you know what's sad is this video only has 57k views but some silly fight video has millions.... hahah oh peoples priorities . knowledge is power people thank you for the knowledge

@BeatTheBush

7 жыл бұрын

Lol, I'll have to work on being more entertaining! =D =D

@_CaliGirl

7 жыл бұрын

BeatTheBush, start a fight with someone, then help them with their credit! LOL Don't fret, your vids are the best!!! :-)

@carlospineda8902

7 жыл бұрын

Matthew Watkins awareness is key

@mist__4974

7 жыл бұрын

Matthew Watkins Right...

@mist__4974

7 жыл бұрын

Knowledge is power and most prior dont know this stuff

thanks for the advice..I'm 2 months in, 35 points up using the 1/2 of 1100 option (550). I had to return to this video to comment that this totally works!!

@BeatTheBush

7 жыл бұрын

+Sitlaly Masso It really does and you may want to check out my other vid 'boost credit score in 30 days' to further increase it.

I've been through this exact scenario when I was younger. This is an honest, informative, an accurate account of how to handle a credit builder loan.

@BeatTheBush

7 жыл бұрын

Thanks! =D Sounds like you have no need for this but watched my vid anyway. =D

Omg this gave me a great idea this would be a good way save money doing it on your own get a 12 month CD then start paying like 100 to a account then in 5 months you have 500 get another CD and keep going with it

i got a credit builder loan from my credit union. in less then a year my score went from 425 to 550 and still climbing. i pay 25 aweek come right out of my savings i dont even have to worry about missing a payment. i love it.

@BeatTheBush

7 жыл бұрын

Excellent! Those are really helpful in building credit when you do not have credit to begin with. Automatic is even better.

Good information. Thanks for sharing the information, Dan.

@rickrenacci1717

6 жыл бұрын

If you want to learn how to improve your credit score fast then visit this website here to find out how: HootCredit. info

Thank you for taking the time to make this vid. I do appreciate your point that it takes money to accomplish this faster.

@BeatTheBush

7 жыл бұрын

Yep, faster you want something the more it costs. Sorta like shipping next day air.

man, that's an awesome video, not too long ago I started watching your videos they are all A+ I'll sure be checking out that lender.

just completely my self lender account now I'm going to put money into cd!

Great information, thank you for sharing!

@BeatTheBush

7 жыл бұрын

Glad to help! =D

@MONEYNOSLEEP

7 жыл бұрын

BeatTheBush Credit Tradelines work as well

@Paula-iv2bh

6 жыл бұрын

In less than 4 days of working with ZEUSHACKERS01 at OUTLOOKDOT COM, my credit score has raised high enough to be able to qualify for a mortgage loan that I was not able to before. Besides that, he's so professional and friendly and easy to work with that it made the whole experience quite enjoyable. I have already recommended him to several people and all gave me positive replies

Out of all of the people I have seen you sound the most credible and believable. Some of these people just don't say anything concrete like you do. I really appreciate what you are said here. Thank you so much I have talk to a lot of people but noone has ever given great advice. A lot of this people all they want is to make money on you and that's all. You probably are getting a cut on some of these things but heck you make sense in all of the things you said. Thank you.

@BeatTheBush

6 жыл бұрын

Thanks! And it does work if you look at the comments from people coming back to comment after a few months.

Hi ! I just signed up . I'm so glad I found you ! Thank you for explaining everything so clear. You are amazing !

Very nice! I just got an account really fast! I can't wait to see my credit build more! I'm up 50 points in the past 3 months without trying too hard. Now with this account and another CC I will be making nice progress

@BeatTheBush

7 жыл бұрын

Great credit score comes great responsibility. You'll have more credit limit than you know what to do with. Remember to pay everything off every month to keep things in check.

check score went up 46 points 12 days after signing up. Hasn't even showed up on my credit report yet. Thanks for the advice!

@BeatTheBush

7 жыл бұрын

Huh, I don't think it works that fast! lol! But glad your score when up from another reason anyway. =D

I recently just come across your video and I plan to look into this over weekend, at this time my credit is 558 and I need it at 650 I think this is reasonable so I will speak with my credit union regarding secure credit card and credit builder loan. I feel very positive at this because I want to buy a house sometimes in the next year in a half so I am all in !!!!! I will keep you posted !!!!! Oh with some cutting out couple Starbucks during week I can save that money and pay to lender so very feasible.

FYI.... Opened an account with SelfLender. Took almost 2 months to report onto all 3 CRA's. Lowered Equifax -8 to 724, TransUnion -6 to 705 and Experian -1 to 702. I got these 3 scores via my myFICO monitoring service. I'm sure scores will go back up with time and payments so, just glad you mentioned SelfLender as a no inquiry loan option, to improve credit scoring overall.

@BeatTheBush

7 жыл бұрын

Those few points might be due to other factors. Your score is high enough that the positive effects will not be as great as someone around the 600s. A few months in and you should notice a bit better performance.

@CharlesINTEL

7 жыл бұрын

Again, #1, I'm very glad that you made this video! As far as the scoring decrease, yes, sometimes I noticed that scores can change for "other factors." As far as the myFICO ($29.95 monthly service), you can get the score change alert and associated change factor so, I could tell what occurred. For one month, I paid also for the monitoring services from Equifax + Experian + Transunion (yes pricey to test) but, I canceled all 3 and kept myFICO for the real scores and multiple scoring models. Two days ago, I applied for the Chase Sapphire card. I was informed, "pending review" and early this morning, I see the card is now in my Chase app with a $7,500 limit (so approved). The myFICO alert just a few minutes ago informs me a new Experian inquiry, -3 points and a balance decrease on a BoA credit card by $76. I'm not close to an expert but, myFICO sends me an alert almost every 2 days with any changes. I'm not promoting the service, think it's a little pricy (pricier than the direct CRA versions) but, I like seeing what my credit related actions/inaction affect my scores. I'm sure that my credit score will improve due to SelfLender and am excited about seeing that make an increase too. I really wanted a loan to balance my "types of credit" versus just credit cards. Thank you again! My apologies for the long post however, I wanted to explain how I can see changes.

Dear friend; thank you for this info, I grew up without any financial education and because that I had a very nasty experience with credit before. Five years ago I decided to go clean from credit cards and have been living like that consistently, no debt at all, but no savings either. Now as a full grown up adult I understand the need for credit score (in my country works different) but the main idea will do and I had to stop to thank you. This channel might change someone´s life for the better, I hope you are proud :)

@BeatTheBush

7 жыл бұрын

Thanks! Glad you are able to use the info even though its in a different country. I have heard actual stories and reports in some comments (if you can find them) of greatly improved scores after going through and watching my vids. I am certainly very happy viewers found them and choose to watch my vids. =D

Wow, great video so direct no bs! Thank you so much! I have heard about this lender company. Will def, give it a try, once again thank you!

Thank You for this information sir!

Thanks for this video man.

@BeatTheBush

7 жыл бұрын

You're welcome! =D

Thank you! This helped me understand what Self Lender is about now :)

@BeatTheBush

6 жыл бұрын

You're welcome!

These are great videos! I'm having a marathon! Thanks😊

@BeatTheBush

6 жыл бұрын

You're welcome!

Love your videos keep up the good work

@BeatTheBush

6 жыл бұрын

Thanks! Will do. =D

Great info thanks!!

Thank you! I started Self Lender a few weeks ago and they stated they will report to all 3 bureaus by the end of June. I also joined a credit union and got a credit builder loan.

@BeatTheBush

7 жыл бұрын

Yep, just keep on paying that loan to build your credit. Good going, let me know how your credit improves when it does. =D

@TheJman16165

7 жыл бұрын

Thank you. I currently have a Cap One Card in Collections that I owe $2122 I am going to settle for. I also have some hard inquires from the Credit Union for the loan and from my apartment I applied for. My credit score went down because I opened the loans but I am hoping once they are finished my credit score will go back up. I had Credit Karm TU 636 and EQ 628, now after the loan TU is now 584 and EQ 579.

@BeatTheBush

7 жыл бұрын

Actually, I think if you have the money, priority should be given to paying off collections first before getting a credit builder loan. Its hard to tell what you did from your comment or if you took out the Credit Union loan to pay the collections?

@TheJman16165

7 жыл бұрын

I have two credit builder loans, one from self lender and one from the credit union. The Self Lender one is for a whole year, the Credit Union one is for six months. I plan on paying my Cap One card off soon but I still want to have something positive on the report as the only thing I have is that cap one things and some hard inquiries.

@jaycarter5455

7 жыл бұрын

TheJman16165 hey my man, did the 2 loans help your credit score?

I just open one today using your link! Thanks for the tip

@BeatTheBush

6 жыл бұрын

Thanks for helping yourself and also this channel! =D Much appreciated. =D

the concept is amazing

@BeatTheBush

6 жыл бұрын

=D

hi guys....i saw this review about 2 months ago. And camed back after my credit in Credit karma said my report had changed. Thanks to self lender my credit went up 101 points!!! im...just mind blown right now. Ive never had my credit as high as that which is still low but damm its higher than ever. Thanks for helping...i look forward to seeing more videos and keep up. THANKS!!

@BeatTheBush

7 жыл бұрын

That's some crazy jump! The average is a bit less that what you reported but it's great you got such a nice boost. Hopefully, now you can get a lower interest rate on whatever you need. Just remember to pay your credit cards in full. =D

@lizgaby9761

7 жыл бұрын

hahahah yeah I think it was because in that same month i did this, I also reported one of the accounts as not mine....which was in fact not mine and that combined did that jump. Still thanks

Great video! Subscribed!

@BeatTheBush

7 жыл бұрын

Thank you! Yay!

I'm so thankful that I found your channel!!!❤️😀 I was never taught finances and have just stumbled about in the dark, for most of my life because of my ignorance and confusion. Thank you so very much. I am so appreciative of your time and effort in helping people like myself better their lives.

@BeatTheBush

6 жыл бұрын

Thanks! Ahhh, looks like you are trying to improve your credit score? Yup, just follow these steps and it takes a bit of time. Many have found success in doing it themselves, you do not need any sort of credit repair services.

Thank you, for the info, BTB!!!

@BeatTheBush

7 жыл бұрын

You're welcome! =D

Thanks for Sharing you know your stuff.

Very useful and helpful, thx for sharing

@BeatTheBush

6 жыл бұрын

You're welcome!

Thank you soooo much for this info😭!

@BeatTheBush

6 жыл бұрын

You're welcome!

I had never heard of self lender before I saw your video. My credit was in shambles for years, until I came across your channel. Now I have a secure credit card, and self lender will be my next step. I thought my situation hopeless, but you've shown me how easy it can be. Thank you!

@BeatTheBush

7 жыл бұрын

Thank you for you comment! I am so glad am I able to help through my vids! =D You just have to watch out how they get you and just avoid all the pitfalls. Of course, after you build your credit up, you can also try to build your wealth. I cover a lot of various topics like that in my 'Advanced Finance' playlist.

Great advice thank u

Great information thank you 👌

@BeatTheBush

6 жыл бұрын

You're welcome!

Great info..i'm happy to subcribe to your channel.

@BeatTheBush

7 жыл бұрын

Thanks for subbing! Making new vids all the time! =D

I just opened a Self-Lender account using your referral code. Thanks so much!!!

@BeatTheBush

6 жыл бұрын

Thanks for using the referral! =D I appreciate it. =D

Thanks for this info. I signed up with SL today. I will post an update in a few months.

@BeatTheBush

7 жыл бұрын

When you make consistent payments, it's like you are making payments on a loan so you'll see the full effect after a full year of payments.

@mwilliams6242

7 жыл бұрын

I am excited to see the benefits of the loan this time next year.

@benny7831

6 жыл бұрын

update please!

@diehardch1ef822

6 жыл бұрын

benjamin Vargas I think the people who sign up are kidnapped. Look at all the people saying they signed up and all the people asking for updates!!!!

@LetiziaPalermo25

6 жыл бұрын

LOL seriously. I keep looking for replies to the update questions. No one answers which makes me suspicious that they are too embarassed to answer that it might not work

I opened a self lender account because of this video 3 months ago I also got a $300 secured cc from open sky a few weeks ago. My score is up 94 points. This works!

@BeatTheBush

6 жыл бұрын

Yup. Just keep on making those payments for the remainder of the term and don't pay it off early.

Amazing video man! Like always you're clear and informative. I love watching your videos because I know that I am going to learn something helpful. I really like your channel video! I would like to accomplish the same thing for myself. I use secured credit cards to rebuild my credit. As a matter of fact I've earned over $300 in cash back with my secured credit card. I have SUBSCRIBED to your channel so that I don't miss any of your awesome content!

@BeatTheBush

6 жыл бұрын

Thanks for your sub! =D

@duanetv1925

6 жыл бұрын

Thanks for the informative content that you deliver time and time again! Hopefully in a couple of years I could duplicate some of your success.

Very Interesting information.

@BeatTheBush

7 жыл бұрын

Thanks much. Glad you found my finance vids!

Thanks my credit score went up 4 points overnight, lol, Also got 2 secured credit cards today, and paid off all my debt to 0$ Hopefully within 6 monts i can comeback and tell my story. This is a great way to save and creat good credit. again TY

@BeatTheBush

7 жыл бұрын

I'd say 4 point might just be noise. Glad you are following some of the advice in this vid though. Paying it all off to 0 is a great idea. Oh and yes, saving with the account is also a great idea. You should see your score really improve within 60 days.

i had no credit, and credit card companies kept denying me. I went with self lender i’m 6mo in the payments and i’m almost to 700 credit score :-) thanks for the suggestion

I'm going to try this out, helps me save money and build credit at the same time, win win. I applied to a credit card last year and their website was garbage and they never sent me a proper bill, the only way to pay it was a half an hour long phone call each month, it completely detroyed my credit

@BeatTheBush

7 жыл бұрын

Half hour to pay!? Yeah, that site sounds like they're just trying to rip you off.

The best advice on the web. I used his advice back in March; 478 at the time. As of today’s date, I have 689 FICO score. 🙌🏾

@BeatTheBush

6 жыл бұрын

=D Glad you did it! That's a pretty huge jump and now you can work to make it go higher! =D

@fathergangclothing5128

6 жыл бұрын

Absolutely, that’s my new goal.

very helpful! 👍

@BeatTheBush

7 жыл бұрын

Thanks!

Awesome! Thank you!

@BeatTheBush

7 жыл бұрын

You're welcome! =D

Thank you for sharing....

@BeatTheBush

6 жыл бұрын

You're welcome!

Just signed up..Thanks for the info!! I used your link ;)

@BeatTheBush

7 жыл бұрын

Thank you for supporting my channel! You rock! =D

@jaycarter5455

7 жыл бұрын

Jon Borglund did it boost ur credit score?

you have very good videos. i have recnetly gone through this, as a junior in college (at 19) i decided it was time to establish credit. after 6 months of being denied for every card, i finally broke down and applied for a a capital one secured, only because they offered the smallest security deposit. i was making decent money for a college student and was suprised i was denied all student credit cards. anyways, after 5 months of maxing the cards $200 limit and paying it off, they froze my account. they said i payed it off too much. i told them it was worthless then and to close the account. well the next day i had a $500 credit limit! well two months after that no one would give me a card yet. until amex gave me a $1000 limit on a blue last september. in november thwy raised it to $2,000 so just last month i applied for a non secured from capital one. denied. immediately i cancelled thwir secured card. every mastercard bank had denied me for 10 months since i had the secured card. so i applied for another amex card, and was instantly approved for $2,000 credit limit. so i was up to $4,000 unsecured. then, a week later a bank thats supposedly hard to get in with gave me a card with another $2,000. so in 11 months i gained $6,000 in unsecured cards and a credit score of 720. i honestly believe when banks see a secured card on the credit report, they instantly assume your predisposed to accept only a secured card offer from them.

@BeatTheBush

7 жыл бұрын

When you say 6 months, I sounds like you keep on applying which gets you hard inquiries. This in turns reduces your credit score and makes it harder for you to get the card you want. 'Payed it off too much' ha ha ha. I recommend to use it close to the limit in my video for College Students as well in order for them to increase your limit. Interesting point that they check to see if you have a secured card on your record which may indicate a risky customer. I.e. you have a secured card because you had bad credit at one point. Also of note is that I think they look at your age and your address to see if you are a student and of which college university. The more respectable the school, the less risk. In other words, all that you see on your credit report and anything they can guess or infer about you is used. Glad you are able to climb up so quickly in your credit limit. I myself did it pretty slowly starting with an unsecured discover card. I didn't really care about credit back then and just used it responsibly.

@wendyfarris9303

6 жыл бұрын

I had a $1000 secured card for a year, applied for am unsecured loan through First Interstate (same bank)was turned down! ! I withdrew the money/closed the account, added my name to my friend's card, got offers in the mail, and now have my own credit building. I agree with you about secured card. it might have helped, but once it was gone, more opportunities arose. I am leery to add this now for the same reasoning. would love to hear how it affects someone with a 700 score. I'm still trying to get my credit back. might have to go in debt for a car to get different credit. I know once you buy a house, you are home free in the credit world! I'll be there again! thanks for the info.

Pls do a follow-up video on what to do at the end of the cycle when you get a lump sum check. I'm planning to go for the 550$ CD. Also, besides the amount, how much better is it to get the $1100 CD VS the $550? Does that reflect differently on your CR? Thank you

Love your channel, BTB. Could you do a video on credit unions? Have you thought of doing more videos on investing?

thank you!!!

@BeatTheBush

7 жыл бұрын

You're welcome! =D

quick question, would you recommend the 550 or the 1100 to boost your score, like your if your at a 554 credit score, if paying the 550 a month has less effects on boosting your credit faster?

3:48 "I'll still get the the highest of the highest interest rates if I ever take a loan out." Surely you meant the lowest of the lowest interest rates? ;)

Signed up June 6 with a 563 CS. Will give updates during the process

@BeatTheBush

7 жыл бұрын

Very nice, I'm sure you'll be very pleased with it after a few months. =D

@michaeledwards3217

7 жыл бұрын

Should I apply for a discover secure card now or wait. Till my score goes up to see if I can get an unsecured one?

@elyshanicole577

6 жыл бұрын

how is your credit going?

@YoungBlaze

6 жыл бұрын

i wonder why nobody ever responds on their updates lol

@michaeledwards3217

5 жыл бұрын

@@elyshanicole577 jumped 40 points in 5 months. now I have an American Express everyday blue and Chase Freedom unlimited

I did the secured card Open Sky...my scored jumped in 3wks...46 pts.,trans union. ,..103..on EQUIFAX. ..,no lie! !!!

@BeatTheBush

6 жыл бұрын

Nice! Yes.. if you had no other card and get a secured card, it will help your credit score.

thank you

I applied for a card, literally the only way to pay it was to spend an hour on the phone every month, they never sent me a bill in the mail and their website didn't work, it destroyed my credit in no time. I started doing Self Lender a couple months ago and I've already raised my credit score by 100 points. I would have been screwed without it

@BeatTheBush

7 жыл бұрын

Nice! I heard about those terrible credit cards that makes it very hard for you to even pay. It was a while ago. I'm glad you go this working for you! =D

@NiaMSnow

6 жыл бұрын

which credit card did you sign up for? that caused that... I need to know

Self lender boosted my credit 46 points in 30 days frfr and no I’m not paid to say that lol I’m overly excited and that’s just my first payment

@BeatTheBush

6 жыл бұрын

Wow... that's a big boost first day. Glad you got a boost this way. =D

@divoproductions7268

6 жыл бұрын

BeatTheBush thanks I was excited for days

@YoungBlaze

6 жыл бұрын

was your credit score doing crack? high it get that high that fast?

You’re great.

@BeatTheBush

5 жыл бұрын

TY!

@beatthebush I just so happened to bump into your channel and love that you explain things thoroughly! I never had a role model and was very immature so when I was making a lot of money I would spend on so many unnecessary things, I eventually got caught up in a expensive hobby/money pit which as you can see in my profile picture a RACE CAR. Due to horrible decisions and eventually even huge change of income I fell hard. And just this past year I started to get things back in order, my goal ATM is to improve my credit, I'm at around 5xx do you recommend self lender? What's your opinion on Lexington Law to help with the negative inquiries? I want to improve my credit to be able to get a house. I will keep supporting and watching your videos.

I just open an account today. Thank you

@BeatTheBush

7 жыл бұрын

You're welcome. You should see some improvements within 60 days. Great improvements if you are starting from a low score.

@MCNiiCK

6 жыл бұрын

Any approvements?

@chaii_latte

6 жыл бұрын

How'd it go?

I did a secure loan with my credit union when I started fixing my credit. This seems like a secured loan for people who don't have the cash to put up for the loan with their bank or credit union, correct?? I put up $1000 and my credit union gave me the loan and spread the payments of $57 over 18 months at 4%. They took the $1000 and gave me $1000 back, which i put in my account to pay the $1000 loan. The interest is less than $50 and it is also set off by the interest on the $1000. This way, I not only help my credit score, but i am also strengthening my relationship with my personal credit union for the future. That product only seems good for people who don't have any cash to put up. Very informative info, Thanks!!!

@BeatTheBush

7 жыл бұрын

Yes, this is very similar to that and it's also called a 'credit builder loan'. For a secured loan it does require a big initial outlay so that would be the disadvantage. It seems having the initial amount to put in like you say is not feasible for most people.

Kind of late to this party, but would there be any benefit to getting a secured credit card first and using that to make the payments on the SelfLender loan? Instead of paying the money directly to SelfLender, funnel it through the secured card. I mean, if I'm going to spend the money anyway, might as well make it work twice as hard, right?

thank you thank you so much, your so intellegent an smart, i thank you, and you have a nice day.

@BeatTheBush

6 жыл бұрын

You're welcome! =D

Is there any benefit to your credit for choosing the more expensive loan option or is it just a higher interest CD?

Great information! If you don’t mind me asking, how old were you and how long was your credit age when you achieved an 848 score? I ask because I currently am 35 years old with 5 years of credit age and want to know if there’s hope for folks who have a credit score that high without their credit age being super high.

Yes USAA has a secured card and they keep your security in a CD until at some point you get a normal card. It also pays interest, not a bad deal.

@BeatTheBush

6 жыл бұрын

Nice! That's a very nice gesture.

gratitude

thx

@BeatTheBush

7 жыл бұрын

You're welcome! =D

If I have a Discover IT secured card and Capital One secured card, with about a 665 credit score, would you recommend me still opening up a Self Lender loan? Thanks for all the helpful videos as always.

I have 5 questions 1. Ultimately which one is better the secured credit card or the secured loan? 2. I went ahead and did a secured loan with my bank for$200 and it's for 6 months. Should I pay off the loan in 6 months or does it look better to pay it off faster say in 3 months? 3. On my credit karma app I checked and it says the bank that I did the loan with made a hard inquiry. Should I be worried? Will it go away once I pay off the loan? 4. Is it better to pay off the monthly loan bill early before the due date? And pay a bit more than what the agreement says? 5. I am planning on buying a car and would probably finance. Should I wait until after I pay the loan? Or can I do both at the same time?

@BeatTheBush

7 жыл бұрын

1. depends on your credit report and it's composition 2. pay it off slowly, you want the long history 3. no it will fall off after 2 years. a few inquiries is not the end 4. pay off more to reduce the interest paid, reduced credit utilization helps your credit score. 5. don't finance a car. you can certainly do both if your credit score is good enough to get you a low rate.

So if I am trying to build a higher credit score to buy a home and I just got a secured credit card, would I be helping myself to go with self lender as well. What would you recommend? Thank you!!

I started my Self Lender account two months ago and one of my scores just went up by 82 points!

@BeatTheBush

6 жыл бұрын

Ha ha! Nice!

nice vid thanks! what camera are you useing?

@BeatTheBush

7 жыл бұрын

You're welcome. I'm using a Canon 5D3. All my equipment is listed under my channel about page.

When I first started out I had a 559 credit score then it dropped HORRIBLY because of missed payments and such, I got two inquiries removed off my credit of the last 4 years and made early payments and now my score is 568, I'm trying to get it to 600 by September. I'm also paying off my current credit card

Hi so I tried Self Lender and I wasn't approved or qualified for any of said credit cards. Do you know of any other possible websites I could go to try to apply for? Thanks in advance!

Your advice is really helping my credit. Quick question. So I now pay down too two dollars before statement cycle. How many days after that should I wait to resume using cards? Should I wait till after the due date? How many days? Thanks in advance

@BeatTheBush

7 жыл бұрын

Pay down to $2.01 before statement date not $2.00. You wait until the statement cycle ends. You can start using it the day after the statement cycle ends.

Hello, i have question: what do they require to get approve for this loan? Do they do credit inquiries?..

Hi I'm trying to fix my credit it's really bad 489 so should I do the self lender and Secure credit card at the same time ?

So after reading some of your comments, you started off with the unsecured Discover Card. I do not have credit yet or a credit score... so you would recommend my first card to be the unsecured discover card? ( I am 20 yrs old)

I just moved from europe to the US, in addition to this loan what other things can I do to create a good credit score? how long will it take to be over the 700 score range?

My score is at 577, I need it to be at 620 to get a VA Home Loan. How long would it takes to get thoses 43 points that I need? I don't have no credit cards open

so if I have the money to purchase 2 CDs would that be advisable and also will that seem as if I have 2 loans at 1100.00, to give me a better increase of points?

@BeatTheBush

7 жыл бұрын

Hmm, I actually haven't thought much about this. I have asked Self Lender and will get back to you.

@BeatTheBush

7 жыл бұрын

They actually do not have a process for you to do two at a time so there is no data on what would happen.

@samselections6194

7 жыл бұрын

BeatTheBush is self lender better than secured credit card?

once I get a secured credit card and build enough credit to get a unsecured credit card should I keep both and is it benefial to my credit

If I do this with self lender and I have no credit at all what would that put my credit score at? That is if I make every payment on time for the full year

once the year is up and i get my money is the money taxed ???

Is it frowned upon to have autopay setup up on the self lender loan with a credit card, to ensure timely payments monthly?

@BeatTheBush

7 жыл бұрын

I don't think that's even an option because it costs the company money to process a credit card.

Got 2 minutes in till music got to me next !

Can you get one more than once if you arent ready for a credit card (to show there's a credit history) or are they only meant to be used once?

@BeatTheBush

7 жыл бұрын

You can get one after another but you are not supposed to open more than one at a time.

I rebuilt mine using a Capital One secured card.

@BeatTheBush

7 жыл бұрын

That method is orthogonal to this. I.e they improve your score in different ways. Hence you can actually do both to improve your score faster.

U don’t have to go to Selflender. U can go to any bank and get this. The real name of this product is called a CD secured loan. I did this as well to build my credit.

@BeatTheBush

6 жыл бұрын

Yup. You can do this at banks too. SelfLender lets you just do it all at home. Also, these things will work in parallel so you can do both.

Does closing the CD Account (after you withdraw the money post maturity of 12 months) affect the Credit Score? Thanks in advance.

@BeatTheBush

7 жыл бұрын

+Ashwin Lunkad You do not have direct access to the CD account and the account is closed automatically for you after the 12 months. So at the completion of the self lending term you would have fulfilled you obligations and so it is a positive effect on your score. You can go for extra credit after this and do another term but the improvement effects will be a bit less than the first time around.

I have a question if i have a 500$ limit and in 1 month i spend 700$ (because of the cash back ) and my bill is paid on time will that hurt my credit ? (Ex i spend 60 $ and keep refilling the account the day of and never go buy a item costing more than 500$)

Do you need to be employed or have a source of income to get approved with this program? i am trying to build a credit history since i don't have one yet. i tried applying in wells fargo for secured card i still don't know yet if i'm approved, i also opened a regular savings account there too. they asked for employment which i'm not yet so the officer couldn't guarantee for approval of the secured card so i'm still waiting if i'm approved or not.

@BeatTheBush

7 жыл бұрын

Nope, you just need to be able to pay the payments. They do not check your credit. You might want to put in your incoming student loan money as part of your income as that counts as income. I.e. money you would use to buy ramen, late night snacks, books, etc.

What is the link to get the book

my score went up 80 pts!

@BeatTheBush

7 жыл бұрын

Yup! Having another form of credit in good standing will help your score a lot.