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Line Of Credit Explained (How To Utilize it Correctly)

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Description Line Of Credit Explained (How To Utilize it Correctly)

Comments Line Of Credit Explained (How To Utilize it Correctly)

Good info Comment from : @buckstophurr

You can use lines of credit to pay down debts faster Using the velocity banking system Comment from : @mrscorrea05

Thanks a lot man, really God bless you! I wasn't able to understand the explanation of TD Bank interest of line of credit, but with your explanation and a bill I calculate the interest! You really save me cause I really need to understand how to use it! Comment from : @victorlopez-jp9fo

Wait what do you need to do to keep a line of credit open? Like What if I dont want to use it i just want it there just in case but never touch it? will they charge for that or penalize me for that? Comment from : @dunamiswihmee

I literally just watched another video y’all said the same thing word for 😅 Comment from : @rxkilo

Very well explained and straight to the point 👍 Comment from : @Hexhabibi

Thank you This was really helpful! Comment from : @AndrewCooney33

Nice work, very helpful Comment from : @thomasturner3834

Amazing and educational video ! Thank you Comment from : @UntoldProject

Dude, you got a brain, down to earth,finally after months of wondering how on earth it workedThanks man Comment from : @DolandoKlassen

Short And Simple!!! brClear and Concise!!! brThank You Comment from : @Eva261

How do you make a $500/$1k profit by borrowing the $1k Comment from : @rhdadrian

Excellent video! Comment from : @shakeemalayne8090

Thank you for that well explained info !!! 👍🏽 Comment from : @sacalvetti

So if am into flipping cars would it make sense to use a line of credit to buy the car to resell or a loan? Comment from : @DewaveProductions

Great video Very helpful Comment from : @der21136

Thank you for explaining this Comment from : @Mamatee-j1j

Hey do you have a video on how to get a line of credit? Comment from : @LamaraLewis-v3g

Thanks Bro! I appreciate you for this heavy!!!! Comment from : @LofiAlienMusic

Bro this genius my light bulb just went off mad I aint been doing this crazy part a bank teller tried to put me on lines of credit but didn't explain it like how you did in a way I understood Comment from : @quirayrogers4210

Thanks for this video Comment from : @jdtalks8023

thank you Skye Comment from : @NovaTattooArt

Good video Good info Comment from : @mayoe1430

you are the first black american i see wearing african chain congrats Comment from : @trundra_ai

So i'm guessing jayz was right? Comment from : @hamishwilson9787

Or paying down higher interest like your mortgage Velocity banking to own shit Comment from : @Beyond_bank_notes

Huge gem 💎 Comment from : @DreDelamar

I was just wondering on a line Of credit What's the best place to put it to make a profit? And I live in Canada Comment from : @eric79765

An you please explain about their interest rate, prime rate or fixed rate They have to kind of rate on LOC static and changing? Comment from : @Rj-pd8jo

🤔 Comment from : @bizzyfit2128

i've always been in such an odd space because I have a ton of available credit, but i've never understood how it's calculated because i've never owed at the end of the month Comment from : @bobowon5450

Capital gains taxes🤔 Comment from : @OffCode

SkyeTV, I wish I had seen this video before making such a big mistake lately I used my own money when I did not have too😩😫 Comment from : @speakeasy911

love it! Comment from : @10times_better

Thank you very informative and straightforward I appreciate you not wasting my time no seriously 💪🏽💯💯 Comment from : @scootieandpablo3289

I need a reply fast, im planning on getting a car for $13,500 I am approved of $15,000 line of credit, the interest is 7, does the interest occur daily like you said? Comment from : @LegacyJust

I have written down every single thing on what u have said Thanks very much for the information If was really helpful and understandable ☺ Comment from : @Arshikaanwar

Is a line of credit a credit card?? Comment from : @Luisr777

Appreciate it bro very informational keep going 💪🏽 just hit the like and subscribe 💯 Comment from : @b3nt3n52

Appreciate the info just a question I just got a $2k line of credit, can I at any point "ask for a credit increase"? Comment from : @guillermovicente5998

Good video man Straight to the point Comment from : @salaschristopher

How do I use my line of credit for my daycare business to make more money Comment from : @karlov13

ok, but what are you doing to flip it? Comment from : @wesrundle6326

Do you know a good company to get a line of credit I’m in New Jersey Comment from : @MichaelMickeyWilliamsJr

Great video Comment from : @MichaelMickeyWilliamsJr

1:50 how u flip it to make extra cash? Comment from : @Samoan808

🤝really helpful Comment from : @Jay_beenlowkey1

Thanks brother 👍 Comment from : @elmexicanodelnorte5333

hey could you use a line of credit to pay for student loans? Comment from : @robyshaji3445

W video! Respects from Toronto Comment from : @jacksonnnnnn

credit utilization applies to this as well right? If I need 1k, should I apply for a credit limit of 4k to keep the utilization rate >25? Comment from : @hailey-lh2kd

Sorry I didn’t get it You pay 1008 dollars and get the extra profit from it? How does that work? Comment from : @acesy187

This is great! Thank you for explaining so simply! Comment from : @fortheSavior

How do you flip it though Comment from : @kristysmith858

Let’s say I get approved for 130k max how long do I pay it back and what would I be charged in 60 months Comment from : @G90M5Kel

Loved it! Simply explained Thank you so much! Comment from : @davidlawrenceloo4892

Great information Comment from : @shanefilm

Can you use it to buy real estate investment property? Comment from : @Heart4KidsNonProfit

Finally , no BS facts, clear and concise Thank you Comment from : @coldwarunicorns

Simple and very direct thank you for the knowledge brother!!👍 Comment from : @justinyang6675

This was good, appreciate you making it Comment from : @gaelepinchinat

Best explanation Comment from : @raymondgraves5714

Thank you! Excellent concise explaination👍 Comment from : @lovecatdog

Is it smart to move your car payment to a line of credit? Comment from : @kelseykramer1783

Question have major anxiety do I have to go to the bank teller or can I go to a machine and do the same thing Comment from : @user-hf9hp2nz5j

Business line of credit is even better Comment from : @kjahmbanso

What should I tell the bank whe they asked me why I need th LOC I told them I wanted to pay off debt and they told me they couldn't offer me a LOC please help! Comment from : @raizahernandez2655

This was soooooo helpful espeically the math breakdown partone confusion is: what are money making opps? Comment from : @NicolleMWhalen

awesome thank you! Comment from : @DramaWorks-p6s

Thanks for the great information Comment from : @kc9433

Good job Comment from : @michaelallen2655

So does it replensiy it's self Comment from : @ygbodybuilder3023

Simple and to the point Comment from : @katresealexander1311

Thanks man Informative Comment from : @kevs5104

I appreciate the info! Comment from : @PsychoticSashimiS

Thanks, Bro, that is very well explained Very informative, once approved for LOC how do you access the fund? Can you transfer the balance amount you want to borrow directly to your checking account? Comment from : @miloddino2234

What banks offer revolving lines of credit these days ( in a non credit card form) Comment from : @Robertgio

My question to you is when do you have to pay the interest everyday or every month? Also if i dont pay it everyday will i get a penalty, or late payment? Comment from : @julani00

Thanks for the easy explanation Comment from : @bjetTube

Hi! Thank you for the info What happens to the amount I don’t use? What If I got approved $5k, only used $1k (and paid it back) and I don’t want to use the extra 4k? Comment from : @ilaurasays

Excellent ❤❤ Comment from : @harsimransingh4924

Does it help build credit Comment from : @sunshine885

Excellent, Thank you Comment from : @themog6556

Yes sir! Comment from : @sdmugabe

This is a really great explanation Excellent!! Comment from : @managedbywhitney

👍 Comment from : @universaleezytv4274

Appreciated Comment from : @dragon106101

Great and simple video Thanks you for posting it will help with my financial decision Comment from : @kenbalram

Thanks for this Now on another topic- I need to buy a car- I have a very stable job and a large line of credit Should I finance a car or use the line of credit? Comment from : @seekingsoultribe

Thank you !!! Comment from : @queentee1111

This almost seems to good to be true But damn It also seems extremely smart Comment from : @ericchilton6863

Great information! Highly appreciated!! Comment from : @shleax3243

Excellent info Quick and to the point Thank you Comment from : @soleil777soleil

Thank you, you made that so easy to understand! Comment from : @breezej2412

Now you’re talking my language bro I’m gonna share this video Comment from : @GhostArtoriasExtra

Thanks man my bank just offered me a line of credit and I don't even know what to do with it Comment from : @lukethemaster69

Just remember people when using the line of credit The bank could ask for the money back in full at any time Just the FYI Comment from : @jabbacoola1

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