Pay off any loan faster with credit cards - Velocity Banking Method

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  • เผยแพร่เมื่อ 3 ธ.ค. 2024

ความคิดเห็น • 24

  • @rimfixer
    @rimfixer 11 หลายเดือนก่อน

    Thank you C J your Channel is Phenomenal!!!!

    • @sfsfuzzy3597
      @sfsfuzzy3597 11 หลายเดือนก่อน

      You are an idiot ! He is nothing but a lying bastard and a fraud and you must be just a paid for fake comment

  • @mslingling2410
    @mslingling2410 11 หลายเดือนก่อน +5

    What if I have 2 capitol one credit cards n 2 credit one bank n 1 Merrick bank credit card n I am trying this method with all of them n getting now where how can I get theses paid off quickly?

    • @BoxingWizard
      @BoxingWizard 11 หลายเดือนก่อน

      I would focus on the CREDIT ONE card , pay it off quick as posible than close it . They will blood suck you dry . And they have horrible out of US back office .

    • @betitos11
      @betitos11 10 หลายเดือนก่อน

      - You need positive cash flow or it doesnt work. Meaning take out less than you put in. If you cant do that you would need another line of credit like a heloc or personal line of revolving credit so you can pay those high intrest cards and then put your income into that line of credit but always take out leas than you put in. Look for kristy vann velocity banking, her explanation is simpler to follow. Good luck

    • @iamOAKland
      @iamOAKland 10 หลายเดือนก่อน

      work one card at a time unless you have a LOC that will cover the balance of two cards at once.....

  • @chappahx
    @chappahx 11 หลายเดือนก่อน +2

    I think what makes this confusing to some is that you're using the terms "line of credit" and "credit card" interchangeably. Since a line of credit is different from a credit card, which one are you talking about? Thanks.

    • @sinethembadyoki
      @sinethembadyoki 11 หลายเดือนก่อน

      Line of credit is the maximum amount of credit that is accessible and available for you to use in your credit card.

  • @da.janggas
    @da.janggas 11 หลายเดือนก่อน +1

    What if the cc copany lowers your credit limit the moment you paid it?

    • @sinethembadyoki
      @sinethembadyoki 11 หลายเดือนก่อน

      No cc company can lower your credit limit without your permission especially if you are paying on time. The only thing that cc company can do is to increase your credit limit.

    • @iamOAKland
      @iamOAKland 10 หลายเดือนก่อน

      @@sinethembadyoki read the fine print.... they can

  • @smiff7286
    @smiff7286 11 หลายเดือนก่อน +1

    I'm confused. If you're using 5k to pay the loan and your income is 5k, how are you paying your other bills? Are you using a portion of the 5k to put on the loan and the rest on you bills or living expenses?

    • @oregondeb1971
      @oregondeb1971 11 หลายเดือนก่อน +3

      To me it looks like he is putting the money into the line of credit and then using money from the line of credit to pay the loan and other expenses.
      Essentially using the same dollar twice. $1 payment towards the line of credit, which increases the available balance, and then pulling money from the line of credit available balance (the same $1) for groceries or whatever.

    • @sfsfuzzy3597
      @sfsfuzzy3597 11 หลายเดือนก่อน

      It’s a scam ! It does not save you money or pay off debt faster ! He is a lying bastard and a fraud

    • @TekkAmaku
      @TekkAmaku 11 หลายเดือนก่อน

      The monthly payment to your credit is NO LONGER a bill. It's a transfer. Switching up the terminology has helped me tremendously in the beginning

    • @sfsfuzzy3597
      @sfsfuzzy3597 11 หลายเดือนก่อน

      @@TekkAmaku ot just does not work unless you do the math wrong

    • @glycyldi
      @glycyldi 11 หลายเดือนก่อน

      @@oregondeb1971 You can never use a dollar twice. That's just a nonsense VB selling point. You can pay down a dollar of debt, then borrow another dollar.

  • @homesteadcane1126
    @homesteadcane1126 11 หลายเดือนก่อน +1

    do you offer heloc for residents in Ga?

    • @velocityc
      @velocityc  11 หลายเดือนก่อน +1

      We sure do... you can get exclusive access here:
      sa.replaceyouruniversity.com/CJWallace

  • @glycyldi
    @glycyldi 11 หลายเดือนก่อน +1

    Serious question: do you actually believe what you're saying?

    • @iamOAKland
      @iamOAKland 10 หลายเดือนก่อน +1

      500 videos on this subject dont you?

  • @betitos11
    @betitos11 10 หลายเดือนก่อน +1

    Dude you need to zoom out 🤣