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Entertainment Want Your College Loan Debt 'Paid Off'? Go on TruTV's New Game Show

22:06  10 july  2018
22:06  10 july  2018 Source:   thewrap.com

Beware: Taking a loan from your 401(k) does come with risks

  Beware: Taking a loan from your 401(k) does come with risks About 11 million workers borrow money from their workplace retirement account every year. While the terms can seem appealing, there are short-term and long-term downsides to tapping that nest egg.Yet if you’re considering joining the ranks of borrowers, you might want to think twice.

Paid Off is a new trivia show airing on TruTV starting July 12 that wants to help American college grads pay off their student loans and raise awareness for the student loan debt crisis. This Game Show Wants to Give You Money to Pay Off Your Student Loans .

On Tuesday, truTV is set debut a new game show called “ Paid Off ,” which is being pegged as a classic trivia game show with a “Freddie Mac twist.” The 16-episode series hosted by comedian Michael Torpey will give three college debt -carrying contestants

a group of people holding a sign: paid off© TheWrap paid off

Is TruTV going to solve student debt? No, don't be silly. But one lucky contestant will get their student loans paid off by the network Tuesday night.

The network will debut its new game show "Paid Off" Tuesday at 10 p.m., which will see three college grads get a chance at winning their freedom from student debt. The show is hosted by "Orange Is the New Black's" Michael Torpey (he's also starred in a bunch of commercials for Chase and Hanes, alongside Michael Jordan).  "Who Wants to Be a Millionaire" alum Leigh Hampton serves as showrunner.

If the idea of a game show to help people pay off what is a serious real-world issue for many sounds ridiculous, Torpey agrees.

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Comedy game show ‘ Paid Off ,’ hosted by actor Michael Torpey, will debut on TruTV on July 10. John Nowak/ truTV . In “ Paid Off ,” a comedy game show premiering on TruTV later this month, the grand prize is having your student loans wiped out.

Rogan on Student Loan Debt - Продолжительность: 6:46 Joe Rogan University - Fan Channel 71 Sarah is Debt Free - Paid Off 33K of Student Loans in 3 Years | Budget Girl - Продолжительность: 11:53 Go Downsize 18 - Продолжительность: 8:42 The Dave Ramsey Show 68 264 просмотра.

"Paid Off" works like any other traditional game show: Three contestants battle each other to answer trivia questions, all with an education or college theme, such as "What's the Most Romantic Date You Can Have for Under $10?" (watch in the video above).

This may sound obvious, but contestants must be carrying college debt to appear on the show, some of which can run as high as $50,000. The exact amount that TruTV pays is determined by how many questions the winner asks in the final speed round. This is a game show after all.

How do I get out of $50,000 in credit card debt: personal loan or repayment plan? .
I’m 64. My credit score is about 656. Because of different reasons over a long period of time — including unemployment and health issues — I accumulated credit card debt of about $50,000.  I intend to take out an unsecured personal loan, but I don’t want it to have a negative impact on my credit score. I have a job now and I will pay my monthly payments on time.

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