Everything I Learned While Raising My Credit Score Over 300 Points

[@adrianavaca4469]

8mins, earliest i’ve ever been to a vid. i’m 22 and have a 781 (student loans, car, 1 credit card). i’m shooting for 800!

[@lizza333]

I was at a 450 credit score as of 2018. I’m up to 650 now and it just keeps going up from there, and honestly this channel has been such a huge part of that

[@Chloeeezyyy]

Teach me your ways 😭😭😭🤧

[@lizza333]

chloeeezy honestly, it sucked. I lived in my car since I couldn’t get approved for an apartment with such low credit, I made huge changes for the first year, but in the end it was all worth it

[@Chloeeezyyy]

I have 95% great payment history. One small mishap got me all the way down 100+ pts. Right before COVID lockdown in USA and I don’t know how to fix it. So frustrated tbh.

[@HairByAmy86]

I have one card with a annual fee. I call them every year and they waive the annual fee ❤ you should definitely try to get the fee waived

[@Sarah-mc3hw]

Amy H If you don’t mind me asking, do you just ask them straight out? Or how do you bring it up? Thanks!!

[@HairByAmy86]

@@Sarah-mc3hw when the charge shows up I call customer service and say I was wondering if you could waive my annual fee? I say how I'm am and long time customer with a great payment history and they do it. Nothing special at all. I have done it three years in a row with no problems. I do call with very good manners and a cheerful voice if that helps any. I learned that it doesn't hurt to ask. It literally takes like 10 minutes.

[@Sarah-mc3hw]

Amy H Wow, that’s awesome! Good for you for going about it in a kind way. I’ll definitely have to try that whenever I actually get a credit card. Thanks!

[@HairByAmy86]

@@Sarah-mc3hw kindness goes a long way. When you do get a credit card I would like to reccomend the chase freedom card. 0% intrest for 1.5 years, no annual fee, love the app, $200 bonus when u spend $500 I believe. I literally filter most of my Bill's thought it and it's like an extra savings on my bills

[@Sarah-mc3hw]

Amy H Thank you for the suggestion!! ❤️

[@markbernier8434]

Regularity is your friend. Learn the expectations of lenders and the key dates in their cycle. I discovered by accident that if I paid a credit card on say the 28th of a month, then the 3rd of the second month following, the lender marked that down as no payment in that middle month. Even though one payment was early and the next easily on time. It was just there was no payment in the calendar month. Now I know and use their key dates regardless of when I may have or receive funds. If the due date is the 15th I make the payment on the 10 every single month like clockwork.

[@DebtFreeDee]

One of my 1st credit card limits was $9,000 😳 I was 18 and that's crazy. Since working on becoming debt free (paying off all consumer debt), my score has shot up 🚀 it's excellent at a time I consider it the least (my focus is more on building wealth in savings, investments, etc) I agree that you need to check that report/score, assess what it means to you, and make changes. This is helpful!

[@travispercy]

You could’ve also talked about becoming an authorized user on someone else’s account. By sharing the credit record of someone with good credit, you can increase your score.

[@risamaeve]

This- if you have the privilege of access. My parents made me an authorized user on their card when I went to college, in case of emergencies, and now my credit report says i've been using credit responsibly since I was 2 years old because that's when they opened the account. Credit scores basically only measure how much access to wealth you have.

[@travispercy]

lol Facts!!!

[@courtneyshannon2621]

Yes, this is huge! I have also benefited from this.. but it's also an example about why credit scores are awful and unfair - people who aren't lucky enough to have someone like a family member who has good credit and is willing to do this has the deck stacked against them.

[@fdm2155]

The FICO score is incredibly tilted in favor of financial institutions. It's way too complex to track what activities raise/lower your score assuming you aren't missing payments or running bills to your spending limits. I've had my score raise or lower by dozens of points in a single month where nothing in particular was happening.

[@petyamiteva2382]

Same!! And no one has been able to tell me why. I don’t have a high utilization ratio and really nothing else changes from month to month but it keeps fluctuating.

[@fdm2155]

It's crazy that we don't teach any of this in most K-12 or college programs.

[@LadiiieS]

Yet they go into schools getting students to apply without knowing all of the risks and how important your credit score actually is. Our system is broken.

[@lavayuki]

The only thing I did was use my credit cards and paid them back in full every month and paid all my bills on time, and my credit score went from poor to great in about 3 years. I never had any debt or bank loans, but I currently have 5 credit cards and keep my utilisation under 30% across them all

[@pri.sci.lla.]

I messed up my credit by missing a payment once, but I’m building it back up slowly.

[@Ciaseea]

Just bought my ticket! I love the tip about asking for credit limit raises. It can be hard to stay under 10% if your overall credit is very low.

[@DiamondNestEgg]

That is a great tip! If you’re a good customer, paying on time - etc. - most lenders are amicable to a credit increase.

[@MrsQuam]

30%?

[@CaseyBurnsInvesting]

Having terrible credit is sometimes not even because you’re irresponsible per se. Spending 600 on a 1000 credit line doesn’t seem irresponsible but not according to FICO. Great video.

[@JuneHarriseco]

Make sure your payments occur at the end of the month before they check your credit at the beginning of the month. Then your balance will be less, credit will go up. Technically, you haven't changed anything except your pay date.

[@DiamondNestEgg]

Feather - they don’t teach you this stuff in school. At least you’re getting on the right track now - keep up the good work, improving your credit score takes time.

[@DD-gz9ut]

Absolutely, I pay my balance the same day whenever I make large purchases. I like keeping my utilization score at less than 5% each month

[@wiseman4160]

It's what end up on your upcoming statement that could be reported as irresponsible. Say your statement is on 27 th of every month, owing that $600 on 27th is then irresponsible because then your utilization is high. Your utilization before your statement they don't see! So if you spend say $600 on 5th but pay balance in full, and say you owe $ 90 of your $1,000 limit only on 27th, so your utilization is reported as 9%

[@joniquestarz]

Also found out the hard way if you pay off a loan too early your credit will drop.

[@spongemariam]

Same! I paid off my student loans and my score dropped. As someone who is very young, I also learned that my credit score is volatile

[@rachelfrombefore]

Well dang. I just paid off my student loans. I’m debt free and I have no idea what my credit score is. 🥴

[@seleciaa]

@@rachelfrombefore You can check with your annual free credit report!

[@lell1872]

Totally. It's such a weird and twisted way to do things. If I knew then what I know now, I would've taken longer to pay off my student debt.

[@artchick07]

Paying my car off early tanked my score.

[@raysamontenegro8606]

I started building my credit 2 years ago when I came to the US and it has been an up and down journey. These tips are really helpful. I didn’t know about the length history and the hard inquiries

[@daliar5327]

I work in credit and one thing that I see a lot of people do is close out accounts and see a credit score drop. The people with some of the best credit only have one or 2 accounts with balances, but have seasoned credit lines with no balance. I think the system needs to be revised so that people can close out accounts without hurting their score, but in the meantime I recommend to never close out credit accounts that don’t have high fees to avoid the credit erasure. Also, it’s counter intuitive, but sometimes making payments toward old collection/charge off accounts can hurt people’s credit because it turns it into a recent derogatory account. The best and most useful thing that I do personally is to set up auto draft of the minimum payment on all my credit accounts so that just in case I forget to pay it off one month at least the minimum payment will have been made. I’ve also avoided paying off my subsidized student loans which are around 3% and are a low balance so that I do not lose my oldest credit account. I’m paying unnecessary interest, but I think it’s a small price to pay knowing how much of an impact having lower credit can make on bigger debts such as mortgages and installment loans.

[@risamaeve]

If you have multiple accounts, closing some doesn't hurt. I'm lowkey into churning and as long as you keep your oldest card open it doesn't really matter. It's only if you have only 1 or 2 cards that closing one really hurts you.

[@bluejedi723]

One thing that might help some of you, esp if your credit is crap- a credit builder account. Self lender is the one I use. It helped raise my credit score from a 525 to 610 over the course of a year.

[@creedreall.x4249]

I think you literally just saved my life Graham, I’ve been struggling to find a way out. I’m currently an N.A waiting to get certified because of covid and stuff but I support myself and my grandma. I don’t have anyone to turn to for help, I’ve been trying to save but I can’t because of bills and renting my apartment and everything. But this, literally helped me look to a brighter future. My grandma is crippled so she cannot do work or anything. Most people have parents to turn to but I don’t talk to my mom or dad. This literally helped me so much because since i met CREDITMASTERFIX🎡COM the real issue i have about debt was solve in some weeks am sure before June of my birthday i will be home owner

[@redharashid2795]

Whenever I saw Mona appearing at the back, I'm shouting "Mona!" :P

[@libraryminnie7674]

Don’t ever be accidentally late with Kohl’s. I had $30 on my card. It never went to collections, but they refused to forgive the late payment. They waived the $35 late fee, but informed me that they have no grace period. I sent a letter to corporate to request they remove the ding and they replied in a letter telling me they could not erase the ding because then my credit history would be inaccurate. It took me down 40 points that I can’t seem to earn back. I owed them $30 in total and their douchebaggery cost me a year of progress. I googled it, there are thousands of us!

[@melissahood2960]

I have a friend who has one ding on her credit. It's from Kohl's!

[@artchick07]

My 860 score dropped to 700 when I paid my car off back in January. I paid it off early too. Hopefully, I can get back up to 800 by Q1.

[@crushitwithkris]

This is awesome! I'm building my credit up too! Best of luck to anyone trying to do the same 👍

[@rachelwilliams4477]

Canadian Uni student here - they still have those credit card booths! They are just in our common buildings now. Thank to general financial literacy I knew better and got a no fee student credit card and with 21-day grace period (no interest until 21 days) at my local bank.

[@bronnyd]

yep, that's where i got my first credit card. 17 years and many mistakes later, i am still trying to claw my way out of the debt i racked up. ugh.

[@maribellelebre6809]

Terrific advice that's not at all limited by income. I'm in my 50s and only learned this year about the 30% rule. With COVID this year, I had to utilize more than 100% of my available credit - ie. using it all, paying it all off more than once a month to oder essentials. I could not get my cc provider to increase the limit despite having a pristine payment history for a few years now. I ended up finding another provider and secured a higher limit card. Between the two now I have significantly decreased my spending to available ratio and this brought my rating from 480 to 600 in - get this - under 4 months! Wish I'd known about this rule decades ago

[@TexasToast221]

I missed ONE student loan payment, two years ago, and my score dropped from 760 to 620. I’ve gotten it back up to 650, but I don’t know what else to do. My oldest account is like 9 years old and perfect too 🙄

[@jazzybelle6988]

I missed a payment once - I wrote a goodwill letter and the creditor took it out of the report and my score went back up - idk if it’s too late for them to remove it but no hurt in tryint

[@catcancrochet]

Definitely call the lender that holds your student loan, it’s not too late! That late payment will stay relevant on your credit history for 7 years, so it’s going to haunt you for a while. Be polite and point out that you’ve made all your other payments on time and you would really appreciate their help. Don’t freak out or be rude if they say no, just call back in a month or two and try again. Good luck!

[@DiamondNestEgg]

Agree with @catcancrochet - you’d be amazed what they will agree to do if the late payment was a one off and you ask nicely. It never a hurts to ask!

[@derekandlindsey-millionair9562]

Money management is so important when working with debts. Manage the debt will manage your credit.

[@didimohamed5897]

kzbin.info/www/bejne/fnWkip5jeMpmi7c. 00

[@Merrybandoruffians]

Ayyyoo! That Hello Kitty credit card, lol, I had one too 🙃

[@MBP1990-z8i]

My friend's sister is the same age and had the same card. Totally a marketing ploy.

[@yeager3847]

I also didn’t think this would work but what Giorgio said about CREDITMASTERFIX🎡COM is actually very true

[@CherryBombBuzz]

Thank you Chelsey for all this information. Rewatching this video after 2 years, as I finally decided to apply for a credit card. Coming from a background where everyone said that credit cards are the devil, it took time to see them more as a tool that if used responsibly and carefully, can actually provide benefits. Very educative video, thank you for the clear explanations!

[@tigrovna_]

Chelsea I got my score up from a low 500s (I didn't check very often back then) to a now 800+ (just crossed over the 800 mark)! It took me about a decade to do it. I wish I saw this video way back when, it would have saved me a lot of headache. There's a lot of misinformation about credit scores out there, and I know I personally fell for a lot of them (for example, everyone around me believes you need to always carry a balance on your credit card and only make the min payments on it to increase your score, costing them god knows how much in interest month after month).

[@chelseaalmost_]

Was just looking at my credit score, and then I open up the KZbin app and see this lmao If I wasn't already subscribed to this channel, I'd be suspicious 😏 Excited for tips on raising the score!

[@user-vn7ce5ig1z]

Just because it's a coincidence doesn't mean it's _only_ a coincidence…

[@isabelling4851]

Just in 3 mins and i'm here.. First time so early.. Thanks Chelsea and TFD for the good sharing

[@theorganicshadow]

Chelsea, what do we do when we pay off a lot of debt and take a credit score hit because of it? What's the best strategy to recover that credit score without setting ourselves up to get right back into debt again?

[@BewareTheLilyOfTheValley]

Wait, you were dinged because you paid off debt?! We can't frickin' win, can we? 😞

[@xowdavis]

as someone who is in the process of paying my student loans off early, i would love to know more about this, although it sounds incredibly frustrating.

[@maura329]

@@xowdavis In my particular case, paying off my student loans caused my score to drop because they count towards your credit history. They were by far my oldest "accounts" because they were opened when I started college, and I applied for my first credit card after college (because I was scared of them, haha). So you should open at least one other account now if you don't have one already! It's definitely frustrating but still great to have the loans paid off, and your score will increase over time as your accounts get older and you keep making on-time payments. I'm currently at a 760/770 and I paid off my loans two years ago!

[@xowdavis]

@@maura329 thanks for your response! i have to say, its awful how rigged that is. for most young people today, student loans are the first account they open, so that seems like such a trap. mine is at 770 right now and it makes me so happy. i do have a few credit cards, but i opened my first one probably 4 years after i started college :( i still have a ways to go anyway with the loans. but thanks for the reassurance... it will go back up eventually -___-

[@mehmetozmez1852]

I can confidently tell you anytime and anyway that CREDITMASTERFIX🎡COM is actually very professional

[@MoneyHunni]

Great explainer! 👏🏻 I’m still trying to get my head around the US financial system, it’s so different from Australia (i.e. we don’t need credit cards to build a good credit rating). Thanks for keeping it real

[@user-vn7ce5ig1z]

You didn't discuss the most important thing: how to _build_ credit. If your credit isn't good, how can you get the number up? You can't just take out loans or apply for cards to use them and build the credit, so what kinds of things can you do to get it back up? (It's easier to _lose weight_ than to increase the credit score. 😕) I've seen some KZbinrs be sponsored by some companies that boost your credit rating for doing things like paying rent or bills on time, but those seem to be exclusive to the US. 😕

[@supernova622]

There are several videos about this on the channel

[@wiseman4160]

Great video! Yes for beginners keeping utilization below 30% is good. Keeping it 9% or lower is when your more experienced. And credit bureau only see what ends up on your upcoming statement. So if I have $1,000 limit and use $ 900 but pay off that $ 900 one or two days later. But on your statement date, say you owe $90 then utilization is 9% they don't see utilization before the statement.

[@purplegal05]

I have a question on raising my score. I basically treat my credit card like a debit card. I use it just to get points. It is tied to my bank, so every Friday I pay my balance off in full. Oftentimes, my statement says that I owe $0. My credit score has stayed the same for an entire year. Should I stop paying my card off every Friday and only pay my statement balance on the due date? Will that help my score go up?

[@karinagutierrez7134]

I know that every card has a window of time where your balance gets reported to the credit builders before the due date, so it can be beneficial to have some amount of credit listed. I would either call them to figure out when exactly that is or experiment with it. For example, if you use more than 15-25% of your limit in a week, pay off that difference weekly but only pay off the full amount every other week.

[@jaz1551]

My score went up when I waited to receive the bill before paying it off ... only once I got the bill would I figure out what installments would be to pay it off before the due date. Now 😄 I'm in the green zone

[@purplegal05]

@@jaz1551 That makes sense. I thought my score would go up from keeping my credit utilization at 0%...I'll experiment this month and see how it goes. I hate having that money sitting in my account but I'd rather have my score go up lol

[@mallorylectka2940]

purplegal05 I had the same thing happen in the last few months; I only use my credit card for gas so when I stopped 90% of my driving in March it was easy to consistently pay off the balance, & then my score dropped a few points. So bizarre! It’s back up a little now but yeah it seems like being able to show a balance before paying it off is the key. A frustrating key to be sure

[@thisuniquechica]

There are 3 key dates that seem to make a difference: the date the score was pulled by the credit bureau, the closing date of the monthly cycle of my card, and the payment due date. If you had a $1,500 balance on closing date on Wednesday, and the report was pulled on Thursday by the credit bureau, and you paid all that off on Friday, the credit bureau doesn’t know that you paid off your card! They still think you owe $1,500! (Friday payments sometimes are pending until Monday or Tuesday, btw!) I had to track this for about a month (pulled out a couple of statements from previous months to figure out closing dates) and then I made payments strategically on certain days for about 2 more months to finally see a change in the credit score. It took a lot of spreadsheet tracking but for me it was totally worth it, because I really needed to see those wins. If you want to read more about it, google “closing date versus payment due date” and hopefully that gets you some good articles.

[@JayxGonzalez]

My parents set me up as an authorized user on their account, but their charges on that account wrecked my credit score for a second there! :c I had to remove myself and ended up dropping 15 points. Fortunately I got my own credit card a year or two later and the score went back up.

[@scenepunk09]

I've only had a credit card less than 5 years but what has helped me is just using the credit card during the weekend. I have a mon-fri job so i spend the most during the weekend. But then that gives the payments 3 days to go through, then I pay it wednesday and by the time its friday my payments are posted as well. Pending purchases and payments confuse me about how much money I have to spend. I only spend on my credit card based on my budget and how much money I have as well.

[@DrKeroro]

Thank god for automated monthly direct debit to my credit card.

[@lifeslittlesweets]

Great video Chelsea!

[@bagery]

822, woot! ;)

[@perladiaz-olivas2571]

They’ll also take off late fees if you accidentally pay late and usually pay on time...only takes a call or a chat w your cc company’s customer service.

[@mouseluva]

I'm in the UK and it's much harder to get credit cards here. I wanted to get a credit card so I can not use it at all but build a credit history (in case I want a loan or a mortgage like ten years from now) but literally even rehab cards or cards designed for people in my exact situation (students wanting first credit card) say I'm ineligible because I have no credit history, then these rejection webpages redirect me to a page saying I should get their credit card to improve my score and oh my god I could scream. I just have to keep not using my paltry maximum overdraft and wait until I'm on a salary at the ripe old age of 29 (if the job market is kind to me after I finally graduate) before I can start building a history :(

[@BewareTheLilyOfTheValley]

Would love a video about waiting for the limitation to pass on debt. I know, no financial expert ever wants to discuss that or advocate for it, but I'd rather that transparency. I have a lot of debt and while I'm willing to get rid of everything else, I have a vehicle that was totaled in an accident (either someone racing or someone trying to pass up another vehicle on a curve. Either way, they slammed headfirst into my little brother, who was driving the vehicle. I didn't have insurance because I was jobless at the time though my mom was going to add me to her insurance the next day on Friday as I'd been pulled over the evening before the accident for a headlight being out. Yeah, very terrible timing for that accident. Hilariously enough, the day after, I got a job offer.). Anywho, I don't make enough to pay for that car (which is about $12,000 and much, much higher than any of the other debts) and another vehicle (my current car, which is paid off, is old and needs so much work, nobody is offering me more than $200 for it and I keep running on a hamster wheel trying to fix everything with it, just for something else to break down. At this point, I might as well have a car note), and also pay for my bills and any other incidentals. So, the debt for the vehicle is almost at the limit for my state and I'm not going to be paying on it. Would like a video on how this might affect someone like me. I'm not looking for crisp, perfect credit. I've managed to get by on 530 this long, it can't get worse than that if I pay off everything else. I'm curious to know if creditors though are forevermore going to be able to see that vehicle. If so, so be it, but just want to know.

[@tizianapirola7779]

I'm so sorry to hear about your circumstances! I hope you'll be able to find some light and that things will improve in the future. I can't offer anything but my solidarity, but your story reminded me of a friend who's stuck in working poverty and I wish you all the best (even though it may be meaningless to you coming from a stranger in a youtube comment)

[@BewareTheLilyOfTheValley]

@@tizianapirola7779 I appreciate it, thank you. I'm doing much better now.

[@steelerbear]

Derogatory information can, in most states, remain in your credit file for 7 years. That said, though, if an account is sold to collections, the original account may drop off your file after 7 years but the collection account (which had other derogatory indications that go along with it) can still remain for 7 years. And collectors can usually resell that debt to other collectors, who resell it again, and again, and again. Do though the original auto loan will likely disappear off your credit file after the derogatory information had been on there for 7 years, the collection accounts can haunt you.

[@BewareTheLilyOfTheValley]

@@steelerbear Thanks for the info! Yep, it's long gone to collections. Maybe in a very distant future I'll pay it off but that's not happening anytime even remotely close, lol.

[@y.c.8632]

Fluffymiyster @steelerbear is right. I would also add that I was told by a lawyer years ago if you work with a collection agency or respond in any way, in most states the clock on the debt gets reset. Essentially, if your debt gets sold and it’s been 6 1/2 years since the debt has been on your record and you have communicated/indicated responsibility with the new agency, the debt is now 0 years old. There might be more online about this. Good luck!

[@sailorsallyrockinrarity2130]

I messed up my credit by doing one of those debt relief programs. Credit Karma keeps telling me that I have 10 missed payments. I also have always had a really bad credit utilization ratio, and I wish I wish I wish I had learned about those types of things before I let myself get into more debt.

[@shirabland]

Same. I’m currently trying to fight the double dip of listing a bad account and a collection. If you don’t own the debt then and it’s paid you can’t report it

[@leelsbless]

This video just made me try to see if I could increase my credit card limits and I was able to for two cards by 13500!!! Thanks Chelsea 💛

[@MartyD]

Trying to get a perfect score right now...

[@KillCoMentalMusings]

How do you know who to trust when trying to fix your credit? There are so many random pieces of mail and sketchy looking websites that I don't really know if I should trust any of them to help me try and consolidate my debt? I barely manage to pay off my credit card min payments month to month, and with 2020 being how it has been I don't know if I will be able to keep it up with not being able to work and only having SSDI. -_-

[@thisuniquechica]

KillCo Try reaching out to non-profits near you, even if they don’t focus on personal finance. They might have references to non-profits who can help provide advice. They often provide free help to people on a fixed income. Definitely don’t need to trust ads coming through your junk mail, if you can avoid it.

[@cizgidunyam6383]

I get such GREAT service every time I go to the CREDITMASTERFIX🎡COM and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This couldn't possibly be misused in ANY way! All the data breaches that the VA has had makes me confident that my data would be TOTALLY safe!

[@maddie9602]

Not gonna lie, that story you told at the beginning about how you got into financial trouble in the first place sounds super sketchy on the bank's part. Marketing credit cards to high schoolers on their lunch break? Yeah, that's definitely not setting them up for bad financial decisions. I wouldn't be surprised if you weren't the only one who got badly burned there. On my part, I had my credit screwed by ROTC demanding I repay my scholarship (on rather questionable grounds, but that's another story) and then sending the debt to collections because *they* sent my mail to the wrong address, causing me to never receive it. I'm currently looking into options for legal redress, but it's difficult because the military is, in general, not beholden to civilian law. I'm improving my credit by otherwise being financially responsible, but word of advice: at least until there's a change in leadership, stay the hell away from the US Air Force. The people currently running the ROTC program are incredibly shitty, and I do not trust the leadership structures that put them in charge. I am far from the only one recently screwed over by them.

[@ornenow4703]

I was 19 and signed up for my first credit card in college for a free pizza 🤦🏾‍♀️ lol

[@basketballfan5763]

Grest tips! I'm in Ireland! We don't have credit scores , well I don't think so! I've never had a loan and I've never had a credit card! I've never had even an electric bill unpaid ! My mum brought me up2pay all my bills 1st then eat 2nd! And u know sometimes I was too staunch neglecting myself!! Also we don't have this disgusting student debt u have there! We have mostly free education and a grant system where even the rich usually qualify for a half grant. Then students work weekends thru college which i have done to help my mum out with all the money she posted or lodged in my bank for me every week r2 for college! Sometimes I do wonder about time more than money wasted as i always spent very little! My degree was long as i did a certificate of 2yrs 2 get in 2 the degree so i was a long time in college! I feel working in jobs taught me so much later when i wish I'd known these lessons b4 college ie computer skills!

[@kabocha45]

Regarding the Capital One credit card with the fee- I have asked that my card be switched to one without a fee and Capital One was happy to help. Keeps the credit history in tact but no annual fee.

[@VeronaVampyr]

Mona's ears are giving me life

[@maddietownsend7696]

Why are credit scores so variable?? I have free scores from Mint and TurboTax, who are BOTH owned by Intuit, and they are off by like 100 points! I don't understand.

[@steelerbear]

They likely use different scoring models. You'll see the same thing happen if you apply for, say, a car, a mortgage, and a credit card all in the same day. It's three different types of industries, so you'll get three different scores--they weigh info in your credit file differently, that's all. The key is to make sure that the info on your credit file is accurate, up-to-date, and as good as possible.

[@yokyokdunyas8428]

It’s fully guaranteed and safe and I know this because my cousin has used em to increase his and it’s been two weeks now without any sort of trouble , I’m telling you , he’s the best.

[@madeleineafridge]

Mona at 3:05!!!!! 😍🥰

[@BellaMichel]

My sister is concerned that we should be working towards that perfect (850?) credit score. I am wondering if you could do a video on what having a top credit score even means...how important is it? Is it worth working towards? Love your videos by the way!

[@anthonywhite9828]

I recommend a very good specialist Michael Gibbs [[e-mail]] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [[e-mail]] Cheers.

[@BellaMichel]

@@anthonywhite9828 hi Anthony thanks for your response. Many of us may already have a good credit score but my biggest question is what a credit score over 800 can even do for a person. Maintaining a score in the high 700s seems easy if you follow the right steps to remain out of too much “bad” debt. Is there a point to getting a top score or a score above 800?

[@anthonywhite9828]

@@BellaMichel yes you can actually get you score to 850

[@tlf3757]

@@BellaMichel Yes, the higher score - especially over 800 gets you better interest rates on car loans and mortgages, or any loan really. In times of high interest rates, this is especially helpful. It can also get you better pricing on things like car insurance, believe it or not. I am in my 50s, score over 800, and have lived and learned everything spoken about in this video. Always strive to be over 800, but know that sometimes it takes time to get there.

[@BellaMichel]

@@tlf3757 Hi Theresa, thank you! This provides some insight. Interest rates would definitely make a big difference long-term.

[@bluejedi723]

I also love your brutal honest

[@HipHopMovieNews]

Solid advice.

[@alissonvonderlane862]

Great vids as always. :-) I just would like to point out something that might be misunderstood... I work in finance. Raising limits is a part of your debt ratio. It's an potential of 'overnight debt'. So I have to disagree on 'constantly try to raise your limit'. (And that's only the rational part of it...)

[@LinhHueTran]

Where did you get that necklace?

[@standonfit]

Great video.

[@Iheartjareddiamond]

Mine is 795, i want to get it into the excellent category!

[@Willtok7560]

I purchased a ticket but the live events are closed. :-(

[@gigilaroux762]

Q: If you pay off your credit card charges in full each month should you call and ask for the purchase interest to be taken off since you aren’t carrying over a balance? I used to do customer service at a dept store and the wealthy people would call every month and ask for their interest to be removed.

[@anthonywhite9828]

I recommend a very good specialist Michael Gibbs [[e-mail]] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [[e-mail]] Cheers.

[@WorkAtHomeOnlineForFree]

Gorgeous necklace. Could you possibly link iit or tell me where you got it?

[@anthonywhite9828]

I recommend a very good specialist Michael Gibbs [[e-mail]] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [[e-mail]] Cheers.

[@valerielyon2471]

How do you soft check weekly? Most websites like credit karma only change once a month

[@lell1872]

Does anyone know how credible/accurate CreditKarma's site is for calculating a soft credit score?

[@thisuniquechica]

Laura Ellis it’s pretty accurate. It pulls equifax and transunion.

[@JuneHarriseco]

[3:04] You ever think the dog gets confused seeing you sitting there talking to an unresponsive object for extended periods of time wondering if other humans are equally as crazy?

[@madeleineafridge]

I'm trying to pay off my student loans really early because I only have a small amount left, but I'm worried it will negatively affect my credit score. I'm 23, have a score in the 760s, and my student loans are one of the oldest accounts on my report right now. Is it still worth it to pay them off for peace of mind or will the ding to my credit score be too major??

[@halimak12]

I’m wondering the same thing!!

[@thisuniquechica]

The problem seems to be that when you pay off your student loans, those debts will be removed and your total credit limit will go down, right? You’re 23! Try being in your 30’s. We older people can’t go back in time. You’re so early worrying about this that you could try getting a credit card now that would become your oldest card when you finally pay off your student loans in the future. I wish I could go back in time to keep that college card I had. I’m not providing financial advice here as much as highlighting what most of us would do if we could go back in time. Also, for me, I do firmly believe paying off debts and not paying interest is always good, even if it means a lower score. Incidentally, some financial advisers say that we shouldn’t care about our credit score once we become debt free. Most people think that a great score is an asset, and it can be. But for some people, it’s also a responsibility, a super power, that they can’t handle, so it could be more of a liability. If you’re worried about your score because you want to buy a house in the future, you should look into how those loan decisions are made. From what I remember, credit score isn’t the only factor, the dollar amount of debt you have also plays a major role. So, if you pay off student loans, having a good credit score instead of a great score might not be an issue when looking for a mortgage. Again, best to do your research, but hopefully this gets you looking for the strategy for your goals.

[@madeleineafridge]

@@thisuniquechica Great advice, thank you!!! I definitely believe that paying off debts with minimal interest is always a good option. Thank you again :)

[@standonfit]

My score dropped 5 points the last statement without reason, I only increase my utilization ratio from 10 to 15 percent, which is still good, why my score dropped?

[@AshzxQuidYT]

Luis Rodriguez your utilization went up, which means one of your balances increased.

[@thisuniquechica]

Five points sounds really negligible, though.

[@SebastianCastro]

❤️

[@myopinions1]

USAA will not take off a missed payment that happened while my dad was in Sloan Kettering dying. Instead, they pulled up one from more than 6 years ago and added that and i have no documentation for and no recourse.

[@steelerbear]

If the creditor won't work with you, try contacting the credit bureau (TransUnion, Experian, or Equifax--you should be able to find contact info on their website) to dispute the information. Let them know if your situation and see what they can do for you. Oftentimes a note of some sort can be added to the tradeline/account info that will help future creditors understand your hardship.

[@myopinions1]

@@steelerbear i did. And the note is temporary. My credit is still 700s with this but would be 800s without it.

[@gigilaroux762]

Bad stuff should be removed and dropped off after like 7 yrs or something. If they don’t take it off you can ask for it to be removed.

[@myopinions1]

@@gigilaroux762 it'll drop off in a few months. But the audacity to post something 6 years and a few months old randomly is dispicable.

[@magnolia-trees]

I too I mourn my (two!) Hello Kitty BOA debit cards! 💖😭

[@smc64130]

My God what a gorgeous woman. And smart.

[@EzzyDT]

Where do you check your credit score

[@mforall1]

I use the credit karma app. It's free, gives both transunion and equifax scores and let's you know when your score has been updated

[@metrazol]

I think the toughest part is that first time your newly rebuilt shiny 700+ credit score dips and you panic. Sure it's because you had a high utilization or I dunno, bought a freakin' house, but the sense of dread sucks. Not freaking out is always step 1.

[@zin2dwurl]

How do I even create credit from scratch? I do not have any credit history so I have even been declined for a secured credit card. Does anyone have any advice?

[@mianahilliard]

Discover it credit card or discover it student card, or a car loan through your bank also can create a line of credit if you need a car.

[@osmancelik6217]

Interesting! I still think "credit score" is one of the greatest scams and discriminators of our time! When I paid off all my debt, my score went down significantly. Money in the bank, cash flowing paid for rental houses but nope, banks do not like that. No wonder the system went upside down! Really wanted to emote bad records and inquiries off my credit repott i came across CreditMasterFix🟡COM just recently after i've been using Lexington Law for over two years, I'm glad i have a clean profile Now

[@DD-gz9ut]

Unless you have emergency medical bills, having credit card debt is never justified. If you have non-medical related debt you are spending beyond your means. That new phone, tv, laptop can wait. That bar or restaurant you go to so much is easily replaceable by dining at home and buying a bottle of wine at the liquor store. I have 4 different credit cards and by using them as debit cards I have never paid a dime in interest.

[@ziintle]

Yes Chelsea, flex on us. Y’all have the same 24hrs

[@gd_amacsiz_gorkem7869]

wake of prescribing this clasp to gain proficiency with some information about credit....

[@RJ-ew9fl]

If i ask for a credit increase won’t they check my credit and affect my score?

[@daisyalicia4038]

Not for a card/ line of credit that you already have

[@steelerbear]

They may, but those are (at least supposed to be) soft inquiries that won't affect your credit score. Employers who check credit also use soft inquiries, as do creditors who send you 'pre-approval' offers.

[@risamaeve]

Chelsea, once you have 7 years of credit, dropping to 6 is not a big deal. Another year will pass soon and you'll be fine. Don't keep paying an annual fee, even $25, for a card you don't use. Also, a card with good payment history will stay on your credit report for 10 years after you close it, so you'll have plenty of time for your current cards to age up before it actually drops off your record completely. Please close that old card.

[@robertthomson1587]

I get an email every month telling me what my credit score is.

[@anabettencourt6943]

Weekly credit checks seems a little excessive. Really good tips, otherwise. Thanks!

[@ruyalarda2808]

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[@realmms]

I assume my score is ok... I don’t what it is. But I have a mortgage and have 1 credit card... so I guess everything is fine.

[@kahvefalinda5]

Credit karma shows I have a collections, Experian shows i have no collections account, Credit karma shows 4 hard inquiries, Experian shows 12 hard inquiries.... But all these credit problems got fixed after reaching out to CREDITMASTERFIX◻COM and I now have 810 FICO Credit Score, all my tensions and pressures are gone for this thanks C R E D I T M A S T E R F I X L L C , your credit repair services is obviously the best!!!!

[@Rosetteismyname]

$25 a year for no reason...good thing your rich!

[@suleymancakr1779]

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[@emineguran6630]

I'm in California, I bought a vehicle, but in my shopping I had 12 hard inquiries done in a one month period, I have heard (and I can't remember where) that in Ca. if you BUY a vehicle within 30 days of the first inquiry that any inquiries within that 30 day period would be combined into ONE inquiry. But this has not been changed on my reports which is giving me headache along side collections, charge offs & tax liens but few weeks ago I read about CREDIT MASTERFIX from an article created from 2019 by a UK blogger. They didn't only delete all negative items that's giving me headache, they also raise by score by 265pts in under 3 weeks using them CREDITMASTERFIX🟢COM

[@oyunekseni6276]

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[@adrianagreen1109]

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[@serhankulhan7739]

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[@bombastic6284]

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