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The credit scoring system in America is outdated and unique compared to other countries, but it seems unlikely to change.

Great video! Thanks

If we practiced the Constitution in America, this wouldn’t be happening. 🇺🇸

It's not credit scores that are the problem. The problem is, homes are too expensive with a crap build quality. Then the property taxes and homeowners insurance is all too high after you buy the house. And 3rd, the government taxes the hell out of your pay so you have nothing left to own anything.

People need to stop just running off on what they heard. They need to put in the research. You can't always verify outcomes, but we have a lot of resources to verify some of the strategies. There is enough information out there to get a general sense of how credit scores work.

credit scores are useless. just means you can borrow more that you cant afford. its not linked to income, just debts and payment.

Amazes me how the institutions handing out credit scores operating in a country trillions in debt Can control your access to money.

As of next month, I'll be a non-driving housing renter who owes nothing on credit, cards or otherwise. Also had no idea what a FICO is. So what do I win?

Appreciate the Shout out! Keep dropping 💎 💎💎

Sorry to say this, you do need credit. Refinacing is dead, rates are too high. I got a way better rate than 6.4% when I bought my house.

Corrupt government making it harder for us to succeed.

I bought my house 8 years ago, fha, my score was a 630, my Apr was 3.625. I only put 3% down. The only catch is my pmi. Because I didn't put 10% down I have to pay that for the life of the loan, a little over $40 a month unless I refinance. My credit is about 100 points higher these days but because of the economy even if I put 20% down I can't get better than 9% and that number is actually more like 11% and I live in ohio.

I “heard” you are a great channel. Then I watched and realized it’s true. Keep putting out great content. I appreciate you telling people to take responsibility and verify for themselves.

If you try to get a job with the federal government, any agency, they will most likely pull a credit score. Especially if it requires a secret, Top Secret/SCI , Q. If your credit is bad, the party stops there, you wont get the job offer. And they occasionally run credit scores of those with any financial career field that you have access to government funds, credit card, signiture authority. I am an HR specialist with DOD and I get random requests to pull a score on X or Y employee from the division director. Some are leveraged to the hilt with debt..must be a serious discussion with the security team.

You don't need credit if you are wealthy.

If I get a card will it graduate if I have something on my Wells Fargo credit report that says other accounts and it says debt buyer 5,772 dollars?

Great video thanks important subject

I usually try to keep my utilization under 10% however, most of my cards are two or 3% but when I asked for a credit line increase I am told that my utilization is too low and I am declined!🫠 I have been told by two credit officers at two different banks to utilize my credit card at 15 to 20% for several months pay off the balance and then return and request a credit line increase and should have satisfactory results… I tried that with Capital One and unfortunately I was still declined, but I am pretty satisfied with keeping my utilization at one percent across the board with all my credit cards, which are a little over 20 cards. That seems to work for me🏆 Thank you for an insightful video!🥇

I don’t know what works for People but I like to make sure my Credit Card is paid off at least a week before the due date which helped me bring my credit up

I was told that the scores that the public has access to are not the actual scores that are used. The banks and others have access to the real information. Really then, why is this information not available to the actual person?

credit is king!

Facts 🔥💯😎🔥

A good to great credit score can help you in many ways. Low financing on mortgage loan, home/ car insurance, utility bills, and even better employment opportunities.

You better #preach This whole thing is a great motto for life ❤️💯✊🏾

Glad to see people who look like me giving out advice thats important, im 23 with a a fico that ranges from 750-780 experian score often due to new credit cards. I get approved for cards with a 10k to 24k limit and ik when the time comes as long as I remain responsible I can save myself thousands on a home with the better apr rates. We are past the times of 3.5% on a house where I live and I need every dollar I can get to put into other expenses, put into some sort of investment once I become more educated, even emergency funds. 300 a month could even get me new PC parts ion care how much I make 300 is most of a plane ticket to my family home country. People gotta stop acting like they too good for saving money for the sake if not having a credit score if you are financially responsible, use the system we have (even though the whole fico score situation is scuffed) and get your bag. Teach it to whoever will listen and move up w/ them. cant bring everyone with you, but you can try your best to bring who will listen to reason and put their money where their mouth is

For sure 🎯

That’s a great rule to live by. Verify. Verify.

I'm feelin' the vibe.

Agree 100%, I heard is not equal to verified information backed by receipts. Thanks for the info Nell!🫵

Thank you to everyone who watched this video. Be sure to "LIKE" the video, and also, my E-Book 'Strategies to Master Credit' is available here: www.mastercreditbook.com/product/personal-debt-management/

Hey what's going on, just finished reading your book "strategies to Master Credit" great read! Definitely took some key info away

I'm curious to see what happens to my 800+ score when the house is paid off in a few years. Will only have a few credit cards that I pay off monthly at that point.

Cancer derailed me and my credit score. Health is wealth.

Credit Score/debt scores are a scam. I have a low score. I don't have debt, no credit card debt, no car payments. I pay my bills. I have a low score because banks and credit card companies don't make any money off me.

Simple strategy - undeterminable.