When To Pay Credit Card Bill (INCREASE CREDIT SCORE!)
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- čas přidán 29. 06. 2024
- In this video, I will show you EXACTLY when to pay credit bill to increase your CREDIT SCORE! All my recommendations 👉🏾 bit.ly/naamwynn
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If you ever wanted to know more about your credit card bill and how to maximize your credit score, you're in luck!
First, I will go over everything you need to know when you receive your credit card bill or credit card statement, and explain all the terms you need to know.
Next, I will go over the specific strategies you should take to get the greatest improvement to your credit score.
By the end of the video, you should exactly how and when you should pay your credit card bill to increase your credit score!
Enjoy!
❤️ If you find my content helpful, become a channel member and SUBSCRIBE! 😎 - bit.ly/332QAtI
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#creditcardbill #creditcards #creditscorehacks
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Hello I love your videos! Was wondering My credit score just jumped up 71 points by paying off a good amount of my utilization. Now my score is 741. I have a closed account of $1200 debt I was wondering do I still have to pay that or leave it if my credit is going up anyways?
@@unvcht5046 Pay it off. It will hurt you in the long run
Naam Wynn $1200 Amex card was from August 2015 it doesn’t say when it was last reported on credit karma. The only thing it says on credit karma is that it was closed/charge off. On credit karma it shows under LOW impact. Do i have pay whole amount?
@@unvcht5046 If you do owe that amount it would be best to pay back AMEX what you owe if you want to ever want to open any AMEX cards in the future. You can attempt to dispute the charge off like a hard pull if you like
Naam Wynn thank you sir. is there an article how I can dispute it or do a hard pull?
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I have 2 chapter 11’s that are dismissed.The reason I have 2 is bcz I did not use an attorney.I was trying to stop an eviction,but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later,I ended up losing my job.They are scheduled to fall off in January and March 2021.Since I’m looking to purchase a home soon but still there.I am currently enrolled in COGNITIVE HACKS and I must say,I am loving it thus far.I’m doubling it up with your podcast videos and learning A LOT! Thank you.I’m ready to join the millionaire club!!!
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You: How can I get in touch? Me: Type their name as it spell on your browser
I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 690 and I’m still going up with *Top Phase Resolution* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.
Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.
Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.
Bruh I’m not saying it’s common sense but literally i’ve never heard anybody say anything good about maxing out their credit card. Why do so many people do it 😭💀
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude sir and *Web back doors* was so helpful during the process of boosting my credit.
*Top phase Resolution* is the best credit repair expert I've ever seeing on YT.The dedication,passion and humor he has in these credit industry is what makes it so amazing.I’m happy it's easy to use on backend but excited to see you give that penny to creditors!
Back in my country, I owed a debt for a car, the car was repo for the balance( I gave back the car). Debt collector went to my old address looking for me. I got a hold of the letter, emailed them asking to clarify the debt, explaining the balances, surprised! They never responded! I felt this was some third party trying to get some commission money through a fake debt collector company. I had no knowledge prior I got a derogatory showing on my credit report. It came from a dental company that I owed money to. They send it to a collections agency. I settled with them with *Discreet phase resolution*
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Marvin and *Top Phase Restoration* was so helpful during the process of boosting my credit
Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.
Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *Top Phase Resolution* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.
Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.
I’m 17 and this helped me gain a understanding why can’t schools teach us this yet we have to learn leaner equations🤦🏻♂️
Because the government doesn’t want to inform us on important things you must know. Schools what you to fail and not succeed in life. “You will learn so much from the internet,” rather than school!
you will be successful. stay focused.
Linear*
I second the government response. They benefit from a dumb-down population. Learn all you can from "other sources" about finance and economics.
So true bro
I pay on my credit card weekly. My minimum payment was 26.00, so I paid 26.00 weekly because of this payment style. I was given a credit increase of 5,000, and my score jumped up 21 points. I only use a credit card for everyday life. I never use a debt card. I borrow from my self, never from a bank. I’ve learned the hard way in life after 2 bankruptcies, and now a score of 720. The second one will not be off my credit report until 2024. Big mistakes in life, but I was able to correct them. Thank GOD.
You can get that bankruptcy off your report
It enrages me to know that finance isn’t taught in school. It’s obvious why but it’s wrong. A kindergartner can be taught to save. A high school student should be investing. Teach finance age appropriate all the way through school. It would save people a lot of heartache and stop enriching the “man” on our backs.
Amen to your situation sir
I’m adopting this method. My pay is changing from semi monthly to monthly but it’s a huge pay increase so I’m trying to figure out the best methods to raise score without having to get another card as I’ve been told. 🤔
It should be gone off your credit report now lol
“ I’m proud of you. Something I wish my parents said” 🤣🤣as an Asian American bruh I felt this. 😂😂 thanks for the info man!
I always pay my credit card, a week before due date, my credit score over 850.😀
How long did it take u to get to a 800 score using a credit card
You’re a life saver! How does high school not teach this stuff?? Why is learning about what happened 500 years more important than learning how to be an adult!
I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 690 and I’m still going up with *85OCREDIT RESTORATION* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.
Oh, Yes! I used this strategy and my credit score is 835 and I purchased a home with a 2.7 interest rate.
@@TheDCMO 30 year fixed conventional/ opt for a 3O day lock to close within 3 weeks last summer. However, the interest would have been much lower for a 15 year or 15 ARM mortgage then. Any advice?
@@TheDCMO Yes, I questioned that as well.
@@TheDCMO Oh, thanks so much for the advice. I also had the opportunity to use a mortgage broker for a lower rate, but I was a bit skittish about extra fees. So I chose a smaller credit union. Hey, I'm always open to information. Always help me! Lol!!!
@@Annabee399 smart to lock in a rate with interest rates at historic lows. If they go up, you avoid an ARM increase and if they go down (very unlikely) you can always refi.
@@michaelswami How soon after purchase to refinance?
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I have 2 chapter 11’s that are dismissed.The reason I have 2 is bcz I did not use an attorney.I was trying to stop an eviction,but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later,I ended up losing my job.They are scheduled to fall off in January and March 2021.Since I’m looking to purchase a home soon but still there.I am currently enrolled in *85O Credit Rest0ration* and I must say,I am loving it thus far.I’m doubling it up with your podcast videos and learning A LOT! Thank you.I’m ready to join the millionaire club!!!
*Top phase Resolution* is the best credit repair expert I've ever seeing on YT.The dedication,passion and humor he has in these credit industry is what makes it so amazing.I’m happy it's easy to use on backend but excited to see you give that penny to creditors!
You’ve absolutely earned my subscription and 👍🏼! I’ve yet to find someone on yt that’s done a good job of making this explanation simple, simple and you’ve got it dude! Oh and the added humor makes the delivery of your msg even better.
pay in full 4-5 days before the day of the payment
@Steven Allen appreciate it, be safe out here bro.
Is that before the minimal payment or final payment due
@@lizzyxo9015 stuck on same part
@@lizzyxo9015 are you referring to the image on 1:39 ? If so the minimum is the amount due not a date. By final due I assume you mean your due date.
This is just not the case, at least for my cards. I put a pile on one card and went to pay down the bulk of that charge (auto repair) mid month and it was not counted towards my next minimum amount due. You need to pay AFTER your next billing cycle starts and you are notified of the minimum/date due. Otherwise it will not count. So, I charged $2,000 for the repair, and mid month made a $1,500 payment, then at the start of the next month had a minimum payment due by XXX date and make a $250 payment and even though the minimum was like $78 I got no bump from making that $1,500 payment except for the little 4 points from lowering credit utilization.
Also, I refi'ed the house in January in order to take advantage of the low 2.25% mortgage interest out there, so for 2 months I had no mortgage debt on my credit report till the new mortgage servicer reported that new balance on my new mortgage. You would think that would make my credit score skyrocket paying off the mortgage, but no, it dropped almost 30 points because now my only debt was credit card debt and that utilization is at 78% right now. It will pop back up once they report to the credit bureaus my new mortgage debt, but till then I am walking funny money-wise.
I am so happy I ran across your channel. You explain so well like a teacher. No fluff just straight and to the point. God bless you have helped me tremendously more than you know.
Finally someone that explains how to use it instead of pushing me towards certain cards. Thanks for the video.
When it comes to credit...I have learned the most from your channel! You rock!!!
This was SUPER helpful I’ve been breaking my head trying to figure this out It’s my first time ever getting a credit card I’m glad I found you!
When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *85O Credit Rest0rati0n*
To simplify and provide more clarity, what he did not mention is, there is a closing date and due date. Your closing date is when your balance is reported. Keep in mind the closing date can come before or after your due date so make sure to meet both requirements. The key is to pay as much as you can toward your balance before the closing date. To get automatic limit increases, frequently use most of if not all of your balance, but make sure you pay most of if not all the balance back. They interpret this as you need and can handle a higher balance. I’m speaking from personal experience. I don’t use credit cards as extra money. I use what is in my checking account and pay it back, 1 to maintain a high score and 2 to get cash back from the credit cards like Naam said.
When you say “automatic limit increases “ where do u find this at? Which cards or companies is it automatic for?
✍️👆👆👆👆
@@gxp958 any card company. I have a few different credit cards and have received automatic credit increases on all of them. That was not the case in the past when I was only making minimum payments.
@@gxp958 you don’t find it anywhere. The companies automatically issue the increase which will be reflected in your balance and a notice will be sent out to notify you
@Gee Woods. Thank You. Just got my first Credit Card and forgot how this worked with Due dates and Closing dates. Thank You.
Awesome advice and understandable. It’s not boring and it’s not difficult to understand. I can’t wait to see more of his videos
First video I’ve watched on your channel and I love the way you inform. Definitely looking forward to learn more, very helpful and no confusion!
this channel is actually fairly on point i must say and not the worst map to follow to improve, fix, and in general build up your credit.
The myth where you said “ppl say keep just a small amount of money not paid to show them your still using your card” fr !!! That’s what everyone tells me ! So glad u addressed this ! I had a credit card of $400 n I just paid $200 right now - but after u stated this ima go back & pay the other half !!
Watching this was like a breadth of fresh air. Sometimes I struggle on the definitions and the dates because I pay them off so fast without thinking about it. Thank you for sharing!
Thanks Jessie!
Great video, Answer every question that was in my brain lol
I have a total of 70k in limits i use only one card and pay it off every single pay check (every 2 weeks) I average about a 2k balance at any given time.....don't let people fool you into thinking if you pay your cards off too quick you wont have as good of a score lol my score is 817 with little to no effort and I do not currently have a mortgage. People will sometimes try to tell you too that without a mortgage you really can't get your score thatttt high. But that's false. Never pay interest on anything wherever you are able to make that happen! This so important for young people to know before mistakes are made!
this is awesome - thanks. i’ve been considering making extra payments during the month to keep my utilization low, but i didn’t consider the effect on my automatic payments since my auto payments are always for the new balance. i guess i will keep my auto payments set up as is. thanks!
Great information, straight to the point, we love it💪🏿💯
In my humble opinion, it is best to have the money in the bank before you use your credit card. Always pay the card in full within a couple weeks after the credit card charges are posted. I have an 850 credit score for many years now. Great video
Congrats! That’s great to hear!
You mean I must pay my bill in between 14 days after the billing date, right?
I heard it's bad if you pay something off too fast is that not true? barley building credit so I don't know what the best way is
@@user-zu2nh3nt8y I recommend paying the card off within 30 days, so you do not accumulate Interest and other fees. If I do not have the cash up front to pay the card off, I will not use the card. I always pay within 14 days. Once you go over 30 days the credit card company starts charging high interest rates.
@@chrisguzman7926 Read my other posting. It is best to pay the card off within 30 days of the charge posting so the credit card company does not have the opportunity in charging you high interest rates.
Man I'm trying to get it together. Thank you brotha, one love.
Thank you for this! You were very simple in your explanation with details
I literally couldn’t find a comment that wasn’t a bot
Other than that good advice 👌🏽
Ikr
like why so many bots? so weird
Excellent information. Keep your credit lines to a maximum of 35% utilization. Pay off as much of that 35% each month as humanly possible.
So bro I have found your videos-lessons to be very helpful and educational. I am getting stumped on the best day to pay part though. I am on a fixed income and have 14 credit cards 7 of them are carrying a zero balance and the rest have a grand total of about 400.00 between them. I have been thinking of getting the "due date" on them all moved to the same date, Idk my credit score would bounce up again with *Discreet phase resolution* It’s fully guaranteed and safe and I know this because my cousin has used em to increase his and it’s been two weeks now without any sort of trouble , I’m telling you , they're the best.
Back in my country, I owed a debt for a car, the car was repo for the balance( I gave back the car). Debt collector went to my old address looking for me. I got a hold of the letter, emailed them asking to clarify the debt, explaining the balances, surprised! They never responded! I felt this was some third party trying to get some commission money through a fake debt collector company. I had no knowledge prior I got a derogatory showing on my credit report. It came from a dental company that I owed money to. They send it to a collections agency. I settled with them with *Discreet phase resolution*
I know if you have too many credit cards that can harm your credit as well since you have too many open lines of credit.
@@kendalledunkle4822 That's not true. The more credit cards you have the better.
I'm so glad I clicked on your video! I was watching other credit videos & they all were telling me to keep a small balance on my account when my cycle rolls over so that way when it reports, it is showing the credit bureaus that I'm using a small percentage of the credit on the card. But then that raised the question of interest charges and contradicted their advice on paying the statement balance in full. I love how you pointed out that this is a myth & your video helped me answer my question! 😊
this was the best video on credit omg thank you so much! This is the best explanation i have seen yet! I was so confused trying to learn all of this stuff and this made it so simple and easy to understand! Thank you!
Naam -- I am proud of you. Bright young man with an even brighter future. Thanks for using your talents to help others.
OMG THANK UOU SO MUCH FOR SHARING YOUR KNOWLEDGE !!
Your help was unexpected, it turned out to be timely such a divine intervention, I can’t thank you enough
Thank you for your service.
Thank you too
This was helpful thanks for doing this video.
Thanks a lot bro💪🏾💪🏾 this was exactly what I need to know
I didn’t really know much about credit score but you’ve completely explained it, Thanks a lot man 👍
This was so helpful!! Thank you. Wasn’t boring whatsoever I can’t believe how quickly the video finished.
Wow so transparent and easy to follow! Thank you!!!
I didn’t know about keeping your credit utilization low. Thank you so much !
Great video thank you.
Thank you thank you and thank you again!!! I loved this video and this has helped me better understand how to increase my credit score!!! You awesome!! Wow just thanks!! Had to Subscribe
Glad it helped Carlos!
WOW! I learned something new. Thank you Naam!
Thank you Naam for explaining this $ madness & making it easy to understand.
My bank gave me a credit card limit of 4K on application…. I immediately set a card limit of 500 that was manageable to pay of in full each month. I don’t need the extra 3500 but having that available and clearing card each months also helps as it shows the banks you can control your credit and your score goes up..
This is SOO well explained. It took me 3 videos and almost an hour to explain all this haha 😂 Bravo 👏 👏 👏
Sup Daniel! I actually got the inspiration from your videos!
I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
I can confirm, as I went through that process with him.
Three things:
1. make sure the balance you owe doesn't exceed 25% ~ 30% of the overall limit
2. make sure your cash advance balance doesn't exceed 50% of the overall cash advance limit
3. Pay about a week before your next expected statement (due date), because that is when your credit score gets updated too.
i went over by a few bucks i just got approved for it this month. Can you give me more intel in this please ? thank you
Thank you! i stopped watching after the first 4 minutes because it was taking forever to get to the point.
Hello! I'm new in credit card field. I have a question.
At point 3, you meant to say that I should pay my bill 1 week before my “billing date”. Right?
@@user-zu2nh3nt8y yup. payments usually take takes 24 hours ~ 2 business days to reflect your statement depending on your bank or card company. if your billing date is the 21st then you wanna pay by the 14th or so. and then your credit score usually updates around the 26th or 28th of that month.
@@SimilakChild My billing date is on 20th monthly. So I should try to pay my card bill on 13th monthly, right?
Thanks.
Thanks man this reallly helped me. I also just got my first ever credit card and it only stated annual payment. I thought that was yearly. Now i know its monthly
7:41 that's what I was looking for. Thank you!
Subscribed.
Me too but I still don’t understand,
Like I want to leave a little bit for them to see that I have small credit utilisation but I just don’t know when it is reported to them and when to pay for that to happen
Thank you for this information. First generation of using credit cards my parents aren’t from here so this stuff is all so confusing, they don’t teach any of this in school. Thank you, God bless
Thank you for this video and all your content
The best info ever thx
Thank you for this informative content and I can say for certainly that is is absolutely correct. I pay my credit cards off in full every two weeks, when I get paid they get paid. My credit utilization is always below 10% I only spend what I can afford to pay off. I applied for a loan (unsecured) to have my bathroom remodeled and when they ran my credit my score it was 909 they gave me a loan at 2.99% interest rate the lowest introductory offer. I learned the hard way like everyone else to educate yourself and respect the power of budget and spending.
Great video! My situation is that I can't afford to pay off my credit cards, but once they are paid off, trust me, I will be using this strategy.
I love this! Thank You 🙏🏾
I saw in the background that someone is a fellow Marine. So I subscribed. :)
Thank you for your time. Just recently found you as well.
BRAVO!!!!!!!! BRAVO!!!!!! thank you for the information and making it simple to understand.
Great video. I don’t worry about utilization because after I pay off the card my score usually goes up. This is only a issue if you try to get a mortgage or car.
I currently have a 680 and always pay my card on time … however my utilization was pretty high the first few months 😭
Been following this strategy for a few months now. I have to make several payments a month just to keep my utilization low.
Keep up the great work!
Yuup..did same 👌😎
Keep up the GREAT work Naan!
👆👆✍️🛠💰
Thanks dude! Good solid advice.
Thank you 🙏🏻 Handsome & Smart 😁
Improved my credit score by 20 or so points and just got a credit card. Thanks so much for this video.
Thanks for the educational tips ive learned a lot from this video
Just scrolling and seen this, will say you broke it down easy. Straight to the point. No fluff 💯💯 people need to know this.
Should also do a video on FICO 10 that's coming out at the end of the year that's going to affect everybody's credit.
Yes plz 🙏🙏🙏
We need to be Credit 💪🏼
Also which bureau does each bank’s CC such as BOA & Wells Fargo use when they check ur credit or report to.
Yep. This will go back 24 months.
This will further make the rich be rich and the poor will be poorer.
Thank you for the awesome content
What is FICO 10?
The Fresh Out Of The Boat parents! The Jesus Toast! LOL Love your sense of humor.
Other Investments or Businesses might need up to a month to give you profits which might not even be guaranteed because of their high rate of losses, Unlike Crypto currency trading where your profit is gotten weekly and is always guaranteed when you're in the hands of an expert trader and best of all, it has little or no risk because of the technology and software being used.The profit that you make is judged by the investment made, the higher the investment, the higher the profit and vice versa
You can earn over $50,000 in just 2weeks of investment
Thanks very helpful
I try to pay some ever Friday because if I wait then im sure im going to spend that money on unnecessary things like wants and not my needs...
Simple. Straight to the point
I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *850 credit restoration* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.
Thanks for the advice appreciate it naam
Thanks for the tip👍🏾 ima try that
This is big help.. thanks!
Oh snap, you’re a Marine?! ❤️🤙🏼 i peep the SGT rank 😏😎...love this channel! Getting my credit card soon...
I have 11 active CC's & I've been paying in full 5 days before the actual due date for the past 6 years. It has been a superstition/OCD for me. It does help with the score. Great Vid.
That seems like a lot of work to keep track of. I just pay them off every weekend.
@@fitybux4664 I'm trying to get my first credit card but am still hella confused and I feel like this video confused me even more lol. Why do you recommend every weekend?
@@jayceyallen7745 I would recommend checking your credit free first. Find some site that lets you do it free, there are many. (But beware of scams of course.) Once you know your credit score, you can know what kind of credit card you should apply for. (There are search engines for that. Again, beware of scams.) I recommend every weekend so it becomes like a habit and so you never miss even one payment. (ONE MISSED PAYMENT will sink your credit faster than a rock.) There is no reason to owe something to a credit card company if you can at all avoid it. I currently have around a dozen cards, my credit is perfect, and I just use them for their rewards. (There can be rewards even on a secured card if you're just starting. Like Discover Secured.)
Congrats on getting your first credit card!
what about paying them immediately (Same day or days after) after using the card?
@@chrisWTG Not always possible. That's why I suggest weekly. Not always possible because sometimes merchants take a day to settle the authorization of your credit card. That and you wouldn't want to double pay your balance. (Credit card companies don't always update your owed balance until a day or two later also.)
Thank you for your service brother. Semper Fi
Thanks Naam! New subbie
Naam, you're the real MVP!
There’s one thing these videos tend to forget to mention which got me confused for a while. I heard pay your bill in full..so whenever I charged something I always paid it a day or at most a week later. So I never had a bill with any balance. Wrong thing to do. Wait for that bill then pay it. If you have no balance when the billing cycle comes around then nothing gets reported to the credit bureaus. So for that billing cycle leave a balance and then pay it so it’s reported to the bureaus as a paid payment which looks better then no bill at all.
I was honestly confused about that part too. Thank you for making that clear for me. I just turned 21 and starting to build my credit so I want to start off on the right foot.
@@abigailblackwod4960 I’m proud of you! 👍🏾
The balance should preferably read 30% or lower correct ? Thanks
I’m not sure I’m following this. Are we leaving a balance on the credit card until the payment due date you mean ?
Also do you need to leave a balance on all your cards? You just at least on 1 card ?
Thank you so much
Nice! Thank you for your service Marine.
Thanks for this information. The way you explained credit card payments is just how I have been doing it which helps explain my credit score. Now I have a greater understanding!
How do you pay your bills ?? All that verbage lost me. Can you explain to me. Please I'd appreciate it...thank you
@@susiealamillo5140 I pay the total balance of each card that I use every month. So, if I charge $3000 then that's what I pay before the due date or on time. I never pay the minimum due. Interest rates are too high on credit cards so it takes longer to pay the balance off and cost more. That is how you can have a credit score of over 800. Hope this helps.
@@shonnie089 thank you. 😊 so much
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by *CyberHackSpy202🪐net*
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *CyberHackSpy202🪐net* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Some countries don’t do loans. Not even on houses. You pay cash
Please don’t use your personal credit for a house or car.
I only buy things with my credit card that I have the cash to pay for it but I use my credit card to build credit history, yes not everybody manages their finances well, but that’s what I personally do so I don’t feel like I’m overwhelmed and in debt, but credit history is very important, as well as your income and the amount of money saved, it’s best to manage the three altogether for a better chance when buying a house or other important things like that
Naam, I love when u say “Utilization”
I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
Lol. I remember someone comment that they hated when I said it. Like I pronounce every syllable. I don’t think I could say any other way. Lol
I like it when he says "bureaus"
Remember, paying after the payment date will upset your credit boos.
Awwww Boo, why ya gotta be so sad? It's just a laptop.
Ok. I’m subscribing and follow this dude. Good job. I need to take notes. I like the auto payment function. Where were you in my 20’s