When To Pay Credit Card Bill (INCREASE CREDIT SCORE!)

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Күн бұрын

In this video, I will show you EXACTLY when to pay credit bill to increase your CREDIT SCORE! All my recommendations 👉🏾 bit.ly/naamwynn
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If you ever wanted to know more about your credit card bill and how to maximize your credit score, you're in luck!
First, I will go over everything you need to know when you receive your credit card bill or credit card statement, and explain all the terms you need to know.
Next, I will go over the specific strategies you should take to get the greatest improvement to your credit score.
By the end of the video, you should exactly how and when you should pay your credit card bill to increase your credit score!
Enjoy!
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#creditcardbill #creditcards #creditscorehacks

Пікірлер: 2 700

@NaamWynn 3 жыл бұрын

❤️ If you find my content helpful, become a channel member and SUBSCRIBE! 😎 - bit.ly/332QAtI

@unvcht5046 3 жыл бұрын

Hello I love your videos! Was wondering My credit score just jumped up 71 points by paying off a good amount of my utilization. Now my score is 741. I have a closed account of $1200 debt I was wondering do I still have to pay that or leave it if my credit is going up anyways?

@NaamWynn 3 жыл бұрын

@@unvcht5046 Pay it off. It will hurt you in the long run

@unvcht5046 3 жыл бұрын

Naam Wynn $1200 Amex card was from August 2015 it doesn’t say when it was last reported on credit karma. The only thing it says on credit karma is that it was closed/charge off. On credit karma it shows under LOW impact. Do i have pay whole amount?

@NaamWynn 3 жыл бұрын

@@unvcht5046 If you do owe that amount it would be best to pay back AMEX what you owe if you want to ever want to open any AMEX cards in the future. You can attempt to dispute the charge off like a hard pull if you like

@unvcht5046 3 жыл бұрын

Naam Wynn thank you sir. is there an article how I can dispute it or do a hard pull?

@messagewwwcyberhackspy202n6 9 ай бұрын

I consider you Mr *Web Backdoors* to be both a professional and mentor to those in your profession. I can always rely on your feedback and thoughts. I know that the door is always open for communication with you, which makes each process we work on together so much easier to complete. You are such an incredible problem-solver. Wow. Just wow.

@roselover3996 Жыл бұрын

I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 690 and I’m still going up with *Top Phase Resolution* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.

@nikita.kamble2260 Жыл бұрын

Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.

@nikita.kamble2260 Жыл бұрын

Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.

@toxiicmayhemzz6686 Жыл бұрын

Bruh I’m not saying it’s common sense but literally i’ve never heard anybody say anything good about maxing out their credit card. Why do so many people do it 😭💀

@ahmetenis4382 11 ай бұрын

I have 2 chapter 11’s that are dismissed.The reason I have 2 is bcz I did not use an attorney.I was trying to stop an eviction,but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later,I ended up losing my job.They are scheduled to fall off in January and March 2021.Since I’m looking to purchase a home soon but still there.I am currently enrolled in COGNITIVE HACKS and I must say,I am loving it thus far.I’m doubling it up with your podcast videos and learning A LOT! Thank you.I’m ready to join the millionaire club!!!

@lucacervini3704 9 ай бұрын

I may not know *Web backdoors* that much, but this video right here gave me all the info I need to know about him. He's expert, kind and a concerning person to those who need it most, he doesn't care what others think about him but he also cares about everyone else who needs to be cared for. That's a real KZfaqr imo.

@naky73able 9 ай бұрын

You: How can I get in touch? Me: Type their name as it spell on your browser

@jackiraguzman1724 2 жыл бұрын

Back in my country, I owed a debt for a car, the car was repo for the balance( I gave back the car). Debt collector went to my old address looking for me. I got a hold of the letter, emailed them asking to clarify the debt, explaining the balances, surprised! They never responded! I felt this was some third party trying to get some commission money through a fake debt collector company. I had no knowledge prior I got a derogatory showing on my credit report. It came from a dental company that I owed money to. They send it to a collections agency. I settled with them with *Discreet phase resolution*

@Ahmet-wf8dn 11 ай бұрын

I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude sir and *Web back doors* was so helpful during the process of boosting my credit.

@misholapatrick1925 11 ай бұрын

*Top phase Resolution* is the best credit repair expert I've ever seeing on YT.The dedication,passion and humor he has in these credit industry is what makes it so amazing.I’m happy it's easy to use on backend but excited to see you give that penny to creditors!

@ruyakeskin1451 Жыл бұрын

I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *Top Phase Resolution* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!

@nikita.kamble2260 Жыл бұрын

Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.

@nikita.kamble2260 Жыл бұрын

Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.

@DRAGONE_WAR Жыл бұрын

I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Marvin and *Top Phase Restoration* was so helpful during the process of boosting my credit

@nikita.kamble2260 Жыл бұрын

Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.

@nikita.kamble2260 Жыл бұрын

Your job is top notched and i thank you for your service sir will always love to do more business with You Coleman.

@uzel116 3 жыл бұрын

I’m 17 and this helped me gain a understanding why can’t schools teach us this yet we have to learn leaner equations🤦🏻‍♂️

@ramonsmediablog 3 жыл бұрын

Because the government doesn’t want to inform us on important things you must know. Schools what you to fail and not succeed in life. “You will learn so much from the internet,” rather than school!

@somphetbounthavong745 3 жыл бұрын

you will be successful. stay focused.

@prissylittlemissy_ 3 жыл бұрын

Linear*

@DaddiePoop 3 жыл бұрын

I second the government response. They benefit from a dumb-down population. Learn all you can from "other sources" about finance and economics.

@carlosvillalta9974 3 жыл бұрын

So true bro

@noreenperez8666 3 жыл бұрын

I always pay my credit card, a week before due date, my credit score over 850.😀

@angelambriz4373 Жыл бұрын

How long did it take u to get to a 800 score using a credit card

@rachellehornyak2806 2 жыл бұрын

“ I’m proud of you. Something I wish my parents said” 🤣🤣as an Asian American bruh I felt this. 😂😂 thanks for the info man!

@israfilnabiyev5576 Жыл бұрын

I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 690 and I’m still going up with *85OCREDIT RESTORATION* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.

@otgbaby4615 2 жыл бұрын

You’re a life saver! How does high school not teach this stuff?? Why is learning about what happened 500 years more important than learning how to be an adult!

@Annabee399 3 жыл бұрын

Oh, Yes! I used this strategy and my credit score is 835 and I purchased a home with a 2.7 interest rate.

@Annabee399 3 жыл бұрын

@@TheDCMO 30 year fixed conventional/ opt for a 3O day lock to close within 3 weeks last summer. However, the interest would have been much lower for a 15 year or 15 ARM mortgage then. Any advice?

@gayleh3688 3 жыл бұрын

@@TheDCMO Yes, I questioned that as well.

@Annabee399 3 жыл бұрын

@@TheDCMO Oh, thanks so much for the advice. I also had the opportunity to use a mortgage broker for a lower rate, but I was a bit skittish about extra fees. So I chose a smaller credit union. Hey, I'm always open to information. Always help me! Lol!!!

@michaelswami 3 жыл бұрын

@@Annabee399 smart to lock in a rate with interest rates at historic lows. If they go up, you avoid an ARM increase and if they go down (very unlikely) you can always refi.

@Annabee399 3 жыл бұрын

@@michaelswami How soon after purchase to refinance?

@alesandrohoxha774 Жыл бұрын

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.

@edvinwiberg1964 Жыл бұрын

The common mistake we newbie mistake is venturing into the market without help and legit guidance

@corienderlaan6314 Жыл бұрын

Job will pay your bills, business will make you rich but investment make and keep you wealthy, the future is inevitable.

@samuelmelende8236 Жыл бұрын

Investing in Stocks and Forex is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself

@aronfrasheri8961 Жыл бұрын

Bitcoin is the best coin to invest in fast rising and if you are lucky to have a good broker then I believe you have absolutely nothing to worry about because you are in for a finicial uplift.

@emilwagner9536 Жыл бұрын

As a beginner who don't understand how Bitcoin trade/forex trading really works and you really want to make profit from it. I will advise you to first start working with a professional broker

@KennethBostonian 3 жыл бұрын

I pay on my credit card weekly. My minimum payment was 26.00, so I paid 26.00 weekly because of this payment style. I was given a credit increase of 5,000, and my score jumped up 21 points. I only use a credit card for everyday life. I never use a debt card. I borrow from my self, never from a bank. I’ve learned the hard way in life after 2 bankruptcies, and now a score of 720. The second one will not be off my credit report until 2024. Big mistakes in life, but I was able to correct them. Thank GOD.

@jonathanzapata358 2 жыл бұрын

You can get that bankruptcy off your report

@Dumbluck14 2 жыл бұрын

It enrages me to know that finance isn’t taught in school. It’s obvious why but it’s wrong. A kindergartner can be taught to save. A high school student should be investing. Teach finance age appropriate all the way through school. It would save people a lot of heartache and stop enriching the “man” on our backs.

@ericgarza7201 2 жыл бұрын

Amen to your situation sir

@CEEZYhen 2 жыл бұрын

I’m adopting this method. My pay is changing from semi monthly to monthly but it’s a huge pay increase so I’m trying to figure out the best methods to raise score without having to get another card as I’ve been told. 🤔

@guru8766 Ай бұрын

It should be gone off your credit report now lol

@SubiaMichaelA 3 жыл бұрын

pay in full 4-5 days before the day of the payment

@SubiaMichaelA 3 жыл бұрын

@Steven Allen appreciate it, be safe out here bro.

@lizzyxo9015 3 жыл бұрын

Is that before the minimal payment or final payment due

@jovanimicheo 3 жыл бұрын

@@lizzyxo9015 stuck on same part

@julianiwhite 3 жыл бұрын

@@lizzyxo9015 are you referring to the image on 1:39 ? If so the minimum is the amount due not a date. By final due I assume you mean your due date.

@markwalker3499 3 жыл бұрын

This is just not the case, at least for my cards. I put a pile on one card and went to pay down the bulk of that charge (auto repair) mid month and it was not counted towards my next minimum amount due. You need to pay AFTER your next billing cycle starts and you are notified of the minimum/date due. Otherwise it will not count. So, I charged $2,000 for the repair, and mid month made a $1,500 payment, then at the start of the next month had a minimum payment due by XXX date and make a $250 payment and even though the minimum was like $78 I got no bump from making that $1,500 payment except for the little 4 points from lowering credit utilization. Also, I refi'ed the house in January in order to take advantage of the low 2.25% mortgage interest out there, so for 2 months I had no mortgage debt on my credit report till the new mortgage servicer reported that new balance on my new mortgage. You would think that would make my credit score skyrocket paying off the mortgage, but no, it dropped almost 30 points because now my only debt was credit card debt and that utilization is at 78% right now. It will pop back up once they report to the credit bureaus my new mortgage debt, but till then I am walking funny money-wise.

@mimiwallen 3 жыл бұрын

You’ve absolutely earned my subscription and 👍🏼! I’ve yet to find someone on yt that’s done a good job of making this explanation simple, simple and you’ve got it dude! Oh and the added humor makes the delivery of your msg even better.

@anthonymfly3631 Жыл бұрын

Finally someone that explains how to use it instead of pushing me towards certain cards. Thanks for the video.

@foreverbrownbeauty1118 Жыл бұрын

I am so happy I ran across your channel. You explain so well like a teacher. No fluff just straight and to the point. God bless you have helped me tremendously more than you know.

@fghfghfghfgh7782 Жыл бұрын

When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *85O Credit Rest0rati0n*

@AJ_DGAF Жыл бұрын

I'm so glad I clicked on your video! I was watching other credit videos & they all were telling me to keep a small balance on my account when my cycle rolls over so that way when it reports, it is showing the credit bureaus that I'm using a small percentage of the credit on the card. But then that raised the question of interest charges and contradicted their advice on paying the statement balance in full. I love how you pointed out that this is a myth & your video helped me answer my question! 😊

@EasyAutoLoans Жыл бұрын

this channel is actually fairly on point i must say and not the worst map to follow to improve, fix, and in general build up your credit.

@MsAppleseeds 2 жыл бұрын

To simplify and provide more clarity, what he did not mention is, there is a closing date and due date. Your closing date is when your balance is reported. Keep in mind the closing date can come before or after your due date so make sure to meet both requirements. The key is to pay as much as you can toward your balance before the closing date. To get automatic limit increases, frequently use most of if not all of your balance, but make sure you pay most of if not all the balance back. They interpret this as you need and can handle a higher balance. I’m speaking from personal experience. I don’t use credit cards as extra money. I use what is in my checking account and pay it back, 1 to maintain a high score and 2 to get cash back from the credit cards like Naam said.

@gxp958 Жыл бұрын

When you say “automatic limit increases “ where do u find this at? Which cards or companies is it automatic for?

@whatsapp4947 Жыл бұрын

✍️👆👆👆👆

@MsAppleseeds Жыл бұрын

@@gxp958 any card company. I have a few different credit cards and have received automatic credit increases on all of them. That was not the case in the past when I was only making minimum payments.

@MsAppleseeds Жыл бұрын

@@gxp958 you don’t find it anywhere. The companies automatically issue the increase which will be reflected in your balance and a notice will be sent out to notify you

@michaelstewart1838 Жыл бұрын

@Gee Woods. Thank You. Just got my first Credit Card and forgot how this worked with Due dates and Closing dates. Thank You.

@sarahmoss3748 3 жыл бұрын

I have a total of 70k in limits i use only one card and pay it off every single pay check (every 2 weeks) I average about a 2k balance at any given time.....don't let people fool you into thinking if you pay your cards off too quick you wont have as good of a score lol my score is 817 with little to no effort and I do not currently have a mortgage. People will sometimes try to tell you too that without a mortgage you really can't get your score thatttt high. But that's false. Never pay interest on anything wherever you are able to make that happen! This so important for young people to know before mistakes are made!

@JenniferVee Жыл бұрын

The myth where you said “ppl say keep just a small amount of money not paid to show them your still using your card” fr !!! That’s what everyone tells me ! So glad u addressed this ! I had a credit card of $400 n I just paid $200 right now - but after u stated this ima go back & pay the other half !!

@azizdoruk7083 11 ай бұрын

I have 2 chapter 11’s that are dismissed.The reason I have 2 is bcz I did not use an attorney.I was trying to stop an eviction,but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later,I ended up losing my job.They are scheduled to fall off in January and March 2021.Since I’m looking to purchase a home soon but still there.I am currently enrolled in *85O Credit Rest0ration* and I must say,I am loving it thus far.I’m doubling it up with your podcast videos and learning A LOT! Thank you.I’m ready to join the millionaire club!!!

@misholapatrick1925 11 ай бұрын

@JessieOpportunityCostInvesting 3 жыл бұрын

Watching this was like a breadth of fresh air. Sometimes I struggle on the definitions and the dates because I pay them off so fast without thinking about it. Thank you for sharing!

@NaamWynn 3 жыл бұрын

Thanks Jessie!

@JP_IN_TX 3 жыл бұрын

Excellent information. Keep your credit lines to a maximum of 35% utilization. Pay off as much of that 35% each month as humanly possible.

@mithatkaya6878 Жыл бұрын

Your help was unexpected, it turned out to be timely such a divine intervention, I can’t thank you enough

@jocelynegomez4401 3 жыл бұрын

This was SUPER helpful I’ve been breaking my head trying to figure this out It’s my first time ever getting a credit card I’m glad I found you!

@Jtitor177 3 жыл бұрын

When it comes to credit...I have learned the most from your channel! You rock!!!

@vita4907 2 жыл бұрын

Thank you for this information. First generation of using credit cards my parents aren’t from here so this stuff is all so confusing, they don’t teach any of this in school. Thank you, God bless

@brendaloose1718 2 жыл бұрын

Awesome advice and understandable. It’s not boring and it’s not difficult to understand. I can’t wait to see more of his videos

@705jb 3 жыл бұрын

this is awesome - thanks. i’ve been considering making extra payments during the month to keep my utilization low, but i didn’t consider the effect on my automatic payments since my auto payments are always for the new balance. i guess i will keep my auto payments set up as is. thanks!

@henrylouis5328 3 жыл бұрын

First video I’ve watched on your channel and I love the way you inform. Definitely looking forward to learn more, very helpful and no confusion!

@rhitter94 2 жыл бұрын

Great video! My situation is that I can't afford to pay off my credit cards, but once they are paid off, trust me, I will be using this strategy.

@gseric4721 2 жыл бұрын

Improved my credit score by 20 or so points and just got a credit card. Thanks so much for this video.

@triplexraes9177 3 жыл бұрын

Great video, Answer every question that was in my brain lol

@thealigators8815 2 жыл бұрын

So bro I have found your videos-lessons to be very helpful and educational. I am getting stumped on the best day to pay part though. I am on a fixed income and have 14 credit cards 7 of them are carrying a zero balance and the rest have a grand total of about 400.00 between them. I have been thinking of getting the "due date" on them all moved to the same date, Idk my credit score would bounce up again with *Discreet phase resolution* It’s fully guaranteed and safe and I know this because my cousin has used em to increase his and it’s been two weeks now without any sort of trouble , I’m telling you , they're the best.

@jackiraguzman1724 2 жыл бұрын

@kendalledunkle4822 2 жыл бұрын

I know if you have too many credit cards that can harm your credit as well since you have too many open lines of credit.

@WDFTV Жыл бұрын

@@kendalledunkle4822 That's not true. The more credit cards you have the better.

@rossbennett76 3 жыл бұрын

My bank gave me a credit card limit of 4K on application…. I immediately set a card limit of 500 that was manageable to pay of in full each month. I don’t need the extra 3500 but having that available and clearing card each months also helps as it shows the banks you can control your credit and your score goes up..

@kellyaustin7487 3 жыл бұрын

Man I'm trying to get it together. Thank you brotha, one love.

@Bonbonbon739 2 жыл бұрын

Thanks man I’m 33 and literally everything fell off my credit so I have no credit. I just got a $200 secured Capital one credit card and I had to pay a $99 deposit. I tried this like six years ago, And I would use the credit card, and then I would pay it off when I got paid that week. In full. My credit went down! So I appreciate your help

@brian1801 3 жыл бұрын

Naam -- I am proud of you. Bright young man with an even brighter future. Thanks for using your talents to help others.

@phillynurse9492 2 жыл бұрын

Thank you for this informative content and I can say for certainly that is is absolutely correct. I pay my credit cards off in full every two weeks, when I get paid they get paid. My credit utilization is always below 10% I only spend what I can afford to pay off. I applied for a loan (unsecured) to have my bathroom remodeled and when they ran my credit my score it was 909 they gave me a loan at 2.99% interest rate the lowest introductory offer. I learned the hard way like everyone else to educate yourself and respect the power of budget and spending.

@missdesireindependance5194 2 жыл бұрын

Great video. I don’t worry about utilization because after I pay off the card my score usually goes up. This is only a issue if you try to get a mortgage or car.

@riohenry6382 2 жыл бұрын

I didn’t know about keeping your credit utilization low. Thank you so much !

@lundinarou4971 2 жыл бұрын

I currently have a 680 and always pay my card on time … however my utilization was pretty high the first few months 😭

@marleenchavez6693 2 жыл бұрын

OMG THANK UOU SO MUCH FOR SHARING YOUR KNOWLEDGE !!

@mislady56 Жыл бұрын

Thank you Naam for explaining this $ madness & making it easy to understand.

@moseswilliams9296 Жыл бұрын

Great information, straight to the point, we love it💪🏿💯

@timbahr1792 3 жыл бұрын

Thanks man this reallly helped me. I also just got my first ever credit card and it only stated annual payment. I thought that was yearly. Now i know its monthly

@_kelley7640 3 жыл бұрын

Thank you for your service.

@NaamWynn 3 жыл бұрын

Thank you too

@meareAaron Жыл бұрын

Thanks for the educational tips ive learned a lot from this video

@johnpaulbacon8320 3 жыл бұрын

This was helpful thanks for doing this video.

@kendry0330 2 жыл бұрын

I literally couldn’t find a comment that wasn’t a bot Other than that good advice 👌🏽

@Ekenei 2 жыл бұрын

Ikr

@savannahdiamond8317 2 жыл бұрын

like why so many bots? so weird

@theliamkeane 2 жыл бұрын

WOW! I learned something new. Thank you Naam!

@angelcarter4723 2 жыл бұрын

I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *850 credit restoration* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.

@kenrice 3 жыл бұрын

In my humble opinion, it is best to have the money in the bank before you use your credit card. Always pay the card in full within a couple weeks after the credit card charges are posted. I have an 850 credit score for many years now. Great video

@NaamWynn 3 жыл бұрын

Congrats! That’s great to hear!

@user-zu2nh3nt8y 2 жыл бұрын

You mean I must pay my bill in between 14 days after the billing date, right?

@chrisguzman7926 2 жыл бұрын

I heard it's bad if you pay something off too fast is that not true? barley building credit so I don't know what the best way is

@kenrice 2 жыл бұрын

@@user-zu2nh3nt8y I recommend paying the card off within 30 days, so you do not accumulate Interest and other fees. If I do not have the cash up front to pay the card off, I will not use the card. I always pay within 14 days. Once you go over 30 days the credit card company starts charging high interest rates.

@kenrice 2 жыл бұрын

@@chrisguzman7926 Read my other posting. It is best to pay the card off within 30 days of the charge posting so the credit card company does not have the opportunity in charging you high interest rates.

@yusraqurashi8944 2 жыл бұрын

This was so helpful!! Thank you. Wasn’t boring whatsoever I can’t believe how quickly the video finished.

@anka-hy2sb 6 ай бұрын

I really appreciated this video, as a medium-term *Prime consultant 001* holder. I know you commented on not many people paying attention to this, but it was very relevant for holders such as myself. After watching your thoughts, I will buy more. I also remember your earlier assessment. This will crush the market.

@Shadownian 2 жыл бұрын

There’s one thing these videos tend to forget to mention which got me confused for a while. I heard pay your bill in full..so whenever I charged something I always paid it a day or at most a week later. So I never had a bill with any balance. Wrong thing to do. Wait for that bill then pay it. If you have no balance when the billing cycle comes around then nothing gets reported to the credit bureaus. So for that billing cycle leave a balance and then pay it so it’s reported to the bureaus as a paid payment which looks better then no bill at all.

@abigailblackwod4960 2 жыл бұрын

I was honestly confused about that part too. Thank you for making that clear for me. I just turned 21 and starting to build my credit so I want to start off on the right foot.

@Pedakin 2 жыл бұрын

@@abigailblackwod4960 I’m proud of you! 👍🏾

@jeremymendoza1229 2 жыл бұрын

The balance should preferably read 30% or lower correct ? Thanks

@Muzicboy3 2 жыл бұрын

I’m not sure I’m following this. Are we leaving a balance on the credit card until the payment due date you mean ?

@Muzicboy3 2 жыл бұрын

Also do you need to leave a balance on all your cards? You just at least on 1 card ?

@SimilakChild 2 жыл бұрын

Three things: 1. make sure the balance you owe doesn't exceed 25% ~ 30% of the overall limit 2. make sure your cash advance balance doesn't exceed 50% of the overall cash advance limit 3. Pay about a week before your next expected statement (due date), because that is when your credit score gets updated too.

@pheecomeau2082 2 жыл бұрын

i went over by a few bucks i just got approved for it this month. Can you give me more intel in this please ? thank you

@SuperSPatrick 2 жыл бұрын

Thank you! i stopped watching after the first 4 minutes because it was taking forever to get to the point.

@user-zu2nh3nt8y 2 жыл бұрын

Hello! I'm new in credit card field. I have a question. At point 3, you meant to say that I should pay my bill 1 week before my “billing date”. Right?

@SimilakChild 2 жыл бұрын

@@user-zu2nh3nt8y yup. payments usually take takes 24 hours ~ 2 business days to reflect your statement depending on your bank or card company. if your billing date is the 21st then you wanna pay by the 14th or so. and then your credit score usually updates around the 26th or 28th of that month.

@user-zu2nh3nt8y 2 жыл бұрын

@@SimilakChild My billing date is on 20th monthly. So I should try to pay my card bill on 13th monthly, right? Thanks.

@iremnur_keles_ Жыл бұрын

I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *Top Phase restoration* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.

@konduit-fo7md 2 жыл бұрын

BRAVO!!!!!!!! BRAVO!!!!!! thank you for the information and making it simple to understand.

@hypnoticz9 3 жыл бұрын

Been following this strategy for a few months now. I have to make several payments a month just to keep my utilization low.

@NaamWynn 3 жыл бұрын

Keep up the great work!

@ladyphoenix9752 3 жыл бұрын

Yuup..did same 👌😎

@TheLookatit 3 жыл бұрын

I try to pay some ever Friday because if I wait then im sure im going to spend that money on unnecessary things like wants and not my needs...

@vanwells1902 2 жыл бұрын

Thanks a lot bro💪🏾💪🏾 this was exactly what I need to know

@tahakizi-dp8bx 6 ай бұрын

You are one of the most sophisticated and brilliant KZfaqr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for *Prime consultant 001* much love from Chicago

@janehonda4073 2 жыл бұрын

7:41 that's what I was looking for. Thank you! Subscribed.

@claeslind9532 2 жыл бұрын

Me too but I still don’t understand, Like I want to leave a little bit for them to see that I have small credit utilisation but I just don’t know when it is reported to them and when to pay for that to happen

@chagofrr 2 жыл бұрын

I didn’t really know much about credit score but you’ve completely explained it, Thanks a lot man 👍

@elleizadi7776 3 жыл бұрын

Great video thank you.

@NoPlace-LikeHome 2 жыл бұрын

Thank you for this! You were very simple in your explanation with details

@PHtoCanada 2 жыл бұрын

This is big help.. thanks!

@kobylomax 3 жыл бұрын

this was the best video on credit omg thank you so much! This is the best explanation i have seen yet! I was so confused trying to learn all of this stuff and this made it so simple and easy to understand! Thank you!

@randywiley2593 3 жыл бұрын

The best info ever thx

@christopherlyman1486 2 жыл бұрын

I know the same thing he knows. The main focus of this video consists of two aspects: credit utilization and timely payments; in short, he tells us how to be frugal. There are several reasons why individuals can appreciate his titulary video, pertaining to the pros and cons of credit utilization. To wit: one of those reasons, which is paramount, has to do with seeing the same problems and solutions, concurrently, with the speaker. I was able to follow along rather seamlessly. Credit is complex. There's a lot more he doesn't mention which he may cover at a later time. I believe this gentleman is worth our time. He wants to help people make informed decisions about their finances. Chris

@shan1742 3 жыл бұрын

Wow so transparent and easy to follow! Thank you!!!

@carlosalanderos 3 жыл бұрын

Thank you thank you and thank you again!!! I loved this video and this has helped me better understand how to increase my credit score!!! You awesome!! Wow just thanks!! Had to Subscribe

@NaamWynn 3 жыл бұрын

Glad it helped Carlos!

@msalexholmes Жыл бұрын

Thanks for the tip👍🏾 ima try that

@taaadaaa5256 2 жыл бұрын

Great Job 👍Naam

@DanielIles 3 жыл бұрын

This is SOO well explained. It took me 3 videos and almost an hour to explain all this haha 😂 Bravo 👏 👏 👏

@NaamWynn 3 жыл бұрын

Sup Daniel! I actually got the inspiration from your videos!

@anthonydalton6054 3 жыл бұрын

I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

@michaelswami 3 жыл бұрын

I can confirm, as I went through that process with him.

@rankontop5041 3 жыл бұрын

Just scrolling and seen this, will say you broke it down easy. Straight to the point. No fluff 💯💯 people need to know this. Should also do a video on FICO 10 that's coming out at the end of the year that's going to affect everybody's credit.

@lj4001 3 жыл бұрын

Yes plz 🙏🙏🙏 We need to be Credit 💪🏼

@lj4001 3 жыл бұрын

Also which bureau does each bank’s CC such as BOA & Wells Fargo use when they check ur credit or report to.

@resharddurdley6987 3 жыл бұрын

Yep. This will go back 24 months. This will further make the rich be rich and the poor will be poorer. Thank you for the awesome content

@di4085 2 жыл бұрын

What is FICO 10?

@kettlydesiral6050 Жыл бұрын

So helpful, thank you so much!!

@Biomech011 3 жыл бұрын

I have 11 active CC's & I've been paying in full 5 days before the actual due date for the past 6 years. It has been a superstition/OCD for me. It does help with the score. Great Vid.

@fitybux4664 3 жыл бұрын

That seems like a lot of work to keep track of. I just pay them off every weekend.

@jayceyallen7745 3 жыл бұрын

@@fitybux4664 I'm trying to get my first credit card but am still hella confused and I feel like this video confused me even more lol. Why do you recommend every weekend?

@fitybux4664 3 жыл бұрын

@@jayceyallen7745 I would recommend checking your credit free first. Find some site that lets you do it free, there are many. (But beware of scams of course.) Once you know your credit score, you can know what kind of credit card you should apply for. (There are search engines for that. Again, beware of scams.) I recommend every weekend so it becomes like a habit and so you never miss even one payment. (ONE MISSED PAYMENT will sink your credit faster than a rock.) There is no reason to owe something to a credit card company if you can at all avoid it. I currently have around a dozen cards, my credit is perfect, and I just use them for their rewards. (There can be rewards even on a secured card if you're just starting. Like Discover Secured.) Congrats on getting your first credit card!

@chrisWTG 3 жыл бұрын

what about paying them immediately (Same day or days after) after using the card?

@fitybux4664 3 жыл бұрын

@@chrisWTG Not always possible. That's why I suggest weekly. Not always possible because sometimes merchants take a day to settle the authorization of your credit card. That and you wouldn't want to double pay your balance. (Credit card companies don't always update your owed balance until a day or two later also.)

@blueclearsky 3 жыл бұрын

Thank you for your time. Just recently found you as well.

@RoTeNdO 3 жыл бұрын

I saw in the background that someone is a fellow Marine. So I subscribed. :)

@jh3tskibrave939 3 жыл бұрын

Thank you 🙏🏻 Handsome & Smart 😁

@wilfridjoseph5222 2 жыл бұрын

Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by *CyberHackSpy202🪐net*

@selinapena3276 2 жыл бұрын

VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *CyberHackSpy202🪐net* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well

@Dumbluck14 2 жыл бұрын

Some countries don’t do loans. Not even on houses. You pay cash

@jarenfromvenus 2 жыл бұрын

Please don’t use your personal credit for a house or car.

@MissSussy18 2 жыл бұрын

I only buy things with my credit card that I have the cash to pay for it but I use my credit card to build credit history, yes not everybody manages their finances well, but that’s what I personally do so I don’t feel like I’m overwhelmed and in debt, but credit history is very important, as well as your income and the amount of money saved, it’s best to manage the three altogether for a better chance when buying a house or other important things like that

@nevtube15 3 жыл бұрын

Thanks very helpful

@Michael-qq6pi 2 жыл бұрын

thank you for this vid !

@catfishbobj 3 жыл бұрын

I see you have a USAA card. Thank You for your service . From 1 worn out old Marine .

@monicagomez4616 2 жыл бұрын

I was ignorant and reckless in my credit usage and so my utilization is currently 92%. It’ll probably take me several years to get that number lower than 30% paying the minimum. I’m on fixed income. I hope no one is was/is ignorant about credit as I was. I encourage everyone who uses credit or hope to use credit in the future to get educated about credit. This video is a great start to understanding how credit works best to having a great credit score.

@tinafrompasadena3192 2 жыл бұрын

It's good that you shared your mistake. It's easy to fall into that trap. I hope you find a way to get out of it. If you're in the United States you should use any stimulus money you get to pay it off. Many people don't understand... just because you have a credit card doesn't mean you can afford the payments

@justcallmeray21 2 жыл бұрын

Thank you for sharing!

@sweetlifeofHoney 2 жыл бұрын

Getting in this mess is exactly how they set it up girl... Get a chime credit builder and ull get back right , sooner then u think... U can do it

@211sweetypie 2 жыл бұрын

Thanks dude! Good solid advice.

@leonelrodriguez1568 2 жыл бұрын

I love this! Thank You 🙏🏾

@planetdoomart 3 жыл бұрын

All of this information is gold , thank you ! This thoroughly explained everything I needed to know about when and how to pay my cards to boost my score ! im already at 809 but I wanna hit that 850 mark some day lol

@ricknebiolo2694 3 жыл бұрын

Check out the free myfico forums or even the credit forums on Reditt. Much better information especially on how utilization is arrived at. Simply stated the credit card companies know you use the card even if you always pay in full. They still make money off transaction fees the seller pays. The credit card companies *usually* send the amount owed to the credit agencies a couple days or so after the statement closing date. If you pay in full before this date your utilization rate for that card will be zero. Best is to have all cards report zero except for one with a utilization rate under 9%. Overall utilization reported to agencies (Equifax, Transunion, Experian) should be around 2% even though at some point in the month you might have high balances.

@gayleh3688 3 жыл бұрын

less that 2 percent of people in the US have an 850. best to you. not easy to get, but also, you won't get anything with 850 that you cant get with 800,except self appreciation.................but thats a good thing too :)

@tinafrompasadena3192 2 жыл бұрын

@@ricknebiolo2694 Funny how keeping a balance lowers my score but when I pay a card off that had a balance for more than a month, I get big rewards when the bank reports. I only care what my score is when it comes to getting more credit. But I don't get in over my head in-depth because life has no guarantees of income. My cards are mainly in case of emergency or for a large purchase I don't want to save for but I can make large payments to pay off.

@kttmia2313 Жыл бұрын

VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *850 CREDIT REST0RATI0N* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well