The MOST IMPORTANT Factor in Improving Your CREDIT SCORE – The Credit Shifu

@Ben Hedges, you’re always creating great content. Keep up the great work. I’ve been watching you since August and you haven’t disappointed me at all.

I'm out of the game.

Great video!

The real secret is 1% credit utilizion it gives extra points long term

Thanks again for all this detailed information. You have helped me repair mistakes I made to my credit I made in my youth.

👆 – MY PRIVATE PHOTO HERE 🔥💌s🍒

The most important factor in improving your credit score is starving yourself and working out in your late teens to early twenties so you can attract or prey upon someone who is rich, a high earner, or at a minimum has a large potential for success. This accomplishes a few things:
1)You can actually state higher income on credit products without lying;
2)The person you snookered, I mean married will pay off your debt obligations;
3)Most legit employers offer a complimentary death insurance benefit based on some factor times the newly deceased salary. This can vary greatly but I've seen 2x-3x the salary at death but can also vary if they are on the clock or not. To be safe get a separate life insurance policy.
4)What's better than a perfect payment history? A perfect payment history with really big numbers. For more manual reviews, at least, being able to pay off millions compared to thousands certainly will be more enticing to lenders. It gives them a stiffy.

So are you saying maxing one card dings your credit more than spreading it out? The overall utilization percentage would be the same in both cases. If so, this adds another consideration for me, and is not how I understood it to work.

Thanks for all the great content you've posted over the years.

"Sing them a song"….LMAO

I just took my biggest hit yet for opening a new account… 41 points. Was my 3rd card making 5 total active accounts. Have a student loan consolidation that just went through, that's gonna hit my age of accounts again and likely drop me into the 'good' rating. I know it'll bounce back but I was at 796 prior to this.

Iam trying

HELLO!!!!😂😂😂😂

I'm going to send this video to all my friends and family who always ask me for help with their credit because I think my strategy is far too anal for most people LOL! I usually tell them to disregard the score of credit karma but to look at credit karma instead for the "credit factors" and every month make it your goat have the top three factors read as such "Payment History 100%, Credit Use 0% or 1% at the highest, and Derogatory Marks 0" and if you do that than regardless of what the other factors state you will be in good shape. My utilization is currently at 0% overall and the highest utilization on any of my cards is 3% and that's on my Capital One card with the lowest credit limit but every other card I have is either reporting 0% or 1%.

The best way I have found to minimize my utilization while still taking advantage of adding on-time payments to my report is to always pay on time and in full, and then make interim payments before your statement close date to bring your utilization down to 1-2%. You want your balance at the statement close date as close to $0 as possible, but not $0 or below so that you still have an on-time payment reported. Although it can be more difficult for many to manage their credit cards like that, I've found that's the best way to do it, especially if you're early on in the credit game and have really low credit limits. Great video Ben!

Hope you have plans to use that credit score

I received a new card w/ low credit limit. If I wanted a higher credit limit, I was advised that spending 60-75% in the first few months would encourage the card issuer to increase the credit limit. Is this true and is this a good idea?
My other credit cards maintain a very low credit utilization with fairly high limits.