To raise your credit score ..obtain a cash secured loan or credit card from a credit union or bank. Make on time payments for at least 90 days watch your credit score go up and the financial institutions start offering you more credit..especially 0% credit cards. This helps to get you started.
I just wanted to say thank you so much for helping me see things in a completely different way. I feel like I just won the lottery. This is such an amazing way to live. I'm now using my credit cards the way they should be used. Getting out of debt and not living with the paycheck to paycheck mentally.
So i did zero interest balance transfers on all but one of my credit cards and now i’m implementing your strategy. Thank you. For first time in years i can breathe again because i have a plan that works.
You can do the same thing in 8 months with out taking out a line of credit by just by putting the cash flow amount to the credit cards, highest intrest rate first and work your way down every month. For 8 to 9 months. You're not saving that much, and you didn't have to take out another lone!! I have done it several times!
plus these numbers dont add up. she only including part of the expenses for rent and utilities. but her had 2715 of expenses... not accounting for like 300-400 of expenses and plus that last month he still has to pay rent and utilities, so it will take another month to wipe out. aside from the lower interest rate, this is deceptive. even with a 680 credit score if his income isnt high enough he might get rejected.
@@natarshiapeckthe missing 400 was paid off by paying those credit cards with a line of credit. This, the living expenses went down immediately. Cashflow is king!
Yes yes! Love your knowledge and you sharing with us! I thank God He helped you out of debt and you now give back bc you aren’t trying to money grab while helping those in need. God bless you Christy 💞🥰
Christy, off subject but your outfit is very flattering, so cheerful! I'm happy this man found you. I'm starting on my credit cards this week I'm excited thank you❤
Thanks for all your knowledge and help in this difficult times. I share your channel with my daughter,so she could understand this important financial advise.
Could the US Government do Velocity Banking? Maybe you could do a video to help them out. We're all trying but they don't seem to care about our future or our kids and grand kids futures
How do you handle the living expenses that occur once a year? Do you divide them by 12 and add it to the month living expenses? I'm working on the spreadsheet downloaded from your website. Thanks
I'm not sure what I looked at that prompted your videos to be seen but, im glad. Im a single gal wanting better in life. Since my life is half over, no better time to start trying a new strategy lol.
Would help if you 1. Clarify where a Loc comes from ex a heloc, cc, personal loan. 2. Mortgage holders and other bills cant be paid each month with a cc, if that is used as a line of credit. So, how would those bills get paid? 3. Does Loc allow for withdrawls each month to pay for these expenses. If using a cc as a Loc, then cash advance fees apply. Lastly, one would need to know exactly when the interest charges are added back to the loan so that a large payment could be made beforehand. That could be tricky. Overall, need way more specific info on types of Loc's and how they are used and obtained without this info, I find the videos very perplexing
@@labelleza7065 I did, seems it's all about getting a line of credit to tap into. I only know of home owners being able to do that. Anybody renting, not sure where they would find that type of loan product.
1. A personal loan is not a LOC. 2. Any video that uses a cc as loc, she puts the info in that specific video. 3. LOC refers to either HELOC or PLOC- used the same, but have different requirements and can be used for any/all bills mortgages, rents, etc. 4. LOC allow for withdraws by transfer/checks/card based on the terms of your line. 5. It’s a daily average balance, if you keep your income in it as long as possible and pay bills as they are due, that will be the determining factor of how much interest you pay, not so much when you deposit your check. Hope to this helps.
Thanks for the updated totals for this strategy scenario. If he couldn't get a line of credit, he could use his cash flow to start paying down his credit cards, correct? Thanks for encouragement, no matter what our personal situation is! Appreciate it!
Hi Christy, Can you get a line of credit if you don’t own home? What are other ways to get line of credit? My credit cards are all maxed out and I’m seating at 570 credit score.
I rewatched and saw a notice that the whiteboard has an error at the top. Correction states his Expenses, at the top of the board, should be 2330. Then, once he is no longer paying his 480 towards his credit cards, his monthly expenses are 1850 plus his line of credit interest.
Good morning, I went to your website and I was trying to finish my Information and submit, but it would not allow me to choose which program I was interested in, but unless I choose it wouldn't allow me to submit my email information. I love your videos, they have been a true blessing.
Where is this LOC coming from? If you are renting, you can't get a HELOC. If you have four maxed out credit cards, I can't imagine a bank giving you a signature loan. Since the credit cards are the "emergency" fund, I am assuming there is no savings account. Where is the collateral?
I have 4 credit cards. Totaling 29,000 dollars. I recently got a balance transfer offer for 10 months. I’m going to transfer the highest balance to that offer. The others at at 0% apr for another few months. One of them the 0% apr expires early December. How should I tackle this debt ? Even though they are currently all on 0 % Apr should I still get a heloc?
Do you have a video that shows how to use a heloc to pay off credit card debts, personal loans, and student loans; and how you pay for your monthly expenses through the heloc?
I have $15,000 in debt on one credit card and $3500 line of credit. My credit card interest rate is 9.90 % but my Line of Credit interest rate is 11.99% I don’t know if this method would work. Since the the rate is higher
So, what happens if you combine the various tools to help minimize interest? Most credit cards don’t charge interest if paid in full by the due date. This could allow you to keep your average daily balance on the LOC lower by using your CC to pay for expenses throughout the month, then make one big payment to pay it off in full at the end of the month with your LOC. But, maybe I’m missing something………
That sounds plausible. One could try to reschedule payment dates near the end of the statement month or combine many of them like that. Probably couldn't pay rent through a credit card but other daily expenses could be lumped up like that to reduce the daily average interest a bit. Interesting idea.
Not sure if you have a video on this. If I use a credit card that is maxed out. I place my income outside of my mortgage/car payments on the card. Do you have to wait till the credit cards close on the statement to start using them to pay bill/ expenses? I never see example on paying the card and when to use it. Thank you.
Hi! Love the content. Can you do more videos showing how to use a credit card to get out of debt. Credit is tightening and many of us have to get in a better position/raise score to get a HELOC OR PLOC
If your income to debt ratio is tight and you can't get a LOC and your paid weekly not a lump sum/ bi-monthly it is not so easy. The MTG of $1,000 p/mo plus credit card pymt of $723 plus car pymt of $250 cannot be paid by other credit cards - you'll have to keep that money in your checking acct. Plus the expenses cannot be more than your paying to the card on a monthly basis.. Or am I confused??
I've been watching your videos over and over trying to wrap my head around what you are saying. What I hear is put all your income into the line of credit but you can't pay your house payment, HELOC, or loans with that. How are you making the mortgage payment? I have an Aven card I'm not sure if that is a HELOC or just a credit card my limit is 30,000 but I only have 1288 available on it right now so I can't use that in the way you are talking about. I have several credit cards nearly maxed out. My husband passed away 2 years ago and I made some bad financial choices which I regret now and I'm afraid I won't be able to get out of debt. I need help.
I respect your work in Finance..one question would be..with the cash flow going into the monthly payoff as well.. if you need that extra for a sudden expense.. would that slow down the payoff process right? Love your efforts ❤
Christy I just found and started watching your videos and I have one question please: can you help folks who have filed a Chapter 13 bankruptcy? I feel hopelessly lost as though I’m in prison and will never get out of this nightmare!
What is the recommended strategy for mortgage of 2.37% rate no cc debt From the calculation I found that the interest of a HELOC would be significantly higher than just putting extra large chunks into my mortgage loan every three months Your thoughts?
Every time I think I have found one of your videos that would work for me, I see LOC, PLOC or HELCOC. I live in an apartment and or don't qualify for any of these.
Christy, Thank you so much for what you share. It is so helpful. i would like to knock out some debt. What are your thoughts on using a credit card called Aven that is backed by your home equity? I received a offer in the mail. Thank you!
Hi there! I’m new to your channel and am a firm believer in velocity banking. I have some questions that I’d like to ask about my current situation. Can we setup a time to chat live?
Hi Christi, do we put the expenses on, let’s say on pay day and then we take the expenses out the same day? Or do we wait 24 after to add back on the expenses??
I really try to follow where you get the numbers but I find myself pausing you too much and too long because you give numbers that you have already added or subtracted before your presentation. Can you please slow down a little and be very detailed of where, how and why you got the numbers you point to please? Thank you!!
I love your video they are very familiar to me some thing I used to play around with when I was a young adult just trying to manage my out of control financial problems. I have a question though, how do I work a 4 small credit cards all with interest and you only have income of $1506 with +/- 300 -400 cash flow? Just not sure how to start
If I understand correctly, you're suggesting that one should utilize their entire monthly income to make loan payments. However, I'm puzzled as to how one would still manage to cover other expenses such as rent and utilities. Could you please clarify?
I have a question that I don’t think anyone has ever asked you before. How do I do Velocity banking with a checking line of credit? being that a checking line of credit protects your checking account from over withdrawing and wouldn’t that be the same as just using my checking account at that point?
So wait. What happens at the end of all of your videos explaining this? Genuinely curious. I’ve watched your videos a lot trying to make sure this is what will work before I try it. Bc well, let’s face it, if it doesn’t work and I take the first step of all income towards debt balance and it doesn’t work I’m screwed lol. What happens on that “last” payment of income in and debt is finally gone?…..where’s your income to pay your bills then after that? If you just paid in your income for that last payment aren’t you left in a vicious cycle of using your line of credit continuously thus being trapped?
Wish me luck im going all in I currently have 2 credit cards one with a balance of $3800 with like 29% interest and minimum payment of 100 a month and another one with a valance of $1600 with interest of 24% minimum payment of $45 what do you recommend to pay of first the lowest balances or the highest balance first? Thank you so much, I was just too scared to add more balance to my credit card with my living expenses and bringing the balance higher. But I’m definitely going to give it a try. And try your way. ❤
What am I missing? This whiteboard shows income of 4260 and expenses of 2715….then she uses expenses of 1850 for each month. Where does that number come from. Subtracting 480 (the minimum credit card pmts) from 2715 equals 2235. I must have missed something
My question/concern is a personal loan isn’t a revolving line of credit so if I get one and put my income into it, how can I use it to pay for my expenses? I can’t since it’s not revolving like a credit card right? Also is it okay to put things that are no interest like a light and water bill into a line of credit when using this method? Lastly why do you never suggest getting a 0% interest credit card to do a balance transfer? I know there is a fee but it’s small and usually no interest for 12-21 months. Thank you
Hello Ms. Van, I click on your site to ask a question and I was borough to the contact me page. I am not looking to book a session right now. I just have some questions about your mini-course and I also tried to download the spreadsheet but I couldn't because it went to your website again. Been trying to reach out to you for about a week now and no reply to any of the video(s) that I have watched so far.
I love your video's but my question is how do I go about putting things on my credit card? Can credit cards pay my phone or electric bill by taking them out on auto pay?
I have one credit card, score of 820, and minimum payments are creeping up. What is your suggestion of fixing this debt. I've refundable two times in the past due to high balances.
Do you have strategy on this situation = 3 CC one with 28k, 21k, (37k charge card AMEX) and now have 30k cash to pay off - would you split the cash evenly or tackle the highest one $37k? Thank you.
Dave Ramsey would say pay minimum on all but knock out smallest Psychologically sound although others say pay highest interest first. Those are the two ways. I don’t know her philosophy.
Great video Love it!..... Quick question I have, if majority of your bills are on automatic withdrawal should you cancel that because it defeats the purpose of putting all your income into a line of credit if I have to turn around and take it back out to put it in the bank account for the withdrawal? Thank you for all your help.
Well I wish I would have seen this video before I used my LOC. I just paid off my credit card debit with my LOC and now I’m trying to pay down my line of credit. What would you suggest if this happens and is it possible to still do velocity banking.
Only thing I am mad about is the years they took advantage of my ignorance before watching ya videos!!!!
Fabulous this works. 50k paid off in 8 months. Priceless.
Working on raising that score. I can’t wait to get that PLOC! I can’t wait to release that stress.
To raise your credit score ..obtain a cash secured loan or credit card from a credit union or bank. Make on time payments for at least 90 days watch your credit score go up and the financial institutions start offering you more credit..especially 0% credit cards. This helps to get you started.
I just wanted to say thank you so much for helping me see things in a completely different way. I feel like I just won the lottery. This is such an amazing way to live. I'm now using my credit cards the way they should be used. Getting out of debt and not living with the paycheck to paycheck mentally.
That's EXACTLY the way I felt! Such a wonderful freedom!
So i did zero interest balance transfers on all but one of my credit cards and now i’m implementing your strategy. Thank you. For first time in years i can breathe again because i have a plan that works.
Glad it was helpful! So happy for you!!!
You can do the same thing in 8 months with out taking out a line of credit by just by putting the cash flow amount to the credit cards, highest intrest rate first and work your way down every month. For 8 to 9 months. You're not saving that much, and you didn't have to take out another lone!! I have done it several times!
plus these numbers dont add up. she only including part of the expenses for rent and utilities. but her had 2715 of expenses... not accounting for like 300-400 of expenses and plus that last month he still has to pay rent and utilities, so it will take another month to wipe out. aside from the lower interest rate, this is deceptive. even with a 680 credit score if his income isnt high enough he might get rejected.
@@natarshiapeckthe missing 400 was paid off by paying those credit cards with a line of credit. This, the living expenses went down immediately. Cashflow is king!
Love your content Christie,if possible, could you do a video on making daily payments on the credit cards and the benefits it has on your credit score
Basically, taking the cash flow towards that credit helps tremendously
Yes yes! Love your knowledge and you sharing with us! I thank God He helped you out of debt and you now give back bc you aren’t trying to money grab while helping those in need. God bless you Christy 💞🥰
Thank you so much!
Glad we got you to help us!!
Christy, off subject but your outfit is very flattering, so cheerful! I'm happy this man found you. I'm starting on my credit cards this week I'm excited thank you❤
You are definitely the "GOAT"!!! My parents and grandparents were great with money but you show a better way. Keep the videos rolling love them❤
This is like interest rate and cash flow optimization to maximize debt payoff with minimum interest expense. Fantastic!
I love this!!!! ❤ Now. Discipline!!! Discipline and focus!
Thanks for all your knowledge and help in this difficult times. I share your channel with my daughter,so she could understand this important financial advise.
Beautiful!
Could the US Government do Velocity Banking? Maybe you could do a video to help them out. We're all trying but they don't seem to care about our future or our kids and grand kids futures
How do you handle the living expenses that occur once a year? Do you divide them by 12 and add it to the month living expenses? I'm working on the spreadsheet downloaded from your website. Thanks
Yes, you can.
You are awesome ❤️🙏🙏 THANK YOU for all your knowledge on $$$ getting out of debt !!!!!! 🥰 God Bless You 🙏❤️
Thank you so much for your kind words!
I'm not sure what I looked at that prompted your videos to be seen but, im glad. Im a single gal wanting better in life. Since my life is half over, no better time to start trying a new strategy lol.
Would help if you 1. Clarify where a Loc comes from ex a heloc, cc, personal loan. 2. Mortgage holders and other bills cant be paid each month with a cc, if that is used as a line of credit. So, how would those bills get paid? 3. Does Loc allow for withdrawls each month to pay for these expenses. If using a cc as a Loc, then cash advance fees apply. Lastly, one would need to know exactly when the interest charges are added back to the loan so that a large payment could be made beforehand. That could be tricky. Overall, need way more specific info on types of Loc's and how they are used and obtained without this info, I find the videos very perplexing
Did you figure this out?
@@labelleza7065 I did, seems it's all about getting a line of credit to tap into. I only know of home owners being able to do that. Anybody renting, not sure where they would find that type of loan product.
1. A personal loan is not a LOC. 2. Any video that uses a cc as loc, she puts the info in that specific video. 3. LOC refers to either HELOC or PLOC- used the same, but have different requirements and can be used for any/all bills mortgages, rents, etc. 4. LOC allow for withdraws by transfer/checks/card based on the terms of your line. 5. It’s a daily average balance, if you keep your income in it as long as possible and pay bills as they are due, that will be the determining factor of how much interest you pay, not so much when you deposit your check. Hope to this helps.
Thanks for the updated totals for this strategy scenario. If he couldn't get a line of credit, he could use his cash flow to start paying down his credit cards, correct?
Thanks for encouragement, no matter what our personal situation is! Appreciate it!
I wrote out my plan…. My goal is Jan for my hELOC.
Thanks so much for all this encouragement.
I'm following your lead my goal as well. I gotta get a better score and pay off a couple things but I think it's doable.
Always great content. Thank you so much!
Thank you for watching!
Thank you so much, I feel we still have hope
Hi Christy,
Can you get a line of credit if you don’t own home? What are other ways to get line of credit? My credit cards are all maxed out and I’m seating at 570 credit score.
Thank you sooo much for helping me get my life finances back on track.
So happy for you!
2 uploads a day? Keep cranking them out.
I rewatched and saw a notice that the whiteboard has an error at the top. Correction states his Expenses, at the top of the board, should be 2330. Then, once he is no longer paying his 480 towards his credit cards, his monthly expenses are 1850 plus his line of credit interest.
No mistake...Income transfers eliminate the monthly payment due....so that payment becomes cash flow
Paying down the cards I see and that's really good but is getting a line of credit as easy as you make it seems.
We are we not teaching people this in high school? Best video!
Good morning, I went to your website and I was trying to finish my Information and submit, but it would not allow me to choose which program I was interested in, but unless I choose it wouldn't allow me to submit my email information. I love your videos, they have been a true blessing.
Where is this LOC coming from? If you are renting, you can't get a HELOC. If you have four maxed out credit cards, I can't imagine a bank giving you a signature loan. Since the credit cards are the "emergency" fund, I am assuming there is no savings account. Where is the collateral?
I have 4 credit cards. Totaling 29,000 dollars. I recently got a balance transfer offer for 10 months. I’m going to transfer the highest balance to that offer. The others at at 0% apr for another few months. One of them the 0% apr expires early December. How should I tackle this debt ? Even though they are currently all on 0 % Apr should I still get a heloc?
Do you have a video that shows how to use a heloc to pay off credit card debts, personal loans, and student loans; and how you pay for your monthly expenses through the heloc?
She has several, just check on her channel and search for the term.
Christy, Thank you so much!
Any time!
I have $15,000 in debt on one credit card and $3500 line of credit. My credit card interest rate is 9.90 % but my Line of Credit interest rate is 11.99% I don’t know if this method would work. Since the the rate is higher
How do you get approved for a PLOC when you have so much debt and your cards are maxed out, won't the bank see that and deny you?
I guess if it sounds too good to be true, then it must be Velocity Banking 😘
So, what happens if you combine the various tools to help minimize interest?
Most credit cards don’t charge interest if paid in full by the due date. This could allow you to keep your average daily balance on the LOC lower by using your CC to pay for expenses throughout the month, then make one big payment to pay it off in full at the end of the month with your LOC.
But, maybe I’m missing something………
That sounds plausible. One could try to reschedule payment dates near the end of the statement month or combine many of them like that. Probably couldn't pay rent through a credit card but other daily expenses could be lumped up like that to reduce the daily average interest a bit. Interesting idea.
Sure can!
Not sure if you have a video on this. If I use a credit card that is maxed out. I place my income outside of my mortgage/car payments on the card. Do you have to wait till the credit cards close on the statement to start using them to pay bill/ expenses? I never see example on paying the card and when to use it. Thank you.
Closing costs for a LOC when I checked are $2700 at the lowest. How do you get a LOC without paying so much in closing?
Hi! Love the content. Can you do more videos showing how to use a credit card to get out of debt. Credit is tightening and many of us have to get in a better position/raise score to get a HELOC OR PLOC
If your income to debt ratio is tight and you can't get a LOC and your paid weekly not a lump sum/ bi-monthly it is not so easy. The MTG of $1,000 p/mo plus credit card pymt of $723 plus car pymt of $250 cannot be paid by other credit cards - you'll have to keep that money in your checking acct. Plus the expenses cannot be more than your paying to the card on a monthly basis.. Or am I confused??
I've been watching your videos over and over trying to wrap my head around what you are saying. What I hear is put all your income into the line of credit but you can't pay your house payment, HELOC, or loans with that. How are you making the mortgage payment? I have an Aven card I'm not sure if that is a HELOC or just a credit card my limit is 30,000 but I only have 1288 available on it right now so I can't use that in the way you are talking about. I have several credit cards nearly maxed out. My husband passed away 2 years ago and I made some bad financial choices which I regret now and I'm afraid I won't be able to get out of debt. I need help.
I respect your work in Finance..one question would be..with the cash flow going into the monthly payoff as well.. if you need that extra for a sudden expense.. would that slow down the payoff process right? Love your efforts ❤
Yes...LIFE WILL HAPPEN.
Thank you so much for this video!
What if we don't have any credit card debt, yet we have little cash flow. Is velocity banking worth it for our 7 year old low interest mortgage?
Christy I just found and started watching your videos and I have one question please: can you help folks who have filed a Chapter 13 bankruptcy? I feel hopelessly lost as though I’m in prison and will never get out of this nightmare!
What is the recommended strategy for mortgage of 2.37% rate no cc debt
From the calculation I found that the interest of a HELOC would be significantly higher than just putting extra
large chunks into my mortgage loan every
three months
Your thoughts?
If you rent not own, where can you get a line of credit to pay off credit cards?? Wouldn't just be a personal loan?
You are awesome! ❤
Thank you for sharing this information
New subscriber. Thank you
Every time I think I have found one of your videos that would work for me, I see LOC, PLOC or HELCOC. I live in an apartment and or don't qualify for any of these.
Christy, Thank you so much for what you share. It is so helpful.
i would like to knock out some debt. What are your thoughts on using a credit card called Aven that is backed by your home equity? I received a offer in the mail. Thank you!
I am slightly confused, he has monthly expenses, how is he putting all of his income in every month? Did I miss a step?
Love your channel 🎉🎉🎉🎉🎉
I really need recommendations for lines of credit! I have a cap payment, 22 credit cards and a mortgage. I have gotto figure this out😊
This is amazing! Thank you!
You're so welcome!
Hi there! I’m new to your channel and am a firm believer in velocity banking. I have some questions that I’d like to ask about my current situation. Can we setup a time to chat live?
Thanks! Bless you!🎉
Hi Christi, do we put the expenses on, let’s say on pay day and then we take the expenses out the same day? Or do we wait 24 after to add back on the expenses??
Wish i would have seen this type of information 15 yrs ago
I really try to follow where you get the numbers but I find myself pausing you too much and too long because you give numbers that you have already added or subtracted before your presentation. Can you please slow down a little and be very detailed of where, how and why you got the numbers you point to please? Thank you!!
Great video, thanks!
I love your video they are very familiar to me some thing I used to play around with when I was a young adult just trying to manage my out of control financial problems. I have a question though, how do I work a 4 small credit cards all with interest and you only have income of $1506 with +/- 300 -400 cash flow? Just not sure how to start
PLOCS are running about 20%+ interest today. Is that too high to use it for this process?.
My question is… you put all your money in a line of credit but from a line of credit do you get a credit card or is it just a loan?
If I understand correctly, you're suggesting that one should utilize their entire monthly income to make loan payments. However, I'm puzzled as to how one would still manage to cover other expenses such as rent and utilities. Could you please clarify?
You pay your expenses that require cash first then pay off as much as possible on your cc…
I have a question that I don’t think anyone has ever asked you before. How do I do Velocity banking with a checking line of credit? being that a checking line of credit protects your checking account from over withdrawing and wouldn’t that be the same as just using my checking account at that point?
This is awesome!
Hi Christy
When totally out of debt where do you put your money since savings accounts pay very little interest?
good question
Christy does infinite banking with a life insurance policy.
Love the videos i want to get a line of credit but kind of maxed out on two credit cards. Not sure i could get approved. Thanks for the videos.
She shows in one of her videos how to use credit card to do the same thing.
@@dachsymom5232do you have the link?
Love your videos
Could you go thru same scenario without a PLOC?? Thank you for your content.
Can I use a line of credit to pay off my student loan? God bless you for this teaching .
Am I missing something?? Where is the consolidation loan payment figured in????
So wait. What happens at the end of all of your videos explaining this? Genuinely curious. I’ve watched your videos a lot trying to make sure this is what will work before I try it. Bc well, let’s face it, if it doesn’t work and I take the first step of all income towards debt balance and it doesn’t work I’m screwed lol. What happens on that “last” payment of income in and debt is finally gone?…..where’s your income to pay your bills then after that? If you just paid in your income for that last payment aren’t you left in a vicious cycle of using your line of credit continuously thus being trapped?
Wish me luck im going all in I currently have 2 credit cards one with a balance of $3800 with like 29% interest and minimum payment of 100 a month and another one with a valance of $1600 with interest of 24% minimum payment of $45 what do you recommend to pay of first the lowest balances or the highest balance first? Thank you so much, I was just too scared to add more balance to my credit card with my living expenses and bringing the balance higher. But I’m definitely going to give it a try. And try your way. ❤
Thank you xoxo
What am I missing? This whiteboard shows income of 4260 and expenses of 2715….then she uses expenses of 1850 for each month. Where does that number come from. Subtracting 480 (the minimum credit card pmts) from 2715 equals 2235. I must have missed something
My question/concern is a personal loan isn’t a revolving line of credit so if I get one and put my income into it, how can I use it to pay for my expenses? I can’t since it’s not revolving like a credit card right?
Also is it okay to put things that are no interest like a light and water bill into a line of credit when using this method?
Lastly why do you never suggest getting a 0% interest credit card to do a balance transfer? I know there is a fee but it’s small and usually no interest for 12-21 months.
Thank you
How can I contact you for help with my debt &
Business loans
Hello Ms. Van, I click on your site to ask a question and I was borough to the contact me page. I am not looking to book a session right now. I just have some questions about your mini-course and I also tried to download the spreadsheet but I couldn't because it went to your website again. Been trying to reach out to you for about a week now and no reply to any of the video(s) that I have watched so far.
What’s your question?
I have tried to get a loc, but keep getting turned down. They’ll give me a car loan but not a loc. depressing for sure.
How do you calculate the total Expenses? Living & rent don't add up, so I am missing something with the CC payment I think.
I love your video's but my question is how do I go about putting things on my credit card? Can credit cards pay my phone or electric bill by taking them out on auto pay?
Yes
Thank you and God bless
Thank you!
I have one credit card, score of 820, and minimum payments are creeping up. What is your suggestion of fixing this debt. I've refundable two times in the past due to high balances.
Good morning how are you? I would like to know if I have a car loan and my payment is $744 per month what can I do to pay it off sooner?
Do you have strategy on this situation = 3 CC one with 28k, 21k, (37k charge card AMEX) and now have 30k cash to pay off - would you split the cash evenly or tackle the highest one $37k?
Thank you.
Dave Ramsey would say pay minimum on all but knock out smallest Psychologically sound although others say pay highest interest first. Those are the two ways. I don’t know her philosophy.
Great video Love it!..... Quick question I have, if majority of your bills are on automatic withdrawal should you cancel that because it defeats the purpose of putting all your income into a line of credit if I have to turn around and take it back out to put it in the bank account for the withdrawal? Thank you for all your help.
I have all of mine on automated to pay minimum payments…then I chunk as needed.
@@VanntasticFinances thank you for the response..... keep up the amazing work
So do you deposit your whole income every month or every week. Since I get paid weekly. Thanks
@albertcordeiro6796 Everytime you get paid...transfer into LOC. Doesn't matter when you're paid.
great info, but i need to know where he lives with rent that low? 😂😂
You didn't put the cc payment back as income....did I miss sonething?
I have a loan out at 9.99% should I roll that into my credit card at 25%?
Well I wish I would have seen this video before I used my LOC. I just paid off my credit card debit with my LOC and now I’m trying to pay down my line of credit. What would you suggest if this happens and is it possible to still do velocity banking.
Can you send me a link for getting out of car loans? I have 2, over $80k
I cannot seem to find the free worksheet download! Please help! Ron