Hey, your advice on disputes worked for me. Thank you. Credit score is higher than it’s ever been. I’ve used both methods…the snowball works best for me, unless I have some at zero %…then I use the avalanche method ( although i didn’t know it was called that) . I’ve seen some videos from multiple source’s on youtube talking about velocity banking. Have you heard about it? Does it work? Thanks for what you do.
Ideally with the avalanche method you would delay repaying the 0% loan as long as possible, and then start aggressively repaying it before the promo period runs out and the interest rate turns into 20+ percent. If you have other credit card debt that is not already at 0% interest then repay that first. If you didn't have any other credit card debt, then personally I would start repaying the 0% loan ahead of time so that I could eliminate it before the promo period runs out. Paying 20% interest on a credit card for one month is roughly the same as paying 5% interest on a car loan for 4 months. So I would want that 0% promo card to be repaid before I moved on to other low interest rate loans because even a short time period of paying that high credit card interest is going to hurt. Ideally you would finish repaying the 0% promo card right as the teaser rate is set to expire.
Thank you for this!
Hey, your advice on disputes worked for me. Thank you. Credit score is higher than it’s ever been. I’ve used both methods…the snowball works best for me, unless I have some at zero %…then I use the avalanche method ( although i didn’t know it was called that) . I’ve seen some videos from multiple source’s on youtube talking about velocity banking. Have you heard about it? Does it work? Thanks for what you do.
I try both methods at once. Also known as alternating the two methods. I've seen my score go up and down, but it raises more than dropping.
U still help ppl with credit repair?
What if I have a card with 0% apr. if I’m doing the avalanche method, should my target first be instead the 0%?
Ideally with the avalanche method you would delay repaying the 0% loan as long as possible, and then start aggressively repaying it before the promo period runs out and the interest rate turns into 20+ percent.
If you have other credit card debt that is not already at 0% interest then repay that first. If you didn't have any other credit card debt, then personally I would start repaying the 0% loan ahead of time so that I could eliminate it before the promo period runs out.
Paying 20% interest on a credit card for one month is roughly the same as paying 5% interest on a car loan for 4 months. So I would want that 0% promo card to be repaid before I moved on to other low interest rate loans because even a short time period of paying that high credit card interest is going to hurt. Ideally you would finish repaying the 0% promo card right as the teaser rate is set to expire.
@@fluentinfinance3744 understood, thanks so I’m doing the right thing then.
Can i book an appointment with you on 15 minutes?