How to Get A PERFECT Credit Score For $0
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- čas přidán 4. 12. 2023
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YOU REALLY, BROKE IT DOWN 👇 ... BABY STEPS ... WELL DONE ..
Do you show people that purchase the subscription how to open an investment account and also how it works? For those that know nothing about investments.
Imagine sweating your ass off to get a credit score in a country who can't handle their fiscal responsibilities but will actively punish you for not staying on top of yours.
Totally agree
Excellent comment.
It’s better that being poor
Yea well it's capitalism at it's finest...if you don't like it perhaps you want to go back where you came back or relocate hun
@@imanjones3807 Imagine thinking this is capitalism. You should have stayed in your college safe spaces. 🤡
Have you ever noticed when you use credit it goes on your report right away and when you pay off your loan it takes forever to reflect on your credit
Yes!! 😂
Credit companies report balances as short as every 5-7 days. (Weekly). Just info to know.
The small hat credit system keeps ya financially enslaved.
Yup
Exactly 😞
Currently went from a 560 to a 725 in 2 years, very proud of my score.
Would you say that you followed the tips in this video? Or did you do something different?
Any advice?
Any tips? I'm currently at 605
Yes. Same thing to me from 639 to 725 in 2 years by keeping total utilization under 10% and no late payment in 2 years.
@@Davies27549why did it take so many people two years to achieve that? im confused because i got my first credit card in january of this year and my credit score is 781 today
We paid off our house, and my credit dropped 30 points in the following months. It's currently as low as I can ever remember it being, in the low 790's. Paying off debt apparently isn't how you get credit scores up.
Duh they want you to stay in debt FOREVER!
Correct. If you refi or buy another more expensive house, it'll go back up. If you're debt free, pay cash for vehicles and have only one credit card like I do, your score wont even hit mid 700s
Yes, removing the positive scoring accounts from your credit hurts your score. What a mystery.🙄 Are you also confused when removing negative scoring accounts raises your score?
Then why would you need credit? Credit score is your ability to pay back current loans to see if you can handle more loans based on the credit bureaus criterion. If you have no loans, you have no need for a credit score
yeah WT heck! same here
Here’s a tip for parents with teens. Put them on your credit card at age 14 as an authorized user without telling them. We did this with our daughter and now she’s 20 years old in college with a 790 credit score. 🤑🤑🤑. We told her to check her credit score on her 20th birthday and to our surprise she has a 6 year credit history and on her way to financial success.
They really need to stop allowing parents from doing this. For every 1 child like yours, theres 10 kids like me who get the pleasure of dealing with debt collectors at 18 for things their guardians bought.
@@SpoonHurleri see this problem on financial audit, the children getting destroyed by irresponsible parents
@@SpoonHurler wow, that’s crazy. Sorry to hear that
@@SpoonHurlerAuthorized users are not responsible for any debt on the account. Also, if your parents are irresponsible and misuse the credit card that you are an authorized user on, you can have the activity removed from your credit report. It's completely harmless. I'm not sure why creditors were after you at 18, but it wasn't because you were an authorized user on your guardians account.
@@SpoonHurler the banks better not stop allowing parents to put their kids on their credit cards as AUs. That debt collector comment is BS unless your parents committed fraud when adding you. Now if they were just degenerate spenders you have recourse to remove those bad marks from your credit profile.
Bonus- to boost your score, pay credit card bill before the end of billing cycle, NOT your due date. It is weeks before the actual due date.
The US Government should watch this video lol
Yes, they're sub-prime for sure.
@@clearvaluetax9382 lol that they are
All good info. I was well into my 30's before I figured out most of this. They REALLY need to teach this in High School, as well as preparing a tax return. Schools desperately need a class on being fiscally responsible.
I wish schools would teach this too, but they're too busy trying to indoctrinate and teach kids about gender and pronouns.
The reason this isn't taught in schools is the same reason investing in IRA's 401K's and HYSA isn't taught in school... the system is designed to keep you dumb and broke. The system wants 9-5 slaves. Most people are.
I totally agree on this
financial education is severely lacking in highschool, almost by design. instead they force teens to learn math that won’t help IRL. Financial and societal principles/values should be high priority subjects
They should be teaching how compounding interest works but our math education is way behind the rest of the world so it’s kinda pointless…
I'm at 767 came all the way from 550
That’s excellent
Nicely done! How long did that take??
@@sic1six 9 years now
How long did it take
I've worked in finance my entire career, auto's, mortgage, RV's etc. This information is true and correct.
During my working career, my credit score was just above 700 which was fine. I then retired and on a fixed income. Both of my vehicles are 20 years old. My travel trailer was bought with cash. About ten years after retiring, I paid off my mortgage quickly with double payments and then a lump sump payment for the final payment.
I then started paying off my credit card balance shown EVERY WEEK. My credit score then jumped to 840. It really doesn't matter now, because at my age, I don't plan on buying anything expensive.
And it's a great thing you paid off your mortgage.
Excellent!
They probably want you to buy more stuff in credit
Don’t say that.. of course there’s something you can do. You can co-sign for me 😁
You can get lots of perks...points to travel, getting luxury hotel suites etc.!!
I have had that for over 30 years, simple... just pay your bills in full before they are due, live below your means, keep ratios low..do not carry a balance. Keep some credit cards and never cancel them even if you stop using them because it provides history.
I just paid off both of my car loans. I was so happy.. then I found out it lowered my credit score... that is annoying 😑
People are dense when it comes to finances. They think they need to be debt free but this is a silly way of looking at finances. Building wealth doesn't come from being debt free, it comes from developing assets that increase in value over time. Generally, this is a home. But the ideal scenario is a set of assets that increase with compounding interest (401K, index funds, etc.). Eventually those assets will be worth more than your debt and you will have a net worth. That's the key, developing a net worth not necessarily being debt free....
Is really stupid! Everytime you paid off your debt, goes down up to 20 points! Doesn't make any sense!
It’s like your a better credit risk if your actually using credit rather than just having credit available.
Just a few months, unless you plan on making another big purchase
Happened to Me in May when I paid mines off
‘A low credit score is a universal turn off’
damn 😂
Credit is the biggest bullshit in American history
Brian, you've consistently produced quality, informative content on this channel for years now. We salute you for your service, my good sir!
Simply the clearest explanation of how credit scores work that I've come across, Thank you.
Thank you for sharing your wealth of knowledge Brian! There are so many "credit repair" companies taking advantage of people.
Owning 10 or more credits cards and only using 2 or 3 sometimes with low balance or early payoff can increase your credit score greatly.
I can say this the credit score will never stay the same it goes up and down all the time I’m 720 to 750 down to 680 back to 750 all under one year I only have 4 credit cards 💳💳💳💳😊
My mom has an 862 credit score. I didn't even know that was possible
That makes no sense because 850 is the highest you can go
@@creed200569mine is 870.
😂 he said you treated like you’re coughing during the pandemic😂😂😂 his conservative, comedic ,
twist I just love it😂
Out of all the videos on CZcams about this, yours is the more efficient, well explained and more clear. Thank you for sharing chinito 🙏🏻
Possibly the most sound advice I've ever been given on how to build my credit. I struggled when i was young and tanked into the low 5s. I've not been able to get into the 7s yet. Now i think i understand why. Ty Brian!
Recently started making good money since the pandemic but my credit scores 600. Got some work to do, needed this video, Thanks Brian!
Great info. I have taught my son that there are two things he needs to get through life with ease -- good friends and a good credit score.
Brian, an excellent visual representation of how credit works! Thank You 👏🏾
This should be required viewing for all high school, technical school and college students.
Very well done video, trying to answer almost every question most people ask while keeping the video moving along. I have had the benefit of correcting my Credit score and I can say you are going to help a huge amount of people who finally want to start helping themselves.
Valuable info Brian. Thank you so many of us were never taught anything about credit.
Awesome information Brian
I'm in the middle of this process now
My credit is good... not too far away from 700
Great video
This video should be shown to every single person graduating High School.
share to your friends and family, and maybe on social media. These videos need to be shared nation wide.
@mandowx1-They would be playing with their phones instead of watching it, and also their attention span is measured in seconds.
👏🏾👏🏾👏🏾👏🏾 excellent video!!! You helped me understand credit more with this video. Thank you
You answered my questions and gave me peace of mind I’ve been stressing over getting my score to excellent but now I know I’m GOOD as good can be 😊
This is the most clearest advice and explanation of credit score and credit card usage I’ve ever seen great job😊
That’s so kind of you, thank you!🙂
This should be taught at home at the dinner table and by the start of junior high school. Period. 💯
I like the graphics on this video. It makes it easier to comprehend than just watching you talk to the camera.
Call the creditor to have them remove the late payment. They will IF you are in good standing with them!!
I don,t have credit card for 15 years and I breath perfectly, 😂
Thank you for the tips. Much needed by yours truly.
I think it's a good idea to place a freeze on your credit at all 3 so no one can misuse your ssn.
Great advice, honestly!
Yes, absolutely!
I’m kinda new to the channel, I don’t think I’ve ever seen you smile before. It’s a good look for you 😊
Loved this!! Thank you for your expertise!!!
Thank you for pretty much explaining and advice on tips. Liked the breakthrough on credit score level 👍
Always looking out for us Brian! Thanks 👍👍
10:00 best tip. happened to me also. i now pay the cards weekly.
I really enjoyed this video. It was informative and I truly appreciated the teacher/instructor tone you have. That made it easy to take in the information. I hate fast talkers which come off as hustlers.
Love your honesty!!!!
My credit score is practically homeless and it annoys me when people bury the info I actually need.
Thanks for this. A lot of us have improving our credit as new year resolutions. We can get an early start 🎉
Why wait for new years!
Thanks, you make it so clear to understand
Despite watching many similar videos, this one is the most clear and easy to understand. Thank you.
THANK YOU!!
Thank you, Brian. This was extremely helpful!
“Neither” that’s todays lesson 😂
😅
This page has saved me from myself and I mean every letter of this, THANK YOU
Well done brother 👊🏾
Thanks Brian for the information! Happy holidays!🙏🙏
Great video.. good job.. I knew most of this except for when the credit company reports the charge..
Great video Brian....so many people need to know how the system works and the tips to work in their favor.
Great video. Love the positivity! ❤
Thank you sooo much, you have no idea of how much this has helped me. GOD BLESS YOU! 🙏🏽💪🏽
Thank you Brian for all these tips!
Thank you so much for this wonderful video. I think it’s the best one you’ve done. I learned so much from this video. Thank you for explaining everything and making it simple to understand. Keep up the good work!!!!👍🏼
thanks for the helpful advice.
Thank you for sharing this message Brian
I love it when people use the proper use of the word an right off the bat.good video.
Wow..Every School Kid should watch this. I asked my 20 year old Son to do so and then discuss it with me. Superb content that shines above the dross..Thank you very much.❤
Having been all three, I like super prime seating the best. Personally, we are wickedly over extended (imho) and of course utilization is high as well, but they still keep offering us credit right and left, it's unbelievable. Thank you for tip #2, I just used a credit card because they were going to close the account (not one I want to close, high limit) so I charged something small just to keep the card active. Thanks Brian, have a great day!
Its annoying how quickly they reduce your score if you make large purchases, yet they are slow to give you the points back or don't give you the same number of points back when the payment gets paid in full by the due date.
Thank you for the great advice!
Ugh, I did close credit cards once I paid them off, no one really tells these things in your
20’s
We need more videos like this!
Thank you so much for this. Helpful material. Happy holidays!
I’m super thankful for this timely information 😊
Great information except for one thing. If you are trying to save the interest charges or keep your utilization rate down, you need to make a payment to your credit card no less than 3 days in advance of the statement date. Most people do not know what the statement date is. It's sometimes hard to find on your statement, but this is the date where the interest is charged and the date the credit card company reports to the bureau's.
Oh wow I was just wondering about this. Thank you.
I always pay off my credit card as soon as the charge is listed to avoid any problems and my cc and checking account are linked.
@@daindigokid You're welcome if you have any more questions just posted here.
@jf-be4zy Okay, technical question. You say you pay it off when it's listed, guessing you mean on your statement. This means it's already passed the statement date.
Awesome content man. Really good tips
Thanks for knowledge man. I appreciate the videos 👍
Your 837 score is great. Mine is presently 826 and climbing. Thanks for the video.
Thank you for your videos.
Ah yes credit score. The American equivalent to social points on China.
🎯
Not even close.
More the opposite. China is trying to model rep as social "credit." Nice try though.
King you always bring us TREMENDOUS VALUE!!!!!!!!!!
Brian you have always been the man!
Didn’t know 720 was the threshold for super-prime. Sitting at around 705 right now and getting ready to pay off my zero% APR cards soon
Epic video!! Highly recommend showing this to anyone who does not have credit and is thinking of opening a credit account.
Fantastic video! You covered all the bases and were very clear. I will definitely share this.
almost 2 million subs!!!!!!!!!!!!!!!!!!!!! thank you for the video kind sir!!!!!
If you’re in the 500s, you get looked down upon like coughing during the pandemic.
Absolutely hilarious.😂😂😂😂😂 good one
My wife and I have been in the 830+ for the last ten years. Never have gotten to 850.
After you hit 9 years did you score go up
Great information!! Shared with family & friends!
All great info, thx Brian!!
837 is a solid score. Mine has been over 800 for a while, currently 814.
8:00 I use credit arbitrage and often have a balance on 0% apr cards while generating interest on the money during the intro APR period. I either pay it off completely or do a balance transfer at 3% to another 0% card to continue generating 4.3-5% interest.
You should do an arbitrage video
How are you liquidating
Excellent information, Brian. Thank you.
Great video. Thank you. You have answered so many of my questions.
It would be nice if early payments give boost to credit like late does to drop your score.
Thanks for the video man. I watched 'til the end just because it resonated so much and really helped reinforce the ideas I vaguely had about it all.
It's a rough journey for the build it back team.
Thank you for sharing your knowledge. I've never had anyone teach me about finances.
Excellent video, you took your time to explain each detail
I have been following you for at least 4 years and I love all your videos, keep up the great job 🇺🇸
Thank you for the 4 years of support Shervin!
802 is my max score, i can never go beyond that because of my good debt(positive equity) on 2 houses. I rem when the mortgage lender sold my mortgage account(one of the houses) and was briefly in paid off status which was report to my credit. It jumped to 837 then when it showed that I had the loan with new mortgage company it went back down to 802....lol
I enjoy learning from your videos.