I wish I found you years ago. You are 100% right. I fell into the debt consolidation trap. It promised to renegotiate to have my interest lowered so I could pay off the loans faster and improve my score faster. My credit was good before their "help" . Just as you said, it tanked to the 500's. Finally, years later, I'm back on track. Listen to this amazing woman, she's absolutely right and this should be taught in schools. I just started velocity banking and can already see a difference! Thank you so much for sharing 🙏🏾
Blessings to all 🙏. I’m dealing with quite an unusual situation. Lost my father a few years ago. My sister and I assist my mother with rent and expenses. I’ve recently learned my mother has approximately ten thousand or so dollars in credit card debt she failed to mention to my sister and I. My mother is 75 years old and disabled. This is not worth the stress for my mother. I’m thinking about telling her to file for bankruptcy. My mother is not in the greatest health. I don’t think at this point in life and under the circumstances she should be stressed out about this debt. She should be trying to enjoy whatever time the Good lord grants her with us. I’m at my wits end. Any suggestions would be greatly appreciated. This channel has changed my life forever in a positive way. Financial literacy is not shown in schools I’m blessed to have come across this channel. 🙏 Thank you ! Stay blessed
By putting my utilities on my credit card and putting my paycheck in my ploc I'm able to create positive cash flow and pay my utilities forward your method helps me tremendously
When credit card companies cancel debt, it is taxable income. But there are exceptions. If you were insolvent prior to the debt cancellation, you won’t have to pay taxes on the debt cancellation amount. Talk to your CPA that does your taxes.
I paid on one of those for five years. I paid $100 per month for five years and now I’m released. I tried to get a credit card recently and it came back with a no as my credit score is still low
I made this mistake. My credit score went from 670 to 490 😢. Now that settlement companies have negotiated the accounts and are making the payments my score is starting to go back up. I can now qualify for a secured credit card and will double the pay monthly payments to get out of this faster.
❤I have set up a ledge to pay down my debts through credit card. If I have issues I will reach out to review my work. You have totally reach me. I prayed and you were there and I subscribed 😊
Yea all yall gotta do is let it charge off and call the companies tell them you're considering filing bankruptcy. They dont like bankruptcy and tell them you only have 25-30% of the actual debt
I’m so glad that I saw this because I have been receiving letters in the mail for consolidation and I was contemplating on doing it but I looked at the reviews and the comments and a lot of them were saying that their credit cards wasn’t paid so I’m glad that you did bring this to light to let people know that it does not work. Do it yourself. Thank you and God bless you.😊😊😊😊
I listen to you in the mornings when I get ready for work after graditude and prayer. God always uses you to keep giving me the wisdom and knowledge which is so much power. I will be starting soon. Fiixng to get a Heloc.
I would love to be able to understand your velocity banking and I am trying to watch all your videos to help me get it but so far I get so far then it all goes to confusing again. I won’t quit. 🙏🏻 I can understand it soon I am $32000 in debt to my CC’s.
using debt settlement companies can often create income tax problems. If the debt settlement company get the banks to write off money the IRS will consider that income the client has to pay taxes on. Be very wary of these companies.
Was just warning a friend recently about avoiding debt settlement companies, and to start watching your videos leveraging their existing Credit Cards and using Velocity banking instead. Note they cannot get a HELOC because they do not own a house, and Personal Loan is not an option due to their current Credit score. really trying to help them out with your videos educating them!
Christy ... I asked God the questions and he gave me the answers.. it was YOU😢!! You are such a BLESSING and EXACTLY what I needed on my financial wellness journey. May God bless you the way you are blessing us ❤
Any good lawyers that someone might know? Is just got scam and need some advice! At least try to get my money back! Thank you in advance! Stay alert and your guard up! Blessings to all!😊
eeeeks, sooooooooooo glad I saw this, I've talked to two of these companies and ALMOST did it just 2 days ago. The guy is suppose to talk to me next week because I told him I had to research it more....well, looks like that isn't happening after this video. I asked the guy how they get paid, that they aren't doing this for free, he told me that they get paid by the CC company....
credit card companies NEVER negotiates the credit card balance on a client who is current on the account. The most they will do is waive a late fee or reduce the interest or enroll the client into their debt management or credit counseling program. a credit card holder can ONLY NEGOTIATE a collection account or late account if they know what to say. You are way out of your lane on these points.
Owner-occupied duplex, no other debt - BUT I need a roof & underground plumbing repairs on only SS - Just started looking but not finding a LOC for duplexes - ???
regardless if it's a single, duplex or triplex the line of credit is the same you're not going to find a different loan or line. it's just a regular heloc, once it gets to a quadruplex then that is considered commercial and not residential by the banks.
I wish I found you years ago. You are 100% right. I fell into the debt consolidation trap. It promised to renegotiate to have my interest lowered so I could pay off the loans faster and improve my score faster. My credit was good before their "help" . Just as you said, it tanked to the 500's. Finally, years later, I'm back on track. Listen to this amazing woman, she's absolutely right and this should be taught in schools. I just started velocity banking and can already see a difference! Thank you so much for sharing 🙏🏾
I totally agree with you. It will take 7 years until you can begin your new FICO score and it is a real pain for this to happen.
Blessings to all 🙏. I’m dealing with quite an unusual situation. Lost my father a few years ago. My sister and I assist my mother with rent and expenses. I’ve recently learned my mother has approximately ten thousand or so dollars in credit card debt she failed to mention to my sister and I. My mother is 75 years old and disabled. This is not worth the stress for my mother. I’m thinking about telling her to file for bankruptcy. My mother is not in the greatest health. I don’t think at this point in life and under the circumstances she should be stressed out about this debt. She should be trying to enjoy whatever time the Good lord grants her with us. I’m at my wits end. Any suggestions would be greatly appreciated. This channel has changed my life forever in a positive way. Financial literacy is not shown in schools I’m blessed to have come across this channel. 🙏 Thank you ! Stay blessed
By putting my utilities on my credit card and putting my paycheck in my ploc I'm able to create positive cash flow and pay my utilities forward your method helps me tremendously
Love to get you to look over my situation. Not sure where to start. NO HELOC or PLOC available to me.
I made the mistake 2 years ago and have 2 years to go... I will be contacting you soon for help when I get close to being finished
Thank you very much for highlighting this. Don't think most know how it really works.
Yes. You will get taxed on the write off, as if it was income. Happened to me after a divorce 25 yrs ago.
When credit card companies cancel debt, it is taxable income. But there are exceptions. If you were insolvent prior to the debt cancellation, you won’t have to pay taxes on the debt cancellation amount. Talk to your CPA that does your taxes.
I paid on one of those for five years. I paid $100 per month for five years and now I’m released. I tried to get a credit card recently and it came back with a no as my credit score is still low
Look into getting a secured credit card. It should be able to help build up your credit score.
Glad to be here. I hope everyone’s well. Your instructions are always so inspiring.
I made this mistake. My credit score went from 670 to 490 😢. Now that settlement companies have negotiated the accounts and are making the payments my score is starting to go back up. I can now qualify for a secured credit card and will double the pay monthly payments to get out of this faster.
Paid 4 accounts.
With the little $$$
Increase 42 points credit score.
Need to focus on major debt.
Little help please.
Need a plan . Kind the stuck.
❤I have set up a ledge to pay down my debts through credit card. If I have issues I will reach out to review my work. You have totally reach me. I prayed and you were there and I subscribed 😊
LOVE IT!❤🙏🏽
Yea all yall gotta do is let it charge off and call the companies tell them you're considering filing bankruptcy. They dont like bankruptcy and tell them you only have 25-30% of the actual debt
I’m so glad that I saw this because I have been receiving letters in the mail for consolidation and I was contemplating on doing it but I looked at the reviews and the comments and a lot of them were saying that their credit cards wasn’t paid so I’m glad that you did bring this to light to let people know that it does not work. Do it yourself. Thank you and God bless you.😊😊😊😊
I listen to you in the mornings when I get ready for work after graditude and prayer. God always uses you to keep giving me the wisdom and knowledge which is so much power. I will be starting soon. Fiixng to get a Heloc.
I would love to be able to understand your velocity banking and I am trying to watch all your videos to help me get it but so far I get so far then it all goes to confusing again. I won’t quit. 🙏🏻 I can understand it soon I am $32000 in debt to my CC’s.
using debt settlement companies can often create income tax problems. If the debt settlement company get the banks to write off money the IRS will consider that income the client has to pay taxes on. Be very wary of these companies.
Thank you for this information Christy🙏
Was just warning a friend recently about avoiding debt settlement companies, and to start watching your videos leveraging their existing Credit Cards and using Velocity banking instead. Note they cannot get a HELOC because they do not own a house, and Personal Loan is not an option due to their current Credit score. really trying to help them out with your videos educating them!
Tell them to check out UA-cam channel Ask Me How I Budget. She teaches VB with multiple credit cards with no HELOC or Ploc.
She has videos on here hpw to do it with other options.
Thank you so much. You answered many questions I had about these companies.
Credit card companies can be brutal & God can be miraculous.
Which do you worship?
Christy ... I asked God the questions and he gave me the answers.. it was YOU😢!! You are such a BLESSING and EXACTLY what I needed on my financial wellness journey. May God bless you the way you are blessing us ❤
I'm so glad!
Everything you say happened to me. I’m stuck with low credit scores for several years
Great information...
Specifically shared...
You are correct you have to pay taxes cuz it will be considered income
South Carolina here
Thank you for your insight.
Any good lawyers that someone might know? Is just got scam and need some advice! At least try to get my money back! Thank you in advance! Stay alert and your guard up! Blessings to all!😊
Old adage....."You want it done right, do it yourself" -----> Velocity Banking !!!
Everybody else gonna help ya for a fee
eeeeks, sooooooooooo glad I saw this, I've talked to two of these companies and ALMOST did it just 2 days ago. The guy is suppose to talk to me next week because I told him I had to research it more....well, looks like that isn't happening after this video. I asked the guy how they get paid, that they aren't doing this for free, he told me that they get paid by the CC company....
Again tell the “Give Away” date please - thanks👍🏻
How would you find out if this technique can work for you. 🤔
credit card companies NEVER negotiates the credit card balance on a client who is current on the account. The most they will do is waive a late fee or reduce the interest or enroll the client into their debt management or credit counseling program. a credit card holder can ONLY NEGOTIATE a collection account or late account if they know what to say. You are way out of your lane on these points.
I’ve purchased the 6 week course that is supposed to start today, but still says pending on my account any help would be appreciated.
What strategies can be used to paid credits card without any line of credit ?
My credit union doesn't offer ploc's. It would help us if you could tell us the best places to get one.
Waxhaw North Carolina here
Any chance you can talk about grants?
Never a good idea.
Can I do this with two credit cards at a time? For example, I get paid twice a month and first check towards CC #1 and 2nd check towards cc#2?
What if credit cards gets charged off?
Hi everyone
Owner-occupied duplex, no other debt - BUT I need a roof & underground plumbing repairs on only SS -
Just started looking but not finding a LOC for duplexes - ???
regardless if it's a single, duplex or triplex the line of credit is the same you're not going to find a different loan or line. it's just a regular heloc, once it gets to a quadruplex then that is considered commercial and not residential by the banks.
Those are not good
Good video presentation but too long! Other than that it’s great