What Is A Line Of Credit

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  • Опубліковано 22 жов 2024

КОМЕНТАРІ • 59

  • @ruthtrevino7755
    @ruthtrevino7755 2 роки тому +8

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

  • @annanahar2359
    @annanahar2359 2 роки тому +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 роки тому +3

    I’ve never commented on a UA-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 роки тому +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 роки тому +1

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

    • @lucymorrow6019
      @lucymorrow6019 2 роки тому

      Fantastic thank you!!!

  • @sheilaMalipenga
    @sheilaMalipenga 4 роки тому +8

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

  • @Suite1029
    @Suite1029 5 років тому +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 років тому +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 років тому

      @@DenzelNapoleonRodriguez I'm here for it!!

  • @tracey-anntreadwell4709
    @tracey-anntreadwell4709 Рік тому +1

    Thank you, sir, for that thorough explanation!

  • @SCPVIDEOPRODUCTION
    @SCPVIDEOPRODUCTION 4 роки тому +6

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

  • @ajmolina2618
    @ajmolina2618 Місяць тому

    Also Thank you for the knowledge and wisdom!

  • @shaysmith8354
    @shaysmith8354 3 роки тому +2

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

  • @RadhikaMeera
    @RadhikaMeera 4 роки тому +3

    Superb explanation. Thank you so much

  • @majorconsultingllc9074
    @majorconsultingllc9074 2 роки тому +1

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

  • @barbara554
    @barbara554 Рік тому

    Excellent video, answered a lot of my questions

  • @Jungle.D.OutDoors
    @Jungle.D.OutDoors 4 роки тому +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 роки тому

      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

  • @lidyanaredeemed9848
    @lidyanaredeemed9848 2 роки тому +1

    You are owesome brother!

  • @dynodetail
    @dynodetail Рік тому

    Massive help ! Thanks Denzel !

  • @dianacepeda411
    @dianacepeda411 Рік тому

    Excellent explanation, thank you!

  • @lidyanaredeemed9848
    @lidyanaredeemed9848 2 роки тому +1

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

  • @ravinderdhandi1013
    @ravinderdhandi1013 4 роки тому +1

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

  • @faybury4428
    @faybury4428 4 роки тому +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 роки тому +2

    Denzel, Thank you thank you thank you

  • @JuanAlvarez-pp1if
    @JuanAlvarez-pp1if 5 років тому +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 років тому +2

      Juan Alvarez you get charged interest once you start using it

    • @JuanAlvarez-pp1if
      @JuanAlvarez-pp1if 5 років тому +1

      Thank you for your response

    • @deeambition2961
      @deeambition2961 4 роки тому

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

  • @jasonpierre25
    @jasonpierre25 Рік тому

    Bless I’m tap in and return knowledge back

  • @delikanli627
    @delikanli627 4 роки тому +1

    Thank you brother.

  • @salim777star
    @salim777star Рік тому

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

  • @aya_gandalera
    @aya_gandalera Рік тому

    Very nice explanation ❤

  • @rodgibbs91
    @rodgibbs91 5 років тому +1

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

  • @harindersingh7113
    @harindersingh7113 5 років тому +2

    Thnkyu

  • @hcruzin268
    @hcruzin268 4 роки тому +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 роки тому +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 роки тому +1

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

  • @frankusujan3233
    @frankusujan3233 3 роки тому +1

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

  • @thinkb4umove157
    @thinkb4umove157 5 років тому +7

    I’m ready let’s do this!

  • @1maxnbrg
    @1maxnbrg 5 років тому +5

    Your a genius. Brilliant....thank you

  • @alabamahouseflippers4480
    @alabamahouseflippers4480 4 роки тому +1

    Great vid !

  • @JuanAlvarez-pp1if
    @JuanAlvarez-pp1if 5 років тому +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 років тому +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 років тому

      Thanks

  • @jayseymour3952
    @jayseymour3952 3 роки тому

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

  • @davidkillebrew5881
    @davidkillebrew5881 4 роки тому +2

    Cool

  • @xaviersmom337
    @xaviersmom337 6 місяців тому +1

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

    • @DenzelNapoleonRodriguez
      @DenzelNapoleonRodriguez  6 місяців тому

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

    • @ajmolina2618
      @ajmolina2618 Місяць тому

      @@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?

  • @nigelrivera281
    @nigelrivera281 4 роки тому +1

    subbed

  • @JuanAlvarez-pp1if
    @JuanAlvarez-pp1if 5 років тому +2

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

  • @arlinemoorer3973
    @arlinemoorer3973 Рік тому +1

    Let me see what you have

  • @juand9069
    @juand9069 5 років тому +1

    I'm scared . :)

  • @hedgefund996
    @hedgefund996 8 місяців тому

    Good Educational Content 🫡