HOW A CREDIT SCORE WORKS (5 CREDIT FACTORS)
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- čas přidán 28. 07. 2024
- Welcome to my MissBeHelpful channel!
More from MissBeHelpful:
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’Til next time… PEACE!
Simple, concise, and understandable. Your videos are the best Yaneli! I am a life long follower.
Cynthia Vanderhoek thanks for always showing your support and giving your feedback Cynthia! You don’t know how much it means to me :)
Came from a family that nobody talked about credit and had to learn the hard way. Now it's a lot better and literally makes you feel like you can do anything.
OMG Same! I feel you on that! Knowledge is everything!
@@missbehelpful definitely! And want to share info but it's kind of scary if it's family who you know isn't so great at spending money 😬
This good information I appreciate it with ya pretty ass.
You are HELPFUL, indeed... Well thank you!!!
Diderot Gourdet You’re welcome!!!
Awesome video. You really explained that nicely.
How to get an 800 credit score Thank you!! Appreciate it :)
Excellent presentation! I now have Excellent credit because I followed your videos. Thank you so much for all your help!
That's awesome! Thanks for sharing!
Thanks!
King Dee You’re welcome! Thanks for checking out the video!
Keep that credit utilization low aswell.. maaaaad important
xSlickGod That’s right! That’s whole other video stresses it so much!!
This woman is brilliant
Hello MissBeHelpful, I am so appreciative that I bump into your channel and thank you for helping us keep some coins in our pockets! Are you able to make a video about tips on choosing a good savings account that provides consumers with a high-interest rate? And things to do and to avoid when having a savings account?
Yes! I'll make an updated version for 2019/2020 but in the meantime check out this one (czcams.com/video/8jfSZcOBaVk/video.html)
how old do you have to be to build credit thinking of adding my 13yr old daughter as a authorized user
Maka Miner That’s a great idea! Just make sure you always make the payments in full and on time! She’s lucky!
So beautiful and smart!!
If I 300 credit limit and I spend $30 for gas pay down that amount to $20 and leave 10 for small balance would that work
The $10 pay that amount before due date ,once they report the $ 10 rite
A great utilization ratio is 9% or less. Paying that $10 of the $30 would bring that utilization under 10%. Payments before your due date to help your utilization percetage is always good.
@Cognitive Harmony! , That is best practice, in my opinion.
Cynthia Vanderhoek so I’m doing it right
@@boxingoftheworld6206 In my opinion from an informed understanding, yes. If you want your debt ratio to be lower, pay a bit more. Doesn't hurt anything. Just remember under 10% is excellent.
Hello! I am a college student entering into my 3rd year. I have no debt/ loans of any type. I believe it's time to start building credit considering I graduate soon. What are some key things to note for someone who has no experience with credit?
does the average age of credit account for closed accounts? For example, when my student loans are paid off and they are closed, will they still count toward the age of credit (for the seven years they still are on my credit card)? In that same breath, once a closed account "disappears" from your credit score, like loans or closed credit cards, does your age of credit drop/change?
📝👍💳
D. Anderson that’s right take them notes!! Haha! Thanks for watching and commenting! I appreciate it
Hi,
i am confused with the "new credit" part. Is financing anything also comes under this category? Like if i finance a car, phone, furniture in a year will that affect my credit. Does financing more products(but not utilizing more money from the credit card) affects the credit???
Could you do something about W4 forms? I recently just got a job at a fast food restaurant for the summer and maybe during college. I’ll be making around 20,000 a year and I’ll be going to college to full time. Should I put 1? Or 0?
If you claim 1 then it means that a little less tax will be held from your paycheck than if you claimed zero. The more allowances you claim the more money you’ll get on each paycheck but then you’ll get less of a refund check when you file income taxes. If someone is claiming you as dependent still maybe put zero or if you’re bad at saving and want a bigger check. I’ll make a vide about it soon tho! Good Q!
MissBeBeautiful.
how can i check my score without hurting it
Ben Dover credit karma
Credit Karma anytime but it's not FICO - for FICO use www.annualcreditreport.com - but you can only check once per year!
it better to take it to 0%
Hi, is it ok to close a secured card that has been paid off? It’s my oldest card of 7 years?.
Rosalie Rangel no don’t do it. It will erase the age of credit and all the good points from that card
Rosalie Rangel What’s the reason you wanna close it? I’d recommend to keep it open if it has no fees attached to it because it helps you keep a record of borrowing and making payments on time
MissBeHelpful Thanks for the advice ✅
MissJayy thank you ✅
2nd 😍
continental grounds Haha! Thanks for watching!
1st 🌹
Qves Thanks for watching and dropping a rose! :)
Are you single ?