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?
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 .
- 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
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.
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.
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?
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.
@@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.
Thank you C J your Channel is Phenomenal!!!!
You are an idiot ! He is nothing but a lying bastard and a fraud and you must be just a paid for fake comment
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?
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 .
- 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
work one card at a time unless you have a LOC that will cover the balance of two cards at once.....
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.
Line of credit is the maximum amount of credit that is accessible and available for you to use in your credit card.
What if the cc copany lowers your credit limit the moment you paid it?
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.
@@sinethembadyoki read the fine print.... they can
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?
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.
It’s a scam ! It does not save you money or pay off debt faster ! He is a lying bastard and a fraud
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
@@TekkAmaku ot just does not work unless you do the math wrong
@@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.
do you offer heloc for residents in Ga?
We sure do... you can get exclusive access here:
sa.replaceyouruniversity.com/CJWallace
Serious question: do you actually believe what you're saying?
500 videos on this subject dont you?
Dude you need to zoom out 🤣