PAY BILLS = INCREASE CREDIT SCORE (StellarFi Review)
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- Опубліковано 12 вер 2024
- In this video, I will go over how you can boost your credit score by paying your bills! I will be review a new company called StellarFi that allows you to report existing bills to the credit bureaus. If you want to learn how you can build your credit make sure you watch this video!
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Good job explaining this my score went from 373 to 756 in just three years
You'll start with a reported limit of $500. It will increase every time you pay a bill. So technically you'd have to pay $24,500 worth of bills before you'd get a reported limit of 25,000
I have been thinking of joining but have been on the fence because I didn't quite get what it was all about and how it would help. Thank you for explaining it.
Your very welcome!
Is it credited by BBB??
I wish these companies will show your Fico credit scores and not advantage...Advantage is fake
Thanks for this review Naam! 🚀
So if I paid my rent using this technique it would be paying my rent using a credit card. That would add a fee of about $65 for using a credit card instead of a bank account. Would StellarFi be paying this Fee? If not then I'm adding $65 × 12 months = $780 Annually in fees. If I add the $10 a month for using their service then the true cost of this service for me would be $75 month ($65 for paying rent with the StellarFi credit card and $10 for having a StellarFi subscription.
You guys don’t even accept real banks lol this website a joke
I think about it
Do it! 😉🚀
Love your videos
Adding bills to do credit report will affect to get a mortgage?
Hello @Naam, can you use this in the UK?
Wouldn’t paying your own bills on time yield the same results or will this give you an extra trade line in addition to the lines you already have ?
You're traditional bills don't get reported. Use a system to get them reported.
We report your bill payments (ones that don't normally get reported like Netflix) as a line of credit on your report and primarily target the two most critical credit-building factors: payment history and credit utilization! 🚀 Raise your credit score more and more with EVERY bill you pay!
@Stellarfi what about Stellar reporting ones that are already reporting like capital one
If I only pay Netflix bill...and I get the prime plan...how much if a credit line will it report yo 3 credit bureaus?
The Lite plan awards a bill spending limit of up to $500 and the Prime plan, up to 25k! You'll start with a base limit when you sign up - this limit will increase with every bill you pay (even if you just pay your Netflix bill each month)! A Netflix bill can still increase your credit score with StellarFi 💪🚀😊
How many points my credit score goes up ?
Most of our members see a significant increase within a few months! 🚀
I signed up for free but I tried to cancel. It says it’ll affect my credit if I cancel so I’m stuck 🤦🏾♂️
Don't worry about it. It will just close the account.
@@NaamWynn I did thanks bro
But if you have the money in chime ..you can just pay for it from chime ! Why would you need stellarfi ?, if they’re going to take it from chime anyway!!! You’re trying to save that money in any bank account or chime!! It’s not worth it!!
Hey sir i have a great question what if I wanna pay my mom's utilities for through stellarfi
I do appreciate the video, I would like to ask. Can I add kickoff which is another credit builder; where I make payments to. Can I add kickoff to this platform?
You can use both but StellarFi allows bills up to 25k!!! And we actually report to ALL THREE major credit bureaus with any plans!💪🚀
youre a genius.
How do u pay it off? It doesnt really giv the due date or when its being paidto pay bill using stellarfi. And does it automatically deduct off your bank account?
Automatically deducts from your bank account. The money has to be in your account before they allow you to make payment
Can I use this to pay my invoice?
What if I have two bank accounts opened? Can I add both ?
I h8 review channels bc none of them have answers. I like grow credit like this guy says as well because they tell you what they will report to the credit bureau before you even make or choose a tier/account. Stellarfi is a little tricky bc it doesn’t tell you. It’s says it MIGHT report $25k if you have sufficient bills but what about people who pay rent with money orders or their expenses don’t exceed $500 a month? Does that mean you have to spend more than $500 to get a number in between $500 but still below $25k?? 😖😖
Exactly what happen to me!
Wouldn’t this increase your debt to income ratio ?
Will this work if you use a shared bank account but someone else's name is the primary user even though they don't use it at all?
Question does this one report all of the things your paying with it individually like you’ll see on experian boost or is it just a credit account with an artificial limit like kikoff that is reported?
StellarFi doesn't report bills or other alternative data! When you create an account with StellarFi, you authorize automatic repayment for bills that are paid with your StellarFi Virtual Bill Pay Card. In other words, we'll pay the bill then you'll pay us back so that we can report positive repayment history (from you to us) to all THREE major credit bureaus! ✨💪We report your bill payments as a line of credit on your report and primarily target the two most critical credit-building factors: payment history and credit utilization! 🚀
Does it report the monthly payment or the credit limit per month. For instance my total payments a month is 1000 for all my debt. But the credit limit is 25000. In this example will it be reporting a credit line of 1000 or 25000
@@candy21251 You'll start with a reported limit of $500. It will increase every time you pay a bill. So technically you'd have to pay $24,500 worth of bills before you'd get a reported limit of 25,000
Ok
Question, can I use this as the age of 13 or when I am older? And is it wise to have multiple apps that are like this because am looking for a way to build my credit score for the future and to invest in my money.
Most apps are 18 and up, but some credit cards allow any age
So how do you pay the stellar fi back ?
Yes smh nothing free
@@skyariasanderson9353 no shit
When you create an account with StellarFi, you authorize automatic repayments - in the end, optimizing your credit utilization and payment history 🚀
This isn’t a review it’s an Ad. Thanks for the info though, i guess.
Can you pay Mortgage with this ?
Unfortunately not
I have 5 building accounts idk why I did it, I'm scare is that your videos are convincing I want to know if I damage my credit score was 590
I couldn’t be verified. So that sucks . They need a way to verify people . I don’t really believe they did a manual review after.