All Credit Score Categories Explained (What Makes Up Your Credit Score?)

[@HonestFinance]

Comment below if you learned anything new from this video. 😎

[@loveandgamingxx1744]

Thank you for this

[@HonestFinance]

You’re welcome! Feel free to share it w anyone that’ll benefit

[@kiarablansett1981]

How can I get rid of late payment on my credit?

[@HonestFinance]

Call if it’s wrong or wait and pay on time going forward

[@funkykong9001]

I've wondered... Is it better for your credit to carry a little bit of unpaid balance each month on the CC? Or better to always pay it all off?

[@HonestFinance]

Great question. Don’t carry a balance if it’s accruing interest. This video will help kzbin.info/www/bejne/jIinoH-viMRkeq8

[@funkykong9001]

@@HonestFinance thanks, I wasn't sure since CC companies want you to carry a balance (that's how they make money, after all) if there's another variable that positively affects your credit score by being a more "attractive" customer (assuming you always make at least the minimum required payment). Seems like CC companies wouldn't like you as a customer if you always pay everything off each month.

[@HonestFinance]

Just remember that every transaction you make w a credit card has a 2-3%fee for the merchant. That’s good enough for the credit card if you don’t pay interest.

[@funkykong9001]

@@HonestFinance ah ha! That was the piece I was missing. Thanks!

[@richhornie7000]

Social credit system 😂