How to BOOST your credit score CRAZY fast | Credit Hacks

______________________________________________________

👀 Watch This Next 👀

🔴🔴 Justin's Recommendations🔴🔴
_________________________________________

🕘Timestamps:
1:30 1st tactic (most important)
2:15 2 steps on how to become an Authorized User
3:10 BIGGEST question about becoming an Auth. User
4:18 2nd tactic
5:30 3rd tactic
6:22 4th tactic
7:43 5th tactic
9:27 Question of the Day

👇👇👇 Detailed Notes 👇👇👇

#1) Authorized User
This technique is what my family member used and helped him boost his score of almost 150 points within days.

How to set up to become an authorized user?

Step #1) Identify who will authorize you to be under their credit

You can become an authorized user under someone else’s account such as a parent, sister, brother, or even your child if they have a really good credit score AND a long credit history in their belt. I would recommend aiming for someone with at least a 750 as their credit score.

Step #2) Get a credit card with your name on it, but under their account. This is like a co-signer when buying something like a car. This would also mean that they are liable to pay off the credit card bills if you don’t and you wouldn’t be held liable for the bills. However, I don’t recommend doing this as they took a risk already by making you an Authorized User.

BIGGEST QUESTION:
“Why would I let someone with a lower credit score on my account? Wouldn’t this lower my score and hurt my credit report?

The answer is NO.

Your score will get reported to the credit bureaus separately from the person who authorized you. So if you got authorized from your parents whose score was 790, there is a high probability that your score will jump upwards of 50, 75, even 100+ points in less than 30 days.

Is there a downside to this, there can be. Since the big Subprime Mortgage crisis back in 2007, it changed some ways that lenders look at credit reports. The lenders could, not always, look at your credit history and see that you are simply an authorized user.

#2) Strategically Contacting the Credit Reporting Agencies
You simply identify the error(s), tell the credit reporting company, in writing, what info is inaccurate, allow time for the investigation, and then follow up requesting results in writing (if the results change, you are obligated for a free credit report from the agency).

#3) AVOIDING HARD PULLS FOR NEAR-FUTURE LARGE PURCHASES
Let’s say you are going to be buying a car and you will need a $25,000 loan in the next 60 days. You need to avoid any other hard pulls for at least a couple months beforehand (i.e. credit card applications, mortgages, other auto loans, etc).

#4) Keeping Your Credit Utilization Extremely Low (0% is ideal)
Keep your credit utilization under 10%, or ideally 0%, to increase your score tenaciously.

#5) DO NOT MISS ANY PAYMENTS

It is really easy, nowadays, to forget to pay for something. We have so many online payments, such as Netflix, HULU, and Disney+ that we get clumsy. We have the luxury of auto-pay so set it up. Companies usually do not report it to the Credit Bureaus that you were late on a monthly bill until a few months have passed.
______________________________________________________

Question of the Day (QOD):
Which one of the 5 tactics are you going to use first? Please leave your answer below in the comments as I would love to connect with you.

Be on the lookout for the next “WHAT THE….FINANCE” Friday video as I will be discussing “HOW TO DISPUTE CREDIT REPORTS – INSIDER SECRETS REVEALED!”

______________________________________________________

Intro Music: "Blood on Your Hands" by Jordyn Edmonds

***Please note that this video is for entertainment purposes only. Please consult with professional, licensed people before making any financial decision.
______________________________________________________

Thank you for tuning into my video. I hope you learned something. If you did, please like, subscribe, share and comment below on what your key takeaway was?

Have a blessed day and see you in the next video!

Add me on IG/TikTok @ DrJustinHouser

#IncreaseFicoScore #FICOScore #IncreaseCreditScore

[JustinHouser]

This was a SUPER FUN video to make. I would love to know which of the 5 tactics you will use first as I can't wait to hear how your credit journey changed ;-)

[topmostunbelievable]

The Authorized user portion definitely made sense. I always thought that it would lower the person's score if they added someone. Thanks for clearing it up!

[topmostunbelievable]

I really like how you write out the description out. Don't get me wrong, I like your videos, but it is nice to reference that during the video. Like your timestamps also

[yumikohouser]

No hard pulls 90 days before a major purchase makes complete sense. Do you consider only buying a new car, or house, a major purchase?

[yumikohouser]

150pts in a coupe days? Wow, I have heard bad things about becoming an authorized user. Thanks for the clarification

[Travelingwithachair]

I am fortunate to have a high 700 number, but I have friends that can benefit from these actions.

[justinhouser]

I also love how you put in the time to not only make this video, but to make your description so detailed

[justinhouser]

HOT VIDEO! Authorized user is something a lot of people trash on or say to not do it. Thank's for making it right!