how to pay off a credit card with zero cash flow stay tuned because this works in this episode I'm going to break down for you exactly how anybody can pay off their credit cards or pay off a credit card with absolutely no cash flow like you can have your income and your expenses be exactly the same and I will show you how to pay off your credit card and how to even create Savings in a sense by doing this you can actually even start increasing your credit score doing this let's go Noel yeah she can fix that you got to get it done you need to do it better well she can fix that yeah she can fix that investment to get back trying to get a big stack she can fix that let's fix that this is a very simple technique so many people feel like oh my gosh I have uh no money because I make $3,000 per month and all of my bills equal $3,000 per month and I have this credit card I'll never be able to pay off this credit card because I don't have any extra income to pay this CR credit card down well I'm going to show you how you can pay your credit cards down while you don't actually need more income even though you probably should start working on more income we'll talk about that a little bit later but I'm going to break down and show you the exact way to pay off your credit card a credit card that's completely maxed out a card where when you don't have any extra money I'm going to show you how to pay this off okay so let's get into it so the first thing that I want you to know is if you have bad credit please reach out to my friends at creative Credit Solutions there is a link below they have been helping so many people for so many years fix these bad credit situations this this is not credit repair it is truly credit Restorations my friends at creative Credit Solutions help me fix my credit the owner of the company Justin merch we have been friends for many years they've helped so many of my students so if you have bad credit please reach out to them they have a free consultation they can help you out even if they can't help you they will give you some tips and tricks on things that you can do to fix your situation because having good credit will unlock lower interest rates more money for you and so many opport unities so get that credit fixed and use the link below for your free consultation all right let's go so in this example as I've stated we have a credit card with a $110,000 limit and a $10,000 balance and in this example we're going to just assume that you have a $3,000 income and your expenses are $33,000 therefore you don't really have much money to you know pay down this credit card because you don't have any extra cash flow well this is a way that you can do this it is similar to Velocity banking you can actually do this with a credit card I'm going to show you how and I'm going to show you how this works and I'm even going to give you if you stay to the end some ways to actually increase that income and potentially even transfer all of that personal debt somewhere else so that it's not reporting on your personal credit report all right let's get into this part though so like I said let's just assume you have this credit card $10,000 limit $110,000 balance with a 21% interest rate that's a pretty average interest rate there is a lady that teaches on this but again she talks about velocity Banking and I feel like you can increase your your income and fix your credit and I'm going to show you how to do that in this video just a little bit different than what she's saying so uh the first thing that I want to talk to you about of course is that you can just to's say for your your expenses let's kind of break that down first so in most cases you have expenses groceries Gas Utilities and you can pay pretty much all of those bills with a credit card the only thing that you truly usually cannot pay um your bills with a credit card with would be your rent okay or the mortgage so in this example let's just assume that the rent is $1,000 so you cannot pay that $1,000 with a credit card well what you will do is you're going to take your entire $2,000 that you have left after you have that $11,000 that you pay to your rent you're going to take that $2,000 and you're going to put that towards your credit card that's going to do two things that's going to be your payment for the credit card so most likely that credit card has a payment probably around $400 $500 per month let's just use the example of $400 just to keep this simple you're going to take that $400 payment off now because you no longer have that payment so you take the whole $2,000 of income that you have left over after you took the $1,000 for rent and now guess what you have all of that available to you to use so guess what let me show you what that looks like so I'm trying to get to a million subscribers and I need your help subscribe to my channel and help me get to a million let's go in that first month in month one you would have that $10,000 limit you would take $22,000 and pay that off so now the balance on that card is just $8,000 well you still have the rest of your bills that you have to pay so it's not like that balance is going to stay at $8,000 you're actually going to um now have to pay the rest of your bills using this example and what we just said is the credit card was $400 so $2,000 minus $400 is $1,600 so guess what you're going to actually end up charging $1,600 back on that credit card by the end of month one going into month two so now when you start off month two guess what your new balance on that credit card is what $9,600 and again that is just month one so now okay well all right got a little bit of money you've paid the credit card down $400 definitely not bad going into month two you're going to do the exact same thing you're going to pay that rent with cash that's $1,000 of your $3,000 income gone now you have $2,000 that you're going to pay completely on that credit card then you're going to use that credit card to pay all of your bills you're going to use it to pay the groceries the gas everything that you have no more debit card you're now going to use that credit card as your debit card so guess what you take $9,600 you minus the $2,000 income now what do you have you have $7,600 is the balance of that card once you pay that down okay amazing then you're going to of course run that credit card back up throughout the month with $1,600 worth of expenses and so now $7,600 plus $1,600 is going to put you back to $9,200 so by month two the balance on that credit card is now $9,200 so and basically in two months you have been able with no cash flow just using your credit card as the debit card now to pay all of the B the bills and taking all of your income and putting that onto the credit card you are now putting paying down that credit card and you've gone from a $10,000 limit by month two you are now down to a $9,200 balance sorry you've taken that $10,000 balance and taking it all the way by month two down to a $9,200 balance now if you just keep going with this example and of course we can keep going you actually will have the credit card paid off in about a year and a half okay if you just did this and nothing else if you just take all of the income that you have with no cash flow and you just do this every single month you take the $1,000 pay your rent with it then use put the rest of your entire income onto that credit card and then you use that credit card to pay your bills by a year and a half again about 17 months in fact you will have that credit card completely paid off and now actually you would have a $10,000 savings account potentially but even let's just to go by month six you would have actually have had that credit card paid down below $99,000 so guess what you have over $1,000 essentially as a savings and you can actually start to use that credit card as your savings plan in a cent how much do you have in credit card debt type below I want to see if I can help you there are so many different ways to pay off credit card debt even with zero cash flow so type below let's have a conversation in the comment section now if you actually have really good credit a way that you could easily have done this would just to be able to transfer the balance to two or three different cards and that will actually increase your credit uh score quite a bit so if you have a $10,000 credit card let's just use that same example the credit card limit is $10,000 and the credit card balance is $10,000 well if you have decent credit you actually could get more credit cards and spread that $10,000 balance out over two or three credit cards which would actually give you more money in reserves because again the credit card is maxed out so you don't have any usage of it it's a $10,000 limit and a $10,000 balance where you currently stand but if you actually took that $10,000 and let's just use a round example and you spread it out over four credit cards none of those four credit cards would be maxed out obviously because you would take maybe just 2 $500 to four credit cards and let's just even say they have $5,000 limit so you have four credit cards that have a $5,000 limit you transfer $2500 onto each of them your first credit card that $10,000 credit card is now paid in full so now you have $10,000 right there available for you and you and your credit score essentially will go all the way up by doing this then you have four credit cards with instead of it being a 100% utilization because again if you have a $10,000 limit and a $10,000 bance balance that is 100% utilization that is what the credit card companies call utilization okay so your utilization will be at 100% but if you took four credit cards and you put $2500 on each of them even those with 50% again they have $5,000 limits in my example they would be at 50% utilization but then you have actually One credit card that has 100% utilization so your utilization would actually be probably around 30% and you would actually have a really great credit score that is how that works because what the credit scoring company does the credit card so when we talk about our our credit reports and our credit scores I mentioned utilization let me explain that the utilization is the percentage of the limit that you use on all of your revolving credit that's what they consider it so if you have one credit card with $10,000 is the balance and $10,000 at those limit you have a 100% utilization but if you had five credit cards in example that I gave one has a $110,000 limit and then those four credit cards have $5,000 each that's $30,000 worth of limit worth of available credit okay in that example $30,000 worth of available credit but only $10,000 worth of utilization that is 33% utilization because you would have that $110,000 um is what you owe all of the credit card companies all of them combined and then you have $330,000 worth available Avail availability to you that's a 33% utilization in that example so actually just getting more credit cards that reopens up those limits that you could transfer balances to would actually help increase your credit score so again if you have zero cash flow you definitely can use this velocity banking things and you will um system that I just explained and you will be able to pay off these credit cards with zero cash flow so no matter what you have going on if you have income and you have a credit card you can pay those credit cards off you just have to switch your strategy and start using that credit card as a bank as your checking account essentially instead of using that debit card that will actually flip the whole situation and get you into a much better situation if you need any help with this remember use the link below to creative Credit Solutions those are my friends they helped me they will give you a free consultation look at your credit report see what's going on and give you ways tips tricks tools to actually restore that credit and get you a great credit score just like they did me and again everybody is different so they may not be able to do that for you particularly but the call was absolutely free so you got to find out what they could do for you and again they're very friendly lovable people just like Noel so that is why I recommending creative credits solutions.net to help you if you have a bad credit situation or if you have these credit cards and they're maxed out and you're trying to figure out how can I get more credit cards maybe you already had that idea that I just said to get more credit cards and you were declined well call my friends at creative credits solutions.net use the link below tell them no well Randle sent you and they will see what they can do to help you out they are amazing all right so one more thing before I go because I promised you like I promised I was going to tell you a way to actually pay your debts off in many other ways besides just using your personal credit and I'm going to tell you the secret the secret is a business literally you can start getting business credit cards with just an LLC and an EIN you don't even need a full business that you know has a brick and mortar store and tons of clients literally you can walk into a bank with an LLC and Ein have that business if you have good credit they will give you a business credit card and in many cases that business credit card limit is going to be much higher than your personal credit card limits because again it's for a business then you can transfer your personal debt onto your business credit card if you have used that personal credit card for business um expenses which in most cases you did um and again that that's completely legal and ethical and if you have any questions with that um or need help with that again my friends at creative credits solutions.net can help you with the personal credit and then they even have um a separate company that could help you get the business credit card so that you can do that strategy because that was amazing and it helped me a great deal because I was using my personal credit cards to run ads for my business I had tanked my own personal credit score again my friends at creative Credit Solutions helped me do this thing and so I would love for them to help you too another thing that you can do because again I promise not only an uh you know a way to do pay that credit card off of cash flow check I did that I've also showed you a way where you can actually transfer debt off of your personal credit Port alt together by transferring it over into your business but again you have to actually create a business and have one but super easy to do and get this done and that truly is where most of the funding is but I'm going to even give you another thing is with that business credit you truly can create another stream of income for yourself literally I have people that have a business and are able to get $100,000 in funding for that business and use that to start another business and another business and another business and this is how they have become a millionaire I have so many friends that has basically used the business credit uh and business funding as a way and a means to create these multi-million dollar businesses because they don't have to save up the money they don't have to risk their own personal credit they're literally given money to run ads buy inventory and then turn that money into something really big and in many cases with those business credit cards they have 0% interest there are so many business credit cards that have 0% interest for 12 months 18 months even 24 months I've literally seen this and again you can actually once the 0% interest uh ends you can just transfer the balance to another one that has 0% interest like it is incredible what we have been able to do I have an entire course that I have made teaching this it's called the portfolio launch formula and you can get that at Noel randall.com PF which stands for portfolio launch formula this is an entire course that I have made and created and it's a mentorship program essentially where I'm helping you get business credit and business funding again it is not free it is truly a course it will take you two or three months to do it it is very inexpensive and the training is directly with me that's Noel randall.com LF most of my students in the first 90 days are able to get 20 $50,000 so it is a very small investment to learn a skill on how to consistently get funding for your business that is going to be the key to your success and one of the ways to multi-millionaire it was for me it really unlocked so many doors when I did not have to rely on my own personal savings or my own personal credit to fund my business once I could get funding in my business's name I was not only able to do that I was able to repeat that by doing that over and over again with multiple businesses the portfolio launch formula will teach you all of this and how to take those funds and buy income generating assets it is truly an amazing lifechanging thing and you can learn this and Mentor with me at Noel ran.com PF I made sure that I given you everything that I have because I want you to have good credit I want you to have lots of money and I want you to be very successful so whether you have bad credit you need to get that fixed use the link below and call my friends at creative Credit Solutions if you want to work directly with me go to Noel randall.com for plf and join me for the plf the portfolio launch formula mentorship where I will be teaching you for the next few months how to get unlimited funding for your business and how to do this over and over again why because I want to make sure that you have all of the knowledge all of the tools and all of the resources that you need to be successful this is Noel to your success