How to BOOST Your CREDIT SCORE in 2021

by YouTube Team

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In this video we show you how to boost your credit score in 2021. If you are watching this in the future, this info will likely still be accurate. We use My Fico to demonstrate.
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33 comments

The Credit Shifu August 12, 2021 - 1:56 am

Download the Cover App and start saving more than 70% on your car insurance: https://app.cover.com/thecreditshifu

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Mark Reese // Credit & Finance August 12, 2021 - 2:27 pm

Step 1: Watch this video
Good job, now you’re on your way πŸ˜πŸ‘Š

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The Dominican bike messenger August 12, 2021 - 2:27 pm

1

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Boss Bogan August 12, 2021 - 2:30 pm

Future Bogan here!! The credit scoring scale is now 0-1000 and that 850 is only considered "very good" lol

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Casey Burns Investing August 12, 2021 - 2:32 pm

I heard credit scores about to be canceled for social justice. That means this entire channel is promoting oppression. How dare you sir.

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shawn sullivan August 12, 2021 - 3:52 pm

@The Credit Shifu can you mention more about the extra report that Chase does that you mentioned?

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Dionisio Jimenez August 12, 2021 - 4:23 pm

myFICO or Experian? Both offer the option of seeing the three credit scores?

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Yojalata August 12, 2021 - 4:37 pm

Whats the minimum number of accounts that you need reporting balances before you get hit with no recent usage of credit cards/bank issued open ended accounts?

Edit: 1

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TheRefJeff August 12, 2021 - 4:48 pm

Just wondering, but what would be an optimal FICO score under 800 that would get you the best rates for car loans and mortgages? I have a 733 TU FICO 8 score, but don't know if that's in the ballpark!

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Delivery Dashcam August 12, 2021 - 4:53 pm

How does Medical Debt affect your credit score?

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Jonathan Sorunke - Investing and Personal Finance August 12, 2021 - 5:20 pm

I never knew different credit scores depending on what you’re applying for. Great video, very informative!

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Stalin Lopez August 12, 2021 - 5:36 pm

This may be THE BEST breakdown of credit scores I've seen so far. Great video. Subbed

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YoyiSkill August 12, 2021 - 6:19 pm

My credit went to 760 in a year by getting 4 cards, leaving them on 0$ balance, a car loan and my cellphone bill

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Ratzel Barreto August 12, 2021 - 6:30 pm

I have 7 credit card with a debt of around 3k in total but I got a score of 747.

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Tammie Blossom August 12, 2021 - 7:10 pm

Okay

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deepsilencer SMD August 12, 2021 - 8:08 pm

Any word on Fico 10? πŸ€”

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who are you August 12, 2021 - 9:40 pm

Ben… is it possible to get the chase ecosystem (like slate edge as starter first) instead of the recommended one..? I mean don't wanna get conflict with 5/24

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who are you August 12, 2021 - 9:44 pm

But I wonder if for someone that already had history with the major bank from another country.. like amex from UK for example.. they have like global relationship.. your thought, Ben…?

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Ariana Sherry August 13, 2021 - 11:49 am

Nice content

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Alfonso Rodriguez August 13, 2021 - 5:01 pm

I have a question how many times should someone pay a credit card every month? And is it correct to do?

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crypto dev August 13, 2021 - 7:55 pm

Same as the years before D:

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Jose Sosa August 14, 2021 - 2:10 pm

Does anyone have experience that if you paid the card in full you score drops but if you owe money it goes up?

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DCrump August 15, 2021 - 12:09 am

How much do you pay for myFico?

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Jones 0 August 15, 2021 - 8:31 am

I only have revolving credit…

Never took a loan

No apartment

No car loan

No mortgage

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Jamaal Willis August 15, 2021 - 3:26 pm

I could be wrong, but I swear, you're just like a British Ben. The algorithm finally showed me these other channels!

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M&M August 16, 2021 - 1:35 pm

Credit scores are a joke. I was at 850 with no debt. Because I refinanced an auto, they dropped my score into the 750’s. The whole thing is a scam.

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jonathan pickid August 27, 2021 - 2:04 am

How about if you pay off a personal loan early but still have another small loan on file for my credit mix. What does the paid off loan do for my score?

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Angela C September 28, 2021 - 12:23 pm

Can you do a video on a construction loan ?

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Hongyuan Ye October 11, 2021 - 12:24 am

Great informative video, shifu. I am a bit confused about lowering the balance to zero though. Does it mean I could pay my bill fully before the close day every month so that I would have a 0% utilization rate?Does it really help boost my score?

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