Bill Bymel
Coffee with Bill: The Hidden Debt Trap Draining Paychecks and Portfolios
ABOUT THE EPISODE
How easy it is for financial products to be dressed up as solutions, while quietly concealing risk. In this eye-opening Coffee with Bill episode of Debt Doctor, I take a hard look at Earned Wage Access (EWA)—apps marketed as financial lifelines, but more often trapping borrowers in high-cost debt.
Though “cash-advance” apps are promoted as alternative to big banks, these fintech platforms charge fees that can balloon into 4-figure APRs and then ask borrowers to “tip” them for the privilege. As More Perfect Union highlighted in their video Billionaires Found a New Way to Steal Your Paycheck, this new wave of digital payday lenders is bleeding wages from the very people they claim to serve.
When financial instability takes root at the household level, it ripples up through credit performance, default rates, and ultimately the secondary mortgage market.
Whether you’re protecting your portfolio or preserving your paycheck, this conversation will sharpen your risk radar and challenge how you see “innovation” in financial services.
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What Our Listeners Are Saying
Worth the time
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Always interesting and insightful! Much to learn about all facets of real estate.
Great insights!
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Bill is a pro and brings on guests that expand the conversation even more. Smart and insightful podcast that will help anyone from a casual listener to a well versed finance pro. Thanks Bill!
Packed with real world advice
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I always pick up tips from this show. I like that Bill uses real world examples and experiences to get his point across. Guests are also top notch.
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Fun, entertaining and very useful - deserves a prominent spot in your rotation! Treasure trove of real estate tips, market trends, and investment strategies. Magnetic chemistry between the host and his guests.