I've Never Encountered This Before | Financial Audit

A video on YouTube. In Business & Money, a Krater category.

Summary by Krater

Caleb Hammer audits Raymond, a 28-year-old police dispatcher from Central, Texas, whose high-interest payday and installment loans are consuming his income.

From the video

Answers: How can a police dispatcher making $3,400 a month escape overwhelming high-interest debt?

personal finance
debt consolidation
budgeting
payday loans
credit card debt

What it concludes

Taking out payday and installment loans with triple-digit interest rates destroys personal finances.
Consolidating debt and cutting non-essential spending is critical to escaping a debt spiral.
Borrowing money to buy gaming PCs while in severe debt prevents achieving financial stability.

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