Top Credit Score Tips and Tricks From a Credit Coach

Рет қаралды 16,305

Күн бұрын

Credit can seem like a mystery, but if you learn how to play the game you can save thousands of dollars and save yourself so much frustration. In this video, Sam and I cover what you need to know about credit to play the game and win.
Free credit review → mycreditguy.com/
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0:00 Who Sam Parker is
1:01 The mission of My Credit Guy
1:56 What MCG does differently
5:20 Where to start with credit
11:31 How to handle collections
19:16 Talking with creditors
20:46 Credit cards
24:41 Why you shouldn't pay off cards
25:57 Inquiries
28:31 Credit monitoring sites
30:16 Closing accounts
34:44 What creditors want
35:16 Playing the credit game
39:00 What to do with bad credit
40:03 Do you know the game?
44:39 The MCG process
45:29 How to get started
LEGAL:
As an Amazon Associate, I earn a commission from qualifying purchases.
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Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

Пікірлер: 128

@XenoSeven86 3 жыл бұрын

I’ve been watching credit stuff for the past year and I haven’t heard half of the info I just learned. Thank you 🙏🏽

@WinTheHouseYouLove 3 жыл бұрын

Happy to help!

@1Letter23Numbers. 3 жыл бұрын

Loving this channel to stay motivated and on track to buy a house. I appreciate your information to fill in the gaps on things I didn't know.or knew too little about. This channel is great for young adults just getting started, and I'm passing this along to people I know will benefit from this information.

@WinTheHouseYouLove 3 жыл бұрын

Thank you so much for watching!! :)

@Ced1993 2 жыл бұрын

I been watching you for 1 year. Thanks you have taught me allot. I close on my first home this Monday. I will be recommending everyone to watch your videos before applying.

@WinTheHouseYouLove 2 жыл бұрын

That is awesome! Congratulations!

@catherineg8820 3 жыл бұрын

One of my favorite videos on your channel! Great content! Thank you!

@WinTheHouseYouLove 3 жыл бұрын

Thank you so much for watching!! :)

@tsheejkoo 3 жыл бұрын

Thanks for the video Kyle, great informative video!

@WinTheHouseYouLove 3 жыл бұрын

Glad it was helpful!

@jenniferbeck7744 2 жыл бұрын

This information is fantastic. Thank you so much. I’ve rewatched this video and took notes. I’m new to this credit game and this helped me so much

@WinTheHouseYouLove 2 жыл бұрын

Fantastic! I hope you learned a lot. :)

@aeshamahdi678 2 жыл бұрын

This is such an excellent channel! Never stop teaching, you were born for to educate others. From one teacher to another. 🙂🤓

@WinTheHouseYouLove 2 жыл бұрын

Wow, thank you!

@nehemiahstewart 3 жыл бұрын

Yes! This is what I need!! Thank you Kyle and Sam!

@WinTheHouseYouLove 3 жыл бұрын

So glad we could help!

@staceyluke82 3 жыл бұрын

@BoutsFamily1 3 жыл бұрын

one of the best videos and collaboration I've watched. Thank you for a great video

@WinTheHouseYouLove 3 жыл бұрын

Glad you enjoyed it! Watch out for more live streams! :)

@mercyjalpert4494 Жыл бұрын

So good. You both have great personalities and a trusty face. Thank you for the important information.

@WinTheHouseYouLove Жыл бұрын

Thanks for watching! You can also watch me and Dan Frio every Wednesday evening on live. ;)

@tylersmash92 3 жыл бұрын

Great content man, keep up the good videos!

@WinTheHouseYouLove 3 жыл бұрын

Thanks, will do!

@ALove4Me 3 жыл бұрын

This video helped me so much! Now I know exactly how I want to go about paying my credit cards.

@WinTheHouseYouLove 3 жыл бұрын

Awesome! I'm so glad it helped!!

@roycreditmasterfix.comeras5133 3 жыл бұрын

Credit Master Fix Group did an amazing job. Their professionalism was beyond compare from beginning to end. They follow through until we where able to accomplish our goal and still they continue to reach out and make sure everything is going well. My appreciation for their assistance is beyond words. They made a stressful situation move along flawlessly and where able to erase all negative items to raise my score 180+ points, just within a few days. Thank you again I will be happy to refer you out. [Roy@creditmasterfix.com]

@Furyyuriy 3 жыл бұрын

This is amazing information! So much knowledge!

@WinTheHouseYouLove 3 жыл бұрын

Thank you so much for watching!! :)

@TBoss3313 3 жыл бұрын

Everyone needs to watch this video!! Wish I would have seen it a year ago and I would have saved money and frustration!!

@WinTheHouseYouLove 3 жыл бұрын

Thank you so much for watching!! :)

@nikki5368 3 жыл бұрын

This is a lot of great information! Thank you both :)

@WinTheHouseYouLove 3 жыл бұрын

Thank you so much for watching!! :)

@marcyc8264 3 жыл бұрын

Great information!!!!

@WinTheHouseYouLove 3 жыл бұрын

Thanks for watching!

@alli9328 3 жыл бұрын

Thank you, it was very inspiring and a lot of knowledgeable information was given that can be used.

@WinTheHouseYouLove 3 жыл бұрын

Glad it was helpful!

@rhondabaldwin7529 3 жыл бұрын

"Roll out of the pocket". I love it!

@WinTheHouseYouLove 3 жыл бұрын

Thank you so much for watching!! :)

@luisito4810 3 жыл бұрын

Awesome information

@WinTheHouseYouLove 3 жыл бұрын

Thank you so much for watching!! :)

@newflame13fiya 3 жыл бұрын

Very helpful! I was thinking of closing two accounts that I recently paid off, so this was extremely useful! I won't be closing those accounts! Thank you.

@WinTheHouseYouLove 3 жыл бұрын

Glad it was helpful!

@shawndawashington8623 3 жыл бұрын

Thank you so so much for this video! I will be contacting My Credit Guy in the morning.

@ashamash 2 жыл бұрын

so good.

@WinTheHouseYouLove 2 жыл бұрын

Thanks for watching!

@bigjack79 3 жыл бұрын

As a fellow credit consultant, this was refreshing.

@WinTheHouseYouLove 3 жыл бұрын

So glad to hear!

@chrishardy4222 3 жыл бұрын

Kyle - i love this video - my U.S. credit is just under 2 years and Im doing everything to manage and keep the score high. btw

@WinTheHouseYouLove 3 жыл бұрын

Great work!!

@dennisg.3364 3 жыл бұрын

Love this video. I need to find a guy like you in Florida to buy my first house!.

@WinTheHouseYouLove 3 жыл бұрын

Thanks! Our team is licensed in FL. You text #apply to 937-358-6542 and I can connect you

@lisacastano1064 3 жыл бұрын

I have a capital one card and pay the statement balance and if necessary a little extra every month and make sure there's a couple of small charges after the statement date to keep a small balance when it reports. I think it's on the 3rd

@WinTheHouseYouLove 3 жыл бұрын

That's great!

@oyegokemubarakadebayo5179 3 жыл бұрын

This has been the most amazing experience with professional people that care about the outcome and helped me in my credit clean up and score , thank you so much. I would use this service and would recommend it to anyone as their prices are reasonable and they do an amazing perfect job on credit files. I was able to erase all my negative records and get my score up to 800+ [Roy@Creditmasterfix.com]

@gmoney0505 3 жыл бұрын

I have a credit card and 2 store cards. I kept that same balance on them at are $75 on each think this will increase my score. I believe since I had the same balance my score has remain the same for 4 months and dropped the next month. So i should at least mix up the balance every month while maintain at least below #50 usage on all three and do not report a zero balance on them at once at any point correct?

@WinTheHouseYouLove 3 жыл бұрын

That would be best, try to stay under 30% on each.

@rayaboulhosn7598 2 жыл бұрын

i still find it very difficult to believe, that the credit bureau, doesnt want to see you pay off all your credit card loans down to zero. I figure, they only want to see you use it as an emergency for a week or two AND ALWAYS LOVE TO SEE YOU PAY IT BACK IN FULL!! Im a young fella, and cant see a problem with paying my credit balance in full every month. This video was extremely helpful, but i still pay it in full because i am worried of the outcome. Great video, Kyle!

@WinTheHouseYouLove 2 жыл бұрын

Interesting! Thanks for watching!

@lynnmazon1654 2 жыл бұрын

What about charge offs with a USDA?

@bethjohnson8800 2 жыл бұрын

May I ask please, how can I find out what day my credit card company reports to the credit bureaus? Thank you in advance, and Thank You So Much for your channel and all of the Invaluable information that you provide to us.

@Cary_Shultz 2 жыл бұрын

Beth, this is what is called the Billing Statement Closing Date. Or similar (different credit cards *might* call it something slightly different). So, if your billing cycle is the 20th of one month through the 19th of the following month, then - for that specific credit card - the balance on the 19th is the balance that said financial institution will report to the three Credit Bureaus (to be transparent, Equifax, Experian, Transunion). Keep in mind that this balance is going to determine the "Credit Utilization" for that specific card for that specific Billing Cycle. Please keep in mind that Credit Utilization is 30% of your FICO 8 score. So, this is super big ("Payment History" is 35% of your FICO 8 score.....so these two components - there are five in total - are of paramount importance to your FICO 8 credit score). And, one more thing - for scores that are more sensitive to "cards reporting a balance" and to "utilization" (think Mortgage scores) it is of really important to be mindful of the above. And, this is somewhat appropriate to this channel, I would suggest! Finally, the "Due Date" is different from your Billing Statement Closing Date. To use the above example (the 20th thru the 19th) the due date is typically some 25 days later (roughly). So, the due date for that balance that was reported on the 19th is going to be the 13th or 14th of the following month. So, to put dates to this, if your Billing Cycle is July 20 thru August 19 (and let's say that the balance reported for that billing cycle is $95) then the Due Date for this balance is September 13th or 14th. Does this make sense to you, Beth?

@annamariethompson116 3 жыл бұрын

This content is Fascinating! On the subject of closing out credit card's, what happens when one is Stienmart & They're going out of bussiness?

@WinTheHouseYouLove 3 жыл бұрын

I messaged Sam and he said: "The debt would have been held by the bank not the furniture store itself so even if they close out the card because it is a close store, the balance to limit ratio still factors and so does payment history. In a situation where the creditor closes the account on a consumer the same same mechanism would apply and they would see an initial score decrease because of the closed trade line and the removal of that account as it factors into the credit usage and balance to limit ratios on revolving credit. Long answer I know." Here's how to get connected with his company → mycreditguy.com/

@annamariethompson116 3 жыл бұрын

@@WinTheHouseYouLove Thank you for that explanation and taking the time to respond ,That was very detailed,.Much appreciated Kyle.

@TheAbenunez 3 жыл бұрын

Would love to hear about trended data. Are lenders even looking at that? And what about alternative data like the boost stuff you mentioned?

@WinTheHouseYouLove 3 жыл бұрын

At the moment guidelines aren't exploring those options unfortunately.

@TheAbenunez 3 жыл бұрын

@@WinTheHouseYouLove thank you! recently found your content and really appreciate it.

@salmatasheik6736 Жыл бұрын

Hi I just join ur channel. Pls am confuse when u say that if u pay off the balance off ur card it can hit ur score. Can u pls explain how exactly we should do it pls. Like some 1 like me, I have been paying off all the balances on my card n even over paying. Pls explain. Eg if I have a credit limit of hundred dollars n I use 20 dollars out of it should I pay 19 dollars n leave a dollar in the account? Pls explain thanks

@mdjabola 3 жыл бұрын

In the process of applying for home loan.My credit score was ran with out my authorization.Then I learned it was ran by this certain mortgage company I am inquiring,we got pre approved months ago by them.Then we ask them for pre approval and they ran my credits again.Is this even legal?I am very careful with my credit score.But do they have to run it twice?same company.Asking for answer Kyle.Thank you so much.You channel has been really helpful so far for me as a new home buyer.

@WinTheHouseYouLove 3 жыл бұрын

It's very possible you clicked a box that allowed them to run it. Most mortgage software will not allow a lender to run credit without a digital authorization. That being said, any time I've been trained on pulling credit, it's always been suggested to have a client's digital and verbal authorization for each credit pull. As far as legality, I'm not entirely sure, but you may find some answers on the CFPB website.

@daltonodonnell8649 2 жыл бұрын

Hey, Kyle! My name is Dalton and I’m a Loan Officer trying to be like you! Lol but I’m all seriousness I love your content and it’s a great inspiration as I am working on building my own brand. Would it be possible to get you on the phone so I can pick your brain about content creation and software to use to make videos look more professional etc? It would truly mean a lot.

@olgacasillas7110 3 жыл бұрын

So if I pay a car payment off that will hurt my score too? Or will it show that I paid the car loan off and show a good credit for lenders later on?

@WinTheHouseYouLove 3 жыл бұрын

Paying it off will temporarily decrease your score, but it will bounce back

@aiem7813 3 жыл бұрын

so in order to qualify for my mortgage I had to pay off all debt including student loan due to high DTI which dropped my score 30 points, thankfully I started off high enough to still qualify in top tier BUT i want to get back to 800+ . I have not yet closed on the loan so my score will drop further once the mortgage reports. Prior to paying off all debt, i had 2 car loans , student loan, 2 personal loans and kept credit utilization under 10%. In time my score will increase, but how do i get back to 800? ** I misunderstood my loan officer and paid all debt too soon prior to the 2nd credit pull**

@WinTheHouseYouLove 3 жыл бұрын

Make sure that your payment experience is always good, pay your bills on time or before the deadline and dispute payment experiences that you think is not accurate (to your Personal Credit Reporting Agency), that's a quick fix. :)

@CarefreeVeee 3 жыл бұрын

Do you know of any other companies like My creditguy? In ga? What makes the credit repair companies “reputable”

@WinTheHouseYouLove 3 жыл бұрын

They work in all of the US

@oyegokemubarakadebayo5179 3 жыл бұрын

@nikki.khristmas.british6155 3 жыл бұрын

Hi Kyle I'm currently on a debt consolidation program and I have no car note....My credit is slowly getting better...My question to you is should I get a credit card to start building a higher score because when I'm done on the program it's going to look like I have no credit or history and my goal is to buy a house in the future...Thank you

@WinTheHouseYouLove 3 жыл бұрын

By using credit cards and paying off the bills each month on time, you can prove you're creditworthy. This will help increase your credit score. :)

@nikki.khristmas.british6155 3 жыл бұрын

@@WinTheHouseYouLove Thank you for responding and help...👍🏾

@annamariethompson116 3 жыл бұрын

How does one check their credit score?

@WinTheHouseYouLove 3 жыл бұрын

I like the soft pull scores that credit cards give you

@JJ-gr7th 3 жыл бұрын

I just paid down my credit card utilization, it was $8600 to pay them down and left a balance on them of only 4% each

@WinTheHouseYouLove 3 жыл бұрын

Great job!

@JJ-gr7th 3 жыл бұрын

@@WinTheHouseYouLove it was the worst thing to do, moving forward I won’t do it again, that could’ve been used for part of a home down. Lesson are learned

@CrumbsLamond Күн бұрын

I have a question, if youre still answering. Related to credit karma maybe not reporting accurate data CK is showing my credit score at 760 for Equifax and transunion Where my Banks FICO score is showing me at 794. Is the real score somewhere in the middle or how would I gage which number is more reflective of my actual current score

@WinTheHouseYouLove 18 сағат бұрын

The mortgage scores are: Experian: FICO Score 2 based on Experian data; also known as Experian/Fair Isaac Risk Model Version 2 Equifax: FICO Score 5 based on Equifax data; also called Equifax Beacon 5.0 TransUnion: FICO Score 4 based on TransUnion data; also called TransUnion FICO Risk Score 04

@taisircleanin 3 жыл бұрын

How can I set payment in my credit card Bank of America app

@WinTheHouseYouLove 3 жыл бұрын

Reach out to BoA's support team

@roycreditmasterfix.comeras5133 3 жыл бұрын

@bengeisser 3 жыл бұрын

Is being an authorized user on a credit card worth it?

@WinTheHouseYouLove 3 жыл бұрын

If it helps your score, sure

@CHEERWKU 3 жыл бұрын

I'm frustrated...been there done that and no results for credit repair. The $800 we spent could have paid down debt... Catch 22! Damned if I do, damned if I don't.

@WinTheHouseYouLove 3 жыл бұрын

Debt stays in your report for 7 years, even if it's paid. That's why we need to be careful with how we purchase and how we pay. Try to call the credit company and dispute some incorrect payment history. Best of luck!

@CarefreeVeee 3 жыл бұрын

So, how does one know WHEN the credit card information is sent

@WinTheHouseYouLove 3 жыл бұрын

Each company is different, you might be able to look up the specific company's reporting date on Google

@JJ-gr7th 3 жыл бұрын

You can also find it on the statements, under closing date. Which is when they report

@jillmullins9307 3 жыл бұрын

@@JJ-gr7th My credit scores increased big time with Mark’s help. From bad to good credit scores in 4 weeks. He even notified me when tradelines were posted. Everything is organized and I like that. Depending on which tradelines package or individual tradeline you purchase, all result in an increase on your credit score - up to 150+ points on all three credit bureaus. Now I have my business loan approved. [Mark@creditpatchup.com]

@amandajones888 3 жыл бұрын

I'm trying to buy a house by March. I have 16k in fed student loans. my credit union is offering a refinance. It's a much better rate but it's my oldest account and im concerned it would affect the age of my credit. I finally got my credit to 740 so I'd hate to ruin that. Would you recommend refinancing it, or should I wait until after I buy a house?

@WinTheHouseYouLove 3 жыл бұрын

I would take the refinance, personally

@amandajones888 3 жыл бұрын

@@WinTheHouseYouLove thanks!

@jillmullins9307 3 жыл бұрын

@@amandajones888 My credit scores increased big time with Mark’s help. From bad to good credit scores in 4 weeks. He even notified me when tradelines were posted. Everything is organized and I like that. Depending on which tradelines package or individual tradeline you purchase, all result in an increase on your credit score - up to 150+ points on all three credit bureaus. Now I have my business loan approved. [Mark@creditpatchup.com]

@mitchmalis5589 3 жыл бұрын

What if your credit score is 700, but you have a collection for 10,000 that is 5 years old. Can you still get a FHA loan for a house and not pay this?

@WinTheHouseYouLove 3 жыл бұрын

If you have a collection, you don't have to pay it abruptly. As long as you're paying it on time, you won't have a problem with your credit score.

@soljah1576 3 жыл бұрын

I closed a $7000 credit card, and 2 $500 credit cards and messed up my credit score completely. I had no idea what I was doing.

@WinTheHouseYouLove 3 жыл бұрын

Bummer, it can always go up from here!

@scorpiomoon2881 3 жыл бұрын

But what if they sue you like LVNV funding 😌 judgements go on your credit report

@WinTheHouseYouLove 3 жыл бұрын

You'll want to work with a credit coach who can help with that

@SisterMaji 3 жыл бұрын

Segment is super but why bombarded with adds every 30 seconds... too hard to watch/ is that you Kyle ?

@WinTheHouseYouLove 3 жыл бұрын

That's KZfaq's choice

@isabellathepinkpoodle639 3 жыл бұрын

In order to keep ads off you have to subscribe to KZfaq

@j.manuelcharriez8115 3 жыл бұрын

👍🏻

@WinTheHouseYouLove 3 жыл бұрын

Thanks for watching!

@j.manuelcharriez8115 3 жыл бұрын

My pleasure 👍🏻

@SheeshMaster64 3 жыл бұрын

he sounds like Alex Jones lol

@lynnmazon1654 2 жыл бұрын

Is it fair to punish my husband with. My bad credit? He doesn’t even shop! 😔

@Yondaily 3 жыл бұрын

I payed my card every month in full and the closed my account

@WinTheHouseYouLove 3 жыл бұрын

Great!