NY Couple Looking For Relief From Negative Cash Flow. Low Credit Score. First Lien a MUST!

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Christy Vann and its affiliates do not provide financial, tax, 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.

[@seymourfamily9942]

I've worked for a bank for 7 years! I'VE NEVER heard of anything like this! You are teaching people the GIFT OF FREEDOM! God bless you and this ministry! Finally Hope!❤

[@VanntasticFinances]

Awwwww! Thank you so much!

[@yolandamfarrell01]

Banks don’t want ppl doing this. They want to give out loans and not LOC

[@barbie62bj]

Hi Christy, we are all truly blessed to have you helping each and everyone of us, through all your teaches, and your videos. You have given faith, and less stress. I am going to be debt free in the coming years. Thank thank you, so much. God bless you Christy. ❤🇨🇦❤️🇨🇦🙏🏼👍

[@LoverOfBlackCats]

Thank you so much for all you do to help others. I now feel like there is hope for me and my situation. God bless you and your family!

[@VanntasticFinances]

Well, I am so glad! Thank you for your kind words!

[@Kraden26]

Honestly I'd skip paying a third party to repair your credit. Especially with negative cash-flow. Good old KZbin university is free (shy of your internet bill). Maybe I'd consider Tradelines just for a short term score bump in order to get approved for some sort of credit that you wouldn't get approved for otherwise (unless you personally know someone with a long history of excellent credit that would be willing to add you to their card for an indeterminant amount of time as an authorized user). Otherwise, just learn the varying factors that make up your score, which of those are more impactful, and learn when your statement period closes vs your due date. Then just start paying off your balances with the Velocity method and that will start bumping your score pretty quickly. The quicker you can get individual cards paid off, or at minimum under 30% of the total available balances, the better. Never miss a payment! Always have minimum payment set to 'auto' as a just in case. Make your bigger payments prior to your statement close rather than due date. Leave the due date for your minimum (or more) auto payment. Try not to rack up a bunch of hard credit checks in a single year (this isn't hugely important, but they can add up and take a whole year to drop). I took my bad credit from barely 600 and got my wifes credit started from scratch to mine in the upper 700's and my wife teeters just below 800 in just over a year, all from just following great youtubers advice and learning the game.

[@Kraden26]

I guess if I had negative remarks on my credit already (late/missed payments) then I 'might consider' working with a repair business to work with the creditors to get those removed. But really you can do that all yourself too.

[@Opm0316]

Agree. There’s no magic in raising credit scores. It all comes down to the factors and the big ones are credit utilization ratio and on time payment.

[@jelsener100]

God bless you ma’am. Thanks for being so kind to folks.

[@VanntasticFinances]

How sweet thank you so much!

[@tinktink7236]

God morning how can I send a thank you gift because you are giving life changing info and I truly appreciate you

[@barbaracarbone4658]

Good one. Great example. Hope this couple are doing well.

[@juliem2538]

The monthly expenses for food, utilities, gas, insurance… are not accounted for in this scenario

[@Sony72604]

Expenses are 8863 dollars. That includes all the items you mentioned.

[@Nazerate]

Amen to the truth word of God. I am trying hard, I hope the light will come through me. I desperately in need.

[@patrickbrennan736]

I found your channel love it love what you teach you are angel

[@annmcb]

Brittney Green is the only one I’m familiar with also; I haven’t work with her, but listened to her on Denzel’s channel.

[@stacyharris9669]

Yahoo this will be awesome!! Bless you

[@levisonmalanga4900]

I cannot see their expenses - if all their income is going into HELOC, how are they paying for daily living (food, gas, heating, etc)?

[@MikeHobbs]

One way I’ve seen people do it is put all your expenses on a “cash back” credit card then pay the card balance off each month with the HELOC. Then you get cash back on everything without paying any extra interest and leaving the balance as low as possible on the HELOC before adding back in the expenses.

[@RealLifeFinance]

You are correct she has expenses at $8800 but doesn't show how they are covering those

[@jt4621]

I believe you put all income into the bucket (credit line) and then use out of the same bucket (credit line). If you are consistently adding income and sporadically taking out expense payments you eventually will bring the balance to zero. The trick is to keep expenses steady, not increasing them, and to put your income in as soon as you get it. Timing is the key. In, in, in, out. Repeat until it’s gone.

[@gina77duc44]

@@RealLifeFinance they were obviously living off credit cards. That is the only explanation for the high balances until it got out of control

[@alexcameron2880]

@@RealLifeFinance A lot of the expenses was debt. When she paid them off with the HELOC, that freed up a TON of cash flow because they were not having to pay each individual account each month. The daily expenses like insurance, food, etc. should be paid each month by a credit card, and then thrown into the HELOC where the entire income is deposited. Hope this helps!

[@jocelynfernandez6080]

Thank you for all you do! May God Bless you & your family

[@chsrlottetaylor5804]

I'm working on my debts,,4200 income,payments going out is house payment 905,,,monthly bills every thing is 1500,,,and other bills havt to be payed with cash is 2500,I have 4 credit cards little all 300. Except 1 it's 500

[@VanntasticFinances]

Thanks!

[@VanntasticFinances]

Thank you so much!!

[@Gina-cx5lv]

What an amazing God sent you are. ❤ Thank you.

[@VanntasticFinances]

🙏🏽

[@maurice2983]

Thank you so much for sharing this!

[@Ticonderoga12]

A HELOC for 585k? Is that even possible?? I never heard of that

[@lorealdrayton6164]

Tradelines are a great temporary fix for large purchases like a car, house etc!

[@VanntasticFinances]

Thank you for sharing!!

[@mikegarcia7452]

What are tradelines?

[@marcusjean96]

Hi Christy your content on this channel is amazing. I really appreciate the time you spend on educating us about velocity banking. I’m ready to get some of my debt down can you help me.

[@davidbeck9045]

Did the wife lose a job or is she working also? That house note is 53% of their income. Sorry sound like a broken record but that is way out of the norm debit to income for allowable loans.

[@VanntasticFinances]

Yes. Reduction in income for various reasons.

[@chsrlottetaylor5804]

The one thing I want to do the most is to be able to give back not only to pay my bills but to help others,,,how do yiu get a 15.000 credit card. ?

[@kzulia13]

God bless you!

[@danfontaine6992]

I know this is something we don't want to do on a normal basis but this sounds like an extreme case what if they just took their income for one month but everything go and start velocity banking for a month or two and then that way they would have the money to get caught up in the rest of the bills and it would start the process of velocity banking

[@aprilm4423]

Ms. Vann, where in the world 🌎 did you learn this???

[@chsrlottetaylor5804]

I don't have a credit line,I have 3 small cards 400 each,I need a high credit card.

[@purposeplansprofits]

They need to bring in some income by getting another job or doing some kind of side hustle

[@SusanMcBay]

when do you give up and declare bankruptcy?

[@chsrlottetaylor5804]

When I get our of debt I'm going to help young mothers that are single with babies,,I want to do this so bad..someday ?Charlotte

[@shawuanamay3913]

What about expenses

[@sharronbush886]

Just a thought..... not sure if this would work .... any advice would be helpful. If one has plenty of available credit on credit cards and are in a current negative cashflow would it be advisable to pay any service fees(garbage, pest control service, subscriptions, car insurance, cell phone bills, etc) would it be advisable to put those amounts for the year on a credit card to increase current cash flow? You will have that credit card payment monthly plus interest but it wont be the same amount as paying each item monthly. This would only be temporary. For those who have fluctuating pay or work on commissions perhaps this would remedy the months that income was lower. Open minded here. Thinking out of the box. Any advice appreciated.

[@atampaarnold]

I only get 70% LTV HELOCs. Please let me know where you get a 90% LTV HELOC

[@victorscarpulla2478]

Great Information!

[@VanntasticFinances]

Thank you!

[@Gina-cx5lv]

How can I get your help? Monthly income 2200.00. Monthly bills 2100.00. 9000.00 credit cards, lease ending on my car. Residual value 15,000 which is good for the car. I will probably buy it. Hoping to do it no money down. Credit score 650-700. Help.

[@mrdanger4851]

Lexington Law may interest you

[@VanntasticFinances]

HAHAHAHAHA! Didn't they just lose a HUGE lawsuit with the Government?

[@wesleyburrington1536]

Is it worth to charge your rent with a convenience fee of $30?

[@tonyaevans9974]

Lexington law

[@VanntasticFinances]

@tonyaevans9974 The ones that were sued by the government this year for fraudulent activity against Americans?? And lost…

[@d.chapman8400]

😮

[@ImmortalMomentsArt]

Once you have paid off the extra credit cards, should you close them down? Especially if they have high rates?

[@VanntasticFinances]

No. Leaving open lines of credit makes your credit score stronger. So no, do not close down accounts once you pay them off. Thank you for watching.

[@pharpester]

Yes I have heard that same if you have to 5k credit cards and pay them off, then close one, it will look like you had the credit worthiness of 10k, and it was decreased to 5k, this will take a hit on your credit score.

[@lorealdrayton6164]

#fico10creditscore

[@tinanichols5499]

I have a Tally loan that pays my 2 credit cards and has a line of 9000. Of course its full. Do I put my money there and let them pay all the credit card debt?

[@cys1964]

May I inquire as to what that is? A Tally loan.

[@shakeithathomas1200]

🎉🎉🎉🎉

[@Elden-p1r]

Your ideas are digging bigger holes won't work. SMH.

[@VanntasticFinances]

Different strokes for different folks! Thanks for watching!

[@LoverOfBlackCats]

Thanks!

[@VanntasticFinances]

Wow! Thank you so much!