@@NoelleRandall1 that's a good way to do it too!!thank you..I said I wanted to borrow money,for example 20k..borrow 5k but dont use it and just pay it back 🤷
I think instead of paying it once a month, make two payments in the month because each day you accrue interest. So instead of paying the lump sum of $2000, pay$1000 every 14 days to further help with the pay down. The first payment is right after the statement is available. The next payment right before the due date. At that point, the balance did not have time to accrue interest because you made a payment before it began to accrue.
It does work!! The interest that people KEEP talking about IS being addressed!! The minimum payment is $400, but you're paying $2,000! That is WAY more than the minimum payment AND INTEREST!! The $2,000 is MORE THAN covering the minimum payment and interest!! That's why it pays the credit card down!
Exactly, you got it! Putting $2,000 toward the balance each month, well beyond the minimum, not only covers the interest but actually chips away at the principal. This move is exactly why your balance and interest costs are shrinking over time.
@NoelleRandall1 Thank you, Noelle, for being the type of person who wants to bring others along with you for the ride❣️ Some people learn, but don't share! Thank you for caring and sharing❣️ Lastly, I watched your segment with the gentleman from RYM, and I have to be honest, I'm lost!! I trust I will get there, but right now, I'm SOOO confused on how that works!😰 God bless❣️🙏🏾
file bankruptcy just on the debt that is too much interest , it wont hurt you as much as you think , even when you go apply for another loan after that , you will be fine , they look at debt over ratio and since you just file bankruptcy , they know no matter what , you have to pay back that loan for at least 7 yrs
@@tamikles206 try debt consolation, you can't believe how freeing it is, 3-6 mos afterwards, your credit begins to climb again. I went from paying over $4,000 a month to just over $400. A month now. I can breathe again. What these creditors are charging in interest should be illegal! 🤬
16k 😢 I went from having a 780 credit score to 500 in less than a year. I am so very sad and trying to get out of this without doing bankruptcy but I’m overwhelmed
LOL I seen someone else use the same exact example. However if you owe 10,000 on a credit card and you make a 2,000 payment, your balance will NOT be 8,000. A portion of that 2,000 payment will go towards interest, you are Not paying principal payments only on your credit card
Be careful with that, credit card companies are now DECREASING your available credit after you pay and that money will not be available to pay those bills that will come through.
You're right to be cautious about credit card companies potentially reducing limits after payments. Try spreading your expenses across multiple cards, which can help keep your utilization low and give you a buffer if one issuer lowers your limit. Paying early is another smart move! It frees up your available credit more quickly and can prevent those surprise reductions. Remember, keeping your utilization under 30% is not just great for your credit score but also minimizes risk. Plus, using business credit cards allows you to maintain your personal limits while giving you more spending power. And if you notice any changes, don’t hesitate to reach out to your issuer. Sometimes a little communication about your responsible usage can go a long way! 🙂
Yes I once paid all my credit cards down and closed them and just kept the one open and the company shut down my only card because my income had changed.
Everything she explains in this video is correct. By using the method she explains you're paying your balance down faster because every month you'll be reducing the amount of interest payments over the long term
When my minimum payment due is only $40. I pay $3 every other day until the minimum is met before the due date. It serves to raise my credit score because it confuses the computer algorithms.
That can happen with some lenders, especially when they see higher risk, but it’s not a universal practice. It’s important to work with creditors that report positive payment activity to build your credit. Regular monitoring and negotiating with your lender can also help avoid such situations.
@@NoelleRandall1is it legal though? Couldn’t we raise that issue with the BBB if they are just doing it to cripple and keep you in debt, wouldn’t that fall under “dishonest practices”. How could paying down your debt be considered High Risk!?
@@mr.splackavellie2184 I assume if you pay off the entire balance of $10,000 before the statement date, then yes there will be no interest. However, if you're paying only $2000 per statement cycle there will be interest on the remaining $8000. Maybe I'm missing something or she needs to explain better..
Should we still use credit card if they charge an extra fee for credit cards over debit or banking account? I don’t know how no one has asked or explained this but almost every bill charges extra to use credit
Live that I found this will show my daughter and her husband… I need to pay off my house but I’m debt free and will keep this in my back pocket for that rainy day.
I feel like I'm missing something. If your payment on the credit card is $400, if you pay the payment, your second month should be $400 less (if you don't factor in interest or use the card). You're not paying it down quicker, you're simple making your monthly payment. Additionally, paying $400 per month for 17 months is $6800, not $10,000. The math isn't mathing. Additionally, interest charges were not factored in. If you're not paying it down by $2k prior to the date that interest is charged, you're actually increasing the amount owed by adding the $1600 worth of charges per month. Again, maybe I misunderstood, but I don't think I did (with the information available in the video).
Thanks for your thoughtful feedback! I get where you’re coming from. The key here is using your income strategically to tackle the principal on your credit card, not just covering the minimum payment. While paying $400 monthly does amount to $6,800 over 17 months, the goal is to pay down as much as possible each month to reduce that balance faster. You're also correct about interest; it can add up, so ideally, you want to pay off as much as you can before it hits. It’s about leveraging your credit wisely to lower that debt. I appreciate you bringing this up.
TY. I have good credit, an income of 1,400.00/mo. Owe 9,300.00 on my card. I dont want extra cards. But would appreciate lower finance charge each month. They charge almost as my payment every mo. I pay 300 and 400 alternately.
I totally get it! Floating bills with credit cards can be helpful in a pinch, but let’s work on leveling up. While mortgages and car payments don’t take cards, there are services that can turn credit into cash (just be mindful of the fees). Building business credit is a game-changer too and opens up more funding options without stressing personal cards. You’re on the right track. Keep pushing forward! ❤💪
I have about $4000 in credit card debt and have been using this method you’re talking about. It’s literally the best way to not get behind on…any bills. Most people don’t understand this or aren’t mentally able to do it because they see it as “risky”. It’s risky to not pay your bills. Cheers Noel on your channel, been growing mine as well and enjoying this process.
Also Noel I tried signing up for the link and not allowing me to for mobile (I have an iPhone)…error msg; says I need to check a box before moving forward but it’s not showing the box atleast not for mobile
Great to hear you’re giving it a shot! Even with a $1,500 limit, you can apply the same principles to manage your payments and expenses. Just remember to stay consistent and monitor your usage to keep that credit score rising.
That's absolutely true but Noelle stated in the video that the other bills would be, utilities, groceries, gas etc. You'd be putting your income, after rent/mortgage, only into your credit card(s).
Absolutely! The principles of leveraging credit apply regardless of the amount available. Whether you have $1,000 or $2,000, it's all about how strategically you use that credit to maximize your investments.
You're absolutely right! Knowing your billing cycle is huge, if you pay before the statement date, you can totally avoid interest. If you can’t pay it all off, no worries, just try to pay as much as possible to cut down on those interest charges. Honestly, a little planning here really can save you a ton.
I guess I'm not understanding. What's the difference between this and just paying $400 on your card each month without making additional charges? If you're only reducing the balance by the minimum payment anyway?
Because paying just the minimum ($400) you will never get out of debt. The majority of the $400 payment would be paying off interest. By using her method, your interest would be reduced and you will pay off the debt sooner.
You have to use your credit card for everything you can thats the point you won't have no cash on hand if everything cant be paid by credit card you put that money to the side and pay with cash
Card is 10,000 My bills are 3,000 I DONT HAVE CC PAYMENT. I pay the rent 1000, i still have 2000 in bills (not including cc bill of 400. which means) my total bills is 3,400) sooo I put 2,000 on my card but only spend 1600. I JUST PAID THE CC BILL I DIDN'T HAVE AND STILL 400 SHORT ON THE OTHER BILLS! Please explain that!
I would like the answer to this too because I’ve noticed that creditors really want the utilization down to 10%, so yes you are making the payment but I feel like the utilization works against you, however this method isn’t gonna make your situation worse so why not
My strategy focuses on paying down the principal quickly to minimize those pesky interest charges. Treating your credit card like a checking account and paying it off regularly can really cut costs over time. If you're looking for ways to manage interest, consider transferring balances to lower-rate cards or taking advantage of 0% introductory offers. 😄
Giirrl… I need serious help! 😟 I’ve got 6 cards, all maxed, total abt 35k (ish)… now my score is way down coz of the utilization. I’m gonna be 65 soon so my options for work are limited. My monthly income is less than 3k. I’ve never been in this position before, ever… until after my divorce. Ive tried doing what you suggest here but I must be doing something wrong coz every month, I still sit with my card maxed! 😕 what am I doing wrong? Any suggestions? 🙏🏼
If 90% of your bills are credit card bills, start by paying the minimum on each card to keep them active and avoid late fees. Then, use any extra funds for essentials. If you can, transfer higher-interest balances to a card with a lower rate to save on interest over time. Debt consolidation is also worth exploring, or you could chat with a credit expert for tailored advice. You've got this! 🙂
Yea. Gon take this one down thug. That CC getting paid down the same weather the rest of the bills are paid via CC or cash. Your best bet is to hide your card in the back of your sock drawer. Use debit card only while paying down. Live bare minimum to put more towards the principal every month. And stop chasing points/ cash back until you get yourself together💯
Paying down credit card debt while managing other bills can be tricky. Using a debit card can help with budgeting, but remember that building credit can also be essential for financial health. It's all about finding a balance that works for you. Appreciate the insight!
@Darren-C I actually prefer your theory as well! It just seems easier to make larger debit payments and cut cost on other expenses to pay off debt, but I'm sure things work differently for each individual! 🤨
Yes but credit cards can’t pay credit bills so I see how this can work with some careful planning of what’s used with a credit verses cash payment and interest as well
I love the way you are explaining this! I never understood the idea of getting more cards & transferring balances when I am in debt regardless, but you are making it make sense...thank you!
So you are saying I should wait for my two bi-weekly salaries of for example $1500 in two weeks, and another $1500 in another two weeks and pay my credit card? But some utility payments need to be paid off midweek so if I wait until I have my monthly check I will miss making payments. So I don't get your concept. It makes more sense to pay half of my monthly net pay to my credit card and then wait until I get the next bi-weekly pay to do the same thing.
Hi Noelle, How do you get other credit cards to pay down your credit card debt? Do you have any recommendation’s on which credit card company’s? What if you live on a low income? What do you do then?
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@@NoelleRandall1 that's a good way to do it too!!thank you..I said I wanted to borrow money,for example 20k..borrow 5k but dont use it and just pay it back 🤷
Okay but want you have that credit card bill also. The one you are putting your other bills on. Or did I miss something
If the $2,000 that I'm putting on the credit card bill for the credit card payment then where does the 400 payment for my light bill come from
Got it but I have other smaller credits...do I continue to pay the other cards the minimum and work on the largest card first?
This method works great when your monthly expenses remain the same but when life is lifing others expenses arise
I think instead of paying it once a month, make two payments in the month because each day you accrue interest. So instead of paying the lump sum of $2000, pay$1000 every 14 days to further help with the pay down. The first payment is right after the statement is available. The next payment right before the due date. At that point, the balance did not have time to accrue interest because you made a payment before it began to accrue.
I’ve been doing 1/2 pay twice… for years, Awesome! Raised my scores greatly.
Do you have any special formulas for Loans?
Do you have any special formulas for Loans?
@@linxtodreams you obviously don't get it
@@deelee174 this Is the fact ,
Funny thing is I do this anyway, but I have to stop spending after I do it. That’s the key thing.🤦🏽♀️
no you don't
Stop spending for six months…you can do it!!!! Then it will get easier cuz you’re then in control~💜
@@MoneyStrategiesSOULutions You got this. It's all about Self discipline , I believe in you
cut the cards up. you can do it!
I just paid off all my credit cards!
That's awesome! Congratulations. 😍🥰
@@Sedgley9024 congratulations! Did you do this following this strategy?
By using her strategy??
Congratulations!!!
My debt is 12,000 and I have no idea how to fix it.
My head is spinning…. I need to set this on slow grandma mode and listen to it like 10 times!
It does work!! The interest that people KEEP talking about IS being addressed!! The minimum payment is $400, but you're paying $2,000! That is WAY more than the minimum payment AND INTEREST!! The $2,000 is MORE THAN covering the minimum payment and interest!! That's why it pays the credit card down!
Exactly, you got it! Putting $2,000 toward the balance each month, well beyond the minimum, not only covers the interest but actually chips away at the principal. This move is exactly why your balance and interest costs are shrinking over time.
@NoelleRandall1 Thank you, Noelle, for being the type of person who wants to bring others along with you for the ride❣️ Some people learn, but don't share! Thank you for caring and sharing❣️
Lastly, I watched your segment with the gentleman from RYM, and I have to be honest, I'm lost!! I trust I will get there, but right now, I'm SOOO confused on how that works!😰
God bless❣️🙏🏾
She is crediting the whole $400 and reducing the balance after paying the rest of the bills.
But it still affects the time to pay off. Interest is less but still there
@@ydtm7830 ok. Thanks
Thank you so much for this tip. I have $30k in debt. I'm absolutely drowning.
file bankruptcy just on the debt that is too much interest , it wont hurt you as much as you think , even when you go apply for another loan after that , you will be fine , they look at debt over ratio and since you just file bankruptcy , they know no matter what , you have to pay back that loan for at least 7 yrs
@@tamikles206 try debt consolation, you can't believe how freeing it is, 3-6 mos afterwards, your credit begins to climb again. I went from paying over $4,000 a month to just over $400. A month now. I can breathe again. What these creditors are charging in interest should be illegal! 🤬
16k 😢 I went from having a 780 credit score to 500 in less than a year. I am so very sad and trying to get out of this without doing bankruptcy but I’m overwhelmed
This can work. Don't give up! Are any of your debt close to coming off? If so, do not pay, wait for it to fall off. That will help.
LOL I seen someone else use the same exact example. However if you owe 10,000 on a credit card and you make a 2,000 payment, your balance will NOT be 8,000. A portion of that 2,000 payment will go towards interest, you are Not paying principal payments only on your credit card
Be careful with that, credit card companies are now DECREASING your available credit after you pay and that money will not be available to pay those bills that will come through.
You're right to be cautious about credit card companies potentially reducing limits after payments. Try spreading your expenses across multiple cards, which can help keep your utilization low and give you a buffer if one issuer lowers your limit. Paying early is another smart move! It frees up your available credit more quickly and can prevent those surprise reductions. Remember, keeping your utilization under 30% is not just great for your credit score but also minimizes risk. Plus, using business credit cards allows you to maintain your personal limits while giving you more spending power. And if you notice any changes, don’t hesitate to reach out to your issuer. Sometimes a little communication about your responsible usage can go a long way! 🙂
Not all of them - mine never did.
Yes I once paid all my credit cards down and closed them and just kept the one open and the company shut down my only card because my income had
changed.
Wow… every time I pay mine off, the limit always increases $2-3k
Everything she explains in this video is correct. By using the method she explains you're paying your balance down faster because every month you'll be reducing the amount of interest payments over the long term
Great concept, just remember the reoccurring interest hitting every month, so that first month you can cut the $400 to actually $200.
The math is not mathing. 6:33 You don’t have any interest rate showing?
I fixed mine in 2 years from 585 to 723. For free
Great job Adrienne, I am about to do the same
When my minimum payment due is only $40.
I pay $3 every other day until the minimum is met before the due date.
It serves to raise my credit score because it confuses the computer algorithms.
@@adrienne5925 how?
@@adrienne5925 how??
@@adrienne5925 how did u do this for free
Sometimes they take your payment and reduce your limit by the same amount. This keeps you maxed out but they get their money.
absolutely!
That can happen with some lenders, especially when they see higher risk, but it’s not a universal practice. It’s important to work with creditors that report positive payment activity to build your credit. Regular monitoring and negotiating with your lender can also help avoid such situations.
@@NoelleRandall1is it legal though? Couldn’t we raise that issue with the BBB if they are just doing it to cripple and keep you in debt, wouldn’t that fall under “dishonest practices”.
How could paying down your debt be considered High Risk!?
It would have been great to have seen thia video in January!!!
Gonna try it for sure! $6,300 in debt.
The math isn't matching because you haven't equate interest charges 😊
@@lornabarrios5184 And that the account is not closed. You wouldn't be able to use the card again.
@@lornabarrios5184 if you pay it every month before the statement date it's interest free
@@mr.splackavellie2184wouldn’t that depend on the credit card?
If you assume $400 is the minimum payment which would include any interest, you would be paying it down as she is stating.
@@mr.splackavellie2184 I assume if you pay off the entire balance of $10,000 before the statement date, then yes there will be no interest. However, if you're paying only $2000 per statement cycle there will be interest on the remaining $8000. Maybe I'm missing something or she needs to explain better..
I’m not dumb 😂 how I didn’t think of this on my own I’m disappointed in myself but proud of you for this video 😂
This is assuming no car note, loan payments or other credit cards.
Exactly 👍🏾 and some cards like Amex charge interest daily so when I pay by bill statement interest will be included
Great info! The bottom line is, spending on needs instead of wants will make this happen as long as you aren't shipping for shoes!
Right! ❤
Yeah I stopped getting take out.
@@Cantetinza17 the holidays sabotage my efforts. I'm a weakling i hate it.
I’m glad you used realistic examples. Thank you for sharing your experience and knowledge.
Thanks!
Should we still use credit card if they charge an extra fee for credit cards over debit or banking account? I don’t know how no one has asked or explained this but almost every bill charges extra to use credit
Live that I found this will show my daughter and her husband… I need to pay off my house but I’m debt free and will keep this in my back pocket for that rainy day.
Got it..keep going, keep going, then paid off. BOOM 💥💥💥
I just stumbled upon this video but I’m definitely going to try this strategy! Thank you!
thank you for sharing i will be using this format to pay off my $4500 credit card debt
I feel like I'm missing something. If your payment on the credit card is $400, if you pay the payment, your second month should be $400 less (if you don't factor in interest or use the card). You're not paying it down quicker, you're simple making your monthly payment. Additionally, paying $400 per month for 17 months is $6800, not $10,000. The math isn't mathing.
Additionally, interest charges were not factored in. If you're not paying it down by $2k prior to the date that interest is charged, you're actually increasing the amount owed by adding the $1600 worth of charges per month.
Again, maybe I misunderstood, but I don't think I did (with the information available in the video).
Thanks for your thoughtful feedback! I get where you’re coming from. The key here is using your income strategically to tackle the principal on your credit card, not just covering the minimum payment. While paying $400 monthly does amount to $6,800 over 17 months, the goal is to pay down as much as possible each month to reduce that balance faster. You're also correct about interest; it can add up, so ideally, you want to pay off as much as you can before it hits. It’s about leveraging your credit wisely to lower that debt. I appreciate you bringing this up.
THANK YOU SISTA WE ALL NEED YOU.... MUST APPRECIATION TO YOU....!!!
This actually. Works. I’ve done this and helped with my payment not have to pay the high interest . Would pay day before my credit card is due
Right! It’s all about timing and using your credit wisely.
TY. I have good credit, an income of 1,400.00/mo. Owe 9,300.00 on my card. I dont want extra cards. But would appreciate lower finance charge each month. They charge almost as my payment every mo. I pay 300 and 400 alternately.
She is right, interest is only charged after 30 days and 40 days, so make sure you pay within the cycle before interest is charged.
I've been floating my bills and card for ever 😂 sadly can't pay my mortgage or auto with card 😢 thanks for sharing knowledge ❤
I totally get it! Floating bills with credit cards can be helpful in a pinch, but let’s work on leveling up. While mortgages and car payments don’t take cards, there are services that can turn credit into cash (just be mindful of the fees). Building business credit is a game-changer too and opens up more funding options without stressing personal cards. You’re on the right track. Keep pushing forward! ❤💪
I have about $4000 in credit card debt and have been using this method you’re talking about. It’s literally the best way to not get behind on…any bills.
Most people don’t understand this or aren’t mentally able to do it because they see it as “risky”. It’s risky to not pay your bills.
Cheers Noel on your channel, been growing mine as well and enjoying this process.
Also Noel I tried signing up for the link and not allowing me to for mobile (I have an iPhone)…error msg; says I need to check a box before moving forward but it’s not showing the box atleast not for mobile
Thank you Noelle for sharing this...explained much more clearly than some 'velocity training. 😊'
I'm glad the explanation resonated with you. Understanding these concepts can really make a difference in managing your credit effectively. 😍
Thank you so much for sharing ❤
Very informative; thank you.
So are we assuming that the $400 credit card payment is being accounted for when you talk about expenses?
My card is only $1500 I'm going to try this method with that. Thank you
Great to hear you’re giving it a shot! Even with a $1,500 limit, you can apply the same principles to manage your payments and expenses. Just remember to stay consistent and monitor your usage to keep that credit score rising.
Many credit cards don't accept payments from another credit card. So, confirm before you put your whole check on that credit card.
@@Kay-fv7cw Yes I'm wondering about my other credit cards too?
@Kay-fv7cw Right!
Most only allow bank account. Few allow cards
That's absolutely true but Noelle stated in the video that the other bills would be, utilities, groceries, gas etc. You'd be putting your income, after rent/mortgage, only into your credit card(s).
This concept works equally well if you only have an available credit of $1000....or $2,000
Absolutely! The principles of leveraging credit apply regardless of the amount available. Whether you have $1,000 or $2,000, it's all about how strategically you use that credit to maximize your investments.
Isnt it important to remember when your cycle ends so that your can pay it before interest hits
You're absolutely right! Knowing your billing cycle is huge, if you pay before the statement date, you can totally avoid interest. If you can’t pay it all off, no worries, just try to pay as much as possible to cut down on those interest charges. Honestly, a little planning here really can save you a ton.
I guess I'm not understanding. What's the difference between this and just paying $400 on your card each month without making additional charges? If you're only reducing the balance by the minimum payment anyway?
@kimg6558 yes, several people have asked ..but she hasn't responded 😕. I don't see the difference really
Because paying just the minimum ($400) you will never get out of debt. The majority of the $400 payment would be paying off interest. By using her method, your interest would be reduced and you will pay off the debt sooner.
Awesome, I am going to do this! Thanks for the advice!
If I’m putting all of my money towards the credit card, how do I keep some cash on hand?
You have to use your credit card for everything you can thats the point you won't have no cash on hand if everything cant be paid by credit card you put that money to the side and pay with cash
Card is 10,000
My bills are 3,000 I DONT HAVE CC PAYMENT. I pay the rent 1000, i still have 2000 in bills (not including cc bill of 400. which means) my total bills is 3,400) sooo I put 2,000 on my card but only spend 1600. I JUST PAID THE CC BILL I DIDN'T HAVE AND STILL 400 SHORT ON THE OTHER BILLS! Please explain that!
Now how would this work if you have multiple credit cards adding up to about $50,000.
What's is the difference then just paying 400 off each month
If you pay just $400 each month, and add the others debts (since you are using the credit card to pay debts), the balance will go up not down!
Also charges will reduce if I got this right.
I would like the answer to this too because I’ve noticed that creditors really want the utilization down to 10%, so yes you are making the payment but I feel like the utilization works against you, however this method isn’t gonna make your situation worse so why not
Omg this was heaven sent for me. Im applying this technique ASAP
Got it sis!!! Thanks for sharing!
You're welcome! Thank you for watching!
Thanks for sharing this amazing information Noelle! Keep the content coming.😃
Thank you! Will do!
I just found you on RUclips. Thank you for your assistance
I'm so confused, where did the 400 magically go to when that was the minimum payment?
Where’s the interest being taken into account???
Christy Vann’s RUclips Channel explains Velocity Banking perfectly! Hugs & Blessings Family🙏🏽❤️🙏🏽🖤🙏🏽💚🙏🏽
Christy Vann is an angel on earth!! ❤❤❤❤❤❤❤❤❤❤
So you still need cash.
How about when you have 3 card but now the are restricted because had been just paying the minimum
That’s the same question I was going asked her..
Hi Noelle. This is genius. Thank you... So informative and helpful🎉
Im going to start doing this. Thank you
You are not accounting for the interest charges by the credit card company in your calculations 🤓👀
My strategy focuses on paying down the principal quickly to minimize those pesky interest charges. Treating your credit card like a checking account and paying it off regularly can really cut costs over time. If you're looking for ways to manage interest, consider transferring balances to lower-rate cards or taking advantage of 0% introductory offers. 😄
This is brilliant. God bless you!
If you diddnt have cash flow, how are you paying the 400 each month?
Where is the interest you have to add that in each month. To add it to transfer to cc you have to pay fees usually 3%
This works and its how we saved for our second home🙏🏾🙏🏾
That’s awesome to hear!😍
Giirrl… I need serious help! 😟 I’ve got 6 cards, all maxed, total abt 35k (ish)… now my score is way down coz of the utilization. I’m gonna be 65 soon so my options for work are limited. My monthly income is less than 3k. I’ve never been in this position before, ever… until after my divorce. Ive tried doing what you suggest here but I must be doing something wrong coz every month, I still sit with my card maxed! 😕 what am I doing wrong? Any suggestions? 🙏🏼
You are a very smart woman thank you for making these.
Ms Noelle you’re so awesome. I love your videos
How does transferring cards work exactly...
How about the interest on the credit card?
Thank you Noelle, I really appreciate this. Great advice!
How do I do this if 90% of my bills are credit card bills and the other expenses are the 10% 🤷🏾♀️
If 90% of your bills are credit card bills, start by paying the minimum on each card to keep them active and avoid late fees. Then, use any extra funds for essentials. If you can, transfer higher-interest balances to a card with a lower rate to save on interest over time. Debt consolidation is also worth exploring, or you could chat with a credit expert for tailored advice. You've got this! 🙂
Amazing information thank you for sharing.
You're welcome! Thank you so much for watching. 🥰
Good financial teaching...🎉
I have 3 credit cards. All almost maxed out. 60000ttd in debt
Yea. Gon take this one down thug. That CC getting paid down the same weather the rest of the bills are paid via CC or cash. Your best bet is to hide your card in the back of your sock drawer. Use debit card only while paying down. Live bare minimum to put more towards the principal every month. And stop chasing points/ cash back until you get yourself together💯
Paying down credit card debt while managing other bills can be tricky. Using a debit card can help with budgeting, but remember that building credit can also be essential for financial health. It's all about finding a balance that works for you. Appreciate the insight!
@Darren-C I actually prefer your theory as well! It just seems easier to make larger debit payments and cut cost on other expenses to pay off debt, but I'm sure things work differently for each individual! 🤨
What about the 21% interest added every month?
I'm confused? How do i pay the $2k up front?
Can the cc be used to pay auto loan & personal loan❓🤔😎
Thanks pretty lady. Very helpful 🎉🎉
This was helpful. I think if u don’t talk so fast it will be easier for some of us to understand.
How does this work for multiple credit cards?
I Got it! Thanks ❤
That's so interesting!!!
What about the interest on each credit card?! Please help!
❤ thank you so much this was very helpful
Yes but credit cards can’t pay credit bills so I see how this can work with some careful planning of what’s used with a credit verses cash payment and interest as well
I love the way you are explaining this! I never understood the idea of getting more cards & transferring balances when I am in debt regardless, but you are making it make sense...thank you!
I’m sorry I had repeat this video multiple times I couldn’t catch up with you talk so fast
I have a total of 17, 000 my credit usage is pretty high
Makes me confused about where the interest goes in the monthly computation. Enlighten me pls
Does this method work if the chargeable expenses are more than the payment made on the credit card?
So you are saying I should wait for my two bi-weekly salaries of for example $1500 in two weeks, and another $1500 in another two weeks and pay my credit card? But some utility payments need to be paid off midweek so if I wait until I have my monthly check I will miss making payments. So I don't get your concept. It makes more sense to pay half of my monthly net pay to my credit card and then wait until I get the next bi-weekly pay to do the same thing.
Thank you I appreciate the advice
Hmmmmm, very interesting. I'm going to try this...
Hi Noelle, How do you get other credit cards to pay down your credit card debt? Do you have any recommendation’s on which credit card company’s? What if you live on a low income? What do you do then?
Aren't you just revolving money in and out of the card, though? This didn't seem like it's actually paying it off, just making constant payments.
I do it and it works, it also keeps your bills paid. All of your bills.
It’s just getting by I’m already doing this and the freaking internets on these cards if not paying off the entire balance
This is great!
Thank you! 🥰
Wow great info thank you❤
You are so welcome
If the person is already paying off 400 a month towards the credit card, how would this help?