STOP THE STRUGGLE. Learning To Pay Off Debt The Right Way.❤️

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26 июл 2024

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Комментарии : 422

@JulindaLeDee 7 месяцев назад

I paid off 3 credit cards from your valuable advice. 4 more to go!

@victoriaalgra3675 3 месяца назад

Wow! 🤩

@monicanithyanishkrodhanand3338 Месяц назад

You my dear, have changed my life with your channel, tears of gratitude, I actually feel a glimmer of hope from the deep dark tunnel of CC debt 🥰

@VanntasticFinances Месяц назад

@monicanithyanishkrodha SO HAPPY FOR YOU!

@rogerwilco59 4 месяца назад

I'm hooked; line up my debts on a spreadsheet; look for a bank or credit union that will give me a PLOC; move my income to the PLOC!!!

@LightningLeif День назад

How do you move the income and expenses in?

@londonkhareem6515 4 месяца назад

Ma’am thank you on behalf of all of us who’ve benefited from your immaculate teachings. Thank you, thank you, thank you.

@Mark32115 9 месяцев назад

Always great to see and hear from you! ❤

@kimbrooks2868 6 месяцев назад

I'm so blessed that The Most High led me to you!

@Brazen_knight Месяц назад

Likewise, people like these truly should be push in the algorithm of RU-vid. This lady is a blessing!

@johnnieeppright2676 9 месяцев назад

I have watched so many of your videos and I am going to start velocity banking starting in Nov 2023. I have shared this with some of my family members, but they are not willing to try until they see if I succeed. Thank you for sharing this valuable information! I can't seem to find the words to express how appreciative I am. So, all I can say is Thank you!!!! Keep the videos coming. I have already applied for a LOC and they didn't give me what I wanted, but I'm not discouraged. I decided to use one of my credit cards as my line of credit.

@clairedaniels1877 3 месяца назад

How has it been working for you? I just discovered this method.

@Shepherdmom 3 месяца назад

Its April 2024 how's it going?

@bobball3645 9 месяцев назад

Thanks again. It makes such good sense! God Bless You!

@sosuzguy 6 месяцев назад

Amazing advice, perfect! Thank you!

@NovaDoll 9 месяцев назад

Wow. I remember when you had 2k followers and now I see you are over 100k. Amazing!

@make725daily1 9 месяцев назад

Your commitment sparks transformation! 🌪 -- "The clock is irrelevant on the quest for dreams-persevere.."

@optikarm 9 месяцев назад

You're a blessing

@joannajackson8222 7 месяцев назад

Thank you so much for your invaluable tips for lowering debt. I stumbled across one of your videos today, and I am so glad I did. I watched several more, and now I am addicted. Right now my credit score is too low to get a PLOC, but I will be working on bringing them down enough to increase my score so that I can get a PLOC to pay them off along with my personal loan, school loan, and medical bills. I subscribed to your channel and look forward to watching more of your videos in the future. Again, thank you!

@jasongarrettgibson4049 8 месяцев назад

Thank you!

@jaybub3442 8 месяцев назад

Thank you so much ❤

@fountainmedia4683 9 месяцев назад

Oh wow, this is incredible! I'm going to use this exact pay off debt model to pay off my CC's as well. Thank you so much. New sub here, YEE HAW!

@traciesmith9336 23 дня назад

This woman is so amazing, Van I need you.

@erinstout4484 4 месяца назад

Thank you so much

@TT3TT3 4 месяца назад

Thanks!

@HackMasterBlaster 9 месяцев назад

This requires financial discipline which most people in high amounts of debt don’t have. If they had it they wouldn’t be in it in the first place. With that said I’m going to try it.

@irismartinez5753 8 месяцев назад

Not always, I was married my ex took me to the cleaners, and now I am left with all the debt. He should be helping and he hasn't. I know that is an excuse, but it's my reality.

@iamOAKland 4 месяца назад

so are u saying your one of the ones without discipline?

@HackMasterBlaster 4 месяца назад

@@iamOAKland I definitely am. That’s why I’m watching these videos to begin with.

@glebb215 9 месяцев назад

Thanks 👍🏾

@nancysmith9487 9 месяцев назад

Thank you for your caring.

@VanntasticFinances 9 месяцев назад

My pleasure

@eddymora1 4 месяца назад

I just started following your advise and we are super happy to tell you we started clearing credit cards and store cards. We just knocked off 3 so far. 3 more to go and finances looking good. Next we will go for our mortgage. Thank you for all your awesome work.

@rdoran2836 4 месяца назад

This is awesome! People need to try this to prove to themselves that it works. It IS working for me too!!! I read SO MANY negative comments from people that do not understand the concept.

@eddymora1 4 месяца назад

For many years we have lived under the lie that we cannot afford many things because we lived paycheck to paycheck. I’m already considering new things, like a new car and lessons for our girls and more. I wish I had learned this sooner, but it is not too late. Her principles are definitely working for us. Like you said, once people try it , the system proves itself. I am happy for you too.

@jadevu904 3 месяца назад

Thank you for sharing this great technique, the reality is when you owe some much in credit card you have low chance of getting a line of credit. I think this is a great strategy to buy more time to conquer this.This can happen!

@gabrielespinoza5328 Месяц назад

Love your channel!!!!!!!!!!!!!!!!!!!!!!

@VanntasticFinances 29 дней назад

@gabrielespinoza5328 THANK YOU!!!!!!!!!!

@brownsugah93 7 дней назад

THIS WAS SO HELPFUL. IDK whyyyy I didn't know or do this before gyaaaaah-damn smh!!

@cynthiamerryman4422 9 месяцев назад

You look great in green!! 😊

@FrankCampbell-pv3vl Месяц назад

Thank You

@JJ-gr7th 9 месяцев назад

I got lost, will watch it again

@signedelacroix7213 9 месяцев назад

Would be nice you make a excel spreadsheet of your mortgage thing so we can run our own numbers.

@JH-hc5dv 9 месяцев назад

Even charge for the spreadsheet...I would buy it.

@GGVanilla 5 месяцев назад

I just realized I wasn't subscribed! I kept missing your recent videos and not knowing why. LOL! Anyway, new subscriber, old time watcher :D

@VanntasticFinances 5 месяцев назад

Thank you!

@portiagladney397 8 месяцев назад

You are an angel!!! Thank you so much for sharing this. ❤

@Walter-Almaraz 9 месяцев назад

That is amazing , i will be in contact with you

@charlesbenjamin9048 9 месяцев назад

Came across this this morning. It makes sense but trying to figure out how I could work this in my situation without having a freed up LOC or CC.

@iyishavictorine6541 Месяц назад

OK...OKAY...okkkkk this might actually be something I need to try

@mamat792 9 месяцев назад

Love to see this one again explained in more detail. Can this work if you owe 10K and cc rate is less than 10%? Please give us another example. Thank you!

@jameilaevans8536 5 месяцев назад

I could really use your help......

@andydanny2419 9 месяцев назад

You are super mega awesome ultra gale 😊

@crwilliamsgupton 3 дня назад

I’ve been using your methods and I’ve gone from $39,000 worth of debt last June. Now I’m at around $15,000. I may be in a position now to get a line of credit, how and where do I get one please? I thank Jesus for you everytime I watch your videos. I was ready to go under before I found you

@teamplayer9183 9 месяцев назад

3 major brackets to help understand: one …a lower interest rate is what you searching for .( line of credit ..around 11%) two…satisfy the idea that if you spend the money from your savings to pay of debt immediately you might not have it available for emergency .by using the line of credit to pay off your credit cards you free up the credit for emergencies and keep your savings which satisfies your emergency plan.thirdly this is all about choosing a point to stop increasing your savings by adding to it .and then begin using only your most current cash flow to create a scenario in which you only begin reducing your debt with your monthly income. Not involving your savings but only using what you make at that moment monthly. Low interest rates and positive cash flow planning

@schukerD 9 месяцев назад

Low score or not there are places that can repair your bad reports and approve youforloans, you just got to have the right info thats all. Knowledge is key

@ZobeidaHanderhan 9 месяцев назад

@@schukerD Oh really? Where? whats their name please thanks

@schukerD 9 месяцев назад

@@ZobeidaHanderhan CREDIT ----- MIRAGE.

@ZobeidaHanderhan 9 месяцев назад

@@schukerD I think I heard of them before. Thanks I appreciate it

@samsmom400 5 месяцев назад

Please help me. I have very good credit and I'm like this fella with 4 CCs. What does LOC mean? I don't understand how to consolidate all my CCs. I don't understand acronyms or bank lingo. I've been putting my paycheck into one CC, but how do I get them all in one? Please help. Thank you so much.

@myway2653 4 месяца назад

Just thinking about this

@ze_german2921 6 месяцев назад

You should do a comparison, pain and extra 3 to 4000 a month towards principal versus lump sum, spread out an equal amount of time and show the difference. Also large sums like 100 K versus 20 K chunks.

@heatherhanson7245 9 месяцев назад

It's back now. I restarted the video.

@SunnnySkies 9 месяцев назад

I can’t a find a bank that does lines of credit. The only one I have is with Navy Fed for only $3000

@amandaleigh6052 9 месяцев назад

What if you don't have a line of credit to work off of

@eddymora1 4 месяца назад

If you don’t have a line a credit you could try what we are doing, use a credit card with a higher open balance and use it as a line of credit. Once you eliminate the credit balances then your credit score will be better and then if you wish you could get a line of credit.

@Peaceonearthrn 8 месяцев назад

I wish a full picture of that board was available

@stoveguy2133 8 месяцев назад

I got a raise to $2k/week and paid off $30k credit cards in 1 yr and put 20k in my emergency fund.

@VanntasticFinances 8 месяцев назад

@stoveguy2133 Excellent!

@Sofapati 4 месяца назад

Im just scared of putting all my income in the credit line and then not be able to use it!! Fear of letting it go!!

@shellynorris5354 4 месяца назад

with a ploc and heloc loan they give you a credit card and checks to use for expenses

@eungeran07 3 месяца назад

I can just transfer funds in and out online its super easy

@mkq4357 3 месяца назад

True.My bank almost cancelled all my credit cards but I had some credit cards,that did not show up on my credit report, the ones with 0 balance that I could use.When traveling for work,it is not convenient not to have credit cards in my possession,plus being a homeowner,there is always other expenses with repairs.

@cryptoconfused3400 8 месяцев назад

Vann can you do an example for us in the uk?

@jrobinson1244 7 месяцев назад

I lost on adding your income into the line of credit, and maintaining your cash expenses

@GodsSagittariusAngel 8 месяцев назад

HELP!! 🙏🏻 I Need to do this NOW! But not sure how to get started? Please advise me how I can proceed forward?

@Moochers 3 месяца назад

I used your same numbers except I did thinks a little differently. First I did method 1 where I did a standard payment schedule where you pay the minimums then add the chase glow to pay the overall debt. I didn’t see your apy on cc so I went with 25%. Then I did a second sim where I did everything the same except I consolidated the whole cc debt into one PLOC. Both were paid off in exactly 9 months but on the LOC I paid $739 and on the standard I paid $1638 in interest. Obviously, the loc is lower in interest than the CC in this example. In other words. The only difference, the reason why this works is because of the lower APY. Don’t see the point of going through the hassle when you could get a balance transfer which is much lower. Doing it with a 3% balance transfer fee, you’d blah it off in 9 months too but with only $476 dollars in fees

@jasoninreddeer8537 3 месяца назад

I am curious where the $2,715 Expenses and $1,545 Cash Flow factor in with all this?

@jeremydonnelly7910 9 месяцев назад

Been playing the 0% game for the past several years. Any recommendations on utilizing this approach to pay under 10k in credit debt?

@aprilwelsh9796 9 месяцев назад

My focus score is at 6:10 right now which only has to do with my credit card balance is being high so I don’t know how to get my focus score up so that I can get approved for a line of credit ideas. Thank you.

@mariadouglas1980 9 месяцев назад

So, what you want to do is look at all your bills and see which ones will allow you to pay using a debit/credit card. Think phone bill, utilities, streaming services you already have, or cable. Add those bills up. Then set them up for autopay with your credit card. Then, when you get paid, transfer that total amount( of the bills you just set up autopay) to that credit card. Of you need to split it between 2 checks, do that, but make sure you are transferring enough to cover the autopay bills that will come out before your next check, AS WELL AS THE MINIMUM PAYMENT. Then keep doing this, each time you get paid. Once you've paid down that credit card, move on to the next one.

@Lincoln1985 6 месяцев назад

Wow

@triciapjones 9 месяцев назад

Do you have content that tells you how to get a line of credit? Not HELOC or even maybe both options?

@VanntasticFinances 8 месяцев назад

@triciapjones Yes, look under PLAYLIST. Thanks for watching

@isaacmor1248 9 месяцев назад

What do you think of debt consolidation, closing accounts with low or no interest? I've done it once before and it worked out. I fell into the same trap again.

@gobartosan5768 9 месяцев назад

Hey! Love your LOC banking concept! I have one concern though and that is doesnt the high utilization from your LOC just devastate your credit score?

@brodyparker2547 9 месяцев назад

I think it depends on how long your balance stays above 70%

@Bamapride1985 8 месяцев назад

Having the 4 maxed out credit cards already is hurting his credit in this example. You may have a month that the balances on the credit cards are still showing their high balance and the loc reports, but then once those balances report 0 to update, the score will be similar to original credit score minus a few points for the new line of credit being opened. If not looking to utilize the score for a new loan, then it can tank and then couple months later be even higher than it was since not maxed out multiple credit cards

@QValpo 9 месяцев назад

Does it make sense to use an 10 year seasoned maxed loan IBC policy the same way as a PLOC? It doesn’t require a payment so no cash flow gain so I wasn’t sure..

@Gray_Day_Flower_Farm 8 месяцев назад

So does the line of credit give you checks to pay the mtg and other things that don’t take credit cards or can you do online bill pay from the LOC?

@jmiller967 9 месяцев назад

Unfortunately, NFCU isnt very assisting with lines of credit. They are basically “emergency funds”. As a non active service member, the most you can qualify for is $3K. 5K if you’re currently an active military service member. They kind of barricade you into a debt consolidation loan. What choices would i have, besides another bank?

@michaelarballo196 7 месяцев назад

Dido

@hectorjaviersanchez9389 9 месяцев назад

What if I can't get approved for a Line of credit but I've room in my other credit cards? Can u suggest me an example? Thanks in advance H.

@DirtyInvestor87 9 месяцев назад

I love u on saturday nite live

@ameliajimenez3656 9 месяцев назад

Hi Christy! What should we say when the bank person asks why we want a PLOC? Is there a "correct" answer. Asking because in the past I've been asked what I needed the money for when taking out a loan. Thanks!

@jayframes4967 9 месяцев назад

My bank offered me a PLOC, and filled out the form, and under "Purpose of Loan" They wrote: Future Needs! So maybe try that

@idalmycastro5323 9 месяцев назад

De problem is when we can get a line of credit, and I believe that happens very often. I would like to see the same example without a line of credit and 3 o 4 more credit cards. We need to learn how to move those numbers without a line of credit . I am trying to pay one o 2, then pay one o 2 more. We need the strategy, but from this situation ,no line of credit. Thanks.

@tobydobo4080 9 месяцев назад

Plenty of videos on this channel demonstrating that exact thing.

@SkyyWalk21 9 месяцев назад

Search her videos for your answer

@JH-hc5dv 9 месяцев назад

I believe when she says "get a line of credit" she is strictly referring to anyone who has a house/property that has enough equity in it so the person can present any bank with such scenario and ask for a Heloc/Line Of Credit. Correct?

@VanntasticFinances 8 месяцев назад

@JH-hc5dv No. A HELOC needs a home, but a PLOC is unsecured

@emmanuelibus 9 месяцев назад

Any advice on getting rid of a $5k personal line of credit with zero cashflow?

@dreamweaver5323 9 месяцев назад

Just getting started. I refinanced due to an ARM last year and used some equity to purchase a house to rent out. I’m working my credit cards down using your method plus any bonus/overtime $. I have the rental house title. I was thinking of using it for a HELOC to work down my mortgage. Would you suggest something different?

@VanntasticFinances 9 месяцев назад

Some banks may allow a HELOC on a rental property. Sounds like a good plan! Good luck!

@edwinvillalobos3126 8 месяцев назад

What if you can't open a line of credit?

@llr1961 9 месяцев назад

I’m still not sure if I should use my credit card as if it were a line of credit.

@castroperez1823 9 месяцев назад

I added more positions to my investment portfolio. Still amazed at how I managed to increase my financial situation to six figures, I feel very satisfied. The joy you feel knowing that you will never run out of money.

@yveslavigne6183 9 месяцев назад

The joy you feel knowing that you will never run out of money again must be incredible, I hope to experience that one day. Would you mind sharing how you achieved this?

@castroperez1823 9 месяцев назад

Working with a professional/mentor who has in-depth knowledge of the market is the best way to achieve success. I made my first 500,000. investments in currencies and stocks after investing 50,000 with the help of a professional in this field. That's why I work with ~Teresa Lynn Hansen.~~

@howeross336 9 месяцев назад

I completely agree, emotions like fear and greed are problems for most people who try to invest on their own and end up losing their capital. Can I invest with your Trader?

@castroperez1823 9 месяцев назад

Yes, look her up.

@howeross336 9 месяцев назад

I found her ! I looked her up online, thanks.

@harryspath652 9 месяцев назад

Do you have a book or someway I can look at this and get it down so I understand it better

@Gina-cx5lv 9 месяцев назад

How do you get a “line of credit”? What is it?

@leshunnmcleod5306 7 месяцев назад

My credit cards, credit, income, and expenses are similar to this. The only difference is that instead of rent, I have car payments. Is it possible to use velocity banking?

@IllusiveMan343 9 месяцев назад

Is there a spreadsheet?

@mustangcobra187 5 месяцев назад

Which are the recommended companies to look for a line of credit?

@lagrant3914 7 месяцев назад

Would this work with a square card processor instead of plastiq? Thanks

@406janderson 5 месяцев назад

what if you dont have any income left over and your in the negative what should you do?

@nessfittraining9679 9 месяцев назад

What type of LOC is that, because personal loans aren’t revolving and credit cards can’t pay rent payments so this is where I’m confused.

@truetoSAGEE 8 месяцев назад

I can usually keep up with these videos. But I’m a little confused on this one. Mainly because in the demo, the living expenses ($1850) are only shown as being deducted after the income is applied each month. What about the other expenses shown ($2715). Are those not being paid within the LOC on a monthly basis also?

@SHOSport 7 месяцев назад

I have this question also.. nothing on-screen adds up to $2,715, and it's not being spoken of. @Christy, if you take all of the $4,260 income, what happens with the $2,715?

@jeremydonnelly7910 9 месяцев назад

What about the those of us with less than the video income?

@orlandomolina3722 3 месяца назад

What if your credit is so low that you can't get a Line of Credit? How can you pay those credit cards?

@HJ25367 8 месяцев назад

Can this concept be used in paying off a credit card directly when a person doesn’t qualify for a LOC?

@ChernobieffPiano 4 месяца назад

is there a video with a simple and basic explanation of the idea here?

@Red-brickstudio 9 месяцев назад

I don't use window do you have a worksheet for google docs?

@righttolearnrighttolearn2668 9 месяцев назад

Hi teacher I have doubt (cansignment account) topic related how can I solve my queries with you??..

@sherylarnhart916 6 месяцев назад

Hi there! Newbie here. Im not understanding how he can put the entire $4,260.00 towards his PLOC each month if he has rent for $1,175.00? Is he able to pay his rent from the PLOC? Also, i have done 0% interest balance transfers on 3 of my 4 credit cards. Should i not include those in a PLOC until they near the end of their 0% period? I'm loving the VB concept, wanting to get started. Thanks to anyone that can help me out. ❤

@itsbecauseofjesus 7 месяцев назад

How can I go about getting a line of credit?

@manuelpereira5925 7 месяцев назад

How can I do that in uk , and what is a line of credit can I open one on UK . Please I really need help .

@jackbenny9000 8 месяцев назад

Where are you getting your line of credit?

@bwiseafricam 2 месяца назад

Great info. I havent worked since 2020 to an illness. I have zero income and huge credit card debt. Is bankruptcy best?

@bghanyard 9 месяцев назад

what if you tried to get a line of credit with a credit score of 710 and was turned down because of dtr being too high

@joerosales1114 7 месяцев назад

I need to get my debt down and I ran into your video here and I don't understand it. How can he put all his income into the LOC? he still has his everyday living expenses.

@itsbecauseofjesus 7 месяцев назад

How did you get $150 for the fist interest rate? Can you go over that a bit more

@DorindaTeckam 3 месяца назад

would like to talk to someone about our debt..

@rn6542 8 месяцев назад

Is a line of credit the same as a credit card? If it’s not, how or where do I get one?

@editname3145 9 месяцев назад

To put the income into the credit card has to be before the due payment or any date?

@michaelalford7006 4 месяца назад

I get lost at the same point in many of these videos, and I would appreciate if someone could explain to me what I am missing. If this hypothetical guy pays 15K on his credit card with the LOC, and then turns around and pays the LOC with his entire income ($4,260) with what does he pay his bills?

@notguerrero 2 месяца назад

5:15 With the LOC.

@jennm5675 2 месяца назад

The best way to do it is pretend the LOC is your checking account. You're paying off the credit with your income but since it's credit and not a loan, the money is available.

@jennm5675 2 месяца назад

When you put in the income as then the next step is to pay your expenses, that's when you pay your bills. Pay it with the LOC account. Sometimes with a CC you can't pay things like a mortgage so you have to leave that out and pay with your regular checking account. But an LOC acts like cash/checking account. It's usually linked to your bank. Hope this helps ❤

@michaelalford7006 2 месяца назад

@@jennm5675 Thank you