When to Pay Off Your Credit Card and Increase Your Credit Score!

When to pay off your credit card to potentially increase your credit score?
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If you want to potentially increase your credit score, pay down your credit card as far down as you can a couple days before the billing cycle ends. Whatever balance is leftover will most likely be reported to the 3 credit bureaus. Basically your credit usage (utilization) needs to be below 30% of your credit limit each month, so paying down your credit card can accomplish this every single month (especially when you make an extra payment a couple days before the cycle ends and is reported).
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Chapters:
0:00 Intro
0:40 Credit History
1:17 Payment History
2:38 Credit Usage (Utilization)
3:33 Credit Card Basics
5:04 When to Pay Off Credit Card?
#creditscore #creditscoreboost #creditrepair

[@HonestFinance]

Enjoy the video!! Hopefully it makes sense, because It's very hard to easily explain credit usage and how it can affect your credit score.

[@niziangely5469]

Thank you for this channel!

[@pppp67567]

This was extremely helpful, thank you.

[@jayspike3065]

Facts, evertime i pay off balance early, it seems to not register,dont know why

[@princevashishth9831]

you are amazing sir

[@rsign37]

i did thiss and lost 50 points - why?

[@maxinef6654]

Why do you have to start every sentence with basically? It’s not necessary.

[@wilber19541]

Pay cash...F... the credit score

[@tmon3y93]

0 likes bcuz that’s not reality

[@maxinef6654]

@@tmon3y93Well he got one like from me. It’s not that difficult to pay for things with cash. Live within your means. Stop being so quick in buying shit!

[@ryand7713]

If you took eight plus minutes to say "Before the post date, and leave $5 on the card" you wasted everyone's time.