STOP Ruining Your Credit Score! Loan & Card Secrets REVEALED!

Transcript

0:00: Manage credit wisely, avoid new loans post pre-approval, and track reporting dates carefully.

0:05: Opening up new credit affects your credit.

0:09: extending your credit, so let's say this is a credit card that you, you never used, all of a sudden you are using it, right?

0:16: what people don't understand about credit and credit cards, the main thing I would probably get.

0:20: Right, that's really important is that it's not what your end of the month is.

0:25: So if you have a $1000 limit and you spend $1000 but you pay it off at the end of the month, well, they might report it on the 20th and it shows $1000.

0:35: So you gotta think, when are they reporting it?

0:37: Am I paid off by then?

0:38: So try not to spend more than, you know, 33% or 50% and at any point and.