Using Velocity Banking to Payoff Multiple Credit Cards (No Line of Credit)

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Concepts Made Simple

Concepts Made Simple

2 ай бұрын

Velocity Banking to Payoff Multiple Credit Cards (No Line of Credit):
Many people who are struggling with credit card debt usually have more than one credit card that they are looking to pay off. As well, these individuals tend to have a harder time getting approved for financial offers such as 0% APR transfer offers and lines of credit. This leads to the question of how one can use velocity banking to pay off multiple credits without having access to things such as a line of credit.
In this video, we will explore using Velocity Banking to pay off multiple credit cards. Also, we will explore ways in which the strategy can be enhanced through other financial tools.
Please note that this video is intended for educational and entertainment purposes only and should not be considered financial advice. In presenting examples, we aim for accuracy, but please note that our channel does not guarantee their precision, acknowledging the possibility of errors.

Пікірлер: 4
@STOPTRUMPPROJECT2025
@STOPTRUMPPROJECT2025 Күн бұрын
This was a great video! Very well explained. My question has to do with paying the cards off. Are you just moving money around from one card to the other?
@DrFinancialLiteracy
@DrFinancialLiteracy Ай бұрын
Awesome
@tinacruz7517
@tinacruz7517 Ай бұрын
If you make that large payment want the cc drop your credit?
@russellhunter8460
@russellhunter8460 2 ай бұрын
Honesty use this method: Owed/monthly payment That will give you a number The one that is closer to 1 is the one you pay first, that one will be your biggest cash bleed and free you up the most. 1st would be cc 1 2nd cc2 3rd cc3 as its the Using the formula up above. The interest rate is not important using this method.
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