I have a very high Score across all 3 Credit Agencies. I've been playing the "game" for a lot of years. I have also concluded that "they" want you in debt!
Cal, your one of the few in this community, bringing such a high level of content. This is next level, very helpful to understand the wide variety of factors going on behind the scenes.
This was very informative. My take away is 'you're damned if you, you're damned if you don't'. :) I really wish there was one scoring factor for all types of credit vehicles or at lease one for CC, Car loans, mortgage and of course business items.
@@Theprofessionalyou999Agreed to a point. There are other channels that break all of what Cal is saying down, with real data points, so you know how to "Operate," none of this is new. A lack of Sound money principles is all this boils down to. You gotta do some digging and your "own research," salute 😉. Sledge* I like Cal and this channel but there are other people that give the sauce,* this is vanilla. 😆🤔😉 Edit: too, changed to, to. 🤦♂️😆👍
The whole of the algorithm is their intellectual property and their unique marketable product (not to mention that it is continuously being refined, and way more complex than you could decipher and apply to your personal situation). Publishing it would be the same as Coca Cola publishing the Coke recipe. But be comforted by the huge amount of available general information about your score. When I worked at FICO credit scoring was a total mystery to anyone outside the finance industry, if they’d even heard of it at all.
I have two accounts with Capital one the platinum card And the savor one card the platinum card was secured at first It unsecured at 11 months and Four months after went from $200 to $1700 credit limit on The platinum card and started With $1000 credit limit on the Savor one now at $2500 And will continue to use my Savor one card the platinum card Is going in the drawer cause I’m Accepting my pre approval offer For the Amex blue cash everyday Card for 3% on groceries and gas
Cal all your videos are so helpful but this one was exciting because I just tried to leave a small balance to see what it would do and it knocked my score so idk lol I always pay on time and when I do it goes up and I have a 0 balance. Also, this might be a dumb question but I was always taught no question is a dumb question lets say I pay off my credit card the day before my due date tomorrow and I start using it again Friday when the payment clears and I have a 0 balance but my statement ends the 21st if i get it paid off again before the 21st will it report a 0 balance or will it report the amount ii used until the statement ends? Again love all your videos and they help so much
Cal love the content! Have a question! I have a 800 plus score part of that is a student loan that I am paying off for my son. The loan is getting close to being paid off will that hurt my score and what should I do ? Could you steer me to a credit union that pre-qualify without a hard pull?
There was some good stuff here, but I had to pick through a really a lot of useless shit. You would've been far better served to pick out the stuff that was a non-answer which was about 30% of it. edit : I reread my post after Cal replied and realized I sounded Way more critical than I meant to . It was totally worth watching and the cost of the things that had little value were FAR outweighed by the golden tidbits . Watching your other stuff on a binge right now. Ive learned more about credit this evening than I have in the last 5 years . Thank you for posting this stuff Double edit : also liked and subbed :)
I personally went through this. The recency of a bankruptcy will be the first four years. So, the forty eight month clock starts when you file for any chapter of bankruptcy. Do not go by the date. Let's say you filed June 11, 2020. The credit score risk code of BANKRUPTCY TOO RECENT will no longer be a factor when July 2024 comes around.
Great information :-)....... You talk kind of fast though so I need more time to absorb what you've said as you shift from point to point. I'm one of the older listeners. We need more time to process things. LOL
It will take a good 10 years first 5 years will be your dept years up and down learning how the credit score works the next 5 years after that you know to keep it under 5 percent don’t go over 50 percent and don’t apply for new credit cards just ask for a credit increase on your lower cards😏🤝💳💳💳💳💳💳💳💳😎
I’ve never wanted to get more out of a video and yet got so little. You say a lot of words, yet say nothing. It’s like a Magic trick. My time is just gone poof. You left no pauses or transition in between questions. I can’t tell where one ends and another begins.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
I have a very high Score across all 3 Credit Agencies. I've been playing the "game" for a lot of years. I have also concluded that "they" want you in debt!
Cal, your one of the few in this community, bringing such a high level of content. This is next level, very helpful to understand the wide variety of factors going on behind the scenes.
That means a lot to me. Thank you!
Great video. Excellent information. 👏👏👏
Glad it was helpful Samantha
This video had a lot of good information
Nice Work!
This was very informative. My take away is 'you're damned if you, you're damned if you don't'. :) I really wish there was one scoring factor for all types of credit vehicles or at lease one for CC, Car loans, mortgage and of course business items.
What did you get informed of they didn’t answer anything and the way he is reading it is not helping either
@@Theprofessionalyou999Agreed to a point. There are other channels that break all of what Cal is saying down, with real data points, so you know how to "Operate," none of this is new.
A lack of Sound money principles is all this boils down to. You gotta do some digging and your
"own research," salute 😉. Sledge*
I like Cal and this channel but there are other people that give the sauce,* this is vanilla. 😆🤔😉
Edit: too, changed to, to. 🤦♂️😆👍
Great video sir!!
Thank you!
Thank you for sharing this information with us
The entire credit score is a scam.
So no concrete answers all hypothetical
I guess I won’t watch it then just like the 1000’s of the videos on this platform
LOL I was waiting for the real hack of info
Great video my friend. Thank you for sharing your knowledge.
They need to publish the whole of the algorithm cuz this is ridiculous
The whole of the algorithm is their intellectual property and their unique marketable product (not to mention that it is continuously being refined, and way more complex than you could decipher and apply to your personal situation). Publishing it would be the same as Coca Cola publishing the Coke recipe. But be comforted by the huge amount of available general information about your score. When I worked at FICO credit scoring was a total mystery to anyone outside the finance industry, if they’d even heard of it at all.
Thanks for Sharing.
22:09 🎉 Cal, you are a wealth of good information in this genre! Thank you very much for how you always set things straight!
What does it mean when capital one graduate you but don't give you an increase?
I have two accounts with
Capital one the platinum card
And the savor one card the platinum card was secured at first
It unsecured at 11 months and
Four months after went from
$200 to $1700 credit limit on
The platinum card and started
With $1000 credit limit on the
Savor one now at $2500
And will continue to use my
Savor one card the platinum card
Is going in the drawer cause I’m
Accepting my pre approval offer
For the Amex blue cash everyday
Card for 3% on groceries and gas
Cal all your videos are so helpful but this one was exciting because I just tried to leave a small balance to see what it would do and it knocked my score so idk lol I always pay on time and when I do it goes up and I have a 0 balance. Also, this might be a dumb question but I was always taught no question is a dumb question lets say I pay off my credit card the day before my due date tomorrow and I start using it again Friday when the payment clears and I have a 0 balance but my statement ends the 21st if i get it paid off again before the 21st will it report a 0 balance or will it report the amount ii used until the statement ends? Again love all your videos and they help so much
Credit Score sounds like a PONZI scheme.
Cal love the content! Have a question! I have a 800 plus score part of that is a student loan that I am paying off for my son. The loan is getting close to being paid off will that hurt my score and what should I do ?
Could you steer me to a credit union that pre-qualify without a hard pull?
Yes it will I was in similar situation with my daughter my score dropped 11points from 820 to 809
*mortage 2,4 & 5 grade differently 😯
There was some good stuff here, but I had to pick through a really a lot of useless shit. You would've been far better served to pick out the stuff that was a non-answer which was about 30% of it.
edit : I reread my post after Cal replied and realized I sounded Way more critical than I meant to . It was totally worth watching and the cost of the things that had little value were FAR outweighed by the golden tidbits .
Watching your other stuff on a binge right now. Ive learned more about credit this evening than I have in the last 5 years .
Thank you for posting this stuff
Double edit : also liked and subbed :)
Thanks and fair enough.
I personally went through this. The recency of a bankruptcy will be the first four years. So, the forty eight month clock starts when you file for any chapter of bankruptcy. Do not go by the date. Let's say you filed June 11, 2020. The credit score risk code of BANKRUPTCY TOO RECENT will no longer be a factor when July 2024 comes around.
Great information :-)....... You talk kind of fast though so I need more time to absorb what you've said as you shift from point to point. I'm one of the older listeners. We need more time to process things. LOL
You can adjust his speaking speed by adjusting it in your settings (per video).
It will take a good 10 years first 5 years will be your dept years up and down learning how the credit score works the next 5 years after that you know to keep it under 5 percent don’t go over 50 percent and don’t apply for new credit cards just ask for a credit increase on your lower cards😏🤝💳💳💳💳💳💳💳💳😎
Hi 😊❤
Synchrony aka Guitar Center, weighs in lack of real estate 😂
In essence, one must carry debt in order to maintain good credit. I could've made this video on Reels in 20 seconds.😂
Coming with AI, social credit score...
Credit is a scam on the working class to stay in debt.
Clickbait
Bro sound like a robot
I’ve never wanted to get more out of a video and yet got so little. You say a lot of words, yet say nothing. It’s like a Magic trick. My time is just gone poof. You left no pauses or transition in between questions. I can’t tell where one ends and another begins.