How to Fix a Bad Credit Score FAST!
youtu.be
The video discusses the importance of having a good credit score and provides tips on how to improve it. The speaker explains that having a higher credit score can result in better loan rates and more money in your pocket. He breaks down the five components that make up a credit score, with the timeliness of payments and credit utilization being the most important. To improve one's credit score, the first step is to know what it is and to check for inaccuracies. The speaker recommends obtaining a secured credit card as a way to build credit, making timely payments, and keeping credit utilization low. He also suggests becoming an authorized user on someone else's credit account and requesting credit line increases on current credit cards. The speaker emphasizes the importance of maintaining a low credit utilization rate and avoiding opening new accounts or closing old ones while in the process of building credit. He concludes the video by encouraging viewers to subscribe to the channel and sharing a joke. Overall, the video provides a foundation for understanding credit scores and the top five things that can be done to improve them.
The video discusses the importance of having a good credit score and provides tips on how to improve