Velocity Banking: How To Pay Loans With Credit - Eliminate Debt Rapidly

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  • Опубликовано: 9 янв 2023
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    Need First Lien HELOC - bit.ly/flheloc
    In this video, we go over Velocity Banking: How To Pay Loans With Credit - Eliminate Debt Rapidly.
    We are going to teach you how to pay your loans with credit using Velocity Banking. This is a fast and easy way to eliminate your debt rapidly.
    Velocity Banking is a new way to pay your loans that uses your existing credit history. This is a great way to get your debt paid off quickly and without having to go through a lot of hassle. Watch this video to learn more about Velocity Banking and how it can help you pay your loans quickly and easily!

Комментарии • 40

  • @candaceellison7147
    @candaceellison7147 Год назад +9

    This guy is so animated 😆😆 but i understood him so well.

    • @velocityc
      @velocityc  Год назад

      Candace Ellison Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!

    • @jameslittlejohn4524
      @jameslittlejohn4524 Год назад

      Yes, he is very animated!

  • @olivecracker1
    @olivecracker1 Год назад +1

    Simple pebble flintstone bedrock answers....Yabba Dabba YES !

    • @velocityc
      @velocityc  Год назад +1

      @olivecracker1 Thank you for your comment and for subscribing ;)
      Simplicity is Beauty.
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel
      If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc
      Look forward to working with you.
      Go forth and prosper!

  • @MrsGRock82
    @MrsGRock82 Год назад +2

    Thank you. I love the analogies that make sense. You’re teaching method definitely made a lot of pieces click together in my mind after listening to many videos and mostly getting the key points but you made the key points understood. ❤❤❤

    • @velocityc
      @velocityc  Год назад

      @tiffanyhart6920 Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel
      If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc
      Look forward to working with you.
      Go forth and prosper!

  • @stephenshelton6083
    @stephenshelton6083 Год назад +1

    Great excellent it works

    • @velocityc
      @velocityc  Год назад

      Stephen Shelton Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!

  • @victorscott1301
    @victorscott1301 Год назад +2

    I’m working on my credit now so I don’t have access to a high $$$ Credit Card. I’m thinking I can implement the same plan but I can get a secured card and deposit $8,000.00 and start moving my money like this. Then after a year most card companies will give you that deposit back if your account is in good standings. What do you think about that idea?

  • @Maccattack56
    @Maccattack56 10 месяцев назад +1

    Well done, I love your enthusiasm. You can probably sell me Ocean front property in Arizona. 😂.

    • @velocityc
      @velocityc  10 месяцев назад

      @Maccattack56 Ooooo. Ocean next to Arizona would be nice!
      If you'd like to know more, I would love to show you:
      calendly.com/creditwiz
      Or
      If you would rather learn Velocity Banking in the comfort of your own home, I can deliver that too:
      bit.ly/VelBan2
      CJ

  • @koolkatgriff2239
    @koolkatgriff2239 Год назад +2

    HOW WOULD ONE PAY OFF CREDIT CARDS IN THIS EXAMPLE? LIKE WHAT IF YOU HAD 5 CREDIT CARDS HOW WOULD THIS WORK?

    • @velocityc
      @velocityc  Год назад +1

      @koolkatgriff2239 Thank you for your comment and for subscribing ;)
      Great question. Have you heard of the cash flow index? If not, we have a lot to talk about.
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel
      Look forward to working with you.
      Go forth and prosper!

  • @vansom
    @vansom Год назад +1

    I think I just attended velocity church amen!

    • @velocityc
      @velocityc  Год назад

      Thank you for commenting and subscribing :) You ain't heard nothing yet... ha! Let me know if you have any further questions:
      calendly.com/g12group/velocity-channel

  • @craigshannon4957
    @craigshannon4957 Год назад +2

    Question: My HELOC rate has gone up from 2.75 to 7%. I can still borrow from my CC which has a 25k limit at 3% upfront for 18 months. Does it make sense to borrow that money at the lower rate to chunk on the HELOC to bring that balance down? Maybe, you can explore this idea in one of your videos.

    • @aliltussin3509
      @aliltussin3509 Год назад

      I would run your numbers to see if it makes sense. Even though your rate went up, you're not actually paying that percentage if your are doing velocity banking. That 7% is if your just pay the monthly minimum every month. Run your numbers and figure out your cashflow. Then you can determine how much you are actually paying in interest every month. If you run bill through a CC that has Cash back rewards, then factor that into your interest cost as well. Good luck to you.

  • @janettetaylor5695
    @janettetaylor5695 10 месяцев назад +2

    If I put all my pay on my credit card, how do I pay my mortgage and car loan? By the way, love how you drop that market 😅😅!

    • @velocityc
      @velocityc  10 месяцев назад

      @janettetaylor5695 The key is using your credit card as your new checking account. Great question.
      If you'd like to know more, I would love to show you:
      calendly.com/creditwiz
      Or
      If you would rather learn Velocity Banking in the comfort of your own home, I can deliver that too:
      bit.ly/VelBan2
      CJ

  • @courtneyelliott486
    @courtneyelliott486 Год назад +1

    If you get paid bi-weekly and earn tips weekly, should you deposit income into CC weekly or monthly?

    • @The-Last-Winner
      @The-Last-Winner Год назад +2

      CourtneyElliott486 Weekly,and use your cc like a checking account..Deposit your earnings on your cc ..

  • @ResplendentRaider
    @ResplendentRaider Год назад +1

    Me and my wife had a LOC, until she filed for bankruptcy, which closed the account, but ultimately leaving me with 7,000 dollar bal. I wanted to try this.

    • @selfreli7325
      @selfreli7325 Год назад

      *Ouch, you just hurt my feelings. All you needed to do was put both of your guy's pay checks into the LOC. If both of you have income then it would of taken you two 1 to 3 months to completely pay that LOC off and would of been your new checking account.*

    • @ResplendentRaider
      @ResplendentRaider Год назад

      @@selfreli7325 yeah, unfortunately I found out about velocity banking after the fact

    • @velocityc
      @velocityc  Год назад

      @tombraider7692 Thank you for watching. Let's fix that: calendly.com/g12group/rick2?month=2023-01

  • @jameslittlejohn4524
    @jameslittlejohn4524 Год назад +1

    The information you provide is helpful and very much needed. My only suggestion to you is to eliminate the animation in your presentation and simply teach and not preach. I understand that you want to show your passion for what you do, but it comes across somewhat as superficial. I can see the Baptist church preaching in your presentation, and this is not the audience for ministry. Thank you so kindly.

    • @velocityc
      @velocityc  Год назад +1

      @jameslittlejohn4524 Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel
      If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc
      Look forward to working with you.
      Go forth and prosper!

    • @olivecracker1
      @olivecracker1 Год назад +1

      Excuse me but I happen to love the animation. My God all the boring math teachers I had throughout my school years. I wish I would have had one as animated as CJ. In fact the only teachers that I have fond memories of are the ones that were animated. They were very far and few between.

    • @jameslittlejohn4524
      @jameslittlejohn4524 Год назад

      @@olivecracker1 that’s good that you love the animation, and that it works for you, but I was simply stating that one should know their audience to be the most effective influencer. My initial posting was in response to someone else’s comment stating otherwise. So it’s okay for you to have a different view. As long as you’re getting the best for yourself is all that matters.

    • @KiiingWilk
      @KiiingWilk Год назад

      This is his passion… and he has fun doin it…. who are “we” to tell him how to do something he loves and his audience love? Be supportive and get the message or leave the channel.

  • @bianca_xoxoxoxo
    @bianca_xoxoxoxo Год назад +2

    I currently have a HELOC and I have all of my income go into it. All of my monthly expenses come out of it every month. So I am doing this method. My question is, would you advise having a separate savings account? I currently have all of my money going into my house, thinking that if I ever need money for an emergency, I can pull it out of my HELOC. The advice I have been given is that my money is working for me sitting in my HELOC versus sitting in a savings account. Maybe it’s traditional, thinking that I should have a separate savings. any guidance or advice on that?

    • @aliltussin3509
      @aliltussin3509 Год назад +1

      That would be completely up to you. Basically the HELOC is your new checking and savings account. Saying the worst happens and the bank freezes your HELOC then it becomes a bill. This is the worse case though. Having an emergency fund could be good then and it can give you a peace of mind just in case something happens. If you have good cashflow, you could put some towards savings but that will be completely up to you. There is no right answer in any of this. You can customize this strategy to suit you needs. That's what's good about it. Good luck to you.

    • @velocityc
      @velocityc  Год назад

      Bianca Hernandez Thank you for your comment and for subscribing ;)
      If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/rick2?month=2023-01
      If you would rather take my class, you can do that too: bit.ly/VelBan2
      Thank you!

    • @durtydurty829
      @durtydurty829 Год назад

      ​@AlilTussin I appreciate your input on his questions.! I am looking into doing this just confused on where to start

  • @hanginwithsydandfisloan4226
    @hanginwithsydandfisloan4226 Год назад +1

    What is average score needed for heloc

    • @velocityc
      @velocityc  Год назад

      That would depend on the bank. However, there are factors to consider as well. The bank I am with likes to see credit scores in 680 or higher. Nevertheless, you never know if you don't try because the credit score they use could be a different version. Let's get you started here: bit.ly/flheloc

  • @bryontharp5790
    @bryontharp5790 Год назад +2

    You know he's a preach praise the lord TD Jake's

  • @leojamias1275
    @leojamias1275 Год назад +1

    Not a good idea.