Improve Your Credit Score QUICKLY! (Credit Card Utilization)

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MissBeHelpful

MissBeHelpful

9 жыл бұрын

Welcome to my MissBeHelpful channel!
In this video, I explain:
-how your credit score is calculated
-how to improve your score quickly by keeping your utilization low
I also share a helpful trick to remember these rules, "Divide by 10... THEN spend!" (Watch to find out what it means and get examples!)
More from MissBeHelpful:
My VERY FIRST video (AWWW): • Get Your Credit Score ...
Common Credit Card Myths: • Common Credit Card Myt...
Budgeting Basics: • Budgeting Basics: COMM...
How I Save Half of My Income: • How I Save Half Of My ...
Why You Need to Start Retirement Saving in Your 20’s: • You MUST Start Retirem...
5 Things to Consider When Applying for New Credit Cards: • 5 Things to Consider W...
Credit Card Rewards… Do’s and Dont’s: • Credit Card Rewards: D...
Become and Expert at Reading You Credit Card Statement: • How To Read Your Credi...
How To Improve Credit With Limited or No Credit History: • How To Improve Credit ...
Best Apps to Save for Retirement with a ROTH IRA: • Best Apps to Save for ...
Best New Way To Improve Credit - No Credit Card Required: • Best NEW Way To Improv...
How Trump Can Affect Your Finances: • Video
How I Use the Grace Period to Avoid Paying Interest: • How I Use the Grace Pe...
Let’s connect:
FACEBOOK: / missbehelpful
INSTAGRAM: / missbehelpful
BUSINESS INQUIRIES: Missbehelpful@gmail.com
’Til next time… PEACE!

Пікірлер: 1 600
@hopheadfred59
@hopheadfred59 7 жыл бұрын
I had a 524 that is now a 639 score. one month. One month. And still climbing. Please listen to this woman and stick to it. She is my credit Angel. Stick to her plan. It is the way credit world work's. Thank You Girl.
@missbehelpful
@missbehelpful 7 жыл бұрын
I'm so happy to hear that! Congrats!!
@The1707regina
@The1707regina 6 жыл бұрын
cool and congrats. definitely taking her advise. I have no credit and want to build credit fast. I opened a secured credit card and want my utilization to be excellent. I'm sticking between 0-9%..don't care what anyone says different.
@VLJ10
@VLJ10 5 жыл бұрын
renee p I just opened up a secured credit card I only put $250 on it so I should only spend a little less than $25 on it month to keep my utilization good?
@realvesselgem6527
@realvesselgem6527 5 жыл бұрын
Fred Cox I hope this works for me
@MrNerdomatic
@MrNerdomatic 4 жыл бұрын
how tf did u even manage to do that
@hahkiabdul6352
@hahkiabdul6352 2 жыл бұрын
Definitely the best utilization explanation I have viewed thus far. Your method of breakdown caused me to understand IMMEDIATELY! Thanks.
@erdiaz13
@erdiaz13 3 жыл бұрын
Thank you for laying the information out so clearly! I have only heard that my utilization should be under 30% and I'm 37 years old! 🤦🏽‍♀️ Found you through TFD. Can't wait to watch all your content!
@michaelestrada9291
@michaelestrada9291 6 жыл бұрын
Saw a few of your videos and I have to say the way you explain it really got through to me. Usually I can't listen to somebody talk for 10 seconds with out zoning off. Verry informative. Thank you
@missbehelpful
@missbehelpful 5 жыл бұрын
Awesome! You're welcome! Thanks for watching and commenting!
@NerdJourneys
@NerdJourneys 8 жыл бұрын
thanks! simple enough to be quickly understood and detailed enough to be helpful.
@ab00781
@ab00781 7 жыл бұрын
This was very informative and simple to get! I finally decided to FULLY understand how credit scores work so I can utilize certain benefits of having a credit card and you got straight to the point! No chalk boards with a bunch of scribble scrabble and confusion like some other videos I've seen lol. I have a better comprehension now and will watch more to learn. Keep doing these vids and thanks!
@missbehelpful
@missbehelpful 7 жыл бұрын
Thanks for watching and commenting!
@misssssesssssbudderfly
@misssssesssssbudderfly Жыл бұрын
You explained this better than literally any video out there 😭 thank you sm I’ve been building credit from scratch in my 20s i really appreciate this advice. you just got a new sub!
@thomasthorne4010
@thomasthorne4010 2 жыл бұрын
Good morning. I saw this video a couple years ago even before I was commenting on videos .... Lol !!!! But this video right here gave me a very powerful lesson on credit cards and how to use them. Because of this video, my credit has skyrocketed over these years and I just wanted to say thank you for this video and pray you continue to do great things !!!!!
@RichEliza
@RichEliza 5 жыл бұрын
Girl! I’ve probably heard this a million times! But since you sound just like me and I knew you were Dominican heard that in another video. This has officially made sense! I will absolutely go divide pay 10 and continue my aggressive paying down on my CC debt. I love your videos and am officially/currently binge watching lol!
@missbehelpful
@missbehelpful 4 жыл бұрын
YASSS WELCOME TO #TEAMBEHELPFUL - Love your instagram! Dominicans dominating the game ;P
@RichEliza
@RichEliza 4 жыл бұрын
Thank you ❤️
@Austinh61386123
@Austinh61386123 8 жыл бұрын
Awesome video and great information. I would like to add that if you pay off your card 3 days before the due date and don't use it for 3 after the due date, they report it as 0% utilization. The 3rd day after the due date is usually when they report. So you can max out your card every month as long as you pay it off 3 days before due date and don't touch it for a week. Your credit score will continuously go up and you will be approved for higher limits faster.
@mwajudy
@mwajudy 8 жыл бұрын
great will try that
@positivevibes5364
@positivevibes5364 7 жыл бұрын
Austin Harris great to know thanks
@deviantnia
@deviantnia 7 жыл бұрын
So what you're saying is pay off the amount owe 3 days before the due date and don't use it for the next 3 after the due date?
@negative74
@negative74 7 жыл бұрын
Austin Harris that's brilliant I didn't know that
@CALDAMN
@CALDAMN 7 жыл бұрын
yeah, but I thought 0% utilization is not good because it means that you're not using your credit card and not using your credit card at all doesn't improve your credit score. Am I right?
@nikkifrancis8566
@nikkifrancis8566 4 жыл бұрын
Girl! Thank you thank you! You got straight to the point and it made a whole hell of a lot of sense!
@jorgetovar2810
@jorgetovar2810 4 жыл бұрын
I'm so glad I saw your video bcuz I've seen alot of them but not so helpful. You went to the point thats what I wanted to hear 😁
@jjrockstarr-rated5826
@jjrockstarr-rated5826 6 жыл бұрын
Omg thanks for uploading this vid now it’s time to get to work on my rebuild
@missbehelpful
@missbehelpful 5 жыл бұрын
You're welcome! Thanks for watching and commenting!
@johnrandoll1026
@johnrandoll1026 8 жыл бұрын
Very Nice information. I knew there was a way, and you just explained it. Thank Yee!!
@missbehelpful
@missbehelpful 8 жыл бұрын
Cool - thanks for watching!
@tonyk2145
@tonyk2145 3 жыл бұрын
Thank you so much, This cleared my 1000 questions and confusion. Well explained.
@adonisbrooks3226
@adonisbrooks3226 3 жыл бұрын
I can listen to you talk all day ❤️ but seriously thank you for the advice!
@carla2928
@carla2928 8 жыл бұрын
I just figured this out a few months ago. You are 100% correct!! Best thing you can do for your credit. Excellent video!
@missbehelpful
@missbehelpful 8 жыл бұрын
+Carla mitchell Thanks for watching!
@DJKingJames504
@DJKingJames504 6 жыл бұрын
Carla Myles you're very beautiful.
@Eljanny
@Eljanny 9 жыл бұрын
Great advice! But one thing you forgot to mention was that if you do need to make a pretty big purchase like you mentioned which will put you over the "0- 9%" you can still go ahead and make it as long as you pay it off right away or pay off enough to keep it below the 10% before the statement closes. Ex: $500 Credit limit. Buy item worth $400 puts you at 80% but then you pay $355 for it and let the statement close.. you'll b left with $45 bringing you down to 9%. Because the percentage that's reported is the amount in your statement. Then pay it off when you get it and rinse and repeat :D
@missbehelpful
@missbehelpful 9 жыл бұрын
Eljanny True. Thanks for pointing this out :) Although, If you have the cash to pay it right away I don't think you would need to charge it on a credit card, but I guess if you have a student loan check coming or a paycheck coming in a few days and you really need something in the meantime - then this is a good tip to fall back on.
@Eljanny
@Eljanny 9 жыл бұрын
+MissBeHelpful That's very true and that's where credit cards come in handy :D. Though i'd still go ahead and put certain transactions on my CC mainly for rewards that my CC has and many others do so too either cash back, points, traveling etc... (which you should make a video about :) ).
@wiseman4256
@wiseman4256 8 жыл бұрын
+MissBeHelpful so is Eljanny right about if you use more than 10% but then make large payment before bill statement, and then owe only 8% of your limit on bill statement, then that's what will be reported? Because this video makes its sound like if your at 80% of your limit ever, even for just one hour from paying for hotel ect your in trouble?
@buildingwithjosue
@buildingwithjosue 8 жыл бұрын
+wise man the banks do not report to credit bureaus every hour, they report once a month. So yes, Eljanny is correct and so is MissBeHelpfull. Some people just prefer to take advantage of those rewards that certain cc offer. Just remember that if you are going to hit the card with a high balance, pay it off to where you are at a 10% again before the bank reports to the credit bureaus. Hope this answers your question.
@wiseman4256
@wiseman4256 8 жыл бұрын
Thanks! good to hear i'm on the right track.7% or less on the first bill statement is best.heard 1% is perfect percentage.Of course paying your balance in full one day after first bill statement will stop someone from having to pay any interest.Rinse and repeat every month.And owing small amount on the first bill statement is best for your credit score.Not paying interest is best for your credit score.Owing nothing on any of your bill statement is bad for your credit score.
@ariella2823
@ariella2823 3 жыл бұрын
❤️ I really like your advice I love the whole divide by 10 & spend phrase thank you so much you were simple & understanding, I don’t like to take risks so I would definitely use your advice & take a few extra dollars off to be on the safe side.
@duanetv1925
@duanetv1925 6 жыл бұрын
Great vid! I agree! Very informative, clear and concise information. You're definitely one of the major players in regards to anything credit related. Credit Utilization (which is 30%) is one of the 2 major categories (payment history which 35%) that make up a huge part of our credit score. I've experimented with different credit utilization percentage and that was probably the first time I noticed the biggest jump in my credit score. Thanks for always providing great content. Totally SUBSCRIBED now so that I don't miss any of your videos!
@missbehelpful
@missbehelpful 5 жыл бұрын
Awesome! Thanks for the comment and the sub!
@guianeb
@guianeb 9 жыл бұрын
Great info on the percent of utilization! This is definitely gonna impact my financial decisions in the near future! You're just so darn helpful. lol :D
@joshuamorris2908
@joshuamorris2908 7 жыл бұрын
Self control is the key when dealing with credit cards thanks for the tip.
@missbehelpful
@missbehelpful 7 жыл бұрын
Thanks for watching and commenting!
@nessydelight470
@nessydelight470 6 жыл бұрын
Good tip
@graceandglamor
@graceandglamor 8 жыл бұрын
This is the best video on credit utilization I've ever seen. thank you so much!
@missbehelpful
@missbehelpful 8 жыл бұрын
+Grace Culver Thanks for watching!
@essancemylove
@essancemylove 6 жыл бұрын
Thank you so much girl!!💕💗 words can't express how thankful I am to have found your Channel! :)
@missbehelpful
@missbehelpful 5 жыл бұрын
You're welcome, Ms. Essence! Thanks for watching and commenting!
@starrlightgoddess
@starrlightgoddess 4 жыл бұрын
Thank you! I'm going to use this strategy and I'll be back in a month or so for an update! . UPDATE: Its been 3 months and my credit went from 700 to 732 by using this method!🙌🏾🙌🏾 I found it even better to stay at 9%, I will continue to use this method in the future! Thanks again ❤
@missbehelpful
@missbehelpful 4 жыл бұрын
Yes girl come back and tell me how it changed the game for you LOL :D
@dawnfaniel-hall831
@dawnfaniel-hall831 7 жыл бұрын
Thank you thank you explained it so nicely...my goal is to buy a home this year. It has taken me so long to get my credit under control
@missbehelpful
@missbehelpful 7 жыл бұрын
Great goal! It isn't easy, but the end result feels so good! Thanks for watching and commenting!
@The1707regina
@The1707regina 6 жыл бұрын
wish you the best with you credit for your new home purchase
@UniqueAndFavored
@UniqueAndFavored Жыл бұрын
🦋🦋I am sooooooo extremely grateful for you and your experience with credit!!! I messed up BIG Time and to learn the hard way because I wasn’t taught on financial literacy. I paid on time but my utilization was too high and it dropped my score by 49 points! I will NOT make that mistake again!!!!🦋🦋
@hijaabch7483
@hijaabch7483 7 жыл бұрын
You know the stuff and you are so good at explaining clearly. Awesome work.
@missbehelpful
@missbehelpful 7 жыл бұрын
Thanks! I'm glad it helped you!
@jackjohnson3146
@jackjohnson3146 7 жыл бұрын
55 years old. why am I only learning this now? could have saved me , so much grief, so much heartache, so much money. I'm making all of my children watch this video. very well done. Thank you.
@missbehelpful
@missbehelpful 7 жыл бұрын
You're welcome!
@realestateinvestingtips
@realestateinvestingtips 7 жыл бұрын
Good Tip!
@missbehelpful
@missbehelpful 7 жыл бұрын
Thanks for watching and commenting! Glad you enjoyed it!
@javiermancheno8531
@javiermancheno8531 4 жыл бұрын
YOUNG LADY ! YOU DESERVE TO BE SHARED RIGHT AWAY ! KUDOS FOR YOU AND THANKS !
@snowwhite6882
@snowwhite6882 Жыл бұрын
Gurrrrl thumbs up boo 🎉❤ thank you!
@danettewatson7426
@danettewatson7426 8 жыл бұрын
I am in my 50s, and this is the first time I have EVER heard this VERY important information! I have dear friends that call me "Too Helpful", but you got me beat with this one MissBeHelpful! Awesome, just awesome! Thanks for putting it out there! I hope you believe in the blessings God has in store for you because of the way you are blessing others! If not, you'll miss out!
@brianaguirre1
@brianaguirre1 7 жыл бұрын
I'm 18 and just got my first credit card with a $500 limit and this really helped me understand utilization. Thank you for the help! I'll keep my spending to $45.
@missbehelpful
@missbehelpful 7 жыл бұрын
Awesome!
@jerrygudino383
@jerrygudino383 6 жыл бұрын
MissBeHelpful Does apply if let's i have a 500 limit. I use all my limit but I pay in full every time. Your thoughts please. Thank you
@osmannaji4504
@osmannaji4504 4 жыл бұрын
I will do the same thanks for the information
@judothaghost258
@judothaghost258 4 жыл бұрын
Jerry Gudino Thats not good
@jayfestae716
@jayfestae716 8 жыл бұрын
That was awesome. You put it in the simplest terms that anyone should be able to understand. I'm on my way and thank you so much for this video!!!
@missbehelpful
@missbehelpful 8 жыл бұрын
+Dee Johnson Thanks for watching!
@kyianichole
@kyianichole 6 жыл бұрын
thank you so much for these videos on credit cards. i am going to be applying for my first credit card very soon, and i have been doing a lot of research to help educate myself on them. i have been watching a lot of your videos lately, and they have really helped me out! thank you
@missbehelpful
@missbehelpful 6 жыл бұрын
Thanks for watching and commenting!
@TechRax
@TechRax 8 жыл бұрын
Was wondering why I was low in that category. Thanks!
@missbehelpful
@missbehelpful 8 жыл бұрын
+TechRax Thanks for watching!
@NeoPlays7
@NeoPlays7 8 жыл бұрын
TECHRAX
@NeoPlays7
@NeoPlays7 8 жыл бұрын
Buying too many iPhones on that credit cart...
@banihachim6825
@banihachim6825 8 жыл бұрын
Devide by ten then spend i like that saying
@Nick210
@Nick210 2 жыл бұрын
Simple, clear and concise. Thank you!
@salsero1492
@salsero1492 4 жыл бұрын
Great video, thank you for your easy explanation!
@CarolineSharesATopic
@CarolineSharesATopic 7 жыл бұрын
Turely works...I have increased score by 115 points, thanks!
@jw7168
@jw7168 7 жыл бұрын
how long did it take for the 115 point increase?
@CarolineSharesATopic
@CarolineSharesATopic 7 жыл бұрын
About 6 weeks...not long at all.
@jw7168
@jw7168 7 жыл бұрын
Wow, thanks for the response.
@onlyway8176
@onlyway8176 7 жыл бұрын
really? because your comment Im trying to do it.
@missbehelpful
@missbehelpful 7 жыл бұрын
That's awesome! Go ahead, Caroline!
@MyGrace4Life
@MyGrace4Life 9 жыл бұрын
Thank you. You have really helped me a lot. Keep up the good work.
@missbehelpful
@missbehelpful 8 жыл бұрын
+Tasnee Johnson No, thank you for watching! I'm really glad to hear this!
@heritiernsengimana1283
@heritiernsengimana1283 6 жыл бұрын
Tasnee Johnson does really work?
@DJKingJames504
@DJKingJames504 6 жыл бұрын
Tasnee Johnson your beautiful.
@shandawinburn3165
@shandawinburn3165 3 жыл бұрын
Very well said I never thought of it that way is you have more than one card thank you so much for sharing
@karmaking1263
@karmaking1263 2 жыл бұрын
Wow, you are really good at breaking this stuff down thanks a lot
@JoseSanchez-em1dt
@JoseSanchez-em1dt 8 жыл бұрын
Thank you so much! my score jumped 70 points in a month! Definitely earned a subscribe
@missbehelpful
@missbehelpful 8 жыл бұрын
+Jose Sanchez Wow that's amazing! Congratulations. My friend just texted me the other day to say that her score went up to 750 after watching my videos and I am so happy to hear stories like yours! Thanks so much for watching, subscribing and commenting!
@rockit8444
@rockit8444 7 жыл бұрын
They should teach this in highschool. I know what a mitochondria is and does, but not how to establish good credit. Great video
@cgarvin4637
@cgarvin4637 7 жыл бұрын
Excellent information thank you so much for your time and effort to help all of us have a greater understanding.
@missbehelpful
@missbehelpful 6 жыл бұрын
You're so welcome! Thanks for commenting!
@thejskifamily9896
@thejskifamily9896 4 жыл бұрын
Thanks for your info!
@anavillarreal2383
@anavillarreal2383 7 жыл бұрын
i just got approved for a secured credit card of 300$ with a fico of 480. So i did the math and that means i can only spend 25$ a month? im going to try this and only use it for gas and hopefully raise my fico score. Thank you for a really detail ed video:)
@missbehelpful
@missbehelpful 7 жыл бұрын
Congrats! That's great! Thanks for watching and commenting!
@collectiveconsortium7870
@collectiveconsortium7870 7 жыл бұрын
Ana Velasquez hows your credit now?
@NyCtHuGGa3
@NyCtHuGGa3 7 жыл бұрын
Ana Velasquez you can use your 300$ and max just pay it atleast 4 days before the due date and keep it at 0% utilization for 3 days after your due date in other words don't touch it. It will appear on your credit score as 0% even if you have maxed it all out
@thedanieldrew6695
@thedanieldrew6695 2 жыл бұрын
@@NyCtHuGGa3 only if you know that you would pay for that item anyway if you had hand cash . General rule of thumb
@maries9478
@maries9478 7 жыл бұрын
Thanks for being Informative! So does it hurt your credit if you pay what you spend before the statement closing day or is it better to wait to pay the full amount on the day of statement closing?
@missbehelpful
@missbehelpful 7 жыл бұрын
It doesn't hurt your credit to pay early but you want to at least leave a little balance there for the credit card issuer to report to the credit bureaus. Call your card company and find out when they report the balances to the bureaus for your card and then you can make sure to pay it down to 10% by that date and then pay the rest off before the due date. Thanks for watching and commenting!
@thedanieldrew6695
@thedanieldrew6695 2 жыл бұрын
@@missbehelpfulhowl long is the due date from statement date … my statement date is the 24th of every month and they report to the Bureaus on the 27th so when is my due date miss … would I have to call for that
@positivevibes5364
@positivevibes5364 7 жыл бұрын
This was so clear and simple I'm subscribing today! Thanks a bunch. I'm rebuilding credit and am sure I will have questions for you soon!
@missbehelpful
@missbehelpful 7 жыл бұрын
Glad you thought so! Appreciate the comment and sub :D
@BreannaCourtneyy
@BreannaCourtneyy 4 жыл бұрын
YES PERFECT I NEEDED THIS. I have 300 limit and I planned on spending only 10% but I didn’t understand why fully till watching this!
@Thirst4livingwater
@Thirst4livingwater 7 жыл бұрын
HOLY SHIT! THANK YOU SO MUCH!!! MY credit when up from 550 to 708 in Less than a Month!!! THANK you so much!!!!
@missbehelpful
@missbehelpful 7 жыл бұрын
WOW!! That's AMAZING! Congrats!!
@heritiernsengimana1283
@heritiernsengimana1283 6 жыл бұрын
Fester MP really??
@tamirajohnelle4700
@tamirajohnelle4700 4 жыл бұрын
Congratulations!!
@HPauze
@HPauze 4 жыл бұрын
How did you make it go up so fast ? by not spending over 0-9%
@anisafreeman9989
@anisafreeman9989 2 жыл бұрын
Hey! So i have 300 and going to use 26 a month, do i pay the full 26 back on the due date or should i pay it a few days early ??
@LibertarianSamurai
@LibertarianSamurai 8 жыл бұрын
Wow. You should be in every single colleges and universities in the United States. You should do lectures and save those who foolishly bared themselves in student and credit card debt.
@missbehelpful
@missbehelpful 8 жыл бұрын
+LibertarianSamurai 自由の志士 I'd love to do a college tour! What a great idea!! Thanks!
@weezieboyd
@weezieboyd 7 жыл бұрын
Wow! Just found you! Your info was AWESOME! It was so easy to understand how to best use my credit cards! Thank you ever so much!
@missbehelpful
@missbehelpful 7 жыл бұрын
You're welcome!
@nariavelazquez60
@nariavelazquez60 8 жыл бұрын
THANK YOU!!! This video has helped me to truly understand how the credit score is calculated. I'm about to start building credit and now I know that I can't go crazy with my credit card.
@missbehelpful
@missbehelpful 8 жыл бұрын
+Naria Velazquez Yes, Naria - SO important to know this information as early as possible! Share with your friends :D
@coachdrew86
@coachdrew86 7 жыл бұрын
I recently got myself a secured credit card, should I use the same methods your teaching for my secured credit card? Thank in advance.
@missbehelpful
@missbehelpful 7 жыл бұрын
Yup! Good question. Same tips so that you show responsible use of credit available no matter what type of credit it is. Thanks for watching and commenting!
@CutietipsKarla
@CutietipsKarla 6 жыл бұрын
Hi Girl! Omg i just find you on KZbin ... you are so helpful. i am thinking to make a balance transfer or a loan and you explain it so well :) eres increible..... i will send you an email to ask you a question :) kisses and love Karla
@missbehelpful
@missbehelpful 6 жыл бұрын
Thanks for watching and commenting!
@CreditCardJunkie
@CreditCardJunkie 5 жыл бұрын
Congrats u gained another sub!!!
@coast2criszy
@coast2criszy 3 жыл бұрын
I'm so happy I found this video extremely helpful!!
@kingskid96
@kingskid96 6 жыл бұрын
THANK YOU!!! THAT WAS THE BEST EXPLANATION OF CREDIT I'VE HEARD IN A WHILE. AWESOME.
@missbehelpful
@missbehelpful 6 жыл бұрын
You're so welcome! Thanks for commenting!
@RockyPeterA
@RockyPeterA 8 жыл бұрын
The is the best credit card lesson on youtube. By the way, you are very beautiful as well. Thanks for your help and have a great day
@missbehelpful
@missbehelpful 8 жыл бұрын
+Rocky Peter A Thanks for the compliments, Rocky!
@RockyPeterA
@RockyPeterA 8 жыл бұрын
You are welcome. I am sure people tell you how beautiful you are everyday. Keep up the great work. Beauty plus intelligence = goddess.
@awakeminds
@awakeminds 8 жыл бұрын
Cut the cards up and pay cash for everything.
@pinky1933
@pinky1933 8 жыл бұрын
+awakeminds That will get you nowhere. Kids can pay cash you just break you piggy bank run to the corner store. I know people with 6 figure incomes (yes I am jealous but I am still in school myself) but they use credit cards. Credit cards simply because if you are going to pay 5k for a vacation to the Bahamas, use the credit card to earn 2% cash back. When you get home, after all the transactions clear, pay it off in full from your regular checking. Then you are the one getting paid to spend your own money. You use your debit card and you spend the same 5k and get nothing in return. I have a shit ass security job yet I have just under 7k in combined credit availability. I am responsible enough to use them for what I need until I get my degree. Then I can loosen up a bit. Paying cash is a sure way to keep you out of debt because you only spend what you have, but responsible credit card users spend only what they know they can afford. Like the video says, pay your bills, raise your credit.
@awakeminds
@awakeminds 8 жыл бұрын
+pinky1933 2% cash back is your argument? Look, I really don't care what plan you have, but I'm following Dave Ramsey's plan.
@jenna.f.8882
@jenna.f.8882 7 жыл бұрын
My credit limit is very high ($6,500) with a low interest rate (8.24%). I use it to charge my textbooks, and then I pay off my credit card bill in full with the money I've saved up for upcoming textbooks. You can negotiate with creditors for a higher cash limit and lower interest rate. If you have great credit, you can ask for a higher cash limit or a lower interest rate, and they'll pretty much always give it to you, especially if your credit card is with a credit union bank. And, if you're between the ages of 18-35, in college, and female, you are seen as a statistically error if you have phenomenal credit. Creditors will love you.
@missbehelpful
@missbehelpful 7 жыл бұрын
Go off, Jenn! You're on the right track girl!
@cholulahotsauce6166
@cholulahotsauce6166 6 жыл бұрын
Damn, how’d you get a rate that low?
@gatolojuliandomnick6242
@gatolojuliandomnick6242 3 жыл бұрын
Thank you so much MissBeHelpful. Super helpful.
@EbonyKnuckles
@EbonyKnuckles 4 жыл бұрын
Very well explained 1st credit experience and this was Great Thanks ;Keep up the good work
@nbarcenas03
@nbarcenas03 7 жыл бұрын
Nice video, very clear. I sent your video to some friends of mine to help them understand better. Also, not to be rude, but 10% is .10 in decimal. Therefore, $500 × .10 = $50 - $5 = $45. This can be used towards a tank of GAS every month and Paid In Full each month. Awesome video tho.
@hasskellmunoz9100
@hasskellmunoz9100 7 жыл бұрын
ugh I cant watch this anymore iam going to fall in love
@peterhv6099
@peterhv6099 7 жыл бұрын
Too late.
@hasskellmunoz9100
@hasskellmunoz9100 7 жыл бұрын
+Soyel PIX (MR PIX) I wont be late to a date with that smart cutie
@carlysmith9361
@carlysmith9361 7 жыл бұрын
If you want to learn how to improve your credit score fast then visit this website here to find out how: HootCredit. info
@cvs8104
@cvs8104 6 жыл бұрын
word i have already fell in love
@larioskot9138
@larioskot9138 6 жыл бұрын
Hasskell Munoz lmbo
@rainastorm26
@rainastorm26 6 жыл бұрын
Thank you for breaking it down! Your are awesome and very well educated on this matter :) god bless you
@missbehelpful
@missbehelpful 6 жыл бұрын
You're so welcome! Thanks for commenting!
@dimedoll2730
@dimedoll2730 7 жыл бұрын
Great tip on improving credit score very simple to understand
@lovedragonflys07
@lovedragonflys07 8 жыл бұрын
Why does she make her eyes huge every time she finishes a sentence lol
@oworld4057
@oworld4057 7 жыл бұрын
lovedragonflys07 lol
@Blanco_SubieForester
@Blanco_SubieForester 7 жыл бұрын
lovedragonflys07 It make her look hot, i like that
@reeslays1196
@reeslays1196 7 жыл бұрын
lovedragonflys07 I noticed that too lol I guess that's how she emphasizes.
@ConnorRianHickey
@ConnorRianHickey 7 жыл бұрын
Do you drink a lot of caffeinated beverages because your eyes cannot be more wide this whole video lol
@missbehelpful
@missbehelpful 7 жыл бұрын
LOL I do not drink any caffeine! I'm just a little crazy! Thanks for watching and commenting!
@sarahdez1
@sarahdez1 7 жыл бұрын
I'm so happy I found your channel :) i'm totally binge watching you!!! Where did you said we can calculate our own credit score?
@missbehelpful
@missbehelpful 7 жыл бұрын
So glad you found me too, Sarah! Credit Karma is a great and free tool for credit monitoring!
@fruloo1500
@fruloo1500 4 жыл бұрын
I know all about utilization. Mine is excellent! But I have a hard time explaining this concept to my husband. I love this! Its super simple how you broke it down
@miko972
@miko972 6 жыл бұрын
Holy smokes! She’s beautiful.
@Panchobey303
@Panchobey303 7 жыл бұрын
How rare, pretty face and brains
@eve7096
@eve7096 7 жыл бұрын
Excellent video! clear, precise, and very helpful. Thanks!
@missbehelpful
@missbehelpful 7 жыл бұрын
Thank you for watching!
@leviathan2855
@leviathan2855 5 жыл бұрын
No confusion here very valid point great video sweetheart you really know what to talk about
@fayesikora3433
@fayesikora3433 8 жыл бұрын
This is false. You do not and I repeat do not have to limit yourself to using a fraction of your credit limit per month as described in this video. You have a $500 limit and you're only going to charge $46 all month? Does that seem reasonable to you? Your utilization only needs to be at that small fraction on your limit on the close date of your card. That's right only ONE day per month dies your balance need to fall within the 0 to 29% range as described in this video. I use my card for everything all month. I make multiple payments to pay it down and off by my due date. I'm only limited to the small balance described in this video from the day after my due date to my close dates. For me that's the 22nd through the 26th of the month. My statement closes on the 27th. Whatever balance I have on this date is the balance that is reported to the credit bureaus. This and ONLY this ONE day. You can use ALL your credit ALL month long except during this period. This video is false.
@StraidGaming
@StraidGaming 8 жыл бұрын
+Faye Sikora So could you help me out to understand this? So I just recently got a capital one card and got a $300 limit, my due date for my payment is on the 27th of this month, so what you are saying is that I have to pay off a certain amount right before the 27th to get to the "excellent" range she was talking about so that way on the 27th it shows as I only used a small percentage? So then basically my utilization is reported to the agencies ONLY on the 27th in my case?
@fayesikora3433
@fayesikora3433 8 жыл бұрын
JoKeRR Ogie you want to pay your card off by or on your due date to avoid interest charges. You need to have ideally 10% but no more that 30% of you limit charged to your card on your cards closing date. Your balance is only reported on your closing date. So that means there are two dates you need to be aware of on your card. Your payment due date and the statement close date. Both are on your bill but you can call the issuer and ask if you don't see it. The day after your due date until your statement close date is the period during which you need to keep your balance between 10-30%. For example, my payment due date is the 21st. I make sure my balance is 0 on the 21st having made the number of payments I need to to pay it off so I don't get charged any interest. My statement close date is the 27th so between the 22nd and the 27th I don't charge more in that 10% of my limit. Then on the 28th through the next month I use as much of my limit as I need to and make the payments I need to get it paid off again by the 21st. I use my card to do everything then I use my cash to pay off my card. I maximizes my funds and earns me points I can use towards airfare and cash back.
@StraidGaming
@StraidGaming 8 жыл бұрын
Wow, ok I completely understand now. Thank you for the information!!
@fayesikora3433
@fayesikora3433 8 жыл бұрын
You're welcome. I wish she had responded to my comment because people really believe they have to deprive themselves of using their credit because of videos and so called gurus like this one.
@LalasKitchenCo
@LalasKitchenCo 8 жыл бұрын
I appreciate you clarifying this because I wondered if what this video was teaching was correct. My due date for each of my cards are the 20th and the 23rd. I also make several payments throughout the month to ensure that by the due date, my cards have 0 balance. I don't know when the statement closings are but I will find out and use this method. Thanks again!
@AllThingsKen
@AllThingsKen 6 жыл бұрын
her eyes are piercing my soul
@victoriataylor6438
@victoriataylor6438 4 жыл бұрын
Soooo helpful!!! Thanks
@cir.2042
@cir.2042 7 жыл бұрын
About to get my first credit card. This is great!! Looks like it can also help me to be a responsible spender. Thanks! 😊
@missbehelpful
@missbehelpful 6 жыл бұрын
Nice! You're so welcome! Thanks for watching and commenting!
@bjornjoseph
@bjornjoseph 8 жыл бұрын
i wanna marry you
@FastedSithEmperor
@FastedSithEmperor 8 жыл бұрын
+bjorn joseph Me too!
@paranithausa
@paranithausa 5 жыл бұрын
Nobody explain me like that. Awesome information to who need to increase credit score fast. Thank you so much. Happy to watch your new video. Thank you
@missbehelpful
@missbehelpful 4 жыл бұрын
You're welcome!
@TheTarantube
@TheTarantube 7 жыл бұрын
Thank you seniorita. You helped me. Appreciate it.
@missbehelpful
@missbehelpful 7 жыл бұрын
Thanks for watching and commenting!
@AllieBeatty
@AllieBeatty 8 жыл бұрын
You're awesome, MissBeHelpful. Utilization's my Achilles's Heel. Thanks for being so helpful :)
@missbehelpful
@missbehelpful 8 жыл бұрын
Thanks for watching and commenting, Allie!!
@male88263
@male88263 7 жыл бұрын
Congrat your video is very well explanatory youuuuuuu are right to the POINT not like other videos that takes an HOURRRRR to explain something so simple
@missbehelpful
@missbehelpful 7 жыл бұрын
Thanks!!
@jamesjefferson8084
@jamesjefferson8084 4 жыл бұрын
Awesome Video Thank You.
@JohnWickstairs
@JohnWickstairs 3 жыл бұрын
Thank you so much for this helpful tip. I’ve been working on being financially responsible so this was a fantastic video.
@mr.will-i-am7028
@mr.will-i-am7028 6 жыл бұрын
Awesome tips! Will try.
@missbehelpful
@missbehelpful 5 жыл бұрын
Hope it works for you! You're welcome! Thanks for watching and commenting!
@haribalu7733
@haribalu7733 3 жыл бұрын
very informative and helpful epitome of beauty!!!...Thanks
@robertsaka8943
@robertsaka8943 6 жыл бұрын
Hey! Your beauty and knowledge makes you a jewel in the Nile. Thanks for such an eloquent explanation of the Utilization factor.
@autobahn1758
@autobahn1758 7 жыл бұрын
Great video! My credit score went up about 20 points just from changing my utilization amount. Thanks!
@missbehelpful
@missbehelpful 7 жыл бұрын
That's awesome!! Congrats!
@lisachavis6095
@lisachavis6095 8 жыл бұрын
Wow, I had no idea about this. Thanks so much!!!!
@missbehelpful
@missbehelpful 8 жыл бұрын
Glad to help, Lisa! Share with others and spread the word because this is not commonly known information, unfortunately. Many people seem to learn it a little too late in life!
@michaeldonley7741
@michaeldonley7741 4 жыл бұрын
Nice detailed video, keep up the good work
@iam_dsm7904
@iam_dsm7904 5 жыл бұрын
Thank you this so much this video is very helpful! Keep the grind.
@missbehelpful
@missbehelpful 5 жыл бұрын
You're welcome! Thanks for watching and commenting!
@TweetCollins
@TweetCollins 8 жыл бұрын
Thank you:) Im going to tryi it and keep you posted!
@missbehelpful
@missbehelpful 8 жыл бұрын
+tlhobbs87 Yes! Come back and tell us what happens!
@briethecandlereviewer4291
@briethecandlereviewer4291 4 жыл бұрын
Great video!!!!
@jeffersonsteelflex1812
@jeffersonsteelflex1812 6 жыл бұрын
I love you your very helpful. I didn't have much family figures growing up to teach these things.
@missbehelpful
@missbehelpful 6 жыл бұрын
Glad you found it helpful! Thanks!
@carolinahinds5910
@carolinahinds5910 4 жыл бұрын
Great video, she is so right people.
@precioussmith4666
@precioussmith4666 5 жыл бұрын
Great video and I love the information. I put the 10% utilization into use, and in two months I got a raise of 42 points in my credit score thanks alot.
@missbehelpful
@missbehelpful 5 жыл бұрын
Amazing! You're welcome! Thanks for watching and commenting!
@flawlessfluidity7771
@flawlessfluidity7771 5 жыл бұрын
Great information! Thanks Chica 🤗
@missbehelpful
@missbehelpful 5 жыл бұрын
You're welcome! Thanks for watching and commenting!
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