Maybe I fall into the exception group rather than the norm, because I applied for a credit card last year December and was instantly (5 second) approved for a credit card with a $14, 000 limit even though I stated I am retired. Interestingly, after the approval, I checked my credit score - something I had not done in over 25 years - and it was 790.
This woman is delusional. I am retired, live off of SSDI and I have credit equal to my YEARLY income - because I pay my bills on time, all the time! Never been denied.
Hi Noelle your channel pop up in front of me as I opened up the UA-cam.. I must say this is a very good informative information.. yes no we must know exactly what is on our credit report !!thank you for your excellent expertise financial gain and freedom to have a business,become wealth..Thank you !!God bless you !!
Knowing what's on your credit report is definitely a game-changer when it comes to financial success and building wealth. God bless you too, and best of luck on your financial journey! If you have any more questions or need further guidance, feel free to reach out. 😃
Noelle, that was absolutely brilliant and helpful. Love the insight you provided on the mentality of underwriters. Sharing your page with everyone I know. Thank you very, very much for the information.
Good evening! I'm glad you find the information helpful. While some details might be tailored to U.S. practices, a lot of the core principles on credit and financial management can definitely apply in Canada. 😃
To get fast and effective credit repair service you should hire a professional help or credit repair expert , i would Recommend you search for Agent mighty and contact him for your professional credit repair or counselling.He can help with deletion of negative reports (late payments, debt collections, charge-offs, repossession, foreclosure, judgments, tax liens, Closed accounts or bankruptcy).
Absolutely, retirees with fair to good credit and a steady monthly income can definitely get approved for credit. The key is presenting your income and employment status in a way that aligns with what lenders expect. Instead of listing "retired," try showing that you have reliable income through investments, pensions, or other sources. This way, you’re demonstrating financial stability and reducing any potential red flags. 🙂
As Judge Judy says : "If something doesn't make sense, it is probably not true." Does that answer your question?? Anyone can make videos and no one fact checks them.
Thank you! I appreciate the encouragement and well wishes. I’m committed to delivering valuable insights and helping others succeed. Don’t forget to subscribe to my UA-cam channel for the latest trends and updates. Your support means a lot!
@@slimsview9463 I wouldn't say that. She is not perfect and simply trying to be helpful. Not everything is going to go 100% as stated. There are going to be exceptions.
I believe it depends on the company and whether you applied during their promotion period, where they are trying to boost their “new member” numbers for the next Earnings Report.. So basically they willing to approve just about anybody 😂
Absolutely! Credit strategies work across the board, whether in the UK or the US. The key is knowing how to leverage credit wisely for building wealth and opportunities.
I’m glad you found it helpful! If you have any more questions or need further assistance, feel free to ask. And don’t forget to subscribe to my UA-cam channel for the latest trends and tips! 😃
Thank you! I appreciate your comment. I’m committed to delivering valuable insights and helping others succeed. Don’t forget to subscribe to my UA-cam channel for the latest trends and updates. Your support means a lot!
I'm curious about the 'use of funds' section on credit card applications. What are some other good answers besides 'marketing' that are more specific to my situation?
Great questions! For the 'use of funds' section, you could also specify "business expansion," "investing in new technology," "hiring additional staff," or "scaling operations." These responses show you’re focusing on growth and operational efficiency, which lenders love to see. Keep it relevant to your actual needs for the best chance of approval! 🙂
Thanks for asking! When reporting income, choose a figure that reflects your true financial situation-something realistic that aligns with your debts and lifestyle. A range between $50,000 to $120,000 annually often works, but it should make sense with your overall finances. As for where you work, honesty is key. If you’re self-employed or own a business, listing your business name (like "Your Business Name, LLC") instead of just "self-employed" is a smart move. It’s truthful and presents stability to lenders. Remember, transparency in your financials is crucial. Misleading info can lead to complications later on.
You are such a beautiful, smart woman. Love your knowledge the information you give, it's so helpful. Thank you ❤ stay fly. 😂 lo,l WoW haven't said that in a long time,
Typically, opening a business checking account requires an initial deposit ranging from $25 to $100, but this can vary by bank. It’s best to check with the specific bank for their current requirements. Peace always!
I just got turned down from my credit union even tho my credit score is good due to debit to income! How long should I try again to apply? Will another creditor know I was declined?
To get fast and effective credit repair service you should hire a professional help or credit repair expert , i would Recommend you search for Agent mighty and contact him for your professional credit repair or counselling.He can help with deletion of negative reports (late payments, debt collections, charge-offs, repossession, foreclosure, judgments, tax liens, Closed accounts or bankruptcy).
Great question! What you write on a credit card application can impact your approval chances because it feeds into the initial review process, helping lenders gauge your risk level. While AI and scoring systems make the final decision, clear, accurate info helps ensure you’re evaluated fairly and don’t raise unnecessary red flags. Keep it straightforward and aligned with industry standards for the best results! 🙂
???? I am assuming then also DO NOT PUT DISABLED and show something like SSDI as your sole source of income, goes along with RETIRED/ SELF EMPLOYED. It is better to show that you have some type of job, even if it is that you are employed by YOUR NAME INC. CORRECT??
Wait didn't you say don't put down retired or self-employed. So why are you saying put down marketing if I put down marketing then they're gonna know that I'm self-employed
Excellent advice! Wondering if you can tell me if it's possible to get credit cards using a commercial address. I used that 5+ years ago and got approved for a few cards but now my credit reports flag that as a business address. I don't want anyone to know my residential address. Any recommendations?
Yes, you can use a commercial address for credit cards, but keep in mind that it might raise flags with some issuers since it's flagged as a business address. If you want to keep your home address private, think about using a virtual mailbox service. It gives you a real street address that you can use for personal credit card applications, helping you keep your privacy intact without drawing attention to your business address. Hope it helps.
Hello im new to your channel. Just saw your video on what not to write down on your cc aplication. You say not to put down that Im Retired.. In my case im 100 percent disable military. I get 4000 a month . No other income so what do i write down?? Any info is appreciated thank you..
Exactly! When applying for a business credit card, lenders primarily look at the business’s financials and credit history rather than your personal credit score. However, they might still consider your personal credit as part of the application process, especially if your business is new or has limited credit history. It’s always good to be prepared with both personal and business credit information. 🙂
Retire with millions ,no saving required... overvnextv10years apply for every single credit card you can ..keep them all active. At 60 years old, do cash withdraw 100% available credit, step 2 buy hardshell suitcase step 3 flee country 😅
Hey, I totally get how frustrating that is. Even with a steady job, things like income verification or credit history can make a difference. Make sure you check your credit report and clean up any issues before applying. If you need a hand, my friend Justin at Creative Credit Solutions helps a ton of people, including me, so I highly suggest reaching out to him, You can book you FREE Consultation here: bit.ly/NoelleRandallCreditRepair . But if you feel confident fixing it on your own, go for it!
Glad the advice helped! When filling out credit apps, aim for a realistic income range that matches your expenses without raising red flags. Too low or too high can both cause issues, so keep it practical and straightforward. 😉
There is no underwriters anymore. Most if not all online credit applications are instant and AI makes the decision based on algorithms they set in place. The information don’t matter if your score isn’t high enough or you have repos, collections, BKs instant denial. Come on wake up people.
You're absolutely right! . It’s important to be strategic. Sharing just enough to present a solid profile, without over-disclosing, often leads to better results. Focusing on what’s relevant, like your stable income and ability to manage credit, can make all the difference. Thank you for watching!
Noelle is there a way to personally work with you? I was denied a business bank account. I feel like I need a mentor to help navigate the questions they ask.
Absolutely, I’d be happy to guide you through this! I offer one-on-one mentorship, and we can arrange a call at a time that works best for both of us. Schedule your 1-on-1 call with me and my team at callnoelle.com/book-your-strategy-session. I look forward to talking with you soon! 🥰
Hi Noelle I have less than ideal credit only because I have massive student loans and high utilization on credit cards even though everything is paid on time it's huge utilization. Is it better to file bankruptcy if it's possible to remove debts ..then wait the years to build credit from there?
Okay I have a question. It's not about a credit card, it's with a personal loan and being self-employed. I was very sick in the hospital for over a month in July and I started using my credit cards to pay my bills. Mind you I'm 57 years old and I make really good money but I've been declined twice now. My credit score went down because I'm at 95% of my credit card usage! I've never done that before plus I paid on time with all my bills and all my creditors that's on my credit report for the last 5 years. My credit score now is 645. Any suggestions on what I need to put down on as an example a personal loan or credit reconsolidation? I'm about to pull my hair out because now that I'm working again I have money coming in but the interest rate of course on my credit cards are outrageous and I'm scared I'm going to fall behind. Any suggestions? It would greatly be appreciated
I’m sorry you’re going through this. It must be really challenging. Given your situation, I'd recommend first pulling a copy of your credit report to ensure there are no errors and then focusing on improving your credit utilization by paying down your credit card balances as much as possible. For personal loans, emphasize your stable income and previous on-time payments to lenders, and consider a credit consolidation loan to lower your interest rates and simplify payments. Rebuilding your credit score will take some time, but staying current with payments and reducing your credit utilization will help. You might also want to reach out to a credit counselor for personalized advice. Hang in there! you’ve got this! 💪
It's best not to have credit cards and fill the banks with more change. Take that money and open a brokerage/trade account, and make money instead of being a consumer of debt.
Absolutely, that's a smart move! You can grow your wealth and potentially earn more than you would with just credit cards. Thanks for bringing this up.
But you still have to buy essential things for your every day life, why not gain money back while you spend plus credit cards are more protected than debit cards. its how you use credit cards you will not go into debt. The min I swap my credit card, I transfer the funds from my checking right back to the credit card, 0 interest =)
@@Jess2daleft That's a smart approach! Earning cash back or rewards on everyday purchases while taking advantage of the added protection credit cards offer is a win-win. By paying off the balance immediately, you're avoiding interest and keeping your finances in check. Good job!
Absolutely, your credit score is a really strong start! It should generally qualify you for business funding, especially if you also have a solid business plan with projected income. However, lenders might look at other factors too, like your business credit profile, cash flow, and industry type. It's always a good idea to explore multiple funding options and present a clear, detailed financial projection when applying.
Absolutely! that’s one way to avoid the hassle! But if you ever decide to explore the world of credit cards, just remember these tips to keep things smooth. Thanks for the comment! 😊
💳 𝐁𝐮𝐢𝐥𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐫𝐞𝐝𝐢𝐭 𝐅𝐚𝐬𝐭𝐞𝐫 𝐖𝐢𝐭𝐡 𝐉𝐔𝐒𝐓𝐈𝐍 𝐌𝐈𝐑𝐂𝐇𝐄:
bit.ly/NoelleRandallBusinessCredit
𝗙𝘂𝗹𝗹 𝗱𝗮𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗰𝗿𝗲𝗱𝗶𝘁 𝗮𝗻𝗱 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝘄𝗼𝗿𝗸𝘀𝗵𝗼𝗽 (𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱)
nuureztours.com/
I put self employed and definitely got several cards with very high limits
I'm a beautician n I've had problems getting credit by saying I'm self employed, so thank you.
Maybe I fall into the exception group rather than the norm, because I applied for a credit card last year December and was instantly (5 second) approved for a credit card with a $14, 000 limit even though I stated I am retired. Interestingly, after the approval, I checked my credit score - something I had not done in over 25 years - and it was 790.
This woman is delusional. I am retired, live off of SSDI and I have credit equal to my YEARLY income - because I pay my bills on time, all the time! Never been denied.
@dakg8034 she's just giving some soft guidelines. I've been to different institutions and each have different factors that they will work with.
I’ve had no problem putting down retired
Great guidance! You have the most gorgeous smile! ❣️
Hi Noelle your channel pop up in front of me as I opened up the UA-cam.. I must say this is a very good informative information.. yes no we must know exactly what is on our credit report !!thank you for your excellent expertise financial gain and freedom to have a business,become wealth..Thank you !!God bless you !!
Knowing what's on your credit report is definitely a game-changer when it comes to financial success and building wealth. God bless you too, and best of luck on your financial journey! If you have any more questions or need further guidance, feel free to reach out. 😃
Noelle always coming with the Personal Finance Gems in real time.I love it!
Glad to hear you love it!❤ Stay tuned for more! 💎
Noelle, you are on the money!!!
Thank you thank you thank you.
Thank you! I’m glad the info hit the mark for you! Keep that energy going and make those smart moves!
This is awesome information! Thank you so much
You're welcome! Thank you for watching!
Always with the gems 💎. Thanks for always being insightful and informative
Thank you for the compliment! I’m thrilled to hear that you find the content valuable.
Very informative. Great practical tips. I will use and share. Thank you
I'm retired, but my thoughts are, that's lying on an application,
Noelle, that was absolutely brilliant and helpful. Love the insight you provided on the mentality of underwriters. Sharing your page with everyone I know. Thank you very, very much for the information.
Glad it was helpful!
Thank you for the nugget and yes I did subscribed and liked looking to learn more.
Awesome! Thank you so much! 🥰
Great Information..❤❤
Thanks!
I don't get it! So basically Lie your ass off on the application???
Good evening. Your channel is very informative. I take this information and see if I can use it in Canada. Thank you 😊
Good evening! I'm glad you find the information helpful. While some details might be tailored to U.S. practices, a lot of the core principles on credit and financial management can definitely apply in Canada. 😃
We need to have inquiries fall off. This crazy u have too wait for 2 years
To get fast and effective credit repair service you should hire a professional help or credit repair expert , i would Recommend you search for Agent mighty and contact him for your professional credit repair or counselling.He can help with deletion of negative reports (late payments, debt collections, charge-offs, repossession, foreclosure, judgments, tax liens, Closed accounts or bankruptcy).
They ask for your Social security number. Therefore they know your annual income.
No, just use your business EIN number.
Well done.Thanks for the advice.
Retired people with fair to good credit and a monthly income are being approved for credit. I am confused here as a retired person.
Absolutely, retirees with fair to good credit and a steady monthly income can definitely get approved for credit. The key is presenting your income and employment status in a way that aligns with what lenders expect. Instead of listing "retired," try showing that you have reliable income through investments, pensions, or other sources. This way, you’re demonstrating financial stability and reducing any potential red flags. 🙂
I am retired and have had no problems getting credit cards, loans, lines of credit. I don't understand her point.@@bonniemunday4711
As Judge Judy says : "If something doesn't make sense, it is probably not true." Does that answer your question?? Anyone can make videos and no one fact checks them.
Man I’m self employed & got approved in milliseconds at Navy Federal
But first you need to build a relationship with your financial institution.
Your videos are really great!
Thank you so much Noelle you are God sent .
Thank you so much! I’m so glad I could help. Don’t forget to subscribe to my UA-cam channel for more valuable content and updates! 🥰
Great info Noelle! Continue to provide value to the marketplace. Wishing you continued success!
Thank you! I appreciate the encouragement and well wishes. I’m committed to delivering valuable insights and helping others succeed. Don’t forget to subscribe to my UA-cam channel for the latest trends and updates. Your support means a lot!
Love this channel ❤
Glad you enjoy it!
Great stuff Noelle👍
Thank you! I’m glad you enjoyed it.
What if you don't have an actual business
great information. I definitely would love to hear more about this
I have six credit cards and all on my application. I’m retired with no problems.
That's what I put too & no problems for me either,
Exactly. Sometimes I feel like people just be saying anything.
@@CassieJackson-l2ushe just talking
@@slimsview9463 I wouldn't say that. She is not perfect and simply trying to be helpful. Not everything is going to go 100% as stated. There are going to be exceptions.
I brought 2 brand new vehicles saying retired. It doesn't matter as long as you have good credit
You are so awesome thank you so much for sharing a wealth of information on your page❤❤❤
Thank you so much for the support! I’m glad you’re finding value in the information shared here.
I believe it depends on the company and whether you applied during their promotion period, where they are trying to boost their “new member” numbers for the next Earnings Report..
So basically they willing to approve just about anybody 😂
I absolutely love your intro
Thank you! 😅Appreciate the support!
Great information as always.❤❤❤
Thank you so much! Make sure to subscribe to my UA-cam channel to stay updated on the latest trends.
Sound advice! - similar here in the UK with credit card applications
Absolutely! Credit strategies work across the board, whether in the UK or the US. The key is knowing how to leverage credit wisely for building wealth and opportunities.
@@NoelleRandall1 thanks Noelle please keep these useless financial advice contents coming…
Great video as usual.
Thank you so much!
This was helpful!!
I’m glad you found it helpful! If you have any more questions or need further assistance, feel free to ask. And don’t forget to subscribe to my UA-cam channel for the latest trends and tips! 😃
Thank you
thank you Noelle Randall for loving us!!
You’re welcome! And thank you so much for the support! I wouldn’t be here without you all. Stay tuned for more exciting updates and opportunities!
Hi Noelle it's been awhile honey it's great to see you again I'm all ears 😊😅😂😂❤
Thank you! I appreciate your comment. I’m committed to delivering valuable insights and helping others succeed. Don’t forget to subscribe to my UA-cam channel for the latest trends and updates. Your support means a lot!
love the intro❤
Thank you Noelle
Thanks for advice
I'm curious about the 'use of funds' section on credit card applications. What are some other good answers besides 'marketing' that are more specific to my situation?
Great questions! For the 'use of funds' section, you could also specify "business expansion," "investing in new technology," "hiring additional staff," or "scaling operations." These responses show you’re focusing on growth and operational efficiency, which lenders love to see. Keep it relevant to your actual needs for the best chance of approval! 🙂
Noelle, you rock!!! 💪
Thank you! 🥰
Thank you so much Noelle!
Thank you so much! Don’t forget to subscribe to my channel for the latest trends and updates.
Thank you this was very resourceful!!
You're welcome! Thank you for watching!
Since when are there underwriters except big dollar loans? It’s all online now.
Very helpful thank you
You're welcome! I’m so glad I could help. Don’t forget to subscribe to my UA-cam channel for more valuable content and updates!
What is a good number to put that you make? And should I lie about where I work?
Thanks for asking! When reporting income, choose a figure that reflects your true financial situation-something realistic that aligns with your debts and lifestyle. A range between $50,000 to $120,000 annually often works, but it should make sense with your overall finances.
As for where you work, honesty is key. If you’re self-employed or own a business, listing your business name (like "Your Business Name, LLC") instead of just "self-employed" is a smart move. It’s truthful and presents stability to lenders.
Remember, transparency in your financials is crucial. Misleading info can lead to complications later on.
You are such a beautiful, smart woman. Love your knowledge the information you give, it's so helpful. Thank you ❤ stay fly. 😂 lo,l WoW haven't said that in a long time,
Great video!
Thank you 😃
So, if you are not self employed ... why would you need money for marketing
Hello Nowl, Great Content! Also, How much would we need to initially open Business Checking Account, please? Appreciate it. Peace always
Typically, opening a business checking account requires an initial deposit ranging from $25 to $100, but this can vary by bank. It’s best to check with the specific bank for their current requirements. Peace always!
Love your information ℹ️ it’s A++
Thank you so much!
Yes! Thank You
I just got turned down from my credit union even tho my credit score is good due to debit to income! How long should I try again to apply? Will another creditor know I was declined?
To get fast and effective credit repair service you should hire a professional help or credit repair expert , i would Recommend you search for Agent mighty and contact him for your professional credit repair or counselling.He can help with deletion of negative reports (late payments, debt collections, charge-offs, repossession, foreclosure, judgments, tax liens, Closed accounts or bankruptcy).
Yes it’s stays on your report for 4 years but the impact of it goes down little by little every year.
thank you!
Hi what does what you write on credit card got to do with a credit scoring system or AI system that’s going to be the final decision Thank you
Great question! What you write on a credit card application can impact your approval chances because it feeds into the initial review process, helping lenders gauge your risk level. While AI and scoring systems make the final decision, clear, accurate info helps ensure you’re evaluated fairly and don’t raise unnecessary red flags. Keep it straightforward and aligned with industry standards for the best results! 🙂
dumb beech teaching people to lie on their applications SMDH
???? I am assuming then also DO NOT PUT DISABLED and show something like SSDI as your sole source of income, goes along with RETIRED/ SELF EMPLOYED. It is better to show that you have some type of job, even if it is that you are employed by YOUR NAME INC. CORRECT??
I've try to get capital one and got denied
Noooo I’m self employed I have my own business I get approved all time you are wrong!!😅
Hi i put retire with pension and i got approve $5000 capital one
Wait didn't you say don't put down retired or self-employed. So why are you saying put down marketing if I put down marketing then they're gonna know that I'm self-employed
YOU GO GIIIIIRL, LOVE YOU 💋
why is saying you are retired so bad...i worked for over 27 years and my pensions are healthy ..and why do you need more then one credit card??
Excellent advice! Wondering if you can tell me if it's possible to get credit cards using a commercial address. I used that 5+ years ago and got approved for a few cards but now my credit reports flag that as a business address. I don't want anyone to know my residential address. Any recommendations?
Yes, you can use a commercial address for credit cards, but keep in mind that it might raise flags with some issuers since it's flagged as a business address. If you want to keep your home address private, think about using a virtual mailbox service. It gives you a real street address that you can use for personal credit card applications, helping you keep your privacy intact without drawing attention to your business address. Hope it helps.
Ty!
You're welcome! Thank you for watching!
Gems 💯
Thank you! 😍
@NoelleRandall
Is a loan for home or vehicle repairs usually good enough reason(s) for loan application to be accepted?
Ma'am that did not help anyone with bad credit
Hello im new to your channel. Just saw your video on what not to write down on your cc aplication. You say not to put down that Im Retired.. In my case im 100 percent disable military. I get 4000 a month . No other income so what do i write down?? Any info is appreciated thank you..
Thanks for the 411
Thank You
You're welcome! Thank you for watching!
As far as a business credit card the lender doesn’t look at your personal credit score right??
Exactly! When applying for a business credit card, lenders primarily look at the business’s financials and credit history rather than your personal credit score. However, they might still consider your personal credit as part of the application process, especially if your business is new or has limited credit history. It’s always good to be prepared with both personal and business credit information. 🙂
@@NoelleRandall1 👍🏽 Ok , Thanks for the info !
Retire with millions ,no saving required... overvnextv10years apply for every single credit card you can ..keep them all active. At 60 years old, do cash withdraw 100% available credit, step 2 buy hardshell suitcase step 3 flee country 😅
I work for NYCHA and still got denied
Hey, I totally get how frustrating that is. Even with a steady job, things like income verification or credit history can make a difference. Make sure you check your credit report and clean up any issues before applying. If you need a hand, my friend Justin at Creative Credit Solutions helps a ton of people, including me, so I highly suggest reaching out to him, You can book you FREE Consultation here: bit.ly/NoelleRandallCreditRepair . But if you feel confident fixing it on your own, go for it!
Not in Greece !
More videos like this
No $30,000 per year. That was funny to me. You start making money you say anything. Thanks for the advice 😂 though.
Glad the advice helped! When filling out credit apps, aim for a realistic income range that matches your expenses without raising red flags. Too low or too high can both cause issues, so keep it practical and straightforward. 😉
There is no underwriters anymore. Most if not all online credit applications are instant and AI makes the decision based on algorithms they set in place. The information don’t matter if your score isn’t high enough or you have repos, collections, BKs instant denial. Come on wake up people.
That’s false there are still plenty of underwriters.
People are to honest somethings are not to be told things. I tell the bare I have 2 personal cc's.
You're absolutely right! . It’s important to be strategic. Sharing just enough to present a solid profile, without over-disclosing, often leads to better results. Focusing on what’s relevant, like your stable income and ability to manage credit, can make all the difference. Thank you for watching!
I put I’m employed and got denied
Thanks for the information
You’re welcome ❤️
So your telling people to lie.? Cant they verify if your employed?
What if you're been discharged from a bankruptcy {7} for just over a year? Everything I'm doin, doin' it on my own & learnin' as I go....
It's 10 years now in most cases. Check your paperwork to be sure.
Noelle is there a way to personally work with you? I was denied a business bank account. I feel like I need a mentor to help navigate the questions they ask.
Absolutely, I’d be happy to guide you through this! I offer one-on-one mentorship, and we can arrange a call at a time that works best for both of us. Schedule your 1-on-1 call with me and my team at callnoelle.com/book-your-strategy-session. I look forward to talking with you soon! 🥰
Hi Noelle I have less than ideal credit only because I have massive student loans and high utilization on credit cards even though everything is paid on time it's huge utilization. Is it better to file bankruptcy if it's possible to remove debts ..then wait the years to build credit from there?
Debt is dumb, cash is king
Nah, credit is power if u use it right but cash is king
Okay I have a question. It's not about a credit card, it's with a personal loan and being self-employed. I was very sick in the hospital for over a month in July and I started using my credit cards to pay my bills. Mind you I'm 57 years old and I make really good money but I've been declined twice now. My credit score went down because I'm at 95% of my credit card usage! I've never done that before plus I paid on time with all my bills and all my creditors that's on my credit report for the last 5 years. My credit score now is 645. Any suggestions on what I need to put down on as an example a personal loan or credit reconsolidation? I'm about to pull my hair out because now that I'm working again I have money coming in but the interest rate of course on my credit cards are outrageous and I'm scared I'm going to fall behind. Any suggestions? It would greatly be appreciated
I’m sorry you’re going through this. It must be really challenging.
Given your situation, I'd recommend first pulling a copy of your credit report to ensure there are no errors and then focusing on improving your credit utilization by paying down your credit card balances as much as possible. For personal loans, emphasize your stable income and previous on-time payments to lenders, and consider a credit consolidation loan to lower your interest rates and simplify payments. Rebuilding your credit score will take some time, but staying current with payments and reducing your credit utilization will help. You might also want to reach out to a credit counselor for personalized advice. Hang in there! you’ve got this! 💪
i need help
Hi! Yes, absolutely! What kind of help do you need? I’ll do my best to help you out. 😊
Imple and be honest
It's best not to have credit cards and fill the banks with more change. Take that money and open a brokerage/trade account, and make money instead of being a consumer of debt.
Absolutely, that's a smart move! You can grow your wealth and potentially earn more than you would with just credit cards. Thanks for bringing this up.
But you still have to buy essential things for your every day life, why not gain money back while you spend plus credit cards are more protected than debit cards. its how you use credit cards you will not go into debt. The min I swap my credit card, I transfer the funds from my checking right back to the credit card, 0 interest =)
@@Jess2daleft That's a smart approach! Earning cash back or rewards on everyday purchases while taking advantage of the added protection credit cards offer is a win-win. By paying off the balance immediately, you're avoiding interest and keeping your finances in check. Good job!
@@4u2c95 You make no sense !
Poor POC.
So if your on disability and trying to build your credit?
@@beckym5730 I guess it won't work for us
🛠 📈 𝐑𝐚𝐢𝐬𝐞 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞 𝐅𝐚𝐬𝐭𝐞𝐫 𝐰𝐢𝐭𝐡 𝐂𝐑𝐄𝐀𝐓𝐈𝐕𝐄 𝐂𝐑𝐄𝐃𝐈𝐓 𝐒𝐎𝐋𝐔𝐓𝐈𝐎𝐍:
bit.ly/CcS11NR
💳 𝐁𝐮𝐢𝐥𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐫𝐞𝐝𝐢𝐭 𝐅𝐚𝐬𝐭𝐞𝐫 𝐖𝐢𝐭𝐡 𝐉𝐔𝐒𝐓𝐈𝐍 𝐌𝐈𝐑𝐂𝐇𝐄:
bit.ly/3eydxza
❤❤
i have 700 personal score, should be good enough for business funding with projected income, right?
Absolutely, your credit score is a really strong start! It should generally qualify you for business funding, especially if you also have a solid business plan with projected income. However, lenders might look at other factors too, like your business credit profile, cash flow, and industry type. It's always a good idea to explore multiple funding options and present a clear, detailed financial projection when applying.
Don't have credit cards don't have that problem lol 😜😔
Absolutely! that’s one way to avoid the hassle! But if you ever decide to explore the world of credit cards, just remember these tips to keep things smooth. Thanks for the comment! 😊
What if you don't have a business license in your state like California