The DOWNSIDE of an 800 Credit Score

This video is about the downside of having an 800 credit score. Often times you hear about the fantastic perks that come along with having an 800 credit score, but there is a downside that comes along with having exceptional credit. Some people let it have a negative impact on them, while others continue flourishing.

#creditscore #800creditscore #credit #Wateryoursoil

Be sure to check out my website on how to improve your credit score:

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Disclaimer: The information provided is for informational purposes only. Content on this channel is opinion based. Please use your own discretion when making decisions regarding your credit report, credit score, and credit cards.

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[LeeHarvey]

I think it's important to remember that the kind of people that worry about whether or not they should take out a loan despite being in good financial shape are the ones that deserve the high scores. Being paranoid about your credit score is WHY you have a high credit score!

[thicks]

Well spoken and great video! 786 here high of 792 It is so nice KNOWING you are already approved

[anthonyivory]

One thing that helps you when building your score is utilization rate. I built my available credit to $285, 000 but I only use less than 5% of the total. I never take any single card over 10% of its more than 30 days . How do you get to 285k ask for an increase (soft pull) every 6 months on 10+ cards . My lowest card has a $10k limit but most of my cads are around $20k. NEVER NEVER CACEL a card that kills your credit history and length .You also need to have a variety of different types of credit (house, car loans, personal loans, credit cards.

[VinnyEl]

800 club here, it took years but well worth it. Manage that credit y’all 💯

[MayaKanaKa]

I have 827 credit score and 1 credit card that I always pay off before the end of the month. I m thinking of getting more credit cards for cash back and take advantage of 800 score. I agree with you about credit paranoia. I m worried about my score dropping below 800 and my score has been in 800’s for a longtime!!

[fjm]

It’s a nice feeling to know I can have anything I want with my perfect score. Yes I do have it. It’s also a nice feeling to have the discipline not to do it just because I can. I fell privileged being a member of the top 1.2 % of society. Hard work, paying your bills on time, paying down debt and building wealth got me there.

[slickpanther]

When I clicked on this I was like I got to hear this! There’s no downsides of an 800 credit score… but when you started talking about the paranoia, I was like bro, I feel you! I went through that too and am still going through it kinda. You have great information. I subscribed 👍🏾

[WMachismo]

I have a 850 credit score all I have been doing is paying my bills on time it takes discipline

[jamesturpin]

I just hit 801, went right to your video, and bam!!! Good credit, scared as hell to use it! And actually, I already have everything I need. I don't want to touch anything that I want. That's probably a good thing. Then again, that could be the 801 talking.

[robbywilson]

I am in the market for a new car and unfortunately with interest rates being so steep right now my 800+ credit score is not as helpful to me as I thought it would be. I am still very proud to finally hit that magic number, but it’s not a silver bullet

[billylee]

Straight facts my brother..I’m 6pts away from 800 and Credit Paranoia is real.I went from checking my credit score once in a while to honestly becoming obsessed with watching that number 🤦🏾‍♂️

[jovannyflores]

I just hit 803. Just from homedepot buying small stuff .

[YhwhKhaiMostHigh]

I have an 850 and I'm not nervous about anything. I have 3 major credit cards and a home loan. I love my bragging rights. I don't need any more lines of credit. I don't need anything else so I'm good. I run up my credit and I pay it off because I can afford it. I know it will drop when I purchase a lot of items, but I know once I pay it off it will rise back up. There was a time I was rejected every time I applied for a credit card. I know exactly what causes my score to fluctuate :)

[OLDGUY]

The only disadvantage to our hi score is, you're at the point when we don't need it. We haven't paid any interest for over 3 years to anything. That was like getting an additional income. We use or CC for every purchase. Then o out at end of month.
When we want something, we start a separate savings for it,
We don't need credit, but it is a comfortable feeling.
INTEREST WILL KILL A BUDGET.

[jordanww]

Great video! I agree getting an 800 credit score can mess with your thought process. I had been gardening to go for a US bank card since they like you to be 0/12 on new accounts. Right when I got to 0/12 I got an 850. I started 2nd guessing whether to still apply or not. Decided to do it. Once it hit my report I lost 22 points. So I had an 850 for one month. Now I don’t care as much. It took me a moment to get to this point though. Now if I want a card I just go for it.

[ktcco]

Just pulled mine 824...will add my 18 yr old daughter to my cc to build hers up

[heirtothethrone]

I see my scores as a reward for all of the hard work and maintaining good credit practices over the past years while I was rebuilding. I also know that I will add a few more credit lines this year so I will still have pretty good scores after I do. I mostly tell people to stick with their plan, be patient because it can take years but it will happen for them.

[haasman]

I hit 800 today. Only had credit for 4 years 🙌🏾. I'm definitely going to brag!!

[fjm]

Pay your credit cards balance in full each month. Make it a goal. I did. That’s a major step to 850 other than cleaning up your credit reports.

[postbyte]

I have a 810 credit score. I haven't started the video but I'm curious to see what you were going to say. It's only been my experience in financial distress instances it's easier to crawl out of an emergency. But other than that I only just maintain my credit score I don't really use my credit accounts. If I do use my credit cards like I said it's for dire strait purposes.