It about time.. Someone who jumps in and tell use the solution right away. This guy does not waste time with a bunch of talking.

@godislove3198

6 жыл бұрын

Yes i do agree very nice vid so informative and quick easy tks Sebby

@Codeblack_the_1

4 жыл бұрын

In my opinion, this guy puts out too many technical facts out too fast. It's as if his main priority is to sound smart rather than for the average view to grasp what he is saying.

I went from a bankruptcy to 814 in 9 years. I worked my butt off. I started with a couple of secured cards and now have 21 cards one with a limit of $21,400. Never thought I would live to see the day. lol

@Shant2

4 жыл бұрын

21 credit cards or 21 accounts ?

I got ONE secured credit card 😂😂😂😭 no one judge me!!! I’m repairing my credit 💯💯💯💯

@KforKronic

4 жыл бұрын

Update ?

As one who has been in the mortgage and finance business for more than 30 years I can tell you that you can take that 850 score and $2 and buy a cup of coffee! You get nothing for having a perfect score. You either have excellent credit or you don't! If you have a 770 score that gets you the same as 850! So, if you want to beat your brains out trying to be perfect, go for it! You know the results!

@davide4607

4 жыл бұрын

There is some usefulness to a 850 score vs a 770 score. If you ever get a late payment or have anything else happen that negatively affects your score the 850 provides you with a buffer zone so you can handle any negative impacts better.

@annajuliahall3923

3 жыл бұрын

As smart as a wall..

An easy way to build credit is use a credit card for a dedicated, recurring payment such as your cable bill. Pay the bill using your credit card and set the auto-pay feature to pay that card in full each month. Think about how many auto-pay accounts (utilities, cell, insurance, etc.) you might have that could be building your credit and get a card for each one. You are already paying these monthly so why not use these recurring payments to your benefit and increase your credit score.

@nellymaisonet5293

6 жыл бұрын

Michael Waters Didn't think about this.Very true .Thank for this information.Going to do this ASAP!

@molaragold4642

5 жыл бұрын

I started doing that for all my bill except my rent and my monthly credit score increase is awesome!!!

@GX2re

5 жыл бұрын

Great idea, thank you!

@luxurycardstore

5 жыл бұрын

@FURinTeeth I agree 100%. Autopay while collecting unemployment or while being underemployed can possibly destroy your finances. Autopay is only for the financially stable.

@rampartd.1100

5 жыл бұрын

@@luxurycardstore Why are people in the comments of an 850 credit score video who are not financially stable? Lmao

You'd be surprised how quickly 9 years can fly by.

I'm on 745 now. Only 8 months ago I was on 640, freshly rejected by Chase freedom after which my 700 score took a nose dive. I was new in the game then with only a 6-month-old secure credit card of $500 limit. Now, I know so much about credit it's almost an obsession. 3 CC's now with a combined $8250 limit. But I am still not gunning for an 850. I just want to be in the excellent range which is 760 and higher. I am inching closer to it with each passing month.

@AskSebby

6 жыл бұрын

My (probably crazy) thought process is that it's a hobby that actually helps me travel for free and gives me value back (while increasing my score). In contrast, other hobbies (car tuning, audiophile, etc.) are all related to spending money. For both, you're still optimizing, but it's the outcome (value inflow + happiness vs. value outflow + happiness).

@tamirajohnelle4700

4 жыл бұрын

Congratulations!!!

@kingjay3454

3 жыл бұрын

What 3 credit cards do you have if you don’t mind me asking?

@kingsleyezeanaka558

3 жыл бұрын

@@kingjay3454 Oh wow. My original comment from 2 years ago kinda aged well. Right now I'm on 795 with 6 CC's with a >$62k in combined limits. My first 3 cards were PNC visa rewards card, capital one platinum card and discover students card. Since then though, I converted the capital one to quicksilver and the discover to the 5% cashback card. Also added 3 more cards one of which is the initially rejected chase freedom. My new obsession is investing lol.

@kingjay3454

3 жыл бұрын

Kingsley Ezeanaka Awesome! Glad I got the update, you’re doing amazing! Keep up the great work!

I wish someone taught me this stuff when I was 17 so I could have gone out and applied for cards as soon as I turned 18.

@EB5005

4 жыл бұрын

Well, the trick to that is that you need credit to build credit. So the average 18yr old is stuck getting all the BS CCs

Just graduated college with a 797!

@thiaguinhogameplays

4 жыл бұрын

Damn! I'm so proud of you Danson.

@teamevolvesold

3 жыл бұрын

You rock!

@daishanewsomednp6956

2 жыл бұрын

111 likes

@apricotcomputers3943

2 жыл бұрын

really good work! now go make money teaching other broke students

@freetshirt_250

Жыл бұрын

🎉

Congratulations! Your 850 FICO® Credit Score on 08/29/17 is the highest score possible and does not have any associated key factors.

Best credit card advice I've gotten. I didn't really understand that if I'm approved for 1k, I should only spend $100.

@DNYLNY

5 жыл бұрын

U can spend $1000. Just pay it off before the statement closes and your utilization rate will be 0%

@kellyakakells

5 жыл бұрын

Yeah you can spend $1000 just make sure to pay it off before the next closure date.. Having a balance of $100 before the next closure would denote 10% utility rate..

I have had the discover it student card for 6 months and my score is 771. My report shows that the only bad thing I have is a 6 months credit history and I only have 1 card. Other than that my utilization is 2% and I have no late/missed payments. I have learned these habits from you and I thank you for all your credit card info.

This is a great video. I have never had this explained to me this thoroughly and simply before. Thanks for the info.

F 850. I'm just churning credit cards for the extra 150 for 500 spent.

@ManBearPig617x

3 жыл бұрын

Wtf are you doing on this channel

Keep this in mind Higher your credit score lower the interest.

Thanks buddy this was great. I’m already above 760 credit score by applying your strategy and I never knew all of this when I started. I actually started with a 610 and now I’m. 760. Took 8mos but can’t believe I was missing so much. Thanks again.

I'm shooting for the 800's. I just want enough tactical flexibility that if I do falter or something bad happens, I might be able to recover well.

Business opportunity. someone manufacture and sell 850 plaque's.

@AskSebby

7 жыл бұрын

"All for the low price of $850!"

Great video Sebby! I’m so glad I subscribed! Keep up the good work bro💪🏼

Thanks for the info bro. I appreciate it!

This video is AWESOME! I never knew half of this stuff. Sharing it with my kids too! Great job, extremely informative!

Thank you Sebby for this, you have already helped me improve my credit score in the past year. In hoping I can make it to the 800's

Nice video , very informative. I had score of 850 last time I applied for a loan . All the things you outlined are exactly what it takes to be perfect. Usually people do not think of or worry about their score until they apply for something and are denied.

That was the most informative and useful video I have ever watched in regard to credit.. You're Awesome.. ☺

Thank you for the very informative video by the way.

You don't want 0 utilization, but if the balance is too low ( like a dollar) the bank might still report it as 0 and write off the dollar. ( I've had it happen to me)

@billyward6570

4 жыл бұрын

That's 100%. I called discover about this and the representative said you'd probably have to leave around $10 for them to actually not waive the fee. That seems quite high to me.

@davide4607

4 жыл бұрын

0% utilization is totally fine, that's a myth.

@zonk1477

3 жыл бұрын

@@davide4607 0% utilization is bad, it shows you don't use the card at all. You don't want to prepay before the bill posts. You want it to post a bill, when it shows a bill you pay the full amount off.

@davide4607

3 жыл бұрын

@@zonk1477 Not true. Banks report your card as inactive if you literally don't use it at all. Using it but paying it off to show 0% doesn't report an inactive card.

@FlexSZN23

3 жыл бұрын

0% utilization is myth.

That was laid out very well. Thanks.

I really dig this video I saved it and I will watch it whenever I need. I'm trying to approve my score. Thanks

Your a rock star ⭐️ Sebby

Learned something today, thanks!

Excellent advice!

This was useful, thanks.

This video was helpful and informative. Thank you

Great video, you are a good instructor.

I have an 850 score, I was able to do it because I've always been financially responsible. I followed simple rules never spend money you dont have, pay your bills off early and never ever miss a payment, and get a few different types of credit and always keep your first credit card you got open. I did cancel one card but I had 2 other cards & a LOC. I use to have a balance but I paid off huge chunks by doing a balance transfer to a card with 0 interest for 6 months, so I managed to pay off way more principal!

Absolutely great info without indirect chit/chat very good thx

Yes sir. I am 32yrs old and I have 815 CS. Im going for that perfect score forsure.

That was amazing. Thank you

Thanks Sebby and everyone in the comments for helpful tips. Wish all this info was available when I was 20! I'm 30 now and along with my brother we have finally achieved a credit score of around ~825 after years of meticulous credit "gardening". After owning a business for over a decade, I just wanted to throw this out that banks are more likely to approve you for a loan or line of credit the higher your total credit line is at. e.g. They prefer someone with a 750 score with $300k in credit line over someone with an 850 with only $3k to their available credit. Going by experience, you may not get the best interest rate, but your chances are higher if you ever need capital.

Great video, very informative.

Great talk!

Thank you . This is what I needed an now I’m go for this score.

Great video, Great insight, thanks for the knowledge...

Hi Sebby, I'm a new subscriber to you and I'm so mad because I've worked so hard since my first bankruptcy from my first husband that put us into debt in 1998 now my second husband created debt also and I had to file again. Each time I Rose my credit score in the 800's and for the last year my credit score was 859 I was shooting for 900 and now everything's been wiped out again. So this time I'm not going to have this happen again. I'm 61 years old and need to have good credit. I didn't need 20 Credit cards to get to 859. And it took me nine years to get the score because I had the score for at least a year. I only had two credit cards.. Anyway I'm enjoying your videos take care, Carrie

Amazing video! Thank You

Love the channel! Question 1: Are all these credit scoring tips the same for Canada as in the US?

Great video. Solid information !

Thanks, very helpful

Best video ever!!! Thank you,

21 cards!? 🙄 the credit companies need a slap in the face, I bet the people in the credit companies don’t have 21 cards 🙄

Love the haircut Sebby. 1-Fade high and tight looks dope

Excellent video!!

I'm an 850 & in my mid 40s. Learn young. It pays in the end.

I always thought that getting a better credit score was impossible until a few weeks ago... I had discover increase one of my credit lines by almost 1500 bucks, and that alone increased my credit score almost 50 points, and I opened up a few more lines, and after a couple months I hit 720, all up from about 650. I am pretty young which is why the changes are so drastic, but still really cool to see that happen

Excellent video. Thank you so much!! :)

Thank you

Good advice. However, regarding getting 21 credit cards and then waiting 9 years, there may be one catch that you didn't mention. Many (most/all?) credit card companies require you to actually use the credit card once in a while. Failure to use the card for a large period of time can/will result in the credit card company closing your credit card account, possibly without notice. If you liked that card and wanted to keep it going, you'd need to re-apply for a new credit card, setting the amount of time for that card back to zero. I mention this because I learned this the hard way. I had a credit card for 13 years - it was my longest-owned card. However, I didn't use the card for a couple of years, and the credit card company cancelled the card - without giving me any notice and without giving me the option to keep it going. So that "get a bunch of cards and hold on to them" plan may require you to use every one of those cards periodically - perhaps once every 3 months - even if it is just to buy a candy bar or something. So that's 21 credit card uses every 3 months - not impossible to manage, but not trivial either.

Great info. You got yourself a new sub!

Excellent thank you!

Great content Sebby! Could you please do a quartly or yearly quick round up video that addresses if this is still accurate or have things changed? Thanks!

love your channel!! if you pay off the balance before the statement hits, do you still get the credit for minimum spends? and also reward points? or do you need it to hit the statement to get those benifits? thanks Sebby!

@tiffanyvalencia8415

6 жыл бұрын

ernie carbajal Great question, I hope we get an answer soon!

Dear Sebby: Thank you for the informative concise videos. You have helped me so much. On the way up from 700 to 850. Greeting from Alameda:)

"I'll see you in 9 years" LOL!!! That was hilarious!! :D

amazing video !! i needed to know the math behind the payment history !

👏🏽👏🏽👏🏽👏🏽👏🏽 thank you!!!✨✨✨

Because of your advice....I now pay off my CC at the end of everyday I spend on them. Keep teaching bro✊ also nice bottle in that brown bag in the backdrop🥃

@fnukwnlnukwn494

6 жыл бұрын

Then, why charge?

@lavelbrown9352

6 жыл бұрын

FNUkwn LNUkwn exactly

@777sweett777

6 жыл бұрын

I thought he said not to pay it off, but to leave at least a dollar in there.

@plantagenetsurvivor8771

6 жыл бұрын

sure kleen - If you let a statement get issued with a small balance and then pay it in full, it will get reported to the 3 credit bureaus that you paid down your account. That increases your score. By paying it off everyday....it looks like you don’t use it to them.

@plantagenetsurvivor8771

6 жыл бұрын

FNUkwn LNUkwn For the rewards. Pay attention!

I'm happy with 790 right now, but going up to 800+ will look cool. still waiting

i subscribed. Thanks for this video. learned a lot. its amazing how everyone needs credit. yet they dont just tell you the formulas of how the score works or tips to keep it high.

Thanks so much so great information video!!@

Great video

amazing video bro.

A perfect credit score isn't any better than an 800 credit score. Glad to hear Sebby say this right off the bat. When someone doesn't try to bullshit me right off the bat and it makes me want to listen to the rest of their message.

Your direct & to the point! I love it....Great info....But, anything over a 700 is just fine in my book!

hahaha "If you still want that 850, See you in 9 years" omg that was the best

good tips👍👍

OUT OF ALL THE SITES, YOU ARE THE SMARTEST, AND THE EASIEST TO LEARN ABOUT CREDIT.. VERY INTERESTING... THANK YOU...

Hey thanks for the video and going in depth talking about credit card Factors! I had a question when you said paying off your card before the end of the statement to get a 0% Utilization Do you have to make a payment on the card To still get 0% Utilization To get you an excellent credit score? Explanation - So if I got nothing on my credit card would I still be building my? credit

hi bro love ur channel

lol, already pretty much there, I just pay everything on time without bothering to check my score since I honestly didnt care that much. When I did finally check my score, it was in the upper 700s.

A very informative video. For those just starting to explore this world, I echo Sebby, set up Minimum Pay Auto-pay on all of your cards. Also, respect your budget/pay days and request specific due dates for all cards. Good luck!

Awesome video

I was told by a Citibank rep, that inquires after 6 months are not calculated as much as 1-5 months.

I read and seen in other videos that if you carry zero balance the creditor doesn't report to the credit bureaus; which I do think it's true because I've completely paid off couple of store credit card's few months and updated zero balance is not reporting. The last closing statement balance before paying off is what's being reported to the bureau. Is then better to maybe leave it as $1 or $2 balance (as recommended by "beat the bush") so it updates and lowers my utilization?

Thanks

My credit score just shot up, and a month faster than I expected. I made a large payment on my biggest debt, a few hours before my statement was finalized. Even though my free credit report said they report every 1st of the month, my July 25th credit score reported the statement balance from July 18th. Nice to know, and it was instant satisfaction from paying my debt off. One of my other cards truly is about a full 7 weeks behind in actually reporting.

I'm in the process of rebuilding now.. this is an awesome channel!

Hi Sebby, could you please explain how paying in full before the statement date will (or not) effect your reward points which calculated on the balance. Thanks

Great video! I'm fairly new to all this so I'm just trying to get a headstart and build my credit score up while I'm in college and things aren't too rough. I only have one card and have a score of 751, but get updates monthly saying my age negatively affects my credit score so I'll test out the things you mentioned and hopefully I can finish college with a score around 800.

@AskSebby

6 жыл бұрын

It's definitely a "take x steps back and x+y steps forward" approach early on, but I think it's the logical/optimal move.

I have an 813 fico score that goes up and down 798 -817. It’s been a real struggle for me to achieve my 850 goal. Pls advise.

Thank for the credit information. Now I know how to play the game.

Question: Do the credit card companies take a "snapshot" of your credit card to send to the credit bureaus before your due date? Or after that passes to see if you paid it down or off? I am confused about the statement date. Is the statement date after the due date? Thanks

Good information! Not going for 850 but I do want to go up! Thanks!

Please make a video about how often you open new cards, and cancel cards. It seems like you have the Chase Reserve, Altitude Reserve, Amex Platinum, and Ritz Carlton...do you plan on holding on to all of these? Thank you!

@piper998877

7 жыл бұрын

Bri-guy I believe he and Credit Shufu have such videos in their archive. Basically, never cancel your cards--try to product change them to no annual-fee cards. Canceling cards--especially much older cards, will significantly hurt your credit score. The more available credit you have, the better your credit score is. Also, when you cancel cards, you may place yourself at risk of not receiving bonus points from a bank's other cards.

@bri-guy70

7 жыл бұрын

piper998877 hey, thanks for the reply. I know I've seen similar videos in the past on their channels, but I don't believe they discussed their thought process of "I'll apply for a card every x months" or "I'll start my next card after I meet the minimum spend on this one" etc. so I'm more so just curious about the application strategy and which of the "premium" cards he holds on to

@Nn-me2nn

7 жыл бұрын

piper998877 will they still use ALL of the cards or just have them around?

@piper998877

7 жыл бұрын

you will need to use them infrequently so the bank won't shut the card down. But you can just go to a vending machine and buy a candy bar or something.

@williambader3606

6 жыл бұрын

I want to be able to regain my freedom ans social status help me to do it as quickly as possible from the high 500s.Also is paying off credit cards and keeping really help move my score my 750 dream score along?

Great video. I have a short sale from over 4 years ago. How long will this shirt sale effect my credit score? My report still shows a "serious delinquency" from the short sale from B of A and Chase. Thanks !

Thank you for sharing! One question. I have a credit card that I've never used. Would that be consider low utilization? Also, is it bad not to use? I will use it, but currently I'm using another card for the moment. Thanks!

@AskSebby

6 жыл бұрын

Ideally, you would use $1 a month and pay it off in full but it doesn't really matter at a certain point. I have a bunch of cards that aren't really used but still help my score (average age of accounts + total accounts).

how can you increase your credit score if you have things like student loans and hospital bills outstanding on your credit report, do these count against you or not really and if so how do you work around them?

Do closed accounts count toward your 21+ accounts needed? For example, credit karma shows my total accounts as closed + open.

What happen if u have credit card that r not used?

Total accounts doesnt mean just credit cards. I have 8 different school loans ranging from $2-5K and each one counts as an account.

shessshhh I'm at 815 ....need to continue my journey. Guess it was the inquires of I approved. Great advice !