YOUR CREDIT SCORE IS A LIE!!!!

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What you currently know about your credit score is not what you may think. In this video, I will debunk what you really need to know about credit scores. Lender and creditors have the final say on the approval process. So it's very important to know EXACTLY what information they are pulling from.

Enjoy!

💳 - Free Credit Monitoring

👇 👇 Watch My Other Credit Card Videos Here 👇 👇

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#credit #creditmistakes #creditcards

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DISCLAIMER:
This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.

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👇 👇 Watch My Other Credit Card Videos Here 👇 👇

How To REMOVE Hard Inquiries From Credit Report For FREE!

How To Remove Late Payments From Credit Report Like A PRO!

4 Ways to Increase Your Credit Limit (2020)

NaamWynn

Creating good payment histories by paying your bills on time, this improves your credit score.

oyedokunamos

Poor credit repair services being offered everywhere nowadays.

victoroyebamiji

The best type of credit repair is do it yourself.

gboyegastephen

I live in Australia, I want to fix my credit score, can you please help me to fix the credit score?
Thank You

Dilber

Hey Naam. I have been stating credit score does not matter. A lot of the major lenders have a proprietary scoring system. For example, Navy Fed uses a scoring system that also takes into account your relationship with credit unions, not just specifically them and scores you between 200-950. They use the info on your report for coming up with your score. Citi's has a max score of 1250. Others are not as radical as those two but you get the idea.
FICO 10 does NOT look back 24 months - FICO 10T does. The difference? FICO 10 will be much like FICO 9 as far as weights and used for most deciaions by the lenders who upgrade to it. FICO 10T, which is tailored to mortgage lending (and is a more expensive pull) will only be able to look back at your utilization over the past 24 months. If you have a collection from 4 yrs ago you just got rid of 6 months ago, it stays gone. You add an AU within the last 24 months, they know exactly when you were added. You had a 80% util until 2 months before going for that house? They know. That is what it was created for. That being said, I can't see anyone going to it for a while. How many years has FICO 9 been out? The only place I have seen it used is Navy Fed, and that is only because it is the free FICO score they give you. Heck, I know over a dozen federal credit unions that use FICO 5 for their decisions, most in the top ten largest in the country.
I guess I have rambled enoungh. So from one nurse to another, stay safe.

kvasirofold

Credit Karma numbers really off versus Fico 8💯👍🏾

johnwilsoniii

ok how come my transunion score is on 657 and my fico score 9 is in 724

quiles

oh yeah you right about that credit karma is a scam

quiles

Crazy- I paid off a $25K buy selling it and my score dropped 15 points. RIDICULOUS

kpfusion

I'd like to do a credit repair, where or how should I start

QuanNguyen-rmpl

Why is my Fico score report from my bank higher than the score on Credit Karma ?

kzarpermenant

@naamwynn can you explain why your credit score from the bureau can be different then what i pull myself? Especially using the same type eitjer fico or vatange3.0?

yraceu