GCHVB
GCH Velocity Banking Concept
The general concept of Velocity Banking is a strategy where you use a line of credit as your primary account and use lump sums to pay off high interest loans much faster than trying to save money as is with the traditional banking method. Velocity banking is so much more. For example we will demonstrate banking with debt weapons, saving money and preparing for investments. To get a good understanding of the benefits we’ll need to know what this strategy looks like in comparison to the traditional banking method.
Velocity Banking embraces REVOLVING credit like credit cards, personal lines of credit, even your 401k as debt weapons, keeping all your money (cash flow) in the loop which helps pay down high interest on balances due.
Traditional method acts more like an amortized loan. Money in, Money out. (Dead Money)
Debt Relief Reimagined
Velocity Banking is a powerful debt reduction strategy that can help you pay off high interest debt quickly, without increasing your income or making major changes to your lifestyle. This strategy uses Debt Weapons as your primary account, allowing you to pay off high interest loans and debts with lump sums, also known as (Chunking). This strategy is especially helpful for those who have a hard time saving money, have poor credit, or have limited income streams.