I have a $3500. PLOC and just changed all of my expenses to that bank. I got a checking account there and there is zero fee for connecting LOC as an overdraft to my checking! Im about ready to rock n roll starting Jan 1! My first paycheck will be direct deposited first of the year. PTL!
You are amazing. I’m a happily married man admiring your determination and using Godly principles to increase your financial health. Stay blessed and continue to help others escape financial slavery. 💕🤙🏾
Christy, I am 72 yrs old nurse, still working and desperately trying to get my life in order so I can retire. I already got my miracle (ruptured aneurysm in my brain while at work, not only survived against all odds,I did make it out of hospital with minimal complications. My neurosurgeon called me his miracle patient)After receiving that big of miracle, I don’t feel right asking for another. I am hoping your velocity banking might be way to help me out of huge credit card debt. I have been depressed since before pandemic and allowed my spending to get out of control. Also hope this will reteach me to live within my means
Man i just found you today. I love your content and am learning a lot. We are trying to save my daughters home from foreclosure. So learning how to pay things off faster is amazing timing
I'll be there in anticipation to LEARN even MORE than the POWERFUL things you've been teaching here, Kristi!! Thanks SO MUCH for the invite to Money Max.... I've been watching you consistently along with Money Max!! Merry Christmas blessings to you and all of yours!!!
Hello !! I'm late to the video how can i learn about MONEY MAX. I'm super excited. Im just getting started. Bad credit. Decent cash flow. Secured ccs. Im ready!
What if we don’t have a line of credit and don’t own a home? Is there a video for that? Love your videos!! Also, I hear you work work with people, is that an option?
You can’t do this… go back to her earlier videos. They really do explain it well. I started velocity banking in December 2023 with a $20,000 credit card and over $2000 owed to the IRS and I paid it off in December 2024 and that’s with unexpected expenses coming up. It really starts with knowing where your money is going. what I mean by that is knowing where every penny is going. I incorporated a budget and my debt tool was the credit card with the over $20,000 debt (maxed out) so you can do it.
I enjoy watching your videos, but to coward to apply your teaching to debts. Does this concept work with the Canadian banking system. Thank you , May God Bless you. Anna
My son & I signed up for the webinar, however the emails we were sent had "phishing scheme" & or "suspicious" warnings at the top, so we missed the class. I really wanted to do this, so hopefully we'll try again next time, and the emails can get cleared? TY
Depends what you mean by pay one CC with another CC. If you mean paying the monthly payment of one CC to another, the only way to do that is by having a linked CC. If you mean paying off an entire balance from one CC to pay off the entire balance on another, it would require a balance transfer/convenience check. Of course you want to have a 0% percent offer.
How does one pay off all their credit cards with the one high available credit card when they’ve been told they cannot pay off one credit card with another one! There’s fees with balance transfers!
You can't pay credit card with a credit card, unless you have a linked credit card. You have to bill match and pay from checking account. Hope this helps, have a great day.
Is there oversight on this example? At 7 minutes into the video you offer an example for a $6K PLOC. Would we first subtract a "chunk" of our debt the $4K first; then income, interest, and expenses? Thanks! I love doing Velocity banking. My bank won't allow me to make a "payment" on a PLOC that doesn't have a balance.
All my cc’s have have high balances and I need to buy a car. I have talked to loan officers at a few CU’s in WA who tell me I won’t get approved for a Heloc or Ploc 🙁 everyone wants to give me a loan though 😒 what if I did get a loan and then velocity bank’d the loan with my cc’s that would then be freed up? 😅
You absolutely can do that. I'm not saying this will go smoothly but you get the loan to pay off the credit cards. This does a couple things. It clears up your credit utilization, which can possibly help you qualify for a LOC, not right away though. You could possibly try getting a new CC with 0% interest and throw it at the loan. Just a thought, have a great day.
No, it's not the same thing. With that said, I'm pretty sure you could use it as overdraft protection if you have your checking and PLOC at the same bank/credit union. Have a great day.
I was in the webinar but unfortunately it booted me out right when Christy came back on to announce the winner 😂 Anyway I’m wondering, the webinar made it sound like the Money Max is a free tool. I’m hearing it’s not. I want to know ahead before I talk to some sales person. I don’t like being sold something. Been scammed before so I’m cautious. Please advise, thanks!
Depending on how you view things. If the bank lends you money and only ask for interest, then you can attack debts faster. Depending on interest rate of course.
Is there a way to do this if I won't qualify for a home equity line of credit? Finances are stretched right to the max so there's been some slow payments
Okay...I sure it's been said thousands of times....how would you pay off a credit card 5k using your 15k P-Loc with about 630 a month starting out.....Morning
Figure out debts, monthly expenses. Make a budget. Know your numbers. Every time you get paid pay credit card. All your expenses come out of cc. Leave your rent, mortgage in bank . Try not to impulse buy, watch sales, try to be mindful of your spending. You can do it. I try to live below my means a little but I'm determined to get out of debt.
@willm.8840 ok check your credit score on all 3 major credit reports and dispute anything wrong. Credit unions are much better than corporate banks. Many don't have a minimum balance in checking account. They just want direct deposit over 250.00. Then after established after 6 months depending on credit score apply for ploc, not personal loan. Make sure that credit union has that service before you open it. (Ploc) Good luck. And yes you pay off cc's. I chunked. Christy has videos of chunking.
@@naomivalle8450 This would be my approach. In almost all cases the PLOC has a lower interest rate than a credit card, I would do a balance transfer to the credit card. So take 2,000 from the PLOC and pay down the credit card by 2,000. This will leave 3,000 balance on credit card and 2,000 on PLOC. Now you begin to use the PLOC as your new checking account. Once the PLOC is paid off, do another 2,000 chunk payment. Rinse and repeat. Have a great day.
Just started velocity banking and just 3 months and can definitely tell its working. My question is,is it worth paying my car loan off, which is 2.99% and only 13 months left,with my peloc, which is 11% ?
Can’t you just put all your extra towards the principal each month on your car loan and get it paid off the same rate? I think it also depends on what year you are in your loan.. if it’s the beginning of your loan you can put it all towards principal If you are at the mid or end of your loan then you paid most of your I lnterest already since home and car loans all the interest is in the front of the loan
In your shoes I would just keep paying the car loan as is. If you have higher interest debt, I would move cash flow towards that debt. Another question is, do you want the cash flow gained by paying off the car loan. Do you really need the cash flow by paying the car off? Whatever your monthly payment is, is the cash flow you will gain. So, is the cash flow worth it to you? Hope this helps, have a great day.
I have a $3500. PLOC and just changed all of my expenses to that bank. I got a checking account there and there is zero fee for connecting LOC as an overdraft to my checking! Im about ready to rock n roll starting Jan 1! My first paycheck will be direct deposited first of the year. PTL!
You have completely changed the way I see credit cards and how I manage money. Thank you 🙏
I second this
Agreed!
Me too! I have hope now
You are amazing. I’m a happily married man admiring your determination and using Godly principles to increase your financial health. Stay blessed and continue to help others escape financial slavery. 💕🤙🏾
Christy, I am 72 yrs old nurse, still working and desperately trying to get my life in order so I can retire. I already got my miracle (ruptured aneurysm in my brain while at work, not only survived against all odds,I did make it out of hospital with minimal complications. My neurosurgeon called me his miracle patient)After receiving that big of miracle, I don’t feel right asking for another. I am hoping your velocity banking might be way to help me out of huge credit card debt. I have been depressed since before pandemic and allowed my spending to get out of control. Also hope this will reteach me to live within my means
Signed up and told my husband to come home early so he can watch it with me.
You REALLY need to write that book to reach millions more people. Thank you!
God bless you Christy 🙏 God is good and when we lean on him and listen to people like you, you can win. Amen.
Man i just found you today. I love your content and am learning a lot. We are trying to save my daughters home from foreclosure. So learning how to pay things off faster is amazing timing
I am watching to start the new year with new sense of velocity banking
You are the answer to my prayers! I always told myself “there has to be a different way of budgeting! I am so grateful 🙏🏾 thank u!
Good Morning,
Thank you for all you do. I’m listening and trusting you. 😊
Because of you, I now get excited to pay bills!
I'll be there in anticipation to LEARN even MORE than the POWERFUL things you've been teaching here, Kristi!! Thanks SO MUCH for the invite to Money Max.... I've been watching you consistently along with Money Max!!
Merry Christmas blessings to you and all of yours!!!
You’re a breath of fresh air
@gery GOD BLESS YOU!
Thank YOU 🙏🏽
Looking forward to this webinar!
And driving the Bus
🚌 ❤
I hear you. Thank you for your testimony and encouragement.
So excited about this webinar! Praying we can get going and see real change!!
I really needed that extra encouragement!!❤
Wow! That's absolutely amazing Christy! You're such a kind hearted and generous soul! God bless you and your Team!! 🤗
All of this information is mind blowing. THANK YOU!
Thank You for all you do, Christy!!! Your teachings are the answer to so many prayers!
Aaaaawwww , this is one of your most inspiring videos !! Thank you
have been watching and always excited to learn from your plans need help getting started
I’m Super encouraged for Me Too🥊
Thank you for your videos! God bless you! ❤
thank you so much, Christy! Your teachings have answered so many prayers XO
I wish you could go over my finances. I’m so desperate for your help ma’am. Please help me .
Been watching and implementing
She’s so pretty 😍
Hello Christy. Do you have any advice on how to get approved for a ploc after a chapter 7 ? Thank You In Advance Christy.
Say “NO!!” to LOANS!! 😮
Great information, thankyou
Hello !! I'm late to the video how can i learn about MONEY MAX. I'm super excited. Im just getting started. Bad credit. Decent cash flow. Secured ccs. Im ready!
What if we don’t have a line of credit and don’t own a home? Is there a video for that? Love your videos!! Also, I hear you work work with people, is that an option?
@jennoth Hiiii! You don’t need a line of credit with money max!
@ I’ve just started learning with you on here, so I’ll keep watching and trying to understand 😅🙏🏻
You can’t do this… go back to her earlier videos. They really do explain it well. I started velocity banking in December 2023 with a $20,000 credit card and over $2000 owed to the IRS and I paid it off in December 2024 and that’s with unexpected expenses coming up. It really starts with knowing where your money is going. what I mean by that is knowing where every penny is going. I incorporated a budget and my debt tool was the credit card with the over $20,000 debt (maxed out) so you can do it.
@@LaTanyaPlantinandDrinkin thank you!
I enjoy watching your videos, but to coward to apply your teaching to debts. Does this concept work with the Canadian banking system. Thank you , May God Bless you. Anna
Thank you ❤
My son & I signed up for the webinar, however the emails we were sent had "phishing scheme" & or "suspicious" warnings at the top, so we missed the class. I really wanted to do this, so hopefully we'll try again next time, and the emails can get cleared? TY
that Karls calculator made me see. Interest would be 10K for 1 year of a mortgage. Absolutely insane.
Hi thanks for the great work. I have a question. Which is the best bank to get a ploc?
How do you pay one credit card with another?
You can’t 😢
Ugh
Depends what you mean by pay one CC with another CC. If you mean paying the monthly payment of one CC to another, the only way to do that is by having a linked CC. If you mean paying off an entire balance from one CC to pay off the entire balance on another, it would require a balance transfer/convenience check. Of course you want to have a 0% percent offer.
@@michaelmcknight5057 so the answer is still no. You can transfer the balance but not pay it with another card.
I don’t qualify for Heloc, but I do have Wells Fargo checking linked to a visa that I cleared out to use…
Is the money max going to be recorded?So we can listen to it over and over so we can get the idea and get the program.How much is the program
How does one pay off all their credit cards with the one high available credit card when they’ve been told they cannot pay off one credit card with another one! There’s fees with balance transfers!
You can't pay credit card with a credit card, unless you have a linked credit card. You have to bill match and pay from checking account. Hope this helps, have a great day.
@Jesus-o7v9x I have no idea what that is! Can you explain how to do that process?
The whole idea is to pay off everything as quick as possible. Fees don’t matter as long as you pay it off quick.
Don’t you have to pay back the PLOC or HELOC at the end of the term? Can someone explain thy😊
What do you mean when you say "we put the credit card debt into a line of credit"? How do you do that?
Can you post the link again so I can register?
moneymaxguy.com/webinar-reg1a
I am unable to get a PLOC. How can I get out of Debt?
Is there oversight on this example? At 7 minutes into the video you offer an example for a $6K PLOC. Would we first subtract a "chunk" of our debt the $4K first; then income, interest, and expenses? Thanks! I love doing Velocity banking. My bank won't allow me to make a "payment" on a PLOC that doesn't have a balance.
All my cc’s have have high balances and I need to buy a car. I have talked to loan officers at a few CU’s in WA who tell me I won’t get approved for a Heloc or Ploc 🙁 everyone wants to give me a loan though 😒 what if I did get a loan and then velocity bank’d the loan with my cc’s that would then be freed up? 😅
You absolutely can do that. I'm not saying this will go smoothly but you get the loan to pay off the credit cards. This does a couple things. It clears up your credit utilization, which can possibly help you qualify for a LOC, not right away though. You could possibly try getting a new CC with 0% interest and throw it at the loan. Just a thought, have a great day.
Wheres the link to velocity banking?
Thank you! And to get a line of credit-would this be the same as an overdraft?
No, it's not the same thing. With that said, I'm pretty sure you could use it as overdraft protection if you have your checking and PLOC at the same bank/credit union. Have a great day.
10 monthe
I was in the webinar but unfortunately it booted me out right when Christy came back on to announce the winner 😂
Anyway I’m wondering, the webinar made it sound like the Money Max is a free tool. I’m hearing it’s not. I want to know ahead before I talk to some sales person. I don’t like being sold something. Been scammed before so I’m cautious. Please advise, thanks!
My bank charges all interest for the first five years of their helioc, then payments go to principal. Doesn’t seem like a good idea.
Depending on how you view things. If the bank lends you money and only ask for interest, then you can attack debts faster. Depending on interest rate of course.
Is there a way to do this if I won't qualify for a home equity line of credit? Finances are stretched right to the max so there's been some slow payments
Hi the link to make your online e-commerce business isn’t working? Do you know how to help sell things on or start an at home business??
Anyone know which institutions to go to for a PLOC, or HELOC?
Local credit unions for both.
You have to make sure that your debt to income ratio is not too high. Or you will not qualify.
@@billyray007452 thank you!
@@lydiasalinas5106 thank you!
Okay...I sure it's been said thousands of times....how would you pay off a credit card 5k using your 15k P-Loc with about 630 a month starting out.....Morning
Figure out debts, monthly expenses. Make a budget. Know your numbers.
Every time you get paid pay credit card. All your expenses come out of cc. Leave your rent, mortgage in bank . Try not to impulse buy, watch sales, try to be mindful of your spending.
You can do it.
I try to live below my means a little but I'm determined to get out of debt.
@hangemhigh3578 thanks...I don't have the P-Loc yet was wondering could it be used in paying down or off your cc...and how would you use it like that
@willm.8840 ok check your credit score on all 3 major credit reports and dispute anything wrong.
Credit unions are much better than corporate banks. Many don't have a minimum balance in checking account. They just want direct deposit over 250.00.
Then after established after 6 months depending on credit score apply for ploc, not personal loan. Make sure that credit union has that service before you open it. (Ploc)
Good luck. And yes you pay off cc's. I chunked. Christy has videos of chunking.
What could my son do if he has a $5000 credit card and only receive a $2500 loc?
Is the balance on the credit card 5K or is that the credit limit.
the balance of the credit card is $5000.00
@@naomivalle8450 This would be my approach. In almost all cases the PLOC has a lower interest rate than a credit card, I would do a balance transfer to the credit card. So take 2,000 from the PLOC and pay down the credit card by 2,000. This will leave 3,000 balance on credit card and 2,000 on PLOC. Now you begin to use the PLOC as your new checking account. Once the PLOC is paid off, do another 2,000 chunk payment. Rinse and repeat. Have a great day.
Just started velocity banking and just 3 months and can definitely tell its working. My question is,is it worth paying my car loan off, which is 2.99% and only 13 months left,with my peloc, which is 11% ?
You would still save on interest because car loans are amortized, and plocs are revolving
Can’t you just put all your extra towards the principal each month on your car loan and get it paid off the same rate?
I think it also depends on what year you are in your loan.. if it’s the beginning of your loan you can put it all towards principal
If you are at the mid or end of your loan then you paid most of your I lnterest already since home and car loans all the interest is in the front of the loan
Yeah,I'm at the end of the loan so most of the interest has already been paid, that's the reason I couldn't tell if it would even be worth it
In your shoes I would just keep paying the car loan as is. If you have higher interest debt, I would move cash flow towards that debt. Another question is, do you want the cash flow gained by paying off the car loan. Do you really need the cash flow by paying the car off? Whatever your monthly payment is, is the cash flow you will gain. So, is the cash flow worth it to you? Hope this helps, have a great day.