30 Comments

  1. Gif24 GT
    July 22, 2021 at 11:37 am

    Love the hair

  2. W C N
    July 22, 2021 at 11:37 am

    What i do is pay my cards off a week before the due date then i wait a day or 2 after my due date has passed charge 1 or 2% by this time my monthly statement is sent to the Credit bureaus and it makes my credit score jump up 4 to 5 points every time

  3. K Schuman
    July 22, 2021 at 11:37 am

    I find another big benefit of getting in the habit of prepaying all accounts is that I start to think of the statement date as the 'due date'. Because of that, if I space out and end up paying 'late', I'm not really late and still have weeks to pay off the balance within the grace period. Helps keep me far, far away from ever making 'real' late payments (which really tank one's credit score, for a long, long time).

  4. Denzel Durden
    July 22, 2021 at 11:37 am

    Did he say fake-o vs fico🀣

  5. Boss Bogan
    July 22, 2021 at 11:37 am

    I think FICO 10 will punish high utilization even more. Both Equifax and Transunion are moving to a model of credit scoring that uses the LAST 24 months of data and specifically the last 6-12 months of balances, utilization and your payment history. For example, your score will take less of a hit if you happen to have a $3000 balance on a $5000 card (60% utilization) IF you make fairly large payments. If you are making only the minimum, then its going to tank you by about 30-40 points depending on your profile. even more the closer you are to the limit.

  6. Jose Diaz
    July 22, 2021 at 11:37 am

    My score went -50 after getting my amex gold 😫

  7. johnnyXXX
    July 22, 2021 at 11:37 am

    I have a question. Is it bad that I prepay the full balance before the statement closes? By that I mean I pay off the balance as soon as it's processed. Most of my cards report 0% utilization because of this habit. Should I leave a little bit of balance so my utilization is somewhere around 1 to 5%?

  8. Pat Agard
    July 22, 2021 at 11:37 am

    Does AMEX business card report utilization on personal credit like capital one or not?

  9. blkbeauti05
    July 22, 2021 at 11:37 am

    Currently sitting at 753 FICO. I like to keep my utilization between 1-3%, no balances, no late payments, no black marks.

  10. ohmyfudgecakes
    July 22, 2021 at 11:37 am

    Thanks for explanation and suggestions. My score went up almost 70 points in one month. Thank you so much!

  11. Richard Servello
    July 22, 2021 at 11:37 am

    I pay the statement balance as soon as I see a balance due. Got me from a 660 CS to a 831 in about a year.

  12. Richard Servello
    July 22, 2021 at 11:37 am

    I had to push my usage to about 27% and lost about 30 points. After I got it paid down a few months later it went up 30 points more than it was before that.

  13. The Brains
    July 22, 2021 at 11:37 am

    You are so right!

  14. Carlita Miller
    July 22, 2021 at 11:37 am

    Thanks Sebby, for explaining how financial institutions look at credit utilization πŸ‘πŸ½

  15. Buzz Media
    July 22, 2021 at 11:37 am

    Do any of the business credit cards offer balance transfers?

  16. KinArt
    July 22, 2021 at 11:37 am

    Do the biz cards require an EIN?

  17. Jeff E
    July 22, 2021 at 11:37 am

    I woke up to a 31-point TransUnion credit score increase this morning!! 700 on the dot after disputing hard inquiries on my file. I'm still in shock, lol.

  18. Lamonte Grulke
    July 22, 2021 at 11:37 am

    We pay our balance daily. That way whenever they decided to snapshot our account, it will in general be low.

  19. muckymucks
    July 22, 2021 at 11:37 am

    I've had my FICO score at over 800 for a few years now. I can't imagine it being lower.

  20. jn2142
    July 22, 2021 at 11:37 am

    Quick question: Are you able to get a retention offer on the Altitude Reserve every year?

  21. Scrappy ChildHood
    July 22, 2021 at 11:37 am

    I pay of my card before report date.

  22. Mike Bova
    July 22, 2021 at 11:37 am

    I like your hair cut, its looks good
    I cut my own hair too

  23. SZN'd1206
    July 22, 2021 at 11:37 am

    Utilization was 16% 748 cs, paid down cc balance to 5% cs dropped to 685 no bad marks…i do not understand πŸ˜•

  24. Wayne Lewis
    July 22, 2021 at 11:37 am

    American Express is the worst card to have in many ways. They lowered my credit limit from 25k to 8k in the blink of an eye this year. I had spent 2k on my card at having my Lexus serviced (yes, they occasionally break down, ugh!) at a Lexus dealership and within days my entire credit score went down due to the effect of the utilization of my entire creditworthiness. It was like a domino affect. Credit is all interconnected, so my Fico score dropped about about 50 points. It showed my utilization of almost 100 percent on my AM/EX and all of this happened just days before the corona-virus hit. I hope to be back to normal sometime around Christmas, but I will certainly think long and hard before pulling out that American Express card again. I also should add that Am/Ex is well known here in the U.S., but not necessarily around the world. For travel, security and other benefits, I think, your much better off using Visa/MC.

  25. Andrew Hosford
    July 22, 2021 at 11:37 am

    Lol, I just accidentally did this too. Opened a BBY credit card to take advantage of their 0% financing for 24 months and immediately maxed the card out for the TV I was buying. Took my credit score down from 803 to 754. Wack yo.

  26. Angela Spatz
    July 22, 2021 at 11:37 am

    Hair looks ridiculous why do you guys think this shaving up the side looks attractive…..it looks AWFUL

  27. Franchesca ONeal
    July 22, 2021 at 11:37 am

    I have maxed out my credit card this month. Twice. And today's the 4th. But I pay it as soon as they process the transaction. I only have a $3000.00 credit limit though so it's not hard to do.

  28. Fa Vang
    July 22, 2021 at 11:37 am

    wow u baller lmao.

  29. Joey
    July 22, 2021 at 11:37 am

    Sebby I just got new windows for my house. They gave me 0% for 25 months. Its a 5,900 credit limit and the windows were 3,700. Should I pay it down faster even though I have 0%

  30. Arthur R
    July 22, 2021 at 11:37 am

    It's interesting both of you just covered this topic. I nearly maxed out 4 of 6 cards. Another one was around 65% and the last one still had a bit of a balance. My utilization sky rocketed, but I knew my score was going to drop doing so. I was worried that with covid and my sudden high high balance, it would bring too much attention and they would start limiting me. It never happened and I suspect it's because I've made some large purchases in my previous job, to the point I got credit limit increases. I invested a lot of money (well not my money I guess) into a business, and I knew I would get the money to pay my cards before the due date, so it was a free short term loan. Don't do this unless you know you will be able to pay and are willing to take the risk. I think my score dropped around 80 or 90 points, but it's back to normal now that I got everything paid off.