Hellow guys, Welcome to my website, and you are watching INCREASE Your Credit Score in 30 Days | How To Finesse The Credit Bureau Out Of An 800+ Credit Score. and this vIdeo is uploaded by therealmelaninking at 2022-09-03T18:06:41-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | INCREASE Your Credit Score in 30 Days | How To Finesse The Credit Bureau Out Of An 800+ Credit Score |
| Video Uploader | Video From therealmelaninking |
| Upload Date | This Video Uploaded At 04-09-2022 01:06:41 |
| Video Discription | Subscribe, Like, & comment In this video I teach you the importance of building your credit and exactly how to get the perfect credit score. Building your credit is very important and easy. Capital1(beginner credit card): https://www.capitalone.com/credit-cards/lp/referrals/?referralCode=0A3C2018&customerName=LINDA&programCode=6004&pId=502497 Add me on Snapchat! Username: kvng_sharif https://www.snapchat.com/add/kvng_sharif Instagram: https://www.instagram.com/shariftka/ Main TikTok AC: https://vm.tiktok.com/TTPdavg1nu/ you can get a perfect credit score you need to understand exactly how the credit score grading system works there are six different categories that you get graded on first i'm gonna go through all six of them then in the end i'm gonna explain them those six categories are payment history credit usage credit age total accounts hard increase and derogatory marks now the derogatory marks are a little bonus that might sound a little bit confusing but i'll explain at the end all right first of all your payment history makes up 35 of your overall credit score from the time that you get a credit card or any line of credit any time you make a payment on it that all gets tracked every single month so if you pay it on time they will know if you pay late they will know as long as you keep paying her on time and not being late this is positive in your credit report which means it increases your credit score but if you're late even once this will be very bad which will drop your credit score now the good news is anytime you make a minimum payment on your credit card that is still considered an on-time payment and a minimum payment is usually from 30.50 so worst case scenario at least pay that off i recommend you just have the minimum payment on autopay and the thing about late payments is they will stay in your credit report for up to seven years but let me share with you a secret more line of credit you have the less of an impact it will have in your credit score if you do miss a payment on one of those cards which we get more into that later on all right the second thing that impacts your credit score the most is your credit usage otherwise credit utilization rate this simply put means the amount of credit you have available to you versus the amount that you actually use which that number should always be under 30 minimum for even better results it should be under 10 but 30 is the max you should go so if you have a thousand dollar credit limit you should never go for 30 which is 300 the lower your utilization rate is the faster your credit score goes up all right third we have your credit age or you can call it your credit history now lenders look at this for your average credit age not your oldest credit age so basically when you get a credit card or any line of credit that starts your credit age and let's say you go four years without opening a new line of credit that means your average credit age is four years but if you open a new line of credit now you open another one four years down the line that means your average credit score will be now two years that number will be divided i'm not the best at explaining things but i hope that makes sense basically anytime you open a new line of credit your credit age resets the best thing to do is open up all your credit cards now so you can just wait and not do that in the future and also never close any old accounts because this would clean out all your credit age from that credit card all right let's move on the fourth one we have on the list is the type of credit lenders like to see different types of credit on your credit report this is things like a credit card a mortgage and an auto loan those are all examples of different types of credit so basically just get more different lines of credit all right moving on to Im here to here to teach you about how to make money online, how to build a clothing brand, how to budget your money, how to build your credit score fast, how to get rich, best advice for 18 year olds, Skills to pick up at 18 years old, how to invest in stocks for beginners, how to make your tiktok videos better, how to make 6 figures on etsy |
| Category | Entertainment |
| Tags | melaninking | how get a build your credit score | How to Increase Your Credit Score | how to increase and maintain a high credit score | 5 Ways To INSTANTLY BOOST Your Credit Score | how you can work to improve your credit score over time | credit cards for beginners | how to be a millionaire | how to increase my credit score in 30 days | how to increase your credit score 100 points |
