Well,...the last time I checked my credit score was 833. It is nice to know even if you got to 850 it wouldn't matter to a lender,...you would still get the best rate.
let's just say my credit limit is 5,000 dollars and I use 3,000 of it but I always pay it on time and have yet to miss a payment would this still affect my score in a negative way? I use my credit cards for every purchase so I can get cash back and pay it in FULL but I'm not sure if the 10% rule still counts ?
No it shouldn't hurt your score, as long as you're completing the pay-offs before your balance is reported to the credit bureaus monthly. Double-check with your credit card company but it's generally monthly, on or around your statement date.
Awesome video for real. Scores actually go up to 900 and the reason I know this is because I actually sold a car to someone with: 900, 897, 893, and 890
In other words you can work really had to get a perfect credit score then you get penalized for actually using it. Use too much credit, you're screwed. Even if you pay your bills on time. Use too little credit, you're screwed. Don't open up enough loans, you're screwed. Open too few loans, you're screwed. Want to close some of the accounts you're not using because it's just a security risk? You're screwed.
A perfect credit score means you have been in debt forever. Giving greedy bankers all your money. My credit report shows can not determine. Cash is King!!
Same here. At 59 yrs old I've never owned a credit card. Never. Only problem w/that say I go on vacation and want to rent a car. Need a security hold of $500-$1,000 w/a credit card. Oh well. Cash is King!
The only problem is my car ins.cost me double now never had a wreck even thought I only owe one thing that is a bs medical bill that is 4 times what it was😂 idk how my credit has ANYTHING TO DO WITH MY CAR INS.BUT IT DOES I pay it in full every year and I'm penalized from a little bill that was bs and I refused to pay it
Well,...the last time I checked my credit score was 833. It is nice to know even if you got to 850 it wouldn't matter to a lender,...you would still get the best rate.
love the video , no bs , just straight to the point , just subscribed!! , thank you!!!
“216 hundred thousand dollars”. I had to watch that twice to make sure I heard that right. ;)
LOL oops 😂
216x 100,000! Love how you think. 🤑
Just found this channel and I appreciate the content
THank's for this knowledgeable video
Great video, and..... you look amazing!! Love the dress and hair!!
Thanks!
Your video and your content and the information it's so outstanding. Thank you for all the good information you're awesome!
let's just say my credit limit is 5,000 dollars and I use 3,000 of it but I always pay it on time and have yet to miss a payment would this still affect my score in a negative way? I use my credit cards for every purchase so I can get cash back and pay it in FULL but I'm not sure if the 10% rule still counts ?
No it shouldn't hurt your score, as long as you're completing the pay-offs before your balance is reported to the credit bureaus monthly. Double-check with your credit card company but it's generally monthly, on or around your statement date.
Great video you’re smart
I love the Institution and Account listed at the 3:30 mark. 😀
If you know you know
Great video
Thank you!
Awesome video for real. Scores actually go up to 900 and the reason I know this is because I actually sold a car to someone with: 900, 897, 893, and 890
ive been 790 for my adult life, i think i dont borrow enough to get it higher
In other words you can work really had to get a perfect credit score then you get penalized for actually using it. Use too much credit, you're screwed. Even if you pay your bills on time. Use too little credit, you're screwed. Don't open up enough loans, you're screwed. Open too few loans, you're screwed. Want to close some of the accounts you're not using because it's just a security risk? You're screwed.
I’ve been around 830 for years! It’s pretty hard to get 850 but I’ve been close!
Side note, Credit Karma and other 3rd party groups are not accurate 100% of the time.
Right, because Credit Karma doesn't use FICO as the score model - they use VantageScore so people then check their FICO and it doesn't match up.
ah thank you
have a good life
Why
Only usa people do this work
A perfect credit score means you have been in debt forever. Giving greedy bankers all your money. My credit report shows can not determine. Cash is King!!
Same here. At 59 yrs old I've never owned a credit card. Never. Only problem w/that say I go on vacation and want to rent a car. Need a security hold of $500-$1,000 w/a credit card. Oh well. Cash is King!
I have a credit score and I have 0 debt and I pay for everything with it and then pay them off. It's not that hard to maintain one.
debt can be good, recommend reading rich dad poor dad! + getting cash back for just using a credit card instead of your debit card is pretty cool!
The only problem is my car ins.cost me double now never had a wreck even thought I only owe one thing that is a bs medical bill that is 4 times what it was😂 idk how my credit has ANYTHING TO DO WITH MY CAR INS.BUT IT DOES I pay it in full every year and I'm penalized from a little bill that was bs and I refused to pay it