Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
My dad has two credit cards and both of them are between 600-620, so I have decided to help him. I currently started learning how credit works and now I understand that it’s very important to have a good credit score in the US. I’m now trying to get a higher limit (currently 500) and teach my dad how we need to get it up.
my fico score is 824 key is stay under 20% of available credit and pay it off each month slowly but surely you will get there...if i can do it anyone can!
So sad to see how uneducated the general public is about credit and life... this should be taught in schools while they still have a chance to have a clean start, and never make the mistakes before they even know how it all works and then try to fix it all.
@@missminnos Agreed. Fundamentally, the very fact that we need to use words like "trick" when dealing with paths to better credit make a huge statement as to whats really going on with lenders. Its all a scam to keep people DOWN where they are worth more to ALL involved in this sport.
@@fortyfour6626 yup.. and that is why ( in my opinion) the formulas for multiple different models of score calculation is hidden from general public. I may be wrong, but just makes sense.
Nice video!! The dispute method also works but takes months or years before the credit Agency replies, I tried several times only about two was cleared. I used Credit streamers in clearing my collections and he said exactly the same thing about the collectors not having any proof and his method worked and I have been gaining points ever since. Kept working with this repair company for 2 months, gained about 220 points on my credit score with several collections cleared. I believe there are several ways to fix a bad credit.
If they agree to remove the remark after you pay it, have them send you this promise in writing before you send a dime. If they tell you they can not. DO NOT PAY.
there certain verbal things you need to say when contesting credit like (this contract is no longer valid ) (contract does not exist ) that get them to start taking things off.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
Watch Next --> How can the hottest new show on Netflix fix YOUR finances❓ Check out this video th-cam.com/video/YSllJ-Dp0qw/w-d-xo.html and the five-step process I created from the Marie Kondo method that will 'spark joy' with your money!
Im sorry to put this here like this because I know it probably has little to do with this particular video. How to make investment firms do what you tell them with your money keeps being an issue for my wife and I. Any advice would be appreciated.
Let's Talk Money! with Joseph Hogue, CFA hi . How do I remove my name from a mortgage loan ? I divorced my ex and left him w everything . A few days ago I was checking my credit score and I found out he’s behind and it’s affecting my credit score . I don’t know what else to do because i called the mortgage company and they said the only way i can remove my name is by him refinancing but he can’t be in foreclosure. What do I do now?
I had an installment loan of $6000 from bank.. I just paid it off fully last week and my score DECREASED from 630 to 586.. So bloody annoying !! After research, I found out because this was my only debt. I don’t have any creditcards at all. Hate debt!! Now after advice. I got my credit card for $1000 and hopefully this will help. Credit utilization it is !!
Utilization on balance carried over is the important factor, you can have a 10k limit card and max it out every month, but as long as you pay it before the statement date, it looks like no use at all.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
Let's Talk Money! with Joseph Hogue, CFA my fav is negotiating to remove bad debt. I just been through it the deal is i ask for the deal in writing but wasn't able to get it, but the did promise to the deal and i was left hoping. What else can you do when knowing you owe, so i made the payment ant the removals where done score benefited. Over the years i done many things to improve my score.
Certainly Harrison. Not saying a good credit score will mean you'll be financially successful. What it will do is open the door to financial access to get the money you need and rates you can afford.
I doubt he's "broke" he's simply paying principle and interests payments up the ass that's why he may claim to be broke. He probably has a ton of outstanding credit card balance, and a hefty car payment. His lifestyle is likely financed in other words. If that's the case he should stick to a budget and eliminate unnecessary expenses. His score will continue to be great but he will also have more cash flow at the end of the month to build up a healthy nest egg.
What I meant was who is providing it to you. Very likely you're not paying TransUnion to get your score. It's more likely that you're getting it from something like CreditKarma or a free service from a credit card like Discover. That being the case, you're not getting the version of FICO that lenders use but rather the more generous version that virtually no lender or creditor uses. You do realize that are many different versions of FICO, not just one. There are also other credit scores that are not FICO at all, just in the same general range as a FICO score, which can easily be mistaken for a FICO score, and again, which aren't used by any lenders. Those scores get their data from the same three credit bureaus (i.e. TransUnion, etc.) but use very different formulas to come up with a score. A 19-year old is not likely to have a FICO score of 738. Not the real, lender version anyway.
My score is currently 580. I have debt in collections from when I went through a a hard time. I recently got 2 credit cards and a secured loan to bring up my score. My score has gone up almost 60 points in 2 months.
@@brandiphillips5775 Oh come on, gina@creditmasterfixxllc seems totally legit, "wink wink". I did the same as you, got a $500 limit card and was at 5 something, 8 months later I'm 6 points from 700.
@@kniteryder6274 l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Fortunately in most Commonwealth countries pulling your credit score for renting or hiring is not allowed, as you are not GRANTING CREDIT IN LAW. iN THE USA you can't take a pee pee without your credit being checked. That should be changed, especially when so many real estate THIRD PARTIES want access to your credit score. That's even illegal in the USA but businesses try to get away with it. It's actually against Credit Bureau membership rules, but does not seem to be enforced.
I tried getting a loan to consolidate my debt. It was difficult but when I explained my math and how I intended to achieve the loan payments I was finally given the opportunity to get the loan, not to mention the excellent credit history I had with my lender. My five year loan will now be paid in three years. I have one more year to go.
Consolidating is only an option if the interest rate will be lower than what you are paying for the credit you want to consolidate. Otherwise you are paying the same amount if not more. I'm surprised you did not mention this in your video. This is crucial.
@@aldoogie824 The problem I see is you are still falling into the trap of using and adding credit cards when you apply for a new one. Having a non-cc debt as opposed to all cc debt is a good direction and reflects better on your credit report. It is best to get away from acquiring debt using ccs. Live by the mantra, if you need a CC to pay for something, you probably can't afford it. I am only speaking from my experience.
@@aldoogie824 ... part of your score is length of credit.. if you transfer you are trading the long-standing accounts for a new account and that will make your credit score drop
Yeah I paid off 2 cc and have 2 more to go. Anyway those 2 cc with the 300.00 balances they dropped me becuz of being late which is fine with becuz I was gonna drop them anyway. So now all I have to do is pay them off and it's all good. It may not look good on paper but at the same time those low limit cc are bad for your credit anyway
I just saw a very ignorant comment he probably doesn't know what am 800 FICO is worth. A FICO of 800 is equivalent to about $100,000 so you know the rest
My Fico Scores: Equifax: 850 TransUnion: 799 Experian: 831. Utilization: 1-2% On the side note: Transunion declined my written request to remove a few hard inquiries.
@@josephhogue Thanks for your response! TransUnion sent me a "generic-looking" response, stating that "all inquiries remain on the credit report for two years. Also that the identity of each company by trade name and contact information is provided.My written authorization may not be required to constitute permissible purpose, so if I believe that an inquiry was made without permissible purpose, I need to contact the creditor directly." Something with this letter doesn't add up to me. A lot of people were successful removing multiple hard inquiries from their credit report. This letter is a "brush-off" type of letter. Unless I'm wrong.
Definitely sounds like a template letter. It might be the one they send out first to see if you send another and then they get serious. By law, they have to investigate any disputes on your report.
@@josephhogue After thinking about this... I'm ashamed to admit that I realized what a dumb mistake I made. I need to send the hard inquiry removal request to the Creditor FIRST...not the Credit Bureau (in this case TransUnion). I sincerely apologize. P.S.: I wish I could be wrong.
I think he knows that. I think he was comparing a 100% utilization person to a 50% utilization person and how a lower utilization would look to a creditor in general and not specifically whether 50% utilization is objectively good or not.
I took $500 and put it in a cd. Then used that cd as collateral for $500 loan. Then took the $500 loan proceeds and put it in a checking account where the bank automatically withdrew the monthly payment for me until the loan was paid off. I did this twice to boost my score but you can do it as many times as needed.
Yeah...I was ignorant to pay attention to people who told me to cut up my credit cards and only use budgeted amounts of cash. I did that and my accounts either closed for non use or I cancelled cards. That and one collection agency screw up has me with horrible scores. Starting over at old age sucks. Wish I would have spoken to someone smart who knew the tips to make credit work for me.
This! This is what most debt free gurus don't understand. If you close your accounts or just don't use them, they drop off your credit report. That lowers the 'average age of credit' on your report and destroys your FICO score. Good luck getting a loan or anything after that.
Great info. I’ve learned from Dave Ramsey to also Not Pay Utilities on Credit Cards because the CC Companies see you as irresponsible of not knowing how to handle your finances. So he recommends you pay those by cash (debit cards, money orders, or cash). Basically you depend on a CC to pay your month to month bills which makes you look bad. That’s including cable and cell phone bills.
A lot of people facing different challenges with credit scores its either reduced or declined its really terrible. why sometimes people prefer total cash living.
Yes as my wife and I have to resort to. Just paid for 2 acres of land and using cash to slowly build a home. Now I'm playing the credit game to get the lowest score of 0. That's my goal now. That means I will have 0 debt right?! Lol
Glad to have found your channel Joe, I was just thinking about consolidating my debt and stumbled across your channel. Just applied with USAA for a personal loan to consolidate some of my credit cards to for a better rate. Keep up the great work!
Walmart issued me a new chipped card and closed my old swipe card. This affected my score by 20 points because THEY had closed my first account and issued me a new account. walmart/synchrony bank closed that account and issued me a new one. I disputed which dropped my score more. They said it's not possible but it happened and it took me a month or two to go up but it went up less then the lost points.
@@josephhogue that's what they said when I disputed my credit score drop. The only issue is that I have maybe 3 or 4 accounts and only Wal-Mart/synchrony Bank was the issue then the dispute was the other issue. I religiously monitor my score. Thanks for the great info by the way.
Joseph it’s time to update lad, FICO and Vantage score are going to change again. I use Self Credit and it’s slowly building up my score from 640-680 and I paid two collections
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882 *...
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882*...
I'm not defending this video in any way at all because it's crap. BUT it's actually a promissory note. You promise to do so much work, I promise to give you a value for your work.
My biggest barrier to high credit was always length of credit history. Thankfully, I'm now 10 years out of college and have built up my history, so my score finally broke through to the 800s. I've always been sure to keep that oldest card in good standing.
Totally Stefanie. I've always thought the credit scores were a little unfair to younger people, like FICO should have something that calculates credit scores differently by age. You can be great managing your credit and debt but get no love on credit scores if you don't have that length of credit history.
Seeing the credit score from a specific bureau isn't quite as important as seeing the credit report from each. Your score at each of the three bureaus will be about the same, especially if the stuff on each report matches up. Experian is notorious for making it impossible to see your score. Most credit cards that offer a free look at your FICO use TransUnion. I would focus on finding your score from one of the others and getting your credit reports from each.
Let's Talk Money! with Joseph Hogue, CFA thanks .....I know my scores from trans union & Equifax, but Equifax has 2 closed accounts on it both over 5 years, it only allowed me to dispute 1 of them,& the other 1 it said that my information didn't match there's, I'm hoping that they see it's closed & I paid it off back in 2012 .that is what Equifax is showing. trans union has nothing on my report negative..so I'm thinking that's why my score is 685 with them & 585 on Equifax....
Let's Talk Money! with Joseph Hogue, CFA my credit report is good,my score is 685 with trans union & Equifax is 645 ..I have a problem with something..on my trans union report every thing is good, Equifax is showing a car I had bk in 2010 I had repo,but I got it bk & paid the car off..it says the account is closed and paid..it want let me dispute it to take it off my report, it says my information didn't match there's..my question to you is how do get that off my report? again it's not on trans union, but is on Equifax..
800+ hack: Utilization is a huge factor. No matter what your limit, keep it under 20% utilization at all times. Pay it in full by the due date. If you have more than one cc, make sure most of them are at zero balance and rotate using each, ensuring that only one or two have balances each month. Don't rack up those inquiries. You don't need more than two or three credit cards in order to have flexibility and use the above hacks to get and keep your 800+ credit score. By the way the above won't work if you don't have a grip on your spending so be sure to have a budget in place prior. Live simple.
@@elaguiladorada2014 I have a 840 fico score so I know what I'm talking about. Use only 20 percent of the 300 which will be 60.00. Pay in full each month.
@@elaguiladorada2014 the hard thing about this is that the credit bureaus see your highest balance, now that may not be held against you, but it is sent to the credit bureaus. the leskovar risk that you can be where look like to the credit bureaus I would say the better. and for the credit card companies you can still get the same desired result by keeping a 30% utilization at all times yes you are making more payments overallbut you are getting that same result of I'm using it I'm paying it off I'm using it and paying it off
I made my credit jump up 199 points up in a month from 514 to 713 then to 760 the following month. It’s pretty simple. Just find someone with a high credit card $50,000+ with less than 10% used and have them add you to the card as a user.
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Let's Talk Money! with Joseph Hogue, CFA Rule number 2 = do not live above your means ! Don't buy rent units you cannot afford to pay for if your renter flakes out on you !
If you own more than $5000.00 like I did, you need to sacrifice things that you enjoy doing for you to increase your credit score 1. Pay your bills on time, twice a month will help you a lot. 2. Stop abusing your credit card 3. Manage your paycheck properly. 4. You can depend on your credit card for important thing that you really need, but not for thing that you don't need. 5. Get a job that pat you more than 45,000.00 My credit score is 804, 770, and 769. It took me 18 months to pay all my credit cards, now I can get a loan over $25,000
Say you have a $5,000~ debt with one CC. Open another CC with an intro offer (ie: $300 after spending X in 3 months). Pay yourself the money you need to cover the other credit card with a POS like Square or PayPal Here. The fee for using it is way less than a cash advance. You'll have spent the minimum spend basically transferring your debt to another card and get some "free" money on top of it. That's what I did to get out of debt. I haven't used any of my CCs since.
As soon as you close your older established credit accounts your score will drop as it decreases your average age of accounts. If there is no annual fee you should leave your revolving accounts open.
@@josephhogue That's what I was thinking. Question is, which is the less of the 2 evils if they both impact your credit score? BTW @3:05, "TranUion"? How long have I been alseep? 😁
I wish I could close my Amex Gold card which charges me a fee every year , a fee with perks and services I really do not use. If you'r wondering why did I get it, well I was very young and knew very little about credit cards then. They accepted my request right away and off I went. Now , since I do pay a fee on that card and I've had it for such a long time, it is one of my most used cards and oldest credit history cards. So closing it at this point will most likely hurt me a great deal, but I sure wish I could close it to not have any yearly fees . My credit is excellent as it is, so I don't know if closing it will even matter much to my credit score just my history. Your thoughts/ what woould you do?
Great question and one I struggled with on an American Airlines citi card. In your case, I'd say close it but try to do it at least six months before you'll need to use your credit. Your score should have pretty much rebounded by then. Another option is to call and tell them you're going to cancel unless they waive the fee (might not work every year but should get you at least one year). No reason to pay annual fees to a credit card.
@@josephhogue Yes I think I will eventually be closing it, thanks much . I have other cards just as old as that one so my credit history should be very good still. I've ownd and sold a home plus had a few cars that are fully paid off. Thanks again J.
ABSOLUTELY DO NOT CLOSE YOUR ACCOUNT THAT WILL CHANE THE LENGTH OF YOUR CREDIT HISTORY which is 30% of your FICO Horrible advice I am 34 and have a 813 fico that took me 13 years to get Do not close an account
3 years ago-425! Now (2019) 600. Up up and going! There’s no “tricks” you have to put in work. I got 8 accounts removed but left 2 of the older ones with lower balances. Opened a secured credit card and kept it under 15% utilization for 6 months, bam 100 point jump! Opened 2 store cards that offer points, gained another 50 points. Now have a credit union account and another new secured card (no jump yet) keep credit inquiries low and be patient
What store cards did you open I need a 50 point jump. Fixing my scores as well I went from a 530 and now 5 points from 700 on one credit report and a 630 and 714 on another it's been about a year been working hard!!
I love the info on raising the score but there is a big issue with you scoffing at someone raising their savings to the level where they can pay cash for their car. It's something we should all do.
Definitely think paying cash for a car is achievable. I don't like the advice you get from many that says only pay cash for a house though. Totally unrealistic for most people.
Surely there are ways to get collections and charge offs taken off your credit sooner than you think, there are loopholes in every system. Though I did use the services of a programmer and credit analyst called Royson Brandon from Credit Master Fix LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Anyone that says they can fix your credit in less than a few months is a scam. Credit scores are based on long-term credit history and what's on your report. That doesn't change overnight.
Hi Monica Nunez, Gina also helped me pay off the student loan and increase my credit score... You can just go to their website on creditmasterfixllc,com and see things for yourself
Hello Monica, I know student loans can be stubborn, well I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Asking for a credit line increase does help but doesn't it also cause a hard inquiry hit when requesting the increase because they check your current credit reports to decide on the increase you are requesting?
Most credit card issuers will do a soft inquiry for a credit increase (same they do for those pre-approve offers) so it won't hurt your score. You're right, if they do a hard inquiry it can hurt your score a little but not as much as the lower credit utilization helps boost it.
Hey Joseph great tips on boosting your credit score! Thanks Just came across your channel and like what you are doing so I am a new subscriber and looking forward to seeing more of your content!
Thanks Bob. I'm producing a series on debt payoff exclusively for TH-cam to start mid-June. Really excited to help people with it and what it could mean.
My score right now is 645. I’m thinking about a personal loan to pay down my 29% interest credit cards, but am afraid of what the hard inquiry will do to my credit score! This would be my first one! I’m trying real hard to get my score up by next year so I can get a mortgage! My question is, should I get the personal loan even though it will effect my credit?
Most of the personal loan sites will do a soft pull of your credit to estimate your rate. This is like what happens when you're pre-approved for a credit card and doesn't hurt your score. At that interest rate on cards, I would definitely shop around on a few sites to consolidate.
Actually getting put on someone else’s stuff is not realistic no one wants to do that and most wont ask or have someone to ask so I’m glad he didn’t say to do that
That’s not true. My mom added me as an authorized user on two cards and it increased my credit dramatically. It doesn’t damage her credit and I get the benefits of her impeccable credit history.
Here's how to pay off your mortgage 10 years early and save a fortune in interest ! Split your monthly mortgage payments into weekly or bi-weekly payments. If you pay your mortgage only once per month it takes many more years to pay it off because you're gouged alot in interest. Paying weekly or bi-weekly reduces the principal amount MUCH FASTER...so the end result is paying off your mortgage way ahead of schedule and saving big bucks in accrued interest!
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Wow really amazing video, i like that very interesting brother has an 800 credit score... and he's broke. Good credit rating is not always a sign of financial success
Why would you call your credit card company and tell them they will get paid in a few months if they remove a mark on your credit report? Seems to me that they could care less as long as you are making payments.
Valid question. The idea is to tell them you might not be able to stay on payment if you can't settle some of the debt. They would much rather take a little discount and get cash now than wait and maybe not get it all later.
Hello Jeff, I was sitting near to some woman at my church some time ago when i heard them talking about gina@creditmasterfixllc,com helping them clear their credit debt... and when i asked them if she can help me with my bankruptcy they said yes... And then gave me her email.. believe me after contacting GINA on her email she gave me her direct number which i also texted her on... And after 6 days working with her..... She helped me remove the bankruptcy on my credit
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Always glad to help and welcome to the community. Doing a few videos on great side hustle ideas that might help, th-cam.com/video/jnyLDuK3WEo/w-d-xo.html
How do I get the things removed and how do we know how long it takes to get them removed. Also they have wrong addresses on my credit file. does that make a difference. I have some things on there from 8-10 yrs ago Bonnie
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
I have a question and maybe someone else might chime in and answer this. You said in the first tip that this even may work for legit debt. What happens to that amount that you owe? Just because it’s not in your report doesn’t mean you don’t owe it anymore right? I feel a bit weird about disputing a debt I know I owe lol. Did I misinterpret what you said? Thanks in advance!
If the creditor doesn't respond to the dispute, it gets wiped off your report. Usually isn't going to work with debt you are paying on because the creditor is definitely going to respond (and you really don't want to use it for that anyway). I'm talking about the past accounts you've paid off but maybe have a missed payment on or some other bad mark. Creditors don't care what's on the report after you've closed the account so they don't respond.
Let's Talk Money! with Joseph Hogue, CFA I understand that definitely. Let me give you an example to better illustrate my question. If some one steals a lawnmower from me and I don’t report it, it’s still stolen. My question is: even if the debt is stricken from the credit report, the debt still exists right? It’s just no longer being reported am I correct in this?
If they don't even read your letter, how is the mark removed from your account? What do you do if you don't get a response in 30 days as you requested in your letter?
They legally have to investigate and give you a response. Keep a copy of your letter and send it 'return receipt requested' to prove they got it. If they don't respond, you can sue the credit bureau. Happens all the time.
How you repay your student loan debt depends on the rate and your income. If the rate is low enough (and student loan debt is usually one of your lower-rate debts) then prioritize other debts for payoff and pay the minimums on your student loans. You also want to check out the different loan repayment programs like income-based. If you income is low enough, you might not even have to make payments. Check out this video for consolidating your debt th-cam.com/video/gavPg6oRxFY/w-d-xo.html
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
Your rate will still probably be fairly high but the idea is that it's still lower than your current debt, so you're saving money on the interest and making it easier/faster to repay. I wouldn't consolidate if the rate wasn't lower though.
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
What if you don’t have debt or any of these loans or things going on, how do you build your score from there? & a better FICO score? I already open two things unsecured credit cards 💳. I use them to make small payments every month. Now what?? HELP!!!
You do need to talk with a credit repair professional. I know of someone who you can talk to and you can ask him questions if he can help with your situation. He charges reasonable fees but he will tell you if he can help you or not. If he does not there is no charge. Take a chance. Also, you may need to know that owning a home now is less expensive for you than renting. If you can solve this problem and re direct your goal to owning a home - that will be more beneficial for you in the long haul. contact (COMPUTERSPYEXPERTS@GMAIL. COM) or text (859) 780-3779
Credit repair success is one good thing that happened to me this year and I’m very grateful to PROTON who made it possible. I am a single Father, I had collections, late payments and my credit score was 520, it’s so tough trying to get a car loan, my truck broke down and it’s too much to fix it’s a 2008 and 287,000 miles and needs 3,600 worth of work and it’s not worth it. I have been renting and this is so much cost on me so I decided to look for a means to fix my credit so I can get approved for a car loan. I came across Proton on a reliable credit site which listed his email PROTONVIRUS123 at TECHIE dot COM, +for any kind of credit help. I emailed him and to cut the story short PROTON came through, he deleted all the negatives and raised my score to 812. Email him now and have your credit fixed in a short period of time.
I just want you to know. If ever you had to go bankrupt again. I will promise you a personal loan from my own account for a stick of gum. Your welcome 🙏😎
Ahhhh you can't get a credit card with a 560 fico score, my fico is 594 and I have 2 credit cards one with 900 and the other with 500, I've had them both for 2 years and have never missed or been late, I've payed off 2 cars with no late or missed payments I have a current used car loan with a high rate and payment, I can't get a checking account because I was over drawn, there fault not mine so now I can't get a checking account, my son needs oral surgery that ins won't cover, tried to get care credit and was refused for 1000 bucks even begged both my credit cards for a raise and was turned down, I've started with challenging the negative marks on my credit and so far only had 2 removed from experian, do i have to write disputes to all the credit bureaus?? I've been working on building my credit for 4 years, I started at 570 and only gone up 24 pts, I don't think your process works for everybody and it definitely doesn't work the way you say it does at where I'm concerned
There are a lot of issues here that are keeping your credit score lower. First, yes you have to dispute the bad marks with every credit bureau. Getting something off one report won't get it removed off another without writing them. Start there and your FICO will increase.
Let's Talk Money! with Joseph Hogue, CFA oh ok so people with bad credit getting approved for loans now a days to pay off delinquent ones. Now I understand 😂😂😂😂
No, increasing your credit limit doesn't result in an inquiry. Your credit card company may do a soft inquiry, the same they do to pre-approve you but this doesn't affect your score.
Really depends on your credit score Aaron. I've got a video coming out that explains it but basically you want to go with the best lender that will accept your FICO. For credit scores above 720, I would go with either SoFi or Lending Club. For lower scores, you can try PersonalLoans.com or Upstart. They all do a soft pull of your credit report, which doesn't hurt your credit score, so it's definitely best to apply to at least a few to see who offers the lowest rate. Good luck. Let me know how it turns out.
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I cannot locate this information on your blog, the list or the infographic you mentioned...
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
My dad has two credit cards and both of them are between 600-620, so I have decided to help him. I currently started learning how credit works and now I understand that it’s very important to have a good credit score in the US. I’m now trying to get a higher limit (currently 500) and teach my dad how we need to get it up.
my fico score is 824 key is stay under 20% of available credit and pay it off each month slowly but surely you will get there...if i can do it anyone can!
Great credit score! Right on with the debt-ratio, will help improve your FICO and just a good idea to save on interest.
@@josephhogue its an excellent credit score :)
As long as you dont have any negative remark
Wish that was true. I paid my credit card of completely and they took 44 points from me and no one can explain why.
Thanks!!!
So sad to see how uneducated the general public is about credit and life... this should be taught in schools while they still have a chance to have a clean start, and never make the mistakes before they even know how it all works and then try to fix it all.
Looks like calls for personal finance classes in school are getting louder. Only a matter of time before it's in the system.
@@josephhogue I wonder how much louder the creditors will have to get to keep their high interest rate customers to keep their money flowing..
This is exactly what happened to me. Now I’m trying to rebuild.
@@missminnos Agreed. Fundamentally, the very fact that we need to use words like "trick" when dealing with paths to better credit make a huge statement as to whats really going on with lenders. Its all a scam to keep people DOWN where they are worth more to ALL involved in this sport.
@@fortyfour6626 yup.. and that is why ( in my opinion) the formulas for multiple different models of score calculation is hidden from general public. I may be wrong, but just makes sense.
Nice video!! The dispute method also works but takes months or years before the credit Agency replies, I tried several times only about two was cleared. I used Credit streamers in clearing my collections and he said exactly the same thing about the collectors not having any proof and his method worked and I have been gaining points ever since. Kept working with this repair company for 2 months, gained about 220 points on my credit score with several collections cleared. I believe there are several ways to fix a bad credit.
Please read my posting on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
If they agree to remove the remark after you pay it, have them send you this promise in writing before you send a dime. If they tell you they can not. DO NOT PAY.
there certain verbal things you need to say when contesting credit like (this contract is no longer valid ) (contract does not exist ) that get them to start taking things off.
Athlenticcyber / is real and best.
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
thank God the surgery was successful,all thanks to Usacyberworld at telegram.. you are the best
Athlenticcyber telegram is the best for credit score 💯
At 2:50 he actually start talking about the content
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
@@uncletookie9102 its youtube. Get to the point. Lots of self help people on here.
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Im sorry to put this here like this because I know it probably has little to do with this particular video. How to make investment firms do what you tell them with your money keeps being an issue for my wife and I. Any advice would be appreciated.
Let's Talk Money! with Joseph Hogue, CFA hi . How do I remove my name from a mortgage loan ? I divorced my ex and left him w everything . A few days ago I was checking my credit score and I found out he’s behind and it’s affecting my credit score . I don’t know what else to do because i called the mortgage company and they said the only way i can remove my name is by him refinancing but he can’t be in foreclosure. What do I do now?
Students loan you erase
Marc3lina 1969 he baby girl there’s a solution... if you really want it
RealestRealist hey really
I had an installment loan of $6000 from bank.. I just paid it off fully last week and my score DECREASED from 630 to 586..
So bloody annoying !!
After research, I found out because this was my only debt. I don’t have any creditcards at all. Hate debt!!
Now after advice. I got my credit card for $1000 and hopefully this will help. Credit utilization it is !!
Utilization on balance carried over is the important factor, you can have a 10k limit card and max it out every month, but as long as you pay it before the statement date, it looks like no use at all.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
What's your favorite credit score hack? How long did it take to boost your FICO?
Hi Néed.Help with Raisin My Credit Score So I Can Buy A House Can U Help Me Out Please? Joseph Hogue?
Let's Talk Money! with Joseph Hogue, CFA. How hard is it to start your own Credit Reporting Agency and what is involved to make that possible ??
Let's Talk Money! with Joseph Hogue, CFA. can you help with credit issues and increase the credit score and I like to know how much you charge ?
Let's Talk Money! with Joseph Hogue, CFA my fav is negotiating to remove bad debt. I just been through it the deal is i ask for the deal in writing but wasn't able to get it, but the did promise to the deal and i was left hoping. What else can you do when knowing you owe, so i made the payment ant the removals where done score benefited. Over the years i done many things to improve my score.
if you wanna increase your credit score at really affordable charges contact on Instagram @crystal_hacker to get the job done.
My brother has an 800 credit score... and he's broke. Good credit rating is not always a sign of financial success
Certainly Harrison. Not saying a good credit score will mean you'll be financially successful. What it will do is open the door to financial access to get the money you need and rates you can afford.
Magaret Anthony is this legit?
Here's a more complete formula: (Steadily increasing income X Steadily increasing credit score) + Patience + Discipline = Steadily increasing financial freedom.
What does that have to do with this?
I doubt he's "broke" he's simply paying principle and interests payments up the ass that's why he may claim to be broke. He probably has a ton of outstanding credit card balance, and a hefty car payment. His lifestyle is likely financed in other words. If that's the case he should stick to a budget and eliminate unnecessary expenses. His score will continue to be great but he will also have more cash flow at the end of the month to build up a healthy nest egg.
I’m 19 and my fico is 713. I started only 5 months ago.
Keep the it up. Same with retirement plans. Start young and you can retire young.
Start you OWN business
Who's telling you your score is 713?
@@morpheus6749 TransUnion. It's at 738 now.
What I meant was who is providing it to you. Very likely you're not paying TransUnion to get your score. It's more likely that you're getting it from something like CreditKarma or a free service from a credit card like Discover. That being the case, you're not getting the version of FICO that lenders use but rather the more generous version that virtually no lender or creditor uses. You do realize that are many different versions of FICO, not just one. There are also other credit scores that are not FICO at all, just in the same general range as a FICO score, which can easily be mistaken for a FICO score, and again, which aren't used by any lenders. Those scores get their data from the same three credit bureaus (i.e. TransUnion, etc.) but use very different formulas to come up with a score. A 19-year old is not likely to have a FICO score of 738. Not the real, lender version anyway.
My score is currently 580. I have debt in collections from when I went through a a hard time. I recently got 2 credit cards and a secured loan to bring up my score. My score has gone up almost 60 points in 2 months.
GINA also helped me
@@oliviajohnson7457 No thanks, I can do it myself.
@@brandiphillips5775 Oh come on, gina@creditmasterfixxllc seems totally legit, "wink wink". I did the same as you, got a $500 limit card and was at 5 something, 8 months later I'm 6 points from 700.
I have 2 credit cards and cannot get an increase on either of them
@@kniteryder6274 l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Fortunately in most Commonwealth countries pulling your credit score for renting or hiring is not allowed, as you are not GRANTING CREDIT IN LAW. iN THE USA you can't take a pee pee without your credit being checked. That should be changed, especially when so many real estate THIRD PARTIES want access to your credit score. That's even illegal in the USA but businesses try to get away with it. It's actually against Credit Bureau membership rules, but does not seem to be enforced.
Dwight St John So true and I hate that inquiries are a bad thing. Makes you not want to apply for anything.
Please read my posting on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
I tried getting a loan to consolidate my debt. It was difficult but when I explained my math and how I intended to achieve the loan payments I was finally given the opportunity to get the loan, not to mention the excellent credit history I had with my lender. My five year loan will now be paid in three years. I have one more year to go.
Consolidating is only an option if the interest rate will be lower than what you are paying for the credit you want to consolidate. Otherwise you are paying the same amount if not more. I'm surprised you did not mention this in your video. This is crucial.
Ummmm.... credit cards run in the 14-33% range. Surely any debt consolidation loan is less than that.
@@aldoogie824 The problem I see is you are still falling into the trap of using and adding credit cards when you apply for a new one. Having a non-cc debt as opposed to all cc debt is a good direction and reflects better on your credit report. It is best to get away from acquiring debt using ccs. Live by the mantra, if you need a CC to pay for something, you probably can't afford it. I am only speaking from my experience.
How can you get a loan to consolidate your debt when you qualify for one becuz of bad credit. It's just hard to raise the score but easy to lower
@@aldoogie824 ... part of your score is length of credit.. if you transfer you are trading the long-standing accounts for a new account and that will make your credit score drop
Yeah I paid off 2 cc and have 2 more to go. Anyway those 2 cc with the 300.00 balances they dropped me becuz of being late which is fine with becuz I was gonna drop them anyway. So now all I have to do is pay them off and it's all good. It may not look good on paper but at the same time those low limit cc are bad for your credit anyway
This is my first time watching your video, first in want to say OOO Rahh Devil. I'm glad I've found you.
Semper-Fi Kenny. Welcome to the community.
What a successful increase of credit score by athlenticcyber on telegram
I just saw a very ignorant comment he probably doesn't know what am 800 FICO is worth. A FICO of 800 is equivalent to about $100,000 so you know the rest
Complaints can be filed online and not all complaints remove stuff on your credit
My Fico Scores: Equifax: 850 TransUnion: 799 Experian: 831. Utilization: 1-2% On the side note: Transunion declined my written request to remove a few hard inquiries.
Did they provide any reason for why your request was denied?
@@josephhogue Thanks for your response! TransUnion sent me a "generic-looking" response, stating that "all inquiries remain on the credit report for two years. Also that the identity of each company by trade name and contact information is provided.My written authorization may not be required to constitute permissible purpose, so if I believe that an inquiry was made without permissible purpose, I need to contact the creditor directly." Something with this letter doesn't add up to me. A lot of people were successful removing multiple hard inquiries from their credit report. This letter is a "brush-off" type of letter. Unless I'm wrong.
Definitely sounds like a template letter. It might be the one they send out first to see if you send another and then they get serious. By law, they have to investigate any disputes on your report.
@@josephhogue After thinking about this... I'm ashamed to admit that I realized what a dumb mistake I made. I need to send the hard inquiry removal request to the Creditor FIRST...not the Credit Bureau (in this case TransUnion). I sincerely apologize. P.S.: I wish I could be wrong.
if you have a limit of 10,000 and owe 5,000 that's 50% of the balance and over the 30% which makes you a risk. You can only spend
Love the trick for that quick financial boost to credit score. One of the few credit score hacks that works immediately.
I think he knows that. I think he was comparing a 100% utilization person to a 50% utilization person and how a lower utilization would look to a creditor in general and not specifically whether 50% utilization is objectively good or not.
I took $500 and put it in a cd. Then used that cd as collateral for $500 loan. Then took the $500 loan proceeds and put it in a checking account where the bank automatically withdrew the monthly payment for me until the loan was paid off. I did this twice to boost my score but you can do it as many times as needed.
Yeah...I was ignorant to pay attention to people who told me to cut up my credit cards and only use budgeted amounts of cash. I did that and my accounts either closed for non use or I cancelled cards.
That and one collection agency screw up has me with horrible scores. Starting over at old age sucks. Wish I would have spoken to someone smart who knew the tips to make credit work for me.
This! This is what most debt free gurus don't understand. If you close your accounts or just don't use them, they drop off your credit report. That lowers the 'average age of credit' on your report and destroys your FICO score. Good luck getting a loan or anything after that.
Great info. I’ve learned from Dave Ramsey to also Not Pay Utilities on Credit Cards because the CC Companies see you as irresponsible of not knowing how to handle your finances. So he recommends you pay those by cash (debit cards, money orders, or cash). Basically you depend on a CC to pay your month to month bills which makes you look bad. That’s including cable and cell phone bills.
A lot of people facing different challenges with credit scores
its either reduced or declined
its really terrible.
why sometimes people prefer total cash living.
Yes as my wife and I have to resort to. Just paid for 2 acres of land and using cash to slowly build a home. Now I'm playing the credit game to get the lowest score of 0. That's my goal now. That means I will have 0 debt right?! Lol
Glad to have found your channel Joe, I was just thinking about consolidating my debt and stumbled across your channel. Just applied with USAA for a personal loan to consolidate some of my credit cards to for a better rate. Keep up the great work!
Walmart issued me a new chipped card and closed my old swipe card. This affected my score by 20 points because THEY had closed my first account and issued me a new account. walmart/synchrony bank closed that account and issued me a new one. I disputed which dropped my score more. They said it's not possible but it happened and it took me a month or two to go up but it went up less then the lost points.
Disputing something on your credit score won't drop your score. There might have been something else that hit it at the same time.
@@josephhogue that's what they said when I disputed my credit score drop. The only issue is that I have maybe 3 or 4 accounts and only Wal-Mart/synchrony Bank was the issue then the dispute was the other issue. I religiously monitor my score. Thanks for the great info by the way.
Please read my post on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
Joseph it’s time to update lad, FICO and Vantage score are going to change again.
I use Self Credit and it’s slowly building up my score from 640-680 and I paid two collections
Loan for a stick of gum....lol that was funny. Great video!
Thanks. Nobody ever accused me of being a comedian but I try to make credit scores a little less boring.
Ultimatehackweb / telegram is real and best.
Usacyberworld at telegram is so legit and affordable
cash is debt. says so right on the paper "federal reserve note". no paying with cash. one discharges with debt notes.
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882 *...
who is making the claim? I got me helped by this man who increase my credit score to 760 at affordable price you can reach him on *instagram* *@Hotz882*...
I'm not defending this video in any way at all because it's crap. BUT it's actually a promissory note. You promise to do so much work, I promise to give you a value for your work.
My biggest barrier to high credit was always length of credit history. Thankfully, I'm now 10 years out of college and have built up my history, so my score finally broke through to the 800s. I've always been sure to keep that oldest card in good standing.
Totally Stefanie. I've always thought the credit scores were a little unfair to younger people, like FICO should have something that calculates credit scores differently by age. You can be great managing your credit and debt but get no love on credit scores if you don't have that length of credit history.
Let's Talk Money! with Joseph Hogue, CFA why is it that I can't see my experian credit score? Or is it one at all...
Seeing the credit score from a specific bureau isn't quite as important as seeing the credit report from each. Your score at each of the three bureaus will be about the same, especially if the stuff on each report matches up. Experian is notorious for making it impossible to see your score. Most credit cards that offer a free look at your FICO use TransUnion. I would focus on finding your score from one of the others and getting your credit reports from each.
Let's Talk Money! with Joseph Hogue, CFA thanks .....I know my scores from trans union & Equifax, but Equifax has 2 closed accounts on it both over 5 years, it only allowed me to dispute 1 of them,& the other 1 it said that my information didn't match there's, I'm hoping that they see it's closed & I paid it off back in 2012 .that is what Equifax is showing. trans union has nothing on my report negative..so I'm thinking that's why my score is 685 with them & 585 on Equifax....
Let's Talk Money! with Joseph Hogue, CFA my credit report is good,my score is 685 with trans union & Equifax is 645 ..I have a problem with something..on my trans union report every thing is good, Equifax is showing a car I had bk in 2010 I had repo,but I got it bk & paid the car off..it says the account is closed and paid..it want let me dispute it to take it off my report, it says my information didn't match there's..my question to you is how do get that off my report? again it's not on trans union, but is on Equifax..
800+ hack: Utilization is a huge factor. No matter what your limit, keep it under 20% utilization at all times. Pay it in full by the due date. If you have more than one cc, make sure most of them are at zero balance and rotate using each, ensuring that only one or two have balances each month. Don't rack up those inquiries. You don't need more than two or three credit cards in order to have flexibility and use the above hacks to get and keep your 800+ credit score. By the way the above won't work if you don't have a grip on your spending so be sure to have a budget in place prior. Live simple.
Great credit hacks dj. Should definitely try to pay off credit cards every month but if not possible then under 20% utilization is key.
brooklyn if i starting out with 300 cc would it hurt if I use the 300 usd and pay off completely as soon as i use it?
@@elaguiladorada2014 I have a 840 fico score so I know what I'm talking about. Use only 20 percent of the 300 which will be 60.00. Pay in full each month.
Lisa Patera thanks to Mr Vlahd for helping me increases my credit score as well
@@elaguiladorada2014 the hard thing about this is that the credit bureaus see your highest balance, now that may not be held against you, but it is sent to the credit bureaus. the leskovar risk that you can be where look like to the credit bureaus I would say the better. and for the credit card companies you can still get the same desired result by keeping a 30% utilization at all times yes you are making more payments overallbut you are getting that same result of I'm using it I'm paying it off I'm using it and paying it off
Great information. Good vid!
Ultimatehackweb / telegram is real and best.
I made my credit jump up 199 points up in a month from 514 to 713 then to 760 the following month. It’s pretty simple. Just find someone with a high credit card $50,000+ with less than 10% used and have them add you to the card as a user.
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Credit hack number 1 pay yo bills on time !
Yeah but that's not always so easy to do.
Let's Talk Money! with Joseph Hogue, CFA Rule number 2 = do not live above your means ! Don't buy rent units you cannot afford to pay for if your renter flakes out on you !
It is pretty easy and if you cannot do it, no other trick is going to help.
If you own more than $5000.00 like I did, you need to sacrifice things that you enjoy doing for you to increase your credit score
1. Pay your bills on time, twice a month will help you a lot.
2. Stop abusing your credit card
3. Manage your paycheck properly.
4. You can depend on your credit card for important thing that you really need, but not for thing that you don't need.
5. Get a job that pat you more than 45,000.00 My credit score is 804, 770, and 769.
It took me 18 months to pay all my credit cards, now I can get a loan over $25,000
Debt company’s are a waste of time,what they can do I can save myself the money and do that myself.dont fall for that guys!!!!!!
Say you have a $5,000~ debt with one CC. Open another CC with an intro offer (ie: $300 after spending X in 3 months). Pay yourself the money you need to cover the other credit card with a POS like Square or PayPal Here. The fee for using it is way less than a cash advance. You'll have spent the minimum spend basically transferring your debt to another card and get some "free" money on top of it. That's what I did to get out of debt. I haven't used any of my CCs since.
As soon as you close your older established credit accounts your score will drop as it decreases your average age of accounts. If there is no annual fee you should leave your revolving accounts open.
Booya correct. It also increases your credit utilization ratio because it decreases your credit available.
Please read my posting on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
@@josephhogue That's what I was thinking. Question is, which is the less of the 2 evils if they both impact your credit score? BTW @3:05, "TranUion"? How long have I been alseep? 😁
I wish I could close my Amex Gold card which charges me a fee every year , a fee with perks and services I really do not use. If you'r wondering why did I get it, well I was very young and knew very little about credit cards then. They accepted my request right away and off I went. Now , since I do pay a fee on that card and I've had it for such a long time, it is one of my most used cards and oldest credit history cards. So closing it at this point will most likely hurt me a great deal, but I sure wish I could close it to not have any yearly fees . My credit is excellent as it is, so I don't know if closing it will even matter much to my credit score just my history. Your thoughts/ what woould you do?
Great question and one I struggled with on an American Airlines citi card. In your case, I'd say close it but try to do it at least six months before you'll need to use your credit. Your score should have pretty much rebounded by then. Another option is to call and tell them you're going to cancel unless they waive the fee (might not work every year but should get you at least one year). No reason to pay annual fees to a credit card.
@@josephhogue Yes I think I will eventually be closing it, thanks much . I have other cards just as old as that one so my credit history should be very good still. I've ownd and sold a home plus had a few cars that are fully paid off. Thanks again J.
ABSOLUTELY DO NOT CLOSE YOUR ACCOUNT
THAT WILL CHANE THE LENGTH OF YOUR CREDIT HISTORY which is 30% of your FICO
Horrible advice
I am 34 and have a 813 fico that took me 13 years to get
Do not close an account
@@newyorkmedicalmarijuana4711 thanks , I'll just continue using it then . Glad you answered on time , was about to do so in a couple of months .
There are so much savings with Amex that your fee can be nothing or next to nothing. Try to down grade it
3 years ago-425! Now (2019) 600. Up up and going! There’s no “tricks” you have to put in work. I got 8 accounts removed but left 2 of the older ones with lower balances. Opened a secured credit card and kept it under 15% utilization for 6 months, bam 100 point jump! Opened 2 store cards that offer points, gained another 50 points. Now have a credit union account and another new secured card (no jump yet) keep credit inquiries low and be patient
What store cards did you open I need a 50 point jump. Fixing my scores as well I went from a 530 and now 5 points from 700 on one credit report and a 630 and 714 on another it's been about a year been working hard!!
Sura Chambers Walmart and Kohl’s
@@MrHerks okay awesome and thank you so much for you swift reply!!
I really appreciate the credit knowledge you share.
I love the info on raising the score but there is a big issue with you scoffing at someone raising their savings to the level where they can pay cash for their car. It's something we should all do.
Definitely think paying cash for a car is achievable. I don't like the advice you get from many that says only pay cash for a house though. Totally unrealistic for most people.
Please read my post on repairing and increasing credit and paying your mortgage off early while saving a fortune in interest....IT WORKS !
How do I get charge offs off my credit sooner than they will come off
Hello Daina, eail gina@creditmasterfixllc,com she would help you
Surely there are ways to get collections and charge offs taken off your credit sooner than you think, there are loopholes in every system. Though I did use the services of a programmer and credit analyst called Royson Brandon from Credit Master Fix LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Man! People need their credit fix now! Not YEARS man! I’m just saying . I know how you can fix your credit now!
Anyone that says they can fix your credit in less than a few months is a scam. Credit scores are based on long-term credit history and what's on your report. That doesn't change overnight.
How please tell me the secret......bettter yet what's your fee...
@@josephhogue sir how do I increase my credit score.....
I'm interested. Plz let me know.
@@josephhogue true its long term
How about student loans.? That the only thing that hurts my credit.
Hello Monica, email gina@creditmasterfixllc,com she would help you remove the student loan affecting your credit report....
Hi Monica Nunez, Gina also helped me pay off the student loan and increase my credit score... You can just go to their website on creditmasterfixllc,com and see things for yourself
Hello Monica, I know student loans can be stubborn, well I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
765 FICO here
Excellent score. Did you notice rates coming down as your score increased?
Asking for a credit line increase does help but doesn't it also cause a hard inquiry hit when requesting the increase because they check your current credit reports to decide on the increase you are requesting?
Most credit card issuers will do a soft inquiry for a credit increase (same they do for those pre-approve offers) so it won't hurt your score. You're right, if they do a hard inquiry it can hurt your score a little but not as much as the lower credit utilization helps boost it.
Hey Joseph great tips on boosting your credit score! Thanks Just came across your channel and like what you are doing so I am a new subscriber and looking forward to seeing more of your content!
Thanks Bob. I'm producing a series on debt payoff exclusively for TH-cam to start mid-June. Really excited to help people with it and what it could mean.
Funny how I managed to do this myself. 2 points. Pay off your bills, don’t buy stuff. It’s all stuff, and when you die your kids won’t want it.
would my mortgage and car loan also fall under debt to credit utilization?
Generally it's only revolving debt so things like credit card and HELOC
My score right now is 645. I’m thinking about a personal loan to pay down my 29% interest credit cards, but am afraid of what the hard inquiry will do to my credit score! This would be my first one! I’m trying real hard to get my score up by next year so I can get a mortgage! My question is, should I get the personal loan even though it will effect my credit?
Most of the personal loan sites will do a soft pull of your credit to estimate your rate. This is like what happens when you're pre-approved for a credit card and doesn't hurt your score. At that interest rate on cards, I would definitely shop around on a few sites to consolidate.
Actually getting put on someone else’s stuff is not realistic no one wants to do that and most wont ask or have someone to ask so I’m glad he didn’t say to do that
That's not true, did this with my son who is in college and kept the card to help him.
That’s not true. My mom added me as an authorized user on two cards and it increased my credit dramatically. It doesn’t damage her credit and I get the benefits of her impeccable credit history.
The link to “21 Credit Score Hacks” has part of the article listed there and the info graphic is for something like “5 Ways....etc.”
Here's how to pay off your mortgage 10 years early and save a fortune in interest ! Split your monthly mortgage payments into weekly or bi-weekly payments. If you pay your mortgage only once per month it takes many more years to pay it off because you're gouged alot in interest. Paying weekly or bi-weekly reduces the principal amount MUCH FASTER...so the end result is paying off your mortgage way ahead of schedule and saving big bucks in accrued interest!
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
Thanks for the info.
I need help
Wow really amazing video, i like that very interesting brother has an 800 credit score... and he's broke. Good credit rating is not always a sign of financial success
Awesome video here. Just had to subscribe ♡♡
Ultimatehackweb / telegram is real and best.
Ultimatehackweb / telegram is real and best.
Hey Joe, you misspelled the word "union"
This is July 18, 2020
741 baby !
741 is a solid FICO. Great job!
Thank you. You might be in need of similar help I can assure you they can handle it.
I need to fix my credit score. 😥
Hello Jaytee, email Gina on gina@creditmasterfix,com she would help you fix your credit score... and you can as well text her directly on 13127012216
Hi Jaytee Gurrero, Gina also helped me... you can just go their website on CREDITMASTERFIX,COM and see things for yourself
Wow... really happy seeing this here...Gina also helped me increase my score
Jaytee Gina is the best credit repair service i know... She helped me remove 6hard inquiries from my credit report
Gina is a scam
I have a dismissed bankruptcy from 2014..I never went through with the bankruptcy but it still shows on my report..Can i get that removed?
If it was dismissed without filing, it shouldn't be on your report. Write the credit bureaus to remove it and should come off.
Text *Jameskosta2* on Instagram He did mine.
Why would you call your credit card company and tell them they will get paid in a few months if they remove a mark on your credit report? Seems to me that they could care less as long as you are making payments.
Valid question. The idea is to tell them you might not be able to stay on payment if you can't settle some of the debt. They would much rather take a little discount and get cash now than wait and maybe not get it all later.
Good debt can boost your score
Exactly, well making payments regularly on good debt will boost it.
@@josephhogue What is good debt?
@@stevejohnson9788 student loans
thanks you sr for this video i am trying to build my credit and this video help me a lot.
I’ve got money sit back with no cards and my truck is paid for in cash. I paid 26k for my truck in cash. Why pay to get someone else rich
If you can get rates lower than what you make on other uses like investing, why not use debt?
How do you do it with bankruptcy on your Credit
Hello Jeff, I was sitting near to some woman at my church some time ago when i heard them talking about gina@creditmasterfixllc,com helping them clear their credit debt... and when i asked them if she can help me with my bankruptcy they said yes... And then gave me her email.. believe me after contacting GINA on her email she gave me her direct number which i also texted her on... And after 6 days working with her..... She helped me remove the bankruptcy on my credit
l I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
I'm at 524 with 3 high remarks could I still build credit with the remarks
@Mellisa Ferdinand actually worked?
@Mellisa Ferdinand help me with that :)
Good advice, which i was aware of. Thxs
How can I get my credit karma increased?
By donating money to a church 🙏. This will change your karma from bad to good.
Not sure I understand what you mean. Talking about Credit Karma (the company) or karma for your credit?
If you ask for increase on your credit cards will that be a hard inquiry on your credit?
Usually a soft-pull. It's similar to how the credit card companies pre-approve you for offers.
Thank you
Well explained, sir
thanks man im trying to get into financial freedom and credit
Always glad to help and welcome to the community. Doing a few videos on great side hustle ideas that might help, th-cam.com/video/jnyLDuK3WEo/w-d-xo.html
Thank you!!
Ultimatehackweb / telegram is real and best.
How do I get the things removed and how do we know how long it takes to get them removed. Also they have wrong addresses on my credit file. does that make a difference. I have some things on there from 8-10 yrs ago Bonnie
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
I have a question and maybe someone else might chime in and answer this. You said in the first tip that this even may work for legit debt. What happens to that amount that you owe? Just because it’s not in your report doesn’t mean you don’t owe it anymore right? I feel a bit weird about disputing a debt I know I owe lol. Did I misinterpret what you said? Thanks in advance!
If the creditor doesn't respond to the dispute, it gets wiped off your report. Usually isn't going to work with debt you are paying on because the creditor is definitely going to respond (and you really don't want to use it for that anyway). I'm talking about the past accounts you've paid off but maybe have a missed payment on or some other bad mark. Creditors don't care what's on the report after you've closed the account so they don't respond.
Let's Talk Money! with Joseph Hogue, CFA I understand that definitely. Let me give you an example to better illustrate my question. If some one steals a lawnmower from me and I don’t report it, it’s still stolen. My question is: even if the debt is stricken from the credit report, the debt still exists right? It’s just no longer being reported am I correct in this?
Ah, yes. Even if something's not on your credit report, if you signed for it then the creditor still has a legal right to the payment.
If they don't even read your letter, how is the mark removed from your account? What do you do if you don't get a response in 30 days as you requested in your letter?
They legally have to investigate and give you a response. Keep a copy of your letter and send it 'return receipt requested' to prove they got it. If they don't respond, you can sue the credit bureau. Happens all the time.
Any tips on student loan debt?
What company's combine debt from all bills?
How you repay your student loan debt depends on the rate and your income. If the rate is low enough (and student loan debt is usually one of your lower-rate debts) then prioritize other debts for payoff and pay the minimums on your student loans. You also want to check out the different loan repayment programs like income-based. If you income is low enough, you might not even have to make payments.
Check out this video for consolidating your debt th-cam.com/video/gavPg6oRxFY/w-d-xo.html
Anything with the word hacker just seems untrustworthy to me. I'm just saying😒
Thank you for the video! I saw the USMC corporal chevrons on the wall - Semper Fi
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g..
If your credit score is low and you try to consolidate your debts , how do you get low interest rate loan?
Your rate will still probably be fairly high but the idea is that it's still lower than your current debt, so you're saving money on the interest and making it easier/faster to repay. I wouldn't consolidate if the rate wasn't lower though.
keep on paying your credit bill on time and never late
Wow thanks ray for helping me increase my credit score :)
I did use the services of a programmer and analyst called Royson Brandon from Credit Master Fix LLC to get rid of student loan, debts, bankruptcy and hard inquiries off my credit report and my score was also boosted to 790+ within a short period of time. You can get to him via [Royson@creditmasterfixllc.com] if you're in need of any credit help or advice.
thank God the surgery was successful,all thanks to Usacyberworld at telegram.. you are the best
Debt IS bad! But having buying power (good credit) is good!
What if you don’t have debt or any of these loans or things going on, how do you build your score from there? & a better FICO score? I already open two things unsecured credit cards 💳. I use them to make small payments every month. Now what?? HELP!!!
Using any type of credit card will help build your credit score, just make sure you're paying them off each month.
You do need to talk with a credit repair professional. I know of someone who you can talk to and you can ask him questions if he can help with your situation. He charges reasonable fees but he will tell you if he can help you or not. If he does not there is no charge. Take a chance. Also, you may need to know that owning a home now is less expensive for you than renting. If you can solve this problem and re direct your goal to owning a home - that will be more beneficial for you in the long haul. contact (COMPUTERSPYEXPERTS@GMAIL. COM) or text (859) 780-3779
Credit repair success is one good thing that happened to me this year and I’m very grateful to PROTON who made it possible. I am a single Father, I had collections, late payments and my credit score was 520, it’s so tough trying to get a car loan, my truck broke down and it’s too much to fix it’s a 2008 and 287,000 miles and needs 3,600 worth of work and it’s not worth it. I have been renting and this is so much cost on me so I decided to look for a means to fix my credit so I can get approved for a car loan. I came across Proton on a reliable credit site which listed his email PROTONVIRUS123 at TECHIE dot COM, +for any kind of credit help. I emailed him and to cut the story short PROTON came through, he deleted all the negatives and raised my score to 812. Email him now and have your credit fixed in a short period of time.
He makes some good points.
my credit score is 745 they denied me saying i had insufficient credit history .
Who denied your credit? That's really rare that someone with a 745 credit score would be denied even someone with limited credit history.
Same im 19 got denied for an auto refinance with the same credit score
@@josephhogue how much you charge for your credit repair services....
I wish I had 700 much less 745
Your oldest card may not be very old.
Thank you for the great video
Always glad to help Robert. Thank you for being a part of the community.
Am part of the lucky team, thanks to all friends who recommended Zenithcyber1 at telegram to me, it’s real
I just want you to know. If ever you had to go bankrupt again. I will promise you a personal loan from my own account for a stick of gum. Your welcome 🙏😎
What if you have cards and you don’t use them much like let’s say every 4 months and then it’s paid in full end of month
Great info thanks!
What a successful increase of credit score by athlenticcyber on telegram
Ahhhh you can't get a credit card with a 560 fico score, my fico is 594 and I have 2 credit cards one with 900 and the other with 500, I've had them both for 2 years and have never missed or been late, I've payed off 2 cars with no late or missed payments I have a current used car loan with a high rate and payment, I can't get a checking account because I was over drawn, there fault not mine so now I can't get a checking account, my son needs oral surgery that ins won't cover, tried to get care credit and was refused for 1000 bucks even begged both my credit cards for a raise and was turned down, I've started with challenging the negative marks on my credit and so far only had 2 removed from experian, do i have to write disputes to all the credit bureaus?? I've been working on building my credit for 4 years, I started at 570 and only gone up 24 pts, I don't think your process works for everybody and it definitely doesn't work the way you say it does at where I'm concerned
There are a lot of issues here that are keeping your credit score lower. First, yes you have to dispute the bad marks with every credit bureau. Getting something off one report won't get it removed off another without writing them. Start there and your FICO will increase.
Let's Talk Money! with Joseph Hogue, CFA Thank you
The 50% utilization is absolutely terrible it should be the highest at 30%and before it gets reported to the credit bureaus 10% or less
Millennial Math agreed.
Finally got my car refinanced they gave rate of of 5%
Excellent rate Mike.
Great video it it's not going to work for someone with bad credit
Why wouldn't it work for someone with bad credit? Most of these credit hacks are specifically to clean up bad credit.
Let's Talk Money! with Joseph Hogue, CFA oh ok so people with bad credit getting approved for loans now a days to pay off delinquent ones. Now I understand 😂😂😂😂
Kris Andrewws you make no sense, so don’t be too cocky. Everything you’ve said is either flat out wrong or just non-sensical.
Credit = Myth.
Donnan Jessie why wouldn’t he charge
Are you sure with the number 2? By increasing my limit, the bank will do a hard inquiries on my account. Which will hurt my credit. Right?
No, increasing your credit limit doesn't result in an inquiry. Your credit card company may do a soft inquiry, the same they do to pre-approve you but this doesn't affect your score.
@Dean Scott Scam
If you are maxed, no way cc co will increase limit
what is an good company to consolidate all my debt with?
Really depends on your credit score Aaron. I've got a video coming out that explains it but basically you want to go with the best lender that will accept your FICO. For credit scores above 720, I would go with either SoFi or Lending Club. For lower scores, you can try PersonalLoans.com or Upstart. They all do a soft pull of your credit report, which doesn't hurt your credit score, so it's definitely best to apply to at least a few to see who offers the lowest rate. Good luck. Let me know how it turns out.
if you wanna increase your credit score at really affordable charges contact on Instagram @crystal_hacker to get the job done.
Thanks for the tricks
Screw the I love debt score
+1.8.1.8.8.6.3.6.5.9.3 💯 fixed my cc score
My FICO increased rapidly by 102 points by inquirybased247 @ yahoocom or +18188636593