INCREASE FICO CREDIT SCORE IN 30 DAYS | Credit Card Tips | Disputes

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Top 5 Credit Tips:

0:00 Intro
0:27 Credit Tip #1 - Pull Your Credit & Dispute Discrepancies, Derogatory Marks, and Errors
1:33 Dispute, Dispute, Dispute!
2:21 Dispute Method #1 - ONLINE
3:35 Online Dispute Scenario
5:08 Dispute Method #2 - by phone (NOT always a reliable method)
6:02 Dispute Method #3 (MOST EFFECTIVE METHOD - BY MAIL)
8:00 Why Mailed-in disputes work!
8:44 CREDIT TIP #2 - Lower Credit Utilization to Boost Credit
10:00 CREDIT TIP #3 - Ask for a Credit Limit Increase on Good Standing Credit Accounts (Request online & ask if it’s a hard or soft pull)
11:20 Increase Credit Limit but DO NOT increase your credit spending!
12:56 CREDIT TIP #4 - Become an Authorized User (Make sure they have excellent credit)
13:43 I added my Family members to my AMEX accounts to boost their credit score.
16:33 CREDIT TIP #5 - Stop applying for new credit!!!
18:13 LIKE, COMMENT & SUBSCRIBE

FIRST: ON TIME PAYMENT HISTORY - 35%
You can ask creditors to remove late payment history as a courtesy! DON’T MISS A CREDIT CARD PAYMENT AND DON’T PAY IT OFF LATE. EVER. In order to get a perfect credit score, you’ll need to pretty much NEVER miss a payment, ever - otherwise that could completely ruin everything.

SECOND: CREDIT UTILIZATION - 30%
In order to get yourself a PERFECT score, the credit bureaus want to see that you aren’t maxing out all of your credit cards, and that you’re keeping a relatively LOW balance compared to the overall credit you have available to you. One of the techniques I use to help with this, is just to have a LOT of available credit - all with really high credit limits.

THIRD: LENGTH OF CREDIT HISTORY - 15%
The older your credit accounts are (7 years older or better is great) the higher your credit score will be. This is why it is important to leave as many "positive" accounts open as possible!

Now, it is important to remind you that this is calculated as the AVERAGE length of your credit history…not the TOTAL length.

FOURTH: TOTAL NUMBER OF CREDIT LINES - 10%
First, the more credit lines you have - the higher your credit limit - which lowers your overall utilization, and helps your score.

Second, by having MORE credit available to you, you’re able to show even MORE on-time payments - which, again, will help increase your score.

And third, having a mix of credit types - like an auto loan, a mortgage, and credit cards, shows lenders that you can appropriately handle multiple types of loans without defaulting on them.

FIFTH: NUMBER OF CREDIT INQUIRIES - 10%
Anytime you go and apply for credit, it’s reported to the credit bureaus and shows up on your report as a “hard inquiry.” This lowers your score by 3-5 points PER PULL! Do not apply for new credit unless you ABSOLUTELY need to (such as when buying a home or a car & even then you need to minimize how many times your credit is pulled.)

In addition to that, if you ARE out there getting new credit cards - that also will LOWER your average credit length - which could further drop your score, as well.

I raised my credit score over 300+ points and I didn't have to pay anyone! The most common misconception of improving one's credit score is that if you pay your collection accounts that are reported on your credit report, this will help your credit score. WRONG! I will explain why disputing collections accounts from your credit report is the BEST method to raise your score!

(I AM NOT A FINANCIAL OR CREDIT ADVISOR. THIS IS STRICTLY FOR INFORMATIONAL PURPOSES & SHOULD NOT REPLACE THE ADVISE OF AN ATTORNEY OR CREDIT AGENT.)