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Well in school first they have to teach you a trade or knowledge for a future occupation as you need a way to make money in the first place or there is no point in a debit or credit card. Your parents are the ones that have the job of raising you and teaching you life lessons,
No They used to where I come from. Learned personal finance in 6th grade. Didn't do any good for most though. Many parents didn't continue the education like mine did. Don't see why it's depressing. Apparently you are aware so go to the library or book store and read up on it. People need to be more responsible for themselves and stop blaming others.
In all fairness, the schools really need to be teaching practical things like this though, and not subjects with information that we wont probably ever use again, Most people out of highschool are not prepared for the real world because the education system was to busy trying to cram useless information about advanced algebra rather than teach them how to pay bills, budgeting, etc which leads to kids getting themselves in debt because they have no idea what their doing, at least for my school that was the problem
Mr Smiley Seriously that's not funny. Not only do my nieces and nephews know how credit cards work, they also have been building an emergency fund and contributing to their Roth IRA since 12 years old.
BlackWorldTraveler It’s not a big deal, I don’t plan on making any major investments until after I graduate college, which I’ll probably be 22 or 23 by that time, so I have no use for a credit card right now. And if your nieces/nephews are 12 then they aren’t saving funds, their parents are. Oh yeah and no one gives two shits how your family operates, I’m clueless as to why you think they’re special.
Not the only one lol I’m 22 and was confused on how credit cards work still kinda am but this video was helpful but of course it’s never too late to learn about it :)
For some weird reasons, understanding how a credit card works has been difficult for me, this explains everything for me and made me look like an idiot! 😂
@@BebeKavon I was trying to get some help on a credit repair forum about how to repair my credit report and how i could get a tech expert to help me clear my credit card and personal loan debt, That was how I came across Credit patchup LLC who saved me from many years of debts and helped me boost my credit score to an excellent result of 801 , Don't let me speak much about him! try him and let his services speak for him. contacted him on his private mail: [Jon@creditpatchup.com]
Christopher douglas You weren’t trying shit. You’re spamming somebody else’s page with your scam business. Blow me, then go away. Nobody here wants to be scammed.
@@ultralightcam6963 it’s never to late either, I literally got 19 pts increased since my start. My current score is 650 to give you a perspective of a starting point. I also recommend you download Credit Karma to monitor all your loans. One last thing to give you on this journey, try to dial in on the biggest amount and then do the same for all the other loans. I learned that from “Rich dad Poor dad” and it makes since because you don’t won’t to spread yourself thin at the end of the month. Best of luck to you & much love!
Sourav Mondal credit line is when you you give the bank a deposit, lets say 400$ and they give you a card that has a spending limit of that amount. They will expand it until you are responsible enough to manage a larger amount.
D'Faro I'm confused. So if you have a limit on certain credit cards, what happens when you go past that limit? And how can you make that limit go higher? What do you do to show your bank that you're responsible enough to handle larger amounts?
Matthew Hopkins good question! first of all, if your limit is 500 dollars, you should keep that in mind every month. I had a discovery card when I first enrolled in college, and they would decline transactions once I was at my limit. it's you who must talk to the bank or lender to have that restriction impose. If you want to be responsible, don't spend above your means. don't buy things you know you won't be able to pay in full back. always make sure you pay on time and every time. Those late charges add up very quick. If you followed what I've said, than after 7 months to a year; ask the bank that you want to increase your spending amount. they should agree base on your early payments. I hope I helped you!
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *Linux tech corps* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *850financial assessment* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
im 14 years old and basicly what i learned is credit cards are loans and used for mainly emergencys like if you dont get paid for a week or two and you dont have money in your bank debit card or the ones you buy in the store idk depends on what you use if you need money you use the credit card then when you do get paid you would or should pay above minimum like if the minimum is lets say 35 dollars you should pay 50 instead because when you do pay 35 the intrest wont effect as much. Thats what i learned from my brother
Not exactly. Credit cards shouldn’t be used in emergencies. It can easily snowball into a debt disaster. You need to have an emergency fund, at least $1,000 base amount + 4 months wage in your savings. $1,000 is to cover any surprise charges, like your car breaking down or a pet needing to go to the vet, and the 4 months wage is for if you get laid off. This prevents you from needing to use a credit card in an emergency, or lowers the cost. Credit cards should only be used to boost credit scores, they shouldn’t be used as wage advancements.
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Monique and *850financial assessment* was so helpful during the process of boosting my credit
this was game changing information! 31years of experience and Im not afraid to say, I just now figured out exactly how credit works to a T! Thank you so much for this. Instant Sub
ahh thank you, for making the video simple and easy to understand by adding demonstrations and examples such as the couch and the mini fridge thing because I usually get confused in other videos though confused.
Gooooood SIMPLE super easy to understand it and how credit cards work. Straight to the point with no fancy words etc etc. The BASICS. The bestttt video ive seen ever explaining how credit cards work👌👌👍👍👍
THIS helped out so much. I must of watched over 10 videos of people explaining it and i just didn't get it but with this visual it was simple much appreciated!!! :)
Finally now I understood how to use the credit card. All other videos out their are very complex to understand. But this one really gets the job done ✅✅🎯🎯
I really love how the education system of my country makes us study double entries, trail balance, journal, reserves, GST, Bills and exchange but doesn't teach something as basic as credit cards and taxes
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *850Financial assessment* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
I'm 15 years old and I didn't have a clue what any of this was. The video explained things in a very simple manner so it was easy to understand. Thank you!
I've been looking for something like this to explain how credit cards works, since I am just new to this kind of stuff. This video made it easier to understand for beginners like me. Thanks!
thank you ! i’m 19 and i’m considering getting a credit card so that i can start to build some credit but i haven’t been 100% clear on how they work . this video definitely cleared up any confusion !
The thing I don't understand about credit is, If I use a credit card and purchase a lamp for $10, and then, like the video said, have to pay back that $10 at the end of the month - why wouldn't I just use the $10 I used to pay back the credit card on the lamp in the first place? It sounds like credit cards are an unnecessary middleman - with the possibility of owing more if I miss a payment or only pay the minnimum amount.
What you're talking about is the most common use of credit for those who want to take advantage of the impact it has on their credit rating. If used correctly, credit cards can dramatically boost your credit rating which in turn helps you to afford a nicer home or borrow money to make money. Additionally, you could sign up for a card that provides rewards that tailor to your lifestyle. For instance mileage rewards for those who commonly travel for work.
I completely understand what you're saying because I used to think this same way. But to simply put, one would use it to establish credit. Credit (and a good score of it) is the main goal because without it you can't take out loans for anything: car, house, business etc. You would need these loans because the average individual can't pay off a $40,000 car or $200,000 home in pure cash.
Thank you for this video. I have not learned anything about being an adult from school, and neither have my parents taught me anything really. I’m 19 now so I need to hop on this shit lol.
So what ever u spend using ur credit card that's how much u will have to pay back? I want to get a credit card for the first time n I wanted to make sure I understood everything correctly.
No. It sounds like it is but not simply. You pay back with interest, remember that! You may buy something for $280 but as the video said unless you pay the full amount on or before the due date that 280 may change to 500 depending on the apr (or interest rate) of the credit card. I'm not sounding harsh but giving you this as a reality tip so that you don't carry this mentality into any place especially when it comes to money.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *Linux tech corps* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
I'm 24 ill be 25 this year. I'm gonna take out a credit card soon it good to K ow I'm basic terms how it works and my time frame and Interest. I'm glad im personally taking the time to learn.
Hello @julia. Do you want to increase your credit scores?? i have a good news for you.. i will like to introduce to you a professional hacker his good and real able in any kind of hacking stuff, You can get in touch with him on whatsappp +1 512-222-8749
I have a credit union which is really good because they help you with any questions and concerns and will also guide you. Rather than buying a credit card from a company on the side.
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on TH-cam ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *850financial assessment* were so useful and You’re such a blessing!
I was trying to get some help on a credit repair forum about how to repair my credit report and how i could get a tech expert to help me clear my credit card and personal loan debt, That was how I came across Credit patchup LLC who saved me from many years of debts and helped me boost my credit score to an excellent result of 801 , Don't let me speak much about him! try him and let his services speak for him. contacted him on his private mail: [Jon@creditpatchup.com]
Thanks for all of the info that you give, Monique!! I found your channel and have become very educated as to how credit works. Looking forward to the webinar!!! Saw some info on Diamond Chanel's channel; is she your daughter? I will also subscribe to her channel as well; just wanted to make sure it wasn't a scammer, lol. I am grateful for your platform; so many things not aware of in the past now trying to get it right. I will be 59 this year so my goal is to become more credit savvy before I reach retirement. I was about to sign up for credit repair with Lexington Law and lucked up on *850FINANCIAL ASSESSMENT* ; look at GOD!!!
Great video! I have a question, I have two fraud inquiries on my reports that I would like to get removed. I've seen your video regarding this, but Im still a bit confused. So I know my first step would be making a call with the credit bureau (Experian) but should I also make call what time? And would I be never stop sending a good compny *Linux Tech Corps* to my friends and people I know regarding any credit situations
Thank you for the video!-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using maskoffhacks.Com . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
My dad already taught me this when I was a teen but because he said i borrow from the credit card company I also thought I still pay interest even if I pay back in full and before due date.
Every kid should watch this. They don't ever teach this shit in school. Well at least in my school. It's depressing.
Well in school first they have to teach you a trade or knowledge for a future occupation as you need a way to make money in the first place or there is no point in a debit or credit card. Your parents are the ones that have the job of raising you and teaching you life lessons,
No , ( exactly why im watchin it
No
They used to where I come from. Learned personal finance in 6th grade.
Didn't do any good for most though.
Many parents didn't continue the education like mine did.
Don't see why it's depressing. Apparently you are aware so go to the library or book store and read up on it.
People need to be more responsible for themselves and stop blaming others.
In all fairness, the schools really need to be teaching practical things like this though, and not subjects with information that we wont probably ever use again, Most people out of highschool are not prepared for the real world because the education system was to busy trying to cram useless information about advanced algebra rather than teach them how to pay bills, budgeting, etc which leads to kids getting themselves in debt because they have no idea what their doing, at least for my school that was the problem
no. they need to learn things like compassion and personal responsibility in school as well as the common core.
this and taxes is what i should've been taught in high school lol
And not pythagoras’ theorem
That’s what I’ve been saying! Came here to teach myself *sigh*
I even teach myself stuff that my teacher teaches at my university ! Thanks to youtube University
Yeah I watched this video just bc nobdy taught me this
@@Kingchris0489 Let's make that dream real!!
The fact that they never teach you none of this in school blows my mind
'Cause they want to keep you dumb
Imagine a world full of bosses, who’s gonna take out the trash & even take your Oder at restaurants? #RealestThing
harkersmit on instagram gotme a credit card and funded it
I deeply came across this trustworthy vendor i got my 2 cc from *Ericroboti* on telegram he is a good vendor to deal with
Christopher douglas Your business has been proven to be a scam. Quit spamming your crap everywhere here. Nobody wants to be ripped off.
Sad to say I’m 25 years old and just now know about this lmao
Mr Smiley
Seriously that's not funny.
Not only do my nieces and nephews know how credit cards work, they also have been building an emergency fund and contributing to their Roth IRA since 12 years old.
BlackWorldTraveler It’s not a big deal, I don’t plan on making any major investments until after I graduate college, which I’ll probably be 22 or 23 by that time, so I have no use for a credit card right now. And if your nieces/nephews are 12 then they aren’t saving funds, their parents are. Oh yeah and no one gives two shits how your family operates, I’m clueless as to why you think they’re special.
Not the only one lol I’m 22 and was confused on how credit cards work still kinda am but this video was helpful but of course it’s never too late to learn about it :)
I'm 26 years old and i just know what is a credit card lol
I'm 25 and that's why I'm watching this shit right now lol
For some weird reasons, understanding how a credit card works has been difficult for me, this explains everything for me and made me look like an idiot! 😂
Chiddy Brendan i swear. Lol
Same 🥴😂
Same 😂😂
@@BebeKavon I was trying to get some help on a credit repair forum about how to repair my credit report and how i could get a tech expert to help me clear my credit card and personal loan debt, That was how I came across Credit patchup LLC who saved me from many years of debts and helped me boost my credit score to an excellent result of 801 , Don't let me speak much about him! try him and let his services speak for him. contacted him on his private mail: [Jon@creditpatchup.com]
Christopher douglas You weren’t trying shit. You’re spamming somebody else’s page with your scam business. Blow me, then go away. Nobody here wants to be scammed.
The fact that a 3 minute video taught me more about this than what school taught you for 10 odd years is crazy. Thanks so much for helping.
Video should be called: How banks make money
Im and idoit and this explained it to me really well. Well done
Official Armour82 me to
Official Armour82 same, other videos wanted to go into details of how the card is made lol
You are an idoit
We all are idiots
Maybe the people that are slow to understand all this financial bs are the rational minds. Because its all full of shit; a scam, trap, setup, scheme.
Why does Sam look like he is going thoughy midlife crisis
His ex wife took everything but the debt.
@@StreetPeter No, she took the kids.
Because he's Caucasian
Who isn't going through a midlife crisis.
@@abbyjames7719 especially now lol
21 years old, and just now figuring this out. Can’t blame nobody but myself for the lateness. Let the grind begin!
Im 22 and im just now looking into it lol smh
@@ultralightcam6963 it’s never to late either, I literally got 19 pts increased since my start. My current score is 650 to give you a perspective of a starting point. I also recommend you download Credit Karma to monitor all your loans. One last thing to give you on this journey, try to dial in on the biggest amount and then do the same for all the other loans. I learned that from “Rich dad Poor dad” and it makes since because you don’t won’t to spread yourself thin at the end of the month. Best of luck to you & much love!
Same
So glad I’m young at 18 years of age and looking toward a credit card
im a man child and I don't know how adult things work, this was really helpful
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Man said man child
@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance📱
Same bro, same
I'm 28 years old and never had a credit card because I've never really understood how they work.. yet watching this video has made it seem so simple
thank God i just got approved for my first secured credit card with a $200 credit line soooooo this info is veryyyyy helpful
where did you applied? thank you
What is credit line ?
Sourav Mondal credit line is when you you give the bank a deposit, lets say 400$ and they give you a card that has a spending limit of that amount. They will expand it until you are responsible enough to manage a larger amount.
D'Faro I'm confused. So if you have a limit on certain credit cards, what happens when you go past that limit? And how can you make that limit go higher? What do you do to show your bank that you're responsible enough to handle larger amounts?
Matthew Hopkins good question! first of all, if your limit is 500 dollars, you should keep that in mind every month. I had a discovery card when I first enrolled in college, and they would decline transactions once I was at my limit. it's you who must talk to the bank or lender to have that restriction impose. If you want to be responsible, don't spend above your means. don't buy things you know you won't be able to pay in full back. always make sure you pay on time and every time. Those late charges add up very quick. If you followed what I've said, than after 7 months to a year; ask the bank that you want to increase your spending amount. they should agree base on your early payments. I hope I helped you!
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *Linux tech corps* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *850financial assessment* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
im 14 years old and basicly what i learned is credit cards are loans and used for mainly emergencys like if you dont get paid for a week or two and you dont have money in your bank debit card or the ones you buy in the store idk depends on what you use if you need money you use the credit card then when you do get paid you would or should pay above minimum like if the minimum is lets say 35 dollars you should pay 50 instead because when you do pay 35 the intrest wont effect as much. Thats what i learned from my brother
Carlos, it is great that you are learning about credit cards and money management so early in life. Your brother taught you well.
I recommend debit cards. It has limits like as if you want to buy a house, but I think it's the easiest way to start off a budget.
Never use credit cards when you are unable to pay for something. That is a death trap for a hole of debt
A phrase to live by is "Never spend more than you make".
Not exactly. Credit cards shouldn’t be used in emergencies. It can easily snowball into a debt disaster.
You need to have an emergency fund, at least $1,000 base amount + 4 months wage in your savings. $1,000 is to cover any surprise charges, like your car breaking down or a pet needing to go to the vet, and the 4 months wage is for if you get laid off. This prevents you from needing to use a credit card in an emergency, or lowers the cost.
Credit cards should only be used to boost credit scores, they shouldn’t be used as wage advancements.
I've seen people use credit cards in shows all the time but never knew how they actually worked until now.
TH-cam: teaches you the basics of being an adult.
Public school: The big yellow one is the sun
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Monique and *850financial assessment* was so helpful during the process of boosting my credit
Just graduated from MSU and looking to get my first credit card. Thanks for the great video, it helped a lot. Go Green!
I was approved for a chase unlimited card for 3,500 👌🏽🙌🏽 this video helps a lot and I’m very responsible
@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance
*johnsmithhacker* on telegram he is the only real vendor I found on dark web I got live cc and dump from him with a good balance 💯💯✅
this was game changing information! 31years of experience and Im not afraid to say, I just now figured out exactly how credit works to a T! Thank you so much for this. Instant Sub
ahh thank you, for making the video simple and easy to understand by adding demonstrations and examples such as the couch and the mini fridge thing because I usually get confused in other videos though confused.
You're welcome!
Thanks so much! I am also a Visual Person and after seeing this video i completely understand 100% on how to use a credit card😁
THANK YOU.
i literally just turned 18 and got my first credit card
It's been a year since you commented. How deep in the shitter are you in?
@@StreetPeter OHHHHHHHHHHHHHH!!!! HE GOT YOU GOOOOD!!
Plz u never answered the man's question.
How'd it go?
@@StreetPeter im 1000 dollars in debt
Thank you for this awesome and simple break down on how these things work! You got a new sub :D
Gooooood SIMPLE super easy to understand it and how credit cards work. Straight to the point with no fancy words etc etc. The BASICS. The bestttt video ive seen ever explaining how credit cards work👌👌👍👍👍
Thank you very much now this lets me think about getting a credit card or not in the future!
Don't
THIS helped out so much.
I must of watched over 10 videos of people explaining it and i just didn't get it
but with this visual it was simple
much appreciated!!!
:)
Thank you! I’ve been asking my mom to explain for years, that’s all I needed to hear 😂😩
Finally now I understood how to use the credit card. All other videos out their are very complex to understand. But this one really gets the job done ✅✅🎯🎯
I really love how the education system of my country makes us study double entries, trail balance, journal, reserves, GST, Bills and exchange but doesn't teach something as basic as credit cards and taxes
Thanks :) great and easy to understand video.
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *850Financial assessment* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
This video actually cleared some things up for me. Nice video!!
What software did you use to make the video? It looks awesome.
Toni Anne Mercado I agree.
Thank you this helped alot
Hi sorry i had to re-friend you. My phone had seizure,i think
Hello,how are you doing?
◦
I'm 15 years old and I didn't have a clue what any of this was. The video explained things in a very simple manner so it was easy to understand. Thank you!
I've been looking for something like this to explain how credit cards works, since I am just new to this kind of stuff. This video made it easier to understand for beginners like me. Thanks!
Okay then I’m definitely gonna Pay the full when I have my card
@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance📱
This was v helpful, thank u
We are glad that you found this video helpful! Please let us know if there is any other information you would like to learn from us.
thxs so mutch im a college studen i wanted to know what i was getting into before i did it thxs for explaining
MSU Federal Credit Union yyyeh Can. GghGVbs vvv
Thank you for this video it honestly helped me out understanding more about credit cards
thank you ! i’m 19 and i’m considering getting a credit card so that i can start to build some credit but i haven’t been 100% clear on how they work . this video definitely cleared up any confusion !
crownme. layla Thank you *ruma_telecom* @ig top up my credit card with 7000$, when I have no money, you can text him
The thing I don't understand about credit is, If I use a credit card and purchase a lamp for $10, and then, like the video said, have to pay back that $10 at the end of the month - why wouldn't I just use the $10 I used to pay back the credit card on the lamp in the first place? It sounds like credit cards are an unnecessary middleman - with the possibility of owing more if I miss a payment or only pay the minnimum amount.
What you're talking about is the most common use of credit for those who want to take advantage of the impact it has on their credit rating. If used correctly, credit cards can dramatically boost your credit rating which in turn helps you to afford a nicer home or borrow money to make money. Additionally, you could sign up for a card that provides rewards that tailor to your lifestyle. For instance mileage rewards for those who commonly travel for work.
I completely understand what you're saying because I used to think this same way. But to simply put, one would use it to establish credit. Credit (and a good score of it) is the main goal because without it you can't take out loans for anything: car, house, business etc. You would need these loans because the average individual can't pay off a $40,000 car or $200,000 home in pure cash.
using a credit card builds a credit score for future big purchases like a car/house, you have to start off small
stealing mom's credit card seems more technical now hahahahah jk don't steal your mom's credit card kids.... unless you wanna get the belt
This was honestly so helpful. I was quite confused about this and helped alot
I appreciate you man thanks so much for the CCC *Fundslurd* 💯🔥
Thank you for this video. I have not learned anything about being an adult from school, and neither have my parents taught me anything really. I’m 19 now so I need to hop on this shit lol.
So what ever u spend using ur credit card that's how much u will have to pay back? I want to get a credit card for the first time n I wanted to make sure I understood everything correctly.
Correct!
No. It sounds like it is but not simply. You pay back with interest, remember that! You may buy something for $280 but as the video said unless you pay the full amount on or before the due date that 280 may change to 500 depending on the apr (or interest rate) of the credit card. I'm not sounding harsh but giving you this as a reality tip so that you don't carry this mentality into any place especially when it comes to money.
they never tell you how do you exactly pay the money though
Thank you so much! Exactly what I was looking for.
Nice music!
Wait, so it isn't just magic money that comes out of thin air?!
Thus has helped big time. I am looking to get a credit card and finance a new car to build my credit on and this is perfect.
Wow this is all I need it thanks so much for such a good and helpful video !
This didn't help... I literally wanted to know how it works. But good tutorial.
Good video but that music is so god damn irritating
Thanks so much for this useful information. Now I’ll know for sure how to get and use a credit card wisely.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *Linux tech corps* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Thank you I finally understand how credit card work now I was getting ready to apply one but I didn't actually know how it work now I do
Thanks you so much for this video, i went to the bank and i didn't understand what i want to about credit card now i know
I'm 24 ill be 25 this year. I'm gonna take out a credit card soon it good to K ow I'm basic terms how it works and my time frame and Interest. I'm glad im personally taking the time to learn.
Great video for people who need to learn about credit cards
21 years old here had a credit card for 3 years finally finding out how it works
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Nice one. Thank you for this 😃
I have a credit union which is really good because they help you with any questions and concerns and will also guide you. Rather than buying a credit card from a company on the side.
I have been confused on how credit card system works !The best explanations ever! Thanks so much!
Sam *I'm now free of credit cards debt, ruma_telecom on Instagram cleared my debits charge no upfront fee for it*
Hi sorry i had to re-friend you. My phone had seizure,i think
Hello,how are you doing?
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Thank you!!! I am using this for school and this is so helpful!
Hi sorry i had to re-friend you. My phone had seizure,i think
Hello,how are you doing?
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Very helpful! Thank you
Thank you so much. This is really helpful.😊
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on TH-cam ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *850financial assessment* were so useful and You’re such a blessing!
Very simple! understood in a second! Thank you
Thanks! very helpful 👍👍
Thank god I just got approved for my first secured credit card with a $200 credit line soooooo this info is very helpful 💯💯
Simple, Sweet, & To The Point!
This video was great. Very simple and easy to understand...
Thank you this really helped 😊
I was trying to get some help on a credit repair forum about how to repair my credit report and how i could get a tech expert to help me clear my credit card and personal loan debt, That was how I came across Credit patchup LLC who saved me from many years of debts and helped me boost my credit score to an excellent result of 801 , Don't let me speak much about him! try him and let his services speak for him. contacted him on his private mail: [Jon@creditpatchup.com]
I’m only 13 and is trying to prepare for when I need to use a Credit card I’m trying to find a job and is Learning all this new stuff 🥱😁
Thanks my high school does not teach me this now I need to watch a video on credit scores
So simple Thank you :)
Thanks for all of the info that you give, Monique!! I found your channel and have become very educated as to how credit works. Looking forward to the webinar!!! Saw some info on Diamond Chanel's channel; is she your daughter? I will also subscribe to her channel as well; just wanted to make sure it wasn't a scammer, lol. I am grateful for your platform; so many things not aware of in the past now trying to get it right. I will be 59 this year so my goal is to become more credit savvy before I reach retirement. I was about to sign up for credit repair with Lexington Law and lucked up on *850FINANCIAL ASSESSMENT* ; look at GOD!!!
Thank you for explaining to me like a 6 year old. I needed it :)
does meeting the minimum payment affect your credit score in any way?
Great video! I have a question, I have two fraud inquiries on my reports that I would like to get removed. I've seen your video regarding this, but Im still a bit confused. So I know my first step would be making a call with the credit bureau (Experian) but should I also make call what time? And would I be never stop sending a good compny *Linux Tech Corps* to my friends and people I know regarding any credit situations
The cheapest mini fridge I saw today was $199 and the cheapest couch I saw was $499. How they got $280 ? Damn must have been that goodwill special.
wow im 15 and this video helped me understand , thank you so much
Thanks you I got my card and opened an account. I have some knowledge about it but just making sure.
Gotta build the credit early on
Thank you for the video!-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using maskoffhacks.Com . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
Very helpful video thank you too much!!
Very informative, thanks for the video
Welldone and many thanks very clear explanation
Great video explaining this in detail!
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Perfect! Thank you
My dad already taught me this when I was a teen but because he said i borrow from the credit card company I also thought I still pay interest even if I pay back in full and before due date.
Thank you sir for this, OMG This is some simplified hahaha!! Now the APRS AND INTEREST AND FICA AND ALL that stuff still confuses me!
Thank you for teaching..
They didn’t really thought us this in school I really appreciate it
Well explained, really nice😊
Thanks was somewhat helpful
Thanks this helped a lot!
If only my teachers or mom cared enough to show me this 3 minute video.