Using Velocity Banking to Payoff Multiple Credit Cards (No Line of Credit)
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- čas přidán 3. 06. 2024
- 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.
Awesome
If you make that large payment want the cc drop your credit?
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.