Credit Crush Assignment

The Most Important Screenshot

Debt ManagementBefore You Apply Any Action Items, review the following elements in the Debt Management section of your plan. You’ll need to grab a “BEFORE” screenshot of these elements.

• Strategy
• Balance of selected debt — grab a screenshot
• Payment
• Proposed payments for next month — grab a screenshot
• Details — Before (Annual works better than Monthly)

Remember to Grab a “Before” Screenshot of each of your Data Cards which you will compare with the “After” Screenshots. About the Credit Crush AssignmentThe Credit Crush Assignment is all about understanding the cost of credit and how to apply simple strategies to eliminate debt so that you can build wealth. In this week's assignment, you'll enter your 3 big purchases in your BayRock financial planning portal: Home, Car, and Credit Card spending spree. Desired Outcomes

• Understand The Cost of Credit
• Identify Simple Strategies for Debt Management
• Eliminate Debt/Become 100% Debt Free
• Build Wealth by Investing Instead of Paying Interest

Step One — Update Your Data Cards

• Mortgage
• Loan Type = Mortgage
• Original Amount of Loan
• Monthly Payment
• Balance
• Interest Rate
• Loan Term — 15 or 30 Year

 

• Car Loan
• Loan Name = Type of Car
• Loan Type = Car Loan
• Monthly Payment
• Balance
• Interest Rate

 

• Credit Card
• Account Name
• Balance (at least $10k)
• APR — Annual % Rate (at least 10%)
• Student Loan (optional)

Step Two — Take BEFORE ScreenShots of Your Data CardsIf your data cards were correctly completed from last week’s assignment, just pop those images into this week’s article. If you made updates to your data cards, be sure to create a new, updated screenshot of your data cards:

• Mortgage
• Car Loan
• Credit Card
• Student Loan (optional)

Questions June 24, 2022 Debt Strategy - No Data?I am Melina from your BUSI 3300-13465. I am messaging you regarding my debt management portal on my assignment. I followed your class videos and I was wondering if I did something wrong seems like there is not any data. 

 

Questions from Students June 24, 2022Mortgage Payoff in One MonthI am attempting to complete assignment 6 and I have run into an issue with the Bayrock portal. I setup my mortgage, car payment, and credit card debt, but when I view the debt management tab, it expects me to pay the mortgage back within a month. I even changed my numbers to match your example and I still get the same issue. Attached is a pdf showing what I am seeing in my portal.