Скачать с ютуб The FASTEST Way to Get an 800 Credit Score | 5 Steps в хорошем качестве

The FASTEST Way to Get an 800 Credit Score | 5 Steps

Use Code 'Magnified' to get a 14-Day FREE TRIAL from our Sponsor Aura: https://aura.com/magnified Check out my FAVORITE Cards HERE: https://magnified.reviews/Favorite-Cards Click “Show More” to see my Favorite Financial Tools ▽MY FINANCIAL TOOLS▽ 🏦 SoFi Complete Money Management ➤ Checking & Savings - https://magnified.reviews/SoFi ➤ Credit Card - https://magnified.reviews/SoFiCreditCard ➤ Invest - https://magnified.reviews/SoFiInvest ➤ Budgeting - https://magnified.reviews/SoFiRelay ---------- 💰 Chime Fully Online Banking ➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime ➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder ---------- 💳 Favorite Credit Cards ➤ Chase Sapphire - https://magnified.reviews/Sapphire-Pr... ➤ Capital One Venture X - https://magnified.reviews/VentureX ➤ Chase Ink Business - https://magnified.reviews/Ink-Business ➤ Amex Green - https://magnified.reviews/Amex-Green ➤ Amex Platinum - https://magnified.reviews/Platinum ➤ Amex Business Gold - https://magnified.reviews/BusinessGold ---------- 📊 Wealthfront Automated Investing ➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront ---------- 💵 Current Card ➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard ---------- 📸 MY CAMERA GEAR ➤ My Camera: https://magnified.reviews/Camera ➤ My Microphone: https://magnified.reviews/Microphone ➤ My Lights: https://magnified.reviews/Lights The topic of building your credit is oftentimes unnecessarily complex and I promise you it's really not that hard starting with step one which is always making your on-time payments and not only is this step one but this should be priority number one no matter what and that's because you’re on-time payment history not only makes up 35% of your credit score but a late payment will also stay on your credit report for seven years. The second step makes up an additional 30% of your credit score and that would be your credit utilization and in this case we want to keep your credit utilization as low as possible. If you have large balances on your card try to pay them down before your statement is processed and overall try to use less than 10% of the total credit that is available to you in order to keep that utilization low as well. The third step is improving the age of your credit which makes up 15% of your score and obviously the only real way to improve the age of your credit is to just wait things out and let your current lines of credit get older. So if you have not yet opened a basic beginner credit card then definitely go ahead and do that because the sooner you get started the sooner you'll be able to have those older credit lines on your report. That brings us to the 4th step which is carefully timing your new credit. This is where things get very minute but new credit does make up 10% of your score on its own and the reason I say the timing of this is very important is every time you apply for any line of credits you'll likely see what's called a hard inquiry show up on your credit report for up to two years and each hard inquiry is going to have a temporary negative effect on your credit score. Alright, the 5th and final step is simply being aware of other variables but don't stress about them too much. This would be things like your credit mix meaning do you just have credit cards or do you also have a mortgage and an auto loan and student loans? Technically a better credit mix is going to be good for your score but from my perspective, taking out a car loan or slowly paying off your student loans just to improve your credit mix is a horrible idea and the interest you will pay on those balances will far outweigh any benefit you will see from improving your credit mix. 0:00-On-Time Payments 3:05-Credit Utilization 4:22-How to TRACK Your Credit 5:48-Secret Utilization Hack 7:47-Age of Credit 9:32-Timing NEW Credit 10:44-Other Credit Variables Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.