This is how YOU utilize your CREDIT CARDS with VELOCITY BANKING! one KEY to remember, CHUNK!

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  • Опубликовано: 22 май 2024
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Комментарии • 67

  • @sharkattack6423
    @sharkattack6423 Месяц назад +26

    $7000 cleared since christmas! Woo hoo.

  • @douglasriche78
    @douglasriche78 Месяц назад +19

    This is exactly how I am doing it! I make three payments. Weeks 1, 2, and 3 of the month. These payments are no less than $300 each, but I do put more on the 2nd and 3rd weeks. Do the max cash advance, disburse the funds or focus on one debt, rinse and repeat. Navyfed credit card, $20,000 credit limit, $6,000 cash advance.

  • @User31084
    @User31084 Месяц назад +13

    Hey Christy,
    Why dont you talk about ERISA!???
    ALOT of seniors and disabled people cant be compelled to repay their debts. Even taxes!!!
    In 1974, ERISA was enacted to protect almost ALL retirement and disability income from lawsuits and collection!!!

  • @princessa_white469
    @princessa_white469 Месяц назад +2

    That made total sense 🎉

  • @emann1592
    @emann1592 Месяц назад

    Thank you!!

  • @Simplelifeusapinay
    @Simplelifeusapinay Месяц назад +1

    Great info. Helpful advice

  • @TheVegasSoup
    @TheVegasSoup Месяц назад +1

    Thank you!!!

  • @hildagomez8310
    @hildagomez8310 Месяц назад +2

    Gracias!! 👍♥️

  • @TheGamingInvestor
    @TheGamingInvestor Месяц назад +2

    U da best! 👍

  • @LiveLifeLove63
    @LiveLifeLove63 Месяц назад +4

    Evening Christy
    Thank you, I didn’t know that!

  • @modernmamas
    @modernmamas Месяц назад

    Thank u miss Christy for this information, God bless u more❤😊

  • @hedgefund996
    @hedgefund996 Месяц назад +2

    Good Educational Content

  • @rvh77
    @rvh77 Месяц назад +8

    I remember the last time they started cutting limits down. It was 2008...🤔

  • @ACBorne
    @ACBorne Месяц назад

    Subscribed 🎉

  • @stepsformorehouse7198
    @stepsformorehouse7198 Месяц назад +4

    I am anxiously awaiting to start and see the results of money max payments.

  • @MLBee123
    @MLBee123 Месяц назад +6

    Wish I found you a few months earlier. Amex cut my card limit from 16k to 1k after I paid it off. I didn’t understand 😢

  • @staciestacie3044
    @staciestacie3044 Месяц назад +2

    Hi Christy ❤

  • @carlosreviewsgadgetsprismapixx
    @carlosreviewsgadgetsprismapixx Месяц назад +4

    You are AWESOME 😎!! Great information!!

  • @princessa_white469
    @princessa_white469 Месяц назад +1

    HELLO MY GUARDIAN ANGEL 👼🏼

  • @stepsformorehouse7198
    @stepsformorehouse7198 Месяц назад +3

    Sad truth. I just had 2 cards cut my limits in half 😮

  • @antonioboone282
    @antonioboone282 29 дней назад

    Hey Christy! I love your videos. For mutiple smaller payments throughout the month, does it matter when those payments are made? For instance, right before the statement date, etc.? Anything that will help increase credit score the QUICKEST WAY possible .Thanks in advance!

  • @noellearguelles8158
    @noellearguelles8158 Месяц назад +2

    With credit card debt under $20k it doesn't make sense to get Money Max account. The payment was $2500, better for mortgage debt

  • @GTNBY2
    @GTNBY2 Месяц назад

    I found out yesterday I'm losing my six figure a year job of 14 years because the company is closing my branch. I'm roughly $300,000 in debt with mostly secured loans, and approximately $24,000 in credit cards. I'm really hoping this will help.

  • @lianagilbert61
    @lianagilbert61 Месяц назад +1

    I have everything set on auto pay, except my house note. I will have to go in and figure out how to change all my bills to another account? I will set them up to come out of the heloc or credit card I chose to start velocity banking? Or does the money manager do all of this when I click to execute?

  • @icon5892
    @icon5892 Месяц назад

    So you can use money max in conjunction with velocity banking? I have a first lien. Thanks

  • @mikeh6948
    @mikeh6948 Месяц назад +6

    OR... pay it off in full, always. Never borrow more than you can repay. Treat it like a debit card and spend within your limits.

  • @kevinkob2157
    @kevinkob2157 Месяц назад +3

    Hi Christy, do you do any seminars or even consulting for business or individuals?

  • @naturalladybug
    @naturalladybug Месяц назад

    Is there a link or website for the Money Max?

  • @armonstevenson5944
    @armonstevenson5944 23 дня назад

    Hey Christy, does the multiple payments a month work for auto loans as well as cc?

  • @TheEndTimes777
    @TheEndTimes777 Месяц назад

    When doing that, do you have to state that you want the payment to go to the principal and not the interest? Or does it just automatically go to the principal because it's before the 25 Days?

  • @loriowens5623
    @loriowens5623 Месяц назад

    This might not be the right place to post this but it might b happening to other people. I've registered for the Tuesday webinar for Money Max. I get the email to say I'm registered BUT I don't receive the link to join the webinar. I don't receive a follow up email. So where do I get the link to join the webinar?

  • @marshallwise1763
    @marshallwise1763 Месяц назад

    Can you use VB in paying off a tax debt?

  • @markpiven5841
    @markpiven5841 25 дней назад +1

    I have 25k left to pay on my car 740$ payment . I’m making between 800-1000 payments . Expecting to pay off in two years. Should I use my Citi credit card at 9.9% to do a lump sum of 10k towards the car or just keep making the payments?

  • @stevekelly3490
    @stevekelly3490 Месяц назад

    How do you recommend buying a vehicle? I know loans is a dirty word. My credit is about 690 I guess that’s fair.

  • @TheFxhound
    @TheFxhound Месяц назад +1

    Anyone here with experience with Truist PLOC?

    • @deval3596
      @deval3596 Месяц назад +2

      no, plus I wouldn't do business with Truist because they wouldn't let me payoff my car loan in full as a one time payment. they wanted me to make multiple payments, which was around $8K in 2019 before I started doing velocity banking.

  • @d.carveth8703
    @d.carveth8703 Месяц назад +1

    Where can you get a PELOC? ive been looking but noone us offering? Also, can you get a HELOC instead of a mortgage when on a first time purchase?

    • @humblebee7979
      @humblebee7979 Месяц назад

      PLOC = personal lines of credit. A lot of credit unions offer PLOCs. Banks offer them as well - check with your bank/credit union. You can get a HELOC instead of a mortgage - they will try to talk you out of it and not all banks/credit unions will allow it.

    • @rlstrickland13
      @rlstrickland13 Месяц назад

      Credit union,etc.

    • @icon5892
      @icon5892 Месяц назад

      I believe you need 15% down to get a first lien out the door

  • @JamesJimStanton
    @JamesJimStanton Месяц назад +1

    I am curious to know if I am doing something incorrectly. I have tried splitting up CC payments over the month prior to the due day. This was attempted on two different cards. In both cases, they still wanted the minimum due on the due date? Have I misunderstood what your explaining?

    • @cocacolafiesta
      @cocacolafiesta Месяц назад +2

      I made the mistake of paying a credit card payment at the end of the month when we got paid instead of waiting till the new month started, sort of to get ahead of the game, but it still showed that I, too, needed to make a payment. I figured that because it was not after the first that it didn’t record it as being paying earlier. I now wait till the first of the month to begin paying my cards for that month.

  • @c.parker8439
    @c.parker8439 Месяц назад +1

    What's the difference between the closing date and due date? I try to pay as much as I can by the closing date? Is it worth it? Should I only worry about the due date? I try to pay my balance in full per month, but sometimes I don't. Good luck

    • @deval3596
      @deval3596 Месяц назад +1

      the due date is when you need to make your minimum payment so you don't charged a late fee. the closing date is the last date of you current statement.

    • @JC-qu7iw
      @JC-qu7iw Месяц назад +1

      The close date is the one you want to focus on if you want to improve your credit score for the next month because you would want to drop your credit card balance as much as you can before the close date.
      The due date is important because you need to make your minimum credit card payment, otherwise the credit card company will hit you with a late payment derogatory mark on your credit report which will destroy your credit.

  • @christianfserna
    @christianfserna Месяц назад

    How do they benefit with cutting limits

    • @Jesus-kt5dc
      @Jesus-kt5dc Месяц назад

      It's not that they benefit from cutting limits or closing accounts. What they are doing is mitigating risk (lower the risk). When the economy slows down and people start losing their jobs, they rely on CC and most likely default. Have a great day.

  • @squadabingo9113
    @squadabingo9113 Месяц назад +3

    So basically you're saying make a bunch of payments throughout the month to pay off your credit card. So if I have a $500 limit on my credit card, I can use that $500 throughout the month and slowly pay it back throughout the month?

    • @deval3596
      @deval3596 Месяц назад +3

      since you only have a $500 credit card and you have the money use it and then pay it off in a day or two. keep doing that and make sure that you owe nothing by your closing date so you don't get charged interest if that is a feature on the credit card. then keep doing this over and over every month so you can build up your credit. $500 is not sufficient for you to do vb properly because the limit is so small.

    • @squadabingo9113
      @squadabingo9113 Месяц назад

      @@deval3596 thank you for the insight. I really appreciate it.

  • @brendadavila1316
    @brendadavila1316 Месяц назад +2

    I just came across your videos when I was searching if snowball or avalanche method is best for paying of credit card debt. I have been watching your videos and feel like I understand how it works but the one thing I am not getting is how do you account for the interest that automatically is charged to the credit card before you payment is due. Do you include your minimum payment as part of your expenses each month? Hope this makes sense. Thank you!!😊

  • @schneider4414
    @schneider4414 Месяц назад +1

    I can't seem to find the info for the money Max program. I googled it, but not sure I'm looking at the right thing? Can someone provide a link? Thanks

    • @nicnich7
      @nicnich7 Месяц назад

      she discusses it in this video. ruclips.net/video/XD-H1HnMjBY/видео.html

    • @VanntasticFinances
      @VanntasticFinances  Месяц назад +2

      Go here to register for the upcoming informational webinar on Tuesday at 7pm CT... vannwebinar.com

    • @schneider4414
      @schneider4414 Месяц назад +1

      Thank you! 😊

  • @aa22186
    @aa22186 Месяц назад +1

    Why do CC cut your limit? Because you don't use it after you pay it?

    • @deval3596
      @deval3596 Месяц назад +3

      they cut your limit because of your history with the credit card. bad history means that they will most likely take a loss with you so as soon as you pay some down they will cut the limit so you can't use up that money again. so don't ever carry a credit card at their max balance for a long time and always always give at least the minimum payment by the due date. I've paid down my credit card from $30K to $14K since december and my balance hasn't been lowered from $37K.

    • @WellDressedCaveman
      @WellDressedCaveman Месяц назад +1

      Try not to use more than 10% of available credit on any single card.

  • @RICKDOEZ1
    @RICKDOEZ1 Месяц назад

    I need help can you help me with my 260k debts

  • @james-og7df
    @james-og7df Месяц назад

    How can I contact you for a private session?