I ruined my credit in my early 20’s doing early 20’s things, took me into my late 30’s to get it back on track. Wish I knew these tops when I was younger, even now I still am learning how to build it. Thanks Humphrey.
I just started gaining or increasing my credit score five years ago. Great video! I am already explaining some of this to my son since my parents never taught me about it.
Something I'd note about the last tip (which is a good tip) is that while another credit card will decrease your credit utilization, it's important to remember that credit utilization is viewed both individually and collectively for your credit cards.
Great advice 👍 ... One thing I notice for me was that credit line increase was quicker when taking cash withdrawals and paying back next due date.. especially my Discover card.
One thing I wish I knew earlier was to ask you to kindly scroll back up and hit that LIKE button 👍 ALSO if you do see scam comments, please ignore. I will never ask you for your info or for you to contact me.
Great video!! I’m always learning something new when I watch your videos! I’m 19 so all of this information is extremely helpful for me moving forward. Thanks!👌🏼
So simple and yet so crucial. Most even into their 30s don’t know this. It’s why I subscribe and joined your Patreon. You put content out that’s relevant and more importantly solid.
Awesome video! I feel after years of learning these basic tips out the hard way, I would have loved to have known about them when I had just hit 18 if not even sooner!
If you pay your credit card in full before statement close date it will be reported as 0% utilization, would this be better than paying the balance off and leaving some like 3% before statement close date?
heres my philosophy: sometimes yes it will be reported as 0% utilization, but the reality is that we won't be 100% perfect in always closing it off before the reporting period, so realistically that utilization # will be a little higher on average over time. I always try to pay it off in full so that the times I do forget to pay, that if theres a balance, it'll be fine. If that makes sense.
Hi! Just subscribed and used a credit card for the first time today to get gas lol. I’ve always feared credit cards bc my parents were really bad with money but in order to build my credit it seems necessary. Thanks for all the tips! 💕
Actually the last point about too many credit cards is kind of important and I think there is a caveat to it. At one point I had around 17 credit lines open to boost my credit score, as number of credit lines is a parameter that impacts your credit score. But the important aspect is to keep your credit utilization low (not always possible), but I was very aggressive in building credit and given that my oldest credit card is less than 8 years old, I had to really maneuver to currently have a credit score of above 800 and nearly 75k credit limit. All with a 20000$ annual salary. I guess I should make a video regarding that.
Humphrey, my mom has terrible credit. I have pretty good credit. If i add her as an authorized user (but never give her a card), will it hurt my credit? I was thinking about adding her to my Discover card.
Hey Humphrey, love the content! I think a great video I'd love to see would be a video going over the cards that you have, why you have them, and what they are used for!
So many people recommend authorized user but chase charges $75yr a user. Saw that too late. And just because it’s $0 annual fee doesn’t mean they won’t charge a service fee. With chase it’s $20mth
Nice video. I'm a little confused about whether opening a new credit card would improve my score. Yes, it lower credit utilization and increase on time payments, but wouldn't it also lower the overall credit age result in a hard pull? Another question: what credit score do you need to be approved for most credit cards? Would a 700 be ok or do you need at least a 750?
I’m lucky enough to have a good job and situation where my credit score is above 800. But your advice is very good for anybody trying to set themselves up and get to that level. I would suggest NO MORE THAN 2 credit cards…the temptation is just too much for some (most) to handle and try as hard as you can to pay as you go. If you do have an open balance keep to no more that 10% of your max card balance…that’s very important. And pay your bill ON TIME!!!
QUESTION: If I'm added as an authorized user on someone else's account and they MISS a payment, will it effect my score as well? You said of they're doing good on their payments then it will positively effect my score. But what if they do bad? Will mine go down as well?
Hi Humphrey! Not relevant to this topic but idk where to message you. QUESTION do you use coinbase pro? Or do you have any video about it? If you know about it may you one of these days make a video about it 🥺 thank you and always love your content and spirit 🙏🏻
After how long after getting my first credit card should I open another acct. I’ve had one for about 5 months and feel as though I’m ready to get another one.
Love the information! if only I knew this sooner or.. you should do a video for people who have collections and school debt like me... I'm pretty screwed on my credit
I actually have a Southwest and Alaska airlines credit card that have annual fees. I’ve been wanting to get out them but didn’t want my credit to get hurt by canceling them. I’m going to try if they have a free option!
My due payments are every 28th. I payed it off on the 25th. Can I use it again after I payed it for the month? Or should I wait after the due date and use it then. Doing this will it affect my score ?
I did know about the authorized user part, except i didnt know you can add someone under 18 on your card, as soon as my is old enough she will be added and taught how to manage their credit.
Hey I’m new and I was wondering what I should do if I ruined my credit bc of what they consider delinquency and I’m on my own so I can’t get any help from anyone else’s credit reporting or get a new credit card.
So if I'm understanding correctly, credit utilization is calculated once a month and is based upon how much credit you use/limit. However, if you pay off credit cards, then its near 0%? Is credit utilization only on balances that arent paid off?
its just on balances that are reported, so if you have some that arent paid off when they are reported, thats what credit utilization % gets reported. Did this answer your Q?
Would paying off the balance right away after i buy something be bad? So im making like many payments depending how many items i buy that month. Is it good because each one counts as an on time payment?
Any suggestions for better than beginner cards? Thinking along the lines of no annual fees but better rewards/cash back. Also any tips/tools for checking credit utilization?
this is so important. LOVED THE LAST POINT AT THE END!
Learned more in this video about credit growth than my whole 4 years of HS!
Everyone that wants better credit needs to watch this!
🙌 Yes sir!
@Tyler F. Holland I am happy to have employed the services of a professional to fix my bad credit, welcome to the 800 club.
CREDIT MASTER FIX
*Are you struggling with bad credit?*
@Brian J Munoz I made us of a credit repair expert to repair mine.
čreditmasterfïx🟡čōm
Good info. For those interested in adding another line, I tend to look for cards with rewards in categories that have not been met.
CREDIT LORD TOTALLY ROCKS.
I ruined my credit in my early 20’s doing early 20’s things, took me into my late 30’s to get it back on track. Wish I knew these tops when I was younger, even now I still am learning how to build it. Thanks Humphrey.
Hello Russell, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
I just started gaining or increasing my credit score five years ago. Great video! I am already explaining some of this to my son since my parents never taught me about it.
Hello, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
Yes I knew about all of these. Great video Humphrey!
Something I'd note about the last tip (which is a good tip) is that while another credit card will decrease your credit utilization, it's important to remember that credit utilization is viewed both individually and collectively for your credit cards.
Great advice 👍 ...
One thing I notice for me was that credit line increase was quicker when taking cash withdrawals and paying back next due date.. especially my Discover card.
One thing I wish I knew earlier was to ask you to kindly scroll back up and hit that LIKE button 👍 ALSO if you do see scam comments, please ignore. I will never ask you for your info or for you to contact me.
U got it H
@@leodigiosia9418 u the man
I just went through and reported close to 200 spam comments on this video. It's ridiculous that TH-cam can't figure out how to detect spam.
Thank you Humphrey!!! Love the info your provided
Thanks Sukrut for watching me, as always!
Great video!! I’m always learning something new when I watch your videos! I’m 19 so all of this information is extremely helpful for me moving forward. Thanks!👌🏼
Yesss love hearing this Jed. Thanks for the comment
Great info and super well explained keep them coming friend! Greatly appreciate you
So simple and yet so crucial. Most even into their 30s don’t know this. It’s why I subscribe and joined your Patreon. You put content out that’s relevant and more importantly solid.
thank you so much :D
You have no idea how much your videos have helped me out! Thank you so much!!!
Hello Steven, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
Great video!! Things we definitely don't lean in school. Appreciate it.
Thanks for watching!
crazy. It always seems to me like having *more* open credit cards would harm the credit score. Thanks for setting me straight Humphrey!
dont open TOO Many. but if someone has like 1, adding another would not hurt as long as its reasonable, again, use your judgment.
Thanks Humphrey, great tips
Love your vidoes Humphrey!😊 Keep up the awesome work
Best Follow of the year for me was this channel
Love U dude
@@humphrey love you bro! You have completely changed my outlook on Money forever
Awesome video! I feel after years of learning these basic tips out the hard way, I would have loved to have known about them when I had just hit 18 if not even sooner!
Glad you enjoyed it!
If you pay your credit card in full before statement close date it will be reported as 0% utilization, would this be better than paying the balance off and leaving some like 3% before statement close date?
heres my philosophy: sometimes yes it will be reported as 0% utilization, but the reality is that we won't be 100% perfect in always closing it off before the reporting period, so realistically that utilization # will be a little higher on average over time. I always try to pay it off in full so that the times I do forget to pay, that if theres a balance, it'll be fine. If that makes sense.
Thank you Humphrey!! Love your videos and follow you everywhere. I was asking if you could please make a video about student loans.
you are welcome :D do you know WHAT in particular about student loans u are trying ot get answered?
@@humphrey particularly sub, unsub and private loans
Hi! Just subscribed and used a credit card for the first time today to get gas lol. I’ve always feared credit cards bc my parents were really bad with money but in order to build my credit it seems necessary. Thanks for all the tips! 💕
Hello Julia, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
@@RecoveryRepairpro sure!
Actually the last point about too many credit cards is kind of important and I think there is a caveat to it. At one point I had around 17 credit lines open to boost my credit score, as number of credit lines is a parameter that impacts your credit score. But the important aspect is to keep your credit utilization low (not always possible), but I was very aggressive in building credit and given that my oldest credit card is less than 8 years old, I had to really maneuver to currently have a credit score of above 800 and nearly 75k credit limit. All with a 20000$ annual salary. I guess I should make a video regarding that.
No video?
Love your videos man! You explain everything so well!
thanks B HOV!
Humphrey, my mom has terrible credit. I have pretty good credit. If i add her as an authorized user (but never give her a card), will it hurt my credit? I was thinking about adding her to my Discover card.
Thank you. Very informative
Hey Humphrey, love the content! I think a great video I'd love to see would be a video going over the cards that you have, why you have them, and what they are used for!
Great informative video man, What is your suggestion on the amount of credit cards someone should have by their age ?
I think it depends on what you can handle. I personally had 2 credit cards from age 18-25, and then around 26 I got a third.
@@humphrey Okok I’ll be applying for by second one. Soon
So many people recommend authorized user but chase charges $75yr a user. Saw that too late. And just because it’s $0 annual fee doesn’t mean they won’t charge a service fee. With chase it’s $20mth
Let’s gooo a credit video !
Awesome content man I learn something new every time! Very valuable 👍🏼
Glad to hear it!
@@humphrey I like the personal touch
Nice video. I'm a little confused about whether opening a new credit card would improve my score. Yes, it lower credit utilization and increase on time payments, but wouldn't it also lower the overall credit age result in a hard pull? Another question: what credit score do you need to be approved for most credit cards? Would a 700 be ok or do you need at least a 750?
No one should hit 👎 button on Humphrey videos
Crushing it, Humphrey. Thanks for sharing the knowledge! 💰
Any time!
All great advice!
I would like to know how to calculate the credit usage limit on a credit card
I’m lucky enough to have a good job and situation where my credit score is above 800. But your advice is very good for anybody trying to set themselves up and get to that level. I would suggest NO MORE THAN 2 credit cards…the temptation is just too much for some (most) to handle and try as hard as you can to pay as you go. If you do have an open balance keep to no more that 10% of your max card balance…that’s very important. And pay your bill ON TIME!!!
QUESTION: If I'm added as an authorized user on someone else's account and they MISS a payment, will it effect my score as well? You said of they're doing good on their payments then it will positively effect my score. But what if they do bad? Will mine go down as well?
Never mind, you answered my question in the video
Hi Humphrey! Not relevant to this topic but idk where to message you. QUESTION do you use coinbase pro? Or do you have any video about it? If you know about it may you one of these days make a video about it 🥺 thank you and always love your content and spirit 🙏🏻
After how long after getting my first credit card should I open another acct. I’ve had one for about 5 months and feel as though I’m ready to get another one.
Love the information!
if only I knew this sooner or.. you should do a video for people who have collections and school debt like me... I'm pretty screwed on my credit
1% is the best for utilization (never go above 10% or below 1%
I actually have a Southwest and Alaska airlines credit card that have annual fees. I’ve been wanting to get out them but didn’t want my credit to get hurt by canceling them. I’m going to try if they have a free option!
My due payments are every 28th. I payed it off on the 25th. Can I use it again after I payed it for the month? Or should I wait after the due date and use it then. Doing this will it affect my score ?
Hello, hope you are doing well! I offer credit repair services, I can increase your score!
I did know about the authorized user part, except i didnt know you can add someone under 18 on your card, as soon as my is old enough she will be added and taught how to manage their credit.
Hello, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
Is there a credit score calculator that you can plug numbers into to calculate it yourself?
I need this right now master! hehe thank you
Yes so true
Most of my debt is from school loans. How badly does that impact my credit? My repayment record is excellent, but the total owed is so high...
Do I have to stay as an authorized user forever, or is there a point where I’m able to get taken off without it hurting my credit?
Bryan, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
This was helpful, thanks! Just went into my bank app and paid off what was on my credit card lol.
Fantastic! :D
Thank you very much for this video! I wish I had known. 🥴🤕
Well done!!
Hey I’m new and I was wondering what I should do if I ruined my credit bc of what they consider delinquency and I’m on my own so I can’t get any help from anyone else’s credit reporting or get a new credit card.
Amazing content!
Thank you so much =)
No problem 😊
Love the video
thanks Sidd!
What if your card is only a furniture store specific?
So if I'm understanding correctly, credit utilization is calculated once a month and is based upon how much credit you use/limit. However, if you pay off credit cards, then its near 0%? Is credit utilization only on balances that arent paid off?
its just on balances that are reported, so if you have some that arent paid off when they are reported, thats what credit utilization % gets reported. Did this answer your Q?
@@humphrey yes ty humphrey!
nice tan
Love it
Ok
How about donating your jar money 💰?
the long term idea is to invest it and then donate the proceeds at big milestones like 1M subs
best credit card in your opinion ?????
Hello Domino, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
@@RecoveryRepairpro I don't need help with credit, just looking for a good credit card
@@DevotedDom Savagehacks101 can put you through on that , he’s a guru .. Savagehacks101 is his Instagram handle. You can DM him directly
so if my credit limit is $200 how much should i be spending every month?
$60 or less
Hello. Are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
Timestamps?
Hello Benks, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
Would paying off the balance right away after i buy something be bad? So im making like many payments depending how many items i buy that month. Is it good because each one counts as an on time payment?
Any suggestions for better than beginner cards? Thinking along the lines of no annual fees but better rewards/cash back. Also any tips/tools for checking credit utilization?
Hello, Are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
wait but can’t we unsubscribe and then resubscribe?
Bro you need to get up to date with Mortgage eates!
Yang 2024
🙌🙌🙌
So annoying that credit would got hit by closing an old card
Is somebody moving to Texas? 👀
idk do u want me to?!
@@humphrey As a Texan, hell yeah! 😂 Cost of living is generally lower here, and hey, great tacos!
Wait wait wait...credit utilization is based off your entire profile and isn't per credit card? TIL 😮
yes!
Pay off your credit card debt! Overdue debt = bad credit history! 👎🏻
Yep!! Exactly.
Hello, are you interested in boosting your credit within 72hours? I can give you a recommendation if you want
Same ile tips. Nothing is new here.
First viewer 🥇
Nice!! You were fast.
How about you give away that $1000 tp your subscribers? 🤷♂️
Maybe !
*OWO*
CREDIT LORD TOTALLY ROCKS.
CREDIT LORD TOTALLY ROCKS.