Why Does It Take So Long To Fix Your Credit??!!!

Рет қаралды 10,374

6 жыл бұрын

Welcome to my MissBeHelpful channel!
PATREON: / missbehelpful
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In this video I go over each of the 5 factors of your credit score in detail and explain what each one means.
More from MissBeHelpful:
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How To Earn Rewards Without Hurting Your Credit Score:
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Why I Don't Care About A Perfect Credit Score & You Shouldn't Either:
• Why I Don't Care About...
Should I Close Old Credit Cards?:
• Will Closing A Credit ...
Let’s connect:
PATREON: / missbehelpful
FACEBOOK: / missbehelpful
INSTAGRAM: / missbehelpful
BUSINESS INQUIRIES: Missbehelpful@gmail.com

Пікірлер: 88

@kevinfrancis6759 6 жыл бұрын

Nothing cures bad credit like time.. Good practices.. And discipline! Preach on my sister! ✌🏿

@missbehelpful 6 жыл бұрын

Kevin Francis You RIGHT!!

@rickycampos4770 6 жыл бұрын

Thank you in a couple of days watching your videos my score has improved from 524 to 650

@missbehelpful 6 жыл бұрын

Ricky campos WOW!!! You GO!!!

@extralonely7742 6 жыл бұрын

Ricky campos boy STOP lying

@calvinfrancis4506 6 жыл бұрын

I don't think you have to worry about utilization as long as it doesn't stay high for too long. I spent 80% of a 500 dollar limit on one purchase and then paid my card off in full immediately and my score was not affected

@missbehelpful 6 жыл бұрын

Calvin Francis this is true. I have a video about it - pay down before statement closing date and you’ll be alright!

@JubileeGiggles 6 жыл бұрын

but if I understand right, it sounds like it's better to pay that down immediately, but not to zero-- to between 1 to 9 percent. then pay that 9 percent on the statement due date to maximize utilization.

@ranger-io5db 5 жыл бұрын

If the balance is paid down before the billing cycle ends , then it won't affect your score.

@IsaacKnowReally 6 жыл бұрын

thank you please never delete ur channel I need this for life

@RealLifeMoney 6 жыл бұрын

Nice video girl! A credit score was like a big mystery years ago, and now we know exactly what makes it up! Thanksss :D

@deborahanderson4211 6 жыл бұрын

Hello, it took me four years! I"m well above the 700 mark on all three credit bureaus...

@missbehelpful 3 жыл бұрын

Nice

@mrjv750li 6 жыл бұрын

Needed this !!

@missbehelpful 6 жыл бұрын

YESSSS Glad it was perfect timing!

@dedricbutler8470 Жыл бұрын

Thank you for the knowledge on credit

@terrifauth3591 3 жыл бұрын

What an intelligent young lady! You explain so well and break it down in terms like I understand for the first time! Thank you

@CreditCardJunkie 5 жыл бұрын

Thanks for sharing! Good tips.

@missbehelpful 3 жыл бұрын

You're welcome!

@rosedigitalmarketingmom 4 жыл бұрын

I love all of this great info you are sharing. Thanks so much.

@missbehelpful 3 жыл бұрын

You are so welcome! Thanks for watching :)

@Fashion_Kat 2 жыл бұрын

Good to know that Credit Utilization helps by 30%, it gives me hope. Definitely agree that Time is the answer to fix bad credit. Thanks for all the helpful credit info your really teaching me a lot!

@cliffpeters5801 6 жыл бұрын

Thanks you!🙏🏾👍🏾

@missbehelpful 6 жыл бұрын

Cliff Peters You’re welcome! Thanks for watching and commenting!

@CoryCFC 6 жыл бұрын

Great video ✌

@missbehelpful 6 жыл бұрын

Thanks!

@2sikrecords187 6 жыл бұрын

Great information

@missbehelpful 6 жыл бұрын

2 SiK Records thanks! Glad it was helpful

@curtisdavis8594 5 жыл бұрын

Love this video because you breakdown score mathematically .Plus, you highlight Utilization.Two things matter Score % Utilization.. Thank You.

@missbehelpful 3 жыл бұрын

You're welcome!

@lilmo214 6 жыл бұрын

My credit score went down 30 points because I used 60% of my credit line. I payed off the amount before my closing day but my payment didn't go thru until the following day my cycle had closed. So if you're going to use more than 9% of your credit line make sure you pay it off or bring back to 1%-9% a week before and that will give your payment enough time to go thru. Thanks Yaneli for the time, effort and information you share with us.

@missbehelpful 3 жыл бұрын

You're welcome!

@JohnnyJitsu11 3 жыл бұрын

ThNk you !

@thecoltsnohuddle 5 жыл бұрын

Thank You 😊

@missbehelpful 3 жыл бұрын

You're welcome!

@quickdubbs328 4 жыл бұрын

U made years of credit clear ❤

@missbehelpful 3 жыл бұрын

Yesss that's the goal!!! Clarity!!!

@Bushcraft242 5 жыл бұрын

Great thank you

@missbehelpful 3 жыл бұрын

You're welcome!

@TheRjmayer 6 жыл бұрын

I filed bankruptcy 6 years ago, almost to the day, and had a perfect payment history right up until the bankruptcy. I was even on time on all my payments the day my bankruptcy was discharged. After the bankruptcy it took 4 years to get approved for another credit card, thank you capital one, to start rebuilding. When I finally got approved I had a 537 score on Trans Union. I now have 2 years of perfect payment history and a Trans Union score of 693 but I still get denied a lot of the time for "derogatory public records or collections" and "recent missed or late payments" listed as the reasons. My score hasn't really gone up in about a year so it seems like bankruptcy really hurts your score no matter how long ago it was. It's also interesting that I have 100% payments made on time but am still denied for recently being late or missing a payment. I think they must count bankruptcy as a missed or late payment.

@missbehelpful 6 жыл бұрын

TheRjmayer Bankruptcy is a bit special. It stays on your credit report for 7 to 10 years depending on if it’s chapter 7 or chapter 13. The negative impact on your credit will become less and less hurtful slowly over time. You need to make sure that the bankruptcy and any items related to it are removed from your reports as soon as you it that 10 year or 7 year mark!

@IsaacKnowReally 6 жыл бұрын

your the best and a life saver and ur pretty

@glowingmyway 6 жыл бұрын

I have a question about collections. Im currently one payment away from paying off a collection debt settlement. I could have let it “roll off” but I’m looking to purchase a home in the near future. When it is finally paid, will it negatively affect my credit score?

@samuelmc9074 3 жыл бұрын

Miss be helpful I have a question I am a single member LLC my LLC has great credit for on-time payments and lengths of History now my personal credit it's not so good I just started rebuilding three months ago with a secured card my question is can I somehow piggyback off my LLC and get all that good history and good payments to show up on my personal credit?

@murphybrian5613 6 жыл бұрын

Credit is a mystery your rewarded for a 0% utilization ( you get to keep your current score if you stay under 30% utilization) then your punish for having a utilization over thirty percent (meaning) your score drops

@deborahanderson4211 6 жыл бұрын

what's really making my scores to stay above the 700 mark, are those darn 15 inquiries that are on my Equifax report? I want to get to 780?

@ramirtheblackking3403 5 жыл бұрын

True we must be responsible with credit cards 💳 that’s very important because that can hurt or help our score

@missbehelpful 3 жыл бұрын

Exactly - all about how you use it!

@mthobisiximba5788 4 жыл бұрын

I just joined your channel recently, great content. I only have a single credit card. I have kept my credit utilisation at around 17%. I want to know if there is anything else I can do to increase my credit score but to also have some other types of credit in my report as I only have a credit card and have never had a loan or repayments of any debts in the past. I always pay the credit card in full each month which has about 1000 dollars of credit and I only spend about 17% of it. Besides utilisation which I am planning to bring down below 10% is there anything I need to do to raise my score especially if I am planning on applying for mortgage?

@missbehelpful 3 жыл бұрын

Increase your income if you can get a raise or pick up a side job, the home mortgage lender will care about your debt to income ratio more than anything. Also, consider having someone in your family who is much older and has good credit add you as an authorized user on their very first credit card. Won't hurt your score at all.

@aronanab.3418 6 жыл бұрын

Quick question :If I pay my credit card bill in full each month by the due date and the credit bureau shows a utilization of 0%,is that a good thing for increasing credit ? Or should I leave a balance on the card after the due date and closing date ?Which one will be more beneficial to increasing credit ?

@missbehelpful 6 жыл бұрын

Aronana Barnett It doesn’t have an effect on your score at all. So it’s up to you when to pay it as long as you’re not above 10% but it doesn’t make sense to pay after the due date because then they’ll charge you interest. So pay before the due date always and never pay interest!

@mercyrn6173 6 жыл бұрын

MissBehelpful I always followed your video channels most esp. went there's a new. I have a question how come I paid off in full my balance my four secured credit cards so my utilization 0% then why my score is decreased of - 37% transUnion and 32% Equifax and I dont know to experian? I'm so sad :(, I thought I'm gaining big and more points to my credit scores.

@heavymechanic2 6 жыл бұрын

My suggestion is to leave a small balance on the card (10%) until after the closing date for credit reporting, and then pay it off before the due date to avoid interest.. When other creditors see a zero balance every month, you are not using your credit and it may affect getting a new line of credit.

@mercyrn6173 6 жыл бұрын

Thank you heavymechanic2!

@icris617 6 жыл бұрын

Maybe you can touch on this, when would you add an additional credit card? I opened a new chase card 2 months ago, when could I apply for a new one? Thank you!

@cybern9ne 6 жыл бұрын

If that's your only card, get them now while your AAOA is low. As your credit history matures maybe add one account every 4 to 6 months.

@missbehelpful 6 жыл бұрын

Cristian Henriquez depends on your preference - I’d say only open a new card if you need more credit or you want the perks but make sure it’s never within 6 months of you applying for something else. To be extra safe - wait a year.

@aligam5955 6 жыл бұрын

Where can I Chk my credit score? I paid off my 2 credit card from JC and Macy. But I was thinking of applying Discover card💳 for my everyday thing. I’m so confused in which to have??? Master? Visa? Discover? Please help

@missbehelpful 3 жыл бұрын

The network doesn't really matter (VISA, Mastercard) it will say on the front of your credit card. You can check annualcreditreport.com

@atidmatabenisrael2779 4 жыл бұрын

So sis your saying that if i mess up ome time but i pay my payments on time my credits still goes up?? If that's the case then im good

@missbehelpful 3 жыл бұрын

Yes as long as you don't mess up again. And if it was only one time then you should call and ask them to wipe it as it was only a one time thing and won't happen again.

@extralonely7742 6 жыл бұрын

In April 2017 i started with a 524 credit score. Now this April 2018 i have a 691 credit score. By just paying my balance in full. And every month it goes up a lot !

@missbehelpful 6 жыл бұрын

Viktor Vaughn WHAAAT!? That’s amazing!!!

@extralonely7742 6 жыл бұрын

MissBeHelpful Thank you for your tips/knowledge. You are appreciated. 💜

@nataliegarcia2199 6 жыл бұрын

Can you do a video about insurance?

@missbehelpful 6 жыл бұрын

Natalie Garcia hmm what type of insurance?

@nataliegarcia2199 6 жыл бұрын

MissBeHelpful well I know nothing about insurance other than I need car insurance and health but there’s so many other kinds it makes my head spin. And what are high deductibles? And what’s life insurance?

@mrmentorcreditjamz9305 4 жыл бұрын

How do i remove inquiries

@missbehelpful 3 жыл бұрын

You have to write letters to the credit bureaus asking them to remove them. But they may or may not actually do it. Only way they will remove for sure 100% is if the inquiry was fraud.

@DanielSanchez-rt2xx 4 жыл бұрын

If heaven had a face 😯 it would definitely be her face ❤️❤️❤️ so freaking beautiful ❤️❤️

@VeezyOnTheBeat 6 жыл бұрын

Do you give one on one help ?

@missbehelpful 6 жыл бұрын

VeezyOnTheBeat yes I do! Email missbehelpful@gmail.com

@playlistiphone8743 6 жыл бұрын

LoL, probably meant a different kind of one on one. Hint...it's not basketball

@mercyrn6173 6 жыл бұрын

@MissBeHelpful I always followed your video channels most esp. went there's a new. I have a question how come I paid off in full my balance my four secured credit cards so my utilization 0% then why my score is decreased of - 37% transUnion and 32% Equifax and I dont know to experian? I'm so sad :(, I thought I'm gaining big and more points to my credit scores because I'm 0% of my utilization. Btw I'm fixing my credit.