Secret Credit Score Hack | Increase Your Credit Score Fast! 2024

[@kingmdluli9048]

Bro why don't just get straight to the point?

[@Quiyum]

he is bulls*iting, thats why

[@GrantTravels23]

​@@Quiyumhe took a selling class. Rule #1 is to filibuster the room until people are so bored that they'll buy anything to get out of there 😆

[@alexisclark2934]

I have the unicorn card,ìt reports as $500 only.

[@EstherHahn-w7x]

What is this haha NEVER heard of it

[@bigcountry3820]

What are the best ways to tackle medical debt and repair your score after it was dropped because of it?

[@GrantTravels23]

Pay it off if it's in the negative. If they offer a payment plan and offer to report that positively, pay about double what they offer each month.

[@JNob15]

So you want to use up to 9% of your credit limit and then pay it all back, at the latest, 2 days before closing date?

[@JNob15]

I commented too early. So now, if you always pay off balances your credit utilization will be 0% and get the 50 points over time? Just making sure I’m grasping this concept. You word it really nice 👍🏼

[@GrantTravels23]

​@@JNob15problem is if u have no balance at all on the reporting date, u dint establish a history cuz they won't report a change. I would recommend finding out your billing day. Say it is the 15th. I would set up a Netflix subscription payment for the 12th. Let that sit there over the bill date and then have your card automatically pay in full the cc off on the 16th. The first month might look bad, but after that the cc is gonna report paid in full on time every month and carrying a credit utilization of $15 of your available $500 limit. That credit line will increase about every 3 months but the key is to leave that card alone and let it continue to be charged $15 and then paid off the full $15 every month. As that credit line increases, your utilization goes down further and further which helps your overall utilization on all credit lines so long as u do relatively the same thing on every card. I would say never use more than 10% of your credit limit ever. So if u have $1000 limit, that card now only has $100 available credit "for u" to use

[@evanovichlongoria2857]

I think You can use whatever amount but 2 days before it's reported it should be at 9%

[@RackRunnerRalph]

I have a 590 credit score and I have 0 card debt I just got a 200 secured card and it’s only my 2 card I’ve ever had do you have any tips for me

[@The_Phill_A_Blunt]

My dad uses a credit card to pay bills and pays it every month but he is complaining his credit doesn’t get better I think he needs to pay it off faster is that right? Or needs to ask for a higher limit because the level is to high of usage

[@shakkkk100]

The credit utilization should be 10 to 5 percent. Ask for a credit limit increase and also pay down any outstanding balance.

[@newbeginnings3603]

Pay down balance before statement closing date. Statement date and due dates are 2 different rates.

[@digitalpotato184]

Would closing a line of credit hurt your credit score?

[@MikeTheCreditGuy]

Yes! Anytime you close an account it can hurt your credit score.

[@digitalpotato184]

@@MikeTheCreditGuy Been watching your videos past few days and I feel like a credit expert already. Thanks man.

[@MikeTheCreditGuy]

@@digitalpotato184 Glad I could help you and thanks for the support fam 🙏🏽

[@ebayaccount675]

Credit Karma doesnt matter? What does then? FICO from experian?

[@Weshoppingforless]

.my guy Mike

[@MikeTheCreditGuy]

🙌🏽

[@Weshoppingforless]

@@MikeTheCreditGuy you teach me alot

[@kelmarie9322]

You are the best... i had no credit cause i never had credit.... i been following and using your advice...and I am in short time frame at 679 .....I wanted to wait till I was past 700 but I just so happy , I couldnt hold it in any longer !! I will let you know soon (finger crossed) when I past 700..Thank You

[@MikeTheCreditGuy]

Hey huge congrats fam! Keep up the hard work and you will be there in due time. It’s crazy how you can truly impact your credit score when you know what to do. Again big congrats fam 🙌🏽

[@kelmarie9322]

@@MikeTheCreditGuy because I actually listen to what you said and you right.. I so appreciate you ...Ty Ty...so glad to be a part of the Fam ...Yes!!!

[@alisonedwards628]

Grateful for the knowledge you have shared with all of us! ❤

[@MikeTheCreditGuy]

Appreciate you fam. Thanks for the kind words 🫶🏽

[@LAKEIA90]

Can you show the otherwise of the picture you told us to screenshot.

[@stephenshelton6083]

Straight Fire 🔥

[@MikeTheCreditGuy]

Thanks fam 🙌🏽

[@theplayernkc]

I just don't get the age of credit part. They look back at 7 years of your payment history. If you have 100% on time payments and zero derogatory marks for the last 7 years, why does age even play into your score?

[@MikeTheCreditGuy]

Think about it like this….its your track record. How long you have been a responsible borrower and paid back on time for. It’s like working somewhere and you did a great job for 7+ years. Same concept. Hope this helps fam 🙏🏽

[@marquetta2017]

After paying off your credit card is it okay to close the account or would that look bad on your credit

[@MikeTheCreditGuy]

That will destroy your credit score. Only use to for something small every 2 months. But if you think it’s best for you. Understand your credit score will eventually rebound. I can’t tell you how long it will take as everyone’s credit profile is different.

[@marquetta2017]

Thank you so much for replying I really do appreciate it😇

[@MikeTheCreditGuy]

@@marquetta2017 you’re welcome fam and thank you also 🙏🏽

[@Shadow_gtag_plays]

Sign 1:53

[@jayfitmorales3129]

Always bringing fire ass sets!! Thank you

[@MikeTheCreditGuy]

You’re welcome and thank you fam 🙌🏽

[@brianville3890]

IS IT A GOOD IDEA TO APPLY TO TWO CREDIT CARDS ON THE SAME DAY???

[@MikeTheCreditGuy]

Simultaneously if possible. So the other bank doesn’t see the inquiry or even better if you apply for a credit card where both banks check opposite credit reporting agencies, like one does transunion and the other does Equifax. Hope this helps fam 🙌🏽

[@quanisharutherford3306]

What if you’re paying the minimum balance but days later, you get charged interests?!

[@MikeTheCreditGuy]

@@quanisharutherford3306 that because you’re still carrying a balance when the statement closing date hits fam.

[@quanisharutherford3306]

I got to the part where you said paying the minimum balance is a trap! 😂😂

[@debimagee550]

You must pay the entire balance in order not to receive interest on your remaining balance.

[@MikeTheCreditGuy]

@@debimagee550Facts, pay off the balance in full and you will not incur any interest fees. If you don’t pay it off in full, you will incur interest fees.

[@williamsantana370]

You have to pay to the balance before the reporting date. It's been times where I got paid on Friday but my bill was due Wed so I paid the minimum balance then Friday morning I paid the remaining balance then I was reported as zero

[@somebb]

I increased my credit score over 100 points into the 700s. I still can't get a loan for a car because of my credit history, not my score

[@rlake13]

Like Mike said, build that relationship with a credit union. Don't give up, I was denied at nevy federal for a car loan but was approved from capital One @8%

[@oklahomafreedom5536]

Plus they look at your income, if you don't have enough coming in, you can't get a auto loan.

[@MikeTheCreditGuy]

Credit Score is a small part, your credit profile needs to be set up properly. The credit profile is what lenders really look at. You can have a 750 and still get declined fam.

[@MikeTheCreditGuy]

@@oklahomafreedom5536That also plays a huge part also fam 💯

[@somebb]

My income is good and I have a lot of money left over. It's my history, a repo, credit cards, inquiries, but they are all older than 4 years.

[@gesnawithstyle5901]

Lets go ,,,,,

[@MikeTheCreditGuy]

🙌🏽

[@007.crackthecase4]

What does it mean to have a thin file for my age? I'm 56😂🤷🏻‍♀️

[@MikeTheCreditGuy]

Means you do not have enough credit, meaning not a good mix of credit or just not much credit at all. Hope this helps fam 🙏🏽

[@kamihargrove8020]

Credit score is great..never had credit cards...what now??

[@GrantTravels23]

U need a mixed credit history. So get a secured credit card that u have to pay like a $200 deposit too and only put like the $15 Netflix subscription on it. Then set the auto pay off to about 4 days after the auto subscription charges that card. Then cut up or throw that card in a drawer never to be seen again. Every month or so get another cc and set up another generic subscription payment on it like KZbin premium and do the same. Once u get a regular, unsecured cc, buy your $50 a week grocery bill on it and go 4 days and pay that hole $50 off each week. Never go above 30% credit line utilization. If u have a $200 credit limit, I would not put more than 10% ($20) on that card and always pay it off in full

[@anitavigil94]

What does pay a trade line mean? Thank you! I appreciate all the great info you provide!

[@MikeTheCreditGuy]

A paid trade line is when you pay someone to add you on to their credit cards as an authorized user for a temporary time period of 30, 60 or 90 days. Hope this helps and your welcome and also thank you fam 🙏🏽

[@stevenburk8821]

❤😊, YOUR the best 👌, and it's not even close, God Bless, yes, !!!

[@MikeTheCreditGuy]

Appreciate the kinds words and thanks you fam 🫶🏽

[@jackfrost99]

I hate that they use your "average credit age" instead of using the "oldest credit age" to determine your credit score. Example: 7 years of credit age and then you get a new credit card then the score drops because your credit average is now 5 years. I don't like the way this system is set up.

[@MikeTheCreditGuy]

I wholeheartedly feel you on that. I’m right under an 800 and it’s the only reason I’m not in the 850 club. Every year I get new credit cards 🤣😂

[@jackfrost99]

@@MikeTheCreditGuy Did you hear about this yet?? Federal Housing Finance Agency (FHFA) announced that VantageScore 4.0 will be required for these mortgages in the future. Fannie Mae and Freddie Mac.

[@jackfrost99]

@@MikeTheCreditGuy Did you hear about this? Federal Housing Finance Agency (FHFA) announced that V@nt@ge Score 4.0 will be required for mortgages in the future.

[@shaynewyatt255]

@@MikeTheCreditGuy the average of 7 and 0 is 3.5 buddy lmao learn math first

[@Shadow_gtag_plays]

Despite beast

[@MikeTheCreditGuy]

DisputeBeast.com/mike

[@goohee22]

Mike always cookin

[@MikeTheCreditGuy]

Appreciate you fam 🙏🏽

[@Grvndchild]

What’s the fastest way to get closed accounts with late payments removed?

[@MikeTheCreditGuy]

That’s a huge waste of time. Remove those accounts and you will destroy your credit score. Anyone that tells you to delete a closed account has no idea what they are talking about. Even if it’s closed and has late payments, it has a lot of positive payment history. Delete it and you will rip that way and destroy your credit score. Attack the late payments instead. Not the entire account fam. Stop listening to whoever told you to do that.

[@ChrisBryant-er1cq]

If I don’t report a $1 balance on one of my cards my utilization goes to 0 Percent and My Scote Will Drop 15 Points Everytime

[@MikeTheCreditGuy]

Where are you looking at your credit scores?

[@tattooguy5586]

That's not true. 0 is actually the best utilization you can show on your profile

[@ChrisBryant-er1cq]

@@MikeTheCreditGuy Experian FICO Score 8

[@joshuacanady5939]

👌🏾

[@MikeTheCreditGuy]

🫶🏽

[@merlinslair1]

I need to talk to this guy

[@qurtxy5529]

Mike. I had a credit score of over 670 and it shot down to under 630 what do I doo?

[@MikeTheCreditGuy]

Fam are you carrying credit card balances? If so, that’s the first thing you can do. Without me seeing your credit reports. There is very little I can say besides that.

[@qurtxy5529]

@@MikeTheCreditGuy yah I had a credit card balance. I’ll make sure not to do that again. Thank you ❤️💪🏼🫡

[@07_nis23]

👌🏻

[@MikeTheCreditGuy]

🙌🏽

[@sam.lozano]

Hey Mike for the discover card does it make a big difference if I deposit 300 or 500 on the it card?😢

[@Orney]

You get a lower utilization percentage with a higher credit limit usually so your score may increase faster with a 500 rather than 300.

[@ineedjesusatalltimes]

My mother paid off her car in full and her credit score went down. Wasn’t it suppose to increase after paying off the remaining balance on her auto loan?

[@austinriley7356]

No because now it’s a closed account. Less accounts = lower score

[@levelupmotorsports2098]

Basic info as always

[@ShaareiZoharDaas]

I had the highest credit one could have without owning real estate and Amex did a company wide audit that adversely affected me. Who can I sue?

[@MikeTheCreditGuy]

Sue for what?

[@tomevers6670]

@@MikeTheCreditGuy sue for being Gay.

[@ruthfurlow5468]

Right. Paying down my debt on a credit card debt dropped our score which was over 800

[@Chrla905]

@Mike the Credit Guy🙌🏽

[@MikeTheCreditGuy]

Appreciate you fam 🙏🏽