Do Debt Consolidation Loan actually work | Pay Off Debt


Now in this video im going to break down all the pros and cons and especially answer these questions that I know you’re having. Are debt Consolidation a good thing, or are they a bad thing.

Questions I’m going to answer
– Low Monthly Payment
– Low apr
– I only owe one person

Well I’ve gotten letters for Student loan refinancing, credit cards and even Auto loans ( I don’t even own a car)
– I owe 12-13k in credit card debt and pay no interest, and I pay no interest
– I get offers every week to refinance and pay a low minimum payment, lower apr, and one person.
– Oh, don’t forget about the low rates offered of 4-12%, which sounds a lot better than 25-35 with a credit card.

Do Debt Consolidation Loan actually work | Pay Off Debt

Pros: according to the Companies ( Do Math) and Compared to a Credit Card
Low Monthly Payment
Story: Instead of paying only the minimum on credit cards and finishing in 5-13 years
– You refinance your loan and be done between 12-60 months ( which sounds a lot better than 13 years)
– You can also prepay the debt and be down sooner
Lower Apr
One Bill
Story: Stuck paying 6 credit cards and the balance seems like it doesn’t go down

Low Monthly Payments: Its longer and usually they’ll win more
Lower Apr: It’s lower, but it’s on a higher balance
One Bill: they make the profits and cut out the credit cards and hope you do it all over again





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Comments: 36
  1. TommyBryson

    Whats better 10,000 in 5 accounts at 25% separately or 10k in one account at 19.60%?
    ***Get out of Debt Video***

  2. Devin Howard

    You lost me at 12:20. So you are saying that the lender is telling you one APR on paper but give you another based off of claimed statistics.

    Legally, they have to oblige the APR they gave you not others or am I wrong?

  3. Crystal White

    Thank you for breaking down the "conssssss".

  4. contact Brian on ➄➀➇➅➁⓪➅➂➃⓪

    Brian has been of so much help to me, he got my credit card debt and loans paid off, he also set up auto pay on the card. Thanks to him I am debt free and have a good credit score

  5. Anthony Feliz Moya

    Debt Consolidation loan are pretty good but you have to be displine enough to not use your credit cards anymore or apply for any other loans and pay more towards your personal loan if you can to pay it off earlier

  6. Everyday Car Guy

    Why it always sound like you have spit in your mouth lol

  7. face2much

    Answer in 3 sentences:
    1. The advertised APR is with 720+ score, which the target customer for consolidation doesn’t have.
    2. Prepayment penalty results in mandatory carrying of debt.
    3. Consolidation only works if you have stellar credit and want to keep more cash in your pocket to invest in something else, like a house where Debt to income ratio effects buying power.

    Vid didn’t need to be 15 mins for that.

  8. The Sortilege

    Holy shit. Get to the point lol

  9. Sean Murphy

    Great video. This guy is good with numbers.

  10. Avid Fire

    Cant u just give the answer? Now Ive wasted time being told what I already know, and have to watch another video which gets u paid more. -.-

  11. Psychological Polarbear

    Btw, how it works, is they run your credit, and see what % you qualify for. But you'll have terrible credit due to Debt To Income Ratio. Also, none of my cards are above 17% APR. So if I got 19% APR, it'd be more than my credit cards. Also, they usually do UNSECURED loans on top of credit cards that's why it's more than 10k that they lend to you. Also they usually consolidate medical bills over a certain amount, etc.

  12. F S

    Im super new to all of this but what happens if you consolidate all your credit cards? Do they all close ? Can you still use them if you wanted to ?

  13. Jayson P. Asis

    There is no pros in debt consolidation its all cons..they promise to help you but they are in the business of making money.. they will buy your debt from your creditor at 40 cents or less on a dollar..the results is your credit will be ruined since these company won't pay your debt unless its goes to collection and unless they make their profit first.. I feel sorry for the people who fall for this predators!!

  14. TheFather246

    Large print giveth….Small print taketh away….😕

  15. Jose Semino

    I have no college degree but your math is wrong bro

  16. keith muhati

    Pay off your debt within the shortest period possible using this strategy. Go on to Great Wealth Strategies LLC to find out more.

  17. Yolanda Cervantes

    I owe around 6000 in debt my credit cards are at 25-27% they are offering me 13.9% to consolidate debt should I do it?

  18. Stephanie Tapia

    The key part is getting the consolidation loan but making double the payments! Paying it off quicker and not using the old credit cards!! Otherwise they fall into traps like using their cards while having this loan.. which is not ideal.

  19. Veritas Amantes Vocat

    they always lock you in so that you can either pay the minimum or you can pay in full. You Cant make payments larger than the minimum.

  20. Rachel Jane Reads

    I learned more from videos about credit cards, debt consolidation, and budgeting on YouTube for free than I learned in my high school consumer economics class

  21. Miko Philo

    so….is this a yes or a no?

  22. Hunndo Paid Weather
  23. Kent Roofers

    Glad to see this video, Bryson, Thanks for sharing if debt consolidation loan actually work. Thanks for filling in my unclear thoughts to more clearer. Any opinion on becoming a digital landlord? Building and ranking simple websites that generate leads for small businesses who then send you monthly mailbox money. I wanted to get into real estate for a long time, but I couldn't get funding since I had a low credit score, but when I found Ippei's digital real estate, with its lower cost of entry, I took the leap, and it was tough going for a while, but these days I've got a few sites rented, bringing me about $7k a month

  24. James St. Patrick

    Question: if you had a $10,0000 credit card at 22% interest, would it be smart to take out a personal loan for $10,000 at interest 21% to pay off the credit card? I ask because if your credit utilization is at 80% if you pay off the credit card with the loan, you’ll be technically in the same boat but your credit utilization will fall to maybe 30% which will make your credit score rise but you’ll still owe the 10,000 at almost the same interest rate. Or just start paying the credit card off faster?

  25. Morgan Williams

    𝘋𝘦𝘢𝘳 𝘉𝘢𝘤𝘬𝘴𝘰𝘯47.___𝘰𝘯 𝘐𝘯𝘴𝘵𝘢𝘨𝘳𝘢𝘮 𝘵𝘩𝘢𝘯𝘬 𝘺𝘰𝘶 𝘧𝘰𝘳 𝘢𝘭𝘸𝘢𝘺𝘴 𝘣𝘦𝘪𝘯𝘨 𝘢 𝘳𝘦𝘭𝘪𝘢𝘣𝘭𝘦 𝘴𝘰𝘶𝘳𝘤𝘦 𝘵𝘰 𝘮𝘦 𝘢𝘯𝘥 𝘮𝘺 𝘧𝘢𝘮𝘪𝘭𝘺, 𝘵𝘩𝘦 𝘮𝘰𝘯𝘦𝘺 𝘺𝘰𝘶 𝘢𝘥𝘥𝘦𝘥 𝘰𝘯 𝘮𝘺 𝘗𝘢𝘺𝘗𝘢𝘭 𝘢𝘤𝘤𝘰𝘶𝘯𝘵 𝘴𝘢𝘷𝘦 𝘶𝘴, 𝘞𝘦 𝘢𝘭𝘸𝘢𝘺𝘴 𝘣𝘦 𝘨𝘳𝘢𝘵𝘦𝘧𝘶𝘭 𝘵𝘰 𝘺𝘰𝘶.. 😍

  26. Cameron

    Hey Tommy. I'm curious about that dry erase board behind you. What do you have written on it?

  27. Yg Bodybuilder

    Why 0apr

  28. Sabin Tee

    I am not 100% sure but I’m almost certain that’s not how you calculate APR on a credit card

  29. Anthony Calderas

    This video could have been shorter and sweeter but ty for the info!

  30. Omotayo Okunoye

    Try spenzer111 on Instagram he’s 💯 legit

  31. T.J KR

    My mom has done this

  32. Andrew Felton

    Should I do debt consolidation even tho I only have $500 in debt with AT&T?

  33. McRemy Collins

    Nice video Sir really took it in consideration, while I decided to set up a little business of mine, only to discover I had a full bag of credit card debts to pay up, I had no option than to pause at my plans and get an a way to pay all my debts, so I decided to visit a friend who had gone through the same situation then she introduced me to 𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋_𝐃𝐎𝐍𝐀𝐋𝐃_𝐅𝐗_𝐎𝐍 𝐈𝐍𝐒𝐓𝐀𝐆𝐑𝐀𝐌 so I decided to try him and here am I already paid all my debts without to much stress. Really appreciate him a lot.🙏

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  35. Lavern

    That was very helpful information

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