Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
So sad to see how uneducated the general public is about credit and life... this should be taught in schools while they still have a chance to have a clean start, and never make the mistakes before they even know how it all works and then try to fix it all.
@@missminnos Agreed. Fundamentally, the very fact that we need to use words like "trick" when dealing with paths to better credit make a huge statement as to whats really going on with lenders. Its all a scam to keep people DOWN where they are worth more to ALL involved in this sport.
@@fortyfour6626 yup.. and that is why ( in my opinion) the formulas for multiple different models of score calculation is hidden from general public. I may be wrong, but just makes sense.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
My dad has two credit cards and both of them are between 600-620, so I have decided to help him. I currently started learning how credit works and now I understand that it’s very important to have a good credit score in the US. I’m now trying to get a higher limit (currently 500) and teach my dad how we need to get it up.
my fico score is 824 key is stay under 20% of available credit and pay it off each month slowly but surely you will get there...if i can do it anyone can!
Certainly Harrison. Not saying a good credit score will mean you'll be financially successful. What it will do is open the door to financial access to get the money you need and rates you can afford.
I doubt he's "broke" he's simply paying principle and interests payments up the ass that's why he may claim to be broke. He probably has a ton of outstanding credit card balance, and a hefty car payment. His lifestyle is likely financed in other words. If that's the case he should stick to a budget and eliminate unnecessary expenses. His score will continue to be great but he will also have more cash flow at the end of the month to build up a healthy nest egg.
I managed to increase my score 166 points in 10 months by factual disputing, goodwill letters, and pay to delete letters/settlements, and increasing my credit limits and reducing my utilization. I’ve also added utilities, rent, and telecom payments to my credit report.
If they agree to remove the remark after you pay it, have them send you this promise in writing before you send a dime. If they tell you they can not. DO NOT PAY.
there certain verbal things you need to say when contesting credit like (this contract is no longer valid ) (contract does not exist ) that get them to start taking things off.
I had an installment loan of $6000 from bank.. I just paid it off fully last week and my score DECREASED from 630 to 586.. So bloody annoying !! After research, I found out because this was my only debt. I don’t have any creditcards at all. Hate debt!! Now after advice. I got my credit card for $1000 and hopefully this will help. Credit utilization it is !!
I just saw a very ignorant comment he probably doesn't know what am 800 FICO is worth. A FICO of 800 is equivalent to about $100,000 so you know the rest
Nice video!! The dispute method also works but takes months or years before the credit Agency replies, I tried several times only about two was cleared. I used Credit streamers in clearing my collections and he said exactly the same thing about the collectors not having any proof and his method worked and I have been gaining points ever since. Kept working with this repair company for 2 months, gained about 220 points on my credit score with several collections cleared. I believe there are several ways to fix a bad credit.
I tried getting a loan to consolidate my debt. It was difficult but when I explained my math and how I intended to achieve the loan payments I was finally given the opportunity to get the loan, not to mention the excellent credit history I had with my lender. My five year loan will now be paid in three years. I have one more year to go.
What I meant was who is providing it to you. Very likely you're not paying TransUnion to get your score. It's more likely that you're getting it from something like CreditKarma or a free service from a credit card like Discover. That being the case, you're not getting the version of FICO that lenders use but rather the more generous version that virtually no lender or creditor uses. You do realize that are many different versions of FICO, not just one. There are also other credit scores that are not FICO at all, just in the same general range as a FICO score, which can easily be mistaken for a FICO score, and again, which aren't used by any lenders. Those scores get their data from the same three credit bureaus (i.e. TransUnion, etc.) but use very different formulas to come up with a score. A 19-year old is not likely to have a FICO score of 738. Not the real, lender version anyway.
Utilization on balance carried over is the important factor, you can have a 10k limit card and max it out every month, but as long as you pay it before the statement date, it looks like no use at all.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
Plain and simple. And if you only make 35k a year no down payment trying to get approved for a 250k house and u got a car note and medical on your report that's a denial waiting to happen even if your score is 700
Fortunately in most Commonwealth countries pulling your credit score for renting or hiring is not allowed, as you are not GRANTING CREDIT IN LAW. iN THE USA you can't take a pee pee without your credit being checked. That should be changed, especially when so many real estate THIRD PARTIES want access to your credit score. That's even illegal in the USA but businesses try to get away with it. It's actually against Credit Bureau membership rules, but does not seem to be enforced.
My score is currently 580. I have debt in collections from when I went through a a hard time. I recently got 2 credit cards and a secured loan to bring up my score. My score has gone up almost 60 points in 2 months.
@@brandiphillips5775 Oh come on, gina@creditmasterfixxllc seems totally legit, "wink wink". I did the same as you, got a $500 limit card and was at 5 something, 8 months later I'm 6 points from 700.
@@kniteryder6274 l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Let's Talk Money! with Joseph Hogue, CFA Rule number 2 = do not live above your means ! Don't buy rent units you cannot afford to pay for if your renter flakes out on you !
If you own more than $5000.00 like I did, you need to sacrifice things that you enjoy doing for you to increase your credit score 1. Pay your bills on time, twice a month will help you a lot. 2. Stop abusing your credit card 3. Manage your paycheck properly. 4. You can depend on your credit card for important thing that you really need, but not for thing that you don't need. 5. Get a job that pat you more than 45,000.00 My credit score is 804, 770, and 769. It took me 18 months to pay all my credit cards, now I can get a loan over $25,000
Over the past few months i have come to realize that credit can be both a good and bad idea, just try fixing yours and enjoy all the benefits that comes with it. I currently have a credit score of 740 now i look forward to a credit score of a high 800 soon enough.
Consolidating is only an option if the interest rate will be lower than what you are paying for the credit you want to consolidate. Otherwise you are paying the same amount if not more. I'm surprised you did not mention this in your video. This is crucial.
@@aldoogie824 The problem I see is you are still falling into the trap of using and adding credit cards when you apply for a new one. Having a non-cc debt as opposed to all cc debt is a good direction and reflects better on your credit report. It is best to get away from acquiring debt using ccs. Live by the mantra, if you need a CC to pay for something, you probably can't afford it. I am only speaking from my experience.
@@aldoogie824 ... part of your score is length of credit.. if you transfer you are trading the long-standing accounts for a new account and that will make your credit score drop
Yeah I paid off 2 cc and have 2 more to go. Anyway those 2 cc with the 300.00 balances they dropped me becuz of being late which is fine with becuz I was gonna drop them anyway. So now all I have to do is pay them off and it's all good. It may not look good on paper but at the same time those low limit cc are bad for your credit anyway
I made my credit jump up 199 points up in a month from 514 to 713 then to 760 the following month. It’s pretty simple. Just find someone with a high credit card $50,000+ with less than 10% used and have them add you to the card as a user.
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
My Fico Scores: Equifax: 850 TransUnion: 799 Experian: 831. Utilization: 1-2% On the side note: Transunion declined my written request to remove a few hard inquiries.
@@josephhogue Thanks for your response! TransUnion sent me a "generic-looking" response, stating that "all inquiries remain on the credit report for two years. Also that the identity of each company by trade name and contact information is provided.My written authorization may not be required to constitute permissible purpose, so if I believe that an inquiry was made without permissible purpose, I need to contact the creditor directly." Something with this letter doesn't add up to me. A lot of people were successful removing multiple hard inquiries from their credit report. This letter is a "brush-off" type of letter. Unless I'm wrong.
Definitely sounds like a template letter. It might be the one they send out first to see if you send another and then they get serious. By law, they have to investigate any disputes on your report.
@@josephhogue After thinking about this... I'm ashamed to admit that I realized what a dumb mistake I made. I need to send the hard inquiry removal request to the Creditor FIRST...not the Credit Bureau (in this case TransUnion). I sincerely apologize. P.S.: I wish I could be wrong.
800+ hack: Utilization is a huge factor. No matter what your limit, keep it under 20% utilization at all times. Pay it in full by the due date. If you have more than one cc, make sure most of them are at zero balance and rotate using each, ensuring that only one or two have balances each month. Don't rack up those inquiries. You don't need more than two or three credit cards in order to have flexibility and use the above hacks to get and keep your 800+ credit score. By the way the above won't work if you don't have a grip on your spending so be sure to have a budget in place prior. Live simple.
@@elaguiladorada2014 I have a 840 fico score so I know what I'm talking about. Use only 20 percent of the 300 which will be 60.00. Pay in full each month.
@@elaguiladorada2014 the hard thing about this is that the credit bureaus see your highest balance, now that may not be held against you, but it is sent to the credit bureaus. the leskovar risk that you can be where look like to the credit bureaus I would say the better. and for the credit card companies you can still get the same desired result by keeping a 30% utilization at all times yes you are making more payments overallbut you are getting that same result of I'm using it I'm paying it off I'm using it and paying it off
I took $500 and put it in a cd. Then used that cd as collateral for $500 loan. Then took the $500 loan proceeds and put it in a checking account where the bank automatically withdrew the monthly payment for me until the loan was paid off. I did this twice to boost my score but you can do it as many times as needed.
I think he knows that. I think he was comparing a 100% utilization person to a 50% utilization person and how a lower utilization would look to a creditor in general and not specifically whether 50% utilization is objectively good or not.
Great info. I’ve learned from Dave Ramsey to also Not Pay Utilities on Credit Cards because the CC Companies see you as irresponsible of not knowing how to handle your finances. So he recommends you pay those by cash (debit cards, money orders, or cash). Basically you depend on a CC to pay your month to month bills which makes you look bad. That’s including cable and cell phone bills.
Joseph it’s time to update lad, FICO and Vantage score are going to change again. I use Self Credit and it’s slowly building up my score from 640-680 and I paid two collections
Yeah...I was ignorant to pay attention to people who told me to cut up my credit cards and only use budgeted amounts of cash. I did that and my accounts either closed for non use or I cancelled cards. That and one collection agency screw up has me with horrible scores. Starting over at old age sucks. Wish I would have spoken to someone smart who knew the tips to make credit work for me.
This! This is what most debt free gurus don't understand. If you close your accounts or just don't use them, they drop off your credit report. That lowers the 'average age of credit' on your report and destroys your FICO score. Good luck getting a loan or anything after that.
Glad to have found your channel Joe, I was just thinking about consolidating my debt and stumbled across your channel. Just applied with USAA for a personal loan to consolidate some of my credit cards to for a better rate. Keep up the great work!
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882 *...
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882*...
I'm not defending this video in any way at all because it's crap. BUT it's actually a promissory note. You promise to do so much work, I promise to give you a value for your work.
Here's how to pay off your mortgage 10 years early and save a fortune in interest ! Split your monthly mortgage payments into weekly or bi-weekly payments. If you pay your mortgage only once per month it takes many more years to pay it off because you're gouged alot in interest. Paying weekly or bi-weekly reduces the principal amount MUCH FASTER...so the end result is paying off your mortgage way ahead of schedule and saving big bucks in accrued interest!
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
A lot of people facing different challenges with credit scores its either reduced or declined its really terrible. why sometimes people prefer total cash living.
Yes as my wife and I have to resort to. Just paid for 2 acres of land and using cash to slowly build a home. Now I'm playing the credit game to get the lowest score of 0. That's my goal now. That means I will have 0 debt right?! Lol
Say you have a $5,000~ debt with one CC. Open another CC with an intro offer (ie: $300 after spending X in 3 months). Pay yourself the money you need to cover the other credit card with a POS like Square or PayPal Here. The fee for using it is way less than a cash advance. You'll have spent the minimum spend basically transferring your debt to another card and get some "free" money on top of it. That's what I did to get out of debt. I haven't used any of my CCs since.
My biggest barrier to high credit was always length of credit history. Thankfully, I'm now 10 years out of college and have built up my history, so my score finally broke through to the 800s. I've always been sure to keep that oldest card in good standing.
Totally Stefanie. I've always thought the credit scores were a little unfair to younger people, like FICO should have something that calculates credit scores differently by age. You can be great managing your credit and debt but get no love on credit scores if you don't have that length of credit history.
Seeing the credit score from a specific bureau isn't quite as important as seeing the credit report from each. Your score at each of the three bureaus will be about the same, especially if the stuff on each report matches up. Experian is notorious for making it impossible to see your score. Most credit cards that offer a free look at your FICO use TransUnion. I would focus on finding your score from one of the others and getting your credit reports from each.
Let's Talk Money! with Joseph Hogue, CFA thanks .....I know my scores from trans union & Equifax, but Equifax has 2 closed accounts on it both over 5 years, it only allowed me to dispute 1 of them,& the other 1 it said that my information didn't match there's, I'm hoping that they see it's closed & I paid it off back in 2012 .that is what Equifax is showing. trans union has nothing on my report negative..so I'm thinking that's why my score is 685 with them & 585 on Equifax....
Let's Talk Money! with Joseph Hogue, CFA my credit report is good,my score is 685 with trans union & Equifax is 645 ..I have a problem with something..on my trans union report every thing is good, Equifax is showing a car I had bk in 2010 I had repo,but I got it bk & paid the car off..it says the account is closed and paid..it want let me dispute it to take it off my report, it says my information didn't match there's..my question to you is how do get that off my report? again it's not on trans union, but is on Equifax..
3 years ago-425! Now (2019) 600. Up up and going! There’s no “tricks” you have to put in work. I got 8 accounts removed but left 2 of the older ones with lower balances. Opened a secured credit card and kept it under 15% utilization for 6 months, bam 100 point jump! Opened 2 store cards that offer points, gained another 50 points. Now have a credit union account and another new secured card (no jump yet) keep credit inquiries low and be patient
What store cards did you open I need a 50 point jump. Fixing my scores as well I went from a 530 and now 5 points from 700 on one credit report and a 630 and 714 on another it's been about a year been working hard!!
Walmart issued me a new chipped card and closed my old swipe card. This affected my score by 20 points because THEY had closed my first account and issued me a new account. walmart/synchrony bank closed that account and issued me a new one. I disputed which dropped my score more. They said it's not possible but it happened and it took me a month or two to go up but it went up less then the lost points.
@@josephhogue that's what they said when I disputed my credit score drop. The only issue is that I have maybe 3 or 4 accounts and only Wal-Mart/synchrony Bank was the issue then the dispute was the other issue. I religiously monitor my score. Thanks for the great info by the way.
Let's Talk Money! with Joseph Hogue, CFA I like to ask you something bro if you allowed me can i get your contact number if you don’t mind please thank you 😊
Surely there are ways to get collections and charge offs taken off your credit sooner than you think, there are loopholes in every system. Though I did use the services of a programmer and credit analyst called Royson Brandon from Credit Master Fix LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Anyone that says they can fix your credit in less than a few months is a scam. Credit scores are based on long-term credit history and what's on your report. That doesn't change overnight.
Short sale properties (bring cash offers) I'm in the vendor services business selling merchandise at flea markets motorcycle rally's outdoor events cash is king in my business and I have investments in Stash, Lender Club, Seed Invest, Fund Rise etc.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
Actually getting put on someone else’s stuff is not realistic no one wants to do that and most wont ask or have someone to ask so I’m glad he didn’t say to do that
That’s not true. My mom added me as an authorized user on two cards and it increased my credit dramatically. It doesn’t damage her credit and I get the benefits of her impeccable credit history.
I love the info on raising the score but there is a big issue with you scoffing at someone raising their savings to the level where they can pay cash for their car. It's something we should all do.
Definitely think paying cash for a car is achievable. I don't like the advice you get from many that says only pay cash for a house though. Totally unrealistic for most people.
Wow really amazing video, i like that very interesting brother has an 800 credit score... and he's broke. Good credit rating is not always a sign of financial success
Hi Monica Nunez, Gina also helped me pay off the student loan and increase my credit score... You can just go to their website on creditmasterfixllc,com and see things for yourself
Hello Monica, I know student loans can be stubborn, well I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
I wish I could close my Amex Gold card which charges me a fee every year , a fee with perks and services I really do not use. If you'r wondering why did I get it, well I was very young and knew very little about credit cards then. They accepted my request right away and off I went. Now , since I do pay a fee on that card and I've had it for such a long time, it is one of my most used cards and oldest credit history cards. So closing it at this point will most likely hurt me a great deal, but I sure wish I could close it to not have any yearly fees . My credit is excellent as it is, so I don't know if closing it will even matter much to my credit score just my history. Your thoughts/ what woould you do?
Great question and one I struggled with on an American Airlines citi card. In your case, I'd say close it but try to do it at least six months before you'll need to use your credit. Your score should have pretty much rebounded by then. Another option is to call and tell them you're going to cancel unless they waive the fee (might not work every year but should get you at least one year). No reason to pay annual fees to a credit card.
@@josephhogue Yes I think I will eventually be closing it, thanks much . I have other cards just as old as that one so my credit history should be very good still. I've ownd and sold a home plus had a few cars that are fully paid off. Thanks again J.
ABSOLUTELY DO NOT CLOSE YOUR ACCOUNT THAT WILL CHANE THE LENGTH OF YOUR CREDIT HISTORY which is 30% of your FICO Horrible advice I am 34 and have a 813 fico that took me 13 years to get Do not close an account
Hello Jeff, I was sitting near to some woman at my church some time ago when i heard them talking about gina@creditmasterfixllc,com helping them clear their credit debt... and when i asked them if she can help me with my bankruptcy they said yes... And then gave me her email.. believe me after contacting GINA on her email she gave me her direct number which i also texted her on... And after 6 days working with her..... She helped me remove the bankruptcy on my credit
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
As soon as you close your older established credit accounts your score will drop as it decreases your average age of accounts. If there is no annual fee you should leave your revolving accounts open.
@@josephhogue That's what I was thinking. Question is, which is the less of the 2 evils if they both impact your credit score? BTW @3:05, "TranUion"? How long have I been alseep? 😁
I need to try step 1 unfortunately... I ordered my reports and I'm going to do what you said. The account is closed and 6 years old. 🤞🤞 I might have to try step 4.
Hey Joseph great tips on boosting your credit score! Thanks Just came across your channel and like what you are doing so I am a new subscriber and looking forward to seeing more of your content!
Thanks Bob. I'm producing a series on debt payoff exclusively for UA-cam to start mid-June. Really excited to help people with it and what it could mean.
Definitely a tough one. I was able to get a consolidation at 560 and barely squeaked in. Might be able to get approved for a lower amount and shorter-term (usually easier to get). Pay off that first loan and it's easier to get a larger loan for longer even on lower credit.
If utilization is your problem, getting a personal loan to pay off your credit cards definitely works; but do not fall into the temptation of using your credit cards until you build up substantial savings. And when you do, never go above 10% on utilization. Trust me, I am the guy living with the regret of not doing this.
Asking for a credit line increase does help but doesn't it also cause a hard inquiry hit when requesting the increase because they check your current credit reports to decide on the increase you are requesting?
Most credit card issuers will do a soft inquiry for a credit increase (same they do for those pre-approve offers) so it won't hurt your score. You're right, if they do a hard inquiry it can hurt your score a little but not as much as the lower credit utilization helps boost it.
Why would you call your credit card company and tell them they will get paid in a few months if they remove a mark on your credit report? Seems to me that they could care less as long as you are making payments.
Valid question. The idea is to tell them you might not be able to stay on payment if you can't settle some of the debt. They would much rather take a little discount and get cash now than wait and maybe not get it all later.
I have been in my same residence 23 years,I when I requested my credit report I saw an address that I’ve never lived in. After I dispute this will my credit rise?
Absolutely. Credit score and what's on your report is one of the last areas of legal discrimination. From employers to landlords and even insurance companies, all allowed to discriminate based on your score.
I think the disputing legit bad remarks is a hack, not something that's usually recommended by most companies. Might not be anything hugely out of the ordinary but I don't think most people really know what credit repair companies do or that they can do it themselves.
Getting Started Investing? 📺 Must Watch 8 Simple Steps to Start Investing in 2021! 🤑 ua-cam.com/video/oRxz_0s875I/v-deo.html
I cannot locate this information on your blog, the list or the infographic you mentioned...
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
So sad to see how uneducated the general public is about credit and life... this should be taught in schools while they still have a chance to have a clean start, and never make the mistakes before they even know how it all works and then try to fix it all.
Looks like calls for personal finance classes in school are getting louder. Only a matter of time before it's in the system.
@@josephhogue I wonder how much louder the creditors will have to get to keep their high interest rate customers to keep their money flowing..
This is exactly what happened to me. Now I’m trying to rebuild.
@@missminnos Agreed. Fundamentally, the very fact that we need to use words like "trick" when dealing with paths to better credit make a huge statement as to whats really going on with lenders. Its all a scam to keep people DOWN where they are worth more to ALL involved in this sport.
@@fortyfour6626 yup.. and that is why ( in my opinion) the formulas for multiple different models of score calculation is hidden from general public. I may be wrong, but just makes sense.
At 2:50 he actually start talking about the content
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
@@uncletookie9102 its youtube. Get to the point. Lots of self help people on here.
My dad has two credit cards and both of them are between 600-620, so I have decided to help him. I currently started learning how credit works and now I understand that it’s very important to have a good credit score in the US. I’m now trying to get a higher limit (currently 500) and teach my dad how we need to get it up.
my fico score is 824 key is stay under 20% of available credit and pay it off each month slowly but surely you will get there...if i can do it anyone can!
Great credit score! Right on with the debt-ratio, will help improve your FICO and just a good idea to save on interest.
@@josephhogue its an excellent credit score :)
As long as you dont have any negative remark
Wish that was true. I paid my credit card of completely and they took 44 points from me and no one can explain why.
Thanks!!!
My brother has an 800 credit score... and he's broke. Good credit rating is not always a sign of financial success
Certainly Harrison. Not saying a good credit score will mean you'll be financially successful. What it will do is open the door to financial access to get the money you need and rates you can afford.
Magaret Anthony is this legit?
Here's a more complete formula: (Steadily increasing income X Steadily increasing credit score) + Patience + Discipline = Steadily increasing financial freedom.
What does that have to do with this?
I doubt he's "broke" he's simply paying principle and interests payments up the ass that's why he may claim to be broke. He probably has a ton of outstanding credit card balance, and a hefty car payment. His lifestyle is likely financed in other words. If that's the case he should stick to a budget and eliminate unnecessary expenses. His score will continue to be great but he will also have more cash flow at the end of the month to build up a healthy nest egg.
I managed to increase my score 166 points in 10 months by factual disputing, goodwill letters, and pay to delete letters/settlements, and increasing my credit limits and reducing my utilization. I’ve also added utilities, rent, and telecom payments to my credit report.
If they agree to remove the remark after you pay it, have them send you this promise in writing before you send a dime. If they tell you they can not. DO NOT PAY.
there certain verbal things you need to say when contesting credit like (this contract is no longer valid ) (contract does not exist ) that get them to start taking things off.
Athlenticcyber / is real and best.
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
thank God the surgery was successful,all thanks to Usacyberworld at telegram.. you are the best
Athlenticcyber telegram is the best for credit score 💯
I had an installment loan of $6000 from bank.. I just paid it off fully last week and my score DECREASED from 630 to 586..
So bloody annoying !!
After research, I found out because this was my only debt. I don’t have any creditcards at all. Hate debt!!
Now after advice. I got my credit card for $1000 and hopefully this will help. Credit utilization it is !!
I just saw a very ignorant comment he probably doesn't know what am 800 FICO is worth. A FICO of 800 is equivalent to about $100,000 so you know the rest
Nice video!! The dispute method also works but takes months or years before the credit Agency replies, I tried several times only about two was cleared. I used Credit streamers in clearing my collections and he said exactly the same thing about the collectors not having any proof and his method worked and I have been gaining points ever since. Kept working with this repair company for 2 months, gained about 220 points on my credit score with several collections cleared. I believe there are several ways to fix a bad credit.
Please read my posting on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
I tried getting a loan to consolidate my debt. It was difficult but when I explained my math and how I intended to achieve the loan payments I was finally given the opportunity to get the loan, not to mention the excellent credit history I had with my lender. My five year loan will now be paid in three years. I have one more year to go.
After fixing my credit to a FICO score of 820. I'm yet to see much benefit for my sweats.
I’m 19 and my fico is 713. I started only 5 months ago.
Keep the it up. Same with retirement plans. Start young and you can retire young.
Start you OWN business
Who's telling you your score is 713?
@@morpheus6749 TransUnion. It's at 738 now.
What I meant was who is providing it to you. Very likely you're not paying TransUnion to get your score. It's more likely that you're getting it from something like CreditKarma or a free service from a credit card like Discover. That being the case, you're not getting the version of FICO that lenders use but rather the more generous version that virtually no lender or creditor uses. You do realize that are many different versions of FICO, not just one. There are also other credit scores that are not FICO at all, just in the same general range as a FICO score, which can easily be mistaken for a FICO score, and again, which aren't used by any lenders. Those scores get their data from the same three credit bureaus (i.e. TransUnion, etc.) but use very different formulas to come up with a score. A 19-year old is not likely to have a FICO score of 738. Not the real, lender version anyway.
Utilization on balance carried over is the important factor, you can have a 10k limit card and max it out every month, but as long as you pay it before the statement date, it looks like no use at all.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
Credit utilization is the big secret! 🤫
I was able to grow my credit over 800
Please, give me the cyber Hangout ID...is he on Hangout?
Plain and simple.
And if you only make 35k a year no down payment trying to get approved for a 250k house and u got a car note and medical on your report that's a denial waiting to happen even if your score is 700
Please read my posting on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
Fortunately in most Commonwealth countries pulling your credit score for renting or hiring is not allowed, as you are not GRANTING CREDIT IN LAW. iN THE USA you can't take a pee pee without your credit being checked. That should be changed, especially when so many real estate THIRD PARTIES want access to your credit score. That's even illegal in the USA but businesses try to get away with it. It's actually against Credit Bureau membership rules, but does not seem to be enforced.
Dwight St John So true and I hate that inquiries are a bad thing. Makes you not want to apply for anything.
Please read my posting on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
My credit score is bad because of Student loans gotta get them fixed.
Legitspysolutions@yahoocom has been my backbone for years in fixing my credit issues.
consolidated my student loans and score shot up 40 points
No more worries about your low credit score. Contact johncorey102 on Instagram he increase my credit score and clear off my debt !!!
Basketball God when should you start paying off student loans
My score is currently 580. I have debt in collections from when I went through a a hard time. I recently got 2 credit cards and a secured loan to bring up my score. My score has gone up almost 60 points in 2 months.
GINA also helped me
@@oliviajohnson7457 No thanks, I can do it myself.
@@brandiphillips5775 Oh come on, gina@creditmasterfixxllc seems totally legit, "wink wink". I did the same as you, got a $500 limit card and was at 5 something, 8 months later I'm 6 points from 700.
I have 2 credit cards and cannot get an increase on either of them
@@kniteryder6274 l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Complaints can be filed online and not all complaints remove stuff on your credit
Credit hack number 1 pay yo bills on time !
Yeah but that's not always so easy to do.
Let's Talk Money! with Joseph Hogue, CFA Rule number 2 = do not live above your means ! Don't buy rent units you cannot afford to pay for if your renter flakes out on you !
It is pretty easy and if you cannot do it, no other trick is going to help.
If you own more than $5000.00 like I did, you need to sacrifice things that you enjoy doing for you to increase your credit score
1. Pay your bills on time, twice a month will help you a lot.
2. Stop abusing your credit card
3. Manage your paycheck properly.
4. You can depend on your credit card for important thing that you really need, but not for thing that you don't need.
5. Get a job that pat you more than 45,000.00 My credit score is 804, 770, and 769.
It took me 18 months to pay all my credit cards, now I can get a loan over $25,000
Debt company’s are a waste of time,what they can do I can save myself the money and do that myself.dont fall for that guys!!!!!!
Over the past few months i have come to realize that credit can be both a good and bad idea, just try fixing yours and enjoy all the benefits that comes with it. I currently have a credit score of 740 now i look forward to a credit score of a high 800 soon enough.
Absolutely agree Sara. It's not debt that's the bad thing, it's how you use it. Having a good credit score can help in a lot of situations.
Hackers are everywhere, I've gotten ripped once, looking out for a good credit repair specialist
Jorge...where is Berdey located? Im in Massachisetts USA .... I sent an email but no response. Seems like maybe not legit....
Sara I need help with my credit. How did you build your score this high?
Consolidating is only an option if the interest rate will be lower than what you are paying for the credit you want to consolidate. Otherwise you are paying the same amount if not more. I'm surprised you did not mention this in your video. This is crucial.
Ummmm.... credit cards run in the 14-33% range. Surely any debt consolidation loan is less than that.
@@aldoogie824 The problem I see is you are still falling into the trap of using and adding credit cards when you apply for a new one. Having a non-cc debt as opposed to all cc debt is a good direction and reflects better on your credit report. It is best to get away from acquiring debt using ccs. Live by the mantra, if you need a CC to pay for something, you probably can't afford it. I am only speaking from my experience.
How can you get a loan to consolidate your debt when you qualify for one becuz of bad credit. It's just hard to raise the score but easy to lower
@@aldoogie824 ... part of your score is length of credit.. if you transfer you are trading the long-standing accounts for a new account and that will make your credit score drop
Yeah I paid off 2 cc and have 2 more to go. Anyway those 2 cc with the 300.00 balances they dropped me becuz of being late which is fine with becuz I was gonna drop them anyway. So now all I have to do is pay them off and it's all good. It may not look good on paper but at the same time those low limit cc are bad for your credit anyway
I made my credit jump up 199 points up in a month from 514 to 713 then to 760 the following month. It’s pretty simple. Just find someone with a high credit card $50,000+ with less than 10% used and have them add you to the card as a user.
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
This is my first time watching your video, first in want to say OOO Rahh Devil. I'm glad I've found you.
Semper-Fi Kenny. Welcome to the community.
What a successful increase of credit score by athlenticcyber on telegram
My Fico Scores: Equifax: 850 TransUnion: 799 Experian: 831. Utilization: 1-2% On the side note: Transunion declined my written request to remove a few hard inquiries.
Did they provide any reason for why your request was denied?
@@josephhogue Thanks for your response! TransUnion sent me a "generic-looking" response, stating that "all inquiries remain on the credit report for two years. Also that the identity of each company by trade name and contact information is provided.My written authorization may not be required to constitute permissible purpose, so if I believe that an inquiry was made without permissible purpose, I need to contact the creditor directly." Something with this letter doesn't add up to me. A lot of people were successful removing multiple hard inquiries from their credit report. This letter is a "brush-off" type of letter. Unless I'm wrong.
Definitely sounds like a template letter. It might be the one they send out first to see if you send another and then they get serious. By law, they have to investigate any disputes on your report.
@@josephhogue After thinking about this... I'm ashamed to admit that I realized what a dumb mistake I made. I need to send the hard inquiry removal request to the Creditor FIRST...not the Credit Bureau (in this case TransUnion). I sincerely apologize. P.S.: I wish I could be wrong.
800+ hack: Utilization is a huge factor. No matter what your limit, keep it under 20% utilization at all times. Pay it in full by the due date. If you have more than one cc, make sure most of them are at zero balance and rotate using each, ensuring that only one or two have balances each month. Don't rack up those inquiries. You don't need more than two or three credit cards in order to have flexibility and use the above hacks to get and keep your 800+ credit score. By the way the above won't work if you don't have a grip on your spending so be sure to have a budget in place prior. Live simple.
Great credit hacks dj. Should definitely try to pay off credit cards every month but if not possible then under 20% utilization is key.
brooklyn if i starting out with 300 cc would it hurt if I use the 300 usd and pay off completely as soon as i use it?
@@elaguiladorada2014 I have a 840 fico score so I know what I'm talking about. Use only 20 percent of the 300 which will be 60.00. Pay in full each month.
Lisa Patera thanks to Mr Vlahd for helping me increases my credit score as well
@@elaguiladorada2014 the hard thing about this is that the credit bureaus see your highest balance, now that may not be held against you, but it is sent to the credit bureaus. the leskovar risk that you can be where look like to the credit bureaus I would say the better. and for the credit card companies you can still get the same desired result by keeping a 30% utilization at all times yes you are making more payments overallbut you are getting that same result of I'm using it I'm paying it off I'm using it and paying it off
I took $500 and put it in a cd. Then used that cd as collateral for $500 loan. Then took the $500 loan proceeds and put it in a checking account where the bank automatically withdrew the monthly payment for me until the loan was paid off. I did this twice to boost my score but you can do it as many times as needed.
I think politicians should have their credit record pulled too and it must be over 800
I don't think there would be many politicians left.
Lol
Oregon's Lonewolf … haha They couldn't even pass a 'drug test', much less, have an 800 credit score!! That's probably why they're always snockered!!
Athlenticcyber / is real and best.
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
Funny how I managed to do this myself. 2 points. Pay off your bills, don’t buy stuff. It’s all stuff, and when you die your kids won’t want it.
Great information. Good vid!
Ultimatehackweb / telegram is real and best.
This is where my wife messed up... She paid off all her credit cards and then closed the accounts.
if you have a limit of 10,000 and owe 5,000 that's 50% of the balance and over the 30% which makes you a risk. You can only spend
Love the trick for that quick financial boost to credit score. One of the few credit score hacks that works immediately.
I think he knows that. I think he was comparing a 100% utilization person to a 50% utilization person and how a lower utilization would look to a creditor in general and not specifically whether 50% utilization is objectively good or not.
Great info. I’ve learned from Dave Ramsey to also Not Pay Utilities on Credit Cards because the CC Companies see you as irresponsible of not knowing how to handle your finances. So he recommends you pay those by cash (debit cards, money orders, or cash). Basically you depend on a CC to pay your month to month bills which makes you look bad. That’s including cable and cell phone bills.
The main thing is to budget and be able to pay off your credit card every month.
Getting your spouse to work with you on this is essential.
Please read my posting on increasing credit and paying your mortgage off early while saving a fortune in interest.
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
thank God the surgery was successful,all thanks to Usacyberworld at telegram.. you are the best
What a successful increased of credit score by athlenticcyber
Joseph it’s time to update lad, FICO and Vantage score are going to change again.
I use Self Credit and it’s slowly building up my score from 640-680 and I paid two collections
Yeah...I was ignorant to pay attention to people who told me to cut up my credit cards and only use budgeted amounts of cash. I did that and my accounts either closed for non use or I cancelled cards.
That and one collection agency screw up has me with horrible scores. Starting over at old age sucks. Wish I would have spoken to someone smart who knew the tips to make credit work for me.
This! This is what most debt free gurus don't understand. If you close your accounts or just don't use them, they drop off your credit report. That lowers the 'average age of credit' on your report and destroys your FICO score. Good luck getting a loan or anything after that.
he started talking about the 5 credit score hacks at 02:49 Gosh
Thanks lol
1.5x faster in Speed ! You are welcome
thank God the surgery was successful,all thanks to Usacyberworld at telegram.. you are the best
Glad to have found your channel Joe, I was just thinking about consolidating my debt and stumbled across your channel. Just applied with USAA for a personal loan to consolidate some of my credit cards to for a better rate. Keep up the great work!
cash is debt. says so right on the paper "federal reserve note". no paying with cash. one discharges with debt notes.
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882 *...
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882*...
I'm not defending this video in any way at all because it's crap. BUT it's actually a promissory note. You promise to do so much work, I promise to give you a value for your work.
Here's how to pay off your mortgage 10 years early and save a fortune in interest ! Split your monthly mortgage payments into weekly or bi-weekly payments. If you pay your mortgage only once per month it takes many more years to pay it off because you're gouged alot in interest. Paying weekly or bi-weekly reduces the principal amount MUCH FASTER...so the end result is paying off your mortgage way ahead of schedule and saving big bucks in accrued interest!
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Loan for a stick of gum....lol that was funny. Great video!
Thanks. Nobody ever accused me of being a comedian but I try to make credit scores a little less boring.
Ultimatehackweb / telegram is real and best.
Usacyberworld at telegram is so legit and affordable
Well explained, sir
A lot of people facing different challenges with credit scores
its either reduced or declined
its really terrible.
why sometimes people prefer total cash living.
Yes as my wife and I have to resort to. Just paid for 2 acres of land and using cash to slowly build a home. Now I'm playing the credit game to get the lowest score of 0. That's my goal now. That means I will have 0 debt right?! Lol
Say you have a $5,000~ debt with one CC. Open another CC with an intro offer (ie: $300 after spending X in 3 months). Pay yourself the money you need to cover the other credit card with a POS like Square or PayPal Here. The fee for using it is way less than a cash advance. You'll have spent the minimum spend basically transferring your debt to another card and get some "free" money on top of it. That's what I did to get out of debt. I haven't used any of my CCs since.
My biggest barrier to high credit was always length of credit history. Thankfully, I'm now 10 years out of college and have built up my history, so my score finally broke through to the 800s. I've always been sure to keep that oldest card in good standing.
Totally Stefanie. I've always thought the credit scores were a little unfair to younger people, like FICO should have something that calculates credit scores differently by age. You can be great managing your credit and debt but get no love on credit scores if you don't have that length of credit history.
Let's Talk Money! with Joseph Hogue, CFA why is it that I can't see my experian credit score? Or is it one at all...
Seeing the credit score from a specific bureau isn't quite as important as seeing the credit report from each. Your score at each of the three bureaus will be about the same, especially if the stuff on each report matches up. Experian is notorious for making it impossible to see your score. Most credit cards that offer a free look at your FICO use TransUnion. I would focus on finding your score from one of the others and getting your credit reports from each.
Let's Talk Money! with Joseph Hogue, CFA thanks .....I know my scores from trans union & Equifax, but Equifax has 2 closed accounts on it both over 5 years, it only allowed me to dispute 1 of them,& the other 1 it said that my information didn't match there's, I'm hoping that they see it's closed & I paid it off back in 2012 .that is what Equifax is showing. trans union has nothing on my report negative..so I'm thinking that's why my score is 685 with them & 585 on Equifax....
Let's Talk Money! with Joseph Hogue, CFA my credit report is good,my score is 685 with trans union & Equifax is 645 ..I have a problem with something..on my trans union report every thing is good, Equifax is showing a car I had bk in 2010 I had repo,but I got it bk & paid the car off..it says the account is closed and paid..it want let me dispute it to take it off my report, it says my information didn't match there's..my question to you is how do get that off my report? again it's not on trans union, but is on Equifax..
Thank you. You might be in need of similar help I can assure you they can handle it.
3 years ago-425! Now (2019) 600. Up up and going! There’s no “tricks” you have to put in work. I got 8 accounts removed but left 2 of the older ones with lower balances. Opened a secured credit card and kept it under 15% utilization for 6 months, bam 100 point jump! Opened 2 store cards that offer points, gained another 50 points. Now have a credit union account and another new secured card (no jump yet) keep credit inquiries low and be patient
What store cards did you open I need a 50 point jump. Fixing my scores as well I went from a 530 and now 5 points from 700 on one credit report and a 630 and 714 on another it's been about a year been working hard!!
Sura Chambers Walmart and Kohl’s
@@MrHerks okay awesome and thank you so much for you swift reply!!
keep on paying your credit bill on time and never late
765 FICO here
Excellent score. Did you notice rates coming down as your score increased?
Always trust a true, honest Leatherneck... always.
Walmart issued me a new chipped card and closed my old swipe card. This affected my score by 20 points because THEY had closed my first account and issued me a new account. walmart/synchrony bank closed that account and issued me a new one. I disputed which dropped my score more. They said it's not possible but it happened and it took me a month or two to go up but it went up less then the lost points.
Disputing something on your credit score won't drop your score. There might have been something else that hit it at the same time.
@@josephhogue that's what they said when I disputed my credit score drop. The only issue is that I have maybe 3 or 4 accounts and only Wal-Mart/synchrony Bank was the issue then the dispute was the other issue. I religiously monitor my score. Thanks for the great info by the way.
Please read my post on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
I really appreciate the credit knowledge you share.
Smart Man You Are! Thanks Again 😳
Nah, I just lived it trying to increase my credit score. Just trying to help others with it.
Let's Talk Money! with Joseph Hogue, CFA
I like to ask you something bro if you allowed me can i get your contact number if you don’t mind please thank you 😊
Athlenticcyber / is real and best.
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
How do I get charge offs off my credit sooner than they will come off
Hello Daina, eail gina@creditmasterfixllc,com she would help you
Surely there are ways to get collections and charge offs taken off your credit sooner than you think, there are loopholes in every system. Though I did use the services of a programmer and credit analyst called Royson Brandon from Credit Master Fix LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Man! People need their credit fix now! Not YEARS man! I’m just saying . I know how you can fix your credit now!
Anyone that says they can fix your credit in less than a few months is a scam. Credit scores are based on long-term credit history and what's on your report. That doesn't change overnight.
How please tell me the secret......bettter yet what's your fee...
@@josephhogue sir how do I increase my credit score.....
I'm interested. Plz let me know.
@@josephhogue true its long term
I actually did pay cash for my house LOL!
Short sale properties (bring cash offers) I'm in the vendor services business selling merchandise at flea markets motorcycle rally's outdoor events cash is king in my business and I have investments in Stash, Lender Club, Seed Invest, Fund Rise etc.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
Actually getting put on someone else’s stuff is not realistic no one wants to do that and most wont ask or have someone to ask so I’m glad he didn’t say to do that
That's not true, did this with my son who is in college and kept the card to help him.
That’s not true. My mom added me as an authorized user on two cards and it increased my credit dramatically. It doesn’t damage her credit and I get the benefits of her impeccable credit history.
Debt IS bad! But having buying power (good credit) is good!
741 baby !
741 is a solid FICO. Great job!
The 50% utilization is absolutely terrible it should be the highest at 30%and before it gets reported to the credit bureaus 10% or less
Millennial Math agreed.
I love the info on raising the score but there is a big issue with you scoffing at someone raising their savings to the level where they can pay cash for their car. It's something we should all do.
Definitely think paying cash for a car is achievable. I don't like the advice you get from many that says only pay cash for a house though. Totally unrealistic for most people.
Please read my post on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
Wow really amazing video, i like that very interesting brother has an 800 credit score... and he's broke. Good credit rating is not always a sign of financial success
Thanks for the info.
I need help
How about student loans.? That the only thing that hurts my credit.
Hello Monica, email gina@creditmasterfixllc,com she would help you remove the student loan affecting your credit report....
Hi Monica Nunez, Gina also helped me pay off the student loan and increase my credit score... You can just go to their website on creditmasterfixllc,com and see things for yourself
Hello Monica, I know student loans can be stubborn, well I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Thank you
He makes some good points.
I wish I could close my Amex Gold card which charges me a fee every year , a fee with perks and services I really do not use. If you'r wondering why did I get it, well I was very young and knew very little about credit cards then. They accepted my request right away and off I went. Now , since I do pay a fee on that card and I've had it for such a long time, it is one of my most used cards and oldest credit history cards. So closing it at this point will most likely hurt me a great deal, but I sure wish I could close it to not have any yearly fees . My credit is excellent as it is, so I don't know if closing it will even matter much to my credit score just my history. Your thoughts/ what woould you do?
Great question and one I struggled with on an American Airlines citi card. In your case, I'd say close it but try to do it at least six months before you'll need to use your credit. Your score should have pretty much rebounded by then. Another option is to call and tell them you're going to cancel unless they waive the fee (might not work every year but should get you at least one year). No reason to pay annual fees to a credit card.
@@josephhogue Yes I think I will eventually be closing it, thanks much . I have other cards just as old as that one so my credit history should be very good still. I've ownd and sold a home plus had a few cars that are fully paid off. Thanks again J.
ABSOLUTELY DO NOT CLOSE YOUR ACCOUNT
THAT WILL CHANE THE LENGTH OF YOUR CREDIT HISTORY which is 30% of your FICO
Horrible advice
I am 34 and have a 813 fico that took me 13 years to get
Do not close an account
@@newyorkmedicalmarijuana4711 thanks , I'll just continue using it then . Glad you answered on time , was about to do so in a couple of months .
There are so much savings with Amex that your fee can be nothing or next to nothing. Try to down grade it
How do you do it with bankruptcy on your Credit
Hello Jeff, I was sitting near to some woman at my church some time ago when i heard them talking about gina@creditmasterfixllc,com helping them clear their credit debt... and when i asked them if she can help me with my bankruptcy they said yes... And then gave me her email.. believe me after contacting GINA on her email she gave me her direct number which i also texted her on... And after 6 days working with her..... She helped me remove the bankruptcy on my credit
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
As soon as you close your older established credit accounts your score will drop as it decreases your average age of accounts. If there is no annual fee you should leave your revolving accounts open.
Booya correct. It also increases your credit utilization ratio because it decreases your credit available.
Please read my posting on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
@@josephhogue That's what I was thinking. Question is, which is the less of the 2 evils if they both impact your credit score? BTW @3:05, "TranUion"? How long have I been alseep? 😁
I need to try step 1 unfortunately... I ordered my reports and I'm going to do what you said. The account is closed and 6 years old. 🤞🤞 I might have to try step 4.
would my mortgage and car loan also fall under debt to credit utilization?
Generally it's only revolving debt so things like credit card and HELOC
Good advice, which i was aware of. Thxs
Hey Joseph great tips on boosting your credit score! Thanks Just came across your channel and like what you are doing so I am a new subscriber and looking forward to seeing more of your content!
Thanks Bob. I'm producing a series on debt payoff exclusively for UA-cam to start mid-June. Really excited to help people with it and what it could mean.
Good debt can boost your score
Exactly, well making payments regularly on good debt will boost it.
@@josephhogue What is good debt?
@@stevejohnson9788 student loans
I totally agree with everything your saying here! Thank you for sharing. 👏❤️
Always glad to help Johnny. Welcome to the community.
Awesome video here. Just had to subscribe ♡♡
Ultimatehackweb / telegram is real and best.
Ultimatehackweb / telegram is real and best.
Hey Joe, you misspelled the word "union"
This is July 18, 2020
What if our credit score is too low for a personal loan ? To consolidate credit
Definitely a tough one. I was able to get a consolidation at 560 and barely squeaked in. Might be able to get approved for a lower amount and shorter-term (usually easier to get). Pay off that first loan and it's easier to get a larger loan for longer even on lower credit.
If utilization is your problem, getting a personal loan to pay off your credit cards definitely works; but do not fall into the temptation of using your credit cards until you build up substantial savings. And when you do, never go above 10% on utilization. Trust me, I am the guy living with the regret of not doing this.
How can I get my credit karma increased?
By donating money to a church 🙏. This will change your karma from bad to good.
Not sure I understand what you mean. Talking about Credit Karma (the company) or karma for your credit?
thanks you sr for this video i am trying to build my credit and this video help me a lot.
It works
Finally got my car refinanced they gave rate of of 5%
Excellent rate Mike.
If you ask for increase on your credit cards will that be a hard inquiry on your credit?
Usually a soft-pull. It's similar to how the credit card companies pre-approve you for offers.
I need to fix my credit score. 😥
Hello Jaytee, email Gina on gina@creditmasterfix,com she would help you fix your credit score... and you can as well text her directly on 13127012216
Hi Jaytee Gurrero, Gina also helped me... you can just go their website on CREDITMASTERFIX,COM and see things for yourself
Wow... really happy seeing this here...Gina also helped me increase my score
Jaytee Gina is the best credit repair service i know... She helped me remove 6hard inquiries from my credit report
Gina is a scam
Thank you!!
Ultimatehackweb / telegram is real and best.
God bless you, this is awesome information and very inspiring. Thank you very much 😎
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
Funny stuff. If you consolidate you will lower the number of open accounts and your score will be lower.
Asking for a credit line increase does help but doesn't it also cause a hard inquiry hit when requesting the increase because they check your current credit reports to decide on the increase you are requesting?
Most credit card issuers will do a soft inquiry for a credit increase (same they do for those pre-approve offers) so it won't hurt your score. You're right, if they do a hard inquiry it can hurt your score a little but not as much as the lower credit utilization helps boost it.
Credit = Myth.
Donnan Jessie why wouldn’t he charge
Why would you call your credit card company and tell them they will get paid in a few months if they remove a mark on your credit report? Seems to me that they could care less as long as you are making payments.
Valid question. The idea is to tell them you might not be able to stay on payment if you can't settle some of the debt. They would much rather take a little discount and get cash now than wait and maybe not get it all later.
I have been in my same residence 23 years,I when I requested my credit report I saw an address that I’ve never lived in. After I dispute this will my credit rise?
Probably not if it was just a wrong address. Doesn't hurt/help your credit unless there are judgments on the address against you.
I should be judged by the content of my character, not my credit score.
Absolutely. Credit score and what's on your report is one of the last areas of legal discrimination. From employers to landlords and even insurance companies, all allowed to discriminate based on your score.
Thats called "GOVERNMENT MANIPULATION"!!!
Then I’d really be screwed.
Chucky Justice good character pays bills on time
@@tamikabruce7201 Then do it
Thanks for the tricks
I'm at 524 with 3 high remarks could I still build credit with the remarks
@Mellisa Ferdinand actually worked?
@Mellisa Ferdinand help me with that :)
Thank you for the great video
Always glad to help Robert. Thank you for being a part of the community.
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
None of these are "Hacks" though. Lol...he just simply named the basic things that absolutely all credit repair companies do.
I think the disputing legit bad remarks is a hack, not something that's usually recommended by most companies. Might not be anything hugely out of the ordinary but I don't think most people really know what credit repair companies do or that they can do it themselves.
Let's Talk Money! with Joseph Hogue, CFA I do agree that most people dont know what credit repair companies do.
Usacyberworld at telegram is so legit and affordable