Speaker 1: It's time for the b a qa a.
Speaker 2: The ba qa which said b q a man good,
Speaker 2: the ba qa which a fine let b a qa a.
Speaker 1: So what is baqa? For the people who've never been
Speaker 1: here before?
Speaker 3: Where you been? Welcome friends? The Baqa is a very
Speaker 3: special bonus episode of ba that comes out on Fridays,
Speaker 3: and we answer your questions because we have a bajillion
Speaker 3: of them from y'all. You can ask us anything career,
Speaker 3: finance related, business related. Just remember that we are not
Speaker 3: your financial advisors, your investment advisors, anyone that you pay
Speaker 3: to actually give you advice, which means we're just making
Speaker 3: up things based on our own intelligence. So I say,
Speaker 3: get your salt shakers out and take it with a
Speaker 3: huge grain of salt. Whatever we say. But there's no
Speaker 3: getting around it. We are some smart brown women. Okay,
Speaker 3: So we love the segment. If y'all want to and
Speaker 3: that's your questions, you can go to Brandonambission podcast dot
Speaker 3: com and ask us anything, or you can slide into
Speaker 3: our dms on ig. We are at brand Ambission Podcast
Speaker 3: and send us a question there.
Speaker 1: Do you want the first question?
Speaker 3: I didn't take a breath.
Speaker 2: You read it.
Speaker 3: There's a lot of talking here.
Speaker 2: This is from Ashley from ig Hey, Mandy, I was
Speaker 2: one of your first Mandy money makers. Woo woo. We
Speaker 2: love a stand of Mandy. Thank you so much for
Speaker 2: all that you've done and taught me. My question today
Speaker 2: is how can I protect myself from identity theft? This
Speaker 2: morning I woke up to new emails about small business
Speaker 2: social security account update and a purchase of two new iPhones.
Speaker 2: Please help, Ashley, do you have to pay for credit security?
Speaker 3: Ooh 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. The first thing I do whenever I get
Speaker 3: those emails is check the email address that it came from,
Speaker 3: because I just, for example, I just started to advertise
Speaker 3: on Facebook a week ago and I got the most
Speaker 3: legitimate looking email about my AD's account being in violation
Speaker 3: of their rules, which is like one of the It
Speaker 3: can happen all the time with your when you're doing ads.
Speaker 3: It's really easy to like upset the Facebook gods. And
Speaker 3: you don't want to do that because then you waste
Speaker 3: money in time anyway, And I was almost like, I
Speaker 3: need to click this link and figure out what I've done,
Speaker 3: but it just something about it, like the formatting. And
Speaker 3: so I checked the email address and it was like
Speaker 3: from an Outlook account, you know. So I think the
Speaker 3: first thing for to secure yourself is to be aware
Speaker 3: of what phishing attempts look like, which seems so old school,
Speaker 3: but they still happen, you know, So check that email address.
Speaker 3: You can also hover over any hyperlinks and see where
Speaker 3: it's actually trying to direct you to. And if it's
Speaker 3: not to, you know, a legitimate website, then I would
Speaker 3: just say, excuse me, immediately kick it to spam or
Speaker 3: to junk. That's how I feel about email. But now
Speaker 3: it's come into your text do you get do you
Speaker 3: get fishing? Text now?
Speaker 1: Girl?
Speaker 2: Yes?
Speaker 1: Talking about this the irs, I'm like, girls, so you texted.
Speaker 3: Now, I'm like, with your lack of funding right now?
Speaker 2: So no, first and foremost that like whatever I get
Speaker 2: to Mandy's point, you know, I checked the email to say, like,
Speaker 2: who's the email at just coming from? And then typically
Speaker 2: I'll call the company directly if that's available to me
Speaker 2: to call the company directly. But one thing I had
Speaker 2: to do so when my late husband was still here.
Speaker 2: His I don't know why but they used to steal
Speaker 2: that man's, that poor man's identity all the time. Like
Speaker 2: literally one time they bought a car and we only
Speaker 2: knew because they they were like based in I don't know,
Speaker 2: like upstate New York someplace far where they were getting
Speaker 2: tickets from easy Paths and so they were.
Speaker 3: Going on tour with Janelle's name, Jerelle's name, and then
Speaker 3: got a loan or.
Speaker 2: Something something, and then they were get like, you know,
Speaker 2: they had an easy Pass account they put in his
Speaker 2: name and was not paying the ticket, so we were
Speaker 2: getting easy Pass tickets.
Speaker 1: That's how we found out. It was just a mess.
Speaker 2: I would say at least three times when I was
Speaker 2: with him and he said it happened before, Like I'm like,
Speaker 2: so I'm assuming that his probably information was on some
Speaker 2: crazy you know, like what it's like the dark web,
Speaker 2: you know, and so they're probably just swapping it out.
Speaker 2: Plus two, Jerell's an identical twin. His twins name is Terrell,
Speaker 2: so you have Jerrell Smith Terrell Smith, both born on
Speaker 2: the same day, and so oftentimes they would see each
Speaker 2: other's things on each other's credit reports, because that happens
Speaker 2: too with juniors. Oftentimes that will happen, especially if you're
Speaker 2: in the same house. Your dad is a senior, you're
Speaker 2: a junior, but you're both named Robert Smith and you
Speaker 2: live at the same place. So sometimes you'll see your
Speaker 2: stuff on each other's credit report. But it happens with
Speaker 2: twins who have similar names too.
Speaker 3: Oh really, so what would they do then? Would they
Speaker 3: have to like dispute it or yeah?
Speaker 2: Girl?
Speaker 3: They was like whatever.
Speaker 1: I was like, this is why your credits are like whatever.
Speaker 2: So when I came along, I said, bab we got
Speaker 2: do something about this because this is crazy. So we actually,
Speaker 2: this is not sponsored.
Speaker 1: Or anything like that.
Speaker 2: They haven't give me any money like as budgety Store
Speaker 2: or Brownhibition. We actually signed up for LifeLock.
Speaker 1: 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 2: I can't remember how much LifeLock costs because now I
Speaker 2: just like, haven't automated. I think at the time it
Speaker 2: was like maybe like ten bucks a month. Maybe it's
Speaker 2: a little bit more now maybe twenty bucks or something.
Speaker 1: Whatever it is.
Speaker 2: So we got LifeLock, signed up for it, and what
Speaker 2: I like about LifeLock is even for me. I remember
Speaker 2: once I went to go open up a bank account
Speaker 2: at like my regular bank or whatever, and the bank
Speaker 2: was like, we're not able to and I'm like why,
Speaker 2: And then I got a text from LifeLock saying someone
Speaker 2: was trying to open up a bank account. If that's you,
Speaker 2: click yes, If that's you, click no, and I was like, oh,
Speaker 2: that's right, So I had to approve. So I would
Speaker 2: get a text or email and typically it's a text,
Speaker 2: email and phone call to say any new card, any
Speaker 2: new bank account, any new debt that I'm trying to
Speaker 2: get into. LifeLock would me up and say is this you,
Speaker 2: which you know like sometimes if you forget like me,
Speaker 2: which I always forget, and I'm like, why can't you
Speaker 2: open it?
Speaker 1: I'm like, oh, that's right. So that's one thing like LifeLock.
Speaker 2: But also too you can go directly to like Experience
Speaker 2: Equofax TransUnion and you can actually freeze. I did this
Speaker 2: with Jirell after he passed away. My financial advisor Angelie
Speaker 2: said right away, Tiffany, because when people know that someone
Speaker 2: passed away, they know you're in grief, and they will
Speaker 2: sometimes attack that person's you know, financial credit and background
Speaker 2: and just start using it up. So I went into
Speaker 2: each of those specific accounts and froze his credit. And
Speaker 2: you can freeze and unfreeze, but I froze it obviously indefinitely,
Speaker 2: so no one can open up anything in his name.
Speaker 2: And I just am not paying attention because it's not me,
Speaker 2: and so that's.
Speaker 3: Something so sparker too. I did that now I'm remembering
Speaker 3: because I was telling Tiffan, 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 for Equifax data breach back
Speaker 3: in 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 is. And I remember then I started shopping
Speaker 3: for a mortgage, and I was annoyed by it because
Speaker 3: I'm like, damn it, I got to unfreeze and all that.
Speaker 3: So 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 chut 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 2: So a credit freeze to me is if you know
Speaker 2: you're not getting anything for a while and something like
Speaker 2: this has happened, you can freeze just to stop any activity.
Speaker 2: Let's just say your stuff is in a dark web,
Speaker 2: I'm freezing it for the next two months, no one
Speaker 2: is gonna and then after that, if you don't want
Speaker 2: the issue, like Mandy said, the thaw and freeze, saw
Speaker 2: and freeze, you can get like a LifeLock or some
Speaker 2: similar type of company where before anything happens, you know,
Speaker 2: you get the text or the call.
Speaker 1: You just have to prove. And so those two things.
Speaker 2: Honestly, since then, you know, Jirell's identity stopped being stolen,
Speaker 2: and I never had my identity stolen. But I signed
Speaker 2: up because I was like, well, we're here now, because
Speaker 2: you could do like a family plan, and so my
Speaker 2: identity has never been stolen, which is you know there have.
Speaker 1: Been things on there.
Speaker 2: They're like, I don't recognize this, and I realized, like, oh,
Speaker 2: the company sometimes has a different working name than a
Speaker 2: doing business name.
Speaker 1: 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 little those
Speaker 3: four 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? So oh, A friend of a friend
Speaker 3: recently lost eight thousand dollars right before Christmas, right before
Speaker 3: the holiday season, through like it was a phone called
Speaker 3: tech scam. And so it started with text messages from
Speaker 3: her bank. Was City Bank texting her and it looked
Speaker 3: really legit, and then they escalated to calling her and
Speaker 3: we're so convincing that she ended up giving her account
Speaker 3: information over the phone, and then they drained her not hurt,
Speaker 3: and it was her checking account, which is really painful,
Speaker 3: you know, because with your checking account it's sometimes harder
Speaker 3: to get those funds back. And it was a zell or. Sorry,
Speaker 3: she didn't give them account information, she zelled them. She
Speaker 3: zeld them. And if you guys know anything about Zell,
Speaker 3: one of the pieces of controversy is that you know,
Speaker 3: you go through these steps when you send a transfer
Speaker 3: where they're like, be sure you know this person, because
Speaker 3: if you don't, we are not covering you. Because if
Speaker 3: it's you who hits the submit button and you know
Speaker 3: what you're doing, like, we are not libable libable, we're
Speaker 3: not liable for funds that you lose. So she was
Speaker 3: I think she's still fighting to maybe get that eight
Speaker 3: grand back. But she's like a single mom, and you know,
Speaker 3: it's a lot of money to lose. So if they're
Speaker 3: asking you for zell, you deserve to be asking for
Speaker 3: every ounce of proof, and banks probably will not be
Speaker 3: doing that. I would just say that first and foremost.
Speaker 3: And then she ended up I think something struck her
Speaker 3: as odd. And then she called City herself, and they
Speaker 3: were like, oh no, oh no. So if they're if
Speaker 3: they're saying 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.
Speaker 2: One of the women that we know, I think her
Speaker 2: name is Shannon she lost her house down payment because
Speaker 2: they have the scam where you know, when you make
Speaker 2: the transfer, like the wire transfer when you're purchasing at home,
Speaker 2: and so what they'll do is they'll you're they'll send
Speaker 2: you a fake bank like, hey, I know, we said
Speaker 2: this is the wire number. This is actually the updated
Speaker 2: wire number. She did not know because it looked official.
Speaker 2: Because what they do is they like mimic what your
Speaker 2: bank sends, and she sent it, and wires are notorious
Speaker 2: that once it's gone, is gone. They had me social
Speaker 2: because you know, I bought my house cash five hundred
Speaker 2: and twenty thousand dollars.
Speaker 1: That can't go to the wrong person. So what I
Speaker 1: did was I'm mosy my way on down to the.
Speaker 2: Bank and said look me in there, and that's when
Speaker 2: we did the wire on the phone.
Speaker 1: Like so the key with that is always, always always.
Speaker 2: I didn't call the number that was on the paper
Speaker 2: and we're making the transfer if I think I had
Speaker 2: the money and like Ally or something like that, and
Speaker 2: I was transferred to like their bank was like Wells
Speaker 2: farg or whatever that like I call, I go to
Speaker 2: the Ally website and called that number there.
Speaker 1: I never the key with anybody.
Speaker 2: Sometimes somebody is telling you something financial, even if it
Speaker 2: seems up to I don't, like, I want to hang up,
Speaker 2: and I'm just gonna call back because I'd rather call
Speaker 2: back the official number so I know for sure that like, oh,
Speaker 2: this is who I'm speaking to, versus like who is this?
Speaker 2: So that was key I was, but I was still
Speaker 2: nervous because you know, you just you just feel like
Speaker 2: you never know, you never know. So thankfully, you know,
Speaker 2: like it all worked out, because that would have been
Speaker 2: like you would have seen a weeping willow of a tiffany,
Speaker 2: like I love that.
Speaker 3: And when it's wired and it's gone, you know, Canaries
Speaker 3: or you know, some other country and you can't get
Speaker 3: that back. Man, what else? Two factor authentication is huge,
Speaker 3: or any accounts that you have, because I feel like
Speaker 3: you break into my Gmail, you have my life, you
Speaker 3: know everything about me. So two factor authentication, these these
Speaker 3: basic practices. But I'm glad at least that your like
Speaker 3: spidey sense has perked up enough to ask, because that
Speaker 3: is wild and credit monitoring you can I think she said,
Speaker 3: what did she ask? Is credit thought she has something
Speaker 3: about a credit card. Maybe that's the next question. Anyway,
Speaker 3: with your credit card. It's smarter to just, you know,
Speaker 3: in general, buy big things with your credit card or
Speaker 3: or use your credit card for most purchases if you
Speaker 3: know you can do that responsibly because you do have
Speaker 3: Most credit cards offer zero dollar fraud liability, so if
Speaker 3: there is fraud and it's on your credit card, then
Speaker 3: they will cover it, you know, no questions ask, Whereas
Speaker 3: with your debit card, some of them have limits on
Speaker 3: how much they'll cover or limits on you have to
Speaker 3: catch it and poured it within a certain time frame
Speaker 3: like thirty to sixty days, and if you don't, then
Speaker 3: there's less of a chance that they'll be able to
Speaker 3: recover the funds for you. So that's why there's like
Speaker 3: a bit of a case for using credit versus debit
Speaker 3: for any big, you know, purchases and things like that.
Speaker 3: But yeah, stay stay vigilant, y'all, stay woke. Two factor authenticate,
Speaker 3: look up the email addresses, call them directly. That's our
Speaker 3: last that's a good summary, summarized summarration. I can't talk summation,
Speaker 3: recap of our of our of our advice. We're really
Speaker 3: really smart, trust us. Okay, cool, let's take a break.
Speaker 3: It's like I'm gonna get the next one.
Speaker 2: Mannis stop, get down, we take a break, Russa, pay
Speaker 2: some bills and be right back in black.
Speaker 1: And we're back.
Speaker 2: Man.
Speaker 1: You got the next question? Yes?
Speaker 3: Sorry, This comes from listener Jelisa Jalsa 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 Jalisa,
Speaker 3: like Jalisa from a different Yes.
Speaker 1: Girl.
Speaker 3: I 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 again?
Speaker 1: I'm get Smart form plenty, get.
Speaker 3: Smart with Money. And Arianna, who was Tiffany's mentee, is
Speaker 3: me I need some advice from my financial girlfriends. Sorry,
Speaker 3: but it's going to be a long one, Julisa, We've
Speaker 3: seen longer, but it's okay. I'm a little over ten
Speaker 3: k in debt. It's a mix of credit and a
Speaker 3: credit card, IRS and a personal loan. Before researching, I
Speaker 3: opened a BT a BT credit card and was approved
Speaker 3: for eighty five hundred dollars zero percent interest for eighteen
Speaker 3: months with a three percent balance transfer fee. I wasn't
Speaker 3: aware that you cannot transfer debt from one account to
Speaker 3: another within the same bank.
Speaker 2: Yes. Important.
Speaker 3: I work a part time job that gives me an
Speaker 3: extra four to sixty seven a month, and my full
Speaker 3: time job gives me an extra two hundred dollars a
Speaker 3: month after bills have been paid. My question is should
Speaker 3: I put everything except the one credit card on 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. Okay, she's not going to be able
Speaker 3: to transfer all of that because some of it comes
Speaker 3: from the same bank. This is very important. Tell them
Speaker 3: about it, Tiff. The whole balance transfer thing.
Speaker 2: So, balance transfers are when you have, like ideal you
Speaker 2: have one card that the interest rate you're paying interest
Speaker 2: on it, and the ideal situation is that you get
Speaker 2: another card that I can cover what you are on
Speaker 2: the first card, but they give you no interest payments
Speaker 2: for ideally more than a year, So her credit score
Speaker 2: must be pretty decent. They gave her eighteen months because
Speaker 2: that's like one of the highest that you can get.
Speaker 2: And I think that's what I had gotten when I
Speaker 2: made my balance transfer, which is great, which means let's
Speaker 2: just pretend like she was able, like you know, the
Speaker 2: math is easy. Where she owed ten thousand on this
Speaker 2: one card and a different bank, and she has a
Speaker 2: balanced transfer card of eighty five hundred. She makes the
Speaker 2: transfer over to the eighty five hundred. Some of it
Speaker 2: will still stay on the old car, you know, the
Speaker 2: fifteen hundred or whatever left, but now she can every
Speaker 2: sense that she gives to the new card actually goes
Speaker 2: to the money owed. So that's the benefit. That's how
Speaker 2: I was able to get that. You know, remember my
Speaker 2: my friend who's in jail now, who you know? I had,
Speaker 2: the jake, the thief who oh he's a child. Well
Speaker 2: he was in jail temporarily. I don't know IF's still
Speaker 2: in jail, let's hope. So he left me thirty five
Speaker 2: thousand dollars in credit card debt and how I was
Speaker 2: able to pay it off is I got a couple
Speaker 2: of balanced transfer cards and transfer the thirty five thousand
Speaker 2: to those cards so I can focus on just paying
Speaker 2: the principle, not the principle and the fees and the interest,
Speaker 2: you know, And it took me about three years to
Speaker 2: do so. So one, you're you know, you're in pretty
Speaker 2: decent shape to start.
Speaker 3: But 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. No, but Wells Fargo, but Bank of America,
Speaker 3: these other banks they will offer. So you have to
Speaker 3: be careful to think ahead. Okay, you want to apply
Speaker 3: for BT at a totally different issue or a totally
Speaker 3: different bank.
Speaker 2: Sorry to interrupt, No, no, so I just so if
Speaker 2: it was me, because it was me, I would transfer. Well. One,
Speaker 2: be careful with balance tress for cards too, because sometimes
Speaker 2: at the end of the eighteen months you have not
Speaker 2: paid it off, it not only jumps to whatever the
Speaker 2: new interest rate is, but all the interests might come
Speaker 2: due from the very beginning. So be careful, careful, careful,
Speaker 2: Ja Lisa, Like, what are the terms? Because mine was
Speaker 2: one of those. So I said, Tippany, I don't care
Speaker 2: what you do, Sis, you got to get this money
Speaker 2: off this card in the eighteen months that they've given you,
Speaker 2: or you're not going to owe. You're not going to
Speaker 2: owe the twenty percent on like the balance that's left over.
Speaker 2: You're going to owe the twenty percent on the original
Speaker 2: balance you transferred over, which is sempre.
Speaker 1: So be careful of that too.
Speaker 2: But I would honestly transfer over all that I could
Speaker 2: and then pay my zero percent interest. I would make
Speaker 2: that card the priority. I would still do the snowball method,
Speaker 2: but I would make that, you know that the priority
Speaker 2: to pay down and pay off as quickly as possible,
Speaker 2: since all your money is going directly to what you owe.
Speaker 2: But I would ask myself, only transfer over what I
Speaker 2: know I could pay off in eighteen months, you know, like,
Speaker 2: so like.
Speaker 3: Just to the math because I was one.
Speaker 1: I was, go ahead, girl, do that math mind if
Speaker 1: I do?
Speaker 3: Illow me so eighty five hundred over eighteen months, that's
Speaker 3: four seventy two a month. So you have almost exactly
Speaker 3: what you need from your part time job to make
Speaker 3: that a priority and pay it down. But the key
Speaker 3: is if you let one month go by, then it's
Speaker 3: going to get more expensive and more expensive. And you
Speaker 3: and I have been there. I got a balance transfer
Speaker 3: credit card for more than that, and I was like,
Speaker 3: whoo who I didn't think I didn't use the whole balance,
Speaker 3: But then it feels like a place you can put
Speaker 3: things because it's zero percent, and then before you know it,
Speaker 3: you just rack up more and more. So it's and
Speaker 3: even for me, I know better. You know it got
Speaker 3: a little got a little hairy. So you have to
Speaker 3: be super disciplined, like immediately set up that auto payment
Speaker 3: so that you're not winding up eighteen months from now,
Speaker 3: because it'll sneak up on you, like Tiffany said, with
Speaker 3: a balance, because imagine if you even had like one
Speaker 3: dollar and then they're like, yeah, morel we'll take that
Speaker 3: twenty something percent of eighty five hundred and add it
Speaker 3: on and we'll keep you forever.
Speaker 1: Yes, Well, what you could do is this is not
Speaker 1: the idea.
Speaker 2: You could do another balance transfer like a month before
Speaker 2: for that like that, that would be the worst case scenario.
Speaker 2: If you still say, like a thousand hours that you
Speaker 2: just don't have it, you could say, hold up, I'm
Speaker 2: going to do another balanced transfer knowing that I'm not
Speaker 2: actually going to have it to get yourself out of that.
Speaker 2: But you don't want to be jumping, like you know,
Speaker 2: from balance transfer card to balance transfer card. But that
Speaker 2: is definitely like for those of you who are listening
Speaker 2: who are like, uh haha, I'm in that position where
Speaker 2: you know, like I thought I was going to be
Speaker 2: a paid off, I'm not. Then, you know, look for
Speaker 2: your This is why keeping your credit score decent is
Speaker 2: so critical because that's going to dictate how good of
Speaker 2: terms you're going to get with your balanced transfer card.
Speaker 3: Yeah, one hundred percent. Yeah, anything else? I mean she
Speaker 3: said to say she has a mix of credit between
Speaker 3: her credit card IRS and a personal loan. I would
Speaker 3: feel like the personal loan probably isn't that high of
Speaker 3: an interest, so definitely, like TIF said back, you know,
Speaker 3: use it for your credit card debt first. And foremost
Speaker 3: and kind of treat it like if you have extra
Speaker 3: room after you add the credit card debt, then add
Speaker 3: you know, either the IRS debt or the personal loan.
Speaker 3: Can you wait, you can't transfer IRS debt? How does
Speaker 3: that work?
Speaker 2: Charge? I think you would charge it. You would have
Speaker 2: to call your the credit card company like is it
Speaker 2: a roll over or do you just charge it?
Speaker 1: You see what I mean?
Speaker 3: So yeah, because with with balance transfers, I remember you
Speaker 3: have to tell them how much from your bank, your
Speaker 3: how much from your credit card you're transferring, what the
Speaker 3: bank name is, and your account, and then they'll go
Speaker 3: and grab it. I don't even think that I RS
Speaker 3: would qualify unless you just use Yeah, unless you just
Speaker 3: pay what with your credit card? And then that's another
Speaker 3: three percent processing fee. Probably the IRS probably charge charges
Speaker 3: of processing fee. Yeah, not to really be careful about that.
Speaker 2: So here's the thing, Like I think the biggest thing
Speaker 2: that you take away from this is that even when
Speaker 2: you're like planning on doing good things, there's map it
Speaker 2: out on paper, like okay, balance transfer, you know what
Speaker 2: happens if I don't pay it after eighteen months?
Speaker 1: Like I used to literally have a notebook for like
Speaker 1: these kind of choices, can I do this? Let me
Speaker 1: call the company see if I can do that.
Speaker 2: So that way before I make the move of like
Speaker 2: doing something that's going to put a little ding on
Speaker 2: my credit card, I can decide this actually makes sense.
Speaker 2: So certainly, j Lisa, we're proud of you for taking steps.
Speaker 2: But just know, moving forward, as you have these questions,
Speaker 2: what's so great is that you can ask the balance
Speaker 2: strengthsfer card people whomever you know, like, here are my
Speaker 2: questions I can decide doesn't even make sense to make
Speaker 2: to make this decision, you know, just moving forward, but
Speaker 2: these are questions you can still ask to make the
Speaker 2: best choice of what money should go on their card and.
Speaker 3: Have absolutely But thank you so so much to Lisa.
Speaker 3: I kind of want to call you KAlSi, but Julisa
Speaker 3: will do no, heir.
Speaker 2: I remember a Different World that used to be my
Speaker 2: girlj Lisa. Remember she used to date Sindbad that was
Speaker 2: her boyfriend on I.
Speaker 3: Watch a Different World like that, which one waster Lisa
Speaker 3: Lisa was?
Speaker 2: She wasn't I'm trying to think was she in the
Speaker 2: later episodes? I feel like I think so anyway, she
Speaker 2: was kind of like the ra. I don't know if
Speaker 2: you remember she had like shortthir okay, she was a
Speaker 2: phone one to go back and rewatch as an adult
Speaker 2: because I love watching Living Single as an adult.
Speaker 3: It was so fun and you to go back. Okay,
Speaker 3: maybe when I'm up all night with a toddler with
Speaker 3: a newborn and a dollars. All right, Lisa and everyone else,
Speaker 3: thank you so much for your questions this week. Again,
Speaker 3: hit us up. We are brodambisspodcast 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.
Speaker 3: Hey, ba Fam. We could not do this show without
Speaker 3: your support or the support of our team behind the scenes.
Speaker 3: The Brown Ambition Podcast is produced by Imani Crosby and
Speaker 3: Dennis stan Plinsky is our in house tech guru. I
Speaker 3: am your co host Mandy Woodrif Santos, and we will
Speaker 3: see y'all next week. Ba Fam.