Turning a NEGATIVE cash flow into a POSTIVE cash flow is EASY with VELOCITY BANKING!

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[@BillFlores]

Unfortunately it’s not realistic getting a new cc with a $6k limit when you’re in debt like that and negative cash flow. Their fico score is probably in the dumpster and the only thing they’ll qualify for is a credit one bank cc with a $500 or $1k limit. I know this is try from my own situation I’m in.

[@deval3596]

you should still be able to get approved for a line of credit if your application is to consolidate debt. worst case even though christy might say no, is you get a personal loan. what you want to do is just combine some of the loans or credit cards with that loan. especially the credit card with the highest limit. then you get that credit card and use it to apply the velocity method to pay off that loan or the credit cards which ever you prefer. there's always a work around, but in some situations you need to get a little bit more creative. also do you still file tax returns? if you do what do you do with that money? you should be applying it to one credit card and then starting the method instead of spending it. or if you can get somebody to lend you $1K for a few months, just so you can lower the balance on one credit card so you can apply the method. the only problem I see if you have been bad with the credit cards they will most likely cut your balances as soon as you make a payment.

[@jeniferjohnson374]

@@deval3596what's the velocity method?

[@Not_funnyTv]

1k would actually work for me. Thanks for the heads up

[@richardhurst8109]

Hey @BillFlores, God let's the sun shine on the rich and the poor. Just apply for a CC and see what you get. If you apply the Velocity Banking principles whilst using it, even if it's only a 500.00 credit limit or less to start with, you'll be on your way. All you want is your big toe in the door. You won't know until you apply. Good luck, buddy.

[@Vibes.562]

Hi Are loans better than credit? And do loans show up differently than a line of credit? On your report…..my score lowered when I paid off my loan.

[@accreditationexperts]

I want to hire you for some consultation to assist me with some challenges. Is there a way I can prepay some time out with you over the internet or on zoom. Whichever way you wish, and I wish to pay you for your time of course. Thank you.

[@CalvinFrancisco-gu7jy]

Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@Joycejonas3345]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .

[@EmilyMargaux]

Well...l will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie..

[@JuanOceane-bj9ko]

I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet.. High recommended

[@ElisaVera-jy3nc]

​Mrs Janet successful stories are everywhere, all over the place.

[@Kevinnicolas-ii8wr]

Though I started with as low as $15,000 actually because it was my first time and it was successful, she's a great personality in the state

[@leonhoward5052]

Im not seeing the "where do I start" link. Can anyone offer guidance on that option please?

[@jeniferjohnson374]

I don't get the advantage of transferring credit debt to be credit debt on a different card? Is the new card fee-free, etc? What's the advantage

[@deval3596]

this is a situation for somebody that is in the worst possible situation and it is just used to free up some breathing room to start the method. if you go out and get a loan to consolidate debt what are you doing? the exact same thing, you're combining all your debt into one loan to give you breathing room on your payments.

[@kimetra24]

How do you pay off loans with a credit card? What am I missing?

[@risspearl9439]

You and me both dear! What loans can you put on a CC?

[@deval3596]

in this situation the person would be doing an advance or balance transfer to their checking account, which some credits card let you do. you will not do a cash advance as that is different and you will be charged a higher interest rate. then they will pay the loans or credit cards from the checking account.

[@wadecrawford6445]

@@deval3596 except the cash advance payment will be satisfied with each monthly payment before it matures, so even if it is a little higher interest, it will still work, at least until someone can qualify for a PLOC or HELOC.

[@bobfrausto1597]

How do I get in contact with you I’m in need of help

[@caramellesh4597]

Could you work out my numbers? Income $2600.00 income Bills $2380.00 Debts $1050.00 Loc $6000 available Total debit $33,000.00 Anyway I can ever get out of debit?

[@Jesus-kt5dc]

With the numbers you gave you are at a -830 cash flow. Meaning you're spending 830 dollars more than you're earning. In your situation it isn't a money management problem but a spending problem. You need to figure out a way to earn more income and cut expenses. I'm sorry that VB couldn't help. You need positive cash flow. Have a great day and don't feel discouraged.

[@posvibeent]

@Jesus-kt5dc What about the $6000 available LOC that @caramellesh4597 stated above? Couldn’t that LOC be used as the debt weapon?

[@Jesus-kt5dc]

@@posvibeent Yes that is her debt tool, but I don't have everything in front of me. She sure can and should leverage her LOC for debt pay off. Like I said just off the top with very little info, she can stop the bleeding with the LOC, but gut feeling tells over extended just a bit. But yes you're correct for her to use her LOC as her PDT. Have a great day.

[@SS-gd4vm]

Why not just do as the true VB expert suggested (i.e. Mrs Vann) and email (not place your numbers in the comment section where any Tom, Dick and Jesus) self-appointed guru can shoot from their hip and give you weak, discouraging advice? 🤷🏾‍♂️

[@deval3596]

You might want to look at this over again, cause it looks like you're giving us bad information. the way you put the information it looks like every month you just keep putting yourself into more debt even if you're not going out and getting new debt. your break down should be your income, living expenses and your minimum payments for each debt you have.

[@liebekatz1]

I am still trying to decide if this philosophy is something I can handle. I bring home less than $2000 a month, with just one income🥺

[@Todayisthebest-ms1qv]

Greetings: we have a mortgage. Should we pursue a HELOC to replace the mortgage, or simply get a line of credit for as much as we can? BLESSINGS!!! PS: is a home equity line of credit (what my bank offers) the same as “line of credit?” Assume I need to verify it is a “simple?”

[@deval3596]

credit cards, personal lines of credit and home equity lines of credits are all lines of credit. if you're familiar and comfortable with the process get a 1st lien heloc, if you can't get a 2nd lien heloc. if you don't feel comfortable yet, get a personal line of credit or use one of your existing credit cards to work and familiarize yourself with the process. then you can go out and get a heloc, but first before you work on your mortgage, start by paying off your personal debt, like credit cards and loans.

[@Todayisthebest-ms1qv]

Thank you for taking the time to read and answer my post. I have a car payment and a small CC bill. Take care, and I hope to speak w/ you again. Blessing to you and your family. Regards.

[@rvh77]

Christie, thank you for wisdom here. We don't have any debt outside of the ridiculous 6% mortgage we got in August of 22. Been paying about 2500 a month and have only paid 9k towards the principal. We have a 6 month emergency fund in a money market account. Not sure if we would qualify for a PLOC though with a 671 credit score. We do have one cc attached to the checking account that doesn't charge a transfer fee, but the limit is only 2k. Do you think it would be better to ask for a credit increase on the cc and use as a PLOC, or just apply for a straight up PLOC and see what happens? BTW, how can I pay for a person consultation? Would definitely pay for your time and knowledge to examine our situation!

[@deval3596]

run your numbers, if you start charging your living expenses on the credit card, how much of the $2K does it take up? if it's $1K or less, then you can use the other half to apply it to the principal of the mortgage. then how long does it take you the pay off the credit card with your income? 1 month or 2? if you can pay it off in one month, do it for 3 months and then ask for limit increase. if it takes two months, then do it for 6 and then ask for an increase. now in your situation it looks like you lack credit if all you have is one credit card for $2K and you will not get approved for a line of credit. you need to increase your score and the only way of doing that right now is basically using your credit card and paying it in full each month. even if it's just for a few hundred dollars, what you want to do is go buy groceries one day and then the next day pay it off to increase your score and credit history. the only way a credit card company will increase your limit is if they see you maxed out the credit card and then repaid the full amount because at that point it tell their software that you need a higher limit. also make sure the credit card is a credit you can use every where and not just one store. also using more than 30% of your credit limit and keeping it above that amount will lower your score by a bit, but it will increase it by a lot when you pay it off. so try not keep your balance higher than 30% in your case $600 for more than two months if you carry the balance. then worst case scenario if that credit card does not increase your limit, but you bumped up your score is to go apply for a new credit card. even if that credit card only qualifies you for $2K, you have now doubled your credit limit from $2K to $4K. which will also double your credit utilization ratio up to $1,200 because it's 30% of all your lines of credit combined. so now you can carry a balance of $1,200 before it negatively affects your credit score. sorry tried not to make it so long. lol

[@rvh77]

@@deval3596 thanks, probably around 1250 a month for living expenses. We're a family of 5 and a dog. have 6 total credit cards with 55k total available to use. We use each one a little for basic living expenses and pay the balances in full each month or several times a month. We do this to keep the cards active. Unfortunately the one tied to the checking has the lowest limit. like your idea of using it more for a few months to kinda "prove" that the limit should be higher then ask for a limit increase. just feel like if we apply for a PLOC it will get denied and then will have a lower score. Thanks for your idea

[@KLeeTaylor-jv3yq]

How does it take 7 months with 0% interest but 6.23 months with30%...I'm confused.

[@jeniferjohnson374]

I'm trying to figure out how the $1040 of expenses (which is a negative amount), added to $839 cf(a positive amount) becomes $1879?

[@Jesus-kt5dc]

2:10 She paid off those 4 loans. In loan form you can't reuse the money. As opposed to paying them off with a credit which now you can park that money on the credit card. Now the money remains in your control. Hope this helps.

[@jeniferjohnson374]

@@Jesus-kt5dc ok. I thought all of those original expenses were credit cards, not loans. As much as she may be trying to help the video is confusing. Thank you