What Is A Line Of Credit

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  • เผยแพร่เมื่อ 16 ต.ค. 2024

ความคิดเห็น • 59

  • @ruthtrevino7755
    @ruthtrevino7755 2 ปีที่แล้ว +8

    Honestly this guy is a treasure. He is a teacher for sure. Thank you so much for uploading this.

  • @annanahar2359
    @annanahar2359 2 ปีที่แล้ว +8

    You explained the line of credit so well,😍. I literally understood it in 5 minutes it was such an amazing example!

  • @lucymorrow6019
    @lucymorrow6019 2 ปีที่แล้ว +3

    I’ve never commented on a TH-cam video in my life but holy shit when I saw this I just needed to leave a thank you comment. This was so helpful, really appreciate your content. You are helping so many people, thanks a million!!

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  2 ปีที่แล้ว +2

      Love the energy I will continue to deliver more to you I have a playlist called all about the line of credit where this video is part of a series of videos in order that’ll help put all the pieces together.

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  2 ปีที่แล้ว +1

      Here is the playlist to view - th-cam.com/play/PLnF-b0Fck4LiPKf81FbCgtRQaoYf4bzmT.html

    • @lucymorrow6019
      @lucymorrow6019 2 ปีที่แล้ว

      Fantastic thank you!!!

  • @sheilaMalipenga
    @sheilaMalipenga 4 ปีที่แล้ว +8

    You are just the best explainer I have ever listened and watched.thanks for solving my puzzle

  • @Suite1029
    @Suite1029 5 ปีที่แล้ว +6

    Denzel, I just want to take the time out to thank you for simplifying this debt weapon. I've watched a multitude of videos on velocity backing, paycheck parking, and PLOC. If I would've watched your videos when I worked on my credit, I would probably have little to no debt and working on an investment property or 2. You simplify this so well. Thank you for your time and ability to explain so that some can understand. I know some will still have trouble understanding. However, if they watch your videos a few times, it'll all come together.

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  5 ปีที่แล้ว +2

      Authentically Avia this is true thank you for your testimony I’m glad this helped you move forward and get closer to your goals. Stay tuned in for more I’m just getting started

    • @Suite1029
      @Suite1029 5 ปีที่แล้ว

      @@DenzelNapoleonRodriguez I'm here for it!!

  • @SCPVIDEOPRODUCTION
    @SCPVIDEOPRODUCTION 4 ปีที่แล้ว +6

    THANK YOU SO VERY MUCH! You made this so simple. I wish you good fortunes.

  • @tracey-anntreadwell4709
    @tracey-anntreadwell4709 ปีที่แล้ว +1

    Thank you, sir, for that thorough explanation!

  • @ajmolina2618
    @ajmolina2618 หลายเดือนก่อน

    Also Thank you for the knowledge and wisdom!

  • @shaysmith8354
    @shaysmith8354 3 ปีที่แล้ว +2

    I must say this is a very good video. I appreciate you breaking this down. You rock! Thank you!

  • @majorconsultingllc9074
    @majorconsultingllc9074 2 ปีที่แล้ว +1

    I truly enjoyed you. I learned so much. Thank you 🙏🏿

  • @Jungle.D.OutDoors
    @Jungle.D.OutDoors 4 ปีที่แล้ว +1

    I love your video bro I really need to learn more about this line of credit and how to set up for the rite one
    Great video

    • @saraedwards6153
      @saraedwards6153 4 ปีที่แล้ว

      Hello JUNGLE D OutDoors tv
      , I got in touch with gina@creditmasterfixllc?com and se helped me... Am very sure she can as well help you too

  • @RadhikaMeera
    @RadhikaMeera 4 ปีที่แล้ว +3

    Superb explanation. Thank you so much

  • @barbara554
    @barbara554 ปีที่แล้ว

    Excellent video, answered a lot of my questions

  • @lidyanaredeemed9848
    @lidyanaredeemed9848 2 ปีที่แล้ว +1

    Wow, you really helped me out! Thank you brother. Am going to follow you.

  • @dynodetail
    @dynodetail ปีที่แล้ว

    Massive help ! Thanks Denzel !

  • @dianacepeda411
    @dianacepeda411 ปีที่แล้ว

    Excellent explanation, thank you!

  • @lidyanaredeemed9848
    @lidyanaredeemed9848 2 ปีที่แล้ว +1

    You are owesome brother!

  • @ravinderdhandi1013
    @ravinderdhandi1013 4 ปีที่แล้ว +1

    What a great explanation...all doubts clear thanks man hats off 👍

  • @faybury4428
    @faybury4428 4 ปีที่แล้ว +1

    My local credit union offers PLOC but the interest is fixed and its a preset credit limit. Should I apply elsewhere?

  • @rafaelschulz6264
    @rafaelschulz6264 4 ปีที่แล้ว +2

    Denzel, Thank you thank you thank you

  • @JuanAlvarez-pp1if
    @JuanAlvarez-pp1if 5 ปีที่แล้ว +4

    If you take out a line of credit unsecured 20,000 dollars and you don’t use it ,do you immediately start paying monthly payments on that money or does the payment start the moment you use some of the money?

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  5 ปีที่แล้ว +2

      Juan Alvarez you get charged interest once you start using it

    • @JuanAlvarez-pp1if
      @JuanAlvarez-pp1if 5 ปีที่แล้ว +1

      Thank you for your response

    • @deeambition2961
      @deeambition2961 4 ปีที่แล้ว

      Denzel Napoleon Rodriguez but you’re only getting charged interest only on what you used out of that 20000

  • @hcruzin268
    @hcruzin268 4 ปีที่แล้ว +3

    My I ask, from your experience, what’s the typical FICO score the banks look at to get approved for an LOC? Mines is pretty bad right now @ 550

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  4 ปีที่แล้ว +3

      I would wait till you get it up to about 650 or higher and always check the eligible requirements for the specific bank you end up applying at

    • @e2a937
      @e2a937 4 ปีที่แล้ว +1

      @@DenzelNapoleonRodriguez where do you check and how often should you check to see if the score has gone up ?

  • @salim777star
    @salim777star ปีที่แล้ว

    Thank you for the info✨🎄are you able to make extra payment to pay back faster on a line of credit ?

  • @delikanli627
    @delikanli627 4 ปีที่แล้ว +1

    Thank you brother.

  • @aya_gandalera
    @aya_gandalera ปีที่แล้ว

    Very nice explanation ❤

  • @jasonpierre25
    @jasonpierre25 ปีที่แล้ว

    Bless I’m tap in and return knowledge back

  • @frankusujan3233
    @frankusujan3233 3 ปีที่แล้ว +1

    line of credit or credit lines means same? please comment.

  • @rodgibbs91
    @rodgibbs91 5 ปีที่แล้ว +1

    How do I pay my mortgage off in 7 to 8 years? Do I call my lender?

  • @thinkb4umove157
    @thinkb4umove157 5 ปีที่แล้ว +7

    I’m ready let’s do this!

  • @harindersingh7113
    @harindersingh7113 4 ปีที่แล้ว +2

    Thnkyu

  • @JuanAlvarez-pp1if
    @JuanAlvarez-pp1if 5 ปีที่แล้ว +1

    So you don’t advise to apply for line of credit with your bank with whom you already have a relationship?

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  5 ปีที่แล้ว +1

      Juan Alvarez only if that bank offers a line of credit that you bank with already then yes. If the bank you bank with does not offer a line or credit then you don’t apply for anything because they can’t offer what we want.

    • @JuanAlvarez-pp1if
      @JuanAlvarez-pp1if 5 ปีที่แล้ว

      Thanks

  • @jayseymour3952
    @jayseymour3952 3 ปีที่แล้ว

    Does anyone know if there is a provider in New Zealand?

  • @1maxnbrg
    @1maxnbrg 5 ปีที่แล้ว +5

    Your a genius. Brilliant....thank you

  • @alabamahouseflippers4480
    @alabamahouseflippers4480 4 ปีที่แล้ว +1

    Great vid !

  • @xaviersmom337
    @xaviersmom337 6 หลายเดือนก่อน +1

    I asked all my banks and they dnt do it , only overdraft protection

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  6 หลายเดือนก่อน

      What are you looking for a PLOC and what state are you in?

    • @ajmolina2618
      @ajmolina2618 หลายเดือนก่อน

      @@DenzelNapoleonRodriguez
      I found a CU that does PLOC, however they approved me for a Loan, but would not approve me for a PLOC. Do you have a CU you recommend in California?

  • @davidkillebrew5881
    @davidkillebrew5881 4 ปีที่แล้ว +2

    Cool

  • @JuanAlvarez-pp1if
    @JuanAlvarez-pp1if 5 ปีที่แล้ว +2

    Still waiting for a response to my question I know you must be busy but I would really appreciate a reply back.

  • @nigelrivera281
    @nigelrivera281 4 ปีที่แล้ว +1

    subbed

  • @juand9069
    @juand9069 5 ปีที่แล้ว +1

    I'm scared . :)

  • @arlinemoorer3973
    @arlinemoorer3973 ปีที่แล้ว +1

    Let me see what you have

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  ปีที่แล้ว

      Hello can you clarify your question what would you like to see specifically

  • @hedgefund996
    @hedgefund996 7 หลายเดือนก่อน

    Good Educational Content 🫡