A SUPER Fast Way To Pay Off Credit Card Debt

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Christy Vann and its affiliates do not provide financial, tax, licensing, legal or accounting advice; the information presented on this web site/KZbin channel are presented for information/educational purposes only, and following the advice in this video is the responsibility of the viewer and not the video creator. By participating in this KZbin page, you agree to comply with the following guidelines. In any case, the information provided is “as is” with all faults and without warranty of any kind, expressed or implied. In no event shall Christy Vann, or any affiliate organization be liable for any damages, lost profits, or lost data even if we have been informed of the possibility thereof. Linked Items may create a financial benefit for Christy Vann. Christy Vann is an affiliate of Unstung Marketing LLC and may receive compensation for referring you to their services.

[@mimiseeyou]

Girl I just paid $350 from this week’s paycheck on credit cards! 10 minutes ago! And that’s not paycheck parking bc I paid off something last month. Thanks for all you do for the public!

[@hokugayle]

This is such a good example! We can’t get a line of credit, so using a the credit card method is a good alternative.

[@kay4732]

This is the video I've been waiting for. So many people can't get approved for a line of credit or balance transfer right away.

[@rachelgoodell3877]

Thank you for using a more realistic income. So many I've seen have incomes of $4500 to $8600. The majority of people don't make that much and looks more discouraging than encouraging.

[@VanntasticFinances]

@rachelgoodell3877 The average American household income is $5600 per month.

[@fountainmedia4683]

@@VanntasticFinances Oh wow, I didn’t know the average American household income was $5600. I’m so glad I come across your channel, because I learn something new everyday. I look forward to catching up on all of your older videos, as well as watching the new ones.

[@BrendaleeHarrisHills]

Yes, ditto!!! This example is truly more reflective of me as well.

[@thoendlovu520]

Hi you need assistance?

[@thoendlovu520]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@SidneySmith678]

For all of those confused - I’m trying to understand too. But I think you take the cash that you were going to use to pay each of your bills, $856 in this example, add it to the $911 and then use all of that money to make monthly credit card payment. Yo trick bank into thinking you are making a higher monthly payment to lower the minimum payment. Then you use that CC to pay your bills spread through month. Then continue month after month, and with the $911 and the lower interest charge. You will pay off debt quicker. It still takes time though.

[@kalidascope2]

It still doesn't make any sense. Is this working for you?

[@fisephalnoxt]

@@kalidascope2 yep, it doesn't make sense. It's better to cut expenses and increase income to pay off debt faster.

[@obertosiciliano1243]

So I guess for this to work correctly you need to be extremely disciplined and not spend any extra money other than your set expenses?

[@SidneySmith678]

Ok, I tried it for two months and it didn’t work for me. It’s better just to stick to a budget and do the snowball method to pay off debt …in my opinion.

[@kennycharles6041]

Of course it takes discipline. Everything that involves a change in behavior is difficult at first because it involves change. My wife and I began using velocity banking two and a half years ago (6/21) when we obtained a first position HELOC in an amount large enough to pay off our existing home equity loan and all of our credit cards. Using the HELOC as our checking account has enabled us to reduce our total debt from $156000 to a shade under $32000 in only 29 months! The true beauty of this strategy is that it has allowed us to weather a few financial storms ($21000 for removal of over 60 dead Ash trees in our yard and only a few months later $6000 for the replacement of 270’ of waterline from the meter to our house and a new water heater). Did these events slow us down in our plan to get out of debt? Of course it did but without the HELOC and velocity banking we would have had to put it on our credit card and pay those exorbitantly high interest rates for years. As it stands now we are 6-7 months from paying the HELOC off.

[@user-ot7ln4fy7y]

Thank you, Christy! I appreciate you sharing your knowledge SO MUCH!

[@skolar702]

I like the concept of velocity banking but in every video people make it seem like we get paid once a month, in reality we get paid bi weekly and some people weekly so a better break down would be nice to see how this concept will work in real time. In 2weeks I get paid, how much is going in. What will get paid and the remaining balance. Next 2weeks I get paid what will be paid off and what is the remaining balance on the card. If that type of video can be that would be really nice.

[@maedixon36]

I agree... however I just divided the income and expenses by half

[@kennycharles6041]

This is actually a very good question and while it won’t make much difference in how the credit card works, it does change the logistics in the process! 😎

[@sixthscentsfragrances2140]

everything goes into the CC each pay check, except for expenses that can not be paid with your CC. divide that number by 2- if you get paid bi weekly and keep it in your checking. hope this helps

[@reneeeitel9714]

She is giving total monthly income. It didn't matter if its ok and a month to every week. Take an average

[@robertnevarez7599]

Great point ! I too get paid bi weekly, however if you take an average let’s say of three checks, take that average and multiply it by 26; because that’s how many payroll checks you get paid in a year; divide that number by 12; that value will be approximately what you get paid on a monthly basis. It’s going to be pretty close. Some checks could be lower some higher. Be conservative; or look at pay stub history and see how you can average out a few; but the important thing here is not to over shoot, just keep it simple for white board purposes, this can give you a pretty good insight after taxes what you making.

[@maxteks1653]

I came across just one video by pure chance and I instantly understood you completely, and was amazed at how you opened my eyes in like 5 minutes . It is such a good thing you are doing to Help others who just don’t know any better,..I think you are a fantastic person and have a really good soul , to take the time to help so many like me who are struggling right now.

[@VanntasticFinances]

Wow! Thank you so much! I needed that! God bless you!

[@michaelcraig9227]

a great example of the velocity banking concept!!!

[@margaretbutterfield2225]

I started this process this month. I'm amazed at how this works. I was feeling stuck in credit card debt but now I am relieved Thanks you a million times

[@mhamdmziri9009]

Hi you need assistance?

[@mhamdmziri9009]

Their customer service team was friendly and knowledgeable, and they kept me informed every step of the way.

[@wendypederson7323]

I'm going to start my one smallest CC and see how it works. I noticed can't do carecredit though. Or can you?? I'm assuming not since isn't it a health care card??

[@diane8168]

Another great video and right to the point🥰 Love it!!!❤

[@tonyaevans9974]

Love the color marker

[@dadamntruth8393]

I’ve been watching Suze Orman, Dave Ramsey and quite a few others for YEARS and you’ve taught me in a DAY. I’ve shared your channel with all my children and I’ll be putting this to work starting September 1, again thanks❤

[@VanntasticFinances]

@dadamntruth8393 Thank you for the awesome compliment!

[@thoendlovu520]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@thoendlovu520]

You can also need to look their name up to see their website

[@clairedaniels1877]

Hi. Has this method worked for you?

[@Lena_Hill]

Phenomenal! I just asking a question on your other post regarding multiple credit cards! I am glad the algorithm sent you my way! Please keep the great content coming! 😊

[@louiswilliams4657]

Thank you working on it !

[@ChangingWindsWoman]

Love your financial worksheet!

[@VanntasticFinances]

Thanks so much!

[@_bazzmuhammad]

Thank you so much! I've been waiting for this video. Be blessed!

[@VanntasticFinances]

You're welcome! God bless you!

[@kathykeho6957]

You are truly such a wonderful person! I sent you an email and you answered it! I will continue watching all of your videos... Thank You!!!!!!

[@rukadorehosa3917]

I just found your channel. I'm making notes to pay off some credit cards. I have an old truck with a lot of miles and need to get another one in the next few months. My credit score is 750 so I could probably get one now but I think I'll be better off to pay these credit cards off first then a good used truck. I look forward to watching more of your videos.

[@tysh11]

I love this channel, I started doing this method today, and it makes so much sense. I wish I knew about your page years ago.

[@dpennells]

This was a great explanation. Thank you. I had been a bit confused about the expenses number & what we do with the cash flow. This clears it up and makes perfect sense.

[@mishi3389]

Lady where have you been all my adult life? Thank for the easy to understand method. I’m swinging in credit card debit. Need to pay before I retire.

[@randomlyplanning]

Finally!!! Now I understand. I really needed this. Thank you so much!!

[@VanntasticFinances]

You’re welcome!!

[@trulyblessedziiz1030]

Your videos are amazing, thank you

[@ivana.dejesusm.5168]

I'm making notes to pay off some credit cards. I have an old truck with a lot of miles and need to get another one in the next few months. My credit score is 750 so I could probably get one now but I think I'II be better off to pay these credit cards off first then a good used truck. I look forward to working more with *web backdoors*

[@jacoblozano5040]

Thank you for the great information. This is my first month trying this method.😢

[@RobertPeters04]

No way someone eats for the whole month for 200 bucks. 50 bucks a week for breakfast, lunch and dinner. No way

[@RobertPeters04]

@DrFinancialLiteracy so what 3 meals do you eat for $7.14 a day? That's assuming you just drink tap water which unless you have a well there is a water bill each month. That comes out to $2.38 each meal

[@chrisw3421]

I love your videos and it all makes sense. My concern is the fact we are all making the credit card companies richer AND more influential... in addition to the push for cashless, it's actually very concerning. ...I don't have the answers. These videos are all true and using credit is beneficial, the long-term consequences are also true.

[@galato4234]

Thank you for making these videos, I found you less than a month ago and I watched almost all of your videos and I got the concept. I am started doing VB 2 weeks ago and preparing myself to do it right. I am taking advantage of a 0% balance transfer cc to be able to pay the other cc. Again, thank you so much and God bless you!

[@gladwing3991]

I started VB 3 mos ago! It works! I have paid off $1,800 already. To some this may not sound like much but to me it is huge. I will be debt free soon and I'm so grateful for Christy and her channel!

[@VanntasticFinances]

@loriheller8183 THAT IS AWESOME!!! So happy for you!

[@prdvdsn1]

Makes a lot of sense!!

[@RobbyK-ok5dg]

It make totally sense!!.. thank you!!

[@VanntasticFinances]

Thanks for watching!

[@thomasmejiajr132]

Thank U, Thank U Thank U. I can't wait for our appt on Monday. I praise ADONAI for U (& D.Rodriguez) 😇😇😇

[@rowenatalie29]

Thank you

[@JohnTorreyblahblahblah]

One topic that is hard to understand is how when paying one CC off and moving to my next CC. Its confusing other than if the remaining balance is less that my available cash flow it just gets paid off? This transition is confusing. Can you please make a video on transitioning from one CC to another after one is paid off and what that looks like? I appreciate all you do and God Bless!

[@lew708]

Right, that’s what throws me off too being that once her card is paid off, she would still have those expenses taken out throughout the month. How does the transition happen to another credit card to pay off. Seems like you would have to make a double payment once it’s paid off to be able to make the switch to another card and truly have the initial card paid off…That’s how I see it on my mind.

[@lewisteixeira1012]

You are gaining more cash flow as you go. Allowing you to pay off the next card more quickly. If your calculation of daily interest is close they may owe you or you may owe them a tiny amount of money just a few dollars or cents. At least that’s how I’m seeing it.

[@SamanthasYouTube]

Yes I have this question too.

[@Sarah-pf8mg]

You would have to switch your payments to the next card you’re paying off. I think the timing is key.

[@williamhermann6635]

When you are approved for the loc you take it and pay that credit card off which is where the balance in the right column comes from. Youre eliminating the interest (and the monthly payment) from that card and transferring it to the loc. You then use your monthly income to satisfy the loc payment as well as the credit card payment thats been transferred to the loc. Remember, since this card is now paid off, whatever the monthly payment was before is now gone and added to your cashflow.

[@Therealanthonyj]

if you use something like stripe or square you can liquidate your cards to pay for rent or mortgage

[@lucasdutra8945]

You time and effort is greatly appreciated. The information you teach is truly priceless. I visited your website and plan on reaching out to you by the end of September in order to use your services. I hope and wish for you to also write a book 📕!! Wishing nothing but the best.

[@VanntasticFinances]

Wow, thank you

[@EddyScrivner]

I have a line of credit but I can only transfer money in and out of my checking account. I can’t pay bills directly from the line. How does that work? Why use the LOC when I can just pay the bills out of the checking account.

[@davidsyrus3157]

​@@EddyScrivner- She does not teach to pay bills directly from the LOC. You put all your income into the checking account, then transfer it to the LOC. Then, when you need to pay bills, you transfer the amount you need for bills back into the checking account, so bills can be paid on either "auto pay" or manual. The LOC protects/preserves your cash flow. Hope I could help!

[@EddyScrivner]

@@davidsyrus3157 thanks

[@realtalkpersonalfinance4872]

You all need to tune in to REAL TALK PERSONAL FINANCE podcast!

[@daug1783]

I feel like I go back in time when I watch these videos

[@maedixon36]

I made a dry erase board for my velocity banking😊

[@user-nv7vk6ex9s]

One of my credit cards has a limit of 8k. I'm behind on my payment and now my minimum is almost $300 . I can't charge my other cards because it won't cover all monthly expenses. Please help!!

[@VerbalOnLife]

Genius level math!! Thank you

[@jackiraguzman1724]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@jackiraguzman1724]

You can also need to look their name up to see their website

[@VerbalOnLife]

@@jackiraguzman1724Thanks I will look them up

[@sharionboyd9364]

Thx!

[@AGloriousLife]

Can you recommend how best to pay off store credit cards (in what order and how)? I have two store cards (Macy's and Nordstrom) and they cannot be used to pay for other items, and of course, I wouldn't apply my paycheck to them to pay for other items. Would this be treated as a regular expense that comes out of non-credit card paying expenses? Hope this question makes sense!

[@crystalterry144]

Thank you for this example using a credit card.❤❤❤

[@jackiraguzman1724]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@jackiraguzman1724]

You can also need to look their name up to see their website

[@Plagius8]

I saw this method with HELOC's. The object is to lower the daily balance, keeping the interest payment at a minimum while still using the CC and leaving a smaller balance at the end of the cycle. Brilliant.

[@VanntasticFinances]

Thanks for sharing!

[@elvishamilton5878]

I’m making notes to pay off some credit cards. I have an old truck with a lot of miles and need to get another one in the next few months. My credit score is 750 so I could probably get one now but I think I’II be better off to pay these credit cards off first then a good used truck. I look forward to working more with *web backdoors*

[@elvishamilton5878]

This has easily become one of my favourite & the realest credit repair source major level of mature grown conversations amongst legends intellectual mindsets. Different level of transparency.It’s authentic. Dope to see! Salute to the team look them up

[@elvishamilton5878]

You can also need to look their name up to see their website

[@noelleticman3475]

I really want to try this concept to pay down debt. Could you give an example of paying off multiple credit cards that are due at different times of the month while getting paid twice a month?

[@nmsauditor1a950]

First, make a realistic budget and figure out your monthly cash flow. STICK TO YOUR BUDGET! You will need to set aside cash for items you can't pay with a credit card, like rent, house notes, and other credit card minimum payments. Pick one of your cards to work on first. Every time you are paid, take every dime, less what you had to set aside, and pay it to that CC. Use that CC throughout the month. At the end of the month, what should remain on your card is your monthly cash flow which has paid down the balance. Repeat every month until the balance is zero, then start the process over on the next card.

[@toyajones2434]

I would like to see a scenario where the cash flow isn't there?? All funds are tied to a bill or expenses.....

[@wendypederson7323]

She does have a video of no cash flow but it was based off one expense though.

[@user-ot7ln4fy7y]

Thank you, Christy Vann! You have given me hope that I can finally get control of my finances. Do you have any suggestions on how to resist temptation to overuse the credit cards as the balances go down and I have more “free money.” I know this is incorrect thinking, but it’s there😢

[@VanntasticFinances]

You can do it! You just have to love FREEDOM, more than THINGS❤️

[@Michelle-ez3er]

Correct me if I'm wrong but, aside from the monthly payment..there is a finance charge as well. On 10k it's at least 125 a month.

[@christinepearson8551]

How can we get a personalized analysis?

[@prdvdsn1]

You’re doing great ❤

[@VanntasticFinances]

Thank you!!

[@TheDubya]

I am glad i stumbled across your videos. I am really doing some studying. Should i transfer credit cards over to another one for 0 apr and then go get a Ploc and start the process?

[@mkexotics1]

Does she live in a box ($500)and eat top ramen($200)???

[@ShinySilverBunny]

This is very confusing... how do you say the expenses and cash flow and minimum payment is a deposit to the CC? She only has 911 in cash flow that's a payment but expenses are not a deposit from my understanding. This doesn't make sense sorry can you please explain? You said her CC balance is $1900 and any expenses here is going to increase the balance, not lower it.

[@SidneySmith678]

I’m trying to understand too. But I think you take the cash that you were going to use to pay each of your bills, $856 in this example, add it to the $911 and the use all of that money to make monthly credit card payment. Yo trick bank into thinking you are making a higher monthly payment to lower the minimum payment. Then you use that CC to pay your bills spread through month. Then continue month after month, and with the $911 and the lower interest charge. You will pay off debt quicker. It still takes time though.

[@kwonthemove3709]

I was wondering the same thing. It took me a couple videos and I even did the match myself. The $1835 in this scenario is what you would need to come up with to pay the card each month. Your just combining your debts and payment you would have made into a lump sum.

[@florida1948]

Please consider showing us your calculations on how you come up with the interest in your problems. Math wasn't my best subject. I want to learn how to do the problem examples you show us.

[@florida1948]

Also I get paid twice a month with $4000 on the 1st and 1600 on the 15th. Thank you for helping us learn things that have real meaning in our lives.

[@MrSkull-tl5iv]

Here’s my math…. $1900 cc#1 +$856 added to cc#1 for expenses =$2756 -$856 minus cc#1 from income =$1900 cc#1 -$911 cash flow =$989 cc #1 ending balance Isn’t it the same as paying the $911 cash flow amount???😮

[@Dakid015]

That's what I was thinking too. But in her other videos like this she talks about using this strategy to cut down on interest charges because CC companies compute charges on the average daily balance. The more often you can slash the average daily balance with your income the less interest the CC company can charge overall. At least that's how I'm following it

[@nmsauditor1a950]

No, if you park your paycheck on the card, you will drive down the daily balance which in turn drives down the amount of interest that you are charged monthly. You are using your paycheck as leverage against the debt, until you need it to pay a bill, to drive down the balance. Hope that makes sense.

[@EveronesInvited]

Is the other credit card payments factored into the monthly expenses? Are we still making the other monthly payments that are on the left while we work on the credit card on the right?

[@florida1948]

where do you get the $48.00 in interest. Please show the calculation. Thanks

[@titadones7780]

How do I get an appointment with you

[@1992loran]

is it good t0 pay off your mortgage

[@sitinrol]

Do you know anything about the Upgrade Card? If so what do you think about it? Can it be used to do the velocity banking system?

[@cyspen8]

Thank you for your video. I was wondering if you could help me decide on which credit card I should start with DoING Velocity Banking to switch up my scenario as I am behind two months on everything now what is my best starting position???

[@KatJaguar1122]

My highest credit debt is currently with PayPal credit. I am unsure if I can even get a card from them to use. I didn’t ask or check. I’m not sure I could use that to pay expenses. Perhaps I could use it for subscriptions. Maybe PayPal credit is more like a loan. If so then I would be best looking for a PLOC that I could open and use to pay off the PayPal credit. I have never had a PLOC with a bank. I need to improve my credit a bit before going that direction. So that means I may need to start with a smaller credit card debt first. After getting questions answered about the PayPal credit. Hmm. Very interesting to think out loud like this.

[@RiceMadeMeLean]

So confused 😭 how are we paying off credit cards by using the cc to pay other bills

[@livingtherufflife]

You’re paying less interest so your balance goes down faster. Just keep watching the videos that apply to your situation & i think she said it takes watching 7-8 videos before u get it.

[@SidneySmith678]

Ya, I don’t get it either. I just have one credit card to pay off and I don’t get it. Guess I’ll watch more videos.

[@BradDiBenedetto]

You’re not. At best you’re maybe gaining a few extra bucks a month by playing the interest games. Realistically the main thing making the balances go down is the fact that the expenses are 900 dollars less than the income.

[@Euphoftoday]

Credit cards are just that CREDIT they aren't DEBT cards. They are express trusts, nothing is owed and all that is required is a signature on a BGC to settle the account.

[@TheYconrad]

⁠​⁠@@Euphoftodaywhat’s a BGC?

[@keepcontent7005]

Thing is I’m trying to solve this with the income I have and expense I pay, just need help really trying to figure this method out with my situation

[@melvenwendleton8262]

how do u get started

[@jeannejones5449]

I’m not getting it. I’m missing something

[@livingtherufflife]

Keep watching more examples/scenarios and eventually it will click.

[@izphilly1]

Can you pre pay lump sum payments to pay utilities for months while implementing the velocity banking method ?? I did this many years ago with a tax return and had all my utilities payments covered for about 5 to 6 months and it was a good decision then for I was able to pay off a few minor debts. Now I see this velocity banking method and I kind of see how I may be able to do something similar. Would this be advisable using a credit line ??

[@vanessacouve8847]

Would you call this “rolling”

[@galato4234]

Thank you for your response. I will get 90k cash soon and I have 40k in debt. do you think I should be paid all of my debt and save the 50k? thank you so much for your response. I really don't know what to do.

[@Radspad77]

Yes. Pay off all your consumer/credit debt as fast as possible. Put back 6 mo living expenses and an emergency fund. The rest you can invest or play with.

[@Gigi22225]

Pls help I’m struggling paying my credit cards 😢.

[@jeanjacote5891]

So you charge the chargeable expenses to which credit card? The highest one? That brings the balance up. If I charge to the other cards, the balance goes up there. So min payments would go up. Can you explain? Thanks.

[@Rrhode23]

It looks like you included the monthly expenses as a payment to the credit card not a charge to the credit card? Am I seeing this wrong ?

[@scottclark2315]

$200/month for food? That's being incredibly frugal.

[@joyhappiness]

no it isnt. thats taking $50/week and learning how to meal prep decent food. actual frugality with food is

[@MsAmbermcclain]

Can you please explain how this method is advantageous over simply using your cash flow to pay down debt each month?

[@vquez3291]

I may be wrong but If you only use your cashflow +min payment , I'm this scenario the payment would only be 978 vs 1835 thus you would be paying more interest bc the balance will be higher

[@vquez3291]

This is my understanding

[@jerrylundegaard2592]

The benefit would be using a low interest rate HELOC to pay off a higher interest rate credit card debt. Velocity banking is voodoo financing for the financial illiterate.

[@user-kp7qd3ku3r]

I’m self employed and get payed different days and different amounts through the month. Would this process work the same? Would I need to save my money until the end off the month to make one large payment towards my credit card?

[@kevseb66]

I still didn't get it??? If you send the credit card money only to use that same money towards bills how are you paying the credit card off?????

[@carlosGarcia-xq5ld]

what about the loans

[@EllenGormleyCrochet]

Does it make any difference when the credit card payment is due every month? Right now as soon as I get paid, I just pay a lump sum toward my credit card the best I can. When does the interest get applied to a credit card? Is there a more strategic time to pay toward the credit card to mitigate the next interest fee?

[@EllenGormleyCrochet]

Always. Every payday I do my best.

[@Seritta123]

Thank you, so much. I am trying to do velocity banking now. I am struggling with my expenses because of food and other monthly payments. One thing I am trying to do is cut down bills. I just got rid of my cable today. I also need to find cheaper car insurance. Do you have any ideas of good but cheap car insurance companies?

[@kristenarias2022]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@kristenarias2022]

This has easily become one of my favourite & the realest credit repair source major level of mature grown conversations amongst legends intellectual mindsets. Different level of transparency.It’s authentic. Dope to see! Salute to the team look them up

[@kristenarias2022]

You can also need to look their name up to see their website

[@BodaciousWench]

Can’t read the pink lettering

[@steelworker78ma]

The way I see it, it still will take time to pay off the credit card. Maybe spreading out the monthly expense between role other cards would be the same concept?

[@TheTraderGuy]

Wait, so you charge 1835 on a card that already had 1900 on it, and somehow you turn around and pay just 1835 to pay off the card? Its like the CC company doesn't care about the new charges? You will still have the 1900 original balance there.

[@riverafloridahomes]

Is there a specific day that I should put money into the card so it would charge the least interest?

[@riverafloridahomes]

@@DrFinancialLiteracy Does it have to be close to the due date or that does not matter?

[@_stina_]

What happens to your PLOC when you no longer need it? If you only get it to help pay off debt, you finish paying off the debt, is there a penalty for no longer using your PLOC?

[@VanntasticFinances]

No penalties…you’ll always use your lines

[@donromanstraining]

When you deposit income to Heloc do you apply it to principal or regular payment?

[@donromanstraining]

@@Click_on_profil No!

[@STILLPHENOM]

For me it hasnt work. Its actually getting worse because I suck. I do not have the discipline. Im drowning in more debts. I dont know what to do anymore.

[@jackiraguzman1724]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@jackiraguzman1724]

You can also need to look their name up to see their website

[@mzondi1970]

This don't work except for a small percentage what if you're on disability and only get 1200 a month and have $10,000 end credit explain to me how your plan works

[@steelworker78ma]

If she pays off the credit card to make room for her livable expenses, wouldn’t the balance just be taken back out of the card again? And wouldn’t it still take just as long to pay the card off seeing that you are just making a hidden minimum payment?

[@ChiLLaXinMaN81]

Ok question how do you pay rhe other CC. Bc you cant pay a CC with a CC. Unless u do a cash advance. And usually cash advance carry a higher % than the card unless you have one that has the same % on a CAdv. ??

[@MeBe35]

How do you track when your loan is fully oaid off? Look at it monthly? Everything makes sense to me except this.

[@Jesus-kt5dc]

Yes, look at your bill. It has monthly payment, remaining balance (what you still owe), finance charges (banks profit). The wording might be different for everyone, but you'll figure out the 2 numbers that add up to your monthly payment. Principal + Interest = monthly payment. Have a great day.

[@cynthiamerryman]

I am starting to understand but how are u making money out of nowhere.

[@porterhouse7260]

Rent $500 a month!? Where dat? hahha

[@GEvans-xi4id]

Probably a roommate situation. $500 is probably her portion.

[@quingofcozycastle]

That's how much my rent was, until I moved this month. The c.o.l. in an area makes a huge difference. :)

[@denisepanzarella2833]

What if you are maxed out on that credit card and you can't use it to charge your bills on?

[@leah-7011]

I think then it comes down to how much cash flow/income you have. You would apply your available income/cash flow to the balance of the card, which would free up some available credit, which you would then use to pay your monthly expenses.

[@diane8168]

She has another video specifically addressing your question. Also I would ask for a credit line increase, I just asked my cc company for an increase and they gave it to me. Always ask for more than you need too. Hope this helps🥰

[@mamat792]

Do you have a template for this to help us to see our numbers, and what period it will take for us to payoff our credit card? My cc is less than 10K @ 9/9%, but it's taking forever to pay it off. I'd like to understand how to do that sooner. Thank you!

[@jackiraguzman1724]

Hi you need assistance?

[@jackiraguzman1724]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@jackiraguzman1724]

You can also need to look their name up to see their website

[@moviemusicmash4899]

I dont understand why you consider "chargeable expnses", or "cc mo payment" as income? equaling to 1835 of income. cash flow is income. bills are not income. wouldnt the chargeble expenses eat into the "cash flow"

[@fedcopp]

I have a question. First, nice thx for the info. Ok i have 3 Cc's 1-$3500 bal, the other 2 have a $500 bal on each. I didnt want to continue paying on each card every month so i got a cash adv on Cc #1 and paid off the other 2 cards. Now my bal is $4500 on Cc #1. What is the best stategy to pay this off fast.

[@stephaniemann2576]

I have one question. If my cc is attached to my checking… you say to transfer your income to that credit card but I have two options to pay this cc… pay the cc or transfer to your cc. Which one do u do? I get paid weekly. Do I transfer weekly or pay it weekly. Or does it matter ? Thank u!! A light bulb went off finding your channel! Spreading to all my friends and family! God bless you!

[@jackiraguzman1724]

Hi you need assistance?

[@jackiraguzman1724]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@jackiraguzman1724]

You can also need to look their name up to see their website

[@zxnuc]

OK so i have a credit card balance of $17,000 with 22.24% interest rate and i can pay this off buy selling my Honda HRV with 25,000 miles on it to carvana which they will pay me $18,000 for it. Now on the other hand I can buy a new Tesla model Y which they are running a promo of 0.99% APR for 60 months. Vehicle amount is $42,990/destination fee 1,390 / order fee $250/minus instant federal tax credit of $ 7,500 for this EV car . Total of $37,130 plus tax and other misc small charge. My question is. Will i get big savings out of it if when doing this since the car has a very low interest. Thank you. Need your answer asap please.

[@realchanger8220]

So what do you use to make those min payments on the other credit card

[@ivana.dejesusm.5168]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@ivana.dejesusm.5168]

This has easily become one of my favourite & the realest credit repair source major level of mature grown conversations amongst legends intellectual mindsets. Different level of transparency.It’s authentic. Dope to see! Salute to the team look them up

[@ivana.dejesusm.5168]

You can also need to look their name up to see their website

[@maryjones2038]

I was approved for a Net Credit LOC for a small amount of $5000 should I take it to start off with or no????

[@Jesus-kt5dc]

Since you got approved for it, it's already on your credit score, you might as well use it. Build a relationship with a credit union that provides PLOCs and in a year from now apply for another PLOC. By that time you lowered your debts, increase cashflow and Hopefully increase income. Have a great day.

[@maryjones2038]

@@Jesus-kt5dc hey Jesus it was a preapproval so I have not accepted it yet. I just have never heard of net credit