CREDIT SCORE: How to get from 750 to 800 and Above
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- čas přidán 30. 08. 2018
- How to raise your credit score beyond 750 and head for 800 and above.
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Honstly, once you hit 755 the credit game is pretty much over. A credit score of 755 is pretty much as the same as a 850 credit score. Some times a 755 score can approve you for things that an 800 credit won't. I haven't run into a person that has 800 plus scores that can get things that I can't with my 760 credit score. I used to think that the higher my credit scores is the better I'll be but it's never the case. The truth is there's nothing a 800 plus scores can get that a 750 credit score can't get! 750 Will hold the same APR As a 800 plus card holder has. Here are the tiers magic numbers 621 to 680 is fair game. 680 to 720 is good game. 720 to 750 is very good game. 751 to 850 is excellent game. When you're 620 you will get approve for anything that a 680 will be approve for, Same goes for the rest of scoring numbers . so don't loose sleep over trying to get to 850 because once you turn right you'll eventually see a sign that says DEAD END AHEAD.
Best comment ever
This comment was all I needed to know.
yee lee preach 💯
Thank you man. Definitely clarified some details that'll put me over the top. I appreciate what you do bro!!!
Great video sir👍🏾
You are one of the people on CZcams that I learned a lot from.
Thanks for always uploading QUALITY content! 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
790- 796 here....
850 is the Goal
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
Im so excited because as of today my credit score is 740. Ive been rebuilding my credit since Jan 2018. Im estimating that I will be at 750 by Oct. 2022 when 2 of my hard inquiries fall off and my average age of accts. has grown some more. Im pretty satisfied with my total available credit that I now have for a couple years so I will be credit gardening.
People, focus more on raising your net worth, not credit score.
No doubt. A fully funded Roth or paid off mortgage doesn't go on your credit report
Exactly! thankful I hired mansard security to help me realize this
@@skreampub where can I find them please?
@@shepz1991 you can find them on youtube or google
Law of diminishing returns. The difference between 680 and 720 is significant. But between 760 and 800, not so much. Once you’re at 760, that’s usually good enough (unless you plan on starting a business, or some other situation where your credit and debt service coverage is looked at in much more detail.)
My gf has a 800 CS with only 4 accounts. She does have a long history of 100% on time payments though
U don't deserve her.
Give her my phone #
240-666-4401
@@kevina.2269 lmao😂😂😂
Kevin is a beast!!!
@@kevina.2269 lol
I just got bumped to 759. Ironically my score dropped like ten points after I paid off my car loan. But it's going back up. I used to want my score to be like 820 but I'm at the point where it doesn't matter much. I'm not looking to buy another house and hopefully I'll keep my car for like ten years. I have three card that I mainly use rewards cash back. I may get one more next year, but that's it. Great video btw. I recently subscribed to your channel.
Now I'm up 769. It happens slowly, and it's hard to tell what influences the increase.
A common mistake is the most Americans are taught that fewer credit cards are better than more credit cards. Better to product change to a free card if you have AMEX instead of canceling AMEX to migrate to Visa/MasterCard. Keep long credit history instead of having to recover over years. Chase will have hard pull if you want to increase limit to decrease utilization for better higher credit score. Chase suggests increasing your income and reporting income improvement to them for soft pull on credit increase.
this is exactly what you helped me achieve. thank you, Credit Shifu! can you do a video on the consumer financial protection bureau since you did one on the mexico-us trade deal?
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
My scores are in the 720's from all three credit agencies, but I have a thin file. My oldest account is 10 months. When will I start getting offers for premium cards such as the Chase Sapphire cards?
You can get over 800 with no conscious strategy/effort if you just learn to manage your money. Basically, the less you need CCs, the higher your score.
Thank you for this. Definitely puts things into perspective.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
I took out 8 credit cards with one hard inquiry/credit report with us bank within the same day. I only applied the ones that didn’t have no annual fees
Did you talked to them first or you just applied?
Great info as always thank you!!
you did a good job of explaining the factors but not so much at explaining the steps to get to 800.
I'm glad you mentioned loans. I was wondering how loans vs. credit cards affected credit scores.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
i have a credit score of 760 with only 1 card, I just pulled put a second card yesterday should I pull out a couple more at once or just once every 6 months?
My first credit score after 6 months of having just one credit card was 750. I use the card all the time, my real utilization is higher than 100%, but I pay my card off every week and most of the time only $5-10 are in my statements.
Great job as always
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
1:45 was a good part. I like his editing keeps me watching honestly.
I apply for 1 or 2 cards everytime I get above 740. Credit Score points are worth $0 after that. I'll slow down for a year or 2 if I'm about ready to buy a house.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
It’s mostly a early game. If you messed up at the start it’s going to be a harder game to get higher. I’ve been at 750 range since 20. Never missed a payment
Daniel Bustos
You could also end your newer accounts to increase your average age
Drastically lower your utilization
I have a 761 and I'm 19
Authorized user on a card my parents have
I love the tips but do you ever check your FICO Score 8 like the 1 from American Express from Experian or the FICO Score 8 from Bank of America or Discover Card from Transunion I find that Credit Karma is great for an "Educational Score" but its based on a Vantage Score 3.0 and they do give great tips and helpful info to help you but I found my scores to be off I found my Credit Karma Score to be 758 and when I checked thru Discover Card and Bank of AmericaI found my Transunion score to be 787
Does anyone know if business cards and charge cards help that total accounts part?
Hello credit shifu...I have a quick question about my credit card that I closed back in 2017
I opened that and the clothing company was opened with they give me $150 limit and that was my 1st credit card then I was out of job and I canceled that...
Now that is still in my credit report so should I re-opened it, it’s been a long time but should I call the bank or the company and ask them to reopen my account
is going to be a wise decision or not ?
Please let me know
Thank you
Awesome vid !
Great video. Thx
It is good information for me today, thank you. By the way, my first credit card is discover it. Plz, can someone tell which one might be the second? Thks
Lower your utilization to 1%. You’ll see a big difference. That’s what I do.
Awesome thanks.
Just subscribe thanks for the advice
Commented an hour ago on another video about the 524, thanks for answering so fast lol
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
My VantageScores used to be higher than my FICOs.
Then they were even.
Now my FICOs are 30 - 40 points higher, mid-780's to low 800's.
It's like a sharp deflection upward when tuning a radio. Their algorithms are secret, but an indicator like this is clear.
Is a car lease considered a loan to credit unions so that it would increase credit mix? Or does it have to be an actual finance of the whole vehicle?
no a lease is not a loan, so it wont report on time payments, but it may report negative information if you miss a payment
dose your credit score increase continuously each month by having a perfect payment history and utilization or currently the benefit of perfect payment and utilization has already been applied to your current score ? If so by how many points dose your score increase every month? Thank you
You will probably see a small increase month over month as your average age of accounts increases. Bigger improvements will come from increases in available credit from credit line increases.
Great video! For the first time in years my score is 777 since following your videos.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
question from a European :
- when you say pay of, do you mean pay the full balance every month ? (So like a debit card, actually. You just borrow the money for 30 days or so).
Because if yes, why would you apply for more and more card ? If you need money just do a regular loan at the bank, it should be cheaper (and fix payment, so will help improving your score)
We don’t get credit cards to borrow money, we get them for the travel rewards (so we can fly first class for free) and also to build our credit score so we can get better interest rate on mortgage and loans
Hard to raise your average age when you're applying for cards 2x+ a year
You have to balance average age with total number of accounts. If your goal is to be above 800, and you want to be efficient long term, you'll want to acquire as much credit as the banks will allow in the shortest time.
The secret to skipping that issue is to become an Authorized User on someone else's credit card. By doing this you gain the entire payment history from their card which saves you years of waiting. You can also purchase your way on to someone's good credit history by finding a reputable tradeline company if you dont already know someone with a long credit history. There ya go. I JUST SAVED YOU 7+ YEARS LOL
@@richyridiculoustv source?
@@MK-ex4pb it's true. You can go to any credit related site. Was added to my parents when I was in college and jumped about 30 pts
@@slimjim77M good point but then I can't hit minimum spends if I'm getting cards so quickly. Those bonuses are more important than the 800 club which doesn't really get you much
.....great information.👍
I pay the 39.95 to subscribe to the MyFico 3B---scores update in realtime; the "other" scores update once a month
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
Lofty Realms!!!
Question, if I just opened a Chase CSR and I am going to hit minimum spend before the first statement. Should I prepay that statement or allow it to post? Total CL is 30k on the card but I don’t know how much the statement amount & HI would affect my score. One side I see it looks good I pay off my high statement in full on the other utilization
I personally just pay it off ASAP. If you wanted to you could go to the trouble of finding which day they report your balance to the credit bureaus and then pay it off afterward.
I would pay it off in full
Other than getting loans for stuff, how can we diversify our accounts? For that 10% of our score
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
Does anyone know how the numbers compare to Experian? I'm in the UK and don't use Fico so I'm curious.
Jason Newton in the USA a lot of loan and business company’s use experian over transunion and equifax so typically the experian score will be a little more apart than the other two. Currently my trans/equifax score is 704/699 but my experian score is 688 because of a few missed payments from being forgetful few years back.
Hello, quick question. Would becoming an authorized user on a new(er) account cause a negative effect on your score/avg age of accounts? Thanks.
Most likely not. The rational behind becoming an authorized user is to hitch yourself onto someone that is established.
The only way that can affect your score negatively is if they miss payments on that card. you gain their entire payment history not just the positive payments
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
ive been stuck at 777 for a year but my credit is only 5 years old and have a mortgage no bankruptcy but did have a repo about 15 years ago cant seem to get it any higher
Got 802 credit and im 21! 🤗
That is praise worthy. Have you ever taken out an auto loan?
740 at 19
I'm coming for you 😆
34JROD34 I have a credit history older than you 😃
813 at 18 & I’m black 🤷🏾♂️ level up season TMC🏁
authorized user?
I have 2 missed payments from like 30 months ago on my discover card. So c.k. shows me having 98% payment history even though I've paid off my motorcycle loan of 4 years without a missed payment. My truck loan has been current 2 years. My 2 credit cards have been current since those 2 missed payments 30 months ago. I want to get my payment history to 100% since I'm always current. Is there a way to get those dropped, or can I call discover and ask them to amend that or something? Since that happened, discover raised my card limit $2300 without me even asking lol so that should speak for itself of my history
Discover is amazing but if you want a no fee amex I say blue cash everyday or just the basic everyday or blue card
Amex Platinum is a fantastic card regardless of the fee. It pays for itself.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
I noticed that you have only 8 accounts open. I would of thought you would have alot more cards considering your expertise on them and many reviews.Do you cancel alot of cards? I have been considering canceling a few cards that i thought i would use more but havent and they are still early in age.
Some of the cards he has reviewed his wife applied for. Plus, once you had one card from an issuer you can kinda figure out how other cards may work from the same issuer just by reading the terms and fine print.
Don't cancel your cards. You will lower your available credit and could mess up your utilization if you owe money on one of your other cards.
Instead, pay them off and toss them a drawer if you don't want to use them. Just put small charges on it every so often.
It's like newbie gains. When you start working out for 6 months to a year, you build all kinds of muscle quickly. Then progress starts to slow down.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
How do you only have 1 hard inquiry? When you have multiple cards. When you apply for a card doesn't that give you an inquiry?
Pre-Approved offers from banks that you already have products from
@thecreditshifu “Utilization is only for revolving accounts”. ...So if I spend 3,000 or more on my Care Credit it won’t impact utilization (but maybe just affect payment history)?
I am not super familiar with care credit, but I just looked on their website and it is described as a “credit card” which would normally mean it is a revolving account. Does it give you a credit limit? Because if it does, then it is probably a revolving account
Hey bro! I have two department credit cards and one regular credit card. Should I apply for 1 or 2 secured cards to bump up my score? I’m sitting at 640
MC Ortega yeah you should get 2-3 more cards but don’t apply to a bunch of them. Go on chase Amex capital one etc and see if you’re prequalified for any cards that’s what I did also I made sure it didn’t charge an annual fee. I have an Amex charge card, 1 capital one secured with 800 deposit and open sky secured with 300 deposit. I usually only charge 9% but if I ever do charge more I make sure to pay it right away. Capital one and discover have good secured cards. Open sky also is good if you don’t want a hard inquiry
I used my Amex gold for every day expenses since charge cards dont report utilization and regular credit cards to Build credit
@@AlGibani123 Can u get your security deposit back from OPEN SKY if u maintain good standing with them over a period of time & have the account become 'unsecured'? From what I read, they will keep your deposit (no interest) until u close the account. That's not good, cuz if u close the account, that will drop your average age per account , # of accounts & usage rate.
Who has Amex Centurion or Black mastercard?
I just got my first credit card why does it say 750 automatically but I’ve never used it I’m confused
Nice. Didn’t know I was doing that well.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
So if I just got approved for a new card that is not chase in less than 2 weeks ago I wont be able to apply for chase sapphire preferred? I have total of 4 credit cards, and 2 store credit cards. One of them is already chase.
Is it recommended to have more then 1 chase card per person?
t_ n_rasberry Since you have 6 cards you will not be able to apply for another Chase card because of Chase 5/24 rule. You can have many chase cards if you want to maximize your points but you don’t have to only do it if you travel allot and want to combine points between Chase cards.
I have 3 credit cards with 750 credit score. Average credit age is 1yr 4months. Im thinking of getting a new card
816 at 24. 850 is the goal.
I got my first credit card on july, so from july to now I have a score of 748 at the age of 18. Idk what I did, all I did was just payed it off 2 days before my due payment and dont use it for a bit
Same bro I got mine 8 months ago and my credit score is 759 I pay mine twice a month so the first payment is 13 days before due date and the second is 2 days before due date. Try that strategy out bro!
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
I have heard a person can't go over 700 unless u have a cash loan,car loan or home loan? All i have is credit cards, less then 2% dept to credit ratio, never late,pay off balance at end of billing cycle, oldest card is 9years old, never cancelled a card. I can't get over 700
I need help. I want a chase card. I have 8 cards right now I Haven't gotten a card since 2018 what do I need to do
Fast and reliable
If you open a loan up and had an older loan, on Credit krame its combine for a averge. That will drop the age of your credit history.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
What about student loans? Will that count towards your credit score?
Daniel Pham yes and it will help a lot just as long as you pay them on time
It will but only downfall is that like most credit sites IE credit karma don’t give you a calculator to estimate how paying down loans will effect your score like paying down/increasing CC limits. But as long as you pay then on time and don’t default they’ll help you absolutely
I have "15" student loans, all contributing to my account age.
They don't do much for me, but any time I open up new cards or accounts my "average age" doesn't budge but a month or two from 9+ years.
is their a point to get above 760?
Hey what's the song at the end
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
10% utilization is in good not great. Please look into it.
Why credit score is different from each other?? On my credit karma & other banks shows different one, so which one should I use
Each issuer may ultize any combo of the three agencies to get information from you. Also, each agency has different metrics to determine the weight of each factor.
Thanks :)
Is there even a practical reason to have an 800 vs 750. They both get basically the same loan terms.
jcrowley1985 - 760 is better
Bragging rights
A buffer just in case you drop a few points
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
Hell am still trying to get back,to 700 my score is 677 fico.
I actually did get like 8 new cards within a few months and yes I do have a lot of inquiries but those go away right?
MAGNIFICENT 18 after 2 years
MAGNIFICENT 18 What cards were the easiest to obtain? I only have 2 months of credit history and a score of 669.
SwingTradeSolutions I would wait til you have at least 6 months of history before you apply to any big banks for credit cards
Jameson Bull I currently have the discover IT that I opened 2 months ago and I applied for the capital one platinum and got accepted. So now I have two cards 😁
After 1 year it no longer effects your score and after 2 years it is completely removed from your report.
Yeah we are in the waiting game stage now
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
My father did a personal loan to pay my car, currently new credit. Can he add me as an authorized user so that shows on my credit?
SwingTradeSolutions loans are not the same as credit when it comes to authorized users. Loans only have “co-signers, and the “co-signer” is someone who has a great credit score who will assume responsibility for your loan if you cannot pay it off.
Good old piggy backing, what you might be able to do is call the bank, have it transferred to your name, with him as originator and cosigner. Banks are usually good with this, as that's two people to pay it back. And if it's in your name, you can pay it and it'll count for your credit as well as his.
Just hit 756! At 22 years old
Sometimes the score is wacko. I dropped 50 points from two different bureaus one month, then right back up (800++) the next month. When it dropped, I ordered all my credit reports. Essentially, nothing changed before or after. I guess they just wanted to keep me on my toes.
Same thing happens to me when I make a payment right after my balance is reported to the credit agencies. So sometimes it would inflate the usage stat.
I've learned that they update card usage around the 3rd or 4th every month. So I've been keeping it low that week, and I haven't had a big fluctuation since.
&Sam III - quit living for a stupid credit score. I’m not suggesting you tank it or anytime like that. A high credit score has very little correlation with wealth building. I don’t use credit cards and actually have money My goal in life is to get to a point where I NEVER have to borrow money for any reason. I want to own my shit- not some bank.
@@aeromedical6750 You missed the point. I certainly don't base my life on credit. I've had no debt of any kind for 30 years, and everything I buy goes on a card... for 28 days, then paid in full. Your "no card" system leaves out significant benefits and earnings that I enjoy. But if it works for you, great. Just don't forget about all the other things you pay for that are priced based on your credit score.
Mines boggling at 757 😞
I have 8 credit cards, my FICO score fluctuated around 750, whenever I apply new card, the score will decrease 10-20 points, and after 1 month it started climbing.
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I'm stuck at 730. Cant get it any higher than that.
I use two cards - an Amex Platinum that currently has a $90 thousand limit, I put at least $18 thousand a month on it and pay if off in full. The other card I use sporadically but also pay off in full. I have no mortgages, no car loans and my credit score gets penalized because of that. Credit score is high 700s and it should be well above 800 based on my payment history. It's nonsensical. The credit bureaus want people using debt when it's not necessary.
If you have a lot of grocery and dining spend, i would recommend an amex gold to compliment your platinum. Platinum gets you 5x points in flights, but gold gets you 4x on grocery and dining, points all pool in the same account.
@@TheCreditShifu Thanks
Damn thought I could could get it up there in two weeks
How to remove hard inquiries?
Montèl Richardson
Wait a year to two and they’ll go away
Do closing accounts damage your credit score?
Yes
I went from a 530 to 770 in 18 months. I am proud I did that but credit reports are kind of a scam. It's 3 companies telling the banks how trustworthy you are with money and they base a score of that. When you make like $250k a year a credit report wont really matter too much
I went from zero to 729 in less than a year with a thousand dollar secured credit card... what do I do next??? Apply for a traditional card???
What secured card did you get?
id reccomend the Discover It (cashback!) If you dont already have it.
How accurate is credit karma?
Ambrosio Hernandez score not perfect
But close
The rest perfect
kinda close, but less than your actual FICO
i got 813 already.
Since I went to 800 it really barely moves.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended
I just got my credit score update 2 days ago saying I now have a 790. Very happy with that, but it definitely wasn't all me. My parents have me on one of their cards so my longest line of credit is 3 years older than I am. It also increase my credit line by $20,000, but I don't have access to that card.
nightterror007 so you had a SSN before you were born?
@@deathmetalpagan lol thats not what he said
Being an authorize user is a real gift.
My sister had about 720-740 for a year or so.
She did a balance transfer of 7000 last year and my dad just paid off the last $4000 of it for her.
Her score went to an 805! WTF LOL!
My score is 840. Credit Karma is a waste of time. You want your ACTUAL fico score which you don't get with Credit Karma.
That is certainly true for a mortgage or loan application where a difference in a few points can mean a different interest rate that could cost you thousands more or less over a 30 year loan for example. But for credit card applications it is fine.
how can u give advice on how to get your score to 800 when u yourself are not at 800?
It is really not rocket science, the strategies are quite straight forward. Once you are above 750, further increases come slower so in my case a short credit history plays a factor, I also have more new accounts than a lot of people, since I review credit cards for a job
That's how I feel from 521 to 659
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended.
Yeah that’s a lot of hoops to jump through. I think I’m gonna pay for everything with cash. At least I hope I’ll be able to make that happen.
Good luck with that
if you're at 772 on credit karma, which is only an estimate, you're likely around 790-800 on the real reports
CK said i had 670 but when i took an auto loan, they showed me i have 700 per TU.
Brian Erwin credit carma said I had 720 but when I applied for a house loan they told me I was at 780
@@gencitela its not always that way. I have had my fico score higher than credit karma score.
The thing holding my score down are college loans of 150k, all my 25 C.C. are paid off! I have a 766!
He could buy a au trade line
778 here
As of Dec 2019
@SamdumgLG What's your utilization rate & average age of accounts, if u don't mind me asking?
@@TraderDT Keep it less than 3% by the start of every Friday (for me that is). You can let it be much higher than that, just pay down most of it in a Thursday.
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Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on CZcams here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended.