Hellow guys, Welcome to my website, and you are watching How Your Credit Score is Calculated - How to Improve it!. and this vIdeo is uploaded by Jake Broe at 2019-07-16T19:05:32-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How Your Credit Score is Calculated - How to Improve it! |
| Video Uploader | Video From Jake Broe |
| Upload Date | This Video Uploaded At 16-07-2019 22:05:32 |
| Video Discription | Please Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 http://bit.ly/BroeSubscribe 👇 👇 Watch My Other Videos Here 👇 👇 ★ The Best Credit Card Strategy (No Annual Fees) https://youtu.be/TrnE05wa9Nk ★ The True Cost of Points & Miles Credit Cards https://youtu.be/WrayBtS07iw ★ The Servicemembers Civil Relief Act - Know Your Protections and Benefits! https://youtu.be/CD-FlkWOQ6E 📷 📷 My YouTube Equipment 📷 📷 ► My Camera 👉 https://amzn.to/2u77v0X ► My Wide-Angle Lens 👉 https://amzn.to/2Qwf3Sq ► My Wireless Microphone 👉 https://amzn.to/2QBV9W0 ► My Shotgun Microphone 👉 https://amzn.to/36bdLTv ► My Lighting 👉 https://amzn.to/2F5Ey7V ► My Light Diffusers 👉 https://amzn.to/2tjF8fG ► My GorillaPod 👉 https://amzn.to/2Q94aqI ► My Tripod 👉 https://amzn.to/37kBnVQ ► My SD Card 👉 https://amzn.to/36dP3Sy ================ 📚 📚 Books That Changed My Life 📚 📚 📗 How to Win Friends & Influence People 👉 https://amzn.to/2F3ahGC 📕 Dumbing Us Down 👉 https://amzn.to/2spodrZ 📘 Quiet - The Power of Introverts 👉 https://amzn.to/36b2ti3 📙 The Red Queen 👉 https://amzn.to/2QzNW8W 📔 Alexander Hamilton 👉 https://amzn.to/2sn5eOJ 📒 A People’s History of the United States 👉 https://amzn.to/2spnV4p ================ Taking the time to understand your credit score and improve your credit score has the potential to save you (earn you) tens to hundreds of thousands of dollars over your life time. The credit score affects your mortgage rate, if you can rent an apartment, your premiums on car insurance payments, credit card eligibility, what annual percent rate (APR) that you are eligible for, and even the ability to obtain employment. The three credit rating bureaus are TransUnion, Equifax, and Experian. They all calculate slightly different scores, and you are eligible by law to request a free credit report from each every year. These agencies combined do produce something called a VantageScore and you can monitor your VantageScore from third party websites like Credit Karma. I personally use Credit Karma and it is free and simple to navigate. I highly recommend it to monitor your credit score and history. 35% of your score is Payment History: Do you have any late payments? How are they calculated? What's the total amount that is late? Always pay at least the minimum requirements for all your bills on time and you should have a perfect score in this category after 7-10 years. 30% of your score is Amounts Owed: The term used is "credit utilization" or your debt to credit ratio. Anything about 50% will negatively impact your score and anything below 30% is best. 15% of your score is Length of Credit History: This is simply a length of your credit history going back 7-10 years. Never cancel old credit cards and be careful how many new cards you open, as each new card will lower your score in this category. 10% of your score is Frequency of New Credit: Open up a bunch of new lines of credit in a short amount of time looks bad. It signals your might be in financial trouble. Hard inquires will drop your score 3-5 points and remain on your score for up to 6 months. After that your score fully recovers. People checking your score also effects this category. 10% of your score is Diversity of Credit: Having many different kinds of debt positively reflects on you, from a home mortgage, auto loan, student loan debt, business loan, to credit cards. ================ 💯 LET’S CONNECT 💯 📷 Instagram @JakeBroe 👉 https://www.instagram.com/jakebroe/ 🐦 Twitter @BroeJake 👉 https://twitter.com/BroeJake 👥 Facebook @ [coming soon] 👉 [coming soon] 📧 E-mail me at: [coming soon] ================ #CreditScore #FICOScore #ImproveYourCreditScore ================ DISCLAIMER: This video is for entertainment purposes only. I am not in any way acting as an agent or representative of the Department of Defense or United States Federal Government when presenting this information. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video. ADVERTISER DISCLOSURE: Jake is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Additionally, other referral links are included and this channel does receive compensation for sending traffic to partner sites. Shopping through our links is an easy way to support the channel and we appreciate and are super grateful for your support! |
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| Tags | how to improve credit score | credit score explained | credit scores explained | what is a good credit score | credit score | how to increase your credit score | how to improve your credit score | how to build your credit | credit report | credit score mistakes | credit report 101 | building credit | fico credit score | credit mistakes | credit score to buy a house | transunion | equifax | experian | vantagescore | how to build credit | how to fix my credit | Fixing credit score | finance |
