My HELOC crashes my credit score! As many of us are turning to a home equity line of credit right now, there are some key things to keep in mind so that you don't negatively impact your borrowing ability for a housing market that will be primed for real estate investing in the near future. I show you exactly how my HELOC or home equity line of credit has affected my personal credit score. Get ready to be surprised by just how much your credit score takes a hit when you're utilizing a Debt Weapon like a HELOC. This is one of the reasons I have a love/hate relationship with HELOCS... Why I LOVE Home Equity Lines Of Credit (HELOCs Can Make You Rich!) ► https://www.youtube.com/watch?v=NxKzaLEQCpQ Why I HATE HELOCs (Home Equity Line of Credit) ► https://www.youtube.com/watch?v=mwPXN9HpgfI Don't forget to sign up TODAY for your exclusive one on one consultation at: ► http://www.FreeCoachingCalendar.com/ Get your FREE Cash Flow Cruncher budgeting spreadsheet here: ► http://www.cashflowcruncher.com/ It's way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel! Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you! ► http://www.investmentanalysisworksheet.com/ Want more actionable financial tips and tricks like this one? Check out our YouTube channel here null Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Instagram - https://www.instagram.com/vipfinancialed/ Instagram (Lifestyle) - https://www.instagram.com/vipfinancialedlifestyle/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers, and agents (referred to as "VIP Financial Education") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting, or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided 'as is' and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice, or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content. #HELOC #HomeEquityLineOfCredit #CreditScore #CreditKarma #HousingMarket #RealEstateInvesting #CoronavirusRecession #CoronavirusRealEstate #VelocityBanking