Credit Repair

How to Get out of Debt! (How We Got Out of $30,000 in Debt!)

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How to Get out of Debt! (How We Got Out of $30,000 in Debt!) – Highest Rated?

Want to know How to Get Out of Debt?💰 Today I’m sharing How We Got Out of Debt–$30,000 worth of debt!😱 (Crazy, right?!) Now we are living debt free! This video will show you how to start paying off debt, debt free tips and show you exactly what our family did to pay off our debt. More information below that could help too. So keep reading!

✨MENTIONED IN THIS VIDEO:

HULU FREE 2-Week Trial: Go here http://themeleashow.com/Hulu Must cancel before 2-week trial is up, or they will charge you $7.99 for the first month. If you keep Hulu, it’s only $7.99 each month! WAY cheaper than a cable bill!

If you are looking for help with refinancing a mortgage, you are free to reach out to my hubby for assistance. He’s literally helped hundreds of my followers get refinanced and in a better situation. Just reach out to him via email: bradyj@ranlife.com with any questions or if you want to start the refinancing process! (USA residents only)

To Watch Step 7 of this video, head over here: http://themeleashow.com/BudgetVideo It will help you find extra money, know where you are wasting money and keep it all organized EASILY!

💗OTHER VIDEOS YOU WILL LOVE:

🎥Costco Shopping Tips: What You Should & Shouldn’t Buy at Costco: https://www.youtube.com/watch?v=5xNNsezts3w

🎥Top 9 Things You CAN’T MISS at Universal Studios Hollywood! https://www.youtube.com/watch?v=gR2tRW-DtqE

🎥How to Get COOL, Free Stuff for Your Birthday! https://www.youtube.com/watch?v=s0mcn2WS-ew

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  1. The Melea Show
    July 16, 2021 at 3:28 pm

    For some reason, YouTube is having issues today. So if you want to see the STEP #7 Video, head here: http://themeleashow.com/BudgetVideo And to watch our BRAND NEW Family Vlog YouTube Channel and the new video I put up yesterday, head here: http://themeleashow.com/WonderfulLife

  2. nicholas woodall
    July 16, 2021 at 3:28 pm

    here's how i got out of debt i owed 25,000 dollars in credit cards and i couldnt pay it so i threw all the credit cards in the trash and threw away all the bills that would come in the mail all i would pay is my rent cable and electric and food,and let the bills goto collection accounts and just wait the 7 years till they drop off the credit then i moved and changed my phone number and did not give change of address this way i would never hear from them anymore doing this i was able to save alot of money during the 7 year wait for my credit to heal up and now i have good credit again and alot of money saved and i'm not in debt anymore and this time i will be more careful not to get into debt again

  3. Sidney Zighem
    July 16, 2021 at 3:28 pm

    I have been hearing a lot about these credit assistance company, and how they have actually helped people fix their credit score and clear their debts too, although I was a bit skeptical about trying them because of the fear of scammers, but then again my credit score was at 512, and I didn’t have anything to lose and so I gave them a try, I was shocking enough that in less than a week they improved my credit score to 680 and since then it has been going up, right now im on 780, they also cleared my debts too, and they also taught me how to keep my credit score up too, so why not give them a try rather than waste time and watch your credit go bad the more, you can check via website Goldensurvey. ORG and they would get right with you__

  4. Sidney Zighem
    July 16, 2021 at 3:28 pm

    I have been hearing a lot about these credit assistance company, and how they have actually helped people fix their credit score and clear their debts too, although I was a bit skeptical about trying them because of the fear of scammers, but then again my credit score was at 512, and I didn’t have anything to lose and so I gave them a try, I was shocking enough that in less than a week they improved my credit score to 680 and since then it has been going up, right now im on 780, they also cleared my debts too, and they also taught me how to keep my credit score up too, so why not give them a try rather than waste time and watch your credit go bad the more, you can check via website Goldensurvey. ORG and they would get right with you !

  5. Sidney Zighem
    July 16, 2021 at 3:28 pm

    I have been hearing a lot about these credit assistance company, and how they have actually helped people fix their credit score and clear their debts too, although I was a bit skeptical about trying them because of the fear of scammers, but then again my credit score was at 512, and I didn’t have anything to lose and so I gave them a try, I was shocking enough that in less than a week they improved my credit score to 680 and since then it has been going up, right now i'm on 810, they also cleared my debts too, and they also taught me how to keep my credit score up too, so why not give them a try rather than waste time and watch your credit go bad the more, you can check via website Goldensurvey. ORG and they would get right with you…

  6. Billy Masterson
    July 16, 2021 at 3:28 pm

    My scores are still rising!! Equifax- 200 points, Transunion 160, and Experian 215 points. My scores started at 493, 526, and 537. I'm going to keep saying it over and over again. This American virus program WORKS!!!!! I can remember when i wanted to buy a home my Trans-union score was 520. I applied for an AMX card to increase my score but was rejected because my FICO score with Experian was only 531. I took out a high interest loan on a new car and made triple payments and paid it off in one year the same as I did on my last four cars over the last ten years. My Experian FICO score dropped to 520. I have to check myself what I have done wrong? I was so penalized! I then contacted the hacker “Tim@ goldensurvey” on this same page to help me correct this since he had helped a lot of people according to their testimonies and to my surprise, he has done an amazing job. I’m so excited because I almost lose hope, now my scores meet up with the requirement. grade 811 This is really great !!! You can also text or call him on his whatssap no + 14077356053 Or on website: Goldensurvey. Org *

  7. Billy Masterson
    July 16, 2021 at 3:28 pm

    My scores are still rising!! Equifax- 200 points, Transunion 160, and Experian 215 points. My scores started at 493, 526, and 537. I'm going to keep saying it over and over again. This American virus program WORKS!!!!! I can remember when i wanted to buy a home my Trans-union score was 520. I applied for an AMX card to increase my score but was rejected because my FICO score with Experian was only 531. I took out a high interest loan on a new car and made triple payments and paid it off in one year the same as I did on my last four cars over the last ten years. My Experian FICO score dropped to 520. I have to check myself what I have done wrong? I was so penalized! I then contacted the hacker “Tim@ goldensurvey” on this same page to help me correct this since he had helped a lot of people according to their testimonies and to my surprise, he has done an amazing job. I’m so excited because I almost lose hope, now my scores meet up with the requirement. grade 811 This is really great !!! You can also text or call him on his whatssap no + 14077356053 Or on website: Goldensurvey. Org ..

  8. Arianna Diaz
    July 16, 2021 at 3:28 pm

    I am in college right now and debt terrifies me. My first year I had to live on campus, so I have quite a bit of debt from that. I am now a sophomore in college and work part time to pay for my apartment. This last year I’ve been working on keeping myself from getting in several thousands more of debt and paying off or saving whenever I can. I am a big time saver, so I try to be cautious about every little thing I do lol

  9. Renata Madicka
    July 16, 2021 at 3:28 pm

    Omg I remember something when you mentioned about the electricity. My ex coworker was tell that she pays 90$ pge and she lives by herself and I told her that's to much and that she should turn off and unplug everything except the fridge and the cable/internet and after a couple of months I received a pic of her pge of only 5$

  10. Jackie C
    July 16, 2021 at 3:28 pm

    Easily take on a second job earning 2k/month for 18 months..just be cautious with tax liability

  11. Jj Jj
    July 16, 2021 at 3:28 pm

    Do you own research about refinancing!!! Not alway the best…It is a product that is sold….

  12. Andrei Felecan
    July 16, 2021 at 3:28 pm

    Refinancing is the dumbest thing to do.

  13. Ivie Iwuoha
    July 16, 2021 at 3:28 pm

    Hi Melea. I've seen alot of videos where cutting off cable was a tip for cutting expenses. Do u have any recommendations for internet service? The cable company has a higher rate for internet only ☹

  14. chambers mike
    July 16, 2021 at 3:28 pm

    𝐈 𝐠𝐨𝐭 𝐦𝐲 𝐝𝐞𝐛𝐭𝐬 𝐜𝐥𝐞𝐚𝐫𝐞𝐝 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 @𝐣𝐨𝐧𝐚𝐭𝐡𝐚𝐧𝐣𝐚𝐦𝐞𝐬𝟐𝟒𝟕 𝐨𝐧 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦. 𝐇𝐞’𝐬 𝐥𝐞𝐠𝐢𝐭 ✅✅⬆️⬆️

  15. April Higgins
    July 16, 2021 at 3:28 pm

    Dave Ramsey.

  16. Alyssa Curry
    July 16, 2021 at 3:28 pm

    +1 (917)-791-6453 Kevin is legit and real

  17. MarkGoudy
    July 16, 2021 at 3:28 pm

    What makes your plan different? This sounds exactly like Dave Ramsey.

  18. Kaelyn Zielinski
    July 16, 2021 at 3:28 pm

    Yes please on the credit score video!!!!

  19. Danalee Henry
    July 16, 2021 at 3:28 pm

    I would like to know how to raise my credit score

  20. mina malcom
    July 16, 2021 at 3:28 pm

    I was in a serious debt and don't know how to pay it off not until i saw a comment about a great hacker and i tried him he help me pay off my debt free contact him +1 256 667 0055 he can help.

  21. Lean 2200
    July 16, 2021 at 3:28 pm

    Whats your husband contribution in all this cause most the time the husband is paying for everything while the wife gloats?

  22. Mild Sriracha
    July 16, 2021 at 3:28 pm

    I personally prefer the debt avalanche method over snowball

  23. Alitta Cadmus
    July 16, 2021 at 3:28 pm

    Watching this lets me know im not crazy.

  24. gemini2633
    July 16, 2021 at 3:28 pm

    I'm getting out of $30,000 debt in only 4 months. Hard work and sacrificing. By myself.

  25. Lorraine Joseph
    July 16, 2021 at 3:28 pm

    we had dept from a company that helped my husband with his family. And he set the other bills aside. So we said okay. We buy less clothes even for my daughter. I get clothes for my daughter from my family. My father bought her clothes my aunt bought her clothes. I bought a lot of second clothes. I also bought a gucci shirt i found on a second hand site. It was new. I save my money that i have left from food shopping at the end of the week. SO that helped. The supermarket has free flowers. So i get them every week when they give them for free. Even my family enjoys them. So the money that they save will be used for my daughter. That save me money at least 50 to 100 dollars a month. And We dont eat out each month.

  26. Josie Sweetme
    July 16, 2021 at 3:28 pm

    Thanks to hilaryhk422 @gmail com with their credit card hack I was able to pay my bills and my daughters college fees.Whtsap+1 three two three, three six four, Tripled seven, zero.. Praises hilaryhk422.

  27. Josie Sweetme
    July 16, 2021 at 3:28 pm

    Thanks to hilaryhk422 @gmail com with their credit card hack I was able to pay my bills and my daughters college fees.Whtsap+1 three two three, three six four, Tripled seven, zero.. Praises hilaryhk422.

  28. Ryan
    July 16, 2021 at 3:28 pm

    It's like she is trying to spew all this info without taking a breath..

  29. Nay Nay
    July 16, 2021 at 3:28 pm

    Do you suggest removing ACH for the credit card bills for the minimum balance due? So that if I have extra money pay towards it ? Or leave ACH in case I forget and just make extra payments when you have extra money?

  30. Calisa Hardy
    July 16, 2021 at 3:28 pm

    Huuummmm …. 🤔Numbering your debts by how many payments are left. That's a new twist! 😊 Thanks-great video

  31. Miss Kim
    July 16, 2021 at 3:28 pm

    Good plan, it would go faster if once you had the lowest balance paid off, take that payment and put it towards the PRINCIPAL of the furniture/RC Willey credit card, the one with the highest interest rate. You have to specify the extra $100 or whatever the extra amount is is for principal, not just the total amount, or they’ll put it towards “interest”. This pays down that card faster, the lowest percentage is the least important one to pay off. Even with a mortgage paying half , then be other half two weeks later, paying every 2 weeks instead, reduced the overall compound interest you pay long term (pays off faster). Even any extra. Always specify to add every extra penny to be paid to principal, or they’ll sneak and add it to interest instead, and that’s just money down the drain.

    I ditched TV altogether, it’s mind liberating and I haven’t missed all the drama, I have free time for others. Life is definitely better. Way better. Paying for Hollywodo movies is financing pedophelia, no two ways about it. When they accept and award and say they “counldmt do it without you”…they really mean it. Same for the music industry. They’re fully Satanic, they flaunt it in everyone’s face. So, look into it and everyone ask themselves if they want to pay the, to do what they do.

    As for refinancing a mortgage, just be careful… if you’d predict after having paid a long time, you reset yourself back to paying almost 99% for interest the first years, it takes years to begin to be paying towards the actual true house sales price. The principal. So, if you’ve been paying for years, and most of your payment now goes to the principal, you’d not want to refi and go alllll the way back to the beginning to pay just interest for all those years all over again. It would be a bad idea then. If you’re in the first 5 years of a 30-year, then maybe it’s worth a refi, if you can save 2 ormore points. Those are rough numbers, but it’s the idea. The longer you’ve been paying, often the better it is to stay put. The way to know for sure is to have them do the math if you don’t know how, to add up all you’d pay from today forward for each option, and that will give you your answer. Always get a fixed rate. Don’t do the the ARM (adjustable rate mortgage), when it shoots up in the future, and at some point it will, your payments will, too….

    Overall, the ladder method for building also helps. Once you have some money, put some in savings until you have enough for even a low-interest gaining CD (or a savings bond, or T-bills, etc.): and when they grow, or get you get several, them invest in mutual bonds with an inexpensive broker like Charles Schwab, into a ROTH up to a certain amount ( you pay the tax upfront but you don’t pay it when you take it out in the future, but you can’t take it out early or there will be a penalty, this is a retirement fund).

    Check into the limited amount you can take from it annually in the future, so once you feel that that one has been maximized, then you go onto the different kind of retirement account, usually one that takes the money out of your paycheck before taxes, and you pay the taxes in the future, which can be a lot higher, but that’s the way that works. At least it’s coming out of your check before taxes.

    And put everything you own into a trust, not a will. A will goes through probate, and basically that means everyone can argue about it, and the state can try to take things, and it’s a drawn-out process, but everything that is in a trust just gets transferred right over to the other owner of the trust if something happens to you. If you choose the right trust, there are several types, revocable, irrevocable, Q-TIP, etc. With a trust set up properly, there is no inheritance tax because the beneficiaries were the other owners all along. And if you want to prevent one person from taking over the family funds, a Q-TIP trust is good, such as for a second spouse, to protect the money for the children. Funds can go into individual trusts for the children, but also a Q-TIP basically puts the person (like a new spouse who isn’t the parent of the children, and just may not be as fair with your children after you’re not around as you’d like to believe they’d be) on a stipend, and then it dictates how much they can take out every year, so they can’t just make off with everything and leave everyone else in the lurch.
    This also brings up the extreme importance of life insurance. At least get enough to cover funeral expenses which is around $5,000 to $10,000 depending on where you live and what you do. Buy plots ahead of time if you can, so they’ll be together, they’ll only get more expensive in the future, but if not, let life insurance plan for that. But if you really love your family, do look into getting term life insurance for the longest time period you can possibly afford (whole life isn’t a good investment, other ways are better). Get enough to cover all the debt you already have, and leave them with some kind of windfall so they can not have to work while they are in morning because they are going to miss you and it’s going to mess up their life to not have you around. Then you don’t have to worry about your loved ones losing their home without you. They’ll be able to pay it off, and have recovery time off from work without fear and the added stress of the loss of you plus fending for their own survival. You don’t have to tell them how much they’d get, you can tell them they’d be ok. (In some families, it might not hurt to mention that no one can benefit from causing someone’s death…no assets from any trusts, wills, or life insurance will go to anyone suspected of that…).

    And if you have kids, definitely look into who you want to have custody if something should ever happened to you because you definitely don’t want the state making that decision for you, and they will. People may not think it happens, but it does, some of those child services actually have child traffickers within their agencies, and if they see a kid they think they can traffick, they will make up an excuse to take custody of the child. It’s happening in the US and the UK, children that will insist up and down, even without their parents present, that their home is safe and they just want to go home and be with their mommy and daddy, and the agents just make up some story to keep them. I don’t say this to scare people, I say this to give you the power to pre-empt any remote possibility of that occurring, I’ve known people that work in those organizations, and it makes them sick to see it happen when they’re powerless to put a stop to it. Orders will come from “higher up”, and their hands will be tied. Don’t let that happen. Legally make arrangements for the guardianship of your most priceless treasures of all…your children.

    They should come first before anything else in the whole wide world. Children are defenseless without you. Decide on your intended backup guardianship of them, with Plan A and Plan B, and if necessary, even a Plan C, and make it legal, in writing, and notarized, whatever it takes to make it 100% legal, and then do likewise with life insurance, and a living will or advanced directive. This states whether you want to be on life support if anything should happen to you. You can state how long you would want to be on it as well as whether or not you want to be on it at all in the event of some incident. You can also dictate specific forms of life support. If you write “indefinitely”, the hospital can force your family to keep you alive for as many years as they wish, until the family can no longer pay for it, whereupon they may just decide to pull the plug anyway. So, basically they can force your family into bankruptcy. Of course, it might be worth it if you may come out of it. I know for me, I would rather do everything possible to keep loved ones alive if there’s any chance at all.

    It’s also a good idea to find out the policies of your hospitals, because some will not honor them anyway, even though they are supposed to have to. And it wouldn’t hurt to just do a routine checkup every few years to make sure they still have the same policy thought they had. Then, if something does happen to you you could let the family know, to make sure you end up at the right hospital. Once you’re there, if their policy does not align with what your wishes are, they can try to refuse to release you to be at the hospital that will honor it.

    There are many men made holidays that everyone honors every month of the year, except August and that’s back to school there are many man-made holidays that everyone honors every month of the year, except August and that’s back to school month. It’s a wise family tradition to have one day a year even if you have to turn it into a nice dinner and a celebration, where everyone sits down and gets very real and very honest about their wishes. Even how you would want to have your own funeral might change over the years, I know mine has. It may seem unpleasant, but being honest and knowing how each other feels is really important. And then you’re not questioning if you did the right thing when decisions are forced upon you. For years, I had a musical playlist all set to go, that has changed. People think it’s morbid, but it’s actually not such a big deal, and doing it when it’s lighthearted and no one is under the stress of an actual loss is the time for it to be done.

    These things may even be more important than paying off the bills first. Otherwise, the day never comes to sit down and handle it. Life insurance would cover all your debt, but otherwise…it could go badly for the family.

  32. Kay Epperson
    July 16, 2021 at 3:28 pm

    Talking so fast. Frequently difficult to understand/follow.

  33. Kim Hubbs
    July 16, 2021 at 3:28 pm

    Would you recommend refinancing a vehicle? It's our largest bill and we still have a little over 3 years left to pay.

  34. Zoia Snegirev
    July 16, 2021 at 3:28 pm

    Thank you for this video it’s super helpful. I love how simple this is

  35. Maureen Atkinson
    July 16, 2021 at 3:28 pm

    She speak so fast I listened 3 times. Why you seems so rush?

  36. Blue BMW
    July 16, 2021 at 3:28 pm

    The eye rolling is strong with this one

  37. Belmy 08
    July 16, 2021 at 3:28 pm

    Yes I am interested in raising my credit scores w

  38. Belmy 08
    July 16, 2021 at 3:28 pm

    How do you handle accounts in collections ? could you do a video

  39. Bobo TheCat
    July 16, 2021 at 3:28 pm

    hello, my ex husband refinance the house 3 times, i am a foreigner and at the time i understood absolutely nothing about refinancing. i know now he took money after refinancing on his own account. My question is: I thought my mortgage would be lower each time and it went higher… any idea why?

  40. IrinaLikes
    July 16, 2021 at 3:28 pm

    definitely would love to see a video on credit scores

  41. Apple's bunches
    July 16, 2021 at 3:28 pm

    🙁 I'm doing something wrong if that's the case.. No debt !! I budget to hell.. Own my cars and house no mortage or loan.. I'm still living under the lines!! U make it sound like if ur debt free something magical will happen.. My goal is to be off grid 100% and be self substanceable.. I have my house half solar.. We wood heat.. We have prepaid phones.. I am thrifty as can be.. Can't work anymore then I do now.. Caring for 3 special needs children!! 2 have medical problems that's alot of hands on care!! Yes being debt free is less stressful which in itself is motivation to do so but it don't always come wit a big life style change for every1!!

  42. Sirius Jones
    July 16, 2021 at 3:28 pm

    I got out of 10k by using credit I already had. It does not pile more debt on and doesn't require a new loan. I follow a guy who have tips on how to do it.

  43. The Loan Robot
    July 16, 2021 at 3:28 pm

    Congrats and great advice about getting family on board! That's the biggest key.

    And don't forget that you actually saved much more than $30,000 (just the principal) when you realize how much interest you slashed by paying off your debt faster.