When to Pay Your Credit Card (800+ Credit Score)

[@robertpayne9009]

Thanks!

[@NaamWynn]

Welcome!🙏🏽

[@MohammadRafiq-kt8nj]

A very nice and informative video specially tips to pay early couple of days before due date as well as credit utilization.

[@NaamWynn]

Glad it was helpful!

[@galato4234]

Thank you for your videos. Could you make a video explaining how to have a good credit profile? Thanks.

[@NaamWynn]

Sure thing!

[@williamwiley6989]

Thanks appreciate for all the great videos that you put out always on point you are changing people's life

[@NaamWynn]

I appreciate that

[@williamwiley6989]

@@NaamWynn My pleasure keep winning and teaching knowledge we appreciate that

[@JOEYALEGRIA]

Hey I love your videos but what about the American Express platinum card when should I pay it before the due day or the statement date?

[@NaamWynn]

Statement dates

[@michaelswami]

Can be said a lot more simply. Pay the credit card balance down to whatever level you desire before the closing date.

[@HeavyDutyCharlie]

Let the man cook. This is a solid breakdown of how to take these steps.

[@michaelswami]

@ his explanation is way more complicated than necessary to get the point across. I simply pointed that out.

[@chrischasehaley8517]

@@michaelswamishut up or don’t watch the video it’s that simple lol.

[@NaamWynn]

Thats the quick summary for sure. Just broke it down further on why it works

[@michaelswami]

@ you do good work sir, in this case I just felt the forest got obscured by the trees.

[@TheGamer-eh2uz]

Well, I've done this, and my score hasn't gone up at all. The only thing it shows in my fyco is. A balance of one or your credit card from $100 to $0 balance..and not even 1 point gone up at all , so I don't know what to do anymore 🙄

[@warrenbrooks7053]

How long have you been following these steps.

[@TheGamer-eh2uz]

@warrenbrooks7053 for more than a month and nothing.

[@NaamWynn]

Double check to make sure all your balances are low on your credit report. It this strategy isn't growing your score, then the other factors are what you need to work on. Like age and diversity.

[@TheGamer-eh2uz]

@@NaamWynn Not all balance are the same , you know how this credit bureau works. 😄 12 account in on 15 on the other one etc.. they're not the same at all .

[@TheGamer-eh2uz]

@@NaamWynn oh one more thing. Today one or more collection was removed and impacted my score - 14 instead of + 14 that's crazy

[@kadhafi21]

I follow these guidelines. But my student loans should be showing paid off but rather it just says $0. How can I get that old loan to show paid

[@NaamWynn]

You need to dispute with the credit bureaus to update the information

[@kadhafi21]

@NaamWynn okay thank you sir. Do you have any videos detailing on how or why all 3 credit companies are not the same?

[@JordanHill-uk3dx]

I just tried contacting my card provider at Capital One requesting to lower my APR and they advised me that’s not possible as it’s in the terms and conditions. Mind you I have the Savor card. Am I missing something?

[@trudypops]

My thoughts are it may depend on the credit card issuer. It is a privilege, not a right. They are not required to do so.

[@JordanHill-uk3dx]

@@trudypops thank you for clarifying and sharing that

[@TheGamer-eh2uz]

Oh, and I've done the multiple payments and nothing.. I can only make 4 payments on a credit card

[@AndThenSome71]

I left 4% of my total limit (last billing cycle) just to see what would happen. All my scores dropped by 8 or more points.

[@NaamWynn]

Based on my datapoints I find it to be similar. That’s why I just it down to 0

[@galato4234]

If you could please tell us when a Charge Off ($1,999) fell off your credit report, what it means? That this disappear and no lender should be able to see it? or do I need to contact the issuer to pay it or make an arrangement to pay? thank you for your response and Happy New Year!

[@michaelswami]

@@galato4234 as soon as you make a payment arrangement, guess what? You just reaffirmed the debt and it can be reported again, crushing you for another 7 years.

[@chrisray7112]

If you have the money to pay your CC after use, just pay it off. Why wait? Or dont use CC at all. I manage my money better without them.

[@denisej2937]

💳 👍🏾