Відео

Pay off balances, debt consolidation or bankruptcy

When is the other way around where the parent has financial problems and opens the card and their kids name so they can even more in debt and then the kid ends up being 18 with jacked up credit.. that's a form of child abuse😢

🫡💯

Awesome video

Uncle June bug 😅. We all have one of those 😅

Basic information, but im glad you're helping people

Correct me if I’m wrong. My children are six or four years old, adding them as authorized users at 18 years old will be better because it’s my credit history that’s important not the AGE that they become authorized users?

Thank you so much for the advice.. I’m on my way to good credit 🎉

Why did you stop making videos? Did you hit you 100k savings goal?

Isn’t the statement date before the due date though?

1) Pay a large down 2) let it report 3) talk funds from large card to pay remaining cards

So explicit 👌🏽👌🏽👌🏽✊🏽✊🏽✊🏽👏🏽👏🏽👏🏽🙏🏾🙏🏾🙏🏾

where can i buy a legit auto primary 50k-100k?

i got a 711 score on my transunion ..im trying to get a 10k limit or better...what card do u think i should apply for first??? or should i buy a tradeline first

Record at a higher volume. I can't hear shit

Exsactly the info I wanted! Thank you

I want to know what bob does to pay 19 k in a month or two.

This my first having a credit card how much money should I spend on my 375.00 dollar credit card to keep my credit utlazttion low

the bill pay date and the closing statement i see 1 date is the 3rd and the statement is the 7th ,what is the important of the gap between the pay date and the statement closing

if you have a balance and they say pay 30%, lest say on $5000 balance that would be $50 -$150 , if i pay 15% on the 5000 balance would that make the Minimum Payments $25-$125🤔

thanks man

I appreciate Money Mels video but I'm frankly concerned that so many people find this enlightening. This is about as basic as breathing oxygen to live. My 17 year old knows about CC billing cycles. Financial education is so inept in the US its no wonder we're in this condition. God help us.

The music kinda killed it bro tbh

your the only person who didn’t over complicate this, you made this more simpler i appreciate it

According to the experian website , there is no fixed method of how, when or even if a credit card company reports to the credit agency.

Great breakdown. Thank you!

Lets say i used more than 30% or 80% when the due date or before i pay it in full

When will it update on credit karma?

Uncle junebug can pay off 20 percent of his usage two days before the report date and then pay the remaining 20 percent on the due date, and it'll boost his credit even more.

Whats the best way to pay it back ...minimum payment or pay it off and use the 30% again ?

Thank you

Great video man final I understood the difference

Bob is a financial fool for being $19K in debt. Follow Dave Ramsey

We need some new content 🗣️🔥

so let’s say I spend 50% and when when it comes time to pay I can pay 30% and leave a 20% balance on my statement?

New subbie here! Thank you for the information!

This is the first video that I have seen where someone has said to pay it by the due date…other videos say so pay it at the closing of the statement, because that is the date that it would be reported to the credit bureaus… so for instance if you have a $500 credit limit and let’s say for this month your closing statement is April 6 and your due date is May 1. The suggestion is to pay it on the closing date which is April 6 now I’m very confused.

Thank you bro

Is there any benefit to having let’s say 1% carry over into the next billing cycle as opposed to having it all paid off every billing cycle?

I am considering doing this for someone and I appreciate your explanation. I might come back and give another comment. Do you have any references for supporting your information, like authoritative web sites or something? No disrespect intended, but I would like more than just "a guy on a UA-cam video said...." I've done a little research, maybe two hours invested in the research, but I haven't found something written by an authoritative source which explains this.

Hey my man, I appreciate the video and what you doing for us credit noobs, I do have a question for you though.. will spending OVER 30% of your credit card/cards usage but paying it ALL off before your bill is due, still hurt your credit, from where you spent over 30% but had it all payed off or even below 30% before your bill is due? Or should you ALWAYS keep your cards under 30% at all times?

What if your balance is $3500 and you paying a bit over the minimum, eg. Due is $165 and I pay about $170 a month? Cause I got other cards to pay.

So i pay before the due date but does it have to be in full all the time? Or can it be spread out in order to get a good credit score? Becuz i spread pay and my credit score is still a dam zero. Im really getting frustrated about this becuz ive been using my credit card the past few months and knowing that it was a waste of time/money im feeling very upset.

Big Ups homie, I appreciate your Input. Shout out to Aunt June. God Bless 🙏🙏🙏

Thank you I plan on helping someone who asked me, some real great info!!!

Hey Mel Jr, I just ordered a Amex since I do a lot of groceries shopping. They gave me a good limit, however, when I did some calculation, I would only use 19% of that card. In the past, when I used my credit card with a very low percentage, my score decreased and when I called Equifax to know what was the reason, they said that's because I don't use enough percentage. Now, I am getting anxious because I barely buy stuff and I don't want the same experience again. Please, what should I do?

I can't hear you!!!!

You mean you got a Amex Centurion card within 5 months.

Ah shi i just spent more than 50% of my card what should i do? Its my first month too