring 4 years ago
I think she is correct on saying that it's not a good way to scam the credit card, because you'll have to make the monthly payment and the bank can change your interest anytime. The bank is in it to make money, if they know they can't profit, they won't do it.. You know the house always win when you gamble..
hughvang 4 years ago 2
So it is fair for credit card companies to scam us but not us them. That is stupid. I bet Suzie has advertisers from Visa and Amex.
kevinspring 4 years ago
Of course not, I take most of the advice of Suze but I inform myself from other sources or the official ones to.
Everybody should do that before doing that, just in case.
DarkLadyAthena1 4 years ago
When she says you need a high Fico score to obtain a 0% credit card, what she meant is you need that high score to get the $50,000 or $30,000 limit, which is how you could make a significant amount of money on the 5% interest rate that a bank would offer. If you get a 650 Fico score and you get $9,000 at 0%. After a year, you would only make $450 on that at 5%. Obviously, much smaller.
nataliekei 4 years ago 2
This comment has received too many negative votes show
LOL, f-ing moronic. Only a tard would listen to this loud braud.
sprb5000 4 years ago
You are just mad because you are broke. Also, you can never get a woman this hot in your life.
maworeb 4 years ago
You broke right?
and want everybody else to lie low and broke so you will feel good.
DarkLadyAthena1 4 years ago
I only have a FICO of 650 and I got a 0% credit card.
kmcl11 4 years ago 4
she is wrong about 0% offers. ive gotten 5 or 6 0% offers with credit scores of 640- 660, my highest limit being $9,000 and that was before any credit limit increases. she needs to do her research. she lost all credibility after that statement.
usmsci 4 years ago
she meant in general
you have to be informed before you listen to her, first ask your credit buerau or be well informed, it is the best way to be prevented.
DarkLadyAthena1 4 years ago
wow wonder why i got a -5? all i did was speak the truth. wonder if someone just got mad because i corrected her. she was plain wrong.
usmsci 4 years ago
Thanks for the video. She doesn't know anything about AOR. Better learn from SIS or interview him!
ambersco 4 years ago 3
Thanks, Rapacious!
g10ny 4 years ago