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How To Increase Your Credit Score (Get Above 800+!)

How you can INCREASE your credit score quickly, and get above an 800+ credit score which has many benefits including lower rates on loans, instant credit card approvals, etc. These methods cost no money!
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Here's how I was able to do it:
Hard vs Soft Inquiries: bit.ly/3hSu2S6
#1 Autopay
You only need to make the minimum to stay in good standing with your credit score, so that's where the autopay comes in.
On time payment history accounts for 35% of your credit score. In general, you should always have autopay on all loans and bills, but in the case of credit cards its especially important.
#2 Credit Utilization - Opened 3 Cards
Proper credit utilization makes up 30% of your score.
But what IS credit utilization? Essentially lenders look at how much of your available credit you're using, and if you're above a certain threshhold, they either like you, or they deem it risky.
Having a credit limit of $10,000, if you leave a balance from one month to the next of over 3000, or 30%, that could negatively impact your credit score.
So, first rule here is to always leave the smallest balance you possibly can on a credit card - in addition to making the minimum payments.
The reason I opened 2-3 credit cards was that every time you open a credit card, your credit limit should be increased by the additional card. What i Mean by this is, if you have 1 credit card and your limit is $2,000, if you apply and get approved for another card, your limit on that NEW card could be $2,000. Your total available credit just DOUBLED,
2a. Authorized User Hack
If you're under 18 - you can ask your parent/adults to get added to their credit lines as an authorized user - you essentially piggyback off their credit and can boost your score instantly by doing this.
#3 Length of Credit History
Credit History is 15% of your total score, and there's really no way around this one. I've had my credit going for 15 years, the day I turned 18, well technically I did it when I was 17 with the authorized user.
So there's no way really around this one - besides having patience and waiting it out.
#4 Number of Credit Lines / Credit Mix is Healthy
The 4th reason and also 4th factor of having a good credit score is that 10% of your score comes from the number of credit lines you have. This is Also known as "credit mix".
By having more credit available, this will help you increase your score because you're making more on time payments.
Having a healthy mix of credit shows lenders that you can handle more debt and are likely to pay it back.
#5 I don't inquire for new credit all the time
I rarely asked for credit throughout the past 15 years, only when applying for car leases or financing.
Research shows that opening several credit accounts in a short amount of time represents a greater risk-especially for people who don't have a long credit history. If you can avoid it, try not to open too many accounts too rapidly.
👊 If you like the work and appreciate the value it may bring, please show it some love and drop me a Like and a Comment (I reply to every single one!). If you're feeling extra 💥⚡️🔥 you can share this video with your friends and on social media!
🙋🏻‍♂️ Who am I? My name is Humphrey Yang, I am an entrepreneur who has built businesses and am passionate about Personal Finance. This channel is dedicated to helping people (whether you're 21 or 81) become better with their Money, Personal Finances, and Entrepreneurship, I hope these videos help.
📧 Contact me: If you have a question feel free to leave me a comment on my videos or follow me on IG and send me a DM! If you have a business related inquiry, please then send an email to my manager: cfhtalent@gmail.com
Disclaimer: I am not a financial advisor, any investment commentary are my opinions only. Some of the products and services that appear on this channel are from companies that I have an affiliate relationship with, such as Robinhood, for which I recieve a small percentage made via those links, but it doesn’t cost you anything extra!
Timestamps:
0:00 - Start Here
1:19 - Autopay and Payment History
2:31 - Credit Utilization and Credit Cards
4:47 - Authorized User Hack
5:37 - Credit Length
7:03 - Credit Mix
7:52 - I Rarely Ask For New Credit
8:23 - Hard vs Soft Inquiries
9:57 - TLDR Summary
11:02 - Thank you Patreon Patrons

Пікірлер: 108

  • @humphrey
    @humphrey3 жыл бұрын

    IF YOU SEE ANY COMMENTS from people "recommending" experts, or seemingly advertisement-driven comments, IGNORE THEM - They are SPAM. Anyway, I hope you all enjoy this video! I hope it is eye opening! Let me know what you think in the comments. Thank you all for the 30K Subscribers!!! (i'm about 50 shy but just thought I'd say thanks now!)

  • @daddyland
    @daddyland3 жыл бұрын

    I am stuck around 725 because I never knew how much of an impact it would do to my credit when I missed one payment but now all my cards are on autopay! I am happy to know that I am already doing all the steps you brought up in this video! Now I just need to wait for my score to go up... Great video like always Humphrey!

  • @masiahmad3662
    @masiahmad36623 жыл бұрын

    Excellent and very informative video as always, great job Humphrey!!

  • @humphrey

    @humphrey

    3 жыл бұрын

    Thanks Masi!

  • @sophieh8999
    @sophieh89993 жыл бұрын

    Me sitting here with my 2yrs old credit history and not understanding why I do not have a score >800. Now I got it. Thanks!

  • @humphrey

    @humphrey

    3 жыл бұрын

    awesome :) glad to hear it!!

  • @annabethholliegriffith7285

    @annabethholliegriffith7285

    3 жыл бұрын

    The best,smartest and fastest way to improve your score is through the expertise of Data scientist and revo hacker called SolutionX. He's a elite credit agent. Well ,help yourself. If you want to qualify to buy a home quick,own a car and clear negatives,derogatory marks and hard inquiries on your report. Mail him at ( fixxhackxspy@ gmail ● com ) it is a very fast service and effective yield results within short period of time, cheap service fee and untraceable clean job done by him...pay conscious effort to help yourself as ignoring your credit score wont help at all. He got me up to 822 and boosted my credit line to 200k and this is like a vote of thanks too. I'm forever grateful,anyone who is interested can contact SolutionX too and remember to thank me later

  • @krakken11354
    @krakken113543 жыл бұрын

    I think your credit score is higher than Dave Ramsey for sure 👍

  • @humphrey

    @humphrey

    3 жыл бұрын

    Lmao I hope so

  • @anthonywhite9828

    @anthonywhite9828

    3 жыл бұрын

    I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @TheFragmaster7
    @TheFragmaster73 жыл бұрын

    Hey Humphrey! Yet again another great video. Just want to say thanks for all the advice and knowledge, it really inspired to read more into investing and personal finance. Can safely say I know a lot more than before and feeling much more comfortable with finances.

  • @anthonywhite9828

    @anthonywhite9828

    3 жыл бұрын

    I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @humphrey

    @humphrey

    3 жыл бұрын

    Great to hear! Thank you Fragmaster.

  • @TheAznMunk
    @TheAznMunk3 жыл бұрын

    I’m so glad I found you on TikTok. Thank you for content that schools don’t teach you. “You the real mvp”

  • @roseM9891
    @roseM98913 жыл бұрын

    I just jumped from my tik tok to your you tube :) I appreciate your content and have learned a lot. Ty!

  • @humphrey

    @humphrey

    3 жыл бұрын

    Awesome! Thank you for being here Rose :D

  • @stanleywarren640

    @stanleywarren640

    3 жыл бұрын

    Do you have problem with increasing your credit score and removing your poor credit reports, I've got a good news for you , my credit score was just increased from 470 to 820 and and all my awful credit reports has been cleared,he also hacked into my 3 credit bureaus, let me introduce you to Michael Gibbs, you can contact him through his mail [Gibbs@creditpatchup.com] and thank me later.

  • @ilyjustinluuga
    @ilyjustinluuga3 жыл бұрын

    Another great video! The authorized user on a credit card is probably one of the best things a parent could do for their child! Thank you for this awesome video!

  • @humphrey

    @humphrey

    3 жыл бұрын

    Totally agree Thank you Justin!!

  • @aligee1
    @aligee13 жыл бұрын

    Excellent ....I watch almost all your videos. You pick all the good topics.

  • @humphrey

    @humphrey

    3 жыл бұрын

    Thank you Aligeeeee

  • @mperry0302
    @mperry03023 жыл бұрын

    Love the video! Could you do one on when to rent vs buy a home? I’ll be graduating college in the next year, so I’ve realized I’ll have to start making those decisions soon.

  • @humphrey

    @humphrey

    3 жыл бұрын

    I can definitely consider a video like that! I myself know that there are pros and cons to both, I'm kind of in the middle... good suggestion!

  • @FinancialBeanstalk
    @FinancialBeanstalk3 жыл бұрын

    Been sitting around the 790's for a while so looking for a few hacks to break 800, thanks for the tips!!!

  • @humphrey

    @humphrey

    3 жыл бұрын

    Happy to help! Hopefully you get to 800+ . Sometimes its just time...

  • @stanleywarren640

    @stanleywarren640

    3 жыл бұрын

    I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @shwein3
    @shwein33 жыл бұрын

    I'm loving all your videos!

  • @humphrey

    @humphrey

    3 жыл бұрын

    im loving that you're commenting

  • @waterheaterservices
    @waterheaterservices3 жыл бұрын

    Very valuable information ladies and gentlemen.

  • @humphrey

    @humphrey

    3 жыл бұрын

    thank you!

  • @GuillermoSmyser
    @GuillermoSmyser3 жыл бұрын

    This was a great topic to cover. I think this will bring a lot of people in. Super catchy. Hopefully they check out other stuff too because I think there are people who worship at the altar of FICO but don't realize how much better off they'd be with more common sense financial advice or even what benefits other things you teach offer. They just hear "credit score" and say "that's what I need" .... so hear's hoping this catches them and they stick around, cause you do good work. 29.9k ... so close! 50K ... hmmmm before December.

  • @humphrey

    @humphrey

    3 жыл бұрын

    Thanks Will! Yes hopefully 50k before December but I'm more worried about figuring out what type of content you guys wanna see!! So if you have any ideas let me know ;)

  • @wendyyang1859
    @wendyyang18593 жыл бұрын

    Woah! I didn't know this, really helpful!

  • @douglasfredrick7349

    @douglasfredrick7349

    3 жыл бұрын

    I can honestly say that CREDITSCORESPY are awesome, they stayed in communication and on top of everything, they gave me detailed information on what to do and what not to do, they focused on my credit until I was approved for my fully remodelled brand new home, and I just want to say Thank you to the staff for such a awesome job, you guys had faith in me when I didn't have faith in myself, I really appreciate you all.CONTACT US [creditscorespy@gmail.com]

  • @douglasfredrick7349

    @douglasfredrick7349

    3 жыл бұрын

    I can honestly say that CREDITSCORESPY are awesome, they stayed in communication and on top of everything, they gave me detailed information on what to do and what not to do, they focused on my credit until I was approved for my fully remodelled brand new home, and I just want to say Thank you to the staff for such a awesome job, you guys had faith in me when I didn't have faith in myself, I really appreciate you all.CONTACT US [creditscorespy@gmail.com]

  • @KarateKatMagic17
    @KarateKatMagic173 жыл бұрын

    Super helpful😌

  • @anthonywhite9828

    @anthonywhite9828

    3 жыл бұрын

    I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @humphrey

    @humphrey

    3 жыл бұрын

    I'm so glad!

  • @RentReporters
    @RentReporters3 жыл бұрын

    Great video Humphrey! Just found your channel, we actually did one like this not too ago too!

  • @sixtynineelephants2403
    @sixtynineelephants24032 жыл бұрын

    I’m gonna hit the like button when my score gets over 800.

  • @kameronselvey4723

    @kameronselvey4723

    7 күн бұрын

    Did it ever happen?

  • @mikeyoung7640
    @mikeyoung76404 ай бұрын

    Hard pulls can stay on your report for 3 to six years

  • @wingchicheng6777
    @wingchicheng67773 жыл бұрын

    Hey Humphrey! I was wondering how long should I wait when it comes to opening a new CC? I've been learning more about finances and realizing that the credit utilization to improve the score! Only had one for almost 6 years, recently opened a second one and now my credit score is above 770. I was thinking about opening an Amex but wondering how long should I wait before making an hard inquiry?

  • @bethalunerstar4635
    @bethalunerstar46353 жыл бұрын

    You should do a refinance mortgage video 👍🏼

  • @humphrey

    @humphrey

    3 жыл бұрын

    Thanks for the idea!

  • @myingdrinkard
    @myingdrinkard3 жыл бұрын

    Thanks for this video! It's incredibly helpful :) Do you think you could do a video about your thoughts Dave Ramsey? I used to be a hardcore Dave Ramsey fan, no credit cards, no debt, etc. But now I find that his methods are too restrictive for me personally. I used to think his solution was a one size fits all but I've definitely opened my mind more. Again, thanks for the awesome video! Keep up the great work.

  • @sanchezjean38
    @sanchezjean382 жыл бұрын

    Thanks so much!

  • @keilam2608
    @keilam26083 жыл бұрын

    How about increasing your total credit limit by increasing the credit limit of one of your credit cards as oppose to opening up a new one? Example: you have 2 credit cards, both of which have a limit of $2000, giving you a total credit line of $4000. You increase the limit of one of the credit card to $4000, which turns the total credit limit to $6000. Will this have a positive impact?

  • @shaymickal
    @shaymickal3 жыл бұрын

    Is it better to pay off credit card purchases immediately before the balance is actually due, or would you recommend letting the balance build and paying it at the monthly balance due date? Or does it even make a difference as long as you are paying it off each month?

  • @deesplash7087
    @deesplash70873 жыл бұрын

    Ty sir ✍🏽

  • @patrickdavidl
    @patrickdavidl3 жыл бұрын

    in Canada, Authorised users credit is unaffected by good/bad performance. :(

  • @humphrey

    @humphrey

    3 жыл бұрын

    Wow good to know

  • @RosieVintage
    @RosieVintage3 жыл бұрын

    So Humphrey would you like to add me as an authorized user? In all seriousness I wish I’d known about that hack earlier😐

  • @humphrey

    @humphrey

    3 жыл бұрын

    Hahaha :D

  • @shepherds_grandma2921

    @shepherds_grandma2921

    3 жыл бұрын

    🤣🤣🤣

  • @daddyland

    @daddyland

    3 жыл бұрын

    @@anthonywhite9828 nice try

  • @plexburner9277
    @plexburner92773 жыл бұрын

    Does closing a charge card account such as an Amex Gold card have the same negative impact on your credit score as closing a credit card account would?

  • @humphrey

    @humphrey

    3 жыл бұрын

    Since charge cards don't have an impact on your credit utilization ratio, closing them doesn't have a credit score impact. However it does have an impact on your length of credit history.

  • @JonoTings
    @JonoTings3 жыл бұрын

    Since I’m younger should I open the majority of my cards now, so that later when I make a large purchase, such as house, the hard inquiries would be gone.

  • @anthonywhite9828

    @anthonywhite9828

    3 жыл бұрын

    I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.

  • @humphrey

    @humphrey

    3 жыл бұрын

    If you're able to open a couple Jonathan that won't cost you anything in fees, and you just hold onto them and dont spend too much on them, then yes.

  • @andrew6207
    @andrew62073 жыл бұрын

    Can you open a credit card under 18? Or just become an authorized user?

  • @Whatsinaname_
    @Whatsinaname_3 жыл бұрын

    Can I have my kid as a authorize user for my account or get them a secure credit card?

  • @There_is_No_Spoon_
    @There_is_No_Spoon_2 жыл бұрын

    Deuteronomy 23 :19-20. Lord God

  • @hnyflvr
    @hnyflvr3 жыл бұрын

    What’s your FICO? 🧐

  • @Patelivision
    @Patelivision3 жыл бұрын

    If I want to increase the credit limit on multiple credit cards, is it better to do them at once if I don't plan on applying for a loan any time soon? That way they fall off sooner. Not really looking to apply for a loan anytime soon

  • @anthonywhite9828

    @anthonywhite9828

    3 жыл бұрын

    I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @humphrey

    @humphrey

    3 жыл бұрын

    i'd say 2 max at a time. You also dont want to completely lower your avg length of credit history. @patelivision

  • @Patelivision

    @Patelivision

    3 жыл бұрын

    @@humphrey increasing the credit limit would lower my average history? I thought that would only happen if I opened a new line of credit

  • @humphrey

    @humphrey

    3 жыл бұрын

    @@Patelivision Sorry I read that wrong, I thought you meant credit cards. For credit limits, yes, you can do them all at once.

  • @jacobdhall
    @jacobdhall3 жыл бұрын

    But, do ask for increases on existing credit, right?

  • @humphrey

    @humphrey

    3 жыл бұрын

    If you're able to, yes Jacob.

  • @douglasfredrick7349

    @douglasfredrick7349

    3 жыл бұрын

    I can honestly say that CREDITSCORESPY are awesome, they stayed in communication and on top of everything, they gave me detailed information on what to do and what not to do, they focused on my credit until I was approved for my fully remodelled brand new home, and I just want to say Thank you to the staff for such a awesome job, you guys had faith in me when I didn't have faith in myself, I really appreciate you all.CONTACT US [creditscorespy@gmail.com]

  • @0margad
    @0margad3 жыл бұрын

    Im an authorized user under my dads account but just got approved for my own card. Should I keep the authorized user account alive?

  • @humphrey

    @humphrey

    3 жыл бұрын

    you can keep teh authorized user account alive, just dont do anything with the card !

  • @stanleywarren640

    @stanleywarren640

    3 жыл бұрын

    I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @shepherds_grandma2921
    @shepherds_grandma29213 жыл бұрын

    I wish kids were taught this in school!

  • @anthonywhite9828

    @anthonywhite9828

    3 жыл бұрын

    Yea, but I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @humphrey

    @humphrey

    3 жыл бұрын

    Thanks Shepherds Grandma, ignore the spammer!!

  • @shepherds_grandma2921

    @shepherds_grandma2921

    3 жыл бұрын

    Hope you have a great weekend

  • @douglasfredrick7349

    @douglasfredrick7349

    3 жыл бұрын

    nobody will teach you visit creditscorespy@gmail.com

  • @steaknive
    @steaknive3 жыл бұрын

    According to turbo tax, my credit score is 740. Im pretty sure that when I applied for my mortgage, all three of the credit scores used for that were 770+. Any explanation on the different types of credit scores available?

  • @anthonywhite9828

    @anthonywhite9828

    3 жыл бұрын

    I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 13 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.

  • @steaknive

    @steaknive

    3 жыл бұрын

    Anthony White I don’t need higher credit. I’d just like a better understanding of the different scores.

  • @danolson464

    @danolson464

    3 жыл бұрын

    @@anthonywhite9828 Thanks for the info.

  • @ryanmelendez625
    @ryanmelendez6253 жыл бұрын

    30k giveaway????

  • @humphrey

    @humphrey

    3 жыл бұрын

    Hahaha maybe a Q&A???

  • @andreszapata.m
    @andreszapata.m3 жыл бұрын

    Literally double my credit score... 😞

  • @humphrey

    @humphrey

    3 жыл бұрын

    YOU CAN GROW YOURS!