Dave Ramsey and College Loan Corporation

A video about one of the companies Dave Ramsey used to push.

http://thepiratesofmanhattan.com/

Category:

People & Blogs

Tags:

• Dave
• Ramsey
• College
• Loan
• Corporation

[bocamellia]

I am confused. You seem to be implying that Dave Ramsey endorsed CLC as an investment option. I am pretty familiar with Dave's strategy and information. The only thing I see Dave recommending CLC for was people looking to consolidate existing student loans, and that with strict conditions: combined to one loan, fixed-rate, and no extension of time. I think you may have missed something or intentionally took an ad out of context for an opportunity to criticize.

[PiratesofManhattan]

no, dave recommeded college loan corporation as a bona fide vendor, not as an investment. college loan corporation. clc is one of the companies at the heart of the student loan collapse, the company no longer writes loans, actually involved in the predation of student loans with sallie mae, nelnet, citibank and jpmorgan.

[metalhead33]

barry dyke is a duche

[PiratesofManhattan]

You are pathetic. Six year old children can spell better than you.

[bocamellia]

@VA6th Actually, it is very sound advice. Conquering an individual debt creates motivation to keep going. If a person tries to tackle a large interest debt which is really large, they can become discouraged and give up. Keeping it simple allows people to stay focused and knock them off one by one. If you looked closer into what he teaches and WHY he teaches it, you would understand and see the bigger picture. Differing interest rates on debts do not amount to life changing amounts of money.

[VA6th]

@banterking11 Links to osama bin laden? Seriously? Troll, troll, troll your boat...

[VA6th]

@bocamellia Dave Ramsey doesn't always provide the soundest advice. For example, Dave says to pay off the smallest debt first. This is not actually the most efficient way to get out of debt. The most efficient way is to pay off the largest interest rate first. (Let's say you have something at 6% and something else at 9%.) Paying off the 9% first - because it's the highest rate - will save you a substantial amount on interest over the life of the payments that can then be applied to the 6% acct.

[burunowae]

Could you please link me to where David actually endorses this?

[bocamellia]

You realize those "recommended" are paid advertisers right? You also realize Dave does not recommend using anyone to create debt? CLC was a source for consolidating existing loans and that the individuals demand certain conditions in those loans. I am not understanding how your comments and criticism relate to that. My experience tells me anyone lending money has a "dark side." That is why Dave says stay away from the start. You are saying there is some righteous student loan vendor out there?

[PiratesofManhattan]

Don't post when you don't know what you are talking about. Not only were all life claims paid by virtually every life insurer, all group life reinsurers were assessed millions of dollars-which they paid, and the U.S. gov't paid over $6 billion in additional life claims. Primerica in same boat as everyone else.