How To Build Credit Using A Credit Card - Improve Credit Score 101 (UK)

[@SashaYanshin]

That should answer about half of all the comments I get on every video 😂

[@MrJules104]

Hi Sasha, I'm about to move overseas for work. What can I do (if anything) to protect my good credit score for when I return in two years time?

[@SR-sr3fh]

Ordered my first credit card with a limit of £600 and high interest rates. Followed the advice from these videos and fast forward 10 months to today I have a credit card directly from my bank with a limit of £10,000. Great advice!

[@WretchOnYT]

what was the apr on the 10k one?

[@SR-sr3fh]

@@WretchOnYT 11.6%, limit has also increased to 20k. My first credit card apr was over 30%

[@MrFahrenheit_B1]

I had my second chance with a Vanquis card at 59.9% in November after racking up alot of bad markers. Two months later I was approved for a Capital One at 34.9% so a drop of over 25%. Now pre approved for a new 27.4% card so i must be doing something right with my rising credit score. I have learned much from these videos and progressing toward a clean and serene credit file

[@SashaYanshin]

Glad the videos are useful! 👍

[@ErosiumTV]

Saw this video title immediately knew I was going to like this. Thank you Sasha.

[@SashaYanshin]

Thank you! Appreciate it!

[@ElvinKhonje]

Thank you Sacha, coming back into the game of credit cards after paying off debts, long journey. I think that's the ignorance of youth. Very informative and well researched as usual. Thanks again 👍

[@SashaYanshin]

Thanks for watching! :) I should do some more content on credit cards seeing as I've worked in the space for a while!

[@thtkidjunior]

My financial goal for 2021 is to improve my credit score and I feel this is a great video and channel for that! Thank you!

[@SashaYanshin]

Thank you 🙏

[@TheGeotube23]

Been watching a few of your vids. You really showed your knowledge in this one. I could almost picture your career before you started the channel haha

[@SashaYanshin]

Thanks George! Trying to dispense some of the stuff I’ve learned over the years! :)

[@brotherfromanother1971]

Sasha I've watched so many of your videos now, over a few years. When I began I had a "poor then fair" credit rating with Experian, the number's not even worth mentioning. I have taken onboard much of what you have taught me (less about the score, more about healthy credit use over time), and implemented it all over a period of time. I now have a credit score of 967 with Experian and have been offered better APR's on finance products. Thank you so much for your solid and professional advice. Respect brother Sasha you're appreciated. 🙏🏿 P.s the quality of your videos are now much better, we noticed. 🤣

[@SashaYanshin]

Haha. Good job with the credit profile! Keep it up - good credit makes a lot of difference to so many things in life! 👍

[@patriox6151]

I've just applied for a credit card (AQUA as i have a bad score). If the balance is 0 and limit at 450, if i buy something for 200 which makes my outstanding balance for 200. What happens there? Do I pay monthly towards the cost and will that improve my score? I'm really confused.

[@bearnecessiteespolio5359]

​@@patriox6151the simplest way the explain the most important thing is this; you pay the borrowing (aka the balance) down to nothing every month. So in your example you pay back that £200, to bring your balance to zero. It can get quite confusing, so the simplest way to do it, is just make sure you setup a monthly direct debit with the credit card company that pays the balance in full. Then you don't need to do anything, ever. Except spend £50-£200 ISH in each month. And make sure you e got that cash in your normal account on the direct debit date each month. This all just means you are proving to future lenders that you can reliably borrow a bit, and pay it back each month for years.

[@ipowertogetwealth]

Great content on improving credit score right here. Also congratulations for where you are now with your channel having started it 8 months ago.

[@SashaYanshin]

Thanks! Still figuring it all out - it’s been just a few days over 7 months and I’ve realised this was my 100th video :))

[@ConordeSmith]

Best video I've found on this topic!

[@sidkings]

Even I can clear my balance in one go, I generally just pay a portion of my oustanding balance once a week to spread it over the 30 day period. I have that flexibility with a credit card as oppose to a debit card. If it's a big purchase then I just do a balance transfer to another card that offers 0% for like 20 months or something and set up a direct debit to deal with that payment. That arranagement has worked fine for me for many years now. My primay reason for using credit cards is purely cashbacks and rewards, otherwise I would'nt need to use them much

[@SashaYanshin]

That’s a sound approach but I’m talking about something a little different in the video for people who really want to build their credit up and the best strategy there is a little different.

[@newforestboys]

Hi Sasha, thanks for pulling these videos together, the topic is extremely important and yet never taught. I'm still a little confused with the term "pay in full". Can I get some clarity on whether this means to pay the 'statement balance' in full (by direct debit for example) or to pay the current balance which often in my case is higher than the statement balance as I will spend throughout the billing cycle etc. Keep up the great work, thanks!

[@SashaYanshin]

It means pay the statement balance in full by the due date. I have an entire video called When To Pay Your Credit Card or something like that where I talk about it - check it out! It's more interesting than it sounds - I promise! 😂

[@newforestboys]

@@SashaYanshin Thanks Sasha, very useful and appreciated for the quick reply too. You’ve earned yourself another subscriber!

[@blacksheeps1992]

From 1st finding out my credit score to today. I’ve gone from needs attention to just about to hit good and I’d put a lot of that credit increase to watching these videos! Thank you for making these videos and I hope you continue to make such helpful videos!

[@billz2720]

Great video, helped a lot. Deserves way more views!

[@SashaYanshin]

Thank you! Glad it was useful! 👍

[@alejandrojparedes]

So good to have this educational videos, I checked it again today as a kind of course material, thanks Sasha!

[@me09hha]

brilliant and clear information and advice. thank you!!

[@shobhitmunot4178]

Thank you for providing detailed information😀

[@Jem_Apple]

A really well made and useful video. Thanks for your help, Sasha 👍🏾

[@SashaYanshin]

Thank you!

[@peterchappell9840]

Incredibly helpful! Thank you

[@SashaYanshin]

Glad it was useful Peter! 👍

[@LeeForsythe]

Great explanations. I learnt a lot. Thanks

[@SashaYanshin]

Awesome! Thanks Lee!

[@TechCodes128]

Thanks for this video, I have a question though, does having a higher interest rate on a credit card have any impact on your credit score ?

[@mistynight123]

Thanks very much. This is really helpful.

[@SashaYanshin]

👍 Glad it was useful!

[@harryshawgolf]

Awesome video, thank you!

[@Raj-doot-online]

Over the last 8 months I have gone into £8500 credit card loans (22.2% to 30% average interest rates) mbna, American express, Halifax credit cards, capital one credit card etc etc. Now I'm woundering Should I pull out a personal loan and pay off credit cards??? Interest rates are killing me!!! Credit cards can be so dangerous first time I have got into debt with out realising.

[@SashaYanshin]

That's how it happens to most people. You roll the balance once and off it goes. Obviously I can't give you advice as I don't know your situation and I'm not a financial advisor, but you really do need to figure out a robust plan on getting out of it. Here's a video I did called "The Fastest Way To Pay Off Debt": kzbin.info/www/bejne/h6HYh2uLaNl0naM Might help - make a plan. Target the highest interest balance first, do everything you can to stop borrowing and you'll get there.

[@ovilondon3589]

Dave Ramsey...youtube...

[@SashaYanshin]

@@ovilondon3589 Aside from my opinion on whether Dave Ramsey’s advice is actually good (I strongly disagree with some of what he says), there are pretty major differences between how personal finance products and credit scoring works between the US and UK which can have significant impact for those who use US strategies in the UK.

[@justbud]

This should be taught on schools 🤦🏻‍♂️. Thanks for posting this 👌🏻🙂

[@infires2013]

I'm just staring uni and getting a student credit card with my student current account. I really want to start building my credit profile whilst I'm young so I'm hoping by the time I finish uni in 2027 and start working luckily it pays off with better cards

[@rightstance8722]

What 6 year course are you studying?

[@pimpsproperty9522]

Really helpful video, thank you 🙏🏽

[@SashaYanshin]

Thanks!

[@rodrigoalvarez4105]

yessssssssss thank you Sasha. (i havent even seen the video) love: the same dude who asked you about videos for people who are not wealthy at all.

[@SashaYanshin]

Thanks Rodrigo! :))

[@nicholasbongomin7438]

Great info bro! so can I have a credit card if I still paying the instalments for the debt with a low credit score or first pay off all my full debt then grab a credit card to build my credit score? Subbed!!

[@PassportG]

Sasha 🤜🏾🤛🏾💯🔥🔥🔥

[@SashaYanshin]

Thanks!

[@chrisogden8647]

Great video bro

[@SashaYanshin]

Thank you!

[@fredhow89]

So helpful thank you

[@SashaYanshin]

👍

[@tom7676]

Another great Vid. Thanks Sasha.

[@SashaYanshin]

Cheers Tom!

[@Oponu-Ayirada]

My score still 570 but Barclays increased me card from 5000 to 7500 and Ba-Amex increased me card from 6000 to 18000 few days ago. The secret is using it and paying it off in full every month.

[@harleyhenry7042]

thank you very much for this

[@Ghostzy01]

Regarding overdraft, I qualify for Tier 3/4 CC’s, is it worth me opening an overdraft to sit there or not? I have a high balance in my current account every month so I’d never actually use it.

[@Happy-Me.]

Very good. Thank you. 😎

[@robb3200]

Thanks buddy

[@SashaYanshin]

👍

[@majackslelo827]

Thanks man😁

[@michaelrichard4162]

Could you make a video on if financing or leasing a car is bad for your credit

[@donkeywise]

I’ve just got myself a CC to build my credit. When setting up my direct debit, it asked what day of the month I would like to make my payment. I automatically selected the 1st day of the month. Does what day of the month you choose make a difference? I hope that made sense!😂

[@steveh7211]

A very useful video Sasha. Would you consider a video on the number of credit cards you should have? How often you should use each card? How many is too many? Do you close unused cards or is this not a good idea? How often should you use each card? etc etc. I currently have 4 and use my Amex Cashback card more than the others e.g. Tesco Credit Card as the rewards are better, I occasionally pay for an online purchase every few months just to keep the card active - should I add maybe a monthly subscription to the Tesco card in order to show a more regular use pattern! Questions questions I know but your advice and guidance is appreciated.

[@SashaYanshin]

Good question. Here it is: How Many Credit Cards Is Too Many? kzbin.info/www/bejne/l2XceatreceMh6c 👍

[@bufordmaddogtannen]

The best thing about getting a credit card with a £250 credit limit is that when you look around your house you can shake your head wondering what that card is good for, when your mobile, game console, tablet, laptop, TV, computer monitor all cost more than what the lender is offering you. 🤑 BTW, if you pay for gas / electricity quarterly your credit score will go up faster.

[@SashaYanshin]

That’s one expensive computer monitor!

[@bufordmaddogtannen]

@@SashaYanshin it's easy to go past £250 when buying quality stuff. Even a good coffee machine will be more than that. 🙂 Gotta pay it cash though, or the lender will punish you for going past your limit. 😁😂

[@kevinhughes9801]

Great video very useful to no thanks

[@SashaYanshin]

Thank you Kevin!

[@emilebichelberger7590]

It might be simple but I don’t play with debt. I want to know everything

[@-vz-]

thanks man

[@michellestanding1410]

Hi Great video

[@georgecronin3592]

Sasha, could you do a video on how to find out who has put records ( CCJs , Defaults of payments, arrears ) on a credit file, and how to rectify a credit file ?

[@SashaYanshin]

Yeah- probably need to do a few on that end of the credit spectrum. Long overdue!

[@georgecronin3592]

@@SashaYanshin Trying to get any sense out of Equifax call operators who don't understand what your on about. Look forward to your video on this one.

[@stuartj1234]

I just went to experian to see how bad my score was ( never had a loan or credit i dont have any bills im in a house share ) im staggered my score is 935 out of 999!!!. I have been paying car tax and insureance monthly by dd not sure if that counts but i just cant believe its a good score.

[@jperezrios]

16:59 👍

[@glasgowbhoy8711]

Might be a silly question.... if I get a credit card with 34% APR and spend £100 per month and pay it off each month will I need to pay £134?

[@SashaYanshin]

If you pay off in full every month, you don’t pay any interest at all.

[@glasgowbhoy8711]

@@SashaYanshin thanks mate, videos have been really helpful

[@queenb891]

Thanks for the very informative video! What about getting 2 cards and using them both in the way you described in this video? Will that help? Thank you!

[@SashaYanshin]

Sure - will pretty much have the same effect really. I would say in the vast majority of cases it probably makes very little difference one way or another using 2 vs using 1. I actually have a whole video called "How many credit cards is too many" - feel free to check it out! kzbin.info/www/bejne/l2XceatreceMh6c

[@queenb891]

@@SashaYanshin thank you so much!!!!!!

[@londontrada]

I'm just sorting my credit out now. For the last 20 years I haven't borrowed money or been in debt, I earn good money but couldn't even get the most basic credit card. Just realised all my details are spread over various addresses I lived at over the last 10 years, I haven't ever updated anything unless I've needed to. My phone contract is still in a business name that was dissolved in 2015 and I'm struggling to sort it all out cos my driving license and bank details are an address I lived in over 10 years ago. 😂

[@SashaYanshin]

That does sound like a lot of effort! Good luck with it!

[@londontrada]

@@SashaYanshin Thanks. Would it make sense to have a second credit card for my business but in my personal name to help improve my score?

[@SashaYanshin]

@@londontrada That you need to decide for yourself - you could use a normal personal credit card and then process everything as expenses but whether that's the right thing to do by your business only you and your accountant know :)

[@JAHIDxJD]

Could you do a video on PayPal credit and Amazon credit too? I recently got them to try increase my credit :) thank you!

[@RichardConnor1]

Hi Sasha. Informative as always. Is there any benefit (or harm, for that matter) in having two credit cards and using this technique?

[@SashaYanshin]

Not particularly Richard. In fact having more than one may help take advantage of cashback/other rewards better but obviously 2 different accounts to manage too.

[@RichardConnor1]

@@SashaYanshin Thank you Sasha.

[@ericwaligo8886]

When you say last possible day. Do you mean the day the money is due?

[@user-uk6bd4pv8z]

Do you need a specific credit card to build credit? Is there a type better than another? Does this apply to every type of card, balance transfers, rewards, building etc

[@haleemanadeem6574]

Amazing video!! is it okay/enough to stay on tier 2 credit cards if im only using them to increase my credit score to buy a house?

[@SashaYanshin]

Even Tier 1 is perfectly fine for that purpose as long as they don't cost actual fees to have and use :)

[@Kartikeya4196]

Hello Sasha, I am a newbie. When you say @4:22 that you shouldn't borrow money does that mean we just take credit card and not use it? Will that help build the credit score? I have never owned a credit card before and usually live on savings. Any guidance would be helpful

[@sw8carbon]

If i have say 4 months 0% intrest on purchases, shouldn't I pay the minium every month (and pay it back in full before the promo ends)?

[@Luggruff]

One thing that is still confusing for me regarding credit utilization is: If I have a limit of $10.000, then I go and get a part payment through a store for $10.000 (many stores here offer part payments only through credit cards). Say I then choose to part pay for 10 months, so $1000 each month, and with my bank at least, the rest is not shown. It comes as a charge every month, for 10 months. The first payment, I pay $2000, and when I read my limit on the card, it will say $11000, and my balance will say -$1000. I can still only charge another $1000 on my card, since the company knows that I have $9000 that is _going to be charged._ Does this mean I have 90% utilization, which is bad, or does it mean that I have -10% utilization?

[@WingsOfNovaaris]

I'm 18 and I have been looking everywhere for someone to let me get a credit card. But literally no one will accept me. I have a job that pays within their minimum earning and they wont touch me. So frustrating.

[@harmony3395]

So the uk is £2.3billion in debt and they want to give ME a credit score?

[@moseschali]

Hi Sasha, firstly love your content! I just wanted to clarify on the 30% utilisation. For example, if I have a credit limit of £100 and I spent £30 on my credit today and pay the whole £30 off a few days later. Then I go ahead and spend another £30 a few days later within the same month before I receive my statement date will this be considered at a 30% or 60% utilisation at the statement date? I hope this makes sense. Look forward to hearing from you.

[@lurker280]

30%

[@anthonylomas4426]

How would you set up a direct debit if payments differ every month?

[@SashaYanshin]

Direct Debit is automatically adjusted every month. This is different to a standing order which is the one that is a fixed monthly payment. 👍

[@jerrykudos9445]

What does he mean by waiting till your statement is generated?

[@bearnecessiteespolio5359]

The credit card statement is a monthly thing that tells you how much you owe and when it's due. But if you tell them to pay it off in full (by direct debit) every month then you don't have to worry about trying to time your repayment perfectly, the direct debit just pays it perfectly on the day it's due automatically. All you have to do is make sure there's money in the bank on that day obviously

[@Desiklown]

i understand

[@SashaYanshin]

👍

[@6277D]

Can using more than 25% of your credit limit impact a credit score? I'm sure i've heard that somewhere.

[@SR-sr3fh]

Question: when the direct debit is set up should it come out on the actual due date? If so wouldn’t it take 3 days to clear so it would be a missed payment or does it get cleared on the same day?

[@SashaYanshin]

You don't get to choose which date it's taken on - with a Direct Debit the company does that for you automatically. And with DDs, the settling/clearing period is essentially waived. As long as the transaction goes through, it counts. 👍

[@roberts5368]

my credit score is 232 and no one will give me the chance of owning a credit card which is unfortunate.. so my score will probably never get better

[@bearnecessiteespolio5359]

Do you know why your score is so low? Just because you've never used credit? Or because you've missed payments etc?

[@Moto.roller.]

You don't need to be on the electoral roll anymore. I got credit cards, bank accounts, a job, loans, driving licence. All without electoral roll 😊

[@huss9629]

What do you mean by a statement regenerating?

[@PhoebeLuuu1]

I'm a student and I have a current account with an overdraft and I'm yet to go into it. Do I need to use the overdraft and then replace the money in future in order to improve my credit score in that way?

[@seraho]

How does overdraft help you build credit data? If you use it is that a negative or positive?

[@SashaYanshin]

It submits monthly data to credit reference agencies - shows that you have a credit account that you do not miss payments on, do not go over the limit on and manage properly which are all positive signs. Not as good as a credit card as you'll not really have proper payment data or balance data but still better than nothing.

[@oladipoodeyinka5640]

Can I pay for Netflix on my Aqua card please ?

[@kathman6952]

Давай Саша 🙌

[@SashaYanshin]

Spasibo!

[@AirKezzar]

Hi Sasha, thanks for your video, I recently got my first credit card with my bank Nationwide (As there are no reward cards out there that offer enough for them to be worth it for me). They offered me a £5.5k credit limit for my first credit card! I'm unlikely to spend much more than 5% of this in a month - is this a bad thing (Credit underutilisation)?

[@SashaYanshin]

It’s on the low side but with just one card and a high-ish limit it shouldn’t matter much. See if you can put all of your food spending, any bills and things like insurance payments on it. As long as you’re not spending more than you were and pay it off in full you shouldn’t have issues. 👍

[@joemacdougall9205]

Is there such a thing as too high a credit limit?

[@SashaYanshin]

As long as you don't have a load of credit cards, the answer is not really. You are highly unlikely to get too high a limit relative to your affordability in any case and the absolute max you can get with the majority of cards in the UK is £25k.

[@joemacdougall9205]

@@SashaYanshin Ah okay, it's just I'm a student with an overall limit of £10k

[@mdkhoda6490]

@sasha you are super genius. Thanks for your all good info. Say I got 250 limit. How much I should spend each month. Thanks May almighty bless you

[@SashaYanshin]

I’d just stick somewhere in the middle. Pretty sure I actually covered that somewhere in the video. Have another one where I cover some related topics that might help! kzbin.info/www/bejne/b5vSp3xtjsqYoKc

[@shailendrawalunj6980]

Thank you . Helpful video. I have a credit building credit card with 1200 gbp limit. I try to keep statement balance around 300. Is it ok if I make big purchases like flight tickets or kitchen appliances or gadgets upto 1000 GBP on credit card and pay it back immediately within few days ?. Or should I use my debit card for such large purchases?. Thanks in advance.

[@SashaYanshin]

Much better to use your credit card for those - I have whole videos talking about this topic (some of my oldest ones - excuse the quality and delivery!) You also get protection on large purchases - e.g. if you buy flight tickets and the airline screws up but then refuses to refund, you can claim money back from your credit card...

[@Marco_Saitama]

@@SashaYanshin but what if it goes over 30% utilisation, is it still better to use a credit card

[@margamantoni]

How do you get a credit contract/account/agreement recognised as a satisfied and completed account...(2 mobile phone contracts )

[@SashaYanshin]

If you pay everything you owe and close the account down, it'll eventually be marked that way. Presuming it is in good standing, and not sold off to any third party which is where it can get messy.

[@jonathangaspar4378]

Hi, I've just been approved a credit card for £1500 but not sure whether to take the whole lot or reduce it. Point being is that if I take the whole lot, I definitely wont be spending 30% of that limit each month as I'm currently saving for a house. If I reduce it to £1000, then I'll more or less be using 30% of the card each month. Question here I guess is, is it better to get the higher limit but underutilise the card or lower the credit limit but get a better utilisation per month? Thanks, Jon

[@SashaYanshin]

Hey Jon, On a £1,500 limit, I think you will be just fine personally - if you use it to pay for regular spend like food shopping, petrol, whatever else you normally use a card for every month, that should do it - you can also get a second cardholder account if you have a partner and they spend on a card too. Some utility providers allow payment by card although be careful not to set up a continuous payment authority if you don't want to do it. If you are planning to use it regularly and pay it off in full, I personally wouldn't worry too much on the exact % number - it's not like it is in the US where that is a very fixed factor. :)

[@jonathangaspar4378]

@@SashaYanshin Thanks Sasha, very excited to start building my credit score up :D

[@asidiqbal2680]

I've just have more than ine credit card is that a good thing ?

[@davidswain9813]

Hi Sasha Building my credit, i have a Post Office (capital one) card which i have had around 5-6 months. I generally pend around 3300-500 per month on it and aways pay in full by DD. They have offered to increase my credit from £1500 - £2500, would i be wise to accept this (and therefore) decrease the amount the card is used to less tan 1/4 of the total? I'm guessing it is too early (and probably the wrong time with the economy) to try and get a better card? Would value your thoughts ds

[@huskmda1433]

How long would we have to be consistent to improve our score? 12months minimum?

[@SashaYanshin]

Depends what for and where you start from. From absolute zero you’re probably talking about 12-18 months but you may begin qualifying for things sooner than that.

[@Cantsay576]

Will I be able to take out a mobile phone contract with limited credit history? I have always used a debit card and have never had an overdraft before.

[@SashaYanshin]

It really depends. Different people define "Limited" in very different ways. Can always have a go and apply - doing 1 or 2 searches isn't going to do much harm and after 3-6 months those searches don't mean anything at all in any case...

[@colinwebster6700]

What would be a good monthly amount to spend on a £200 limit ?

[@SashaYanshin]

On a really low amount it doesn't really matter much - I'd just try to keep it around the £80-100 mark if I was doing it purely to build credit and that should work just fine.

[@colinwebster6700]

@@SashaYanshin in my app I chose to pay in full on the 30th of every month is that good for building credit ?

[@SashaYanshin]

@@colinwebster6700 This question has a longer answer than you might think... I literally have a whole video about it! kzbin.info/www/bejne/b5vSp3xtjsqYoKc

[@huskmda1433]

Hypothetically speaking, if someone wanted to get a car loan for £22,000 in a years time, but his credit score was just 'good' at this right instant. What is the most strategic way for this person to increase his creditworthiness to ensure he gets a competitive interest on the loan. (This person is a banker and earns +40K a year and has recently(in October) applied for Paypal credit and got accepted). I do not want advice, but opinions - thanks :)

[@SashaYanshin]

Hypothetically speaking without knowing anything about the person - if they have average credit, the two things to do are: a) Pay down any outstanding debt as much as possible starting with the highest interest debt first until it's all gone (not including mortgage) and b) use 1 or 2 credit cards to pay for all normal spend and repay them in full by direct debit at the end of each month. It pretty much is as simple as that. 👍

[@huskmda1433]

@@SashaYanshin This hypothetical person has no debt but recently applied for Paypal credit. Is it wise to apply for another credit card or should this hypothetical man wait slightly longer? Thanks for responding btw, I try and share your videos with my friends at university :)

[@SashaYanshin]

@@huskmda1433 Thanks!! If somebody hypothetically made one full credit application in the last 3-6 months only, that shouldn't have any serious impact on eligibility for other credit products. Especially if that hypothetical person first checked eligibility on the usual Moneysupermarkets, Totally Moneys and the like which won't leave a footprint. I'd definitely use a credit card over PayPal too if I was wanting to build credit better and more quickly.

[@domtorque]

Hey, have you looked into nutmeg? Is it worthwhile? Next vid ideas :)

[@SashaYanshin]

I haven't specifically and while they are not exactly the same thing as what I talk about in this video, check my views on Robo Advisors overall - talks about almost exactly this topic kzbin.info/www/bejne/oIXQqoapjNJprtU

[@domtorque]

@@SashaYanshin thanks!

[@mrvgrigoras]

Hi there! I did not understand when we need to pay in full the credit card. I do not have any atm, will get one very soon..but for what I did understand is that we need to pay in full the credit card after the day that closes the statements but before the update on the bureaus? This is not very clear for me. Can someone help me with this?

[@SashaYanshin]

It's your lucky day! I have an entire video literally just talking about that question! Here it is: kzbin.info/www/bejne/b5vSp3xtjsqYoKc

[@mrvgrigoras]

@@SashaYanshin thank you Sasha! Will check it out! May I ask you one more question - what about tradelines. Why nobody is using those - in the US they use it to gain history and card age with high limits. I tried to contact more than 50 people, none of them was able to help me. What do you think about this and what’s the best way to build credit history so fast as the tradelines in the US? Thank you Sasha! 🙏🤝

[@SashaYanshin]

@@mrvgrigoras Tradelines are dodgy as anything and there is a good reason they don't exist in the UK. Buying credit history is not good for anyone and shouldn't exist anywhere in any form in my opinion. The best way to build credit history in the UK is to get a credit card and do what I talk about in videos - use the card and repay it in full every month without fail. There aren't really any shortcuts here but your credit history can build a lot more quickly that you think just by starting to do that sooner rather than later.

[@mrvgrigoras]

That’s a great answer! Thank you so much for this and for your time buddy! 🤝 Keep posting this gems for the UK! 🙏🔥

[@AkilBoii]

Hey Sasha, when you set up a direct debit to clear the full amount, is this on your credit card account or current account? Also, does the direct debit adjust automatically to the amount spent (i.e. not like a gym membership £20 per month for example)?

[@SashaYanshin]

You set up the direct debit with the credit card and they will then charge the bank account. The Direct Debit will automatically adjust - if you set it for the Full Amount, it will take the amount on your statement on the date when the DD comes out for example.

[@KhanStopMe]

giant man and a normal sized mug

[@nwsuk]

Please remove the dirty coffee cup prop 😮

[@SashaYanshin]

It is a full espresso cup. This is also a fairly old video

[@nwsuk]

Ok I've recently started watching and noticed many coffee cups The content is good but I think it's was your video the only one to mentioned to pay in full after the statement days 👍

[@ovilondon3589]

It's tooo long...

[@SashaYanshin]

That’s what watching at double speed is for!

[@MrCVJ88]

Great video thank you