Secret Credit Hack 15/3 INSTANTLY BOOST Your Credit Score 🚀

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In this video I cover 2 huge credit score increase hacks and how they work. If you’re repairing your credit score or going through credit repair. What are the best methods to raise your credit score. #credit #creditscore #creditrepair #creditscoreincrease

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Disclaimer: I am not a financial advisor. Limitless Culture and/or Mike The Credit Guy does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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MikeTheCreditGuy
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Correct me if I'm wrong. But I believe most people are talking about carrying a statement balance, not a balance after your due date, in which you would be charged interest in that particular instance.

bigwoo
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Dude this system works. Let me explain why.

Your card issuer, closes its books on you the days your statement is generated.

The beauty of this system is that it lowers your outstanding debt.

Now I hear you agreeing with me. Pay twice a month. 7 days before it’s generated and 7 days after!

Northernmike
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It looks like it's a variation of the mortgage hack that some people might think in theory it would work because it works on mortgages. In mortgages you can take years off your mortgage by paying it biweekly.
I don't know what that does to your credit score but I do know that it gives you instant extra equity.
My home is paid off and the equity does not give me anything as far as a credit rating goes.

MIRIsSTYLE
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I've made 5—10 payments a month on each card so, I'm going to call my credit card companies and complain why I'm only showing one payment when that woman says she's getting two! 😡 😂

CharlesINTEL
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Facts i try to stay around 2 pr 3 percent utilization

killacam
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Thanks for the correct and very clear info.

bflor
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So lets say I get a card and use up to 6%, and pay it off in full if possible around 3 days before due date. Then my score should go up. Is that correct?

Mr_Emoney
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I saw tht chick on the podcast..when she said leave a balance i was like huh 🤣🤣🤣

killacam
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Hey boss, I don't do much traveling should I shoot for the Capital One venture card or a savior one

albertoliver
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Question so I have a 0% APR card intro promotion for 15 months, meaning no interest for that promotion. It it a good idea to leave 1-2% utilization for the promotion period since I have the intro promotion? That should be okay right to take advantage and milk the promotion to boost my score? Also, when you say carry a balance, this means leaving 1-2% of the total balance AFTER the statement closing date or AFTER the balance due date? Basically what should be the right tactic to milk this promotion period of 0% APR and using low utilization so I do not give the bank fee money?

CyBeRproductionz
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What about user who pay off their balances every single month in full but use their cards heavily? This has irked me for years as someone who never carries a balance.

marthalewis
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If I wanted to buy a new car in 90 days could my credit score jump up buy paying my credit cards that have higher balances on them

to
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cant find cred ai can you tell me where it is

patrickbutler
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Your score is worse when you carry a balance

Northernmike
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My guy you on here yappin Shonda Martin the truth…if you carry a balance the first month you wont owe that money until the following month…pay the entire balance off before the due date to zero out and then leave a 3-6% balance prior to the statement date…rinse and repeat.

Goodjobjoe