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Debt Snowball vs. velocity banking: in the quest for financial freedom and debt repayment, individuals often find themselves at a crossroads, deliberating between various strategies to tackle their outstanding balances. Two popular methods that frequently emerge in these discussions are the Debt Snowball and velocity banking. While both approaches aim… Read More »Debt Snowball vs. Velocity Banking: Which Strategy Is Right for You?

Implementing velocity banking, a strategy gaining popularity in personal finance circles, offers a promising path to debt freedom and financial independence. However, like any financial technique, its success hinges on proper execution. Unfortunately, many individuals stumble due to common pitfalls that could have been easily avoided. In this article, we’ll… Read More »5 Common Mistakes to Avoid When Implementing Velocity Banking

Velocity Banking: Paying Credit Cards with Credit – A Financial Strategy Worth Exploring. In the world of personal finance, people are constantly seeking innovative strategies to manage their debts and accelerate their journey towards financial freedom. One such strategy that has gained attention in recent years is “Velocity Banking,” a… Read More »Velocity Banking: Paying credit card with credit

Velocity banking without a HELOC is a useful concept. The “velocity debt reduction method,” is a financial strategy that aims to expedite debt payoff and achieve financial freedom without necessarily relying on a home equity line of credit (HELOC). While HELOCs are commonly associated with velocity banking, some individuals seek… Read More »Velocity Banking without a HELOC

Credit card stacking is a practice in which a borrower applies for multiple credit cards or loans within a short period, typically with different lenders, in an attempt to borrow more money than they would normally be approved for by a single lender. The borrower may engage in credit card… Read More »Credit Card Stacking

Capital One generally reports credit card activity to the major credit bureaus (Equifax, Experian, and TransUnion) on a monthly basis. When does capital one report to credit bureaus? The exact timing of the reporting may vary slightly depending on your individual billing cycle and account details. Typically, Capital One sends… Read More »When does capital one report to credit bureaus?