Speaker 1: Hey, hey, hey, ba fam, here's another how to throwback. Yes, honey.
Speaker 1: In this episode, Mayday and I discussed how to avoid
Speaker 1: fraud and protect your identity. Aren't these like Monday throwback appies?
Speaker 1: Epic appies are epic and you see what I did there? Anyway, listen,
Speaker 1: love share, It's time.
Speaker 2: For the b a q a a the ba Qa
Speaker 2: which sir b q a mandod theo b a q
Speaker 2: a which in fine, let me a qa a.
Speaker 1: So what is b a q a For the people
Speaker 1: who've never been here before?
Speaker 3: Where you been?
Speaker 2: Welcome?
Speaker 3: Friends? The b a qa is a very special bonus
Speaker 3: episode of ba that comes out on Fridays, and we
Speaker 3: answer your questions because we have a bajillion of them.
Speaker 3: From y'all. You can ask us anything career, finance related,
Speaker 3: business related. Just remember that we are not your financial advisors,
Speaker 3: your investment advisors, anyone that you pay to actually give
Speaker 3: you advice, which means we're just making up things based
Speaker 3: on our own intelligence. So I say, get your salt
Speaker 3: shakers out and take it with a huge grain of salt.
Speaker 3: Whatever we say, but there's no getting around it. We
Speaker 3: are some smart brown women. Okay, So we love the segment.
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Speaker 1: Do you what did the first question?
Speaker 3: I didn't take a breath you read it. There's a
Speaker 3: lot of talking here.
Speaker 1: This is from Ashley from IG. Hey, Mandy, I was
Speaker 1: one of your first Mandy money makers. Woo woo. We
Speaker 1: love a stand of Mandy. Thank you so much for
Speaker 1: all that you've done and taught me. My question today
Speaker 1: is how can I protect myself from identity theft? This
Speaker 1: morning I woke up to new emails about small business
Speaker 1: social security account update and a purchase of two new iPhones.
Speaker 1: Please help, Ashley, do you have to pay for credit security?
Speaker 3: Oh wow, something's going on there, Like they're saying, yeah,
Speaker 3: your social security account has been updated, purchase of two
Speaker 3: new iPhones as The first thing I do whenever I
Speaker 3: get those emails is check the email address that it
Speaker 3: came from, because I just for example, I just started
Speaker 3: to advertise on Facebook a week ago and I got
Speaker 3: the most legitimate looking email about my ADS account being
Speaker 3: in violation of their rules, which is like one of
Speaker 3: the It can happen all the time with your when
Speaker 3: you're doing ads, it's really easy to upset the Facebook gods.
Speaker 3: And you don't want to do that because then you
Speaker 3: waste money in time anyway, And I was almost like,
Speaker 3: I need to click this link and figure out what
Speaker 3: I've done, but it just something about it, like the formatting.
Speaker 3: And so I checked the email address and it was
Speaker 3: like from an Outlook account, you know. So I think
Speaker 3: the first thing for to secure yourself is to be
Speaker 3: aware of what phishing attempts look like, which seems to
Speaker 3: old school, but they still happen, you know. So check
Speaker 3: that email address. You can also hover over any hyperlinks
Speaker 3: and see where it's actually trying to direct you to.
Speaker 3: And if it's not to, you know, a legitimate website,
Speaker 3: then I would just say, excuse me, immediately kick it
Speaker 3: to spam or to junk. That's how I feel about email.
Speaker 3: But now it's like, come into your text do you
Speaker 3: get do you get fishing text?
Speaker 1: Now? Girl? Yes? Talk about this the irs. I'm like, girls,
Speaker 1: you texted now.
Speaker 3: I'm like, with your lack of funding right now?
Speaker 1: So no, first and foremost that like whatever I get
Speaker 1: to Mandy's point, you know, I check the email to say,
Speaker 1: like who's the email at just coming from? And then
Speaker 1: typically I'll call the company directly if that's available to
Speaker 1: me to call the company directly. But one thing I
Speaker 1: had to do so when my late husband was still here,
Speaker 1: his I don't know why, but they used to steal
Speaker 1: that man's that poor man's identity all the time. Like
Speaker 1: literally one time they bought a car and we only
Speaker 1: knew because they were like based in I don't know,
Speaker 1: like upstate New York or someplace far where they were
Speaker 1: getting tickets from easy Paths and so they were.
Speaker 3: Going to start with Janelle's name, Jerell's name, and then
Speaker 3: got a loan or something.
Speaker 1: Something, and then they were get like you know, they
Speaker 1: had an easy pass the cap they put in his
Speaker 1: name and was not paying the ticket, so we were
Speaker 1: getting easy pass tickets. That's how we found out. It
Speaker 1: was just a mess. I would say at least three
Speaker 1: times when I was with him and he said it
Speaker 1: happened before, Like I'm like, so I'm assuming that his
Speaker 1: probably information was on some crazy you know, like what
Speaker 1: it's like the dark web, you know, and so they're
Speaker 1: probably just swapping it out. Plus two, Jerell's an identical twin.
Speaker 1: His twins' name is Terrell, so you have Jerrell Smith
Speaker 1: Terrell Smith, both born on the same day, and so
Speaker 1: oftentimes they would see each other's things on each other's
Speaker 1: credits of reports, because that happens too with juniors. Oftentimes
Speaker 1: that will happen, especially if you're in the same house.
Speaker 1: Your dad is a senior, you're a junior, but you're
Speaker 1: both named Robert Smith and you live at the same place.
Speaker 1: So sometimes you'll see your stuff on the each other's
Speaker 1: credit report. But it happens with twins who have similar
Speaker 1: names too.
Speaker 3: Oh really, so what would they do then? Would they
Speaker 3: have to like dispute it or yeah? Girl, there was
Speaker 3: like whatever.
Speaker 1: I was like, this is why your credit oh life whatever.
Speaker 1: So when I came along, I said, bab we got
Speaker 1: you something about this because this is crazy. So we
Speaker 1: actually this is not sponsored or anything like that. They
Speaker 1: haven't give me any money like as Budgety Store or Brownhibition.
Speaker 1: We actually signed up for LifeLock and it stopped it instantly.
Speaker 3: Tell me about LifeLock or these Yeah, because I haven't
Speaker 3: I have never invested in something like that.
Speaker 1: I can't remember how much Lifelong costs caause now I
Speaker 1: just like haven't automated. I think at the time it
Speaker 1: was like maybe like ten bucks a month. Maybe it's
Speaker 1: a little bit more now maybe twenty bucks or something.
Speaker 1: Whatever it is. So we got LifeLock signed up for it.
Speaker 1: And what I like about LifeLock is even for me.
Speaker 1: I remember once I went to go open up a
Speaker 1: bank account at like my regular bank whatever, and the
Speaker 1: bank was like, we're not able to and I'm like why,
Speaker 1: And then I got a text from LifeLock saying someone's
Speaker 1: trying to open up a bank account. If that's you,
Speaker 1: click yes. If that's you, click no, And I was like, oh,
Speaker 1: that's right. So I had to approve. So I would
Speaker 1: get a text or email, and typically it's a text,
Speaker 1: email and phone call to say any new card, any
Speaker 1: new bank account, any new debt that I'm trying to
Speaker 1: get into. LifeLock would hit me up and say is
Speaker 1: this you, which you know, like sometimes if you forget
Speaker 1: like me, which I always forget, and I'm like, why
Speaker 1: can't you open it? I'm like, oh, that's right. So
Speaker 1: that's one thing like LifeLock, but also too. You can
Speaker 1: go directly to like Experience, Echo Fax, TransUnion and you
Speaker 1: can actually freeze. I did this with Jirell after he
Speaker 1: passed away. My financial advisor, Anjelie said right away, Tiffany,
Speaker 1: because when people know that someone passed away, they know
Speaker 1: you're in grief, and they will sometimes attack that person's
Speaker 1: you know, financial credit and background and just start using
Speaker 1: it up. So I went into each of those specific
Speaker 1: accounts and froze his credit. And you can freeze and unfreeze,
Speaker 1: but I froze it obviously indefinitely, so no one can
Speaker 1: open up anything in his name. And I just am
Speaker 1: not paying attention because it's not me, And so that's.
Speaker 3: Something so smart too. I did that now I'm remembering
Speaker 3: because I was telling Tiff'm like, I think I'm pretty
Speaker 3: delinquent with my identity, but I did do the credit freeze.
Speaker 3: This was I mean think Equifax data breach back in
Speaker 3: like twenty sixteen really spooked me. But I mean there's
Speaker 3: so many, it's just so many data breaches they can't
Speaker 3: even keep It's not even that big of a news
Speaker 3: anymore because it just happens all the time. But yeah,
Speaker 3: credit freeze, and I remember then I started shopping for
Speaker 3: a mortgage, and I was annoyed by it because I'm like,
Speaker 3: damn it, I got to unfreeze and all that. So
Speaker 3: now that I'm not shopping for a mortgage I did,
Speaker 3: you can thaw it, and then it's just annoying because
Speaker 3: you have to like thaw it at the bureaus where
Speaker 3: your loan. Your lender is gonna request to chat it,
Speaker 3: you know. But I think it's totally worth it because
Speaker 3: why wouldn't you want to have that extra layer of protection,
Speaker 3: you know, because like even opening a cell phone, you
Speaker 3: can't do that if you have a credit freeze nothing.
Speaker 1: So a credit freeze to me is if you know
Speaker 1: you're not getting anything for a while and something like
Speaker 1: this has happened, you can freeze just to stop any activity.
Speaker 1: Let's just say your stuff is in a dark web,
Speaker 1: I'm freezing it for the next two months, no one
Speaker 1: is gonna and then after that, if you don't want
Speaker 1: the issue, like Mandy said, the thaw and freeze saw
Speaker 1: and freeze, you can get like a lifeblock or some
Speaker 1: similar type of company where before anything happens, you know,
Speaker 1: you get the text or the call, you just have
Speaker 1: to prove and so those two things. Honestly, since then,
Speaker 1: you know, Jirell's identity stopped being stolen and I never
Speaker 1: had my identity stolen. But I signed up because I
Speaker 1: was like, well, we're here now because you could do
Speaker 1: like a family plan, and so my identity has never
Speaker 1: been stolen, which is, you know, there have been things
Speaker 1: on there. They're like, I don't recognize this, and I realized, like, oh,
Speaker 1: the company sometimes has a different working name than a
Speaker 1: doing business name, and I'm like, ah, that was me.
Speaker 3: Oh god, I've been there. I'm like, I would never
Speaker 3: spend that much. Meanwhile, it's like, yeah, the those four
Speaker 3: am Instagram scrolls, they always get me with their kids'
Speaker 3: shoes ads. Oh man, what else do I was, Oh,
Speaker 3: there's something else?
Speaker 1: So oh.
Speaker 3: A friend of a friend recently lost eight thousand dollars
Speaker 3: right before Christmas, right before the holiday season, through like
Speaker 3: it was a phone called tech scam, and so it
Speaker 3: started with text messages from her bank. It was Citibank
Speaker 3: texting her and it looked really legit, and then they
Speaker 3: escalated to calling her and we're so convincing that she
Speaker 3: ended up giving her account information over the phone, and
Speaker 3: then they drained her, not her, and it was her
Speaker 3: checking account, which is really painful, you know, because with
Speaker 3: your checking account it's sometimes harder to get those funds back.
Speaker 3: And it was a Zell or. Sorry, she didn't give
Speaker 3: them account information. She zelled them. She zeld them. And
Speaker 3: if you guys know anything about Zell, one of the
Speaker 3: pieces of controversy is that you know, you go through
Speaker 3: these steps when you send a transfer where they're like,
Speaker 3: be sure you know this person, because if you don't,
Speaker 3: we are not covering you. Because if it's you who
Speaker 3: hits the submit button and you know what you're doing, like,
Speaker 3: we are not libable libable, We're not libel for funds
Speaker 3: that you lose. So she was I think she's still
Speaker 3: fighting to maybe get that eight grand back. But she's
Speaker 3: like a single mom, and you know, it's a lot
Speaker 3: of money to lose. So what if they're asking you
Speaker 3: for Zelle, you deserve to be asking for every ounce
Speaker 3: of proof, and banks probably will not be doing that.
Speaker 3: I would just say that first and foremost. And then
Speaker 3: she ended up. I think something struck her as odd,
Speaker 3: and then she called City herself and they were like,
Speaker 3: oh no, oh no. So if they're if they're saying
Speaker 3: that they're from city. Don't bother about inconveniencing them, like,
Speaker 3: don't worry about that, you know, hang up, say cool,
Speaker 3: you can call me back before they want this eight
Speaker 3: grand and call your own number directly.
Speaker 1: That's the key. One of the women that we know,
Speaker 1: I think her name is Shannon, she lost her house
Speaker 1: down payment because they have the scam where, you know,
Speaker 1: when you make the transfer, like the wire transfer when
Speaker 1: you're purchasing at home. Yeah, and so what they'll do
Speaker 1: is they'll you're they'll send you a fake bank like, hey,
Speaker 1: I know, we said this is the wire number. This
Speaker 1: is actually the updated wire number. She did not know
Speaker 1: because it looked official. Because what they do is they
Speaker 1: like mimic what your bank sends, and she sent it,
Speaker 1: and wires are notorious that once it's gone is gone.
Speaker 1: You know. That had me social because you know, I
Speaker 1: bought my house cash five hundred and twenty thousand dollars
Speaker 1: that can't go to the person. So what I did
Speaker 1: was I'm mosy my way on down to the bank
Speaker 1: and said look me in the and that's when we
Speaker 1: did the wire on the phone. Like so the key
Speaker 1: with that is always always always I didn't call the
Speaker 1: number that was on the paper and we're making the transfer.
Speaker 1: If I think I had the money and like Ally
Speaker 1: or something like that, and I was transferred to like
Speaker 1: their bank was like Wells farg or whatever that like
Speaker 1: I call. I go to the Ally website and called
Speaker 1: that number there. I never the key with anybody. Sometime
Speaker 1: somebody is telling you something financial, even if it seems
Speaker 1: up to I don't, like, I'm want to hang up
Speaker 1: and I'm just going to call back because I'd rather
Speaker 1: call back the official number so I know for sure
Speaker 1: that like, oh, this is who I'm speaking to, versus
Speaker 1: like who is this? So that was key I was,
Speaker 1: but I was still nervous because you know, you just
Speaker 1: you just feel like you never know, you never know.
Speaker 1: So thankfully, you know, like it all worked out, because
Speaker 1: that would have been like you would have seen no
Speaker 1: weeping willow of a tiffany, like I love that.
Speaker 3: And when it's wired and it's gone, you know it's
Speaker 3: in the Canaries or you know, some other country and
Speaker 3: you can't get that back. Man, what else? Oh, two
Speaker 3: factor authentication is huge or any accounts that you have,
Speaker 3: because I feel like you break into my Gmail you
Speaker 3: have my life, you know everything about me, so two
Speaker 3: factor authentication, these these basic practices. But I'm glad at
Speaker 3: least that your like spidey sense has perked up enough
Speaker 3: to ask, because that is wild and credit monitoring you
Speaker 3: can I think she said, what did she ask? Is credit?
Speaker 3: I thought she hasked something about a credit card. Maybe
Speaker 3: that's the next question. Anyway, with your credit card, it's
Speaker 3: smarter to just, you know, in general, buy big things
Speaker 3: with your credit card, or use your credit card for
Speaker 3: most purchases if you know you can do that responsibly
Speaker 3: because you do have Most credit cards offer zero dollar
Speaker 3: fraud liability, so if there is fraud and it's on
Speaker 3: your credit card, then they will cover it, you know,
Speaker 3: no questions ask, Whereas with your debit card, some of
Speaker 3: them have limits on how much they'll cover, or limits
Speaker 3: on you have to catch it and report it within
Speaker 3: a certain timeframe, like thirty to sixty days, and if
Speaker 3: you don't, then there's less of a chance that they'll
Speaker 3: be able to recover the funds for you. So that's
Speaker 3: why there's like a bit of a case for using
Speaker 3: credit versus debit for any big, you know, purchases and
Speaker 3: things like that. But yeah, stay stay vigilant, y'all, stay woke,
Speaker 3: two factor authenticate, look up the email addresses, call them directly.
Speaker 3: That's our last that's a good summary, summarized summarration. I
Speaker 3: can't talk summation, recap of our of our advice. We're
Speaker 3: really really smart, trust us, Okay, cool.
Speaker 1: Let pike a break.
Speaker 3: It's like I'm gonna get the next one.
Speaker 1: Manny's stop, get down, We take a break, Russa, pay
Speaker 1: some bills and be right back in black and we're back. Man,
Speaker 1: you got the next question? Yes?
Speaker 3: Sorry, This comes from listener Jalisa. Jalisa says, Hey, Tiffany, Amandra.
Speaker 3: I hope it's okay to call you Mandra. Yes, of course,
Speaker 3: I love you both so much. My name is Julisa,
Speaker 3: like Julisa from a different Yes.
Speaker 1: Girl.
Speaker 3: First, let me say I love love love the documentary.
Speaker 3: I'm sure she's talking about Tiffany's documentary. Was it called
Speaker 3: again Get Smart? From Blenny Get Smart with Money? And Arianna,
Speaker 3: who was Tiffany's mentee, is me I need some advice
Speaker 3: from my financial girlfriends. Sorry, but it's going to be
Speaker 3: a long one, Julisa, We've seen longer, but it's okay.
Speaker 3: I'm a little over ten k and debt. It's a
Speaker 3: mix of credit and a credit card, IRS and a
Speaker 3: personal loan. Before researching, I opened a BT a BT
Speaker 3: credit card and was approved for eighty five hundred dollars
Speaker 3: zero percent interest for eighteen months with a three percent
Speaker 3: balance transfer fee. I wasn't aware that you cannot transfer
Speaker 3: debt from one account to another within the same bank.
Speaker 2: Yes.
Speaker 3: Important. I work a part time job that gives me
Speaker 3: an extra four to sixty seven a month, and my
Speaker 3: full time job gives me an extra two hundred dollars
Speaker 3: a month after bills have been paid. My question is
Speaker 3: should I put everything except the one credit card on
Speaker 3: the BEAT?
Speaker 2: Oh?
Speaker 3: I know what BT is? Balance transfer? I'm like, what
Speaker 3: bank is BT? I'm caught up. Now? Should I put
Speaker 3: everything except one credit card onto the balance transfer credit
Speaker 3: card and work on paying them both down? Or go
Speaker 3: back to the basics and use the debt snowball method?
Speaker 3: Thank you so much for all you do. Okay, So
Speaker 3: she has ten k in debt. It's a mix of
Speaker 3: credit card, IRS, personal loan. She has gotten approved for
Speaker 3: up to eighty five hundred dollars on the zero percent
Speaker 3: balance transfer card. She's not going to be able to
Speaker 3: transfer all of that because some of it comes from
Speaker 3: the same bank. This is very important. Tell them about it, Tiff.
Speaker 3: The whole balance transfer thing.
Speaker 1: So balance transfers are when you have, like ideal, you
Speaker 1: have one card that the interest rate, you're paying interest
Speaker 1: on it, and the ideal situation is that you get
Speaker 1: another card that can cover what you are on the
Speaker 1: first card, but they give you no interest payments for
Speaker 1: ideally more than a year. So her credit score must
Speaker 1: be pretty decent. They gave her eighteen months because that's
Speaker 1: like one of the highest that you can get, and
Speaker 1: I think that's what I had gotten when I made
Speaker 1: my balance transfer, which is great, which means let's just
Speaker 1: pretend like she was able, Like you know, the math
Speaker 1: is easy. Where she owed ten thousand on this one
Speaker 1: card and a different bank, and she has a balanced
Speaker 1: transfer card of eighty five hundred, she makes the transfer
Speaker 1: over to the eighty five hundred. Some of it will
Speaker 1: still stay on the old car, you know, the fifteen
Speaker 1: hundred or whatever left, but now she can every cent
Speaker 1: that she gives to the new card actually goes to
Speaker 1: the money owed, So that's the benefit That's how I
Speaker 1: was able to get that. You know, remember my my
Speaker 1: friend who's in jail now who you know? I had
Speaker 1: the jake, the thief.
Speaker 3: Who oh he's a jail Well, he.
Speaker 1: Was in jail temporarily. I don't know IF's still in jail.
Speaker 3: Let's hope, Okay.
Speaker 1: So he left me thirty five thousand dollars in credit
Speaker 1: card debt. And how I was able to pay it
Speaker 1: off is I got a couple of balanced transfer cards
Speaker 1: and transfer the thirty five thousand to those cards so
Speaker 1: I can focus on just paying the principle, not the
Speaker 1: principle and the fees and the interest, you know. And
Speaker 1: it took me about three years to do so. So one,
Speaker 1: you're you know, you're in pretty decent shape to start, but.
Speaker 3: I what the thing is like, you have to be
Speaker 3: careful because like her, yes, you may not know. You
Speaker 3: can't transfer money from this, like you can't get a
Speaker 3: Chase balance transfer card and transfer money from another Chase card.
Speaker 3: Banks use this as a tool to get new business.
Speaker 3: They don't want your old business, Like are your old
Speaker 3: news girl? We got you for twenty three point nine
Speaker 3: to nine apl already, We're not going to give you
Speaker 3: zero percent. But Wells Fargo, but Bank of America, these
Speaker 3: other banks they will offer, so you have to be
Speaker 3: careful to think ahead. Okay, you want to apply for
Speaker 3: a BT at a totally different issue or a totally
Speaker 3: different bank.
Speaker 1: Sorry to interrupt, No, no, So I just so if
Speaker 1: it was me, Because it was me, I would transfer
Speaker 1: well one. Be careful with balance treds for cards too,
Speaker 1: because sometimes at the end of the eighteen months, if
Speaker 1: you have not paid it off, it not only jumps
Speaker 1: to whatever the new interest rate is, but all the
Speaker 1: interests might come doe from the very beginning. So be careful, careful, careful.
Speaker 1: Ja Lisa like, what are the terms? Because mine was
Speaker 1: one of those. So I said, Tippany, I don't care
Speaker 1: what you do. Sis. You got to get this money
Speaker 1: off this card in the eighteen months that they've given you,
Speaker 1: or you're not going to owe. You're not going to
Speaker 1: owe the twenty percent on the balance that's left over.
Speaker 1: You're going to owe the twenty percent on the original
Speaker 1: balance you transferred over, which is cempre, so be careful
Speaker 1: of that too. But I would honestly transfer over all
Speaker 1: that I could and then pay my zero percent interest.
Speaker 1: I would make that card the priority. I would still
Speaker 1: do the snowball method, but I would make that you
Speaker 1: know that the priority to pay down and pay off
Speaker 1: as quickly as possible, since all your money is going
Speaker 1: directly to what you owe. But I would ask myself
Speaker 1: only transfer over what I know I could pay off
Speaker 1: in eighteen months, you know, like so like.
Speaker 3: Just to the math because I was one away them.
Speaker 1: Go ahead, girl, do that math.
Speaker 3: Mind if I do allow me so eighty five hundred
Speaker 3: over eighteen months, that's four seventy two a month. So
Speaker 3: you have almost exactly what you need from your part
Speaker 3: time job to make that a priority and pay it down.
Speaker 3: But the key is if you let one month go by,
Speaker 3: then it's going to get more expensive and more expensive.
Speaker 3: And you and I have been there. I got a
Speaker 3: balance transfer credit card for more than that, and I
Speaker 3: was like, whoo who I didn't think I didn't use
Speaker 3: the whole balance. But then it feels like a place
Speaker 3: you can put things because it's zero percent, And then
Speaker 3: before you know it, you just wrack up more and more.
Speaker 3: So it's and even for me, I know better, you know,
Speaker 3: it got a little got a little hairy. So you
Speaker 3: have to be super disciplined, like immediately set up that
Speaker 3: auto payment so that you're not winding up eighteen months
Speaker 3: from now, because it'll sneak up on you, like Tiffany said,
Speaker 3: with a balance, because imagine if you even had like
Speaker 3: one dollar and then they're like, yeah, well I won't
Speaker 3: take that twenty something percent of eighty five hundred and
Speaker 3: add it on and we'll keep you forever.
Speaker 1: Yes, Well, what you could do is this is not
Speaker 1: the idea. You could do another balanced transfer like a
Speaker 1: month before that, like that. That would be the worst
Speaker 1: case scenario. If you still say, like a thousand dollars
Speaker 1: that you just don't have it, you could say, hold up,
Speaker 1: I'm going to do another balanced transfer knowing that I'm
Speaker 1: not actually going to have it to get yourself out
Speaker 1: of that. But you don't want to be jumping, like
Speaker 1: you know, from balance transfer card to balance transfer card.
Speaker 1: But that is definitely like for those of you who
Speaker 1: are listening who are like, uh haha, I'm in that
Speaker 1: position where you know, like I thought I was going
Speaker 1: to be a paid off, I'm not. Then you know,
Speaker 1: look for your This is why keeping your credit score
Speaker 1: decent is so critical because that's going to dictate how
Speaker 1: good of terms you're going to get with your balanced
Speaker 1: transfer card?
Speaker 3: Yeah, one hundred percent? Yeah, anything else? I mean, she said,
Speaker 3: says she has a mix of credit between her credit card,
Speaker 3: IRS and a personal loan. I would feel like the
Speaker 3: personal loan probably isn't that high of an interest, So definitely,
Speaker 3: like Tiff said, mac, you know, use it for your
Speaker 3: credit card debt first and foremost, and kind of treat
Speaker 3: it like if you have extra room after you add
Speaker 3: the credit card debt, then add you know, either the
Speaker 3: I r S debt or the personal loan. Can you wait,
Speaker 3: you can't transfer IRS debt? How does that work?
Speaker 1: I would charge I think you would charge it. You
Speaker 1: would have to call you the credit card company like
Speaker 1: is it a roll or do you just charge it?
Speaker 1: You see what I mean?
Speaker 3: Yeah, Because with with balance transfers, I remember you have
Speaker 3: to tell them how much from your bank, your how
Speaker 3: much from your credit card you're transferring, what the bank
Speaker 3: name is, and your account, and then they'll go and
Speaker 3: grab it. I don't even think that I r S
Speaker 3: would qualify unless you just use Yeah, unless you just
Speaker 3: pay with your credit card and then that's another three
Speaker 3: percent processing fee. Probably the IRS probably charge charges a
Speaker 3: processing fee, yeah, not to really be careful about that.
Speaker 1: So here's the thing, Like, I think the biggest thing
Speaker 1: that you take away from this is that even when
Speaker 1: you're like planning on doing good things, there's map it
Speaker 1: out on paper, Like okay, balance transfer, you know what
Speaker 1: happens if I don't pay it after eighteen months? Like
Speaker 1: I used to literally have a notebook for like these
Speaker 1: kind of choices. Can I do this? Let me call
Speaker 1: the company see if I can do that, So that
Speaker 1: way before I make the move of like doing something
Speaker 1: that's going to put a little ding on my credit card,
Speaker 1: I can decide this actually makes sense. So certainly, J Lisa,
Speaker 1: we're proud of you for taking steps, but just no
Speaker 1: moving forward as you have these questions. What's so great
Speaker 1: is that you can ask the balance transfer card people
Speaker 1: whomever you know, like, here are my questions. I can
Speaker 1: decide doesn't even make sense to make to make this decision,
Speaker 1: you know, just moving forward, But these are questions you
Speaker 1: can still ask to make the best choice of what
Speaker 1: money should go on their card.
Speaker 3: And have absolutely But thank you so so MUCHJ Lisa.
Speaker 3: I kind of want to call you Kalisi, but Julisa
Speaker 3: will do no heir.
Speaker 1: I remember a Different World that used to be my
Speaker 1: girl de Lisa. Remember she used to date Sindbad that
Speaker 1: was her boyfriend.
Speaker 3: On Watch a Different World like that, plus Lisa de.
Speaker 1: Lisa was she wasn't I'm trying to think was she
Speaker 1: in the later episodes? I feel like I think so? Anyway,
Speaker 1: she was kind of like the ra I don't know
Speaker 1: if you remember she had like short hair.
Speaker 3: Okay, she be afe one to go back and rewatch
Speaker 3: as an adult because I love watching Living Single as
Speaker 3: an adult. It was so fun and you go back, Okay,
Speaker 3: maybe when I'm up all night with a toddler with
Speaker 3: a newborn and a toddlers all right, Lilisa, then everyone else,
Speaker 3: Thank you so much for your questions this week again,
Speaker 3: hit us up. We are brandnambishonpodcast dot com. You can
Speaker 3: ask us anything or slide into our dms at Brand
Speaker 3: Ambition podcast on ig and ask us any questions that
Speaker 3: you have burning and we will hopefully get to them
Speaker 3: on the show.
Speaker 1: Yes until next week, babe, bye. Honestly, ba fam, wasn't
Speaker 1: that an awesome throwback episode and such a fun trip
Speaker 1: down memory lane? Hotel? Make sure to check out Brian
Speaker 1: Ambition now every Monday, Wednesday and Friday. A three peat.
Speaker 1: Oh no, those traits on d'utois won two three. He
Speaker 1: didn't know I was trilingual, did you? Because three tri
Speaker 1: lingual threep. Anyway, we'll see you on Wednesday.
Speaker 3: Bye,