Brehs with 700+ credit..

[Bboystyle]

Utilization under 30%

This is a myth.

 

[Bboystyle]

it's all a game just be smart with your money, I'm currently at a 794. I have

- no student loans
- No car loans (haven't had one one in 5 years and even the was on used card)

I have only owned 1 credit card my life, an Amazon card.

How old are u?

Theres more to credit then scores. They look at your credit portfolio more so than your score. Some people have 700+ scores but got a thin credit file and wont get approved for a lot of things due to this.

 

[Bboystyle]

If you starting from scratch, go get 2 secured credit cards from a major bank or credit union.
Put usage on it and pay it down by the end of your statement date.
After 6-8 months those cards should graduate and u will get your deposit back
If you're with Navy Fed, do the Pledge Loan Hack to add credit mix to your profile
Do not be late ever.
Keep your utilization down as much as you can..ideally single digit. worst case under 30%
Wait...and you will see your score in the 700s.

Stay away from predatory cards like First Premier. Their APR and Fee's will rape u.

Good luck

Most CCs have high APR regardless but its the monthly/yearly fees u wanna avoid. Either way, APR shouldnt matter when it comes to credit card decisions because u are suppose to pay the full statement balance anyways making interest rates irrelevant.

 

[Bboystyle]

i'll add dont close out older accounts, just pay them off and never use them if need be. some cards will send a notice due to inactivity that if not used in certain time frame they will close the card. I just make small purchase (gas, corner store, etc) and pay it off completely and lock it away again.

Question for the brehs - whats the advantage of paying off a card once purchases made or long before the due date? if card paid off on or just before due date there is still no interest charged or am I missing something?

If u pay off a card before the statement balance is posted, u will be reporting a ZERO balance every month which is counter productive if u are trying to build credit. Use the card, wait until the statement balance is posted, pay in full, rinse and repeat.

A few years back i was in a shyt hole with bad credit (605 fico). I hit up reddit /credit forum and fixed my shyt. Im now sitting at 830. Thats a good subfroum for anyone trying to fix your credit or build.

 

[Bboystyle]

$99/mo? Yeah that sounds like you're dealing with a credit repair company trying to dispute for you.

They just gonna keep sending the same boilerplate template letters every month which something you can do yourself.

Goodwill letters are good if you have an open account with 1 or 2 late payments. It basically says "Hey i been with ya'll for a minute and been a good customer. do me a solid, and remove that late for me bc i made a mistake. it will never happen again". They will remove those lates for you alot of times.

but if its a closed/chargedOff account that Goodwill letter wont do nothing. You will have to send out dispute letters to get it removed.

Goodwill letters will help but its up to the original creditor to forgive u. I had 2 removed due to good will letters. Theres no point to disput accurate info on your credit report. Charge offs have less of an impact on your credit profile as they age so if u cant get them removed via good will letters then just let them age.

 

[Bboystyle]

Capital one keeps denying my increases. But I haven’t used them in like 3-4 months and just let it sit with a $0 balance.. I just put my reoccurring subscriptions on them to make the cards more active

CapOne is hard to get an increase but the trick is to use most the cards limit and pay it off in full every month. This is true for every card out there but CapOne is very stingy with there increases. Ive had them for 8 years now and i only gotten 2 increases over that time. My discover card that i had for 3 years now approves my limit increase annually. Only reason i havent canceled CapOne is because its my longest standing card.

 

[Bboystyle]

know anyone with 800 credit? if so ask them to be authorized user on their oldest card. I had 850. anyone I added to my card would get min like 725 and I'm talking ppl who was in the 500s.


by far the easiest method. my wife put me on hers when I was in the 600s she was high 700s and that pulled me up so I pulled up my people after I got pulled up.

unfortunately Chase closed my card I had for 18 years and my credit dived like 40 points

Having an AU isnt going to help build your credit profile. Sure it raises your scores but scores are just the cover of a book(credit profile). Best advice is to open up a secured credit card (cap one or discover or both), use them for your daily expenses and pay balance in full when posted. Thats it.

 

[Don Homer]

mine is over 800. Simply pay your bills on time. That's really it. I use my credit card for pretty much everything, and when i get paid, i pay it off. Do this for years and it'll increase

 

[FukYaFeelings]

What state do you live in, how old are your debts, and when was the last time you paid anything on them?

I’m in VA rn. My debts are only 2 years old. I just paid some on em thincing it was a settle for less but the creditors are only disputing for me

 

[newarkhiphop]

How old are u?

Theres more to credit then scores. They look at your credit portfolio more so than your score. Some people have 700+ scores but got a thin credit file and wont get approved for a lot of things due to this.

42, I pay cash for high price items cash so I don't worry much about getting credit approved, currently selling my first home.

 

[KillerPups]

Having an AU isnt going to help build your credit profile. Sure it raises your scores but scores are just the cover of a book(credit profile). Best advice is to open up a secured credit card (cap one or discover or both), use them for your daily expenses and pay balance in full when posted. Thats it.

that takes years. and there's nothing stopping you from doing both except if you starting in the 7s you'll be in the 8s in a few years vs starting in the 5s and working your way up slowly.

getting a good score is a slow grind but miss one payment and you facing huge setbacks. It's all rigged to keep us paying more interest.

being an authorized user like a cheat code that's why people willing to pay $500+ to be on these trade lines

 

[KillerPups]

42, I pay cash for high price items cash so I don't worry much about getting credit approved, currently selling my first home.

Every high priced item Im getting I take out a new credit card for to get that bonus or spread the payment interest free over a year.

ya credit will be so high.

let's say u gotta spend 5000. u could put it on a 0% card and pay it off in 12 months. put the cash u was gonna use on a 4% checking account. pay it off in a year and pocket that extra $200 in interest plus the rewards from credit card might be another $200

 

[Eza]

814 gang

 

[FukYaFeelings]

814 gang

Nice breh…my daddy got an 800 credit score too.. said he ain’t missed a payment in like 20 years.. also said he got a AMEX card wit an unlimited limit or sum

 

[Bboystyle]

that takes years. and there's nothing stopping you from doing both except if you starting in the 7s you'll be in the 8s in a few years vs starting in the 5s and working your way up slowly.

getting a good score is a slow grind but miss one payment and you facing huge setbacks. It's all rigged to keep us paying more interest.

being an authorized user like a cheat code that's why people willing to pay $500+ to be on these trade lines

it doesnt take years

if u start fresh and have no credit, u can easily build it to 650+ in 3 to 6 months with secured credit cards.

A bank would give a lower rate loan on a customer who’s a 670 with years of history, large installment loans paid off and 6 credit cards than someone with a 700+ history of only being an AU...

Again, being an AU only raises your scores, not help build a healthy credit profile....Scores are temporary and dont tell much about your credit profile. I f u think creditors make decisions based off your scores, then u need to do some more research. U dont build credit by using someone else as an AU. U build it by developing a clean diverse credit profile. Also, u dont have to worry about paying interest on anything so long as u pay your statement balance in full every month. People like to blame banks for their debts, they aint the ones forcing u to spend above your means.