ฝัง
- เผยแพร่เมื่อ 27 มิ.ย. 2024
- How to improve and increase your credit score fast (UK) - I managed to get the perfect 999 Experian credit score, and so can you!
Follow my socials :)
Insta: / streetorvintage
Tiktok: / streetorvintage
Sign up to the electoral roll:
www.gov.uk/register-to-vote
Check your credit score for free:
www.experian.co.uk/
www.creditkarma.co.uk/
Comparison sites to see which cards you're eligible for:
www.comparethemarket.com/cred...
www.moneysupermarket.com/cred...
Time stamps:
0:00 - Intro
1:53 - Register onto the electoral roll
2:30 - Keep credit utilisation low
3:19 - Never miss a payment
04:00 - Increase credit limit
06:52 - Keep old accounts open and show a long credit history
07:42 - Get a mortgage (when you're ready) and pay on time
08:31 - Check for errors on your credit report
08:56 - Avoid joint bank accounts with people that do not have excellent credit scores
This is very informative, thanks Ela x
❤❤❤
Really helpful, thanks Ela
Love this! Thanks Ela
Thank you for watching! ☺
.Many thanks for your experience with Loqbox. I'm pleased that you have such a
So the uk is £2.3 trillion in debt and they have the cheek to give ME a credit score?
At the end of 2022/23 public sector net debt was £2,530 billion (i.e. £2.5 trillion), which is equivalent to 100% of GDP. This is equivalent to around £38,000 per person in the UK
@@tomjones6106 and let me guess. That debt will eventually silently “disappear” the same as previous ones.
What? It's UK governments that have put the country in that debt. Fairly sure Equifax were not involved love.
Really helpful 😊
☺🙏🏾
Amazing amazing video
Thank you 🙏
You should be on tv
Also set up a loqbox account and report your rent payments
Hey Ela, ive only been in the UK for about 8 months now. Im a PhD student, and ill be here for another 3 years. I wanted to improve my credit score in the UK, but most of the credit card companies require me to show proof of address for 3 years, is there any way around it ?
Experian doesn’t work for people new in the UK, it says we couldn’t find you.
If i was to get a credit card, with say 1000 on it, would it be best to say spend £10 then pay it back right away to increase score?
With a limit of £1,000 you would want to use between 1 - 25% and have this report - if you pay it off immediately, it may not report to credit reference agencies which may appear as though you are not using the credit card - this will not help improve your score
@@financebykilolu thanks man, we need people like you around to help people like me.
Join the electorall, also to show you have a stable fixed abode
Buying things on credit at a store - is that a good way to build credit score
using credit cards and paying off the full amount is a good way to improve your personal credit, this will also ensure you avoid interest charges
@@financebykiloluyou missed the point brother. The question was badly worded but was about store cards.
And yes, store cards can help you to show that are capable of borrowing and paying back in full on time 👍
Ideal credit score is 0, like mine. I live free from debt and have no need for credit. Feels just great.
Except your credit score is not zero
Its better than zero. It does not exist. I wrote to all the Credit references agencies in the UK and DEMANDED that they delete all rererences to me that they held, including backup copies as the data had been gathered without my consent. That is illegal under UK and EU privacy law. They tried to wriggle out of this but eventually gave in.
@@MENSA.lady2 yeah a zero rating is impossible
Setting up your direct debit for minimum payment won’t help, you need to pay in full
You are so pretty absolutely beautiful
Too many edits ruined this video 🤷
Why didn't you say about paying back your credit cards in full each month instead of paying the minimum amount, utterly ridiculous video, thumbs down from me 👎
Hello and good afternoon I don't suppose you have an email I can contact you in regards to this ? I really need to sort my credit report. Thank you
Hi Ela, I just turned 19 and recently tried to apply for my current bank TSB credit card. Sadly it got rejected even tho I have a job :/
Do you have ig where I can contact u for any other advice
Hiya, I talk about this at 06:23 - I'd recommend using a comparison site like comparethemarket and only applying for a credit card you have a high likelihood of being accepted for :)
Check Credit Karma and see what cards you are pre-approved for. If you need help improving your personal credit, let me know
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by COGNITIVEHACKS
What has the U.S. got to do with it?
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 COGNITIVEHACKS 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
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 COGNITIVEHACKS to my friends and people I know regarding any credit situations
check all 3 of your credit reports and call up for where the negative entry is found
Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. COGNITIVEHACKS made it stay at that range and getting it up
I think you literally just saved my life Leo, I’ve been struggling to find a way out. I’m currently an N.A waiting to get certified because of covid and stuff but I support myself and my grandma. I don’t have anyone to turn to for help, I’ve been trying to save but I can’t because of bills and renting my apartment and everything. But this, literally helped me look to a brighter future. My grandma is crippled so she cannot do work or anything. Most people have parents to turn to but I don’t talk to my mom or dad. This literally helped me so much because since i met COGNITIVEHACKS the real issue i have about debt was solve in some weeks am sure before Feb of my birthday i will be home owner.
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month,It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by COGNITIVEHACKS lol, i didn't made it myself
I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join COGNITIVEHACKS
Happy to see some greens again. The last few days have restored my faith in crypto and made me believe we aren't down and out yet. Already started making some of the significant buys I've been planning for sometime now. Over the last few hours I've bought myself a good amount of COGNITIVEHACKS , one of the tokens I'm really bullish on. because of it's potential and high utility.