Do THIS For An 800 Credit Score (5 Steps)

[@thebudgetinghomemaker3962]

I've been paying off my credit card debt this past month and so the lower credit utilization has boosted my credit score over 100 points in 30 days and over 207 points in 30 days.

[@MarcIverson]

I think it must be because you were carrying a balance for a while, however substantial. I've been paying my cards off early every month and my score hasn't budged for at least a couple of years.

[@guitarmusicislife]

Wish I was there at 43

[@JK-td4hi]

I’m 31. Have an 820 score. I make six figures. Drive a 10 yr old car. Have a paid off phone. Can afford to live alone but choose to live with my parents (im south Asian so more a cultural thing). It’s hard living within your means with all the temptation around you - especially if you compare yourself to others on social media. But trust me when I say there is no better life than just being debt free & comfortable. I know ppl making 200k+ and are still in loads of debt and have horrible credit, they all live beyond their means.

[@Bigapplegirl81]

💪👏👏👏

[@13eerus]

31 still living with your parents is crazy

[@RonDaG0at]

@@13eerus I mean you have to see the bigger picture he’s 31 meaning his parents must be as twice older than him meaning he’s taking care of his parents as a good son👌

[@mattmurdockthemanwithoutfear]

Stfu you got 420 score and you make 2 figures

[@DOMNGUYEN-w8g]

@@13eerus so the parents do not need to make appointment with their children for dinner .

[@chrislundy7017]

Agree 2 yrs ago I started with 523 score. Now it’s 758

[@aishacansler8183]

You should pay BEFORE the billing cycle ends, the statement closing date. Keep your balances below 10 percent.

[@Luxurious.shayyy]

If the statement date is after the due date should be changed?

[@GenDominion]

How about pay it right away after i use my card 3days

[@dd3v0n1]

If i use 60 dollars on a credit card, do i just pay that 60 dollars before the cycle ends ?

[@dd3v0n1]

if the limit is 200 , would i have to pay the whole 200 or just the 60

[@altstrange3663]

@@dd3v0n1 the limit is how much you have available, so if you have 200 bucks as the limit you can only use 200. And you only pay what you spent. So if you spent 60 bucks you only have to pay 60 bucks.

[@jollama]

Credit history is why it’s so difficult for most to reach a score of 800+

[@Daniel_Braun]

Yeah I think a lot of people can get there but the credit history part just takes time. But that's why having a 760 credit score is just as good too in most cases so that those with shorter credit histories can still get the benefits

[@MarcIverson]

@@Daniel_Braun Perfect payment record but stuck at 755 because I basically shunned credit cards and had no credit record. I only had two credit cards, paid religiously before due every month. Finally decided to get one more .. and I hope that consistent payment on time will help boost me a little higher. Funny how being responsible can make you look like a credit risk!

[@charlesashworth9850]

@@Daniel_Braun The Problem is that credit history does drop off. I've had a mortgage in my past (25 years ago), but of course, paid off the mortgage and within 6 years they dropped off. So the history actually isnt accurate.

[@JakeKoenig]

@@charlesashworth9850 That's where the revolving accounts come in handy. I have eleven different types of revolving accounts that I keep at a $0 balance and only use one credit card, so I always have under a 1% utilization on around 160k of available credit. That's as good as any mortgage or car loan. I own my house and my vehicles so those don't help my credit anymore, but I have an 807-818 score (depending on the source) with only a 12-year credit history. Credit diversity and revolving utilization are the biggest factors (after the obvious factor of making payments on time). The credit history length isn't a big deal once you get past 5 years.

[@superjeffstanton]

​@@charlesashworth9850 that's why credit cards and 30 mortgage payments matter

[@derrickgentle7174]

After having credit cards for 15 years, started off with 780, dropped to 648 in 2020 and back up to 767, still not bad.

[@Tristin471]

Not bad, at all!

[@doriantrm]

How did you start with 780?? I started recently with 680

[@totopo5226]

@@doriantrmI started with 620 lmao

[@haydukethor]

that’s excellent 👏👏🫡🫡

[@arrikoswald3017]

Take care of your student loan! Mine exceeds 18yrs and offsets some of my relatively newer accounts. Trust me, it helps.

[@donfisher6802]

Credit scores are bullshit, I had a 800 + score an paid a car loan off 2 years early, It dropped my score 100 points. I've had a mortgage 20 yrs but when I refinanced my credit score showed the time of my new refinance, not the 20 years I paid. The SYSTEM wants you INDEBT , not free of bills. If you owe no one, you are a responsible person but your score will fall.

[@LeeLee-ux8gh]

I AGREE!!👏🏾

[@SBK_ALL_DAY]

correct, and we get the score form the same govt who is $35,000,000,000,000 in debt

[@Dividendology]

Great tips Daniel!!

[@Daniel_Braun]

Thanks, appreciate it @Dividendology !

[@TheMFStudios]

Ive raised mine like 20 points in the last year and thats too slow. I honestly needed this vid. Good job!

[@Daniel_Braun]

Thanks so much for watching and glad to hear the video was useful! Best of luck with continuing to raise your score, these steps definitely worked for me!

[@ykGibzei]

Just got approved for my first intermediate card which is the chase sapphire preferred card with a 5k credit limit. I also have the chase freeedom unlimited which is like my everyday use. I started off with the chase freedom student card and got my credit score to about 750 in 2 years.

[@streetwork5069]

I’m totally new with credit,seven months actually and achieved a 695..I’m about to apply for another card..thanks for the tips!

[@sharontabor7718]

Wait a year before applying for another card.

[@aldenz776]

@@sharontabor7718 you don't need to and it's beneficial in the long run to combine your oldest cards together

[@haydukethor]

I have a 775 credit score trying to get to 800 💪🏻💪🏻

[@nbailey9391]

Good info. For the majority of my life I did not get auto loans, home loans, credit cards because I could pay cash for most things. Now at 46 I have been trying to build my score for the past 3 years. I am stuck at 750-760 with 5 credit cards, 0% utilization because I pay them all off before statement time. I guess only time will tell if I can get to 800 with this strategy. I do not drive so I do not need a car as I travel 99% of the time. I paid off my last car loan in 2005.

[@BiffcheeseSpinoccoli]

Man. This is GREAT info…when you have a consistent income. When pay fluctuates (or sometimes doesn’t come at all), sometimes the game of juggling begins.

[@thedufloth]

Hey Daniel, love your videos!! Congrats. Could you please consider making a video about how Fico score differs with the Vantage score? Thanks

[@Daniel_Braun]

Hey Maya, thanks so much for watching my video - glad to hear you're enjoying them! Yeah I can definitely talk about something that like in a future video! The core pieces that make them up are generally the same but weighed differently or looked at in different ways - but this video should be a good guide to an credit scoring model

[@thedufloth]

@@Daniel_Braun I’ll really appreciate it. 😊 Thanks again Daniel!

[@jameragivens9655]

THANK YOU I immediately implemented

[@pulselx6655]

Is there any point to canceling old cards you don’t use or should you just keep them since it keeps your credit age longer

[@k2000kidd1]

Be careful doing this, if you have a decent limit likr 1k to 5k just put netflix or gas station purchases on it and pay it off. They like to factor available credit into the score so obviously the more the better

[@deveng7766]

Excellent video I have almost 8 hundred score but still learned some things today I wasn’t sure of thanks

[@ItsMeCJ]

There’s no shortcut for step #3 as you said. It’s important to get started early. I didn’t get my first credit card until I was 23 due to listening to terrible advice “credit cards are bad!” Great video as always Daniel.

[@camcommute]

Credit cards are bad until u use them responsibly.

[@docsays]

@@camcommute - or they’re good until you use them irresponsibly.

[@MikeyRamirezTV]

Same with me brotha. I’m 29 and barely got my first credit card last year. I’m on my 2nd one as of 2 months ago with the CFF.. hoping to build that trifecta!

[@Daniel_Braun]

Absolutely, I never saw the point to a credit card before because I figured why not just use my debit card if the cash was already in my bank account to pay for something? Glad we all got started eventually though, better late than never! Thanks for watching CJ 👍

[@ItsMeCJ]

@@camcommute very true!

[@robertclubs9908]

Awesome information. Thanks

[@SecurityGuy702]

Just made 754 credit score in 3 months

[@whitehorsethunder3494]

Thank you 🙏 ❤ for sharing about credit cards 💳 payment 😊

[@datnohi8612]

I'm in the 800's I always make sure I have money in the bank to cover what I use on credit cards therefore I always have an income source such as a job...they are a great way to pay down debt and save money at the same time due to the low monthly payment and 0 interest balance transfer offers and reward points or cash back

[@C9ve]

What credit card do u have, if u don’t mind me asking!

[@datnohi8612]

@C9ve I have several, I paid the remaining balance of my home off with the chase freedom card, they did a balance transfer to my bank 10k and I used it towards my mortgage, I'm currently requesting a balance transfer from my Fidelity card to pay down my car currently, this is 0 interest balance transfer but I do get charged a fee

[@maysmac]

Wow i didn't expect that to happen at 1:05 haha. Lets take a moment and apperciate all the hard work he puts into the content for us! Thanks for the videos.

[@ACAB.forcutie]

Wtf are you talking about

[@k2000kidd1]

Took a personal loan to pay down the credit cards with a better rate on the loan and Kept cards below 5% across all three of them. I'm paying on time with the personal loans pushed me to 812. Car loan Installment loans or a mortgage is the secret sauce.

[@frankcutronijr]

I liked you mentioning a no annual fee card to keep for a long credit history.

[@sandraschaefer7456]

Nice❤I would say I don't know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and

[@sandraschaefer7456]

our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to Gl o bal te ch cre di ts olu t i o n ❤ or g .l thank God for this wisdom. Bless you.

[@danielledickerson9732]

Great video

[@APennyPinchersGuide]

Above everything else, maintaining on time payments is the key to raising your credit

[@rebeccastone8732]

until your credit card company cancels one of your cards because they coerced you into getting a new card so you stopped using the old one. They tell you it won't affect your score at all, but it did, it dropped it about 70 points immediately. so beware of having many credit cards cause if you don't use them all and keep track of them when they get canceled it affects your score.

[@fgc_ngoni615d9]

This is very useful information, especially coming from a country where using credit cards is not common. It actually taught me discipline lol. I do not want to go on a spending spree and forget about the consequences. thanks a lot.

[@ousmankummeh7414]

Thank you

[@Rafa-wf1ex]

gracias daniel tanks broth for this video

[@japrtorres]

Great insights. My score just went up again after getting CSP few months ago

[@sickmansgas483]

If you make payments before the statement, you may not get your points or cash back. The only card I know of that gives you cash back even if you pay before the statement hits is the Apple Card.

[@sandranicolemartinez2824]

Had to pause this video, while I went and paid off all of my credit cards. I thought leaving a small amount due, helped make me look good. Pffft. Thanks for clearing that up!

[@lizzylizh]

Such a really informative video! Thank you!!

[@chucalissa9231]

A mouthful 🗣️for sure ,thanks 👍

[@timelessmusicfamilymusic9175]

Since I was young, I have always treated a zero balance as $1,000, the lowest balance. This means my checking account will never go down below that amount. If it does, I won't be penalized by my bank with bounce checks &/or unwanted bank fees.

[@flyryde]

I have an old account I haven’t used in like 9-10 years with a jeweler. I still see it as available credit I never use. Credit limit is like 1500 I think. If I buy some jewelry for my lady for Christmas, you think that’ll benefit my credit score by showing activity on that old account?

[@Psi-Storm]

No, it's just one more positive payment. If you spend too much it would increase your average usage, which tanks your score. But maybe they will cancel your credit if you don't use it at all, which would be bad for your average credit length. Maybe pay a watch battery replacement or some not so expensive ear rings with it? :)

[@Daniel_Braun]

Yeah I agree with @Psi Storm - if you use that credit and pay it off on time then that's just another positive payment. It will show that you're using the credit, but I would be careful if the limit is only $1,500 because if you buy something that's too expensive relative to that limit and that utilization is too high and gets reported on your statement closing date then it could drop your score by a bit. So if you use that card then maybe just pay off all or almost all by the statement closing date so that utilization will be low kind of like I talked about in this video. So yeah you can use it but I don't think it's boost your score much. Hope that helps!

[@b3rncul]

Their is two things going on. Not using your card is the best way to raise your credit. You owe nothing so you paid nothing = on time payment. You just run the risk of them closing it. Which is bad. You would use your card only to take advantage of the benefits.

[@Psi-Storm]

@@b3rncul That is wrong. You get no positive payment reports for cards that you didn't use. If you don't use a new card, you shouldn't have gotten it, because it reduces your average credit history length.

[@bobithpopit3193]

@@Psi-Storm I got a card that I won’t be using very often so I kinda regret it. It’s my second card, and it’s roughly 4 months old. Do you think it’s okay to close it?

[@Jordan-sq1oo]

You da man dan

[@Daniel_Braun]

Thanks Jordan, appreciate all of your support here!! 👍

[@tee_andii]

I wish I had learned this information the first time the way that you explained it in this video. Excellent explanation!! 👍

[@allofhelena5096]

Thank you! Just subscribed and I'm two videos in now :)

[@christiebussey1285]

@Daniel Braun, Thanks so much for these tips! 🥰 I have one question please, under the catagory Credit Factors ,(Transunion): They are all green/excellent except the one (red) and that states - Total Accounts: 10 needs work/low impact. Why does it need work? Pmt history 100%, Utilization 21%, age over 11yrs, Derogatory Remarks are at 0 and hard inquires 0. Vantage is 6 points shy of 800. Thanks in advance for your response!!

[@iwantmoretofu]

that grey shirt is sick. where did you get that

[@anthonygardner400]

Very solid information for anyone learning the ropes. Nice job! Enjoy your weekend.

[@Daniel_Braun]

Thanks so much Anthony, appreciate it as always! Yeah back to the basics with this video but definitely good stuff for any beginners out there. Hope you had a great weekend!

[@anthonygardner400]

@@Daniel_Braun Thanks. I did. Took in my share of football and enjoyed a nice dinner with friends. Hope you did too.

[@Daniel_Braun]

@@anthonygardner400 Nice! Pretty much same here - Eagles are off to a 4-0 start to the season so I'm happy haha

[@anthonygardner400]

@@Daniel_Braun Haha. That hasn’t happened often to them. 😉 Vikings are doing ok, but even their wins have been a little shaky. We’ll see how they do as the season moves on.

[@Daniel_Braun]

@@anthonygardner400 Yeah should be a good season for both of our teams! Eagles need to play some better competition so we'll see. Looking forward to how the year plays out!

[@MrBosskobe24]

Good thing that KZbin has the option of playback speed 🤣 but thank for your information 💪

[@OC2OMAHA]

I have never missed a payment but my score recently dropped about 25pts after getting approved for an Amazon Visa and Store card. That really caught me by surprise because I am great in all other areas like credit utilization, full on time monthly payments, etc. I hope it jumps back up soon because I am looking to purchase a house in Spring of next year. I won't be applying for any new cards. Oh, and I accidentally closed one of my oldest credit cards, which I'm sure didn't help.

[@dylanattix2765]

You'll easily get that back within a year and then some, as long as you follow the steps given in this video. Hard inquiries stay on your report for two years but their impact almost never survives the first year.

[@OC2OMAHA]

@@dylanattix2765 good to know. 👍🏾

[@DemonicEmbrace]

Same here I applied for a Apple Card and my score dropped about the same. My advice if your looking to finance a car or home don’t apply for anything or do any harm to your credit score 1-2 years before buying anything

[@altstrange3663]

Whenever you apply for something that pulls your credit you will see a drop. My first Credit card dropped my score about 30 something points but it’s built back up within a year. And yeah if you wanna get a car or something try to avoid doing that at the same time as applying for a card or really applying for anything that pulls your credit.

[@teesmith7972]

If you're carrying any balances on your credit cards, make extra payments. When the lower utilization reports that will raise your score. Your score will bounce back ( in a few months)from adding the new card.

[@kamaka07]

Even tho it'll cost you a few dollars over time consider a card like grow credit and add a monthly subscription to it. Once the balance is paid monthly the payment get reported to all three bureus. Good way for younger people to establish age of credit band raise scores.

[@dennissvitak148]

I purchased a new car back in April. My credit score was 882. This is the highest that the F&I guy had ever seen. I traded in my Subaru Outback, 2017 model, with the 3.6R engine, and got $27,500 for it. All of it equity. I gave the dealership a cashier's check for $7,700, and paid cash for a new Hyundai Tucson. Gas mileage went from 21 to 33, and I have a new car with a five year bumper to bumper warranty, and with free maintenance. THAT, my friends, is how you get to a credit score of 882. I could easily have afforded a 70k BMW or Lexus..but I CHOOSE to live below my means.

[@caithangkuni]

Awesome thank you for this 👍

[@Daniel_Braun]

No problem, thank you so much for watching! 👍

[@KivysAptApprovals]

Great video thank you so much. I will definitely use these tips, along with my documents from Fresh Documents, they boosted my credit like crazyyy lol

[@LuisHernandez-nb4qo]

I’m just got me my first two credit cards to months ago and I’ve been using them correctly I got 690 credit score

[@C9ve]

What’s it at now?

[@KevinWu787]

Leaving autopay on definitely helps you avoid those late fees.

[@michaelmccusker7265]

Great video but a few suggestions. First is use a monitoring system like Credit Karma which is free and you can check as often as you want. From this you can find out when your accounts send info to the credit companies. For each account you can find out when the info is reported so you get your account balance as low as possible that day. Second finding someone with great credit that will add you as an authorized user. This is the quickest way to add time to your credit card history as well as lower your utilization.

[@lovly2cu725]

BUT KEEP IN MIND THE SCORES IN CREDIT KARMA ARE NOT THE SAME AS FICO SCORES

[@JLZ-]

i have $300 credit limit but i want to use all of it since i travel for work & be paying it off that same week when i get my paycheck can that affect me?? or is it a good way? im just starting out i have no credit

[@sentinurse]

Just broke the 740 wall. My target now is to get past 760. 😊

[@aaronjones5049]

How did you break the wall?

[@Daniel_Braun]

Nice, congrats John! 👍 Thanks for watching the video too!

[@johnpaulbacon8320]

Nice video on the topic of Credit Cards and related scores. With myself almost qualifying to be a "Senior" Citizen - being out of school since graduation in 1990 , I would hope there are Classes in school now covering the this topic to help the younger generations more so then my generation or older.

[@jessicagrecco5813]

Excellent excellent intelligent video

[@SpencerJohnsonOfficial]

It all starts with step #1!! I guess that's an obvious statement, but it's honestly so important to get that part right. Setting up those systems to make sure you never miss a payment is key. This is something I recently had to do with my mom actually. She was still paying all of her bills manually after she received the paper statement in the mail which was crazy to me. Got her all set up on autopay now and it has already really reduced her stress levels!! Thanks for another great video Daniel! I'm excited to join the 800 club down the line.

[@graysonhill1366]

Should I try to reopen an authorized user card if it’s the oldest account I have? I misunderstood how an authorized card works and thought I didn’t have to buy things with it in order to keep the sub account open.

[@JuanRodriguez-se9hn]

Daniel funny enough my new American Express card is due October 21st like the example you used in the video, and that’s my birthday too

[@Daniel_Braun]

Happy early birthday Juan haha! Funny I just picked that random date - thanks for watching! 👍

[@zzzddd7]

I never got Credit education when I was younger. No one helped on explained why....decades later.....Got 1st card almost 3 yrs ago. Missed one payment only, got 2 more cards 9 months and 6 months. Never missed another payment, sometimes pay twice a month on card, got a $500 loan (paid off on time) which lowered the score over a year ago. I'm sitting at 707. CCU at 15%. Focusing on CCU at 10% or under next month.

[@knight2000-NC]

As someone with a score in the 830s I can verify these factors are accurate, of course I benefit from having real long credit history at this point. on time payment history is certainly important.

[@codfreakz705]

I went from 716 - 815 in 1 year just Making sure not to miss a payment. I only have 1 Credit card with a limit of $450. Every month I use the entire amount and I pay it before the close date. Now that you've taught me of credit utilization I will ask to raise my credit limit and I will start using only less than 10% of credit utilization. This should get me at 850 before the year I suppose.

[@CesarMartinez-nu3if]

I’m 19 and got mines let’s goooo guys

[@yessicacachaya111]

I'm 30. I have an 870 score, I'm a low maintenance woman and just spend in my possibilities. Greetings from Colombia.

[@Resarchaic]

Are you single? Greetings😎

[@dannymartinez3600]

I’m between 733-770 depending on agency. But here’e my challange. My credit history is short 1.5 years. I want to add a card but I’m concerned about how much of a ding that will be. Because I’m not only adding a hard pull but also shortening my avg account length. But I guess I should ask to the credit agencies care another difference between a 18 month and 9 months? What’s the maximum credit score hit I’ll take applying??

[@TOhara-eb2lp]

I have one missed payment with a Home Depot card, that they screwed up and I didn’t miss, but fought tooth and nail, tried to convince them, and still lost and is on the credit report and screwing up my credit score. Platinum Amex, Capital One Venture X, and Chase Reserve, and others trust me enough to give me a card, I’m still in the high 700’s but don’t know how to fix it. I know don’t need the 800’s, but it still pisses me off. What would you do?

[@MarioGonzalez-254]

I have 3 credit cards with a 16,000 total balance. I came here to see if I should just pay it all off or just pay like 70-80% of it off because I thought I needed to show the credit card companies i still have a small balance. I can pay it all off tomorrow. I just want to make sure what Im doing is going to give me the biggest jump in my scores

[@halilibrahimzeren]

continuously helped me like you have. I thank God for your presence in my life. Thanks a lot!!!

[@peaceinthemidst2814]

I have something in collections. Should I pay the collections company?

[@xojaymx]

Do you have a video on collections?

[@Daniel_Braun]

Hey Jacky, sorry I don't have any videos on that right now

[@Herobrine-bk3my]

Spot on! I destroyed my credit when I was 26 back in 2010. I went from a 757 credit score to a 580. Took a lot of research, hard work, and time, but I now have a 828 FICO score. *Top phase resolution* is exactly what you need to do to hit a 800 credit score.

[@Herobrine-bk3my]

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

[@Herobrine-bk3my]

Those team are top Notch check them out

[@EW-cq6yv]

Another excellent video. One point I would make is that if you’re in the high 700s it’s basically the same as being in the 800s. Lenders tend to look at you the same. Every point you made is valid to achieve a high credit score. Thanks as always!

[@Psi-Storm]

There is no safe way to get the last 50 points as a young person, the points from average age are not achievable on your own. There are tricks with becoming authorized user of your parents cards and inheriting the age, but if they aren't good at managing credit, they can also tank your score.

[@Daniel_Braun]

Thanks so much! Yeah agreed, I look at it the same way that high 700s and 800 is the same in terms of the benefits. That's where I've been for the past couple of years so getting above 800 will be mostly a matter of time as my age of credit grows! Thanks again 👍

[@MrCbell57]

What good is having credit if the interest rate is so high you can’t ever use the cards? I take advantage of zero interest offers yet once these expire it’s back to not being able to charge much due to having to pay all the debt back in 30 days to ensure interest doesn’t cost you an arm and a leg. What good is credit if you can’t afford to pay it back instantly? It takes having money to be able to utilize credit in order to just borrow $5000 until next month. If you do t have the money to even pay back $200 what good is being able to borrow $200?

[@deatondavid]

I finally got my credit score to 680 and it stayed there for a while. Paid off cards off and applied for a card from discover and they gave me $9,000. I was stunned. All that drove my score to 750😊

[@joehoisington7761]

I'm in the 790's now after a seven year rebuild to repair two decades of poor choices. Though, if I'm to be honest, most of the rebuild was patiently waiting for my student loan default late payments to disappear. I did use that time to get a couple credit lines in the works and once the late payments dropped in March of this year, my Fico's went from 690 to 785. In the seven months since then I've accumulated almost $30k in credit lines over three cards. The most recent one hasn't posted yet so I'm expecting a temporary drop... but I feel like I'll soon be able to say I've joined the 800-club.

[@LlLnig]

Congrats

[@cyrilledomaoal410]

Did you pay off all your student loans before reaching 800 credits?

[@arkadihughes4893]

I've spent my whole life up until now avoiding debt and credit at all costs. I'm 26 now and really hitting myself for being scared of debt and not just doing some research on how to use it.

[@Herobrine-bk3my]

Spot on! I destroyed my credit when I was 26 back in 2010. I went from a 757 credit score to a 580. Took a lot of research, hard work, and time, but I now have a 828 FICO score. *Top phase resolution* is exactly what you need to do to hit a 800 credit score.

[@Herobrine-bk3my]

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

[@Herobrine-bk3my]

Those team are top Notch check them out

[@arkadihughes4893]

@@Herobrine-bk3my thank you!

[@chrisv4920]

Cool, so because of my new credit cards that my credit age decreased, i learned something new, thanks

[@sebastiangomez4824]

Accidentally missed a payment on a TD account, my automatic payment was set to a bank account that I stopped using 😬 no late payment on my credit report but they dropped my credit limit by 75% and my remaining balance was over that, causing my utilization to skyrocket. My score dropped 26 points but I called them and they were nice about it and gave me my old credit limit back. Hoping my credit score recovers from that one.

[@ElSmiley1000]

I find that the more I learn about credit cards and how they work the easier they become to use. Basically just know your salary and only spend what you make and just pay it back when you get paid and you should be fine. It’s when you spend more than what you make where people start to get into trouble. Basically just use a regular credit card as if it was a secured and you’ll be fine

[@WestsideMas]

Smh see, I was told to leave 30% on my cards instead of paying them off in full. Idk if I just misunderstood or if the guy was intentionally leading me astray, but I'm glad I found this because, it sounds counterintuitive to not just pay the card off if I have the money to.

[@Aj-me8mo]

Thanks a lot for these tips! I'm on a mission to improve my credit score but a question I have is I eventually want to have many credit cards like you, you mentioned that you don't use all 10 of them every month so won't those credit cards close since there's no activity on them?

[@Daniel_Braun]

Thanks for watching Aj, appreciate it! So that's a good point and I didn't really clarify on that in the video. Those 6-7 cards that I don't use regularly on a monthly basis I'll still use from time to time throughout the year so they're not completely inactive. Usually for card that haven't been used for 12 months or more in a rows, then they could be in danger of being closed which should be avoided of course. So for any unused cards, it's good to make sure to use them at least once every 6-12 months or so to keep them active. Even if you just use it to buy a $5 balance to your amazon account because that can work too!

[@jasoneno808]

#3 Become an authorized user on an old card of friend or family. But careful as the balance at the statement end date effects your credit utilization. You want an unused card or one that is paid off in full before the statement end date.

[@shortstraw4]

I had an 805 and paid off 8k in debt and my score dropped to 799. What a joke

[@jerrylundegaard2592]

That drop is irrelevant and is short term likely caused by something other than you paying off that debt. Credit scores fluctuate on a daily basis.

[@Paris-v8n]

I almost did the same thing and a friend said to leave something behind even if it’s $3 and it worked. So now I owe such little amount that there’s no “amount due”

[@steezyblu]

Careful with department store credit cards. I have had three department store credit cards close in one year and that affected my credit score. Another company bought their credit card product, and two switched from Mastercard to Visa, the other one switched from Visa to Mastercard. The credit bureau listed them as closed accounts on my report which has a negative impact on your credit score, especially if it happens in the same year. If that happens to you, your able to dispute that with the bureau and hopefully your score goes up.

[@queerdor]

Which cards/stores where they?

[@MyBluebonnet]

And to add, department credit cards usually have a higher interest rate.

[@rasheemthebestfirstone3274]

Which stores

[@Portapottypossum]

Right at the 790 - 795 mark trying to get to 800

[@portialewisgray]

- Thank you for these very informative videos, Daniel! I have been working on rebuilding my credit, and trying to figure out how to use and pay my credit cards off to build my score. So I appreciate you for taking the time to explain the best ways to do just that in your videos. You are a gem. #NewSubscriber 💚💚

[@glodydikete248]

Does Debit Cards can age too or just a credit cards

[@KevinnPOV]

great video daniel love the clear explanation, a great refresher to watch 🤙🏼😄

[@Daniel_Braun]

Thanks @OC Lex ! Always good to have a little refresher haha and hopefully will be a useful video any beginners that watch! Appreciate the support as always 👍

[@camerongacheru]

How do I know when my monthly statement is

[@connor_96]

You do a great job of balancing the basics with the more advanced strategies - and you deliver both in digestible ways. Great content

[@Daniel_Braun]

Thanks so much for saying that Connor, I really appreciate it! That's my goal with the videos so it's great to hear that 👍

[@Rafael-d5e1n]

Do you recommend to get a credit limit increase and apply for a new credit card around the same time?

[@matt46142]

My how times have changed. With a 800 credit score you get slapped with fees and with a sub 675 score you get discounted interest rates on mortgages

[@rndargis0]

I only have one credit card that I’ve had for over 7 years now that I’ve treated as a debit card. Because my debit card charge you after 10 transactions per months.I’ve always pay in full a few days before they report to the credit bureau.I also have one phone bill that was opened and then closed. I have one score that is maxed out at 790 because I don’t have any mortgage, and the other one that’s in the 800+ because I have a clean history.

[@Phd-cz8eg]

What of payment was returned and you usually pay on time

[@EricLooksLost]

I didn’t know that credit utilization also accounts for maxed out cards lol I had a 750 opened a new CC and a few months later, put my entire Invisalign treatment on it, maxed it out. Dropped my score to 700. But since it’s a new card it has 0% into apr. I’m not paying a dime in interest and it’s almost paid off! All that to say let your good credit work for you!!

[@jimohare3133]

Love the channel. Did you add music? I liked it better without, it's distracting.

[@Daniel_Braun]

Thanks Jim! And yeah I've always had music but it's been usually pretty quiet in the background. I've been playing around with turning the music up for parts of the videos but maybe I'll stop using it as much so thanks for the feedback!

[@puravida5683]

I am an expat living abroad in various countries, that could care less about credit scores! However, my U.S. credit score is 844. Because I use my U.S. credit cards abroad, with no foreign transaction fees.

[@lovly2cu725]

HOW DOES USING THEM ABROAD IMPACT YOUR FICO WHEN IT IS UR UTILIZATION?

[@FreedomNurse]

Crazy thing is while gaining point you get a little bit when losing score you drop fast.

[@makingmodernmen8843]

Yes and no. I have seen my scores go up 50+ points in a week after making a large payment and bringing utilization below 20%

[@toadamine]

so then like what are best expected score by credit age? say 6 months, a year, two threee five ten +?