Credit Card Debt Is Falling: How It Impacts YOU | The Credit Bubble 2021

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Credit-Card Debt Keeps Falling, Banks Are On Edge article: 

Timeline:
0:00 Start Here
0:20 The Credit Card Bubble
3:52 How It Impacts You
4:30 Mercari Sponsor: Resell Your Stuff
6:25 Credit Repair
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13:34 Investing Strategy

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The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available

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27 comments

likexbread May 29, 2021 - 12:17 am

Sounds like we’ll have ourselves some boom years ahead of us. We never learn.

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A1pHabeT 1 May 29, 2021 - 12:42 am

Debt what’s debt lol am free of debt I have CC and I pay every week I have 34k saved

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E May 29, 2021 - 1:05 am

1:14 "GOOD MORNING CAPITAL ONE" YES this happened to me! I had virtually no inquiries to speak of and 730 credit score with very low utilization! They denied me on grounds of "too many recent inquiries" which was false because I didn't have any! I checked all of my credit scores with all 3 bureaus and my info was accurate. I called capital one to try to be reconsidered and they basically told me to jump in a lake. I explained everything to them and there was no one who was willing to look into my application. They just said "if that's what the computer decided then that's final." I will never do business with them! I talked to so many reps and they were all horrible!

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Callum Robertson May 29, 2021 - 4:03 am

I know these banks decline me because of my annual income and it’s ridiculous

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Win Duncan May 29, 2021 - 4:26 am

Can you do a video for those with low spending and good credit. I find that I can't take advantage of a lot of the offers you post because I can't meet the required spend. I have trouble with a 2k spend and all the 3/4k cards are off the table.

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Following Maria - Travel Hacking May 29, 2021 - 7:04 am

I've literally been thinking about this exact same thing for a while now. Especially the fact that people are getting more financially educated with YouTube/internet, I keep thinking that more and more cards are going to be paid/higher annual fee and there will be a devaluation of points.

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Drake Sanders May 29, 2021 - 4:01 pm

I use my stimulus check to rebuild my credit score.

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Ric Gillis May 29, 2021 - 8:55 pm

Great video! I wonder if this will encourage Chase to remove their 5/24 rule? Probably not!, yet hopeful!LOL!

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SMH Ninja June 5, 2021 - 8:46 pm

100k offer is back!

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Jim Rr June 7, 2021 - 5:34 am

Let's just say no to drugs and debt

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S C June 10, 2021 - 5:02 am

people paying off their debts and defi disrupting the traditional financial systems? banks are screwed in the long term.

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Gerardo Alvarez June 11, 2021 - 2:02 am

So I was thinking about going after a Chase Sapphire. My credit is now at a 782. We did file bankrupty on a Chase second mortgage. Does that mean I'm probably done with them? The second was huge… about 40K. BK was ten years ago.

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No Name June 12, 2021 - 1:45 pm

Is capital one really considered sub prime tho? I’d assume them an discover are in the same category… Amex chase can Be the top tier but I put those two in that next tier

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Dan 32one June 14, 2021 - 1:29 am

Great explanation ✅

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ShoyuNYC June 15, 2021 - 8:24 pm

Barclays mailed me a letter explaining they added a statement credit to my canceled Uber Visa Card. 🤷

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iPierre July 2, 2021 - 5:02 pm

The debt has been falling because I made a video on how to get the perfect credit score without debt lol https://youtu.be/dtAzKiWMGeM

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Dave Martinez July 11, 2021 - 6:30 pm

Thank you your videos I always learn something from them

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Jay B. July 12, 2021 - 8:26 pm

In the early eighties, Capital One was just like today's Credit One, and the rest of them nasty card offers. Back then, they suckered me into their web of deceit

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Justin Zhao July 13, 2021 - 6:15 pm

Capital swiping right on everyone seeing who shows up, sounds like I catfished them

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Shaolin Soldier July 21, 2021 - 3:53 am

Working hard to pay them all off

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Rex_8787 July 29, 2021 - 3:56 pm

I pay off my cards every month, and my credit score dropped by 20 points this month . 😳

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00177454419 August 6, 2021 - 1:26 am

Can I assume that Cap one isn't one of your sponsors ?

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Raj R. August 11, 2021 - 6:25 pm

Its not about education its about travel and dining. Wait until people can travel, we will go from a falling credit card debt to the highest amount in history followed by the highest default rate in history.

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Robyn Giselle August 22, 2021 - 1:49 am

I’ve reported your video.

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O.C.G.M August 26, 2021 - 1:31 pm

According to our Child hair sniffer in Command…credit scores are racist 😂

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Omar Mahmood September 14, 2021 - 3:01 pm

Hi Sebby
Can you consolidate all repeatable bonuses for all issuers so we can built long term strategy

Reply
an237251 October 7, 2021 - 4:31 am

Who are the banks that keep a “black book”. I am currently rebuilding my credit. I burned chase, bofa, barclays, and citi bank. They were all for about $2-4k. The only one who i paid in full was chase. I am definitely interested in getting back to citis good side. So, i am curious to know if they have black listed me.

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