Velocity Banking Step By Step Pdf Free — //free\\ Download

Instead of letting your cash flow (income minus expenses) sit in a checking account earning negligible interest, you deposit your entire paycheck into the line of credit. This immediate "lump sum" reduction in the daily balance minimizes interest expenses on the line of credit. You then use that same line of credit to pay your monthly expenses, keeping the balance as low as possible for as long as possible.

You need a revolving credit tool. A HELOC is ideal due to lower interest rates, but a PLOC or a large-limit credit card can work. A credit score over 640 is usually required for a basic LOC, and 700+ for a first-lien HELOC. Step 3: "Dump" Income into the LOC velocity banking step by step pdf free download

Strictly controlling the line of credit balance. Velocity Banking Step-by-Step Implementation Instead of letting your cash flow (income minus