@@justjojo1666 Same basic way it just takes exponentially longer. Also try to negotiate with creditors to get negative items off your credit report so you don’t have to wait 7 years for it to fall off. If you have an account in collections, never make an promise to pay, implicit or otherwise, bc it will restart the 7 year clock. And finally hope your creditors don’t sue you for the debt. This can mean “laying low” on some debts, ie you have a 5 year old account in collections and you wanna do the right thing and pay it so you call in to ask about payment plans. They could refuse and sue you instead. It’s shitty but it’s all a game to be played in the end…
If you are mom and dad with a kid in college that's close to graduating send this video to him/her, If they don't listen to you as a parent. They may listen to Sebby, our favorite credit influencer🔥
I went from 630 to 830 in a few years with really simple steps. Pay statement balance when it shows up. Simple. I just got upgraded to Amex platinum this week.
This should be taught in HS. In college i was bombarded with CC, which I knew nothing about. My parent didn't either. There's so much information out there and some are not good ones. Considering you all of a sudden become an adult after HS and everything is in you, then you should be taught this to prepare us.
Within Chase, I wait for the offers. In 6m they have doubled by CSP limit, made two positive credit remarks, and offered a Chase Freedom pre approval with a high limit. Be advised though, Chase pre-approval still gives a hard pull and dropped me 5 points on my third and final Chase card. I am getting a new mortgage in 6m (moving) and fear I have to tap the brakes due to average age of account, etc Now barely over 800. I've been watching these videos and am going to put the wife in Amex and run two points pathways. If you've noticed, Sebby has mentioned this before. Points are flowing!
Great nuggets Sebby. You’re always dropping 💎. Thank you I’m in the Bay as well and lost my job but I’m keeping my score high by making minimum payments and being creative with income sources.
The main thing is that it takes **TIME**. So many people get discouraged when they don't see big results in a week, month or even quarter. For many of us, our credit history starts at 18, and for some of us it's even younger. So if you're 24, you have at least 6 years of various good and bad data collected already. That's at least 72 months! 2 months of good behavior is a drop in the bucket in the grand scheme of things. This is how I explaind it to a buddy who was discouraged when he didn't see and major improvement after 3 months. Best advice if you're trying to fix your credit. Pull your report once, make necessary changes, then wait 6 months to a year to check the report/score again.
This is so true. I'm 24 , I got my first card at 18 and I've had car loans, etc. since 19 and even now still don't think my credit is generally considered very "established" by the bureaus 🙃
I mistake I've made and learned from is asking for a credit increase and taking a hard pull instead of just applying for a new card and exchanging that pull for a new bonus on a new card. Never again
Almost happened to me with a limit increase with Citi, the agent was kind enough to ask me first, I declined of course. On the other hand: I was denied a Chase Freedom and called the reconsideration line weeks later and the guy on the phone just ran my credit again just to be rejected again...what a douche.
Only issue is you lose your credit history. What I do is have two cards by the same bank. Ask them to move a majority of the total onto one card then ask them later to increase the lower one to the same or a reasonable amount.
Aloha Seby! So I can honestly say you strategies really do work. I applied your specific approaches & got qualified for both Chase Saphire Reserve & Amex Platinum card basically within a month. And my wife and I are closing on a 1 million dollar property. Believe Great Credit works. Mahalo for all your tips.
My credit dropped a good chunk because my student loans reflected it as well as the purchase of my house. Im around 650 but i want to get back into the 700s
For the Aussies out there, not all of this impacts you. For example, our credit scores do not look at utilisation (it's not reported) but your address and loan vendor does impact your report. Your mobile provider probably does report info though (Optus yes, others, I the future). Additionally, getting a new job or home doesn't rely on this score and can't check or add to your report
Hi Sebby, very informative content! We are in escrow and trying to maintain and boost our credit score. Out of curiosity, when's the best time to pay the "minimum payment or due date?" I've always paid mine at least 2 days before the due date. Is there a sweet spot on when to pay it each month? Thank you! I just subscribed from your channel:)
A lot of older people like my parent's generation have some wonky or outdated thoughts about how credit works. They think I'm nuts for how often I apply even though most of my cards are no annual fee cars and I've never paid a late fee or interest. I've tried to help encourage them to get some nice sign up offers when they hit historic highs, but they're very resistant because they think opening new cards hurts your score a lot. I've had to explain to them multiple times that it's only a small, temporary drop.
Does cancelling or opening new credit cards have a big impact on your score? I never usually apply for more then 3-4 credit cards every two years, but I find myself wanting to cancel them after hitting the bonus for the following year's annual fee. Is it okay to cancel and churn credit cards like this or will it have a huge impact on your score?
The effect of opening cards is negligible but can matter if you're expecting to apply for a mortgage or some other big loan in a few months. Closing cards doesn't technically have any impact in and of itself. However, the biggest impact is on length of credit history. Your credit score benefits from the oldest open account as well as having a high average age of account, so the impact of closing any account depends on the relative ages of your accounts. You wouldn't want to close your oldest account, but for example, if you have many old accounts and you just close a much newer one, your score may actually improve if your average age of accounts goes up. This is somewhat complicated by the fact that credit score also improves with number of accounts. In general, you want to create a base of older accounts before closing a bunch of new ones, but after a certain point, the difference is negligible.
@@davidboeger6766 thanks so much for the reply. I've kept most of my accounts (CSR, Chase Freedom, Discover It) over 9 years now but I'm always concerned churning the new bonuses will impact my score cancelling after a year. Great to know it doesn't make a difference. Would it matter if you close too many in too short of a time or does that only apply with opening too many at once?
One thing I see people doing is only keeping 1 or 2 cards. I’m not a fan of this because if something goes wrong with one of those accounts and it gets closed, you lose your credit history and ability o use that card. I think most people should have at least 5 cards.
@@mike-uw6wt I definitely should have mentioned that, because if an issuer takes adverse action, it will probably affect all your cards from them. After Chase cut my credit limit while I was on vacation a few years ago, I swore never to keep just a couple of cards ever again. I found out when I checked into the hotel that my card was declined. Never again!
Going to finance a car and the dealer done ran your credit through 12 lenders and you wondering how of you went to one dealership lol this happens to alot of people
I know people who are in their late 20s who have never had a line of credit. This is so detrimental to their finances. Credit should be touched on in school
One of the easiest thing to do is set up auto minimum payments. Saved me a few months ago when a forgot to hit submit on my regular payment. I have not missed a payment in pushing 20 years.
My biggest mistake was not being aware of this "coupon cutting" approach to credit card use - chasing bonuses and freebies across a wide array of cards. We weren't even doing it well for the few cards we had.
@@moderatorenforcement3001 so is someone who's so quick to run their mouth when they don't know what they're talking about and are aided by anonymity as if it made them wise. Wisdom and intelligence are two different things. Clearly you're not the former. You talk too much and judging by the speed at which you shot me down for displaying genuine interest in something I wasn't shy about saying I knew nothing about you don't sin) sound very smart either lol.
@@technicallygood7569 lol, just by educating you, you become so upset. Everyone knows that big name employers run a background and credit check before offering them a possible position. If you are dumb as a rock don't blame and attack people for being an ignorant fool. Go do something more productive.
I'd imagine my credit score would be a lot better if I didn't have high balances reported so often, I use the interest free periods fairly well, but once I pay everything off, I'd imagine things would be quite a bit better. I set up autopay for the minimum payment every month so I don't miss any payments, it would be much more ideal to pay interest on a card than to receive a late payment (though you would end up doing both if you missed a payment). Set up autopay, make sure you pay off statement balances as they're reported so you don't pay interest, and just enjoy the rewards that you get from the cards.
Hi Sebby, are you going to make a Capital One Venture X video? What do you think of the new card? I believe one of the new Cap1 lounges is open however I haven't seen anyone do a video inside just yet.
The biggest mistake I see people make is in not having credit cards at all. Some are Protestants who think that credit cards are immoral. These people are under the impression that they can do away with having a credit score if they pay for everything in cash. ..so stupid🙄
What do you think building good credit over bad credit for instance , having collections then getting a car loan , and a basic credit card with a 400 limit?
Hey Sebby! It was great running into you in the lobby of Gild Hall (which was free because I learned how through your videos)! Keep up the awesome content!
Great video as usual, although some of us prefer "craphole cities" and wouldn't live anywhere else. Biggest mistake I see is not paying attention to utilization. I'm finally building business credit so I can keep my personal low.
I closed several credit cards because I was afraid of having too many, but now I have high balances on a couple of them. How easy is it to reopen them?
I think a lot of people just can't compute interest compounded vs interest earned. Frankly I'm done arguing with them. When I hear somebody wants to put 20% down for a conventional mortgage... Because they're worried about mortgage insurance. . and now they got to put all their expenses on a 24% APR credit card. .. drives me nuts. Go FHA and invest your money!! This sort of mentality fits into all sorts of other disputes I have with people about money that have nothing to do with mortgages.
You forgot to mention that you must only use about 30% of your potential loan limit. I made a big mistake by often paying off 100% of what I owed every month but it was because I was using 65% that they dinged my credit score.
Does the buy now pay later in easy installment trend impact your credit score? Especially for someone who don’t have enough credit history and if your existing credit card (say Apple Card) provide option to pay in east installment?
There are 3 different credit scores to your credit, your credit card score, your auto or personal loan score, and your mortgage score. The mortgage score is going to be lower than the other 2. Your income to debt ratio also plays a part in getting approve for a mortgage.
Which button do I click to start a rental empire? I currently have an empire of cats and the monetary ROI just really isn't there despite the popularity of cats on YT. So yeah, a rental empire would be great until these little furballs get their shit together. (i'm looking at you mr. whiskers...)
Hey Mandy & Sebby, have you guys found a calculator for state residency based on income/capital gains/property/sales taxes? I figured this would be something you'd think of randomly while on Netflix/Reddit, and this whole Elon Musk thing got me interested in it.
I have a $200 limit discover secured card, I spend around $13 monthly and pay off right when bill is available. My utilization on my credit says 0% Is that a good thing or bad? And what should I do?
It's kind of like asking a morbidly obese doctor for advice on losing weight. Kids in school don't want to get lectured by civil servants/public school teachers. Also credit algos change semi-frequently, we're up to like fico 10. It's not a good idea to tell people "keep CC balances low" and then they take a personal loan to pay it off, and then FICO hits you hard for having a personal loan rather than a CC balance at 0% for 18 months with a 7% Utilization. That exact situation happened to a few people. It's better to teach people about credit, and how banking works and the differences between banks and credit unions, and teach them about retirement(401k/IRA/403b/SEP IRA) and taxes and social security, rather than some encompassing class with tests and study guides. A lecture series once a month with Q/A is probably all that's really needed for proper education in the school system. But you have all of this stuff on youtube to accomplish that via Khan Academy and various major banks.
Even if you're Jeff Bezos level with cash, you just save a lot more with credit and get more with credit cards. 2 Jeff Bezos' but one uses credit, the one who uses credit will always have more at the end of the day
Building credit from scratch is easy. Rebuilding credit is hard and takes forever. Both are worth it though.
How would you repair credit?
@@justjojo1666 Same basic way it just takes exponentially longer. Also try to negotiate with creditors to get negative items off your credit report so you don’t have to wait 7 years for it to fall off. If you have an account in collections, never make an promise to pay, implicit or otherwise, bc it will restart the 7 year clock. And finally hope your creditors don’t sue you for the debt. This can mean “laying low” on some debts, ie you have a 5 year old account in collections and you wanna do the right thing and pay it so you call in to ask about payment plans. They could refuse and sue you instead. It’s shitty but it’s all a game to be played in the end…
If you are mom and dad with a kid in college that's close to graduating send this video to him/her, If they don't listen to you as a parent.
They may listen to Sebby, our favorite credit influencer🔥
:)
Also bad…
Applying for 17 credit cards in 1 month
😁
So true lol!
yep, a bit excessive lol
😬 oops hahaha
@@JacobKustra 😁👍
@@humbertolopezfranco7296 🤣
Secret- the 1st 30 days of you being late after your due date only report internally. After that it will report to the bureaus.
Why did my score drop 26 points after o paid off my credit card to $0 and have not closed any account?
working as a software engineer I try to maximize where I work and live. High salary is great but not if I have to live in a high cost of living area.
I went from 630 to 830 in a few years with really simple steps. Pay statement balance when it shows up. Simple. I just got upgraded to Amex platinum this week.
I went from 538 to 7 in 6 months
This should be taught in HS. In college i was bombarded with CC, which I knew nothing about. My parent didn't either. There's so much information out there and some are not good ones. Considering you all of a sudden become an adult after HS and everything is in you, then you should be taught this to prepare us.
Within Chase, I wait for the offers. In 6m they have doubled by CSP limit, made two positive credit remarks, and offered a Chase Freedom pre approval with a high limit. Be advised though, Chase pre-approval still gives a hard pull and dropped me 5 points on my third and final Chase card. I am getting a new mortgage in 6m (moving) and fear I have to tap the brakes due to average age of account, etc Now barely over 800.
I've been watching these videos and am going to put the wife in Amex and run two points pathways. If you've noticed, Sebby has mentioned this before. Points are flowing!
Sebby we need your technical breakdown and comparison of the new Venture X to the CSR and Platinum!
Soon!
Most card issuers will send reminder e-mails, some will even send automatic texts for payment reminders, sign up to make sure you don’t forget to pay.
Great nuggets Sebby. You’re always dropping 💎. Thank you I’m in the Bay as well and lost my job but I’m keeping my score high by making minimum payments and being creative with income sources.
The main thing is that it takes **TIME**. So many people get discouraged when they don't see big results in a week, month or even quarter. For many of us, our credit history starts at 18, and for some of us it's even younger. So if you're 24, you have at least 6 years of various good and bad data collected already. That's at least 72 months! 2 months of good behavior is a drop in the bucket in the grand scheme of things.
This is how I explaind it to a buddy who was discouraged when he didn't see and major improvement after 3 months.
Best advice if you're trying to fix your credit. Pull your report once, make necessary changes, then wait 6 months to a year to check the report/score again.
This is so true. I'm 24 , I got my first card at 18 and I've had car loans, etc. since 19 and even now still don't think my credit is generally considered very "established" by the bureaus 🙃
I mistake I've made and learned from is asking for a credit increase and taking a hard pull instead of just applying for a new card and exchanging that pull for a new bonus on a new card. Never again
Almost happened to me with a limit increase with Citi, the agent was kind enough to ask me first, I declined of course. On the other hand: I was denied a Chase Freedom and called the reconsideration line weeks later and the guy on the phone just ran my credit again just to be rejected again...what a douche.
Only issue is you lose your credit history. What I do is have two cards by the same bank. Ask them to move a majority of the total onto one card then ask them later to increase the lower one to the same or a reasonable amount.
Aloha Seby! So I can honestly say you strategies really do work. I applied your specific approaches & got qualified for both Chase Saphire Reserve & Amex Platinum card basically within a month. And my wife and I are closing on a 1 million dollar property. Believe Great Credit works. Mahalo for all your tips.
Great to hear!
My credit dropped a good chunk because my student loans reflected it as well as the purchase of my house. Im around 650 but i want to get back into the 700s
For the Aussies out there, not all of this impacts you. For example, our credit scores do not look at utilisation (it's not reported) but your address and loan vendor does impact your report. Your mobile provider probably does report info though (Optus yes, others, I the future).
Additionally, getting a new job or home doesn't rely on this score and can't check or add to your report
Hi Sebby, very informative content! We are in escrow and trying to maintain and boost our credit score. Out of curiosity, when's the best time to pay the "minimum payment or due date?" I've always paid mine at least 2 days before the due date. Is there a sweet spot on when to pay it each month? Thank you! I just subscribed from your channel:)
A lot of older people like my parent's generation have some wonky or outdated thoughts about how credit works. They think I'm nuts for how often I apply even though most of my cards are no annual fee cars and I've never paid a late fee or interest. I've tried to help encourage them to get some nice sign up offers when they hit historic highs, but they're very resistant because they think opening new cards hurts your score a lot. I've had to explain to them multiple times that it's only a small, temporary drop.
This advice sounds good but it's not for me if I only make 24,000 a year and not like the examples of 250,000 or 400,000 a year.
Almost nobody does. Good credit tips apply to nearly everyone.
Does cancelling or opening new credit cards have a big impact on your score? I never usually apply for more then 3-4 credit cards every two years, but I find myself wanting to cancel them after hitting the bonus for the following year's annual fee. Is it okay to cancel and churn credit cards like this or will it have a huge impact on your score?
The effect of opening cards is negligible but can matter if you're expecting to apply for a mortgage or some other big loan in a few months. Closing cards doesn't technically have any impact in and of itself. However, the biggest impact is on length of credit history. Your credit score benefits from the oldest open account as well as having a high average age of account, so the impact of closing any account depends on the relative ages of your accounts. You wouldn't want to close your oldest account, but for example, if you have many old accounts and you just close a much newer one, your score may actually improve if your average age of accounts goes up. This is somewhat complicated by the fact that credit score also improves with number of accounts. In general, you want to create a base of older accounts before closing a bunch of new ones, but after a certain point, the difference is negligible.
@@davidboeger6766 thanks so much for the reply. I've kept most of my accounts (CSR, Chase Freedom, Discover It) over 9 years now but I'm always concerned churning the new bonuses will impact my score cancelling after a year. Great to know it doesn't make a difference. Would it matter if you close too many in too short of a time or does that only apply with opening too many at once?
People not checking their credit report and disregard for utilization rates.
Good video, this video alone got build up my credit portfolio 💼
I wish I watched this video when I got my first credit card. These things are simple but yet I overlooked them
Sidenote: that donut made me hungry,
One thing I see people doing is only keeping 1 or 2 cards. I’m not a fan of this because if something goes wrong with one of those accounts and it gets closed, you lose your credit history and ability o use that card. I think most people should have at least 5 cards.
@@mike-uw6wt I definitely should have mentioned that, because if an issuer takes adverse action, it will probably affect all your cards from them. After Chase cut my credit limit while I was on vacation a few years ago, I swore never to keep just a couple of cards ever again. I found out when I checked into the hotel that my card was declined. Never again!
I’m in the wrong career path , 500k income range lol
Going to finance a car and the dealer done ran your credit through 12 lenders and you wondering how of you went to one dealership lol this happens to alot of people
They do that to lower your score?
Good Info. Thanks ! Also love the closing credit music !
I know people who are in their late 20s who have never had a line of credit. This is so detrimental to their finances. Credit should be touched on in school
One of the easiest thing to do is set up auto minimum payments. Saved me a few months ago when a forgot to hit submit on my regular payment. I have not missed a payment in pushing 20 years.
If you have credit cards maxed out try to get the balances under 90% first i did that and my score jumped from like 530 to 590.
Yes! Great work putting this out there Sebby! Definitely something everyone needs to see so they can keep the best credit score possible!
Thanks so much!!
@@AskSebby I appreciate all you do for the whole credit community! Keep it up!
My biggest mistake was not being aware of this "coupon cutting" approach to credit card use - chasing bonuses and freebies across a wide array of cards. We weren't even doing it well for the few cards we had.
Great video! A lot of people don't understand that having bad credit can ruin job opportunities for you.
I think they do
I didn’t know that besides in the finance sector.
@@technicallygood7569 well you are a fool
@@moderatorenforcement3001 so is someone who's so quick to run their mouth when they don't know what they're talking about and are aided by anonymity as if it made them wise. Wisdom and intelligence are two different things. Clearly you're not the former. You talk too much and judging by the speed at which you shot me down for displaying genuine interest in something I wasn't shy about saying I knew nothing about you don't sin) sound very smart either lol.
@@technicallygood7569 lol, just by educating you, you become so upset. Everyone knows that big name employers run a background and credit check before offering them a possible position. If you are dumb as a rock don't blame and attack people for being an ignorant fool. Go do something more productive.
Does an inquiry include me checking my FICO score every time I get an email saying “your FICO score has been updated?”
No. An inquiry is when a credit issuer (i.e. a bank) formally checks your credit.
That is considered a soft pull and does not affect your credit.
I'd imagine my credit score would be a lot better if I didn't have high balances reported so often, I use the interest free periods fairly well, but once I pay everything off, I'd imagine things would be quite a bit better. I set up autopay for the minimum payment every month so I don't miss any payments, it would be much more ideal to pay interest on a card than to receive a late payment (though you would end up doing both if you missed a payment). Set up autopay, make sure you pay off statement balances as they're reported so you don't pay interest, and just enjoy the rewards that you get from the cards.
You're absolutely right sir, on everything you said....why spend money you don't need to.😉
Hi Sebby, are you going to make a Capital One Venture X video? What do you think of the new card? I believe one of the new Cap1 lounges is open however I haven't seen anyone do a video inside just yet.
The biggest mistake I see people make is in not having credit cards at all. Some are Protestants who think that credit cards are immoral. These people are under the impression that they can do away with having a credit score if they pay for everything in cash. ..so stupid🙄
What do you think building good credit over bad credit for instance , having collections then getting a car loan , and a basic credit card with a 400 limit?
Another awesome vid Seb. You’re right its all about the options!!!! 👍🏼
Hey Sebby! It was great running into you in the lobby of Gild Hall (which was free because I learned how through your videos)! Keep up the awesome content!
Nice! Great meeting you as well :)
@@AskSebby z.
Thoughts on the new Capital One Venture X.
Good card, video coming out tomorrow!
@@AskSebby great! Can’t wait to see it!
Great video as usual, although some of us prefer "craphole cities" and wouldn't live anywhere else. Biggest mistake I see is not paying attention to utilization. I'm finally building business credit so I can keep my personal low.
Great! Great! Great info. Thank you
I closed several credit cards because I was afraid of having too many, but now I have high balances on a couple of them. How easy is it to reopen them?
I had a good credit score then I got a secured Amazon credit and my score went down 70 points
Great Information
Great video
This is spot on an should definitely be taught early on in life.
5 years into his/her career, living in dallas, makes 500k per year. wow!
An excellent video Sebby 👍
That outro is so seamless
I love the clip of Embid punching Lonzo 😂
I had to rewind that 🤣🤣
Business class doesn’t cost anywhere near 20 or 30k .. most anywhere around the world are between $1500 - $4000
Do you think being account holder on some card is good way for some to build credit?
Much more balanced advice than Dave Ramsay's "wah wah wah credit bad bad bad"
Lmao that embid clip
The video quality looks great 👍
Thanks 👍
I think a lot of people just can't compute interest compounded vs interest earned. Frankly I'm done arguing with them. When I hear somebody wants to put 20% down for a conventional mortgage... Because they're worried about mortgage insurance. . and now they got to put all their expenses on a 24% APR credit card. .. drives me nuts. Go FHA and invest your money!! This sort of mentality fits into all sorts of other disputes I have with people about money that have nothing to do with mortgages.
You forgot to mention that you must only use about 30% of your potential loan limit. I made a big mistake by often paying off 100% of what I owed every month but it was because I was using 65% that they dinged my credit score.
Question, half way through a 6 year car loan, I pay 410.00 a month. Credit is 670. Should I refinance or just keep paying the current loan off?
Pay it off
Nice ending theme! Great video too.
Thanks!
I try not to pay annual fees unless absolutely necessary. When covid hit I got hit with a couple because the cancelation lines were tied up.
Digging the outro here
Question
Trying to get a mortgage is it a good idea to apply for 2 or 3 credit card and don’t use them. ? Thanks
Liked the video just now and it hasn’t even started.
Hey Sebby are you still doing your card consultations? I submitted one a few days ago and wanted to hear your thoughts before getting one
Does the buy now pay later in easy installment trend impact your credit score? Especially for someone who don’t have enough credit history and if your existing credit card (say Apple Card) provide option to pay in east installment?
Wish it would help me get a better mortgage. I don't even qualify regardless of my good credit score
There are 3 different credit scores to your credit, your credit card score, your auto or personal loan score, and your mortgage score. The mortgage score is going to be lower than the other 2. Your income to debt ratio also plays a part in getting approve for a mortgage.
amazing concept but they helped me out
Which button do I click to start a rental empire? I currently have an empire of cats and the monetary ROI just really isn't there despite the popularity of cats on YT. So yeah, a rental empire would be great until these little furballs get their shit together. (i'm looking at you mr. whiskers...)
Hey Mandy & Sebby, have you guys found a calculator for state residency based on income/capital gains/property/sales taxes? I figured this would be something you'd think of randomly while on Netflix/Reddit, and this whole Elon Musk thing got me interested in it.
just 30k lol that's good money here in VA
How much do you think a $0 collections balance effects credit?
"Craphole cities" 💀
@AskSebby, what's the best, cheapest way to pay on Student loans in default? They are the only negative things on my credit.
Mistake #8- advertising for Surge mastercards on Sebby's channel. Yeah, this audience is going to jump at that (up to) $1,000 credit limit!!! :)
thank you for great video!
Glad you liked it!
hey sebby! good tips!
thanks!
I have a $200 limit discover secured card, I spend around $13 monthly and pay off right when bill is available. My utilization on my credit says 0% Is that a good thing or bad? And what should I do?
Very true
helpful info, thanks
:)
Hi, does Chase United business and personal explorer card still worth to apply? Thanks.
"I'm going to get this credit card and not touch it and that will help bring up my credit score more than using it would."
It’s a shame these things aren’t taught in school
It's kind of like asking a morbidly obese doctor for advice on losing weight. Kids in school don't want to get lectured by civil servants/public school teachers.
Also credit algos change semi-frequently, we're up to like fico 10. It's not a good idea to tell people "keep CC balances low" and then they take a personal loan to pay it off, and then FICO hits you hard for having a personal loan rather than a CC balance at 0% for 18 months with a 7% Utilization. That exact situation happened to a few people.
It's better to teach people about credit, and how banking works and the differences between banks and credit unions, and teach them about retirement(401k/IRA/403b/SEP IRA) and taxes and social security, rather than some encompassing class with tests and study guides. A lecture series once a month with Q/A is probably all that's really needed for proper education in the school system.
But you have all of this stuff on youtube to accomplish that via Khan Academy and various major banks.
2:45 Oh but I want those secrets that aren't on your RUclips channel 😌
my favorite $10 M youtuber
yes, magical $10M in monopoly money...😂🎩
Who are these people who make $200-500k but don't know that credit is helpful in life?
You'd be surprised how many high net worth people I've met that still pay with a debit card 😬
When people get only airline cards and then stick with 1-2 cards
Why would anyone want to live in a terrible city like San Francisco.homeless everywhere high crime.
because of you we were able to get a nice free stay at a hilton :)
congrats!! :)
@@AskSebby
Even if you're Jeff Bezos level with cash, you just save a lot more with credit and get more with credit cards. 2 Jeff Bezos' but one uses credit, the one who uses credit will always have more at the end of the day
Cool
Thanks for the video!
Oh yeah and
Third :( !
🥉
5 years into your career and make 250k - 300k, as a teacher, sigh…
760 thanks sebby
ohhh
Just waiting on your venture x video, so I can apply in peace!
Later today!
Let's not praise scalpers please.