How To Build Credit Part 1/2

[@JasonCWaite]

I've watched alot of videos on KZbin. Yours are some of the best.

[@BeatTheBush]

+Jason C. Waite Thanks much! Really appreciate it. Hope the video helped you. =D

[@njstorozuk]

Jason Waite I agree with you

[@Mxl100]

my steps are 1)earn money 2)pay your debts one by one 3) get your utilization under 30% at least 4) have a maximum of 2 credit cards only! that way you got a nice little cycle of credit leaking in

[@BeatTheBush]

+Christian Ruiz If you have debts you got it spot on. To pay all debts off is the ultimate goal. You might reconsider #4 because having more cards from various banks boosts your credit score by increasing you total credit limit and hence reducing your utilization ratio given the same amount of spending.

[@HebrewHoney777]

my credit score is 718 but i'm trying to reach at least 800

[@BeatTheBush]

sounds like a plan! it'll takes years though so don't be too much in a hurry. just do a ll the right things in the mean time.

[@cynthiaclinton753]

contact [e-mail]

[@aaronjames3163]

Do you require of a hacker to fix your credit scores. Contact: [e-mail].

[@carolschneider1596]

I can speak from experience. April 2015 I had a 546,536,544 credit score . Today my credit score is 740,740,740 on all three credit bureaus. I understand that every situation is different. For me, I could have figured out what to do on my own but Id rather pay someone else to save me the time. The guarantee of 40 points every 4 months helped as well. There are a lot of things that I can do but things I consider important I rather hire professionals. The telephone number I use is 518-344-0400 here in illinois “itechhacks AT techie . com I am sure that they can help regardless of location.

[@paulnitz4813]

Carol Schneider . itech hacks worked on my credit score too . They were expensive but then they like m pay after my credit score boost reflected on all three credit bodies . they are really worth every penny I spent . Thank you Guys.

[@stevenmiller7747]

Don't worry about a credit score of 848, there are no advantages to a score of 848 over a score of 800 or even 775. It might be fun to show it off but if you are in the upper 700s going any higher does nothing for you.

[@BeatTheBush]

Correct. However, you can get even better rates having a higher score than 700. Over 760 then there is absolutely no difference. Still, if you have over 760 allows you the room to cancel cards without worry about reducing your score enough to get a worse interest rate.

[@SalsaColombiaUS]

My credit score went from 779 to 799 six months after I got a 35K car loan, keep in mind I made a dent on my loan by recently paying off a good fraction of it.

[@BeatTheBush]

Just having it and keeping it in good standing will be a boost to your score. However, a $35k car might not do so well for your networth.

[@SalsaColombiaUS]

BeatTheBush true true, I'm planning to sell it in the future when the stock market crashes, I should have done this in the last market crash but I was too young to know anything about the stock market.

[@patty109109]

Salsa, based on your comment it sounds like you are still too young.

[@marksantucci4230]

Hi Naughty Devil I see you had the Capitol1 venture card, so have you thought about the Venture 1 card? did they offer you the venture1 card before you canceled the venture card?any thoughts for people who DON'T travel on business for the citi double cash card?I have venture 1 what do you think about my card?any thoughts on the Quicksilver card?

[@marksantucci4230]

your right about kay and Zales they don't charge annual fees. but there's nothing in that store that's affordable once you paid off that card. it's not like going into Macy's or Nordstrom's where you can find something affordable. you won't find something small to charge , watches , jewelry will be expensive whatever they sell.

[@BeatTheBush]

+Mark Santucci Opps, I forgot that the Kay and Zales credit card you are talking about cannot be used elsewhere. I.e. it's a store only card and not also a credit card. In that case, don't buy anything at all but keeping it open will probably be better until you establish your credit with other cards more.

[@tonynguyen8224]

you are the best teacher on this topic. Keep up the good work.

[@BeatTheBush]

Thanks! Will do. =D

[@brinsonjenny]

You are so adorable. I just found you today & now I’m binge watching.

[@BeatTheBush]

Welcome! =D

[@beyoutifullyunique03]

Hi, can you tell me what the best utilization would be for two cards? One is $500 and the other card is $200. Do you keep each card under 10% or do you add the cards together and stay under 10% from the total of both cards? This is so confusing to me having two cards. Thanks!

[@macster1457]

You really need to be below 30% of credit utilization. So, having multiple credit cards increases your credit which can lower the credit utilization.

[@BeatTheBush]

It really depends on what limits you currently have and what credit score you currently have. I recommend different tactics for each.

[@cellyszn20]

Not necessarily I mean when you have a lot of credit cards, you can move to spend most of your variable expenses if not all on your credit cards. So one card could be for fuel and another for groceries and perhaps the cars with the most history can use to fácilitate your holidays.

[@views40]

Great video man!! Very nice production, too!

[@BeatTheBush]

mrhorwitz Thanks! And please do not pay interest. =D

[@kolilagephart3766]

This applies till you get your mortgage. After that if partner is rock solid cash back cards only. IF your marriage is rocky cash only. If your 50 or older you should be able to get that new car out of savings. If your not there your retirement is screwed..

[@ml-sy8im]

Your really good at explaining,keep up the good work.

[@BeatTheBush]

Thanks! Always trying to make it better though. =D

[@NiasiaCliffMega]

Hey great video man this helped a lot my credit score is not as good as yours but it's almost there and it's good enough that I got a business credit card I'll be doing a video on that piece and I'll check out more of your videos

[@BeatTheBush]

+niasiac Thanks a bunch! But no need to try to get a perfect credit... anything more than 780 is just for show.

[@pudncld25ify]

Thanks for the info. Its already helping my score.

[@BeatTheBush]

+xlightfootx Awesome. It doesn't happen overnight so I assume you looked at this video a few months back?

[@pudncld25ify]

Well just a couple weeks ago. Pulled credit report, Disputed derogatory items. Have a secured card on the way. Score has already went up 6 points with only 2 of the 6 derogatory Items investigation completed. My parents never educated me on credit. You have helped me a lot. This is just the start, But I'm on my way.

[@BeatTheBush]

+xlightfootx How awesome is it that this video actually helped! This is exactly the reason why I made this video. I'm so glad you followed my recommendations! Glad you are able to start building credit! =D Just remember.... number one rule. Never ever carry a balance.

[@CommandoMaster]

Credit cards and the scammers Hittin' off licks in the bando Black X6, Phantom White X6 looks like a panda

[@clayfry1229]

Will credit card companies close your account if you haven't used it in awhile? thanks

[@BeatTheBush]

Yes they will.

[@brightviewcreditrepair2520]

Clayton! yes they will. Should keep a minimum of a dollar just so that it keeps your account open and reports on a monthly basis.

[@ThaoNguyen-mi2dd]

Thank you for that info. Really helped. Especially the link to the website for the free credit report. Just for that I liked and subscripted to your channel.

[@amina6655]

Beat the bush? What do u think is better for your credit score and report; a secured loan of 5k for a 6 month duration or a secured loan of $500 for a duration of 5 years?

[@Mzlilunique]

The highest I've reach was 812, now it has dropped to 799 maybe because I aggressively paid off this high personal loan within a year. I pay my bills on time monthly and never have a balance. I don't own a house and my car is older. what can I do to raise past 812 and closer to 830-850? Should I purchase a car until I buy a home? Should I ask my credit card companies for an increase on my limits? Help please.

[@BeatTheBush]

I doubt its paying off your personal loan. Perhaps you had a few inquiries? You can try this video aimed towards people with pretty good scores already trying to get it even higher here: kzbin.info/www/bejne/g3SpfIF4mN50jdU

[@ericterrin6338]

well my friend god bless ya for having the help the tools and the guidence for starting early in life to have a 800 plus credit score in 2017.. oh and how old are u lol.. unfortunatly some of us that were born in the 60s and 70s didnt have the tools the luxury or the knowledge or guidance to start early in our teens ha to much goin on in the world back then to have a 800 credit score by now lol. ..soo with that being said starting over at 49 in 2017 is not that dificult as someone trying to start over at 69 thank god im not 69 but yea its never to late to learn or start over. well im 49 very healthy and smarter now and i did scew up my credit as a kid. but being a master at keeping utilization low and mastering payments on time now but yet starting over with a score of 512 now ... i think i can hit 700 maybe in a year and 6 months with ...5 secured cards.. one store card, and 1 installment loan. the cool thing is none of this has hit my reports yet cuz all of it is new sooo we shall see the jump when it all does.

[@BeatTheBush]

That plan should work. Remember to try to switch over to unsecured cards and get rid of secured ones gradually as they make your credit report look bad.

[@hyun4622]

Thanks you for information. And I really like your sofa, can I ask where can i buy it?

[@BeatTheBush]

+Hyun Lamond No problem. Interestingly, I bought it off amazon, lol. The 3 seat: amzn.to/1naA8Bh The single seat: amzn.to/1P71L95

[@superchickensuperchicken7939]

BeatTheBush, I wouldn't say never pay interest because they will close your account if you never pay some interest on your credit card..this has been my experience

[@BeatTheBush]

I never pay and they don’t close mine.

[@Kayakamuy]

Does the credit report do a hard pull?

[@alirashidikouchi6825]

BeatTheBush, you are awesome. If I reach to credit score of over 800, how many percentage would be the apr of car loan or home lone?

[@BeatTheBush]

Why sir... thank you. Over 740 you generally will not see it improve much more. It's just for show mostly other than being easier to churn cards.

[@alirashidikouchi6825]

BeatTheBush your awesome because: 1: you share your knowledge 2: you're a good teacher 3: you reply all comments I was accepted for US bank cash+. Next one for me gonna be Amex blue cash back or Citi double cash. My biggest experience is grocery and I couldn't have any 5% cash back on grocery.

[@marksantucci4230]

I have a question for you, you know how people say keeping your older accounts open helps boost your credit, well what if you have Citi bank Thank you premiere let's say somebody got this card in 2014, so your intro is over now , so let's say somebody has a jewelry store card like Kay or Zales , they're middle class let's say from all sources they make 50,000 , these cards are charge account's so after they get done paying the bill off it would be time to cancel both types of cards the Citi thank you premiere and the jewelry store charge account's correct? so if there oldest card is the citi thank you premiere 2014 let's say the zales is 2015 let's say somebody just got the Discover More and Bank Of America cash rewards card 2016 wouldn't it be better to keep the newer cards open and close the card with the annual fee and jewelry store card? also what are your thoughts about the Capitol1 Quick silver card for somebody who doesn't travel on business, doesn't leave there country get's 1.5% cash back on all purchases but no bonus category's what do you think about that card for the average person which card do you like the best for overall use not just gas and grocery's but overall use? Capitol1 quicksilver Bank of america cash reward Capitol1 venture 1?

[@BeatTheBush]

+Mark Santucci If the oldest card you have is only a few years, you will probably see a significant drop of your credit score after you close it. I would close it anyway just to avoid the fee though. Working with only a few cards only a few years old, I would not have gotten the Citi TY Premiere with the intention of closing it because you having a track record that young, you are not at a point of being able to close accounts without dramatically affecting your credit score. 1.5% is nice but 2% on the Citi Double Cash back is even better if you can get approved for that one. That one would be a great everyday use card for anything else not in a category. Those other cards are fine but none of them are the top ones I like. BofA Cash Reward is great for the sign up bonus.

[@bethm3152]

Since you have the card... do you have an idea of how likely it is to get the discover IT card? I know you have great credit, so you might not. I have pretty good credit. But I wanna be sure

[@LuisHernandez-jh1pt]

Hey awesome video ! And question , I have a discount tire card . I can use it at Exxon and some car shops . I hardly use it . Typically never do . However , should I cancel it ? Or how should I go about that ?

[@BeatTheBush]

Luis Hernandez It's not really bothering you right? Just keep it because it'll keep your total credit limit high. I would used all cards that gives you the most points or percentage cash back first and then lightly use your Exxon card. Lightly as in (

[@LuisHernandez-jh1pt]

Okay thanks ! And one more question I asked for a credit limit increase for my Wells Fargo and Home Depot credit cards . It was granted does that go as an inquiry of any sort ? Does it affect credit in a negative way ?

[@BeatTheBush]

Luis Hernandez Awesome! Not sure if they do an inquiry, if they do one it will be a soft inquiry and that does not affect your credit. If you get a limit increase it makes your score go up! Not negative at all.

[@apolloskyz457]

What should I do about medical bills on my credit? Do I dispute some, or call and make a payment plan? please help with ur advice. I want to buy a house next year.

[@BeatTheBush]

+Chaun Ramos Dispute only if it really isn't your bill of course. If you have proof that a bill isn't yours then it can come off pretty quickly. Of course consolidating to a lower interest rate always help pay it down faster by using more of each payment towards the principle.

[@mikeliterous9281]

I'm 17 and curious about building credit. could I start now? what should I do?

[@BeatTheBush]

You cannot legally get a card until you turn 18. You cannot use one even as an added card user on someone else's card. Just hold up and get one when you do turn 18 and check out this video to prep you. kzbin.info/www/bejne/pqmqdnalhtR_gqM It's geared towards people or students just starting their credit history.

[@mikeliterous9281]

+BeatTheBush thank you for the info, much appreciated

[@Marcocappp]

Mike Literous same 17 just curious

[@BeatTheBush]

Denilson De La Rose Pretty good to be prepared so you can get one as soon as you turn 18.

[@Marcocappp]

BeatTheBush thanks we really appreciate it, so since we dont have a score, how many years will it take us to get what is considered a excellent credit score ?

[@princesskaha]

Good content in this video. I have a question about on time payments. The last time I was late on my payments was 3 and a half years ago, yet my report still has me at a D for on time payments. what can I do to raise that category aside from making on time payments, which I'm doing already?

[@BeatTheBush]

+princesskaha nwabuoku You could try to contest the late payment and see if the creditor will remove it although its a long shot. Otherwise you would have to just wait until it falls off your history in 4 more years.

[@garfieldlawrence2988]

VERY HELPFUL. I always get credit cards sign ups in the mail and i throw them away. Will it help my crefit score if i have more credit cards? I currently have one credit card.

[@BeatTheBush]

Huh. They are sometimes very advantageous. Lots of bonus sign up dollars to be had. Yes have more total credit limit by getting more cards, it will increase your score.

[@buddybestor]

I like to pay weekly on my credit cards, but is it better to save for 4 weeks (of what I would normally pay my cc) and then pay the 4 weeks worth at once at the end of the month? I thought by paying weekly you keep the balance down the lowest since interest is added daily...or am I wrong?

[@BeatTheBush]

+buddy If you carried a balance from last month, then you get charged interest daily. If you don't carry a balance, you have a grace period of about 20-30 days until interest starts accruing. So you can pay at the end, in that case, without paying interest. Even if you don't carry a balance, you can pay weekly to lower your utilization ratio but that's a crude method of minimizing utilization ratio. See my video on how to boost your credit score to minimize utilization. It's essentially paying before you statement date as opposed to your due date.

[@HotRefuse]

Thanks for the info!

[@BeatTheBush]

Right on. =D

[@397coney7]

Collections; can you really negotiate with them to remove the collection from report? I have six on my report, all really low balances. I'd rather just pay it and get it off my report. Thanks!

[@BeatTheBush]

As a condition of paying, yes. So negotiate with them.

[@brightviewcreditrepair2520]

You can negotiate them down, especially if they are low balances and have been in collections for a long time. However, you might want to dispute them because a lot of the times the collection company isn't reporting them correctly or shouldn't be reporting them at all. Whatever you do, make sure you get it in writing before settling or paying them off.

[@JuliansRandomProject]

I'm still working on a FICO score of ZERO! Wish me luck :)

[@BeatTheBush]

If you are implying you are trying to get to a score of zero, it sounds like you are in the religious camp of cash only. Nothing wrong with it as which side you happen to be depends on your personal preferences. May I ask which favorite finance person you follow that got you onto this zero Fico? Btw, here is my take on credit or debit. kzbin.info/www/bejne/gGG9g5p4fqxmb7M No right or wrong really.

[@JuliansRandomProject]

Yes, You could put me in the 'religious camp' of people that believe the borrower is slave to the lender. Been debt free for 10 years after being turned on to Dave Ramsey (radio host out of Nashville). Religion aside I'm ethically apposed to the way creditors treat people so I choose not to participate. Loved to hear you say "Those that can most benefit from Credit Cards don't likely need them" And that millionaires aren't becoming millionaires with Miles & Points. Good on you for keeping it clear.

[@BeatTheBush]

I knew it! Your first comment is reminiscent of his ideas. I don't like the ways creditors treat people either since it's pretty predatory. Correct, most (90%+ I guess?) will not benefit from using credit cards because they pay a hefty interest. The rest who are responsible credit holders that carry no balance can benefit from the cards. Dave repeats the "I've never seen millionaire brag about becoming millionaires from miles and points" often. It's largely true you do not become a millionaire solely from points since that would be ridiculous. Realistically, I consider points will contribute about 4% of becoming a millionaire, meaning over the course of a lifetime (lets say 40 years) of taking advantage of points, you can easily get $40k worth of points. (4% of $1 million is $40k) $1000 a year for 40 years is pretty easy to obtain. With recreational card usage, you can reach $3000. He also points to people spending more because they do not see the cash leaving their hands. Also true unless you are largely unaffected by marketing than most. Who is largely unaffected? Very few people can stroll around a store and resist the urge to buy nothing.

[@BeatTheBush]

A ha! I was going to guess him as you repeat the same lines from him. He has a LOT of fans! Credit is like a beast, you have to tame it. If you are able to tame it, then you can benefit. Rather than say it's evil and cut up all your cards as an all blanket approach, I think you just have to figure out which type of credit user you are before using it. "Millionaires don't become millionaires with miles and points" - Dave Ramsey. They don't become millionaires solely from it but I bet it helped about 1-3% (10-30k). So a blanket statement like that is true but I rather say "Some millionaires became millionaires with a little help from miles and points"

[@BossChronicles]

i have a macy's card and i've had it for years rarely use it maybe once a year and since i don't use it much the credit line is very small i think like $200 if i call and canel the card will it have a big impact on my credit as far as lowering my score?

[@BeatTheBush]

It really depends on all your other cards and how old they are in comparison. If your macy's is your oldest, it might have some affect due to changing your average credit age. The thing to remember is, if there's no annual fee and you do not have 800+ score, then don't cancel it.

[@Fr33man1988]

I wanted to ask you about the 6th thing. Why is it necessarily bad to keep a balance on all your credit cards? I usually hear that anything under 30% utilization is the key to help build your credit score. I have several credit cards I use....one for gas only, one for groceries, one for my cell phone, insurance, and cable bill, and one for my everyday purchases. I thought having several credit cards and using them all with under 30% utilization is a good thing.

[@BeatTheBush]

+Fr33man1988 If you keep a balance then you increase the utilization ratio. The lower that is the better your score. However, I wouldn't know if it is a linear function or if it doesn't matter if you use less than a certain percentage. Based on my experience, the less the better. Plus, if you keep a balance, you incur interest rate fees which is VERY important to avoid. Btw, even if you pay it off every month, the utilization ratio is not zero, its how much you charged it. I wouldn't recommend spending less just to get it lower but rather ask for a limit increase or just wait for an increase.

[@jayinla81]

BeatTheBush Really??? even if I pay it off every month!? please elaborate. I thought you were very clear in your vids that as long as one paid the entire balance by the statement closing date, the mutilation ratio for that particular card would be reported as zero because the balance is zero due to the pay off a day at two before the statement end date??

[@jayinla81]

utilation (not mutilation)

[@BeatTheBush]

Jardiel Sanchez Yes, if you pay everything off before the closing date, your utilization will be zero. If you pay it off every month on your DUE date (not closing date), then you will not zero out your utilization ratio.

[@RandiOW]

i got an emergency apendectmy while I was in highschool and uninsured now my credit is 524 because of overwhelming medical debt i'll never be able to pay. Tips? only 2 more years an it will be gone but my credit is destroyed now.

[@BeatTheBush]

omg, that is unfortunate. What do you mean it will be 'gone'? You will pay it in full in 2 years? or something else?

[@brightviewcreditrepair2520]

Hi Zevixx, go to our site and download our credit building guide. www.BrightViewCreditRepair.com You can offset your negative items by adding positive credit lines and making payments on time.

[@IvyANguyen]

Is it possible to temporarily freeze your credit cards to pay them down w/o accidentally charging stuff to them (or having recurring charges trigger)?

[@numericcash]

Hi! So i have a capital one secured credit card that allows me to check my credit every month and it tells me its 689 right now can you give me a estimate on what my real credit score is? Could it be 700? Or lower then 689? And I recently just applied for American Express blue card and was approved 2,000$ should I cancel my secured card that I have for 5 months since I no longer need it no more? I'm just scared if I do it all at once my credit will go down by 50points...

[@BeatTheBush]

+Harrison B The credit score you get is the actual credit score from one of the credit bureaus but score from the other two could be different depending on what other information they have on you. There is no way to guess based on information you have from one of them. If you cancel your secured card, it will drop by MUCH MUCH more than 50 points because of your limited credit history and also you wipe out most of your credit limit. If doesn't cost you an annual fee, just keep it for a few years. If you do not plan on needing your credit score for a while, you can just cancel it anyway. If it costs you money to keep the secured card, you might have to pay to keep it just to keep your score up.

[@noaraldino]

+BeatTheBush Thank you i enjoyed your video liked and subscribed make more videos.

[@BeatTheBush]

+DINO B Sure will, I've got a finance related one this Tuesday.

[@TheLakers808]

So with my credit score As a ok credit . When my car loan is paid off how much more credit points will it add to my current credit score

[@BeatTheBush]

It really depends on how strong it currently is. It's really hard to say.

[@moonshockagaming7760]

thanks for sharing :)

[@christopherdouglas1711]

For your credit score boost, clear off your credit cards debt. I will advise you to get in touch with a professional for your problem to be Solved helped me remove all my negative items on my credit report and He helped me boost my credit score to 760 Excellent score within 5-8 business Days. He also helped me pay off my credit card debts, His service is fast with a substantial service charge. Contact him via mail today. ([e-mail])

[@antonioventura2652]

Quick question, I have a 300 dollar credit limit with Capital One. I always use less than 30% of the 300 dollar limit. I've been approved for another 300 dollar limit with Discover. Do I still use less than 30 percent of the limit? or do I have to use less than 30% of 600 dollars since that's how much credit limit I have in total with both the cards?

[@BeatTheBush]

30% is a sort of a myth. Watch this video to understand what I mean: kzbin.info/www/bejne/l6XXgn6wo8ykpac

[@antonioventura2652]

the world needs more people like you haha thank you

[@alainorozco8032]

I recently started to pay off my credit balances the moment the transactions clear. Is this a good way to use my credit? or should I wait till I get a statement?

[@BeatTheBush]

No, you shouldn't do that as it doesn't exercise the max limit of your card. Pay it right before the statement date. Let it accrue so the credit company can see you need more credit and raise the limit for you.

[@morningbread1139]

I have a score of 689. Trying to build it up. So you advise to open up a lot credit credit socre but warn about opening up too many. Can you clearify? Also I read somewhere that you can't have a credit score of over 700 if you have any late payment in the last 4 years. Is that true?

[@BeatTheBush]

Sorry if it's confusing. You open as many as you can to increase your total credit limit. But as you open more, you will find you may eventually get rejected from opening up too many. Too many will also reduce your credit score in the short term. Hence, you may want to open 2-4 a year with different card issuers since a single one will limit the total credit they extend to you. It might be possible to have over 700 credit score if everything is rock solid and you only have one single late payment. It's not like a single late payment will drop a 830 score to below 700. So a late payment will affect everyone differently depending on how good the rest of your credit is.

[@brightviewcreditrepair2520]

Hi Jessica, you can basically have as many credit cards as you want as long as you don't apply for them all at one time. This will cause you to have a ton of inquiries in a short amount of time and will make lenders think your in a bad financial spot. Also, that is a LIE. Most late payments will stay on your credit score for up to 7 years but will not affect most lending decisions or score after 2 years, especially if you don't get another late pay and continue to add positive credit. Hope this helps.

[@MarvelousCards]

Great video. I plan on watching more. I really need some help with a situation. I have little to no credit and need to build it. I don't have bad credit but pretty much no credit cause I invest outside the banks. I currently have a capital one secured card and card through my credit union in hopes to build my credit. Does that help with building credit? I mistakingly accepted an offer for a credit one card and was approved for 400.. However there are "setup fees" of 75$. I called to cancel but they offered to lower to 50, then 25$.. I thought about it and still haven't decided. I might call back tomorrow to cancel before any charges are made on the credit one card. Would you recommend keeping the card as a credit builder and just minimize the purchases to around 30% and pay everything off quick in order to help build the credit. They do offer free credit reports so they say.. So what do you think? Is this credit one card worth the risk or is it a scam? or does it help? Ive read horrible reviews and people are saying to run away from it but maybe those people just don't know how to budget or pay their bills? I also see credit one just signed a deal with Nascar a few days ago which looks like a good sign cause at least they are in fact real lol. Any advice would be helpful.

[@BeatTheBush]

+Ken K. Charging for the privileged of using a credit card is criminal. HOWEVER, this maybe the best thing you can get to build your credit. At least it's a setup fee and not an annual fee. If you use it as a credit builder, I would recommend you put all your purchases on that card up to about 90% of the limit without trying to spend money just to max it out of course. And of course doing this only if you have the money to pay it off every month. Credit reports are free, you can get those free once a year. The card company is just trying to make $25 off of you. Since you are starting out, you may want to watch my other video on building credit for college students. Not knowing if you are a college student or not, but the same principles apply. Here: kzbin.info/www/bejne/pqmqdnalhtR_gqM

[@MarvelousCards]

+BeatTheBush Actually I should have said it is an annual fee of 75$ that most people aren't even told about when they get initially get approved for the card in the first place. The company also uses a similar logo as capital one bank which gives me a bad feeling. I did however call them and talked to someone who lowered the annual fee/setup fee to get the account started down to 25$ instead of 75$.. So I guess its hard to know if its worth paying extra fees here and there to build my credit and just keep it for a year or two until I get approved from other credit cards, or if I should just cancel and try elsewhere like capital one, citi, or someone more reputable. I still have a bad feeling about creditone cause the high amount of bad reviews cannot be ignored and people are saying to stay away because of so many fees, fraudulent charges, and trouble with closing the account. So far I'm not sure and part of me wants to just cancel it completely and just stick with my credit union and capital one and try to build up my credit through them. Thanks so much for the info and I am College student and i have two jobs. Do you know any information or have experience with creditone cards?

[@BeatTheBush]

Ken K. The annual fee would hurt at $75. I mean, even if you try to cancel they probably wouldn't let you at this point. I haven't tried creditone myself since I just started using a Discover card and never even used a secured card before. The many hidden fees really concern me so if you do decide to use it, you need to pay close attention to your bill. Perhaps even counting on spending some time on the phone to sort things out with them if it ever happens.

[@MarvelousCards]

+BeatTheBush thank you. I'll see if they adjust the fee down to 25$. The lady also said if Im not happy with it after trying it out I can cancel it. I plan on only using about 10% of it for small purchases and pay back just to use it to build. I'm starting to think maybe the people complaining may have been using it the wrong way and not making payment on time. Ill share my experience on your channel and if anyone else out their has dealt with credit one please comment and reply to this. thanks again.

[@BeatTheBush]

+Ken K. Sounds like a plan. In then mean time, look for another card that has no annual fee to replace this one. You can usually go with starter cards like Discover.

[@bluewinterforever8529]

My score remains around 750/760 over the past year. I want to boost to 800. I wanna buy my first house. Can you tell me what to do?! I'm 27

[@BeatTheBush]

You don't need to do anything as that will get you the best interest rate already. That last bit is pretty hard as it requires MORE perfect history (10 years), MORE cards, MORE different types of credit, MORE income to increase your limits. You could try the self lender thing in my other video as well.

[@evelynbecks9307]

Hello Dalight , You can contact Daniel . A Private consultant with trans union . Mid last year i was 690 but I am currently 790 and still counting . I recommend him highly . [e-mail] would be his email domain . GoodLuck

[@marthapatton6282]

Thank you Evelyn , It worked for me . You finally solved my mystery . Daniel is a such a nice guy but he was slightly expensive . God would reward you both highly . Amen

[@InfamousKiddXD]

Leslie Brooks you neither evylyn have content on KZbin which means you yourself are this person named Daniel you’re talking about promoting your scam services which is sad lol

[@kamara_truckerkamara6449]

I really need a 850 Credit Report and how do I raise my credit score from 685 to 850 in less than a year?

[@BeatTheBush]

Well, you don't need 850. You only need to get it above 760 to obtain all the benefits of 850. 850 is just for bragging rights. And I do not think you can do that within a year because part of the equation is a long history of about 10+ years and not just one.

[@kamara_truckerkamara6449]

I do acknowledge all you mention, but how can I get 760 rating within a few months?

[@BeatTheBush]

kamara_trucker kamara I don't think there's a way to do it that fast. It gets harder to increase it further the higher you get.

[@evelynbecks9307]

+kamara .. Hello , You can contact Daniel his isa Private consultant with trans union . Mid last year i was 690 but I am currently 790 and still counting . I recommend him highly . [e-mail] would be his email domain . GoodLuck

[@g.pearson4726]

As of today ck score is 684trans. & 691ef. Is it possible to build a great credit profile off of just credit cards. I’ve financed 2 cars in the past and paid them off in full w no late payments (ddnt bring my score up. It hurt it). No student debit(never had student loans). I have zero debit. I was an au for 3yrs. (No long on that account). I have 2 chase cc currently opened June 30 & July 13,2017 (zero balance ). I would like to buy a house within a yr. or so. Do you have any recommendations? Last yr. my score was ck715-720. After having bank run it for house loan it dropped then I dropped being au on the card I was on (I was out bid on house-so ddnt get one). ** I watched your video on closing due dates and $2.00 balance. I will try these on my next billling cycle. You can call your cc to find out closing due date and when your next billing cycle starts. Thank you for all that you do

[@BeatTheBush]

Probably because your history is not established long enough. And you need more cards with more history. You might want to consider a self lending loan to add to your credit history. More info here: kzbin.info/www/bejne/ppTaopV-jsSlpbM

[@g.pearson4726]

Thank you as always for your quick reply and excellent tips. I just watched the video you recommended to me. How many times should I take out the loan? Just a one time for 12 mth. loan or twice for 12 mth. loan for a total of 24 mths. ? Thank you again and if I decide to take this route I will of course use your link.

[@01GUYANESE]

How can I raise my credit score from a 778 to 800 quick. I have 3 credit card, a personal loan ($2800) and a car loan ($9900)

[@BeatTheBush]

You can pay off the loans and that should do it. Otherwise you can try the boosting trick here: kzbin.info/www/bejne/gqqlm5afr5lgsMk

[@cynthiaclinton753]

contact [e-mail],he help me increase mine and my brother.

[@brightviewcreditrepair2520]

Keep it simple by lowering your credit card balance and get a mortgage if you can. Your score might dip a little when you get a mortgage but it will shoot back up within 6 months of payments. Nothing is guaranteed but that should add 20-30 points easily.

[@Siggipugger]

Does a bank overdraft limit count in the total credit available calculation?

[@BeatTheBush]

No. It's the credit limit that counts.

[@Freerydah73]

You mentioned that it's good to apply for credit cards as much as you are allowed to eve though it would hurt your credit score short term then later on you said not to apply for multiple accounts in a certain period of time, isn't that contradictory?

[@BeatTheBush]

"As much as you are allowed" I meant as up to the limit that you will qualify for. If you apply for too many then they will start rejecting you. So to me, those statements are trying to explain the same thing. Hope that's clear.

[@Freerydah73]

+BeatTheBush Ok. I'm just worried because I applied for both Amex blue cash and chase freedom at the same time the other day. Is that good or bad? I thought the more cards the merrier so I applied for both.

[@BeatTheBush]

Bred Saint They don't really care if you apply at the same time. Perhaps one will see you just applied to a card depending on the timing. Well, more the merrier as long as you get accepted. If you get a rejection at any point, then stop for a while until the hard inquiries drop off the 2 year window.

[@Freerydah73]

+BeatTheBush Thanks man! Keep on making videos!

[@BeatTheBush]

Bred Saint Will do. =D

[@397coney7]

How long do the hard inquires stay on your report?

[@BeatTheBush]

24 months.

[@MayaKanaKa]

BeatTheBush if a hard inquiry is removed on your report after 24 months, how many points will you get on your report?

[@brightviewcreditrepair2520]

They can stay on your credit report for up to 7 years but they don't really matter after two years. You can have them removed 80% of the time.

[@01GUYANESE]

I have a question? If I add a authorize user to my credit, whos credit scores is above 650 but below 700 in afford to raise they credit score. Would it affect mines if they also apply for a new line of credit?

[@BeatTheBush]

If they apply for a new line of credit, it may drop their score depending on how many hard inquiries they have. If they have just one then it will affect it very little. If their score drops, it will also affect yours but I do not think you need to worry about this since its so insignificant.

[@01GUYANESE]

BeatTheBush I don't want my score to drop especially since I'm 35 point away from 800

[@BeatTheBush]

Opps, sorry, I read that in reverse. If you add someone to YOUR card, as long as you control the card you add, you score will not go down.

[@01GUYANESE]

How can I raise my credit score from a 778 to 800 quick. I have 4 credit card, a personal loan ($2800) and a car loan ($9900). I'm working of both loans. I've plan to finish off with the person one by the holidays and all my card are paid off with credit line of $8000, $5000, $4500 and $3000.

[@reneehubbard4097]

so once I paid off a credit credit I shouldn't close it? i have 10 credit cards and Im tired of having so many

[@BeatTheBush]

It depends on what your credit score is. If you have 800+, you can close some of the young ones. Otherwise, only close the ones with an annual fee. If there's not annual fee, just keep it.

[@reneehubbard4097]

BeatTheBush my score is only 604. I'm trying to raise it within the next 6 months to get a car

[@BeatTheBush]

Yeah, dont close them. You might consider a credit builder loan vid here: kzbin.info/www/bejne/iH-7pqd4fKahoq8

[@reneehubbard4097]

thank you so much If my credit card utilization is lower will that boost up my score quick. most of my cards are maxed

[@BeatTheBush]

Of course it will. Maxing them out is terrible for your score.

[@sadiemariealonzo1872]

Is it reported if it's a day or two late from the due date?

[@BeatTheBush]

They usually report a day or so after the statement date.

[@bregrier4760]

what about debt consolidation?

[@BeatTheBush]

That's a good idea, I'll do one on that soon.

[@CaliBoyee818]

Is it good to use my credit card or only use if it an emergency?? And if i dont use it will jt still help me build my credit?

[@BeatTheBush]

Using it at least once a month is good for your score because it shows up as active on your credit report. Letting it sit idle is not as good for your score. Generally I put every last dime or expenses through my cards since that racks up a lot of rewards points as well.

[@CaliBoyee818]

+BeatTheBush What if its just a credit card through my bank??

[@BeatTheBush]

Bank credit cards are reported just the same as regular credit cards. No difference.

[@CaliBoyee818]

+BeatTheBush Thanks man i subscribed...

[@BeatTheBush]

Thanks,Daniel Vaiaoga ! Much appreciated! =D

[@bethm3152]

Awesome videos! I've been a fan for awhile now, and I'm really wondering, where's your wife???? You have a two story house, or at least a set of stairs, unless that's a prop😂 a house that big, you can't live alone!!

[@BeatTheBush]

Lol... I don't have a wife.

[@kamara_truckerkamara6449]

When should you try to get more Credit Cards?

[@BeatTheBush]

Anytime you qualify for more.

[@creditcardschecker1290]

Shared :D

[@drewhjc]

so if I had a credit card for 500$ and I spend say 400 of it and pay it off like a week before the end of the month before my bill statement even comes out. Will that make my score go up or down?

[@BeatTheBush]

It will make it go up but very slowly.

[@ahmadthegamer]

+BeatTheBush what if he spent $48 instead of $400?

[@BeatTheBush]

***** Then it will take longer for them to increase your credit limit since you don't really need a higher limit because you spend well under it.

[@drewhjc]

+BeatTheBush so what if one week I spend under 30% and the next week I spend 90% and just go back and forth. Would that increase my score and also hint at them to raise my limit at the same time as long as my bill got paid?

[@BeatTheBush]

Andrew Conner You mean one month you spend 30% and one month 90%? If you mean alternate by the statement period then I wouldn't know. The rules at which they decide to increase your limits are hidden so you can only do your best. You have to ask if you need to do something with your score soon? If not then just do the 90%.

[@kauigirl808]

Is this one of your first videos? Background so boring 😅 Ice Bat and the peas was not born yet?? 😂🤗 Oh speaking of credit score. So I met someone today with a score 842. Curious about his credit history I asked him about it. He has zero balances. 7 credit cards. CL is probably very high. He's much older. No loans. He uses his card and pays it off right away. Mines is 746. I was SO happy when it finally reached 700 😅😅 I got school loans and more then 10 credit cards with high balances. I'm focusing on paying it all off. I wanna hit 800 😁😁

[@BeatTheBush]

I might have not bought the peas yet but IceBat was somewhere. Omg... this is such an old video. I feel like I need to do a refresh. If you pay all those balance off you most definitely will increase your score. And probably a bit more if you pay off your school loans too.

[@TheTubeMeister]

There's absolutely no difference in a score of 805 and 850. If its above 800, it's all the same. I'm speaking in terms of getting approved for the best cards and best interest rates. So having a score of 805 is essentially the same thing as an 845. I personally have an 807.

[@BeatTheBush]

The difference comes in when you want to churn cards. It's helpful to have a buffer so that you can cancel cards and not worry about a dip in 10-20 points.

[@TheTubeMeister]

BeatTheBush I've closed an account and it barely dipped 7 points. Depends on the persons situation what his or her credit report as a whole! That's just my opinion. Now say if someone has a 770 score and another had an 805 score. That's a difference there because you're right, if one cancels their card or they apply for something, taking a 7-10 point dip puts you from excellent credit status to good.

[@TheTubeMeister]

BeatTheBush but like I said in my original statement, an 805 and 845 doesn't make a difference in terms of "interest rates and approval" for the best credit cards. Am I right?

[@thehackerpro007]

hi I watched 2 Vids and read many comments about this and I can't help but cringe when you reply to the viewers to apply for many credit cards or whenever they can. applying for cards go down as inquiries and can hurt your score if you go over 2. and it takes at least a year for the inquiry to go down by 1 or the last time you applied for anything. a card, a auto loan. second in one comment you say to use 90 percent of a credit card so you can apply for a higher amount which is all wrong. bankers suggest not going over 65 percent, however using the least helps more. I try not to use more than 10 percent. that's just me. but using 90 percent shows that you depend on borrowing money and no one will want to lend you money because it shows risk. finally you say not to cancel credit cards because they lower your limit, I wouldn't say that...I'd say not to cancel credit cards because it lowers your credit history age, wich is if you have an account open for 2 years then you close it guess what? you're back at 0. lenders want to see a good 5+ years of open accounts and multiple lines of cards.

[@BeatTheBush]

Where do I start? What you are saying is what people usually follow. However, the methods I recommend are not common and the points you made about my points are taken a bit out of context. The methods I recommend often has a specific situation you are in and so it's not an all blanket approach where you apply it anytime you want. Regarding using up to your limit. This does not apply for everyone and is a method I developed. More info here: kzbin.info/www/bejne/l6XXgn6wo8ykpac The context for this is that you need to be starting your credit with a low limit. You are trying to force the issuer to give you a higher limit. If you read the comments in that video, others have confirmed it worked for them. Yes it does reduce your score in the short term but it gets you to a higher score later faster. I can think of a situation where cancelling a card will increase credit history age. Cards: 10y, 1y. Before average age: 5.5y. Cancel 1 y. After average age: 10y.

[@mydailyruteen]

It’s 2018 I have a 440 🤯🇺🇸

[@BeatTheBush]

Huh... well... you can get it higher with some of my vids.

[@paulbaerwald8055]

Try Open Sky.com for a secured card. Self-Help Federal Credit union for a credit builder loan

[@cellyszn20]

Why does the dinosaur look angry and bored

[@BeatTheBush]

Lol... permanent b face.

[@marksantucci4230]

heres my thoughts if a card has an annual fee and somebody doesn't travel on business, even if it's there oldest card it needs to be canceled. now for the jewelry store card since it doesn't have visa, mastercard, American express or Discover logo, after the person with average income is done paying off there card and they no longer need jewelry , since they can't use that card out of the store with there income it's time to cancel that card regardless how old that card is, whether it's the oldest card or second oldest card. so all of the so called experts I would hope they can have fun using a credit card with a 95.00 annual fee and a jewelry store card that can't be used outside of a jewelry store I hope they spend 1,000 per month every month. while somebody get's to use normal cards like the Discover more and Bank of America cash rewards I would bet this person would have more fun picking his places and not paying an annual fee. I like travel cards they seem to be more executive , than the cash back card, if somebody needs to rent a car for whatever reason I would think you get better protection than a cash back card. my choices 1 Capitol1 venture 1 card 2. Bank of America cash rewards 3. Capitol1 quick silver

[@BeatTheBush]

+Mark Santucci So say the person gets it mistakenly even though there's an annual fee. Should it be cancelled if the card is the oldest and only about 2 years old? I think it depends. The $95 annual fee could be nulled out by spending on gas (not just flight and hotels). The person should consider if they will need their credit score to finance a car or house within the next 18 months or so. If they do not need it then they should cancel it. If they do, it might be worth it to keep the card for now until they are done using their score to get a lower interested rate on financing. Jewelry store card doesn't charge an annual fee so it its probably better to just keep it around while using it once a month on something small. That way you keep your total credit high and it will also show up as active. For car rentals, certain cards have car rental insurance built in ONLY if you reject the car rental insurance AND use that particular card. There is no obvious preference for me other than the best card to use is the one with the most benefit regardless of how specific the application is.

[@Naughty69Devil]

+Mark Santucci I agree, Get rid of annual fee credit cards, I had 2 with annual fees of $59 a year, And the credit card companies refused to remove them from my account, Even after never being late on payments, So I paid off the balances and closed the accounts.

[@BeatTheBush]

Naughty69Devil Right on, don't let them suck your blood dry!

[@alexneil9116]

848 damn mine 722 im glad im watching this video lol

[@BeatTheBush]

=D Having it a little higher for you will be better. Above 740 is good.

[@alexneil9116]

ok thank you for your comment...

[@BeatTheBush]

=D

[@Kayakamuy]

That’s stupid website hate them they want me to prove I’m a person then don’t even let me sent out document

[@youngandfree93]

I have the perfect credit score...and that is 0. :D. No loans, payments to my name ;).

[@BeatTheBush]

But..... I bet you still have a credit score linked to your SS number which will probably be 400ish.

[@youngandfree93]

I don't think so. Once you close all debt accounts then the score drops to 0 within 6-9 months later I believe.

[@BeatTheBush]

Whoa! I didn't know that. Interesting!

[@BeatTheBush]

westener83 Wait... you put the keyword 'I believe' in there. So did you ever actually try to get a free credit score after you closed all debt account?

[@youngandfree93]

I got a credit report back which never really gives you an actual score; it just gives the history of credit lines open. Since I ran the numbers in an online calculator it estimated the score around 0 because of no lines of credit opened within 6 months.

[@MRHIPHOPVEGAN]

Dave Ramsey plan lol

[@BeatTheBush]

What plan is that?

[@MRHIPHOPVEGAN]

BeatTheBush oh I don't use debt I am debt free everything is paid off

[@BeatTheBush]

Excellent! Glad to hear this.

[@waneframe]

Stop showing off you score just give the information

[@BeatTheBush]

+Wane Frame You misunderstand my intentions. I show it to gain credibility because I don't think anyone would care what I say if I myself do not have a high score.

[@waneframe]

I get it but as long as you make sense you don't need validation. And the videos do make sense. But there's some people out there with more than half that score. It may seem hard to attain. I know I was in the high fives. then made some changes but I probable might of gotten turned off cause that seem hard to achieve. I would suggest focusing on the facts. Cause I'm sure it took you a while or maybe you've always had good credit.

[@waneframe]

It's just 2 points from having a perfect score is like taking wait loss advice from a guy with 2% body fat. but you've been helpful non the less. keep making videos.

[@BeatTheBush]

+Wane Frame I see your point. I should make a video geared towards starting out to make it easier to digest. Good point. Of course I didn't have 800+ to begin with and probably started off 600 ish when I got my first credit card.

[@BeatTheBush]

+Wane Frame Most videos certainly does not go about proving themselves before giving advice. I am relieved that I don't actually have to do it since you certainly do not expect it. On the flip side, how about getting a hair cut from a person that has a messed up hair cut?