The Debt Threat app shows you, step by step, how to eliminate all your debts (including your mortgage debt/s) in a fraction of the time while paying a fraction of the interest costs; and it shows you how to build wealth by acquiring income producing assets or by putting your money to work at double digit interest rates!
The great thing about this app is that it shows you how to do all these things without changing your current lifestyle, without cutting back on the things you love, and without making more money!
that this app is not for everyone. However, if you are ready to take control of your finances, prepared to be disciplined with your current monthly spending and are willing to change your mindset towards money, then this is the app for you. In addition, you will be given suggestions on how to convert your earned income into passive income, which will one day give you the financial freedom we all deserve, and make going to work a choice rather than a requirement.
has both basic and advanced debt elimination programs. If you don’t qualify for the advanced program, you’ll automatically be enrolled in the basic program. While in the basic program, you will be given suggestions on how to improve either your credit score or your disposable income in order to qualify for the advanced program. If you qualify for the advanced program, you will be guided step by step on how to rapidly eliminate all debts using lines of credit. After you’ve paid off all your non-mortgage debts, you’ll also be given suggestions on how to convert a lump sum into a stream of income in order to achieve financial freedom.
and a wealth of information have been compressed into the Debt Threat app to provide you with the educational content necessary to put the bank’s money to work for you. This is the app that actually follows through on the threat to your debt and shows you how to fire your boss!
After you’ve accurately entered your inputs, the app will analyze your finances to determine if you’re eligible for the advanced debt elimination method or not. If not, you’ll automatically be enrolled in the basic debt elimination program (debt snowball method).
While in the basic program, you’ll be given suggestions on how to increase your income, credit, or both in order to move to the advanced debt elimination program (velocity banking).
The first step is to transfer some or all of a debt/loan into a line of credit by making a lump sum payment to the debt, from the line of credit.
Next, you will need to deposit your entire paycheck into the line of credit, and make the line of credit your new checking account. You might be asking yourself why you would put all your paycheck into a line of credit.
Now the only thing left to do is repeat the process until the debt is paid in full, then move on to the next debt.
After all non-mortgage debts have been paid, the app will show you how to either start paying off your mortgage quickly, or how to start acquiring income producing assets, so you can build wealth and become financially free.
* Results will vary based on user's inputs and specific financial situation.