What Is One Of The FASTEST Way To Pay Off A Car Loan?

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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.

[@veronicaemerson6435]

This scenario is very helpful. Debt is a form of depression. I literally cry over the debt I allowed to overcome my family.

[@VanntasticFinances]

😕 Debt is discouraging, but you can flip the switch!

[@fatima4499]

Yes Indeed!👊🏽🛐

[@lw3443]

🙏🏾👼🏾🕊️📖

[@AllAboutAndrew444]

True

[@heavyqueen9524]

🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽

[@CForged]

$380 on hair can be eliminated pretty easily for cash flow

[@mariayelruh]

I agree, if you have high need hair, find a style that works for a lower cost or learn to do it yourself. That $380 is $4560 a year!

[@jenniferrice5877]

Exactly, I bought a pair of clippers to do my own. No one should have to pay that much for hair.

[@Entertainment82123]

💯

[@antwanthorogood4921]

It really depends on what she does for income. She might have lowered it to that.

[@erikcarpio1956]

$380 on hair ? Unthinkable for me.

[@ehderguyyashootadeerorno2313]

Moral of the story don't bury yourself in debt in the first place. You only make so much in your lifetime, do not lose it all to interest. According to Einstein, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

[@ehderguyyashootadeerorno2313]

@vikramsekhon1436 no I do not need assistance with money. Glad you are trying to get your forever house. I bought a brand new house Dec 2022 and 80 wooded acres Feb 2023. If you work hard, don’t finance everything or get a new car every 3 years you can do well

[@brittsjustwingingit2732]

I bank with a credit union and was threatened to close my account because they weren't able to make money off of my line of credit. This was during the pandemic and I was just winging it not knowing this was an actual strategy. Excited to get these tips so I can start again with true knowledge.

[@chappahx]

WF sent out a letter that they would be closing LOCs also. People revolted and they decided to not close it.

[@evelynggomezdebourne8297]

We live below our means. We don’t skimp on food, but it’s not extravagant. Haven’t had a car payment in 25 years. Retired now. Doing just fine.

[@BlackBruceLeeTheGreatDekuTree]

I had to file bankruptcy because of out of control credit card balances. It was the biggest eye opening moment for me and the best decision I made. I only use my credit cards to buy gas and groceries now and I pay it back the same month. Moral of the story is don’t buy things you can’t afford people!

[@jacobcaeli]

Did filing for bankruptcy make it so you couldn’t have a bank account or rent without a co-signer?

[@JBrown-go8ru]

@@jacobcaeliBankruptcy isn’t a death sentence. I bought a house two years out of bankruptcy. Bought a car, two months after. Three credit cards within six months, to start rebuilding again. No problems keeping a checking, or savings, with my credit union. Six years later, FICO scores sitting at 750- 780, depending on bureau. Only debt is a mortgage, even with 12 credit cards. Emergency fund covered with 12 months of expenses saved. Retirement savings are on track again. Never going down that debt road again.

[@Mattlott222]

It really seems to me like most people talk about credit cards like you HAVE TO max them out or use the full balance, so people end up doing that because that's what they associate with credit cards. Credit Cards should be seen as a buffer between your purchases and your pay. Use the credit card to save yourself from fraud. Your bank won't do much for you in event of fraud but a credit card WILL do a lot. Use the credit card to get cash back, reducing monthly expenses. If you know your monthly recurring bills are $500 and you're already paying them out of your checking account, pay them with a rewards card and then pay the credit card out of the checking account. Check with your credit card because there are things that can get free warranties and other protections when bought with a CC. I'm glad you learned your lesson and do it right now, but I wish you didn't have to learn through bankruptcy... but it's better to learn the lesson and change the bad behavior than to get bailed out, never to learn to change your behavior (like with the student loan crisis)

[@jmonie02]

@@JBrown-go8ru Your income is the biggest factor in this situation.

[@zarco5436]

What type of bankruptcy did you file for ?

[@melisamichele7622]

What a blessing to have you pop up on my timeline. You have changed my life!!!!💕🦋💕🦋💕🦋 on my way to financial freedom

[@xLuisGarcia]

It’s impressive how this video came up when I’m in a similar situation and stressed out, now I know what to do! Thanks a lot!

[@VanntasticFinances]

@xKillerRx_ttv You’re very welcome!

[@otis044]

Nah so true lol I just got done hitting my books hard trying to figure a way out of this bs I put on myself and God sent this video to me 👏🏾🤌🏾🎉

[@nycamelful]

@@VanntasticFinanceswould you like to make a video breakdown of my Finacial situation? I feel illiterate in these things when I see how you make it look so simple.

[@sonjalourenco]

I’m so stoked, I watched you for a week and finally got it!! I’m excited to get started, I’ve learned so much-thank you

[@VanntasticFinances]

Excited for you!

[@rettpanda6203]

​@@VanntasticFinanceshaving a hard time wrapping my mind around all this....going to slow down your videos and watch again.

[@heathermetz6576]

11:23 “Smaller credit card payments throughout the month.” Helps lower the average daily balance and can increase your credit score.

[@dianechapman9887]

T-h-i-s is sooooo fantastic! The scenario you're using is pretty much my scenario by at least 95%. Thx for showing me (and I'm sure plenty of others) the way out. May you continue keeping making these Super helpful videos. I 💕 Love them!!!

[@VanntasticFinances]

Wonderful!!!

[@notoriousdjones]

Ahem. It’s VANNTASTIC !

[@divinemiss4284]

God Bless you Christy! Thanks for all your sage advice.

[@kristythibodeaux5519]

Thank you!!! Great video!!! I wasn’t sure how often to pay on card. I needed to hear this, how to pay credit card.

[@chasemd05]

I think I see a fairly significant flaw in this example, please let me know if I am missing something. Income “going into” the credit line is listed at $9,005, but should it not be $6,835 ($9,005-$630-$1,540)? You suggest an “income transfer” of $630 to CC #1 and $1,540 to CC #2, but then show all income “going into” the credit line. Unless I am mistaken, you are either double dipping the income or understating the expenses.

[@DisabusingTheLeft]

I saw that as well.

[@Mattyice4280]

She needs to cut all those credit cards up, eliminate hair appointments, save up $1000 emergency fund, list debts from smallest to largest amount, pay aggressively towards the smallest amount then apply those payments to the next smallest amount using a debt snowball until she has no more debt with the exception of the house. Then she needs to save up 3-6 months of income as a new emergency fund. Never use debt again. I haven’t had a credit card in 6 years. If you can’t afford to buy it right now you need to save up for it and wait.

[@jkpanda7]

Dave Ramsey? 😂 love it 👏🏻

[@swn69]

Dave Ramsey's method works, but it is not the best way.

[@kendrabonds6901]

No it's HER credit not the banks ..she just needs to discharge it

[@falcon00jr75]

thanks Dave

[@carsbykev7037]

Not true: she needs to keep the credit cards and use this strategy. What you are trying to say is “She needs discipline”, which is 100% true. But once she finds discipline, this strategy works. If she doesn’t find discipline, this strategy still works at lowering her net cost by lowering the interest charges. This allows her to pay off the debt sooner…so that she can use it again. Either way, this is the solution to her problem.

[@nikij.6058]

Wait, $380 a month for hair? This is a serious problem! 😂

[@nasaihyana]

Not for BW

[@1991june]

Women be scamming each other even skin care products “😂🤦‍♂️

[@MrWhitenblue1]

Thanks for your help now I understand !! I love the way you explain every situation

[@VanntasticFinances]

🙏🏽

[@ericmackay2514]

Great video. It's shocking that basic financial management is an unknown world to some.

[@comfortlee1418]

Wow this is probably the best KZbin video Ive seen all month

[@mehdishirazi3]

I don't understand why you would go from a 4% car interest to a 12%. I don't disagree with the rest of it. I do get she is trying to pay it off quicker, which may be cheaper in the long run, but I would never ever go from a lower interest to a higher one. The reason I wouldn't is because emergencies happen. Things like losing a job, reduction in pay, or other expenses pop up. The next thing you know, you're in trouble.

[@michelleduminie8448]

You never included her new expense on the line of credit for the car. And how does she pay $1000 x2 card payment with a card.?Thank you for all that you do!!

[@russellthompson2260]

There is no new payment because she’s putting her whole check into the line of credit every month. She’s using the $15,000 line of credit to pay off the credit cards. Hope this helps

[@DC4L87]

Thank you for doing what you do.

[@Syzygy77]

This is so simple, but I would’ve never thought of it on my own. Thanks, this will be useful.

[@franceswashington6178]

Thanks Christy!❤I’m getting a settlement soon and hopefully you can help me use it to cut down my debt!

[@sonjalourenco]

I am too, I’m considering a secured money market LOC

[@FernandoRodriguez-ds5ri]

I can guide you to debt free

[@SolarCannon]

I love your content. This video is great, but you cannot pay your mortgage with a credit card (line of credit) so the expenses are too high because they include it. Also, I would love to see this math on a biweekly basis. People don't get paid once per month. Can you create a video with the person being paid every 2 weeks? I wonder if that slows it down.

[@stevestafford3653]

I love what you are saying, but no bank at this time will give you a line of credit for 15k if you have a negative cash flow. The banks are stifling their loan qualifications because they have no liquidity!

[@VanntasticFinances]

Not true. I have clients getting new lines every day.

[@Jesus-kt5dc]

May I ask what does liquidity have to do with the ability for a bank to lend?

[@patriciafernandez3429]

I had the same question : where can we get a PLOC?

[@freefree1664]

if you have an asset like a home with equity or a newish car etc the bank sees that as collateral for a heloc/ploc

[@br5339]

This blew my mind! Thank you!

[@kallasusort2986]

Thank you this is a huge contribution to the People in supporting their financial health.

[@jennychandler-my9md]

Good morning. I do fetch and am about to hit 100,000 points, which I will turn in for a restaurant gift card. That way I will be able to occasionally go out to eat basically for free several times. Pretty good deal for just a little work.

[@user-wg3bu5wh6d]

I definitely agree with using your credit card as your "checking account". But what doesnt make sense to me, is paying off a car loan with a line of credit that likely has a higher interest rate.. The math for me isn't mathing.

[@VanntasticFinances]

Keep studying the videos. The simple interest is calculated on average daily balance…and not front loaded, such as with amortized loans.

[@daniellegibson2022]

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.

[@daniellegibson2022]

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

[@daniellegibson2022]

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

[@dustinaldridge6200]

Because getting a loan with a higher interest rate than your car loan is stupid, as you indicate.

[@idawillis5997]

So awesome. Love how everything was on the board and your flow of the video! Loved it.

[@colleenfuller9236]

Thank you for sharing how to do this!

[@angelwngs2012]

Do you have any advice or videos for single 80 year old on Social Security? My friend is trying so hard but you know one SS check a month doesn’t go anywhere these days.

[@toria3357]

You’re awesome…I just love watching your videos BIG Help!!! 😊

[@VanntasticFinances]

🙏🏽

[@thechadevans2381]

Your information is priceless...thanks

[@ame3690]

I think this is helpful for those that will be wise with the cash flow. People who have been irresponsible also need to learn budgeting and how to create goals and guidelines in order to not dig a hole again.

[@redman2751]

So I’ve done the math on this over and over trying to figure out how it works and I can tell the difference between this and just dumping ALL of your extra money towards your debts. Similar to the debt snowball from Dave Ramsey or the debt avalanche, don’t remember who that one is from. There is a difference but it’s not very much. To the point you wouldn’t noticed.

[@janetmcnutt4994]

Sounds like a great plan. But she must be disciplined enough to follow the plan. But then again if she was disciplined with her money, she wouldn't have got herself in this mess in the first place. I found people like this find they have more money, they go out and spend more money. It's a vicious cycle.

[@HopiLivingintheCity]

Always great to watch your videos. Our credit union keeps telling us we cannot pay our car notes with credit cards other than Visa. Is this normal?

[@urbanprospector3007]

Christy, ive watched a lot of your videos, however, i havent seen a video on the different types of interest and how they work. Could you do a video on that to better understand this system. Also, could you walk us thru getting a PLOC with basic question we should ask and understanding how/when you should get a PLOC and what limit we should expect based on our current credit score. You are right, it is a change in mindset.

[@ekbkjk777]

Watching every video is very encouraging!! I’m at ease making confident moves on a way I wasn’t use to but now understand. Thank you! 😊👏👏👏

[@VanntasticFinances]

Excellent!!

[@LOVETOBEWITHYOU60]

This is great information and so helpful. But unfortunately the line of credit are a thing of the past. And if you live in Texas you can only get any equity from your home once. On the life time of the loan. Thank you for explaining this in Barney style! 😁

[@bankruptsee]

What do you mean? I can get a line of credit from my credit union at any time and follow this strategy 100% if need be. This has nothing to do with mortgage or home equity line of credit

[@RipliWitani]

They still exist, just stop being lazy and actually go to the local banks

[@sissys6284]

The information you share is immeasurably useful. I thought i knew a few things on the subject matter. I clearly see after two of your videos that I am merely in diapers. Thank you. 😊

[@CAMAROHOMEBREWED]

I watched your videos for several days now. You have mentioned that you do not keep cash in the bank. What do you do with cash on hand?

[@Jesus-kt5dc]

You do want to keep your checking account at 0 as often as possible. You want to keep it in your debt tool/weapon/line of credit so the ADB is push down, lowering the amount of interest you pay every month. I hope this helps, have a great day.

[@freefree1664]

It's addictive to watch the math making it's way down to zero!

[@stellavillegas9341]

Yes please can you do a video with a biweekly payment, thank you so much🙏🏼

[@scipiofinancial2013]

This concept is so powerful!

[@mariagillinson8527]

Maybe Hair cost should go towards total debt… just temporarily

[@AmberElaine_1]

You’re incredible 🎉 thank you for blessing us with all this free information. Changing lives!!

[@VanntasticFinances]

🙏🏽

[@cpproduction325]

Did this without knowing! Thanks

[@lucarseneault]

Hello, great video. Thank you! Would this method of paying off a car loan work with a partial amount of the car loan covered or must the entirety of the loan be covered by the line of credit?

[@tzarist85123]

Great information and it makes sense to me, at least, the way it is presented! My only issue with this example that I believe does not apply in real world is that if you go to the bank where you are having the car loan and say you want to pay it off completely today the total of the loan is predetermined and the interest is already baked in the total amount owed! Best case scenario you may get a discount of a couple hundred dollars that probably is not worth it!

[@SarahMyers79]

It should be simple interest and as long as contract says you can pay it off early and get refund...the payoff quote will include this reduced amount.

[@michelleduminie8448]

I thought that too but then I realized it’s so much more that we end up paying than the payoff amount if we were to pay the life of the car loan. When I looked on my contract it showed the total amount paid if I pay it out and it was much more!😮

[@carsbykev7037]

Most car loans are amortized, but do not have a pre-payment penalty. So you'll owed the interest through your payoff date. But the real thing you're doing is giving yourself an open-ended cash flow tool. If you continue on with your car loan, you have no equity building, and you pay them the SCHEDULED monthly interest. You cannot cash flow it (Lowering the average daily balance to reduce the interest and accelerate the payoff period). If you go to the bank, having made all of you payments timely, with this strategy, letting them know that your goal is to reduce debt so that you can keep a good relationship with them, they will give you this LOC. Then, this will work. Note: you still have a "debt" of $8066 at the end of this scenario, as you have to pay your bills. But it's not a debt, it's now just the "expense" that comes out of your line of credit. Now that you've paid off the car and credit cards, you have a positive cash flow that builds. About 9 months further you have this LOC AND $9k in the bank. Giving you the option to break even without the LOC.

[@michellegreen1072]

Ask for a payoff month. Then compare this amount: number of remaining monthly payments by the monthly payment. The payoff amount should be less if you don’t have a prepayment penalty.

[@chicanica64]

Can you make a video to pay off student loans?

[@edwizard62]

❤Thank you. Great info

[@daniellemccants661]

Thank you for this video🙂

[@November19Julie]

Umm no hair money if you are that in debt! The hair money is over half the daycare!

[@veeeff2323]

I know, I had a laugh. But I suppose if it is a professional situation, those offices can be very...judgey??

[@mariayelruh]

Angela Landsbury did her own hair and she was in a highly visible industry.

[@Jesus-kt5dc]

No hair money, should be, no hair, money. Better than I deserve.

[@rodrigoalvarado8200]

I have been watching your videos for the past couple of weeks and they make me very excited to start! You have said not to leave your money in the checking or savings. My question is what do you do with your money once you zero out your debts? Thank you

[@jch1965]

I’ve heard her say to reinvest in yourself. 😊

[@Jesus-kt5dc]

She does infinite banking. You focus your cashflow towards a life insurance policy that you can borrow from. You make yourself your own bank. Have a great day.

[@rodrigoalvarado8200]

@@Jesus-kt5dc Thank you for the info! I will have to look into the infinite banking. I don’t know much about that.

[@alphonsemonthei8878]

Great Video… thank you 🙏

[@CreasyEQ]

I'm just started watching this strategy from Conan Jay Wallace❗I am confused 🤔. I did put my 🚗 payment, and car insurance on my credit 💳 each month Amongst other bills, as well. I have a high limit on my cash rewards cc. One thing I understood, from this video. Is paying less every month. Because I do worry that boa, might cut my credit limit on this particular credit card. How much more should I pay after paying the statement balance ❓

[@jaimegranero9027]

So I'm confused, how do you put the 9,005 if your also satisfying the cc1 and cc 2, shouldn't you take that out from the income and the rest put it against the credit line?

[@darrellfaison7778]

Why no reply for this question? I am confused as well. If you pay $2150 monthly into CC1 and CC2 how can you have $9005 for credit line?

[@darrellfaison7778]

Nevermind. I understand it now. 😏

[@laniaisha1]

She is still applying the $630 to credit card #1 and $1540 to credit card #2 after the money pays down the line of credit first. The $630 and $1540 are coming out of the $8006 in expenses that are taken out of the line of credit each month. Does that help?

[@R0adtoN0where]

That credit card thing happened to me this weekend. I was finally going to start this method and decided to pay down my Amex with my paycheck. Less than 24 hours after the payment, they said they were going to cut my limit unless I paid them an amount that was literally all the cash I had (how did they kmow?). I decided to pay it and just start my velocity banking journey full throttle, lol.

[@Jesus-kt5dc]

!! MAKE THEM EAT CROW !! What usually happens is your action triggered the algorithm in their system.

[@leslietownsend6167]

Unfortunately, this woman is only giving part of the story. Not helpful to people with more complicated situations.

[@kmglavin9052]

How can her income be $9005 on the first month if you’re applying the $630 to CC #1 and $1540 income to the CCs in the 1st month? You wouldn’t have the same total income to apply to the $15000 line of credit!

[@Jesus-kt5dc]

@@leslietownsend6167 All do respect, every time she uploads she is putting herself in the shoes of the person and showing how she would approach the situation. You seem to irritated at the fact that this scenario doesn't fit yours. Have a great day.

[@evelynggomezdebourne8297]

@@Jesus-kt5dcdue respect

[@carltonpaulk4988]

I could really use your help!!

[@vallang4832]

I have been doing Fetch for a few years. 👍

[@jdm5762]

I sure wish I could understand all of this. Lol

[@harrisb425]

Is the credits cards separate from the expenses? Is so, don't you have to reduce the income the amount you put on the cards? And why don't the card payments come out every month if expenses are going in each month?

[@tammyghent9965]

Exactly. This video is not accurate. She doesn't make any payments on the Credit Cards until Month 4.

[@sharonfurey4019]

Please go back and watch again as I did. You'll understand better❤

[@Jesus-kt5dc]

1:31 See if that helps.

[@harrisb425]

@@Jesus-kt5dc yes. I did, over and over. She says the chargeable expenses determine how much of the income is going on the credit cards. @1.50 she says "card #1 gets $630 applied to it". Then go to 2.20 she puts $1540 on that card. So to me that $2170 has to come off the income.

[@harrisb425]

@@sharonfurey4019 yes I did. She called it income transfers. But I think she still has to lower the income the amount she put on the credits cards. She can't put the entire $9005 on the LOC unless the credits cards were one example and the LOC is a different example.

[@williamgibson1320]

Gotc confused as to how to start knowing that she has balances on everything I need a step by step teaching lol 😂 good vid

[@williamgibson1320]

What if you don’t have a line of credit

[@michaelash9792]

This is pretty much how I balance my expenses, one thing you didn't include that is applicable to me is cash back rewards on the credit cars . Those credit cards probably have benefits you could be calculating too.

[@VALINTINE2007]

For credit card debt scenarios…Can you do a video explaining the difference of just using your full income to pay off the credit cards vs getting a ploc to pay them off and then put all your income into the ploc. I’m confused because they’re both revolving debt???

[@bestyoutubernonegraternumber1]

If you make a payment directly to your cards or car, it is money gone you will not ever see again (in the case of car, you cannot ever reborrow. In the case of cards, the interest is worse and also never see that again - you will understand by the end of this most likely). Your payment is satisfied, but all your money is “totally” gone on each payment. If you transfer/pay off those with a PLOC or zero interest card, even with a borrowing cost on card (like 3 or 4 percent convenience checks aka cash advances), you make payments to that “debt weapon” instead, which means every time you pay into it, now you are unlocking the access back to that line of credit. When it is a 2.9% consolidation line of credit (PSECU offers one, looking into theirs will help you search out ones for you if not available to you in your area), it is great. 0% interest cards is even better, in terms of interest/borrowing cost. The idea is instead of spending all your cash flow into payments you cannot ever use again, you are transferring the debt into lines of credit - be they cards or LOCs - so that every time you pay into it, the funds become available to you again & your goal is to always be spending less than you are putting in at that point. It can save you money depending on the interest rates of what you transfer to it, or you can break even, but you can now access money you could not before when you need to. When you pay 350 to the car for the month, it is gone. When you pay 350 to “yourself” for the car that was transferred into your credit, you have now unlocked that 350. The goal is not to now spend that 350 again, but it is there if you “NEED” to. By paying the car directly instead of transferring it, you lose access to it entirely, in the event you “NEED” that 350, it is gone. It can be free depending on how you do it, or it can cost a small amount in low interest to do it (worth it to many - a 10 or 20 dollars per month “convenience” fee in the form of interest that gets smaller and smaller each month anyway is worth still having access to money that would have otherwise just been gone forever by paying it to the loans instead of into the credit where you moved the loans to. It is very smart. AFTER you are out of debt, that is when you have all your expenses (payments) cut and now have real cash flow. That is when you save/spend on investments - be it tools, machines, business startups, realty, whatever will make more money, not just consume your money. IE, when you are out of debt, you now make your money make real money, not spend it on purchases until those investments are now the source of your purchasing cash. I hope it helps - it is hard to wrap your head around. It is presented by most people as some magic weapon - it isn’t. In MOST cases you are going to break even or be within a few dollars difference, be it a few dollars more or a few dollars less per month you spend or don’t spend - the massive value of handling your debts this way comes into the fact that now you have more & more access to your funds, instead of just sending them off to the loans and not ever seeing them again. When it comes to credit cards, it cuts the interest down massively, and again, you are now paying it off much faster because the interest is lower & getting smaller and smaller, month after month. KEY POINTS: 1: Move anything high interest into lower/no interest places EVEN IF IT COSTS A SMALL FEE TO DO IT - a 3% fee to transfer a balance of 10k from a high interest card to a 0% interest card is only 300 dollars. Now you can make payments on that & the interest you would have been losing for months is negated & it only cost you 300 dollars to save more than that every month. See? 2: AVOID moving things into higher interest BUT, in some cases - the kind that Christy lays out - it COULD end up saving you more. EVEN in the event just paying the car is better, paying the car does NOT unlock more credit for you in the car, it just disappears forever. SO even in the event the interest on where you put it in a LOC of some kind is like 9, 10, or 12%, it MIGHT still be better for any given person to take the higher interest, because you can pay it off then access what you paid off in emergency or for fun later, instead of paying the car at a lower rate & it is just gone (you cannot re-borrow from your car payment - you CAN re-borrow from your LOC).

[@dianechapman9887]

What's a ploc?🤔

[@VALINTINE2007]

@@dianechapman9887 personal line of credit 😊

[@veeeff2323]

@@dianechapman9887 Personal Line of Credit

[@Rich-kq7eb]

Personal Line of Credit@@dianechapman9887

[@ALCanes73]

Wait up. Who on Gods green earth is spending $380 a month on HAIR and screaming I'm broke. That is ridiculous!!!

[@nasaihyana]

BW

[@otis044]

Thanks and I hope God does bless you we all need a little help and hopefully half way through 2024 I’ll have a positive testimony to share

[@user-xw7cj8pd9b]

I like your videos, and you have really nice strategies. I'm just wondering how are you paying your car payment would a credit card? When most car loans you can't pay white credit. You have to pay cash. Also your mortgage you have set a cash. You can't put that stuff on a credit card. Everything else expenses as far as Car Insurance lights, water and etc. Yes

[@sherlock1895]

When I bought my new car I got zero percent interest and zero monthly payments with 100% down. Good planning I’d say. Cheers!

[@motazgamer7611]

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.

[@motazgamer7611]

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

[@ctbt1832]

What!! I’m lost and I’m really good with money 😂. How can she put anything on a card that is maxed out 🤷‍♀️

[@Msbrown-cr4sg]

Exactly

[@peanut9779]

She’s having her put her entire paycheck into the cards and then using them through the month for expenses instead of letting it sit in her bank account. This satisfies the minimum payment due and slightly lowers her min for the next month. You do have to wait until your payment is processed and credited though

[@MimaHope]

Thank you for the post. The phrase "in to the credit card" instead of "on to the credit card" throws me off. I'm studying and learning to translate the phrases about the credit cards, HELOC, PLOC, and checking accounts.

[@ekotdz]

This is what needed to be taught in class

[@michaell7877]

What if you can’t get a LOC???

[@patriciafernandez3429]

I called my credit union and my bank (B of A) and neither offer a PLOC. So I have a related question: what bank or credit union is giving PLOC ?

[@Miles0370]

Maybe youre SOL

[@lovelysoul2772]

You can do a credit card as your PLOC if it's through your bank it's better you can transfer funds in and out easily, if not get the Plastiq card to pay your car payment and mortgage if you have one. She talk about it in length in almost every video.

[@michaell7877]

@@lovelysoul2772 I never heard her talk about how to get a PLOC.

[@vallang4832]

The credit card should be connected to your bank account. Get a credit card from your bank. But ask if it is connected to your account. They charge around 4%. Then you just do transfers. My bank only allows 6 transfers a month after that they charge. Plan accordingly.

[@mmlsweet]

Thank you. !!

[@cashjones9617]

Hello Christy, I have good credit, no credit card debt but too large car payments. What should I do?

[@loveejules]

I know personally that you don’t get approved for loans when your credit cards are maxed out. And the average person doesn’t get a $15,000 loan and if they did, the interest would be so high so the $514 car payment wouldn’t be eliminated for me. I live in California, I don’t own a home so couldn’t use that for a loan either.

[@coachanthonyburgos3971]

It’d be smarter for her to learn to do her own hair and eliminate the $380 until she becomes more financially stable

[@miriamharriott1067]

Hi you need assistance?

[@miriamharriott1067]

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.

[@miriamharriott1067]

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

[@chilleffect]

This sounds amazing. Question. What mortgages let you pay with a credit card?

[@dominijerzboi]

How do you get a Lione of credit if you’re not a home owner? If you hav low/poor credit amd you’re in the credit rebuilding stage is it better to raise your credit score to qualify for a line of credit or can a line of credit be used to rebuild your credit?

[@J_Nino]

I've inadvertently been doing this, except for taking a plunge and doing it with my car loan. The interest rate for that is only 0.9% with $23k left over 3 years so putting money onto a line of credit sounds scary to me. This makes me feel like I could pay it off much faster, tough... 🤔

[@J_Nino]

@@thomasxxxxxx2345 I don't intend to pay it off with a higher interest loan, for sure. I went through the trouble of doing the math on it using my credit card with 4% interest rate to pay it off. I'd end up paying just about the same if I did use my credit card than if I simply made larger payments- It was down to a few dollars difference. Either way, I don't plan to do any transfer for that loan.

[@datsme8986]

God bless You coach! 🙌 🙏🧠❤️

[@steveo8991]

My heloc doesn't come with a cc. Money just gets deposited into my checking and I use that to pay my off my capitol one cc expenses every month. All my income goes into the heloc every month.

[@rkl2485]

Where do you guys recommend going to get lines of credit? All I see the banks doing are offering personal loans. I bank with Wells Fargo & they no longer offer lines of credit. Thanks!

[@neomastiff]

learn something new thank you for the knowledge

[@geonkerbu]

As a new home owner with less than 20% down leaving in Texas can you get HELOC right after you close on your house ?

[@fredgrendel7814]

I’m from Canada - but all they can say is no. It’s worth a shot. We have a HELOC and the interest rate in very good

[@Linknelson]

Wow. This was amazing

[@emanuelmartinez7975]

I love this channel ❤️ your awesome 👌 😊

[@stevebaker9789]

I will be 3 years post discharge for bankruptcy in February. Should I wait for HELOC till then ?

[@orlandorosado6171]

What is the monthly payment on the line of credit? I don’t think you mentioned that?

[@HollyMusic72]

Is it betting to get a Heloc from the same finance company i have my house loan at or get it from another bank or from another company?

[@jocephusduckworth7175]

On my 2015 dodge Durrango I started to make extra payments in August 2023. The balance was $14,870. I started paying $1,000 a week every week and made the last payment December first 2033.

[@industrialexitstrategist2022]

1st x viewer new subscriber. I already use this credit card and expenses technique. Pays credit card and living expenses on the same line!!

[@kristenarias2022]

Hi you need assistance?

[@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]

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

[@freespirit8028]

I have an auto loan with a credit union that will NOT allow extra payments towards principle only!? Is this legal???

[@ryannguyen8001]

Can you help clear out my concern about bringing the monthly expenses into the credit cards, the 2 numbers $1540 and $630 should be 2 positive numbers, because they are monthly expenses. If she stopped spending every month, sure she can have those numbers as payments. Otherwise, I think they are adding to the existing balances of the 2 CC. Thanks.

[@bigbawsz2054]

Good concepts but you’re missing the payment of the new line of credit. Chances are that payment on a lnc is 375 with a 8 to 12%. Specially with it being a signature loan. Also most people who have maxed out cards are already using the method you’re doing. Charging their cards for those exact expenses already.

[@terencescott3957]

Your income satisfies the payment.

[@DC4L87]

I am in the same situation as the person you are talking about. I need to do this. How can I ask for a credit line.

[@samguajardo3991]

Bless you this is amazing

[@miriamharriott1067]

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.

[@miriamharriott1067]

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