Ep.4 If Cash Is King, Why Does Credit Matter? Understanding Credit Scores🇨🇦 | WTF is a Credit Score?

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  • เผยแพร่เมื่อ 4 ก.พ. 2025
  • Buy WTF is a Credit Score? here: topmate.io/piy...
    Are you completely clueless about credit scores? Feeling overwhelmed by terms like credit score, credit utilization, hard inquiries, and debt-to-income ratio?
    The truth is, poor credit knowledge is costing you more than just money-it’s costing you peace of mind. Each decision you make without understanding credit can snowball into years of financial stress. Imagine losing out on opportunities because your credit score isn’t good enough, or being stuck in a cycle of debt because of poorly chosen credit cards.
    Don’t worry-you’re not alone.
    Welcome to "WTF is a Credit Score," the ultimate crash course for the totally confused.
    In this series I will try to answer all these topics:
    Reality check: Why your credit score matters more than you think
    Importance of caring about your credit score even if "cash is king"
    Simplest explanation of credit scores for beginners
    Who tracks your credit information and why it’s important
    Key factors that influence your credit score
    Common credit score misconceptions for newcomers
    Essential technical terms every credit user must know
    How to read and understand credit card statements with examples
    Overview of different types of credit cards and their benefits
    Protecting your credit information and avoiding fraud
    Practical tips to safeguard your financial data
    Harsh truths about credit scores most people ignore
    Best bank accounts for newcomers in Canada
    Top credit cards in Canada for rewards and benefits
    Understanding credit card points and how to maximize them
    Practical advice for building and maintaining a strong credit score
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ความคิดเห็น • 6

  • @deepshah6482
    @deepshah6482 11 วันที่ผ่านมา +1

    Thank you piyush for educating us. If possible can you bring videos with long duration if the topic requires more explanation. Thanks once again.

    • @PiyushCanada
      @PiyushCanada  11 วันที่ผ่านมา

      Hey, I am doing an 8-10 video series on credit with daily short videos.

  • @AashishHambiria
    @AashishHambiria 10 วันที่ผ่านมา

    Hey bro I missed my single phone payment and it hurt my credit score real badly, how to increase it? Or any ways to remove that from the credit report? How to increase it the way it was before?

    • @PiyushCanada
      @PiyushCanada  10 วันที่ผ่านมา

      recover your credit score after a late payment, follow these steps:
      1. Catch Up on Payments: Pay the missed bill immediately to avoid further damage.
      2. Goodwill Letter: If this was your first late payment, request your creditor to remove it as a goodwill gesture.
      3. Dispute Errors: Check your credit report for inaccuracies and dispute any incorrect late payments with the credit bureau.
      4. Build Positive History: Make on-time payments consistently, keep credit utilization below 30%, and avoid opening unnecessary new accounts.
      5. Monitor Credit: Regularly review your credit reports to track progress.
      Late payments typically stay on your report for seven years if accurate.

  • @ITSME-kr1cd
    @ITSME-kr1cd 11 วันที่ผ่านมา +1

    Ye series kam chal rahi hai! Lagta hai jo log miss kr rhe hai vo humare credit card rewards sponsor krte rhenge!!

    • @PiyushCanada
      @PiyushCanada  11 วันที่ผ่านมา +2

      Haha. Koi baat nahi. My job is to educate through this channel.