How to pay credit card balance with ZERO additional income
- Thread starter Hey Julian!
- Start date
No you eyes spread apart,
Sloped head remedial ass nigga. She said “How to pay down debt without using any of money from your personal account”
Bruh, you only pay interest on new charges…..the old charges you already paid the interest on.
Carry on……
The credit card companys' algorithms would pick up on this and throw a monkey wrench in your plans by cutting your limit and or raising your interest rate. They're in it to maximize their returns. They've seen all these little shell games and invented lots of them. If they can't catch you holding a balance for an extended period its just not worth it to them so they'll drop you and fish for a new sucker.
What? Lol
I worked in management of a large bank so I have a little insight. They make most of their money from fees and have for a long time. If you're not carrying a significant balance and have no deposits or other profitable relationship with them they'll often manufacture a reason to change the terms of your CC account to make it more profitable. Your options are to accept the new terms or pay the balance off. They track all of everyone's transactions and use that macro data to structure their account terms and conditions. Don't think its beyond them to squeeze you like that when they sense you're trying to ween yourself from revolving CC debt. They're sharks and know financial slight of hand when they see it.
If you ever owned a business and did book keeping for it, you would probably understand what she is doing.
When you make a payment to a credit card, it is “transfer” and not an “expense”. If you were to look at her balance sheet it would show as positive because of this.
She is just using an accounting ledger to reduce her debt while showing a positive cash flow
When you make a payment to a credit card, it is “transfer” and not an “expense”. If you were to look at her balance sheet it would show as positive because of this.
She is just using an accounting ledger to reduce her debt while showing a positive cash flow
I have 750k points and fly everywhere for free. And TSA and Premier lounge. Can use the points on Amazon too.
I really dont pay much attention to folks who drop videos like these, cause most of them start with the principal of discipline, which if you had you wouldn't need the catch up. Life does happen but most of the time its poor financial habits, including spending too much and not making enough. THEN we can talk CC hacks etc.
Im still forever trying to figure out how to pay my car note and mortgage some how with my CC lol.
BRO!!!!! You and me both!!!!!!!!!! LOL
Trust and believe I have tried! lol
The amount of points I would get. I literally use my CC for EVERYTHING and Pay the balance off before that statement date.....
Her $3000 model is flawed though because like I said earlier this won't work if she isn't getting that $3000 on one paycheck but $ around $725 a week instead. She's basing her math on that $2000 lump sum payment to the credit card company that will cover the cc payment and bring balance down $2000 and then lower the interest rate, etc.. she won't be able to do that having to save up the paycheck over 30 days
I remember for the first time as a young adult, hearing how this lady
always paid her credit card bill on time, for years, and the credit card
company just cut her off.....
I know how to take advantage of the suckers game they try to catch you in,
first I run up my credit card to a balance I can handle, leave it like that for
a couple of months, THEN pay the whole thing off.
and barely use my credit card for a month..
bruh they up my shit five hundred, next time was a thousand, next time
was ten geez...
they really think they could fuck you wit that min balance bullshit...
they hope you just pay off your min balance for years... to the point
you just payin off the interest...
just ass scammy as the fuckin payday loan bullshit...
SAME.
Ive tried the money order situation, gift car, I just cant find the loophole. I use it to pay for EVERYTHING. A stick of gum, cell, electric, my retail shop rent.
Yea I pay my bill every couple of days.
NEVER paid interest.
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