Do THIS For An 800 Credit Score (5 Steps)

Подписаться 166 тыс.

Просмотров 478 тыс.

50% 1

In this video, we’re talking about how to increase your credit score and the best tips on how to build credit to get you up to an 800 credit score! Now there’s a lot to know, so this credit score explained video is meant to serve as a guide to help you raise your credit score using credit cards, loans, or any other type of credit available to you.
So if you’re asking yourself how to improve your credit score, then this information should be useful because we’ll explain the 5 factors such as payment history and credit utilization that affect your score. By managing these factors, you can form the right habits with your credit cards and other credit that will lead you to an 800 credit score over time.
--- 💳 Learn More About The Best Credit Cards: danielbraun.me...
FOLLOW ME on Instagram: / _danbraun
Join The Credit Community Discord: danielbraun.me...
CHECK OUT SOME OF MY OTHER VIDEOS:
5 Lessons Credit Card Beginners NEED To Learn: • 5 Lessons Credit Card ...
Why I’ve Never Asked For A Credit Limit Increase: • Why I’ve Never Asked F...
4 Habits That RUIN Your Credit Score Without Realizing: • 4 Habits That Will RUI...
How to Get APPROVED For ANY Credit Card (3 Steps): • How to Get APPROVED Fo...
The 7 BEST Credit Cards of 2022: • The 7 BEST Credit Card...
What’s In My Wallet for MAX Value (Summer 2022): • What’s In My Wallet fo...
DISCLAIMER: Some of the card links and other products that appear on this website are from companies which Daniel Braun will earn an affiliate commission or referral bonus. Daniel Braun is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.
The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Daniel Braun is not a financial advisor. This video is for entertainment and educational purposes only, it is not financial advice.
More Videos From My Channel: / danielbraunofficial

Опубликовано:

26 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 857

@JK-td4hi Год назад

I’m 31. Have an 820 score. I make six figures. Drive a 10 yr old car. Have a paid off phone. Can afford to live alone but choose to live with my parents (im south Asian so more a cultural thing). It’s hard living within your means with all the temptation around you - especially if you compare yourself to others on social media. But trust me when I say there is no better life than just being debt free & comfortable. I know ppl making 200k+ and are still in loads of debt and have horrible credit, they all live beyond their means.

@Bigapplegirl81 Год назад

💪👏👏👏

@13eerus Год назад

31 still living with your parents is crazy

@RonDaG0at Год назад

@@13eerus I mean you have to see the bigger picture he’s 31 meaning his parents must be as twice older than him meaning he’s taking care of his parents as a good son👌

@mattmurdockthemanwithoutfear Год назад

Stfu you got 420 score and you make 2 figures

@DOMNGUYEN-w8g Год назад

@@13eerus so the parents do not need to make appointment with their children for dinner .

@aishacansler8183 Год назад

You should pay BEFORE the billing cycle ends, the statement closing date. Keep your balances below 10 percent.

@Luxurious.shayyy Год назад

If the statement date is after the due date should be changed?

@GenDominion Год назад

How about pay it right away after i use my card 3days

@dd3v0n1 Год назад

If i use 60 dollars on a credit card, do i just pay that 60 dollars before the cycle ends ?

@dd3v0n1 Год назад

if the limit is 200 , would i have to pay the whole 200 or just the 60

@altstrange3663 Год назад

@@dd3v0n1 the limit is how much you have available, so if you have 200 bucks as the limit you can only use 200. And you only pay what you spent. So if you spent 60 bucks you only have to pay 60 bucks.

@thebudgetinghomemaker3962 2 года назад

I've been paying off my credit card debt this past month and so the lower credit utilization has boosted my credit score over 100 points in 30 days and over 207 points in 30 days.

@MarcIverson 7 месяцев назад

I think it must be because you were carrying a balance for a while, however substantial. I've been paying my cards off early every month and my score hasn't budged for at least a couple of years.

@guitarmusicislife 6 месяцев назад

Wish I was there at 43

@chrislundy7017 Год назад

Agree 2 yrs ago I started with 523 score. Now it’s 758

@donfisher6802 Год назад

Credit scores are bullshit, I had a 800 + score an paid a car loan off 2 years early, It dropped my score 100 points. I've had a mortgage 20 yrs but when I refinanced my credit score showed the time of my new refinance, not the 20 years I paid. The SYSTEM wants you INDEBT , not free of bills. If you owe no one, you are a responsible person but your score will fall.

@LeeLee-ux8gh Год назад

I AGREE!!👏🏾

@derrickgentle7174 8 месяцев назад

After having credit cards for 15 years, started off with 780, dropped to 648 in 2020 and back up to 767, still not bad.

@Tristin471 6 месяцев назад

Not bad, at all!

@doriantrm 5 месяцев назад

How did you start with 780?? I started recently with 680

@totopo5226 5 месяцев назад

@@doriantrmI started with 620 lmao

@TheMFStudios 2 года назад

Ive raised mine like 20 points in the last year and thats too slow. I honestly needed this vid. Good job!

@Daniel_Braun 2 года назад

Thanks so much for watching and glad to hear the video was useful! Best of luck with continuing to raise your score, these steps definitely worked for me!

@arrikoswald3017 8 месяцев назад

Take care of your student loan! Mine exceeds 18yrs and offsets some of my relatively newer accounts. Trust me, it helps.

@streetwork5069 Год назад

I’m totally new with credit,seven months actually and achieved a 695..I’m about to apply for another card..thanks for the tips!

@sharontabor7718 Год назад

Wait a year before applying for another card.

@aldenz776 Год назад

@@sharontabor7718 you don't need to and it's beneficial in the long run to combine your oldest cards together

@ItsMeCJ 2 года назад

There’s no shortcut for step #3 as you said. It’s important to get started early. I didn’t get my first credit card until I was 23 due to listening to terrible advice “credit cards are bad!” Great video as always Daniel.

@David-rz4vc 2 года назад

Credit cards are bad until u use them responsibly.

@docsays 2 года назад

@@David-rz4vc - or they’re good until you use them irresponsibly.

@MikeyRamirezTV 2 года назад

Same with me brotha. I’m 29 and barely got my first credit card last year. I’m on my 2nd one as of 2 months ago with the CFF.. hoping to build that trifecta!

@Daniel_Braun 2 года назад

Absolutely, I never saw the point to a credit card before because I figured why not just use my debit card if the cash was already in my bank account to pay for something? Glad we all got started eventually though, better late than never! Thanks for watching CJ 👍

@ItsMeCJ 2 года назад

@@David-rz4vc very true!

@ykGibzei Год назад

Just got approved for my first intermediate card which is the chase sapphire preferred card with a 5k credit limit. I also have the chase freeedom unlimited which is like my everyday use. I started off with the chase freedom student card and got my credit score to about 750 in 2 years.

@sentinurse 2 года назад

Just broke the 740 wall. My target now is to get past 760. 😊

@aaronjones5049 2 года назад

How did you break the wall?

@Daniel_Braun 2 года назад

Nice, congrats John! 👍 Thanks for watching the video too!

@sickmansgas483 3 месяца назад

If you make payments before the statement, you may not get your points or cash back. The only card I know of that gives you cash back even if you pay before the statement hits is the Apple Card.

@RUSHISHWAR1 2 года назад

When i paid in full my fico score dropped 16 points

@Dividendology 2 года назад

Great tips Daniel!!

@Daniel_Braun 2 года назад

Thanks, appreciate it @Dividendology !

@keyrtan Год назад

Thank you for this help. My bank and mortgage company absolutely killed my credit through an error on their part that they wouldn't fix and I'm still recovering. A couple more years of on-time payments and I'll be back in the 700+ club. (When my bank account ran low the bank recalled my mortgage payment, something they should NOT be able to do, so my on-time mortgage payment suddenly became late. And this happened for a year!)

@jollama 2 года назад

Credit history is why it’s so difficult for most to reach a score of 800+

@Daniel_Braun 2 года назад

Yeah I think a lot of people can get there but the credit history part just takes time. But that's why having a 760 credit score is just as good too in most cases so that those with shorter credit histories can still get the benefits

@MarcIverson 7 месяцев назад

@@Daniel_Braun Perfect payment record but stuck at 755 because I basically shunned credit cards and had no credit record. I only had two credit cards, paid religiously before due every month. Finally decided to get one more .. and I hope that consistent payment on time will help boost me a little higher. Funny how being responsible can make you look like a credit risk!

@charlesashworth9850 7 месяцев назад

@@Daniel_Braun The Problem is that credit history does drop off. I've had a mortgage in my past (25 years ago), but of course, paid off the mortgage and within 6 years they dropped off. So the history actually isnt accurate.

@JakeKoenig 3 месяца назад

@@charlesashworth9850 That's where the revolving accounts come in handy. I have eleven different types of revolving accounts that I keep at a $0 balance and only use one credit card, so I always have under a 1% utilization on around 160k of available credit. That's as good as any mortgage or car loan. I own my house and my vehicles so those don't help my credit anymore, but I have an 807-818 score (depending on the source) with only a 12-year credit history. Credit diversity and revolving utilization are the biggest factors (after the obvious factor of making payments on time). The credit history length isn't a big deal once you get past 5 years.

@superjeffstanton 2 месяца назад

@@charlesashworth9850 that's why credit cards and 30 mortgage payments matter

@timelessmusicfamilymusic9175 Год назад

Since I was young, I have always treated a zero balance as $1,000, the lowest balance. This means my checking account will never go down below that amount. If it does, I won't be penalized by my bank with bounce checks &/or unwanted bank fees.

@rebeccastone8732 Год назад

until your credit card company cancels one of your cards because they coerced you into getting a new card so you stopped using the old one. They tell you it won't affect your score at all, but it did, it dropped it about 70 points immediately. so beware of having many credit cards cause if you don't use them all and keep track of them when they get canceled it affects your score.

@thedufloth 2 года назад

Hey Daniel, love your videos!! Congrats. Could you please consider making a video about how Fico score differs with the Vantage score? Thanks

@Daniel_Braun 2 года назад

Hey Maya, thanks so much for watching my video - glad to hear you're enjoying them! Yeah I can definitely talk about something that like in a future video! The core pieces that make them up are generally the same but weighed differently or looked at in different ways - but this video should be a good guide to an credit scoring model

@thedufloth 2 года назад

@@Daniel_Braun I’ll really appreciate it. 😊 Thanks again Daniel!

@OC2OMAHA Год назад

I have never missed a payment but my score recently dropped about 25pts after getting approved for an Amazon Visa and Store card. That really caught me by surprise because I am great in all other areas like credit utilization, full on time monthly payments, etc. I hope it jumps back up soon because I am looking to purchase a house in Spring of next year. I won't be applying for any new cards. Oh, and I accidentally closed one of my oldest credit cards, which I'm sure didn't help.

@dylanattix2765 Год назад

You'll easily get that back within a year and then some, as long as you follow the steps given in this video. Hard inquiries stay on your report for two years but their impact almost never survives the first year.

@OC2OMAHA Год назад

@@dylanattix2765 good to know. 👍🏾

@DemonicEmbrace Год назад

Same here I applied for a Apple Card and my score dropped about the same. My advice if your looking to finance a car or home don’t apply for anything or do any harm to your credit score 1-2 years before buying anything

@altstrange3663 Год назад

Whenever you apply for something that pulls your credit you will see a drop. My first Credit card dropped my score about 30 something points but it’s built back up within a year. And yeah if you wanna get a car or something try to avoid doing that at the same time as applying for a card or really applying for anything that pulls your credit.

@teesmith7972 Год назад

If you're carrying any balances on your credit cards, make extra payments. When the lower utilization reports that will raise your score. Your score will bounce back ( in a few months)from adding the new card.

@nbailey9391 5 месяцев назад

Good info. For the majority of my life I did not get auto loans, home loans, credit cards because I could pay cash for most things. Now at 46 I have been trying to build my score for the past 3 years. I am stuck at 750-760 with 5 credit cards, 0% utilization because I pay them all off before statement time. I guess only time will tell if I can get to 800 with this strategy. I do not drive so I do not need a car as I travel 99% of the time. I paid off my last car loan in 2005.

@LuisHernandez-nb4qo Год назад

I’m just got me my first two credit cards to months ago and I’ve been using them correctly I got 690 credit score

@C9ve 3 месяца назад

What’s it at now?

@datnohi8612 Год назад

I'm in the 800's I always make sure I have money in the bank to cover what I use on credit cards therefore I always have an income source such as a job...they are a great way to pay down debt and save money at the same time due to the low monthly payment and 0 interest balance transfer offers and reward points or cash back

@C9ve 3 месяца назад

What credit card do u have, if u don’t mind me asking!

@datnohi8612 3 месяца назад

@C9ve I have several, I paid the remaining balance of my home off with the chase freedom card, they did a balance transfer to my bank 10k and I used it towards my mortgage, I'm currently requesting a balance transfer from my Fidelity card to pay down my car currently, this is 0 interest balance transfer but I do get charged a fee

@EW-cq6yv 2 года назад

Another excellent video. One point I would make is that if you’re in the high 700s it’s basically the same as being in the 800s. Lenders tend to look at you the same. Every point you made is valid to achieve a high credit score. Thanks as always!

@Psi-Storm 2 года назад

There is no safe way to get the last 50 points as a young person, the points from average age are not achievable on your own. There are tricks with becoming authorized user of your parents cards and inheriting the age, but if they aren't good at managing credit, they can also tank your score.

@Daniel_Braun 2 года назад

Thanks so much! Yeah agreed, I look at it the same way that high 700s and 800 is the same in terms of the benefits. That's where I've been for the past couple of years so getting above 800 will be mostly a matter of time as my age of credit grows! Thanks again 👍

@MrCbell57 Год назад

What good is having credit if the interest rate is so high you can’t ever use the cards? I take advantage of zero interest offers yet once these expire it’s back to not being able to charge much due to having to pay all the debt back in 30 days to ensure interest doesn’t cost you an arm and a leg. What good is credit if you can’t afford to pay it back instantly? It takes having money to be able to utilize credit in order to just borrow $5000 until next month. If you do t have the money to even pay back $200 what good is being able to borrow $200?

@deatondavid 5 месяцев назад

I finally got my credit score to 680 and it stayed there for a while. Paid off cards off and applied for a card from discover and they gave me $9,000. I was stunned. All that drove my score to 750😊

@BiffcheeseSpinoccoli Год назад

Man. This is GREAT info…when you have a consistent income. When pay fluctuates (or sometimes doesn’t come at all), sometimes the game of juggling begins.

@joehoisington7761 Год назад

I'm in the 790's now after a seven year rebuild to repair two decades of poor choices. Though, if I'm to be honest, most of the rebuild was patiently waiting for my student loan default late payments to disappear. I did use that time to get a couple credit lines in the works and once the late payments dropped in March of this year, my Fico's went from 690 to 785. In the seven months since then I've accumulated almost $30k in credit lines over three cards. The most recent one hasn't posted yet so I'm expecting a temporary drop... but I feel like I'll soon be able to say I've joined the 800-club.

@LlLnig Год назад

Congrats

@cyrilledomaoal410 2 месяца назад

Did you pay off all your student loans before reaching 800 credits?

@k2000kidd1 5 месяцев назад

Took a personal loan to pay down the credit cards with a better rate on the loan and Kept cards below 5% across all three of them. I'm paying on time with the personal loans pushed me to 812. Car loan Installment loans or a mortgage is the secret sauce.

@johnpaulbacon8320 Год назад

Nice video on the topic of Credit Cards and related scores. With myself almost qualifying to be a "Senior" Citizen - being out of school since graduation in 1990 , I would hope there are Classes in school now covering the this topic to help the younger generations more so then my generation or older.

@dennissvitak148 Год назад

I purchased a new car back in April. My credit score was 882. This is the highest that the F&I guy had ever seen. I traded in my Subaru Outback, 2017 model, with the 3.6R engine, and got $27,500 for it. All of it equity. I gave the dealership a cashier's check for $7,700, and paid cash for a new Hyundai Tucson. Gas mileage went from 21 to 33, and I have a new car with a five year bumper to bumper warranty, and with free maintenance. THAT, my friends, is how you get to a credit score of 882. I could easily have afforded a 70k BMW or Lexus..but I CHOOSE to live below my means.

@arkadihughes4893 Год назад

I've spent my whole life up until now avoiding debt and credit at all costs. I'm 26 now and really hitting myself for being scared of debt and not just doing some research on how to use it.

@Herobrine-bk3my Год назад

Spot on! I destroyed my credit when I was 26 back in 2010. I went from a 757 credit score to a 580. Took a lot of research, hard work, and time, but I now have a 828 FICO score. *Top phase resolution* is exactly what you need to do to hit a 800 credit score.

@Herobrine-bk3my Год назад

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

@Herobrine-bk3my Год назад

Those team are top Notch check them out

@arkadihughes4893 Год назад

@@Herobrine-bk3my thank you!

@kamaka07 Год назад

Even tho it'll cost you a few dollars over time consider a card like grow credit and add a monthly subscription to it. Once the balance is paid monthly the payment get reported to all three bureus. Good way for younger people to establish age of credit band raise scores.

@whitehorsethunder3494 Год назад

Thank you 🙏 ❤ for sharing about credit cards 💳 payment 😊

@KevinWu787 2 года назад

Leaving autopay on definitely helps you avoid those late fees.

@zzzddd7 Год назад

I never got Credit education when I was younger. No one helped on explained why....decades later.....Got 1st card almost 3 yrs ago. Missed one payment only, got 2 more cards 9 months and 6 months. Never missed another payment, sometimes pay twice a month on card, got a $500 loan (paid off on time) which lowered the score over a year ago. I'm sitting at 707. CCU at 15%. Focusing on CCU at 10% or under next month.

@tee_andii 2 года назад

I wish I had learned this information the first time the way that you explained it in this video. Excellent explanation!! 👍

@michaelmccusker7265 Год назад

Great video but a few suggestions. First is use a monitoring system like Credit Karma which is free and you can check as often as you want. From this you can find out when your accounts send info to the credit companies. For each account you can find out when the info is reported so you get your account balance as low as possible that day. Second finding someone with great credit that will add you as an authorized user. This is the quickest way to add time to your credit card history as well as lower your utilization.

@lovly2cu725 Год назад

BUT KEEP IN MIND THE SCORES IN CREDIT KARMA ARE NOT THE SAME AS FICO SCORES

@sandraschaefer7456 11 месяцев назад

Nice❤I would say I don't know how I find you on RU-vid, but I know better. My husband and I have been in prayer so that we get our credit scores up and

@sandraschaefer7456 11 месяцев назад

our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to Gl o bal te ch cre di ts olu t i o n ❤ or g .l thank God for this wisdom. Bless you.

@fgc_ngoni615d9 Год назад

This is very useful information, especially coming from a country where using credit cards is not common. It actually taught me discipline lol. I do not want to go on a spending spree and forget about the consequences. thanks a lot.

@deveng7766 Год назад

Excellent video I have almost 8 hundred score but still learned some things today I wasn’t sure of thanks

@ElSmiley1000 Год назад

I find that the more I learn about credit cards and how they work the easier they become to use. Basically just know your salary and only spend what you make and just pay it back when you get paid and you should be fine. It’s when you spend more than what you make where people start to get into trouble. Basically just use a regular credit card as if it was a secured and you’ll be fine

@sandranicolemartinez2824 Год назад

Had to pause this video, while I went and paid off all of my credit cards. I thought leaving a small amount due, helped make me look good. Pffft. Thanks for clearing that up!

@tyhou229 2 года назад

Been enjoying the videos lately. Although I want you to grow your business, a huge part of me coming back is not having to hear “this video is sponsored by…”

@Daniel_Braun 2 года назад

Love to hear that you've been enjoying my videos, thanks so much for watching! Yeah I'll be honest I'm very conscious of trying to avoid that "this video is sponsored by" feeling. I've done a few and will do more in the future because it helps to grow the business like you said - but I appreciate when other channels just offer value more and more so that's what I try to do. I'm breaking down my income in a next video and I'm gonna talk about how other income streams are doing well and I don't spend much money, so I'm able to say no to sponsorships. That being said I have certain companies in mind that I will 100% work with if they reach out to me like Wealthfront, SoFi, etc because I like and use their products myself so I'd talk about them even if they weren't paying me haha. But thanks for watching and supporting my channel because that makes all of my content possible! 👍

@jasoneno808 7 месяцев назад

#3 Become an authorized user on an old card of friend or family. But careful as the balance at the statement end date effects your credit utilization. You want an unused card or one that is paid off in full before the statement end date.

@MarioGonzalez-254 Год назад

I have 3 credit cards with a 16,000 total balance. I came here to see if I should just pay it all off or just pay like 70-80% of it off because I thought I needed to show the credit card companies i still have a small balance. I can pay it all off tomorrow. I just want to make sure what Im doing is going to give me the biggest jump in my scores

@rickybobby9885 Год назад

Pay off your bills in full at the end of every month. Dont carry a balance month to month and have interest charged to your account balances

@jameragivens9655 10 месяцев назад

THANK YOU I immediately implemented

@nathanielpark2471 8 месяцев назад

shout out to all my ladies with bad credit and over achievers trying to hit that high score

@Jordan-sq1oo 2 года назад

You da man dan

@Daniel_Braun 2 года назад

Thanks Jordan, appreciate all of your support here!! 👍

@frankcutronijr Год назад

I liked you mentioning a no annual fee card to keep for a long credit history.

@josephjoby718 11 месяцев назад

I would say I don’t know how I find you on RU-vid, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

@josephjoby718 11 месяцев назад

You can also need to look their name up to see their website

@japrtorres 2 года назад

Great insights. My score just went up again after getting CSP few months ago

@robertclubs9908 Год назад

Awesome information. Thanks

@matt46142 Год назад

My how times have changed. With a 800 credit score you get slapped with fees and with a sub 675 score you get discounted interest rates on mortgages

@MattWelterOfficial 2 года назад

Yeah always ensuring that you pay off your statement balance in full every month is super key, due to how much it can really cause some damage to your credit score. Definitely a good idea as you mentioned to put some systems in place like Autopay, to ensure that you don't miss any payments. Having some credit utilization but also keeping it minimal is also a great way on the path to a 800 Credit Score! Great video as always Daniel!

@maxpowr90 2 года назад

I try to have my CCs all due on the same date to make it easier.

@MattWelterOfficial 2 года назад

@@maxpowr90 That's a great way to do it!

@Daniel_Braun 2 года назад

Thanks Matt, appreciate it! Yeah all good things to consider when it comes to raising a credit score - I know doing all of that has helped me a ton!

@princesskkay221 2 года назад

@@maxpowr90 I set mine all to autopsy so I don’t have to think about it

@davemartinez4143 2 года назад

Every week I check my charges on my cards. I check my balances on my accounts. And I make a payment on my credit cards and charge cards. I don't think I've ever been above a 3% utilization. I have 13 cards two checking accounts and three savings accounts. It takes me less than an hour to do all this. And I'm an old guy that is basically computer illiterate. If I can do it I believe anybody can. Especially you younger people who are very smart and savvy. I don't remember the last time my credit score was below 800.

@chucalissa9231 Год назад

A mouthful 🗣️for sure ,thanks 👍

@mistermyself1128 4 месяца назад

People gwt credit to use it. Ustilize is as you wish. Just make sure to pay it down when you ask for more credit. It doesnt matter when you arent asking for new credit.

@KevinnPOV 2 года назад

great video daniel love the clear explanation, a great refresher to watch 🤙🏼😄

@Daniel_Braun 2 года назад

Thanks @OC Lex ! Always good to have a little refresher haha and hopefully will be a useful video any beginners that watch! Appreciate the support as always 👍

@chafrajayfra32 Год назад

I have older cards but they close them because I haven’t used them which has affected my credit history. I e had credit for thirty years but due to that my history says ten years.

@graysonhill1366 2 года назад

Should I try to reopen an authorized user card if it’s the oldest account I have? I misunderstood how an authorized card works and thought I didn’t have to buy things with it in order to keep the sub account open.

@rndargis0 Год назад

I only have one credit card that I’ve had for over 7 years now that I’ve treated as a debit card. Because my debit card charge you after 10 transactions per months.I’ve always pay in full a few days before they report to the credit bureau.I also have one phone bill that was opened and then closed. I have one score that is maxed out at 790 because I don’t have any mortgage, and the other one that’s in the 800+ because I have a clean history.

@EricLooksLost Год назад

I didn’t know that credit utilization also accounts for maxed out cards lol I had a 750 opened a new CC and a few months later, put my entire Invisalign treatment on it, maxed it out. Dropped my score to 700. But since it’s a new card it has 0% into apr. I’m not paying a dime in interest and it’s almost paid off! All that to say let your good credit work for you!!

@JuanRodriguez-se9hn 2 года назад

Daniel funny enough my new American Express card is due October 21st like the example you used in the video, and that’s my birthday too

@Daniel_Braun 2 года назад

Happy early birthday Juan haha! Funny I just picked that random date - thanks for watching! 👍

@stephancunningham3072 Год назад

I have a delinquency of 60 to 90 days, I paid it off a long time ago, I called the company recently and they took it off for me, but of course it will take 30-45 days, my credit is slowly recovering.

@anthonygardner400 2 года назад

Very solid information for anyone learning the ropes. Nice job! Enjoy your weekend.

@Daniel_Braun 2 года назад

Thanks so much Anthony, appreciate it as always! Yeah back to the basics with this video but definitely good stuff for any beginners out there. Hope you had a great weekend!

@anthonygardner400 2 года назад

@@Daniel_Braun Thanks. I did. Took in my share of football and enjoyed a nice dinner with friends. Hope you did too.

@Daniel_Braun 2 года назад

@@anthonygardner400 Nice! Pretty much same here - Eagles are off to a 4-0 start to the season so I'm happy haha

@anthonygardner400 2 года назад

@@Daniel_Braun Haha. That hasn’t happened often to them. 😉 Vikings are doing ok, but even their wins have been a little shaky. We’ll see how they do as the season moves on.

@Daniel_Braun 2 года назад

@@anthonygardner400 Yeah should be a good season for both of our teams! Eagles need to play some better competition so we'll see. Looking forward to how the year plays out!

@christiebussey1285 7 месяцев назад

@Daniel Braun, Thanks so much for these tips! 🥰 I have one question please, under the catagory Credit Factors ,(Transunion): They are all green/excellent except the one (red) and that states - Total Accounts: 10 needs work/low impact. Why does it need work? Pmt history 100%, Utilization 21%, age over 11yrs, Derogatory Remarks are at 0 and hard inquires 0. Vantage is 6 points shy of 800. Thanks in advance for your response!!

@allofhelena5096 5 месяцев назад

Thank you! Just subscribed and I'm two videos in now :)

@dannymartinez3600 2 месяца назад

I’m between 733-770 depending on agency. But here’e my challange. My credit history is short 1.5 years. I want to add a card but I’m concerned about how much of a ding that will be. Because I’m not only adding a hard pull but also shortening my avg account length. But I guess I should ask to the credit agencies care another difference between a 18 month and 9 months? What’s the maximum credit score hit I’ll take applying??

@jaevonhaywood 2 года назад

Just the other day, my Equifax account dropped by 10 points, and I found out my scorecard loses points after individual card 8.9-10% utilization (985/10000)

@connor_96 2 года назад

You do a great job of balancing the basics with the more advanced strategies - and you deliver both in digestible ways. Great content

@Daniel_Braun 2 года назад

Thanks so much for saying that Connor, I really appreciate it! That's my goal with the videos so it's great to hear that 👍

@Yarmox Год назад

Literally just get a mortgage and pay it off early, it pushes your score up over time. But you have to be consistent.

@chrisv4920 2 года назад

Cool, so because of my new credit cards that my credit age decreased, i learned something new, thanks

@portialewisgray Год назад

- Thank you for these very informative videos, Daniel! I have been working on rebuilding my credit, and trying to figure out how to use and pay my credit cards off to build my score. So I appreciate you for taking the time to explain the best ways to do just that in your videos. You are a gem. #NewSubscriber 💚💚

@dragonfarts4329 Год назад

I have had 1 credit card AMX Business Card for 30 plus years never had a loan or other r cards except a sears card which they canceled because I never used it?/ I have perfect credit with AMX card but ab out a year ago I ask for my credit score and it was ZERO because as I found out they never reported my Bussiness card to the Fico 3 Crime families, so I got a 300 dollar backed card from bank, then after the year I ask AMX for a Personal card, got that and then an Apple card 1000. limit I get 30 pre quilfied ones each week, I feel I have enough cards to deal with, I pay them off most of the time before they add interest!! How can I get the Fico gangs to add my AMX credit history to my FICO score, so I get the credit for being so good?? My short term of Credit seems to be holding me back at 730 to 740 ??? Thanks mark I'm signed up with Experian at the no cost level!! Good or Bad in your opinion, my biggest grip with them is my bank account and my AMX business card are always disconting

@chucalissa9231 Год назад

Dang 691 with T.U./ can't wait to be 700 club

@apaproductions07 16 дней назад

You will get there!! I just did this month 😊

@The_DropTV Год назад

You can spend however much you like just pay beck before due date and or statement closing date and don’t spend more you can’t pay back within that time

@Daniel_Braun Год назад

Exactly, my rule is to treat credit cards like a debit card and only use them if you already have the cash on hand to pay them off on time and in full every single month!

@ProCSRman 4 месяца назад

I’m stuck between 760-780. Every simulator I try only gets me over 800 if I increase my credit limits by 30k.

@AndreChavezfm Год назад

Went from 590 to around 755 at 19 in a year because of my 24 on time payments for my 2 credit cards and 12 on time payments for my car loan

@Herobrine-bk3my Год назад

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

@Herobrine-bk3my Год назад

Those team are top Notch check them out

@Michelle-pn9xt Год назад

19 what?

@AndreChavezfm Год назад

@@Michelle-pn9xt years old

@caithangkuni 2 года назад

Awesome thank you for this 👍

@Daniel_Braun 2 года назад

No problem, thank you so much for watching! 👍

@iwantmoretofu Год назад

that grey shirt is sick. where did you get that

@edwardstrishock8541 Год назад

The last time I had a credit card, I paid the amount off, to get a letter the next month, stating that I was not a valued customer, and they canceled my account

@kristymoore7052 7 месяцев назад

That all sounds fantastic if your life is perfect.

@truthreignsforever9286 Год назад

Daniel Braun for president 2024. Braun over brawn ☝️😎

@Herobrine-bk3my Год назад

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

@truthreignsforever9286 Год назад

@@Herobrine-bk3my thank you 🙏

@KivysAptApprovals Год назад

Great video thank you so much. I will definitely use these tips, along with my documents from Fresh Documents, they boosted my credit like crazyyy lol

@BuckeyeBebko69 Год назад

So to be clear, utilization is NOT total available, it's the utilization of each card?

@TOhara-eb2lp Месяц назад

I have one missed payment with a Home Depot card, that they screwed up and I didn’t miss, but fought tooth and nail, tried to convince them, and still lost and is on the credit report and screwing up my credit score. Platinum Amex, Capital One Venture X, and Chase Reserve, and others trust me enough to give me a card, I’m still in the high 700’s but don’t know how to fix it. I know don’t need the 800’s, but it still pisses me off. What would you do?

@halilibrahimzeren Год назад

continuously helped me like you have. I thank God for your presence in my life. Thanks a lot!!!

@WestsideMas Год назад

Smh see, I was told to leave 30% on my cards instead of paying them off in full. Idk if I just misunderstood or if the guy was intentionally leading me astray, but I'm glad I found this because, it sounds counterintuitive to not just pay the card off if I have the money to.

@AnthonySmith-gx9bs Год назад

I have done all this for a decade and my credit fluctuates from 810 to 795 throughout the year. It is literally is a black box that makes no sense.

@azareligarcia541 Год назад

Hello!!!! I've been watching your videos and they have been extremely helpful... I moved to the US about 1.5 years ago so I had no credit history at all and it was very hard for me to get approved for a credit card, so I end up opening my first credit card in the US at 26, do you have any advice for people like me that had to start later on how to improve your credit score when you didn't have any history? Thank you!

@Rafael-d5e1n 4 месяца назад

Do you recommend to get a credit limit increase and apply for a new credit card around the same time?

@AR-ln7ln Год назад

I've never missed a payment, but it also meant checking all credit cards and their due dates several times a month - a lot of time wasted. I always wondered total credit vs individual cards and their utilization.

@Herobrine-bk3my Год назад

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

@Herobrine-bk3my Год назад

Those team are top Notch check them out

@pulselx6655 6 месяцев назад

Is there any point to canceling old cards you don’t use or should you just keep them since it keeps your credit age longer

@k2000kidd1 5 месяцев назад

Be careful doing this, if you have a decent limit likr 1k to 5k just put netflix or gas station purchases on it and pay it off. They like to factor available credit into the score so obviously the more the better

@kevoo123 Год назад

Hey Daniel! Recently I got a student loan reported on my credit report and it dropped my credit score down by 60pts, a few months have passed and I have only recovered 4 points. I always keep my utilization below 10% so I do not know why it dropped so much. How long do you think it’ll take for it to go back to what it used to be? Thank you!

@jimohare3133 2 года назад

Love the channel. Did you add music? I liked it better without, it's distracting.

@Daniel_Braun 2 года назад

Thanks Jim! And yeah I've always had music but it's been usually pretty quiet in the background. I've been playing around with turning the music up for parts of the videos but maybe I'll stop using it as much so thanks for the feedback!

@MrBosskobe24 Год назад

Good thing that RU-vid has the option of playback speed 🤣 but thank for your information 💪

@danielledickerson9732 Год назад

Great video

@Aj-me8mo 2 года назад

Thanks a lot for these tips! I'm on a mission to improve my credit score but a question I have is I eventually want to have many credit cards like you, you mentioned that you don't use all 10 of them every month so won't those credit cards close since there's no activity on them?

@Daniel_Braun 2 года назад

Thanks for watching Aj, appreciate it! So that's a good point and I didn't really clarify on that in the video. Those 6-7 cards that I don't use regularly on a monthly basis I'll still use from time to time throughout the year so they're not completely inactive. Usually for card that haven't been used for 12 months or more in a rows, then they could be in danger of being closed which should be avoided of course. So for any unused cards, it's good to make sure to use them at least once every 6-12 months or so to keep them active. Even if you just use it to buy a $5 balance to your amazon account because that can work too!