Kandi Burruss and Todd Tucker have a few words to tell their fans and IG followers about finance these days. The whole world is living a financial crisis due to the coronavirus pandemic, which will probably get even harsher with time.
Kandi and Todd are spending their days at home, and the RHOA star has already advised her followers to do the same thing.
Check out the video that Kandi shared on her social media account.
‘Have you deferred any of your payments? I am not an accountant, but I just wanted to share with you what @Todd167 & are doing. I couldn’t fit the whole video on here, so I may need to do a part 2,’ Kandi captioned her post.
Someone said: ‘Please make sure you are careful when doing this with a mortgage. True, they will not charge you late fees or penalties; however if you aren’t making payments, you are also not paying into escrow so when your annual escrow analysis is complete you will have a deficit and you payment will increase. I have been an exec in the mortgage industry for 20 years and this is one of the things that has been brought up in our projections.’
A commenter posted this: ‘How you have a car note? mortgage? I don’t understand you guys that make millions and millions of dollars a year and don’t own shit.. average people like myself are debt-free because I don’t buy what I can’t afford to pay for. If you want to help people preach that don’t try to impress people with things you need to figure out how to pay for.. want to impress me show me the deed to your house and the titles to your cars and I will show you mine.’
One other follower said: ‘Well Deferred means delayed and pay later. Also I believe Grace is receiving what you don’t deserve. For instance, You’re late on your bills, and you’re facing repossession, disconnect, eviction…etc and you don’t have the funds to pay your bills and you contact the lender and they give you an extension or deferral that’s Grace, but I believe when you have the money or funds and you’re not in a financial bind you should pay your bills immediately. This is the overflow of God’s Grace, having more than enough to take care of everything. This is just my opinion only 🤷🏽♀️🤷🏽♀️.’
Speaking about finance, Kandi told her followers that she has a new business going on these days.