2021 Increase Your Credit Score FAST! (Boost FICO Score to 800 or even Perfect 850?)

[@ProudMoney]

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[@Surfer041]

Went from 602 to 811 in less than 4 years. Now $48, 350 in total credit + Amex Gold with no preset limit. Thanks Adam and Ben Hedges.

[@joecarrillo981]

You’re the first Credit KZbinr I’ve watched to actually clear up the “On Time” payments. I’m glad to know it’s more like 30+ days rather than only one day late. I won’t be nervous about rushing to the post office like I use to 😅

[@allyoopdan991]

@sdsteve1000 🤣🤣💯

[@cykilledkenny]

Yes! When I was less financially responsible and racked up my cc debt, I ended up with about an 80-90% credit utilization. I then spent a good 8 months paying it all down completely from two CC’s, about $17k, and my score which was hovering around mid 600’s, jumped to high 700’s by the time I paid it all off. Now I’m sitting pretty in the 800’s, even hit 830 last time I applied for a new CC (still got denied tho.. USbank lol)

[@ProudMoney]

Ha, US Bank is ready and willing to humble any credit score 😄

[@KageTV]

Yes people talk about chase credit cards being hard to get. Lol they need to apply for a US Bank credit card. I have a card loan with them. A bank and savings. 750 credit score and still got denied. I have been with them for years and that didn’t matter. 😂😂😂

[@SoloTravelGuyNow]

I paid off $7000 in credit card debt. Two credit cards. Paid off my car. Five year loan. My credit score did not go up at all. What the hell is that?! What a racket!!!

[@morrillc]

It should have, unless there is some other mitigating factor. Hope your score increases! 😉

[@77Joseph777]

The problem is you paid off your car loan. Believe it or not have a car loan actually helps your score and having a minimum of 2% revolving on each card is optimal. Having a card report 0% shows that the card is not being used even though you do use them. Just the rules to the game…

[@MyMccarron]

Ive just paid all my debts/defaults and score has gone up but not as much as I had hoped and I can't get a credit card UK!

[@denisef1153]

I just paid off a 3-year loan, my score dropped 14 points. I took out another loan.

[@blkbeauti05]

Update: Listen to this man ok. I went to bed and woke up to a 75 point rise. How? Because I had one last collection waiting to drop off. I am now at 753 Fico. Just a FYI, I was at 544 March 2020.

[@scepz]

I was at 423 now I’m at 566 sheshh

[@jollama]

@@scepz sheeesh is right, never seen a score so low

[@Mr.MikeTarrab]

@@jollama lol. I'm a car salesman, I've seen it.

[@o.c.g.m9426]

Keep that score up/stay debt free brothers. The way this economy is going you don't wanna owe anyone

[@blkbeauti05]

@@o.c.g.m9426 And Sisters, thank you.

[@amberlawrence1383]

I can listen to your videos all day!!! Thank you so much ☺️

[@mystudent11]

I am a first-time listener and was impressed enough to become a subscriber. Though I have over a 700 credit score I am Stilll looking to increase it over 800.

[@chrisbrown8748]

Good info. You broke this down better than I tend to when talking to family and friends so I’ll be sharing this video with a few folks who just never seem to get how to manipulate their credit utilization to their benefit.

[@ProudMoney]

Thanks!

[@richforeverbeeweezy7045]

I worked with Mr Bruce on bellabrucehacks dot c0 they fixed my credit score and I'm proud to say I have 802, come back thank me later.

[@blkbeauti05]

I keep my utilization low, low like 2%. My credit has been moving quickly.

[@taylormadeharriswheels7079]

My card reports on Monday 2/8 I’m going for a 5-6% report of utilization to see if I can get a boost. I hear 1-9% gives a better boost than 0%

[@blkbeauti05]

@@taylormadeharriswheels7079 1-9 is best. Your credit will move swiftly.

[@taylormadeharriswheels7079]

@@blkbeauti05 thanks for confirming this I can’t wait

[@mikesmeltzer8930]

So in July of last year a had a score of 561 got a secured discover in January my score was 768 discover gave my money back and increased my limit to $1800 my score is now 710 because I paid off a car loan.

[@77Joseph777]

Yes paying off the car loan will drop your score.

[@donatelloslappafello1108]

I understand that signing on to someone elses credit card as an authorized user will boost your score, but personally i would never do that even if my score sucked it just sounds like a potential problem. If it takes a while it takes a while. The fast credit score smacks of fast weight loss tactics they might work but actual habits are what work long term don't buy stupid shit you can't buy with actual money is a good plan. If you make 50k a year a 50k dollar car is stupid. Don't be stupid.

[@cadetdiaz]

My credit would almost perfect in exactly two year and I don’t have to do nothing other then wait. 🌟

[@mikeross883]

Great for Americans with authorized user but doesn't work in Canada

[@BlackJesus8463]

Age of accounts is the most important factor. (my bad)

[@kermitefrog64]

Here is the other thing I don't get is with a 818 credit score and I pay off my credit card and yet Chase will not approve. This is crazy.

[@Adiscretefirm]

Did you get on the wrong side of their 5/24 rule? They don't waive that, ever.

[@JohnsCreditAndFinance]

I really want to get to a 750-800 score but I currently only have 700+ with a bunch of cards. I think all my cards might be affecting my score from going up? Because of my age of credit history being debunked a bit when opening a new card i.e credit karma says? 🤔 I’m not 100% sure..

[@scottivlow9962]

To get your score up getting your utilization at or below 20% under 10% would be better and with all your cards this with each payment on all your builds history this will increase your score but it will take time. I have one credit card for less than a year and my FICO is 750. I just graduated from a secure card. I also pay my statement balance in full every month. It will take time for my score to go up because my credit history needs more time to build up. I can probably increase it faster by getting another card. Which will increase my utilization and my credit limits.

[@RayBeliveau]

Does credit utilization look at the total balances to the total available credit, or does it look at cards individually (like having a higher % of utilization on one card versus the others)?

[@tonydiaz7038]

@ Ray Beliveau he’s messing lol don’t die ok

[@FeatherstoneApothecary]

yes they look at the total

[@kawaiisenshi2401]

Both! I found this out the hard way. They want each card Ideally under 9% but anything 29% or under is good. My utalizing is 16% but since ONE of my five cards is between 30%-50% my score does 41 points 😬

[@JoseFernandez-wu8pj]

@@kawaiisenshi2401 shit my average UTILISATION is 41%, I’m hopping I can bring it down to 28-29% by or before April 2022.

[@tonysudano778]

Both. Spread em out a little. Don't put too much on 1 card. And make sure to use all your cards at least once every 6 months, so the banks won't cancel your cards.

[@pegatheetoo1437]

When you are able to change your score, that tells me that it's a scam at its core. If it was truly based on what they say, you wouldn't be able to change it by doing anything but paying off debts.

[@kailalopez5169]

My dad added me as an authorized user with the intention of building my credit, to well-known MasterCard card, and we were told repeatedly that they do not report authorized user information to the bureaus. How can we determine which cards will report for authorized users?

[@jasonjackson329]

Different banks and cards report to different ficos , some use trans / some use Experian. Etc etc But I know for sure capital one does report for added users. As well as Home Depot , so most likely the one your on. Also does. You just need to find out which fico to check. Plus fico won’t move much without something else like a secured card in your name or a car or something else

[@terrenceevans9821]

Capital one does report authorized users

[@timothysnead2582]

Usually if the card requires your social security number, they report to the bureaus. If they don't require your number it won't show.

[@10sLiss]

One of my cards was recently closed due to inactivity. Would it be worth taking the inquiry hit to apply to reopen it due to the 14 year history?

[@scottivlow9962]

It's only 10 points on a hard pull. After each statement report it will go right back up again. It will go up anyway with each statement report whether or not you reopen another account because your credit history will carry on.

[@viksingh4584]

I paid offf my complete loan yesterday which was my ONLY TRADE! Instalments loan and my score DROPPED from. 630. To 586… so frustrating !! I was trying to boost it ASAP because I’m planning to buy a car in July! ANY SUGGESTIONS HOW TO INCREASE SCORE IN 30 days? So I can get car approved.

[@jollama]

Legend has it, he’s still waiting for an answer

[@SoloTravelGuyNow]

That is exactly how I feel with paying of $7000 in credit card debt, paying off my auto loan. To get ready to buy my next car. My credit score to not go up at all. What kind of bullshit is that?!

[@ingridmartinez3839]

That happened to me, I got rid of the collection I had and my cards are at zero utilization and I was docked 20 points!!! 😡

[@77Joseph777]

@@ingridmartinez3839 have each credit card report a 2% balance of each credit limit per card and your score will increase. The FICO Algorithm will kick out the card that show 0% utilization because it appears that you don’t use those cards even though you do.

[@alecmejia3555]

Hi! Really cool videos, I found a lot of information here, thank you! I do have a question, what if I become a authorized user on a good card (good history, big amount of money) and then, for x reason we have a late payment, of course that will be reflected on my credit history, but, what if I am being removed from that account, I am still going to have that late payment on my history? Another question that I have, how long I can wait to remove an authorized user from my credit cards? Thank you!

[@jollama]

If I had a nickel for every time I encountered someone who forgets what Google is…

[@rywestmoreland6580]

Love your video. I enjoy listening.

[@ProudMoney]

Thank you!

[@samkawer]

Does putting your credit card payments on auto pay help your credit score

[@SuaveLlaveBlog]

I don't see why it shouldn't. Since it's automatically paying it on time you are not going to miss on payments, no missed payments means you look good to the creditor. The only down side is if you have automatic payment and your checking does not have enough funds at the time then the payment may not go through and it'll hurt you. I suggest keep auto pay on but also have alerts on your bank with payments, cash in and low balance reports.

[@JMC.LifeMastery]

@@SuaveLlaveBlog well said. Great suggestion also

[@FeatherstoneApothecary]

yes but the key is to keep it available but not use it. I was advised to not use over 25% of the balance at any given time.

[@loonietoon98]

Experian is actually my lowest of the 3

[@abraham2699]

How long does a credit pull stay on your score? 2 years? 1 year?

[@o.c.g.m9426]

2

[@jemuelfranqui4236]

I got a question. If i spent 75% of my available credit, what is better, to pay my debt completely or to leave a 10% of the debt and not pay it in a full?! I have never had some answer that question for me so if you could clarify that point I will be so grateful

[@jalabi99]

Keep your total and individual credit utilization below 10%.

[@superbobbyj25]

Pay that shit off completely every month big fella. I have 3CC and I now pay them completely off every month.

[@jollama]

Imagine spending more than 10% of your credit

[@BrooklynCashmere]

Pay it down to less then 4% (2% seems to be the sweet spot for me). I use to pay cards off 100%. Left a 2% balance by mistake and gained 20 points (FICO). Sounds backward but they wanna see you MANAGE credit.

[@optimalorlando]

I'm sorry but nothing new here just credit info for a newbies. On the authorized user I've heard it's not as useful as it was in the past. Plus you never mentioned trade lines, CD's and SSL's thinks like that or even the ability to dispute inquiries that never translated to a open line of credit...

[@favdup2134]

Love it! Thank you

[@zacharydingo]

Is any company using version 10 of the FICO score yet?

[@SideMike]

Great video as always!

[@ProudMoney]

Thank you!

[@TheTyson35]

Cool vid.. great info

[@ProudMoney]

Thanks!

[@lululeaes4888]

How can I write to the 3 credit bureau s and what are their addresses?

[@Dannyjeon1]

This was informative thank you sir.

[@malikbronson2910]

CREDIT 101 U Get To It And Break it Down Fluently Good Job Knocked out the Park!!!!!!!!

[@duanekornegay4546]

Thanks!

[@ProudMoney]

Thank you!

[@jonathanfactor6688]

Great video thanks

[@interestingcomments5178]

Does FICO count authorized users into their ratings?

[@koreypaul6698]

The on time payments and added utilization from AUs help

[@NELSONG12]

Great info Adam

[@ProudMoney]

Thanks!

[@TheLadyCheriNoir]

Can getting a secured personal loan & paying it back in installments help build up one's credit score?

[@cptnstabin88]

Depending on the interest they are charging you. A lot of secured loans charged between 22 apr - 180% apr. It helps you get your foot in the door if you have bad credit and are planning to pay it off quick and not lose your collateral.

[@mashmash7877]

makes huge difference when you keep all your credit card debt spread out amongst your cards. If your just using one card and rest of the cards are nothing then your credit score will take a huge hit.

[@kermitefrog64]

This is what I don't get. I have a 818 credit score from Experian but time and again I can not get a Chase Freedom Credit Card. I am baffled.

[@AnitaVMoore]

Do you have savings or checking account with them...Relationship!!

[@dustinstratton5357]

Or Chase's 5/24 rule

[@lovly2cu725]

CHASE IS WOKE

[@gabbyolmos]

I just applied for a mortgage and my middle score dropped 22 pts the others dropped 7 each. How soon can I apply for new credit once my loan is funded?

[@cardojp]

If you closed and the got the house i would suggest waiting six months because some lenders go back and check your credit score again

[@theguudstuff]

Thanks

[@viewfromvenice2912]

I have a zero balance and they dropped my score 21 point to 745 wtf kind of shit is that

[@viewfromvenice2912]

@A E that’s some scammy shit bro

[@turt1231]

I had a 850 credit score and i started to pay everything off! now i am down to 807 as they take few points every few months since i don't have any debt... not sure what to do to increase my score back to perfect score without going into debt again... At this rate they will drop me down to the 700s easy.

[@turt1231]

@@viewfromvenice2912 Is messed up for real...

[@viewfromvenice2912]

@@turt1231 yea that’s crazy bro. I guess they want you to stay in debt!

[@kamilsultan1637]

Report 1% utilization on statement date of one card and 0 on all others

[@erickeith1001]

My scores are behind 730 and 760 within the three credit bureaus but I keep getting turned down because of a bunch late payments in 2015 :(

[@jollama]

Imagine having late payments

[@nikki66972]

Pay down your cards to within 2% of the credit limit or lower and you'll see your score go up

[@obbyjimz9335]

Too many damn credit reporting agencies!

[@jollama]

Your point is?

[@obbyjimz9335]

@@jollama you probably work for a credit report agency.

[@jollama]

@@obbyjimz9335 I’m a 19 year old in college 😶

[@lovly2cu725]

3

[@markmcmillan6254]

blah, blah, blah! Nothing useful here. My score hovers around 790. I say hovers cause I pay all chit on time and my score drops 5 points....for no reason. and it takes months to get that back after doing everything right. That whole system answers to no one. Total BS.

[@MrOmgfreak]

it drops cuz u pay your card off in full dont do that ! u are suppose to carry a very small balance every month like a 2% utilization i have 42 cards each one has a 3% utilization to show there all active and are auto paid on time when u pay them all off in full with 0 utilization u can loose a few points for sure they dont like to see that! any one can pay them down to zero they wanna see how u handle credit multiple lines while keeping your utilization below 30 or 10 percent 3% they love seeing that. i have a card with a 5 k limit i spent about 40 dollars of that card a month thats 1% utilization so instead of paying the 40 bucks back ill give them 32$ back an let the 8 bukks carry over thats how u do it 1% utilization looks better than 0 utili they want to see some activity with low usage!. thats how u do it. my score has stayed above 846 for years by doing this.

[@alyariel9713]

@@MrOmgfreak 42 cards?!?!!? Woahhhh, bless you!! You probably have a rock solid system. That's amazing!

[@cd5205]

@@MrOmgfreak This is exactly the same thing I do as well-but with three cards. I only use credit to buy things. I pay off each weekly that way I can control my spending by seeing how much is left in my checking account. I never buy something with money I dont already have. but then when the billing cycle is about to end I make sure I stay below 10%. I’ve found that going above this percent brings my score down even by a few points. And then I pay all balances off completely the next day my bill is available. Rinse. Cycle. Repeat.

[@SoloTravelGuyNow]

I couldn’t agree more! It’s a racket for sure! Total scam!

[@landonbarretto4933]

For sure. And my score, high 700s, should be over 800 'cause I put at least $18 thousand a month on my Amex Platinum card and pay off, but because I have no mortgages (have 3 houses), no other loans, no car loans, it's not over 800. The credit bureaus want us to do things not in our best interest but in the finance industry's interest - that is, have debt that you reliably service. A total scam.

[@sanarbekdubanaev7595]

Good morning

[@tusikkkk]

e

[@sugarbear1225]

👍🏾

[@latashavizcarrondo4402]

Great video