Master P, Dame Dash, Suge Knight & Wack 100 are the only dudes that give game back to their community but most just pay attention, or are interested in the bullshit.
I was with him until he said keep your utilization at 25%. A higher utilization actually hurts your score. I can see 10% if you if you're working with 0% interest cards. Secret: have multiple cards that offer balance transfers and you'll never pay interest
It also depends on how much you spend. You can keep at 10 percent with 0 APR if you are spending alot money on them tens of thousands etc. The CC company gets a percentage off each swipe or use. They also get the APR broken over 12 mos usually like .5 or 1 percent if you carry a balance, the annual fee if any and other charges. The average people dont spend the kind of money wack does so 25 percent is fair balance to keep as it will increase your chances to get higher limits.
@@josephr5030understood but a credit utilization of 25% would drop your credit vs if you had 10% utilization. Credit utilization has a large impact on credit score
Wrong info on credit. Leaving a balance and paying interest is the bad advice. Credit cards report your balance regardless for that month so paying it off to zero saves u money by not paying interest, reports usage to credit and keeps your utilization low. If you keep your utilization under 10% you will see your score continuously go up. Once you go over 10% it actually goes down. Him saying 25% is keeping a balance is keeping him from getting a higher score
Well I agree with Wack on the 5 racks (to an extent.) but MOST credit cards for instance: if give you a $5,000 credit card limit it doesn’t matter if you took out the whole 5 bands and paid it back on time the following month. the credit card companies today want to see how responsible you are with it as far as spending a little of what you need and keeping as much on the card as possible. The goal is to have a $5,000 credit card but making sure you don’t spend the whole damn thing. If you get a credit card and max it out all in one setting EVERYTIME even if you pay it back it can defeat the purpose of having one especially when you can effect your bottom line which is your credit score by doing so. Basically in my opinion you’re supposedly cover all of your bills with you active income and the card should be last resort. You know if your check for the week was shorter than usual and you can’t pay the light bill or you don’t have enough for gas knowing damn well you drive across the city everyday, 💡💡💡 that’s where the credit card comes into play, and when you know for sure you’re going to bounce back in two weeks when the next check hit THEN you put that many back on the card
As long as I got money I’ll make all my small purchases with credit. Gas, 7eleven shit, toothpaste, phone app subscriptions, whatever. My credit score after a couple years got good af
@@rells_dope I agree, but then that just makes me question if he can be smart enough to build his credit why does he have ignorance in the streets, is he only in the streets for the clout? U feel?
Master P, Dame Dash, Suge Knight & Wack 100 are the only dudes that give game back to their community but most just pay attention, or are interested in the bullshit.
This the wack 100 i want to hear
This was how I discovered who he was at first. Wack was talking about trucking and logistics not hip-hop and gangster shit.
@@themostsecretscience6409 facts im in the trucking industry
Factz
I was with him until he said keep your utilization at 25%. A higher utilization actually hurts your score. I can see 10% if you if you're working with 0% interest cards. Secret: have multiple cards that offer balance transfers and you'll never pay interest
It also depends on how much you spend. You can keep at 10 percent with 0 APR if you are spending alot money on them tens of thousands etc. The CC company gets a percentage off each swipe or use. They also get the APR broken over 12 mos usually like .5 or 1 percent if you carry a balance, the annual fee if any and other charges. The average people dont spend the kind of money wack does so 25 percent is fair balance to keep as it will increase your chances to get higher limits.
@@josephr5030understood but a credit utilization of 25% would drop your credit vs if you had 10% utilization. Credit utilization has a large impact on credit score
Anything under 30% really gives you the same results
@@TheRDH81 not true u want to keep it 2 to 9 percent
Wrong info on credit. Leaving a balance and paying interest is the bad advice. Credit cards report your balance regardless for that month so paying it off to zero saves u money by not paying interest, reports usage to credit and keeps your utilization low. If you keep your utilization under 10% you will see your score continuously go up. Once you go over 10% it actually goes down. Him saying 25% is keeping a balance is keeping him from getting a higher score
Boss Moves 💰
Wack this is your calling
Well I agree with Wack on the 5 racks (to an extent.) but MOST credit cards for instance: if give you a $5,000 credit card limit it doesn’t matter if you took out the whole 5 bands and paid it back on time the following month. the credit card companies today want to see how responsible you are with it as far as spending a little of what you need and keeping as much on the card as possible. The goal is to have a $5,000 credit card but making sure you don’t spend the whole damn thing. If you get a credit card and max it out all in one setting EVERYTIME even if you pay it back it can defeat the purpose of having one especially when you can effect your bottom line which is your credit score by doing so. Basically in my opinion you’re supposedly cover all of your bills with you active income and the card should be last resort. You know if your check for the week was shorter than usual and you can’t pay the light bill or you don’t have enough for gas knowing damn well you drive across the city everyday, 💡💡💡 that’s where the credit card comes into play, and when you know for sure you’re going to bounce back in two weeks when the next check hit THEN you put that many back on the card
Wack pretty smart he knows a lot and keeps it real about everything
Gotta treat this legit shit like you moved in the streets....stay hungry! Stay advancing!
Bad advice on the 25% utilization. Keep your utilization on revolving credit at or below 5%.
Be careful with credit cards.
As long as I got money I’ll make all my small purchases with credit. Gas, 7eleven shit, toothpaste, phone app subscriptions, whatever. My credit score after a couple years got good af
@@kippmiller4139 same shit i do
@@mhj5108 was it hard to get one?
This is a good video.
very good video
Talk too them Wack
💯💯 too much game in this one lil clip ..
Good Game Wack....💰
That real estate advice was on point
He forgot to tell people not to pay it RIGHT AWAY but everything else was on point
@@BingeworthyContent if your street, and things go sideways... you wont have to pay it back lol. I think that was the point He was getting to
@@zabrielx HAHAHAHAHA! BARSSSSSSS
No shit... Creditors anticipate you falling off, if you keep that in mind you should be alright.
This Doesn’t Get Any Simple Than This 💯
AND I AINT TALKING ABT MURDA JUS HIS NAME
Dont ever pay it off? Lol he buggin. You paying interest on that.
You’re exchanging the interest fee I’m return for credit
THE NAME FIT HIM
Buy the dip.
How he street talking bout credit lol
He gon act ignorant in the street but building his credit on the side 🤣
I mean he is a business man . And u can be street and have good credit, that’s like finessing the system lol
@@rells_dope I agree, but then that just makes me question if he can be smart enough to build his credit why does he have ignorance in the streets, is he only in the streets for the clout? U feel?
@@rells_dope using the same thorough logic as him throughout this whole interview 🤷🏻
@@AnthonyJ_ were you born in the streets..?
What is he saying regarding liquidation at the 1:45 mark.