How To Build Credit with Bad Credit or NO Credit [w/ Self-Lender]

When you do not have credit to begin with, you are often left with no one willing to give you a loan. If you cannot get a loan then you cannot build your credit. People with less than a 600 FICO credit score typically obtain a secured credit card. Now, there is also an alternate loan you can obtain to increase your credit score faster.
Self Lender sells a product called a credit builder loan that are traditionally sold by credit unions and community banks. It is essentially a loan to yourself where you make payments to yourself that gets funneled to a CD account. At the end of a 1 year term, the money is accessible to you and you can do as you please with the money. Please see the video for more details.
► Build Credit w/ NO Credit by Self-Lending: self-lender.3q...
► More resources at my Patreon: / beatthebush
► My honest reviews on Amazon: www.amazon.com/...
► Mint Mobile, as low as $15/month: mintmobile.com...
► Moomoo, up to 17 FREE stocks: j.moomoo.com/0...
► Webull, up to 12 FREE fractional shares: bit.ly/2XwlcQ4
► Get $30 when you spend $30: www.rakuten.co...
► FREE Audible Audio Book: bit.ly/2Z4RrN7
► Build Credit w/ NO Credit by Self-Lending: self-lender.3q...
► BeatTheBush Honey Badger T-shirt: bit.ly/2FBAeLA
Other BeatTheBush Channels:
/ beatthebushdiy
/ beatthebushfoods

[@matthewwatkins5537]

you know what's sad is this video only has 57k views but some silly fight video has millions.... hahah oh peoples priorities . knowledge is power people thank you for the knowledge

[@BeatTheBush]

Lol, I'll have to work on being more entertaining! =D =D

[@_CaliGirl]

BeatTheBush, start a fight with someone, then help them with their credit! LOL Don't fret, your vids are the best!!! :-)

[@carlospineda8902]

Matthew Watkins awareness is key

[@mist__4974]

Matthew Watkins Right...

[@mist__4974]

Knowledge is power and most prior dont know this stuff

[@sitlalymasso5038]

thanks for the advice..I'm 2 months in, 35 points up using the 1/2 of 1100 option (550). I had to return to this video to comment that this totally works!!

[@BeatTheBush]

+Sitlaly Masso It really does and you may want to check out my other vid 'boost credit score in 30 days' to further increase it.

[@Just-me233]

Omg this gave me a great idea this would be a good way save money doing it on your own get a 12 month CD then start paying like 100 to a account then in 5 months you have 500 get another CD and keep going with it

[@katrinaroschelle1671]

I've been through this exact scenario when I was younger. This is an honest, informative, an accurate account of how to handle a credit builder loan.

[@BeatTheBush]

Thanks! =D Sounds like you have no need for this but watched my vid anyway. =D

[@risingboo2912]

Pls do a follow-up video on what to do at the end of the cycle when you get a lump sum check. I'm planning to go for the 550$ CD. Also, besides the amount, how much better is it to get the $1100 CD VS the $550? Does that reflect differently on your CR? Thank you

[@michaeledwards3217]

check score went up 46 points 12 days after signing up. Hasn't even showed up on my credit report yet. Thanks for the advice!

[@BeatTheBush]

Huh, I don't think it works that fast! lol! But glad your score when up from another reason anyway. =D

[@OhWaker]

3:48 "I'll still get the the highest of the highest interest rates if I ever take a loan out." Surely you meant the lowest of the lowest interest rates? ;)

[@duanetv1925]

Amazing video man! Like always you're clear and informative. I love watching your videos because I know that I am going to learn something helpful. I really like your channel video! I would like to accomplish the same thing for myself. I use secured credit cards to rebuild my credit. As a matter of fact I've earned over $300 in cash back with my secured credit card. I have SUBSCRIBED to your channel so that I don't miss any of your awesome content!

[@BeatTheBush]

Thanks for your sub! =D

[@duanetv1925]

Thanks for the informative content that you deliver time and time again! Hopefully in a couple of years I could duplicate some of your success.

[@lionellrobertson]

I just sign up for self-lender and I have a secure credit card my score is around 630. I'm trying to get a 700+ by March to buy a home any other suggestions.

[@BeatTheBush]

Yes. In that short a time frame, it might be hard to increase your limit much. But try this video: kzbin.info/www/bejne/l6XXgn6wo8ykpac You might also want to 'boost' your score right before buying your home. More info here: kzbin.info/www/bejne/gqqlm5afr5lgsMk

[@Impala75]

so if I have the money to purchase 2 CDs would that be advisable and also will that seem as if I have 2 loans at 1100.00, to give me a better increase of points?

[@BeatTheBush]

Hmm, I actually haven't thought much about this. I have asked Self Lender and will get back to you.

[@BeatTheBush]

They actually do not have a process for you to do two at a time so there is no data on what would happen.

[@samselections6194]

BeatTheBush is self lender better than secured credit card?

[@divoproductions7268]

Self lender boosted my credit 46 points in 30 days frfr and no I’m not paid to say that lol I’m overly excited and that’s just my first payment

[@BeatTheBush]

Wow... that's a big boost first day. Glad you got a boost this way. =D

[@divoproductions7268]

BeatTheBush thanks I was excited for days

[@YoungBlaze]

was your credit score doing crack? high it get that high that fast?

[@bryanm3428]

Thanks for sharing. I tried to create an account with Self Lender however they are not available in my state (NY.) Do you have similar 'self lending' solution for me?

[@BeatTheBush]

I'm not aware of any state restrictions as you only need to be a US Citizen or Permanent resident to qualify. Are they giving you a prompt saying you are not qualified? Of course, alternative credit builder loans could be had through local credit unions as well. That would require you to find some local ones and check if they have such things before opening up an account.

[@bryanm3428]

Yes, it said they currently do not offer their services in certain states. One including NY.

[@suleeqabilan]

hey dude I have a question for you. for the past year I have been trying to increase my credit score from 523 and I managed to get to 653 within 6 months. for some reason now my score won't increase its stuck at 653 I never miss my payment. So my question is what can I do to get 720 which is considered good range.i need to apply for more credit. I currently only have one card with 500 limit and my student loan of 10000. Any advice on how to get a credit card with my score of 653? and how to increase my credit also. please help. thank you I appreciate it alot.

[@BeatTheBush]

One card with only a $500 limit will get you stuck there. You really need to have more cards and more types of credit. Have you applied for more cards such as a Discover? Have you applied already but got rejected? To address the types of credit, you can just do the Self Lender credit builder loan as well. If you spend say 200/month on that card and pay it off every month, you will be creating a running balance have have a high utilization rate compared to your credit limit. Have you asked for a credit limit increase?

[@suleeqabilan]

Thanks for getting back to me. Yeah I have asked for an increased with capital one and they said I don't have the for a year yet for them to do the increase. I'm from Canada and I don't know if discover card Canadians can get.... It might just be American. I have applied for a card when my credit score was lower than what I have and I got rejected. I don't want to do many hard inquiries in short time. I just recently got hit with 3 hard inquiries because I applied for a car loan. Do you know any card Canadians can apply?

[@BeatTheBush]

Samiya Bilan Not too familiar with Canadian cards since I do not live there. You may want to look for credit builder loans to help. Other than that, time is what makes your score better since building a good score takes many many years.

[@suleeqabilan]

+BeatTheBush ok thanks I appreciate it for help and time.

[@BeatTheBush]

=D you're welcome.

[@YoungBlaze]

quick question, would you recommend the 550 or the 1100 to boost your score, like your if your at a 554 credit score, if paying the 550 a month has less effects on boosting your credit faster?

[@chrystalboyd6292]

Is it frowned upon to have autopay setup up on the self lender loan with a credit card, to ensure timely payments monthly?

[@BeatTheBush]

I don't think that's even an option because it costs the company money to process a credit card.

[@ashwinlunkad7855]

Does closing the CD Account (after you withdraw the money post maturity of 12 months) affect the Credit Score? Thanks in advance.

[@BeatTheBush]

+Ashwin Lunkad You do not have direct access to the CD account and the account is closed automatically for you after the 12 months. So at the completion of the self lending term you would have fulfilled you obligations and so it is a positive effect on your score. You can go for extra credit after this and do another term but the improvement effects will be a bit less than the first time around.

[@wyojohn5213]

you have very good videos. i have recnetly gone through this, as a junior in college (at 19) i decided it was time to establish credit. after 6 months of being denied for every card, i finally broke down and applied for a a capital one secured, only because they offered the smallest security deposit. i was making decent money for a college student and was suprised i was denied all student credit cards. anyways, after 5 months of maxing the cards $200 limit and paying it off, they froze my account. they said i payed it off too much. i told them it was worthless then and to close the account. well the next day i had a $500 credit limit! well two months after that no one would give me a card yet. until amex gave me a $1000 limit on a blue last september. in november thwy raised it to $2,000 so just last month i applied for a non secured from capital one. denied. immediately i cancelled thwir secured card. every mastercard bank had denied me for 10 months since i had the secured card. so i applied for another amex card, and was instantly approved for $2,000 credit limit. so i was up to $4,000 unsecured. then, a week later a bank thats supposedly hard to get in with gave me a card with another $2,000. so in 11 months i gained $6,000 in unsecured cards and a credit score of 720. i honestly believe when banks see a secured card on the credit report, they instantly assume your predisposed to accept only a secured card offer from them.

[@BeatTheBush]

When you say 6 months, I sounds like you keep on applying which gets you hard inquiries. This in turns reduces your credit score and makes it harder for you to get the card you want. 'Payed it off too much' ha ha ha. I recommend to use it close to the limit in my video for College Students as well in order for them to increase your limit. Interesting point that they check to see if you have a secured card on your record which may indicate a risky customer. I.e. you have a secured card because you had bad credit at one point. Also of note is that I think they look at your age and your address to see if you are a student and of which college university. The more respectable the school, the less risk. In other words, all that you see on your credit report and anything they can guess or infer about you is used. Glad you are able to climb up so quickly in your credit limit. I myself did it pretty slowly starting with an unsecured discover card. I didn't really care about credit back then and just used it responsibly.

[@wendyfarris9303]

I had a $1000 secured card for a year, applied for am unsecured loan through First Interstate (same bank)was turned down! ! I withdrew the money/closed the account, added my name to my friend's card, got offers in the mail, and now have my own credit building. I agree with you about secured card. it might have helped, but once it was gone, more opportunities arose. I am leery to add this now for the same reasoning. would love to hear how it affects someone with a 700 score. I'm still trying to get my credit back. might have to go in debt for a car to get different credit. I know once you buy a house, you are home free in the credit world! I'll be there again! thanks for the info.

[@ScottysBackYardBBQ]

i got a credit builder loan from my credit union. in less then a year my score went from 425 to 550 and still climbing. i pay 25 aweek come right out of my savings i dont even have to worry about missing a payment. i love it.

[@BeatTheBush]

Excellent! Those are really helpful in building credit when you do not have credit to begin with. Automatic is even better.

[@CrankyPantss]

Good information. Thanks for sharing the information, Dan.

[@rickrenacci1717]

If you want to learn how to improve your credit score fast then visit this website here to find out how: HootCredit. info

[@brickriver9627]

if you could go threw the process of signing up and cover your info. I'm sure more people would take advantage of it. I'm personally hesitant to try things if i have not watch someone else

[@BeatTheBush]

That's a good idea. I'll keep this in mind and see about doing that.

[@ThaShadowKing]

When I first started out I had a 559 credit score then it dropped HORRIBLY because of missed payments and such, I got two inquiries removed off my credit of the last 4 years and made early payments and now my score is 568, I'm trying to get it to 600 by September. I'm also paying off my current credit card

[@theddygrumo]

Do you need to be employed or have a source of income to get approved with this program? i am trying to build a credit history since i don't have one yet. i tried applying in wells fargo for secured card i still don't know yet if i'm approved, i also opened a regular savings account there too. they asked for employment which i'm not yet so the officer couldn't guarantee for approval of the secured card so i'm still waiting if i'm approved or not.

[@BeatTheBush]

Nope, you just need to be able to pay the payments. They do not check your credit. You might want to put in your incoming student loan money as part of your income as that counts as income. I.e. money you would use to buy ramen, late night snacks, books, etc.

[@CharlesINTEL]

FYI.... Opened an account with SelfLender. Took almost 2 months to report onto all 3 CRA's. Lowered Equifax -8 to 724, TransUnion -6 to 705 and Experian -1 to 702. I got these 3 scores via my myFICO monitoring service. I'm sure scores will go back up with time and payments so, just glad you mentioned SelfLender as a no inquiry loan option, to improve credit scoring overall.

[@BeatTheBush]

Those few points might be due to other factors. Your score is high enough that the positive effects will not be as great as someone around the 600s. A few months in and you should notice a bit better performance.

[@CharlesINTEL]

Again, #1, I'm very glad that you made this video! As far as the scoring decrease, yes, sometimes I noticed that scores can change for "other factors." As far as the myFICO ($29.95 monthly service), you can get the score change alert and associated change factor so, I could tell what occurred. For one month, I paid also for the monitoring services from Equifax + Experian + Transunion (yes pricey to test) but, I canceled all 3 and kept myFICO for the real scores and multiple scoring models. Two days ago, I applied for the Chase Sapphire card. I was informed, "pending review" and early this morning, I see the card is now in my Chase app with a $7,500 limit (so approved). The myFICO alert just a few minutes ago informs me a new Experian inquiry, -3 points and a balance decrease on a BoA credit card by $76. I'm not close to an expert but, myFICO sends me an alert almost every 2 days with any changes. I'm not promoting the service, think it's a little pricy (pricier than the direct CRA versions) but, I like seeing what my credit related actions/inaction affect my scores. I'm sure that my credit score will improve due to SelfLender and am excited about seeing that make an increase too. I really wanted a loan to balance my "types of credit" versus just credit cards. Thank you again! My apologies for the long post however, I wanted to explain how I can see changes.

[@bekiro28]

i am in the process fixing my credit i am getting a secured credit card next week also i bought a car 4 months ago currently making payments on my car loan on time every month do you think this is a good option for me to build my credit or i dont need this loan because i already have my car loan please answer

[@BeatTheBush]

It depends if you can comfortably afford the payments. You generally do not want to stretch yourself too thin and have enough extra cash for buffer every month. Having multiple types of loan (not just a single car loan) helps your credit so doing this will help it in addition to what you are doing.

[@bekiro28]

thank you so much for getting back to me soon this is only about 1000$ game which i can just put it on the saving before i start so its not gonna be a stretch to my wallet real question is am i gonna be doing too much thing to my credit at once anyway you are so helpful i will make sure to go back and check out all of your other videos thanks

[@BeatTheBush]

The scoring system takes all these factors into account all at once. The only limiting factor is your ability to keep it all straight and make on time payments. So it's really if you can juggle these items without it feeling burdensome. And btw, the Self Lender loan does cost money (I think it was ~$75 after you finish the loan and get the self loan paid back to you) as I mentioned in the video but it's a cost for people what wants their score to get better in a hurry. If you have lots of time, you can just use your credit responsibly for many years like I did to get a high score.

[@coscampbell6623]

Great information, thank you for sharing!

[@BeatTheBush]

Glad to help! =D

[@MONEYNOSLEEP]

BeatTheBush Credit Tradelines work as well

[@Paula-iv2bh]

In less than 4 days of working with ZEUSHACKERS01 at OUTLOOKDOT COM, my credit score has raised high enough to be able to qualify for a mortgage loan that I was not able to before. Besides that, he's so professional and friendly and easy to work with that it made the whole experience quite enjoyable. I have already recommended him to several people and all gave me positive replies

[@kgo6360]

Kind of late to this party, but would there be any benefit to getting a secured credit card first and using that to make the payments on the SelfLender loan? Instead of paying the money directly to SelfLender, funnel it through the secured card. I mean, if I'm going to spend the money anyway, might as well make it work twice as hard, right?

[@shayjohnson1590]

Hi so I tried Self Lender and I wasn't approved or qualified for any of said credit cards. Do you know of any other possible websites I could go to try to apply for? Thanks in advance!

[@manbearkremer]

I applied for a card, literally the only way to pay it was to spend an hour on the phone every month, they never sent me a bill in the mail and their website didn't work, it destroyed my credit in no time. I started doing Self Lender a couple months ago and I've already raised my credit score by 100 points. I would have been screwed without it

[@BeatTheBush]

Nice! I heard about those terrible credit cards that makes it very hard for you to even pay. It was a while ago. I'm glad you go this working for you! =D

[@NiaMSnow]

which credit card did you sign up for? that caused that... I need to know

[@RP123lolololol]

My score is at 577, I need it to be at 620 to get a VA Home Loan. How long would it takes to get thoses 43 points that I need? I don't have no credit cards open

[@claudiayanirarojas1808]

Wow, great video so direct no bs! Thank you so much! I have heard about this lender company. Will def, give it a try, once again thank you!

[@Spysparda]

I have a chase freedom unlimited with a limit of $2000 and have a score of 618 but I had a utilization rate of 80% I just started doing your advice and paying before the statement should I do this self lender loan

[@BeatTheBush]

I revised my recommendation to pay it all except $2 before the statement date. This is so the improvement will be compatible with all credit bureaus. Doing self lender loan is completely separate so it will also help you.

[@valeriejohns4494]

Self lender is a scam they Will except your money but they will not give it back to you stay away from self lender

[@pinstripeentertainment7037]

well, I have a very crappy score of 414. How can I pull myself out of that?

[@BeatTheBush]

Start with paying your cards on time. Pay off all credit card debts. If you do not even have a card yet get a secured card. If you have enough money to do the Self Lender loan, do that as well.

[@YoungBlaze]

Jesus! 414?

[@michaelbrown5212]

Pinstripe Entertainment how are you now?

[@dazhill50]

I have a 626,598,601 credit score. 10k in student loans that are being deferred. Paid off my last collection account 2 weeks ago. 551 dollar credit limit that I keep under 20 percent and a few tradelines from family. Im stuck for some reason and my score hasnt really budged. In your opinion and expertise. What would be your next move if you were in my position? Is the builder the best option? THANKS FOR BEING THERE FOR ALL OF US. PEACE 👍💯

[@BeatTheBush]

Yes, this credit building thing is one of the way to improve it. Since you just paid off collection,, you really do need some history of good credit to recover. You might also want to try this trick: kzbin.info/www/bejne/faWqhGqmqNt-ors It'll offer you a temporary boost in credit score for low credit limits but you have to keep on doing it to keep the boost.

[@andyewatsonaw]

Is there any benefit to your credit for choosing the more expensive loan option or is it just a higher interest CD?

[@brittanydavis4494]

So if its accurate items on my credit report, should I pay it or just dispute it

[@BeatTheBush]

By principal, I will just pay it. I only dispute items that I know are inaccurate.

[@codybair3065]

I need some clarity. I believe my math is off. I give them a deposit of $1,100 then they deposit it in a CD. THEN.....I pay them over a year or so 1,100.00 So in the end, am I getting 2200 dollars back? Or is this loan costing me $1100? Thanks!

[@codybair3065]

I think I figured it out. WHILE you pay the money, they put it into the CD account. There is no deposit because it's completely secure. I understand now

[@DJharts]

I have scores in the 700 range but I am trying to get to 740+. I have an Amex, discover, and two cap one cards with 14k total. My fico says my score is this low because I have no other types of accounts. I have a few hard inquiries and an avg of 5 years of credit with my oldest card being at 9 years old. Would it be wise to try to get a personal loan for around 1k to have a mix of credit? I'm worried about the inquiry hurting me or the new account hurting my avg age of credit. Is self lender a good idea?

[@BeatTheBush]

Yes, probably. Or a mortgage, car loan, student loan. I advise against a car loan though and a student loan is not like you can just get one out of the blue. A mortgage is hard too because that is more like a life event rather than what you go after. Self Lender doesn't does not check your credit because they hold your money as collateral. There is no way they can loose because you pay them a fee up front and keep on making payments. If you ever default, they just liquidate the CD they have for you. So yes, it's a good idea to increase your types of credits with a credit builder loan. Btw, a personal loan is a different thing because for a personal loan, you get to hold the money. For Self Lender, you do not get to hold the money.

[@acmebiz8120]

I have a 550 credit score, however I just got a windfall of $6K.... I would like to do self lender. Is there anything else you suggest I can do to get my credit up with this windfall ($6K).

[@BeatTheBush]

Getting Self Lender does help but you gotta understand cash does not equal good credit. If you have debts then you can pay all of those off to lower your utilization ratio.

[@paulscott2144]

So I have a low score (530) and I will starting making payments on a secured loan next month. I also have a credit card With a $500 limit which I will start your method you suggested, paying it off all but $2 at the statement date. would it help to get this as well? Trying to boost it rather quickly

[@BeatTheBush]

Correction, all but $2.01. This self lending loan works in parallel to everything else so this will help when you try to do everything you can to make the score go up quickly.

[@dadante666]

hello , i got a question and is ,if my credit score is 640,is still good do a self lender program? would it raise ?or it only work to rebuild credit like if some 1 have less than 600. please answer ^_^

[@BeatTheBush]

640 is the perfect time to do a Self Lender program since it's low enough that it will give you a great boost from that point. This program is most effective for lower scores so it can likely help a score of 600 even more. You do have to make sure you keep all your credit in good standing by always paying all your cards in time. Even better if you can pay off all your debts.

[@dadante666]

ithanks for the reply,i dont have any debt at all and never like it , im 30 yers old and now ihave my first credit card cause i want to boost my score and im not even gonna spend 30% of my limit ,plus im going to do the self lender program too to boos it even more ,again thanks.

[@k3lisrose]

just completely my self lender account now I'm going to put money into cd!

[@bronzeman-je2pd]

seeking advice, I currently have a score of 614 and aiming to get approve for mortgage. for the last 3 yrs I being paying 2 student loans and a credit card on time. I do have 2 accounts in collections for apt lease, cell phone bill. would a secure loan at my bank help out my credit ? tks

[@BeatTheBush]

You should not use a credit builder loan if you owe money. The best bang for your buck is to pay off the collections first to get that off your record. You would get more point increase per dollar that way.

[@njcamocutie7085]

what if you have student loans out the ass and they are negative on your credit report

[@BeatTheBush]

I assume when you say negative you mean you owe money on it? Or are you saying you missed a few payments and are causing your credit score to go down?

[@njcamocutie7085]

BeatTheBush yes I owe money on it..have not been able to make a payment at all...

[@BeatTheBush]

Have you explored what they can do for financial hardship? Or perhaps the forgiveness programs?

[@njcamocutie7085]

No i have not,im new to all thins and know nothing, i dont even know where to begin

[@BeatTheBush]

Try this: studentaid.ed.gov/sa/repay-loans/deferment-forbearance Not sure if you can still apply for deferment of up to 3 years now that you defaulted on the loan already.

[@punkrawkmom]

Can you get one more than once if you arent ready for a credit card (to show there's a credit history) or are they only meant to be used once?

[@BeatTheBush]

You can get one after another but you are not supposed to open more than one at a time.

[@edmboi]

Should I consider this if I have a FICO score of 723? I'm relatively new to credit but was able to achieve this score as an authorized user. I heard that installment loans help increase scores by 30+ and wondering if it would help with the types of credit factored into a FICO score. I have 3 unsecured credit cards with limits ranging from 500-1000.

[@BeatTheBush]

Yes but it will not help as much as someone with a score of 600. The types of credit is exactly the point with this service. When you have more then you will have a more robust credit score. You can also try to increase your credit limit with the methods in this video: kzbin.info/www/bejne/l6XXgn6wo8ykpac

[@RTSchock]

Would it be better to have an auto payment to the loan using an existing secured card? Then the next billing cycle, transfer money from your saving to the secured card to cover the earlier payment. This way you get two on time payments for the same $97 per month.

[@BeatTheBush]

I don't think you can do that. You can only pay with a checking account because charging on a credit card cost the receiver money.

[@alexmurphy5815]

Your advice is really helping my credit. Quick question. So I now pay down too two dollars before statement cycle. How many days after that should I wait to resume using cards? Should I wait till after the due date? How many days? Thanks in advance

[@BeatTheBush]

Pay down to $2.01 before statement date not $2.00. You wait until the statement cycle ends. You can start using it the day after the statement cycle ends.

[@MrDrei71476]

Hi, is this system applicable to new immigrants that don't have a credit score or just starting. what is the best way for us to start off and get a high credit score fast (6 months to 1 yr)?

[@BeatTheBush]

Yes this applies and works with no credit score to begin with. Also, you may want to follow the tips for building your credit starting out here: kzbin.info/www/bejne/pqmqdnalhtR_gqM

[@MrPISTOLERO59]

Ok, what is your advice to people that have filed for chapter 7. Already have a mortage and no interest in getting a car. But still want to rebuild their credit.

[@BeatTheBush]

That is going to stay on your report for a long time so just stay put and wait until that mark falls off your credit.

[@porkchop4112]

I wish mine was 600 lol

[@BeatTheBush]

Where is it now?

[@henryholliday9114]

BeatTheBush hey mine at 470 I just cleared my credit report how high u think it go and u think I can still get a loan? Since it's cleared

[@deadcell1]

Henry Holliday, 3 years ago my credit score was 520. I got a secured credit card with First Progress (which I hated) but it boosted my credit score to 600 in a years time and allow me to get 2 capital one CCS and a car loan in a period of 2 years after opening my secured credit card. Now my credit score is at 680.

[@vromerone]

I did a secure loan with my credit union when I started fixing my credit. This seems like a secured loan for people who don't have the cash to put up for the loan with their bank or credit union, correct?? I put up $1000 and my credit union gave me the loan and spread the payments of $57 over 18 months at 4%. They took the $1000 and gave me $1000 back, which i put in my account to pay the $1000 loan. The interest is less than $50 and it is also set off by the interest on the $1000. This way, I not only help my credit score, but i am also strengthening my relationship with my personal credit union for the future. That product only seems good for people who don't have any cash to put up. Very informative info, Thanks!!!

[@BeatTheBush]

Yes, this is very similar to that and it's also called a 'credit builder loan'. For a secured loan it does require a big initial outlay so that would be the disadvantage. It seems having the initial amount to put in like you say is not feasible for most people.

[@starpebbles1]

Hello I have a question about self lender. How do you pay every month..? Is this like a online thing only?

[@BeatTheBush]

+Dominique Miller Yes it is an online thing only so you pay electronically.

[@lizgaby9761]

hi guys....i saw this review about 2 months ago. And camed back after my credit in Credit karma said my report had changed. Thanks to self lender my credit went up 101 points!!! im...just mind blown right now. Ive never had my credit as high as that which is still low but damm its higher than ever. Thanks for helping...i look forward to seeing more videos and keep up. THANKS!!

[@BeatTheBush]

That's some crazy jump! The average is a bit less that what you reported but it's great you got such a nice boost. Hopefully, now you can get a lower interest rate on whatever you need. Just remember to pay your credit cards in full. =D

[@lizgaby9761]

hahahah yeah I think it was because in that same month i did this, I also reported one of the accounts as not mine....which was in fact not mine and that combined did that jump. Still thanks

[@nynjasmurfable]

If I continue to do this year after year along with paying off my credit cards accordingly, will this continuously increase my credit/FICO score?

[@BeatTheBush]

+silly rabbit If you do this continuously, you'll see a smaller and smaller gain each year as your score increase. So it gives you the most bang for the buck when your score is low.

[@nynjasmurfable]

BeatTheBush Thank you for responding. My FICO score is in Fair range right now. but I'm trying to get into the 700s... I can't seem to get over the hump. That's why I was wondering if this program would help give me a push and then I could do something else to to continue building from there once I'm in the range that I want to be.

[@BeatTheBush]

If you're in the 700 range, this program will still help as that causes you to have more type of credit in good standing. Once you are a little higher, I made a video on going from 740 to higher. It's here: kzbin.info/www/bejne/g3SpfIF4mN50jdU

[@nynjasmurfable]

BeatTheBush Thank you

[@tarquanpearman3994]

BeatTheBush can u send me the link to the 740 vedio

[@lunarosa321]

I have 5 questions 1. Ultimately which one is better the secured credit card or the secured loan? 2. I went ahead and did a secured loan with my bank for$200 and it's for 6 months. Should I pay off the loan in 6 months or does it look better to pay it off faster say in 3 months? 3. On my credit karma app I checked and it says the bank that I did the loan with made a hard inquiry. Should I be worried? Will it go away once I pay off the loan? 4. Is it better to pay off the monthly loan bill early before the due date? And pay a bit more than what the agreement says? 5. I am planning on buying a car and would probably finance. Should I wait until after I pay the loan? Or can I do both at the same time?

[@BeatTheBush]

1. depends on your credit report and it's composition 2. pay it off slowly, you want the long history 3. no it will fall off after 2 years. a few inquiries is not the end 4. pay off more to reduce the interest paid, reduced credit utilization helps your credit score. 5. don't finance a car. you can certainly do both if your credit score is good enough to get you a low rate.

[@slipknot2k4]

Thanks for the video i am learning something new i just opened a self lender account and im trying to build credit i been stuck at 662 with my accounts 2 secured cards 5 months is the oldest. I been stuck at that score for 2 months now so i figured i tried Self Lender since some odd reason capital one increased my APR from 24.99 to 26% apr i was like???? i started with 0 credit. Now my biggest fear is if i pay off my loan within a year and it gets closed on my credit report will my credit score drop? or self lender is just for proof on making payments?

[@BeatTheBush]

Credit card monitor credit activity and they may raise it if you default on a credit line. They also raise interest rate by themselves and might not be the result of activity. I get mine raised all the time but I don't really care, neither should you if you never carry a balance. They can raise it to 50% for all I care, lol. But I wouldn't like it, just in case. If you pay off your loan, you will see it increase due to lower utilization. Self Lender will help it increase even after you pay it off.

[@mugustabjeonklei2613]

A couple years late but they might have raised it due to fears surrounding the economy. I remember back around the 2008 recession that they jacked up the rate to 30 something percent on lots and lots of people. My mom used to work for capital one back then, this was midsummer of 2008 before the stock market crashed.

[@TheJman16165]

Thank you! I started Self Lender a few weeks ago and they stated they will report to all 3 bureaus by the end of June. I also joined a credit union and got a credit builder loan.

[@BeatTheBush]

Yep, just keep on paying that loan to build your credit. Good going, let me know how your credit improves when it does. =D

[@TheJman16165]

Thank you. I currently have a Cap One Card in Collections that I owe $2122 I am going to settle for. I also have some hard inquires from the Credit Union for the loan and from my apartment I applied for. My credit score went down because I opened the loans but I am hoping once they are finished my credit score will go back up. I had Credit Karm TU 636 and EQ 628, now after the loan TU is now 584 and EQ 579.

[@BeatTheBush]

Actually, I think if you have the money, priority should be given to paying off collections first before getting a credit builder loan. Its hard to tell what you did from your comment or if you took out the Credit Union loan to pay the collections?

[@TheJman16165]

I have two credit builder loans, one from self lender and one from the credit union. The Self Lender one is for a whole year, the Credit Union one is for six months. I plan on paying my Cap One card off soon but I still want to have something positive on the report as the only thing I have is that cap one things and some hard inquiries.

[@jaycarter5455]

TheJman16165 hey my man, did the 2 loans help your credit score?

[@manbearkremer]

I'm going to try this out, helps me save money and build credit at the same time, win win. I applied to a credit card last year and their website was garbage and they never sent me a proper bill, the only way to pay it was a half an hour long phone call each month, it completely detroyed my credit

[@BeatTheBush]

Half hour to pay!? Yeah, that site sounds like they're just trying to rip you off.

[@lawrenced3629]

once the year is up and i get my money is the money taxed ???

[@mcquaigem]

Is it better to do $97 vs the 48.50?? I understand the difference in savings but in reference of credit? Points go up the same with either right?

[@BeatTheBush]

From what I can tell, there's only a small difference.

[@mcquaigem]

BeatTheBush so you would recommend the $97 if of course you can manage it right?

[@BeatTheBush]

I would pay off debts first before going this route. Of course, if you have the funds, you can pay it all off and easily do this credit builder loan as well.

[@tarquanpearman3994]

mcquaigem I jus was thinking the same question self lender has 3 different loan 48 97 in I think 200 I feel the more money u paying on the loan should boost your credit a little higher

[@jahmenj]

THANKS for producing this video. How to get a FULL credit report? Or direct me to a video you produced showing how without hurting my credit. Thanks

[@BeatTheBush]

It's at the beginning of this video: kzbin.info/www/bejne/p56niKipoLONl7M As a bonus, you also get to learn how to repair your own credit. =D

[@jahmenj]

BeatTheBush THANKS FRIEND 😜

[@lauraandrhino]

I'm so thankful that I found your channel!!!❤️😀 I was never taught finances and have just stumbled about in the dark, for most of my life because of my ignorance and confusion. Thank you so very much. I am so appreciative of your time and effort in helping people like myself better their lives.

[@BeatTheBush]

Thanks! Ahhh, looks like you are trying to improve your credit score? Yup, just follow these steps and it takes a bit of time. Many have found success in doing it themselves, you do not need any sort of credit repair services.

[@diorcolon8543]

What number will my credit score be at the end of the year if i started with no credit?

[@BeatTheBush]

If you do nothing else but only do Self Lender, I would guess 600 but this is only a guess as I have no data on that situation.

[@diorcolon8543]

BeatTheBush thanks

[@DoYouDJ]

Thanks my credit score went up 4 points overnight, lol, Also got 2 secured credit cards today, and paid off all my debt to 0$ Hopefully within 6 monts i can comeback and tell my story. This is a great way to save and creat good credit. again TY

[@BeatTheBush]

I'd say 4 point might just be noise. Glad you are following some of the advice in this vid though. Paying it all off to 0 is a great idea. Oh and yes, saving with the account is also a great idea. You should see your score really improve within 60 days.

[@therealgio4303]

This may be a strange question, but how is your credit score calculated? Is it computer generated? If I pay off collections (1) medical about$400, am currently paying back a small federal school loan, no missed/late payments. And had no credit cards, but just applied/approved for 2 how quickly will that boost my credit score? Can it only be boosted a certain amount a month, quarter, year?

[@therealgio4303]

All of this is recent. Paid off collections and applied for the card within this month. And have been paying on my student loan for 4 months.

[@BeatTheBush]

it's generated with a proprietary formula but people have an idea of what it is generally comprised of. Applied for 2 cards will bring your score down from the hard inquiries. Paying off collections is good and having your school loan in good standing is good. Its hard to say how much it will increase but if you start from a low score, its easier to increase than from a higher one.

[@BeatTheBush]

You have a lot of moving parts going on with a lot of things very recent. You also have different things that are either helping or lowering your score at the same time. So if you do the self lender thing, it will just be another thing that helps your score.

[@Cyraxsify]

I've watched your videos before, and believe you definitely know your credit. In other words, your accumulated opportunity cost-of-capital mathematically can be represented as 12 (1.001) + 97 * S-angle-12 at 0.000083 ~= 1176.55. Thus (given a few assumptions), the NFV is 1101.10 - 1176.55 ~= -75.45. That is, you end up forgoing $75.45 in the long-run. So the question is to ask yourself: am I willing to spend $75.45 so that I can potentially raise my credit score? (A way to answer this question is to measure your expectation; namely, how much, maybe, will your credit score increase.)

[@BeatTheBush]

Correct, there is a cost to use this in the form of a fixed initial fee and an interest you do not get back. It hard to say how much one is willing to pay for the increase since it depends on your current score and what you plan to do with it. It can be though of as a 'rush' fee where you are rushing to get it higher. If buying a home or car, those points could be critical and end up saving thousands in interest rate reductions.

[@slickpanther06]

Great information! If you don’t mind me asking, how old were you and how long was your credit age when you achieved an 848 score? I ask because I currently am 35 years old with 5 years of credit age and want to know if there’s hope for folks who have a credit score that high without their credit age being super high.

[@cjninebot13]

Do you know any others services like This that I can get in New York.

[@BeatTheBush]

You may want to try credit unions which offer services like credit builder loans.

[@cjninebot13]

Most of the credit unions I came a across you have to be a member. And it's won't allow everyone to join.

[@BeatTheBush]

Its true but you might find you related to a credit union somehow. Perhaps through your job or maybe a group you belong to?

[@lashawndathomas5968]

you can try mcu

[@chlero_eyes]

Mcu has horrible customer service

[@marvinstandekar8194]

Hey Great video. I am a non-u.s. citizen who has been in the U.S. since 2008. I tried to sign up for selflender but was not able to do so, since they require u.s. citizenship/permanent residence status. Do you know of the best/fasted way of building credit (besides a secured credit card) as a non-u.s. citizen? I would love to use selflender but I am not sure if by "permanent resident" they mean a "green card holder" or a "permanent residence for tax purposes" which I am. When I am filing my taxes, I am filing them as a U.S. resident (according to the IRS code). If selflender does not work out for me, are there any other companies that offer similar products available to non-u.s. citizens you know of? thank for your help!

[@BeatTheBush]

What is stopping you from signing up? Can you just not click forward and see if they accept your application? If you cannot you can always try credit builder loans at local credit unions. You actually take out a loan instead rather than pay yourself with a fee as in Self Lender.

[@marvinstandekar8194]

I signed up and tried to apply for the loan, however after completing all the required fields this is what is said the following: "Credit Builder Account Unavailable We apologize but we are not currently offering this product to non-U.S. citizens or permanent residents at this time. Please check back with us in the future." Do you know what they mean by "permanent residents"? Green card holder or is it good enough if the U.S. is my tax residency country? ( I send them an e-mail by the way asking about that) Other than that, any thoughts if I can get a similar loan somewhere else? I really want to improve my credit score much faster as opposed to just using a secured credit card? Thanks

[@BeatTheBush]

Permanent residents is green card basically. You can get a credit builder loan at a credit union then.

[@TheLakers808]

I had a question of credit utilization . I always been reminded of keeping the credit utilization under 30% is best . But what is the actual best percentage 20%?.

[@BeatTheBush]

Ignore this 30% rule. I have no idea who made that up and it's confusing the heck out of everyone. It's great as a rule of thumb but not the best for everyone. In reality, 0% utilization is much better. More info here: kzbin.info/www/bejne/gqqlm5afr5lgsMk And then if you have a low credit limit, I actually recommend 100% utilization because this forces a limit increase quicker. More info here: kzbin.info/www/bejne/l6XXgn6wo8ykpac

[@TheLakers808]

So having a 100% credit utilization won't hurt credit score ?. I heard from someone under 30 is good . I think I messed up my credit limit is high and utiliazation is also high but credit score is low

[@deeh5530]

I have a Cap 1 card with a 200 limit every month I max the card out but I make sure to have the balance paid in full before my statement end date not the due date for the minimum payment.....I do that in order to get all the points added to my score....now on the the other hand I could just max it out and let the high balance report to the credit bureaus which will then lower my score but nudge the CCCS that hey she must need more credit....I also have Self Lender as well..

[@samlyons3552]

might want to double check how you worded your presentation at 3:40 - 3:60

[@BeatTheBush]

lol... its its its its its its.... talking in front of the camera is hard!

[@amina6655]

Hello Mr.Beat the Bush, I am in the process of building my credit over the past few months and have seen an increase of over 100 points within the last 3-4 months. The problem is that I was very reckless with credit when I was younger so I have a few charge off/collections on my credit report... I currently am making a Car payment of $300 every month which I have not missed a month, I have a Victoria secret credit card for over 7 years which I have not missed a payment on, and I put my student loans in deferment. I am hoping to buy a house within the next year. My question is would getting a loan like this be better for my credit score vs applying for a bad credit credit card like Credit One Bank? Or should I do both? I am hoping to get my score at 700 it is at 612 right now? What should I do? I watch a lot of your videos and trust your advice. Thank you.

[@BeatTheBush]

Sounds like you are doing all the right things. I assume when you say apply for a 'bad credit, credit card'', you mean a secured card. Both are good to have and you do not have to do one or the other, you can do both to make the score go up higher faster. Question is if you can make the monthly Self Lender payments comfortably, if you can then you can do both.

[@janedough4755]

Does this account show up on your credit report as a Self Lender account?

[@BeatTheBush]

Yes it does and this is how it improves your credit. Otherwise, it will have no effect.

[@lorenzoblockett462]

got a score of 614 and 615 I've been there for a month. I have an account that I been paying on time every month. it was 634 and 635 but it dropped to the score above. I'm trying to figure out why did it drop 23pts.

[@BeatTheBush]

You might have had a hard inquiry?

[@lorenzoblockett462]

BeatTheBush that was 3mths ago.

[@BeatTheBush]

Hard to track unless you have credit reports on before and after. Maybe you had higher utilization.

[@jimbobimboslice]

I have a question: I have a 773 credit score. Will this help me get mine higher? I only have credit cards and a line of credit on my credit history. I have no auto loans; I have no student loans; I have no mortgage. Will this help me? Or should I just stick to my own strategy where I utilize all my credit cards (I have 4 cards) every month and wait for my average age of accounts to increase?

[@BeatTheBush]

I think having a mortgage with a year or two of on time payments will help your score go up higher. You need more type of credit lines and selflender is one way to do it. But it being so high, it will be hard to increase it by a lot. So I'm guessing 10-20 points after 6 months with that.

[@harrisdevin45ok]

hi i currently have a credit score of 645 i have had a secured card of 200$ CL for 4 months (started reporting after 2 months) which i have been paying on time and keeping the utilization low. i have no other credit accounts, collections or anything as i started at 0. how much of a score increase do you think i will see if i use the self lender option?

[@BeatTheBush]

On average, you get about 35 points increase in about 4 months after using Self Lender. After doing it for a year it is expected to gain about 65-70 assuming you started at a lowish score. Since yours is not terrible, you might see a little less increase. Also, since you have a low limit secured card, I recommend to apply for another one just to get more limit if you can. Also, apply the principles in this video to get your limit increased: kzbin.info/www/bejne/pqmqdnalhtR_gqM

[@JRBKLYN718]

If I was to do the $2,200 dollar loan , would my score increase more than if I were to get the $1,100 dollar loan ? All feedback would be appreciated ,Thanks.

[@BeatTheBush]

From what I've seen is that the action of paying something every month matter more than the amount. The 2x plan will not give you 2x the points. I estimate it'll give you 5-10% more. So go with the cheaper one.

[@ericterrin6338]

i have the credit builder loan and i also have 5 secured credit cards....all im trying to do is get to mid 650s to a solid 680 700 score and at a 530 credit score rite now.... i think how i did this can get me there in about 1yr and a half ...sure an 850 score is kool but i dont have that kinda time dude. i will keep my cards open charge small things pay them off pay the c builder loan off. hell i even got a fingerhut to help creep things along lol.. i think i can do this in a year.

[@BeatTheBush]

You really should try this video here: kzbin.info/www/bejne/l6XXgn6wo8ykpac Also, try to get an unsecured card at some point. You want to cancel all secured cards at some point because the presence of them on your credit report looks bad.

[@michaeledwards3217]

Signed up June 6 with a 563 CS. Will give updates during the process

[@BeatTheBush]

Very nice, I'm sure you'll be very pleased with it after a few months. =D

[@michaeledwards3217]

Should I apply for a discover secure card now or wait. Till my score goes up to see if I can get an unsecured one?

[@elyshanicole577]

how is your credit going?

[@YoungBlaze]

i wonder why nobody ever responds on their updates lol

[@michaeledwards3217]

@@elyshanicole577 jumped 40 points in 5 months. now I have an American Express everyday blue and Chase Freedom unlimited

[@cgirl1995]

Hi, I have never had a credit card so I probably don't have a credit score. I am still a student so I also have student loans. What would be the best secured credit card to apply for? I want to also do the credit builder loan, I have a credit union account so should I just go through there to get it? How does my current loans affect my credit score coming up?

[@BeatTheBush]

Sometimes you might be able to skep a secured credit card all together depending on your credit score. I started by getting added to someone's card for a few years and then got my won discover. You can indeed go through the credit union to get a secure card but you might just want to bypass all that and try for an unsecured and try your luck. Current loans in good standing will help your credit score.

[@XaYaZaZa]

Very nice! I just got an account really fast! I can't wait to see my credit build more! I'm up 50 points in the past 3 months without trying too hard. Now with this account and another CC I will be making nice progress

[@BeatTheBush]

Great credit score comes great responsibility. You'll have more credit limit than you know what to do with. Remember to pay everything off every month to keep things in check.

[@bigjun2004]

Hi, I wanted to participate but my credit score had fallen from 649 to 607 went i open a new account with Discover crd and obtained my 11 inquiries. I current placed a dispute again collection agency and started a settlement with Capital One. I used the Discover Crd CreditWise stimulator to borrow a loan and return score was reduced again to 591. I can afford payment actually my payment history is current 99%. I'm afraid if I participate my score will decrease. Any advice

[@llkleyll]

Hello, I have not credit history. How long will it take affect to start see the score go up with self lender? can I see my credit score balance monthy with them? I'm thinking in make a loan with self lender and request a Discover it secured credit card at the same time? is a good strategic to make my credit grow up faster?

[@BeatTheBush]

Typically, after you start the self lender account, you see it on your report withing 60 days from the first due date. Depending on what the Discover It secured card requires, you might want to wait until you have something for a credit score. Secured cards do sometimes require a credit score although the bar is much lower but it's not zero.

[@tinystaysbossin611]

I'm a little confused. You pay $12 to start. Then link it with your bank account. Do you need a saving account for this? I have money in my checking but not savings. They take the money and then keep it while you pay it off.. can I use my checking account to pay it off? Then they give you the money back at the end of the year and take their fees...

[@BeatTheBush]

No you just need a checking. You can use your checking to pay it every month. Correct, they charge a fee for this service and will also take a partial fee if you decide to end it early.

[@kyledukes49]

Also I know this is a little unrelated but I'm out of options. I have a few accounts in collections (all medical related) would it be better to pay off my oldest account.... Or close out the cheapest since technically they would be closed quicker? Or do I start doing payments to each of them? Can I still contact the original company? If I'm offered a discount price from a collection agency and they say that they will close the account and mark it paid in full is there a catch to this?

[@BeatTheBush]

If they offer you a discount price for the amount due, you really should take it. It sounds like normal practice to at least get some money back from the borrower when the account is in collections. The most money efficient way is to pay lowest interest rate first while making minimum payments on everything. However, the number of accounts opened has a huge psychological effect on how much progress you feel like having. So paying off the smallest debt first will make you feel good in closing out some accounts first and it gives you a feeling a good progress.

[@isamcronald5747]

I just open an account today. Thank you

[@BeatTheBush]

You're welcome. You should see some improvements within 60 days. Great improvements if you are starting from a low score.

[@MCNiiCK]

Any approvements?

[@chaii_latte]

How'd it go?

[@burg2daworld]

Hey Suppose I want to do a $20,000 loan so I can have a more drastic effect on my credit? currently I can afford $600-$700 a month with out an issue. Do you think there is an option for this? Anticipating your response thanks.

[@BeatTheBush]

History is more important than a amount of the loan. Just you want more months of payments rather than this $20k sum you talk about.

[@stevealaska73]

Hmm paying $75 for an increase in my credit score rebuild doesn't seem financially wise. How about opening your own money market/ trading account and or a simple Traditional IRA if not both? I'd be willing to bet that those options (which are free) will help more and not cost you a dime.

[@BeatTheBush]

I wouldn't say it's financially unwise because it depends on your situation. If you want things fast and if it'll end up saving you more than that from the decrease in interest rate then it is wise. Now, you could do it all the same with the slow method of just being financially responsible and pay your bills on time for many years.

[@radishpineapple74]

Credit rating agencies don't care about how wise you are with your savings accounts or investments. They care about payments to lenders, and that's what gets reported to credit rating agencies. This kind of service is for those in the catch-22 situation where they need a loan to increase their low credit score, but can't get a loan because of their low credit score.

[@stevealaska73]

Good imput Bird. I guess I should've clarified that I just meant that the IRA's/ trading accounts are a bit of an insurance policy to the lenders as an asset is collateral.

[@BeatTheBush]

Yep, what Bird said. Lenders look at your FICO and FICO doesn't factor in you assets accounts.

[@mileswatkins6472]

I have a question if i have a 500$ limit and in 1 month i spend 700$ (because of the cash back ) and my bill is paid on time will that hurt my credit ? (Ex i spend 60 $ and keep refilling the account the day of and never go buy a item costing more than 500$)

[@mecca322]

Hi, will paying the $1100 loan back within 3 or 4 months help improve my credit score or is it best to do over a years time?

[@BeatTheBush]

It's best to do it over a years time. You are demonstrating responsible and consistent financial behavior which is not a spurt of 3/4 months. So you want to just complete the self loan as it is for best effect.

[@Shawk95]

Whats the secret behind $550/$1100/$2200? --- why not $500/$1000/$2000?

[@BeatTheBush]

+Ashfaq Sheikh I'm guessing they started with the $1100 loan and so payments would be just under $100 per month for 1 year.

[@Shawk95]

BeatTheBush OK and thanks.

[@moneymagnet7735]

So why not do the 550 loan?

[@nicholashaynes1678]

When building credit is it wise to cancel credit cards before the annual fee is charged? Also, is canceling the card the same as canceling the card account? Which, to my understanding, canceling a card account can negatively affect credit history.

[@BeatTheBush]

When building credit, you should not cancel before the annual fee is charged. You should instead avoid getting an annual fee card in general so you wont be paying all the time. I don't see a difference between cancelling the card and the account, its the same thing. You could potentially have two cards with the same company but you normally just refer to a specific card when cancelling. Cancelling a card does negatively affect your credit score but do a differing degree depending on how strong the rest of your credit history is. Hope that helps. =D

[@calebgunn4261]

hey how are you? My CS is 684 i been stuck here for months. Also i have 4 cards and never leave a balance. What should i do?

[@BeatTheBush]

I do enjoy when anyone asks a question I already made a video for. So yes, I made a video just for that very situation for 700+ but you're close enough here: kzbin.info/www/bejne/g3SpfIF4mN50jdU

[@marymack6804]

So if I am trying to build a higher credit score to buy a home and I just got a secured credit card, would I be helping myself to go with self lender as well. What would you recommend? Thank you!!

[@VickyJ31520]

Congratulations to everyone and thanks for the information. However, that's strange though? I tried this previously about a year ago and customer service basically said I needed credit? ( that I needed to get on file with Experian?) in other words, *NEED CREDIT* Tried again a few minutes ago to sign up but, the site states that *I can't be authenticated online which is the same exact thing that happened last year! and I don't owe with ChexSystem or anything! They are a JOKE in my opinion and should be sued for FALSE ADVERTISING!

[@BeatTheBush]

They do not do a credit check but I was not aware but maybe they do a check system check to make sure you do not normally bounce checks?

[@Kjones238]

i had no credit, and credit card companies kept denying me. I went with self lender i’m 6mo in the payments and i’m almost to 700 credit score :-) thanks for the suggestion

[@GreenBanana675]

So after reading some of your comments, you started off with the unsecured Discover Card. I do not have credit yet or a credit score... so you would recommend my first card to be the unsecured discover card? ( I am 20 yrs old)

[@bjames692]

I’m doing Self Lender for a think it’s 1500 or $1100 but I wanted to only do it for like six months and pay it off is that a good idea instead of doing a whole year

[@jaypomec2805]

Hey BeatTheBush, So I went through bankruptcy just a little over a year ago. I was able to get a credit card with Capital One just a month or so after. I currently have about a 670 credit score. I also have about 10 inquiries on my credit report since I had to apply for a car loan about 6 months after my bankruptcy. Just wanted to know if you thought a self lender like this would help my situation? Not sure if this would be a hard inquiry against my credit and if it would be worth it. I would love to be able to buy a house by next year, so willing to do what it takes even if I lose a little money to build a little more credit faster. Any other advice would be much appreciated also. Thanks for the awesome video's!

[@BeatTheBush]

Yes it definitely would. There's not credit check from self lender. So I would definitely try it in your situation. Is capital one a secured or unsecured card? Try my build credit fast with a low score or limit here: kzbin.info/www/bejne/l6XXgn6wo8ykpac You can also boost the score but it's only temporary every month you do it here: kzbin.info/www/bejne/gqqlm5afr5lgsMk

[@jaypomec2805]

Thanks for the response, and the capital one is a unsecured card. They upped my limit to 3k after 6months of on time payments. Hoping after a year they will up it again and if not I'll ask for that. I was thinking of doing the pay before the statement date this month. Only thing I'm worried about with that is I thought you said its only a temporary boost paying before the statement date, so not quite sure if its worth it in my situation since it will go back down.(?) Also since I have a 3k limit now do you think I should stay around the 30% range of spending each month?(as I hear most say to do) Or try to spend as much then pay it all off in full? lol Spending 3k every month would be pretty hard to do, but maybe I can for 1 month just to help boost it if that's the case. Right now I'm willing to do what it takes to get me back to good credit score for next year.