ilmscore | I (almost) Gave Up.. | Financial Audit

I (almost) Gave Up.. | Financial Audit

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
A prediction that the guest will let their credit card go to collections and then pursue debt consolidation.
"You're going to let your credit card die. Go to go all collections and just do some debt consolidations."
Financial Management
Pending
The guest's federal student loan payments are predicted to be around $50-$100 per month due to automatic enrollment in the SAVE repayment plan based on their income.
"Your student loans will be about 250 bucks. I'm actually you're going to be automatically enrolled into the RAP plan repayment assistance program at your income level, household income. I'm going to assume your payment is going to be like 100 bucks a month. Okay, maybe 50."
Student Loans
Pending
A prediction that the guest will obtain a car loan with a high interest rate (around 19%) through a lender like Capital One, but it will be manageable within their debt snowball plan.
"This would be through like Capital One or something. Yeah, you might. You're going to trade in possibly maybe a negative equity position. You're going to take out a loan like close to like 19%. Something like that. Yeah, it's going to suck, but it doesn't matter cuz you're not going to have it for long cuz you're going to include in your snowball."
Financial Planning
Pending
It will take 17 years to pay off a specific debt if only minimum payments are made and no further purchases are added.
"This is 17 years to pay off if you do minimum payments only without any purchases."
Debt Payoff Time
Pending