ilmscore | $160,000 Of LGBT Debt | Financial Audit

$160,000 Of LGBT Debt | Financial Audit

Predictions from this Video

Total: 47
Correct: 9
Incorrect: 3
Pending: 33
Unrated: 2
Prediction
Topic
Status
The speaker is not doing well financially in their current role as a car salesperson, indicating a potential for future financial struggles or changes.
"Um, I do okay. I don't I wouldn't say that I'm doing well. I'm getting back adjusted to it, but I'm definitely doing okay."
Income from car sales
Pending
Average annual income for car sales professionals in Houston is estimated to be between $55,000 and $60,000.
"in Houston, We're talking ranging from 55 to 60 a year is what people are making in car sales."
Car sales income in Houston
Correct
The speaker's DoorDash income, after expenses and before taxes, is estimated to be between $300 and $400 per month.
"After gas and everything I'm probably and I've not put aside much when it comes to taxes cuz I just started doing this. Um, I would say probably somewhere like $300 to $400 a month, which is just a little bit"
Monthly income from DoorDash
Pending
The speaker receives $1,500 per month from the GI Bill while attending school.
"Bringing in with that $1,500 a month while I'm in school."
Monthly income from GI Bill
Correct
The speaker previously earned between $4,000 and $5,000 per month from gaming.
"It would depend on the month, but I was making like about the same as what I made from the school. About $4 to $5,000 a month."
Monthly income from gaming
Pending
The speaker owes $21,000 on their truck.
"I am 21,000 in the hole on that truck."
Truck loan balance
Pending
The original financing amount for the speaker's truck was $75,000.
"I had originally financed on that truck 75,000."
Truck loan balance detail
Correct
The minimum monthly payment for the speaker's truck loan is $1,115.
"The minimum monthly payment is $1,15,"
Truck loan payment
Pending
The speaker has $24,000 in negative equity on their truck loan.
"Yeah. How much? $24,000."
Truck loan negative equity
Pending
The speaker has approximately $67,000 in depreciating equity on their truck, in addition to negative equity.
"Plus an additional about $67,000 of depreciating equity."
Truck loan total negative equity
Unrated
The speaker's truck payment consumes 50% of their income.
"Half of your income goes to this car."
Truck monthly payment as percentage of income
Pending
The speaker owes $23,344.38 on their Kia Nero.
"Why'd you get a car that was $23,344.38 is what you owe on it?"
Kia Nero loan balance
Pending
The monthly payment for the Kia Nero is $555.97, which is less than the fuel costs for the truck.
"The payment is less on the car than what I was spending in fuel on the truck to get to and from work every day. The payment is less on the car than what I was spending in fuel on the truck to get to and from work every day. $555.97."
Kia Nero monthly payment
Incorrect
The speaker's minimum monthly car payments account for 76% of their income.
"that is $1,6714. Divide that by the 22 you make. 76% of your income goes to your minimum monthly payments on your car"
Total car loan payments as percentage of income
Pending
The speaker estimates they would get $22,000 if they traded in their Kia Nero, leaving them $40,000 under the loan balance.
"Probably like 22. We're $40,000 under cars."
Kia Nero trade-in value vs. loan balance
Correct
The speaker took out $2,550 in cash advances.
"Yeah, What the he did? $2,550 of cash advances."
Cash advance debt
Pending
The speaker incurred $260 in fees for cash advances.
"$260 of fees."
Cash advance fees
Correct
The cash advance accrues interest at a rate of 11% per month.
"it acrews 11% a month."
Cash advance interest rate
Incorrect
The monthly interest rate of 11% on the cash advance translates to approximately 100% annually, potentially higher depending on payoff time.
"So that 11% fee is like every month. Yeah, the balance it acrews 11% a month. Yeah, so there's a statement balance fee. Like that's what that is. So this like 100% a year depending on how long it takes me to pay it off. Yeah."
Annual interest rate on cash advance
Correct
The speaker is effectively borrowing money at a 130% annual interest rate to fund slot machine gambling.
"So we're talking We're basically talking like a like a 130% a a year. 130% a year for slots. 130% loan for a slot."
Total debt from cash advance and slots
Pending
The speaker previously lost between $1,000 and $2,000 per month on slots.
"Anywhere from a,000 to $2,000 a month."
Monthly loss from slots
Unrated
The speaker lost approximately $500 on slots last month.
"Last month was maybe like 500 bucks."
Monthly loss from slots last month
Pending
The speaker's slot losses last month represented 23% of their income.
"That is still literally 23% of your income that went to slots."
Monthly loss from slots as percentage of income
Pending
The speaker has an Upstart loan of $4,312, with a finance charge of $5,000+, bringing the total owed to $9,314.71 at a 36% interest rate.
"He borrowed $4,312 and the finance charge attached to it at that 36% interest rate is literally more at $5,2.71. He owes a total of $9,314.71."
Upstart loan balance and finance charge
Pending
With a minimum payment of $1,552, the speaker's Upstart loan balance of $9,314.71, at a 36% interest rate, will take until 2030 to pay off and will result in paying back over $9,314.
"It is done in 2030. $9,314.71. Minimum monthly payment $1552. It's going to be forever."
Upstart loan payoff time
Pending
The speaker has another Upstart loan of $1,100 with a $400 finance charge over two years, totaling $1,439.13.
"you borrowed $1,100, but the finance charge is only 400 for this one. Must it must be a quicker payment term. It is two years. $1,439.13"
Upstart loan 2 balance and finance charge
Pending
The minimum monthly payment for the second Upstart loan is $79.
"minimum payment $79."
Upstart loan 2 minimum payment
Pending
The speaker borrowed $7,000 for moving expenses and living costs in El Paso, with a total repayment of $9,759.
"You borrowed $7,000 to move. Uh, I used part of it for moving, part of it for living while I was getting adjusted to being back on a paycheck. $9,759."
Loan for moving to El Paso
Correct
The speaker only lived in El Paso for two months.
"How long did you live in El Paso for? Two months."
Loan for moving to El Paso duration
Correct
The speaker's current minimum monthly payments for credit cards and loans total $2,455.23.
"$2,45523 is what our minimum payments are up to right now."
Total debt from credit cards and loans
Pending
The speaker has a Milestone credit card with a balance of $8,967, a minimum payment of $32, and a 30% interest rate.
"Balance $8967 with a minimum fement of $32. Interest 30%."
Milestone credit card balance and interest
Pending
Paying only the minimum on the Milestone card will take 11 years to pay off.
"11 years minimum payments only..."
Milestone credit card payoff time
Pending
The speaker's Discover card has a balance of $2,693.92 with a minimum payment of $84 and a 28% interest rate.
"Balance $2,693.92. Minimum monthly payment $84. 28% interest rate."
Discover credit card balance and interest
Pending
Paying only the minimum on the Discover card will take 11 years to pay off.
"11 years to pay off."
Discover credit card payoff time
Pending
The speaker has a total of $30,886.36 in student loans.
"$30,000. $30,886.36."
Student loan total balance
Pending
The speaker owes $305 for anesthesia.
"that's the anesthesia. Yeah. Okay. Of which you owe a total of what? 30? It's at the top there. 305."
Anesthesia payment balance
Pending
The monthly payment for the anesthesia is $51.
"$51 monthly payment."
Anesthesia payment monthly cost
Incorrect
The anesthesia payment will be paid off in approximately 6 months.
"that'll take like 6 months to pay off."
Anesthesia payment payoff time
Correct
The speaker has a hospital bill balance of $7,964 with a minimum monthly payment of $85.
"$7964. Minimum payment 85."
Hospital bill balance
Pending
The speaker's checking account started at $1,691 and ended at $1,500 after significant, unacceptable spending, despite making minimum payments on credit cards.
"Started with 1,691. Oh my goodness. This, dude, I'm seeing a lot of shit in here. Yeah, there's a lot of shit. Insane. You're putting minimum payments on credit cards, yet you're spending this much on shit. That's unacceptable. That is disgusting. That is horrendous and unacceptable. And we ended with 1,500."
Checking account balance
Pending
The speaker has a Quick Loan with a $1,000 balance, a 14% interest rate, and a minimum payment of $50, which they max out monthly.
"It's $1,000. You max it out by the end of the month. at a 14% interest rate. Minimum payment of what? 50."
Quick Loan balance
Pending
The speaker's total minimum monthly payments across all debts are $3,221.
"Your minimum monthly payments $3,221."
Total minimum monthly payments
Pending
Even with student loan disbursements, the speaker's monthly expenses exceed their income by $400.
"Including the dispersement while you're in school, You're already over by 400."
Monthly expenses vs. income
Pending
The proposed solution for the speaker's debt is a voluntary repossession of the Kia and then filing for bankruptcy.
"voluntary repo once you get a closer job and then we're just doing bankruptcy. We're doing bankruptcy."
Proposed solution for debt
Pending
The speaker's Hammer Financial score is 0.5 out of 10.
"Hammer financial score rounded up out of generosity.5 out of 10."
Hammer financial score
Pending
The speaker's friend's boyfriend, who has moved in, is attracted to the speaker and is taking advantage of them financially.
"Your friend's boyfriend is attracted to you who's kind of moved in and milks you for"
Financial situation in post-show discussion
Pending
The speaker has received drunk messages from their friend's boyfriend.
"But then there's also like drunk messages I've gotten from him"
Drunk messages from friend's boyfriend
Pending