Credit Repair

Is 753 A Good Credit Score – 3 Reasons Why You Don't Need A Credit Score

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Is 753 A Good Credit Score – Highest Rated?

So in this video, I’m going to give you 3 reasons why don’t need a credit score. I want to start this video by saying that my credit score is at 753, so I have a pretty good credit score, and I used mostly credit cards to get them, but I never paid any interest.

1. Can You Buy House / buying a car
– You’ll need to go a mortgage company with manual underwriting ( to check all the factors manually)
– Example You history Factors are going to be: Rent Record, Bills Record, Job Record and also how large is your down payments
– But obviously, this just makes things a bit more complicated

For Car:
– you’ll most likely be paying in Cash
– which makes the dealer most willing to negotiate with you
– and also means you are not going into massive debt.

However:
– all this sounds to me like, is being afraid that you might buy a car or a house you cannot afford
– when In reality you can have a credit score and make this process a lot more simple
– Just because you have a credit score doesn’t mean you like debt, it means you know how to manage it ( now their risky ways to do it and safe ways to do it )

The Answer: Get a credit card or 3, but your automatic monthly bills on it and pay it in full automatically every month. If you are scared you’ll get into debt, Cut the credit card, and burn it. ( that way you build credit but are not going to into massive debt).

2. You Don’t Access to A large Credit Line, Only the Cash you have in your bank account
– Now I’ll be the first to tell you, as a college student I got access to a 3k credit line, while I was only making 1k per month at the time
– So I could have easily gone under
– And a lot of people today do the same, they have cars, houses, and credit card debt they can’t afford.

The Idea of Cash is King:
– Is kinda like having a wall, no credit score means no access to the massive amount of money
– Which means no way to buy something you can afford
– And for some people, this works great.

However:
– It also prevents you opportunities
– For example, A degree with great earning potential but it’s very expensive
– A rental property that makes sense and it’s going to make you money but you’ll need to borrow money.

The Point: It helps prevent bad things from happening, but it also prevents good things from happening also.

3. Renting an Apartment
– The most apartment will work with you if you have a solid income
– and a solid payment history
– however, a lot of them, make a credit score as a filter ( so you’ll need talk directly)

4. Overall: Here is what I think
– Although you don’t need a credit score, it kinda slows down the entire process, and if you are afraid of debt, just use autopay.
– And having bad credit is worst than having no credit
– So just make sure to understand credit before you use it

Ps: the more research I did for this video, I found out that the people that are most worried about credit scores. Are afraid they will ruin it or go into massive debt, so they rather go cold turkey.
– In reality, you can take control by understanding how it works

Imagine: being 18 and getting access to over 100k-500k in student loan debt
Good: it allows everyone the opportunity to get a solid career and earn a lot of money
Bad: Some people don’t pick the right career and go into massive debt.

However: I rather have access to something than not have access to it.

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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38 Comments
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38 Comments

  1. TommyBryson
    July 24, 2021 at 12:20 pm

    I think its the wrong way to avoid somethings that very important
    * Here is how you Build a Credit Score Fas***
    link: https://www.youtube.com/watch?v=fs2uhUbs9Gg

    Second Channel: https://www.youtube.com/channel/UC5CkZdoQwz_3VxwnxXSEISA

  2. Mark Ellis
    July 24, 2021 at 12:20 pm

    Nice video Tommy, I appreciate you sharing 3 reasons why you don't need a credit score. Any opinion on digital real estate? Basically building and banking websites that generate leads for local businesses. Long story short, went thru Ippei Kanehara's program a year ago, now I've got 11 sites creating about $5,500 coming in each month. My best site is a remodel site in Dallas, brings me $1,500 by itself.

  3. Oral Campbell
    July 24, 2021 at 12:20 pm

    This video doesn’t make sense

  4. Rich Sr.
    July 24, 2021 at 12:20 pm

    Credit cards are a scam to make money off of us. Wake up people. They are going the way of cable tv.

  5. James Bond
    July 24, 2021 at 12:20 pm

    All negative items were deleted and they added lines of credit!  My score is now 827 in less than 2 weeks!" Thank you JohnnieHacksLLC .Org

    I got a mortgage loan in 2018 through Chase, and in late 2019; I experienced financial hardship and fell behind on my payments. I had months of late payments before I was introduce to this business minded credit repair specialist. I’m very grateful to JohnnieHacksLLC org for helping me clear my loans and late payments from my report. I taught it would not be possible for my credit to be fixed within the short period of time agreed on. I want to thank Miss Michelle for giving me the information and their contact last month ….

  6. kendra Marriott
    July 24, 2021 at 12:20 pm

    I was trying to get some help on a credit repair forum about how to repair my credit report and how i could get a tech expert to help me clear my credit card and personal loan debt, That was how I came across Credit patchup LLC who saved me from many years of debts and helped me boost my credit score to an excellent result of 801 , he also helped me retrieve my Stolen Bitcoins. Don't let me speak much about him! try him and let his services speak for him. contacted him on his private mail: jon@creditpatchup.com

  7. Junito Lopez
    July 24, 2021 at 12:20 pm

    You can buy a house and a car in cash. However, you are going to have a difficult time finding suitable living arrangements, and a good job without credit. In fact, I know people whom, lost apartments and state, City jobs, due to a lack of credit. Furthermore, home and car insurance require credit. Unless you are self insured

  8. Johnnie Park
    July 24, 2021 at 12:20 pm

    I feel so lucky for coming across you guys. I was in bankruptcy and glued to crushing student loan debt which I still battle in my mid 40's. Thanks to the team at JohnnieHacksLLC. 🌏Org .. I am no longer in bankruptcy & all negative marks erased and to top it off they assisted me with my student loans, which I no longer have! I can now move forward in my life and live a life free of financial hardships

  9. KelechIwuaba
    July 24, 2021 at 12:20 pm

    I accept and know all the benefits of credit but I really dont like it at all. So far I have been able to do everything like getting approved for a loan to buy a house which is the biggest thing for needing credit. Maybe eventually I will get credit for that benefit but for right now gonna just keep using cash for everything. Really I am just stubborn lol

  10. Justin Olivares
    July 24, 2021 at 12:20 pm

    Credit allows you get ahead of life like super ahead when it comes to buying a house. They will lower your monthly allowing you to invest and live happier. Same thing with your car. And if you want to do real estate get good credit put 10 grand down and get yourself a nice property in which you can have someone rent it and pay back your monthly loan payment and some for yourself. This applies almost every where else. Just buy little things like gas and pay it off. Credit goes up and you can get ahead of many people

  11. Jay Flores
    July 24, 2021 at 12:20 pm

    The clickbait title is wack and you contradict yourself 10+ times in the video.

  12. Mrs. A
    July 24, 2021 at 12:20 pm

    Yeah, confirmation of what I already thought –> credit/debt game…I plan to put HBO GO on my cc to avoid closing my longest account.

  13. beast mode
    July 24, 2021 at 12:20 pm

    anyone else’s credit score just drop for no reason

  14. Star Carrier
    July 24, 2021 at 12:20 pm

    I feel attacked. I'm trying to finance a car with a 640 credit score. You NEED good credit. I actually have 10k and have been trying to buy a car. I can't even find a place that will sell me a car and miss out on that financing money.

  15. Aimal Benawa
    July 24, 2021 at 12:20 pm

    I’ve been in the I don’t want a credit card camp. I’m about to turn 24 and I made a compromise. I got a Discovery secure credit card with a $200 limit. I don’t really want a credit card 💳 but I know I won’t get into debt with a $200 limit so this was the compromise I made with myself.

  16. Jay R
    July 24, 2021 at 12:20 pm

    It's still a risk. If you lose your job and can't pay back that MacBook you're in bigger trouble than you were before. Credit is always taking a risk.

  17. Liz Swartz
    July 24, 2021 at 12:20 pm

    Wold you might telling us what credit cards give you “cash back or points” please. Thanks. I like your videos

  18. CD Williams
    July 24, 2021 at 12:20 pm

    Guys you do need a credit score. Go try and purchase house car. Try to get a loan from a bank. Unless you have a significant amount of cash on hand w/o credit.

  19. CD Williams
    July 24, 2021 at 12:20 pm

    Guys you do need a credit score. Go try and purchase house car. Try to get a loan from a bank. Unless you have a significant amount of cash on hand w/o credit.

  20. Roman Amelin
    July 24, 2021 at 12:20 pm

    Link to your Camera Gear is not working bro.

  21. Black General
    July 24, 2021 at 12:20 pm

    Please don’t take this video serious, yes you can accumulate cars homes and more without credit but you gotta have cash for everything

  22. PureHeart
    July 24, 2021 at 12:20 pm

    Terrible. Basically a video of a guy contradicting himself and pointing out the uber obvious and then buckets of blah blah blah and repeating himself to stretch the video length. Complete waste of time

  23. Alberto Ruiz
    July 24, 2021 at 12:20 pm

    Hey tommy can you do a video on how to start a vending machine business. From what I hear it’s kinda the same concept as starting an atm business.

  24. Azael
    July 24, 2021 at 12:20 pm

    Just buy a Toyota or a Honda and they'll last forever.

  25. Jade Crypto
    July 24, 2021 at 12:20 pm

    Building a credit score is harder than I thought 🤔Why do they not teach this in school!

  26. Packmann32
    July 24, 2021 at 12:20 pm

    gracias

  27. illestAlive
    July 24, 2021 at 12:20 pm

    Your videos are actually fun to watch unlike other videos that just bore me

  28. ComplexciouSxStalker -
    July 24, 2021 at 12:20 pm

    Hey Tommy a few days back, Discover gave me a credit line increase for “being responsible Witt my account” I did what you said. Applied for Discovers secured credit card, got accepted and now I got a 2,500 credit line increase and the credit score at 712 😁

  29. L. Gomez
    July 24, 2021 at 12:20 pm

    I think Credit Score is BS, I would just pay Cash whatever the buying is going to be, is just a way to getting dumb people who cant afford something into paying more money for something.

  30. Baby Z
    July 24, 2021 at 12:20 pm

    Hey tommy can you do a video on ways to make money for teens online

  31. It's KIA
    July 24, 2021 at 12:20 pm

    This topic is very important Tommy and I'm so glad you mentioned it. If you don't have debt you will never have anything worth having in life. I'm going to share this with everyone I know, those who need to hear this will receive the message well. Thank you 😊

  32. DT
    July 24, 2021 at 12:20 pm

    Its about Debt to income ratio!

  33. KEITH JONES - Personal Finance Videos
    July 24, 2021 at 12:20 pm

    Great explanation of not getting into debt to build a credit score

  34. Donald Clark
    July 24, 2021 at 12:20 pm

    0:17
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  35. Taylor Durda
    July 24, 2021 at 12:20 pm

    I have a 720 score but have a lot of hard inquiries 😣

  36. Learn about stocks
    July 24, 2021 at 12:20 pm

    Very informative video 😉

  37. leo brig
    July 24, 2021 at 12:20 pm

    Second

  38. MASTER TUBE
    July 24, 2021 at 12:20 pm

    First