I don't think you have to worry about utilization as long as it doesn't stay high for too long. I spent 80% of a 500 dollar limit on one purchase and then paid my card off in full immediately and my score was not affected
but if I understand right, it sounds like it's better to pay that down immediately, but not to zero-- to between 1 to 9 percent. then pay that 9 percent on the statement due date to maximize utilization.
Quick question :If I pay my credit card bill in full each month by the due date and the credit bureau shows a utilization of 0%,is that a good thing for increasing credit ? Or should I leave a balance on the card after the due date and closing date ?Which one will be more beneficial to increasing credit ?
Aronana Barnett It doesn’t have an effect on your score at all. So it’s up to you when to pay it as long as you’re not above 10% but it doesn’t make sense to pay after the due date because then they’ll charge you interest. So pay before the due date always and never pay interest!
MissBehelpful I always followed your video channels most esp. went there's a new. I have a question how come I paid off in full my balance my four secured credit cards so my utilization 0% then why my score is decreased of - 37% transUnion and 32% Equifax and I dont know to experian? I'm so sad :(, I thought I'm gaining big and more points to my credit scores.
My suggestion is to leave a small balance on the card (10%) until after the closing date for credit reporting, and then pay it off before the due date to avoid interest.. When other creditors see a zero balance every month, you are not using your credit and it may affect getting a new line of credit.
Credit is a mystery your rewarded for a 0% utilization ( you get to keep your current score if you stay under 30% utilization) then your punish for having a utilization over thirty percent (meaning) your score drops
Good to know that Credit Utilization helps by 30%, it gives me hope. Definitely agree that Time is the answer to fix bad credit. Thanks for all the helpful credit info your really teaching me a lot!
Miss be helpful I have a question I am a single member LLC my LLC has great credit for on-time payments and lengths of History now my personal credit it's not so good I just started rebuilding three months ago with a secured card my question is can I somehow piggyback off my LLC and get all that good history and good payments to show up on my personal credit?
My credit score went down 30 points because I used 60% of my credit line. I payed off the amount before my closing day but my payment didn't go thru until the following day my cycle had closed. So if you're going to use more than 9% of your credit line make sure you pay it off or bring back to 1%-9% a week before and that will give your payment enough time to go thru. Thanks Yaneli for the time, effort and information you share with us.
You have to write letters to the credit bureaus asking them to remove them. But they may or may not actually do it. Only way they will remove for sure 100% is if the inquiry was fraud.
I have a question about collections. Im currently one payment away from paying off a collection debt settlement. I could have let it “roll off” but I’m looking to purchase a home in the near future. When it is finally paid, will it negatively affect my credit score?
MissBeHelpful well I know nothing about insurance other than I need car insurance and health but there’s so many other kinds it makes my head spin. And what are high deductibles? And what’s life insurance?
Where can I Chk my credit score? I paid off my 2 credit card from JC and Macy. But I was thinking of applying Discover card💳 for my everyday thing. I’m so confused in which to have??? Master? Visa? Discover? Please help
I filed bankruptcy 6 years ago, almost to the day, and had a perfect payment history right up until the bankruptcy. I was even on time on all my payments the day my bankruptcy was discharged. After the bankruptcy it took 4 years to get approved for another credit card, thank you capital one, to start rebuilding. When I finally got approved I had a 537 score on Trans Union. I now have 2 years of perfect payment history and a Trans Union score of 693 but I still get denied a lot of the time for "derogatory public records or collections" and "recent missed or late payments" listed as the reasons. My score hasn't really gone up in about a year so it seems like bankruptcy really hurts your score no matter how long ago it was. It's also interesting that I have 100% payments made on time but am still denied for recently being late or missing a payment. I think they must count bankruptcy as a missed or late payment.
TheRjmayer Bankruptcy is a bit special. It stays on your credit report for 7 to 10 years depending on if it’s chapter 7 or chapter 13. The negative impact on your credit will become less and less hurtful slowly over time. You need to make sure that the bankruptcy and any items related to it are removed from your reports as soon as you it that 10 year or 7 year mark!
Yes as long as you don't mess up again. And if it was only one time then you should call and ask them to wipe it as it was only a one time thing and won't happen again.
In April 2017 i started with a 524 credit score. Now this April 2018 i have a 691 credit score. By just paying my balance in full. And every month it goes up a lot !
Maybe you can touch on this, when would you add an additional credit card? I opened a new chase card 2 months ago, when could I apply for a new one? Thank you!
Cristian Henriquez depends on your preference - I’d say only open a new card if you need more credit or you want the perks but make sure it’s never within 6 months of you applying for something else. To be extra safe - wait a year.
@MissBeHelpful I always followed your video channels most esp. went there's a new. I have a question how come I paid off in full my balance my four secured credit cards so my utilization 0% then why my score is decreased of - 37% transUnion and 32% Equifax and I dont know to experian? I'm so sad :(, I thought I'm gaining big and more points to my credit scores because I'm 0% of my utilization. Btw I'm fixing my credit.
Nothing cures bad credit like time.. Good practices.. And discipline! Preach on my sister! ✌🏿
Kevin Francis You RIGHT!!
I don't think you have to worry about utilization as long as it doesn't stay high for too long. I spent 80% of a 500 dollar limit on one purchase and then paid my card off in full immediately and my score was not affected
Calvin Francis this is true. I have a video about it - pay down before statement closing date and you’ll be alright!
but if I understand right, it sounds like it's better to pay that down immediately, but not to zero-- to between 1 to 9 percent. then pay that 9 percent on the statement due date to maximize utilization.
If the balance is paid down before the billing cycle ends , then it won't affect your score.
Nice video girl! A credit score was like a big mystery years ago, and now we know exactly what makes it up! Thanksss :D
Quick question :If I pay my credit card bill in full each month by the due date and the credit bureau shows a utilization of 0%,is that a good thing for increasing credit ? Or should I leave a balance on the card after the due date and closing date ?Which one will be more beneficial to increasing credit ?
Aronana Barnett It doesn’t have an effect on your score at all. So it’s up to you when to pay it as long as you’re not above 10% but it doesn’t make sense to pay after the due date because then they’ll charge you interest. So pay before the due date always and never pay interest!
MissBehelpful I always followed your video channels most esp. went there's a new. I have a question how come I paid off in full my balance my four secured credit cards so my utilization 0% then why my score is decreased of - 37% transUnion and 32% Equifax and I dont know to experian? I'm so sad :(, I thought I'm gaining big and more points to my credit scores.
My suggestion is to leave a small balance on the card (10%) until after the closing date for credit reporting, and then pay it off before the due date to avoid interest.. When other creditors see a zero balance every month, you are not using your credit and it may affect getting a new line of credit.
Thank you heavymechanic2!
Hello, it took me four years! I"m well above the 700 mark on all three credit bureaus...
Nice
Credit is a mystery your rewarded for a 0% utilization ( you get to keep your current score if you stay under 30% utilization) then your punish for having a utilization over thirty percent (meaning) your score drops
Thank you in a couple of days watching your videos my score has improved from 524 to 650
Ricky campos WOW!!! You GO!!!
Ricky campos boy STOP lying
If heaven had a face 😯 it would definitely be her face ❤️❤️❤️ so freaking beautiful ❤️❤️
Good to know that Credit Utilization helps by 30%, it gives me hope. Definitely agree that Time is the answer to fix bad credit. Thanks for all the helpful credit info your really teaching me a lot!
Miss be helpful I have a question I am a single member LLC my LLC has great credit for on-time payments and lengths of History now my personal credit it's not so good I just started rebuilding three months ago with a secured card my question is can I somehow piggyback off my LLC and get all that good history and good payments to show up on my personal credit?
Thanks you!🙏🏾👍🏾
Cliff Peters You’re welcome! Thanks for watching and commenting!
Thank you for the knowledge on credit
Needed this !!
YESSSS Glad it was perfect timing!
Great information ℹ️ ❤
thank you please never delete ur channel I need this for life
My credit score went down 30 points because I used 60% of my credit line. I payed off the amount before my closing day but my payment didn't go thru until the following day my cycle had closed. So if you're going to use more than 9% of your credit line make sure you pay it off or bring back to 1%-9% a week before and that will give your payment enough time to go thru. Thanks Yaneli for the time, effort and information you share with us.
You're welcome!
How do i remove inquiries
You have to write letters to the credit bureaus asking them to remove them. But they may or may not actually do it. Only way they will remove for sure 100% is if the inquiry was fraud.
I have a question about collections. Im currently one payment away from paying off a collection debt settlement. I could have let it “roll off” but I’m looking to purchase a home in the near future. When it is finally paid, will it negatively affect my credit score?
what's really making my scores to stay above the 700 mark, are those darn 15 inquiries that are on my Equifax report? I want to get to 780?
What an intelligent young lady! You explain so well and break it down in terms like I understand for the first time! Thank you
True we must be responsible with credit cards 💳 that’s very important because that can hurt or help our score
Exactly - all about how you use it!
Can you do a video about insurance?
Natalie Garcia hmm what type of insurance?
MissBeHelpful well I know nothing about insurance other than I need car insurance and health but there’s so many other kinds it makes my head spin. And what are high deductibles? And what’s life insurance?
Where can I Chk my credit score? I paid off my 2 credit card from JC and Macy. But I was thinking of applying Discover card💳 for my everyday thing. I’m so confused in which to have??? Master? Visa? Discover? Please help
The network doesn't really matter (VISA, Mastercard) it will say on the front of your credit card. You can check annualcreditreport.com
Do you give one on one help ?
VeezyOnTheBeat yes I do! Email missbehelpful@gmail.com
LoL, probably meant a different kind of one on one.
Hint...it's not basketball
I love all of this great info you are sharing. Thanks so much.
You are so welcome! Thanks for watching :)
Love this video because you breakdown score mathematically .Plus, you highlight Utilization.Two things matter Score % Utilization.. Thank You.
You're welcome!
I filed bankruptcy 6 years ago, almost to the day, and had a perfect payment history right up until the bankruptcy. I was even on time on all my payments the day my bankruptcy was discharged. After the bankruptcy it took 4 years to get approved for another credit card, thank you capital one, to start rebuilding. When I finally got approved I had a 537 score on Trans Union. I now have 2 years of perfect payment history and a Trans Union score of 693 but I still get denied a lot of the time for "derogatory public records or collections" and "recent missed or late payments" listed as the reasons. My score hasn't really gone up in about a year so it seems like bankruptcy really hurts your score no matter how long ago it was. It's also interesting that I have 100% payments made on time but am still denied for recently being late or missing a payment. I think they must count bankruptcy as a missed or late payment.
TheRjmayer Bankruptcy is a bit special. It stays on your credit report for 7 to 10 years depending on if it’s chapter 7 or chapter 13. The negative impact on your credit will become less and less hurtful slowly over time. You need to make sure that the bankruptcy and any items related to it are removed from your reports as soon as you it that 10 year or 7 year mark!
your the best and a life saver and ur pretty
So sis your saying that if i mess up ome time but i pay my payments on time my credits still goes up?? If that's the case then im good
Yes as long as you don't mess up again. And if it was only one time then you should call and ask them to wipe it as it was only a one time thing and won't happen again.
Great information
2 SiK Records thanks! Glad it was helpful
In April 2017 i started with a 524 credit score. Now this April 2018 i have a 691 credit score. By just paying my balance in full. And every month it goes up a lot !
Viktor Vaughn WHAAAT!? That’s amazing!!!
MissBeHelpful Thank you for your tips/knowledge. You are appreciated. 💜
Great video ✌
Thanks!
ThNk you !
Maybe you can touch on this, when would you add an additional credit card? I opened a new chase card 2 months ago, when could I apply for a new one? Thank you!
If that's your only card, get them now while your AAOA is low. As your credit history matures maybe add one account every 4 to 6 months.
Cristian Henriquez depends on your preference - I’d say only open a new card if you need more credit or you want the perks but make sure it’s never within 6 months of you applying for something else. To be extra safe - wait a year.
U made years of credit clear ❤
Yesss that's the goal!!! Clarity!!!
Thanks for sharing! Good tips.
You're welcome!
Great thank you
You're welcome!
👍👍👍
Thanks for the comment!
Thank You 😊
You're welcome!
@MissBeHelpful I always followed your video channels most esp. went there's a new. I have a question how come I paid off in full my balance my four secured credit cards so my utilization 0% then why my score is decreased of - 37% transUnion and 32% Equifax and I dont know to experian? I'm so sad :(, I thought I'm gaining big and more points to my credit scores because I'm 0% of my utilization. Btw I'm fixing my credit.
#MissBeHelpfulLife🇺🇸
I disagree with the utilization position because if your utilization is higher it can indicate to them that they ought to increase your limit.
apieceofmoldedclay they will only increase your limit if your score is good enough.
You can also just call them and ask for a higher limit instead of having high utilization.
Girl yon need a Xanax. Chill, RELAX.
I always come to her channel because of her good looks...lol, well the information is valuable too. Hey, at least Im honest...LBVS...
She’s getto