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I Paid Off His $200,000 Debt

Caleb Hammer1:00

Transcription

Your girlfriend, she has no idea. Total debt is upwards of $200,000.

I'm looking at like some private investors to help with the consolidation.

Consolidation is not going to help you cuz what someone like you does is you take the debt. You consolidate it into this debt. Now you have limits that you can spend here again and then you spend it. Now you have double debt.

I'm not doing that.

No, but that's what everyone in you does. Now he's looking for a private investor to consolidate. Fine. I'll do it at 100% interest rate.

100% interest rate.

Yep. I mean, already paying the 20's range already.

Yep. I'll do it at 100.

Why 100?

Cuz why the would any private investor ever take you on?

Because they see my risk profile and never miss a payment. I've always managed my debt. I have a perfect history besides the amount of debt.

I'll consolidate your 180% debt at 18%. It can be paid over the course of 10 years. So, whatever that minimum monthly payment equals.

Yeah.

But I put a lean against every single asset you own.

I mean, go for it. That's fair. Handshake right here. Thank you. I just made a lot of