In 2020, Raise Your Credit Score Fast! ( Maybe a Perfect 850 ) 

I use the same strategy. More credit but spend the same.

The same here🤣

@John Brandon THAT did not answer my question and Wells Fargo Bank last year PAID a $500 stop payment and that led to my not being able to pay my 3 credit cards and 2 of the negatives are accounts I refused to pay for because both cellular providers could not fix a problem with continual dropped calls or my phone going into data plan for months and I noted a dispute to both those bills on my report. I had very good credit before Wells Fargo screwed me. I was also a victim of their opening an account in your name fiasco. It took 18 months to get my money back from that despite their public lie that everyone had gotten their money back.

i have not heard of this b4 but your score is pretty low still so they might be telling you that successfully having those types of loans would make you look more trustworthy. it is definitely not a requirement that everyone have an auto loan or mortgage b4 they can be approved for multiple credit cards.

@@ProudMoney Thank you for the answer. I am 67 & on social security. I doubt that I will have a house in this lifetime unless I win the lotto or get an inheritance.

George Senda Spam# comment Avoid🥵

@@georgesenda1952 I know that I am 2 years late in replying to you, and I hope that you are moving closer toward your ideal picture of financial freedom. In reference to your question, Capital One does not require that you are a homeowner. In fact, that’s not even on their application. They simply ask: 1) Do you rent or own (or neither) your home? -and- 2) Monthly rent/mortgage payment? I have a Cap1 card and I don’t rent or own. I live with my 73 y/o mother, as she is my caregiver. (I’ve been very sick for the past 2 years and when I have treatment, I require a her assistance. I also lost most of my vision as a result of my illness. I don’t say this for sympathy, I only bring it up to show that if anything, my answer is the worst of the 3 possibilities. LOL. For the foreseeable future, I neither rent nor own.) My answer to each question was this: 1) Neither 2) $0.00. Even with that answer, I was still approved. When I applied for my Cap1 card, my credit was 680. It’s now 750. (It quickly spiked up because I had a 2 negative marks fall off my credit report…it took 7 years, but thank goodness it’s finally off forever.) I just wanted to share this with you because I know the uncertainty and frustration of being in a spot where you’re desperately trying to rebuild your credit but it feels like you’re stuck in a ravine that you can’t get out of. With Capital One, and I don’t mean for this to be taken as insensitive, but they have call centers outside of the USA. Wish they’d bring these jobs back to America, but that’ll sadly never happen. I’ve noticed that my questions can receive completely different answers depending on who I talk to. They may have meant that a mortgage or other types of loans can show a more well-rounded credit picture. While that’s valid, I have a feeling that they didn’t convey it in the correct way. I’d venture to bet that a majority of Capital One customers are not homeowners. Homeownership has been on the decline and is projected to continue to decline for the for foreseeable future. Here’s what I’d recommend, as it’s what I did: Take FULL ADVANTAGE of credit card companies’ pre-qualification & pre-approval tools. They’re a lifesaver and they don’t affect your credit - no negative dings. Capital One, Credit One (for rebuilding only - a secured card is probably better, although I still have this card), Discover, Wells Fargo, Bank of America, Chase, Citi, Petal, Upgrade, American Express, Apple, and if you are a veteran, check out Navy Federal or USAA. Also, check out PenFed - they have great cards and you can do pre-qualification (it’s currently open to everyone right now, so you don’t have to be a government employee.) In the process of rebuilding my credit, When I started to rebuild my credit, I was first approved for a retail store card. Synchrony Bank offers tons of options, as does Comenity Bank. Most are quite easy to get approved for! Google “the shopping cart trick.” With a few steps, you can apply for a retail store credit card and avoid getting a hard credit pull on your credit report. You’ll be more likely to get approved because the credit card issuer won’t see your full credit history with your application. It may be something for you to consider. I’d urge you to read about it. Anyway, I don’t know if you’ll even see my reply to you considering that I’m 2 years late. Wishing you the very best on your credit voyage and the absolute best in life! Hang in there through these tough times of inflation…thanks a lot, Biden…not. 🙄 Galatians 6:9 “And elet us not grow weary of doing good, for in due season we will reap, fif we do not give up.”

Credit Karma isn’t your fico score so there is often a difference between your fico which is what your bank is pulling. I would also ask your bank which of the 3b they are pulling from.

unfortunately credit karma is different from your FICO, which most banks pull from. For example, right now my two scores on credit karma are 726 and 696, but my FICO score is 669. Hope this helps.

Hey, thanks for watching all those videos! If this was the only one you thought was clickbaitey then I must be way ahead of others who make similar videos! 😃 Seriously, though, I try not to be clickbaity, but RU-vid is dog-eat-dog, so that thumbnail matters!

I am going to have to use ask holes in the future, that is a new one to me😀

Oy, you are correct. That will teach me to take a vacation!

MrXRouge return my money

Sounds like you are doing everything right. Do you have older chargeoffs where you never paid off the debt? Those will sit on your credit report for 7 years and even though they diminish in importance over time, you don't really see a bigger boost in your scores until they go away.

@Bianca Dorsey ..having a zero balance doesn't hurt your credit score but it doesn't help it either b/c it looks like you're not using credit. If you want your score to increase more rapidly, use your credit card and be sure to have them at 2-5% utilization before the statement date (which is the date that it reports to the credit bureau). After your statement date passes, pay them off before your due date so that you will not have to pay interest.

@bbanks8071 so the statement date is when they report?

bummer

Discover it is also a good introductory credit card

Great advice discover it is a great and even a great secured card as well can't go wrong with discover it. I also took a chance on citi and got the secured card we will see they are hit and miss I have learned Even if it doesn't graduate real soon I will still be able to barrow my own 500 dollars and build credit with it I think it will work out good. I have raised my score from 565 to 695 in about 2 1/2 months

Thank you for this!

This is my strategy. I’m opening as many no fee lines of credit as possible. Just started building my credit in the past year. I figure in a few years if I open up a new line of credit on say a really useful card or get a new car loan it won’t really affect my credit score.

no matter what the background is, someone tells me it should be different!

you can get it through myfico but you will have to pay, not sure if it is free anywhere.

That is a big question, depends on your credit score and the age of those accounts, have done videos on this in the past.

MC 2 Are they your oldest cards? If you happen to close a card that you don’t like, but it’s one of your oldest accounts. It will damage the AAoA which tanks your credit score.

MC 2 I would say don’t close cards if they are more than 6 months old I went through paid off all my cards and closed all I lost 87 points even though I paid all off. My Amex was closed due to my score dipping ... recently I had a card didn’t like it and I closed it after 5 months it only hurt 2 points

Just my opinion... based on myself and some people I know

@@ryanshae yes they are all over 6months. 😒... My eyes got bigger than my stomach. Thank you

Loonie Toon stop hurting and screwing people 😤

@@imargroomes4990 whaaaaaat?

With FICO score, they continue to be counted towards credit age for ten years if positive and seven years if negative. With VantageScore, closed accounts do not contribute to credit age but still contribute to payment history.

Ideally you keep it under 10% IF you really need those extra points because you are going to be applying for something in the near future. Otherwise, going over 10% is no big deal as long as you are paying off your card each month.

I would pay off things in collectione before anything else.

@@ProudMoney I also have a car loan. Should I pay more than regular monthly amount on car loan to help boost credit score?

Hi!

I am getting over it, was miserable a few days ago.

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We tied after Adam posted his usual post!

First in my ❤