The wrong type of Credit Card Churning...

[Music] so the first thing you want to do is you want to sign up for QuickBooks then you want to go ahead and send yourself an invoice since I have multiple llc's I'm going to send my other LLC an invoice for 2100 and I'm going to put the limit there and I'mma put how much or what it's for there and then I'm going send it over once I receed the invoice I will then pay it off with the credit card I want to increase my limits with so is making fake invoices with your different limited liability companies a good idea probably not you're paying LLC fees every year and filing LLC tax returns every single year for fake entities and fake transactions so yes is churning transactions potentially one way to build your credit yes but usually what people will do is they'll just find things that they're going to spend money on rather than making fake transactions and and most people just say okay I'm going to put this money on my credit card that I be spending anyway for groceries and I'm just going to pay it off twice a month and grow my credit limit that way

Channel: Meet Kevin

Views: 25,900

Keywords: credit card, Credit Card Churning, Credit Card Financing, Paypal, Credit, Papyal Credit, Credit Check, Credit Score, Credit Card Hack, Credit Card technique, Finance, Stocks, Investing, Self Improvement, Paying Fake Invoices, Invoice Making, Invoice Deadline, Catch Fraud, Fraud Detection, Warning, Fraud Warning, Beware of Fraud

Id: slbIuBuQKHc

Length: 1min 0sec (60 seconds)

Published: Mon Apr 22 2024