How to Increase & Maintain Your Credit Scores

🔮 Today we're talking about how to increase and maintain your credit scores and you can access the resources from the video at https://how-to-increase--maintain-your-credit-scores.onepager.app/c/329596443101758036 for free! We'll go over a checklist and worksheet for you to boost your scores, know how to handle your credit cards and other factors on your credit report, and little things that you can do to get your credit scores up! ✨ Check out all 3 credit reports and scores with the same credit monitoring I show in my videos and use for my clients with IdentityIQ: ✨ https://member.identityiq.com/help-you-to-save-money.aspx?offercode=431134PT 🧙‍♀️ GET HELP WITH YOUR CREDIT JOURNEY DIY awesome free tools, tutorials and downloads - https://vault.my740.com 🦸‍♀️ DFY credit sweep service free consultation 🦸‍♀️ https://my740.com Let's jump on a call and see if I can help! ⭐️ Video notes What's up tonight we're talking about how to increase and maintain your credit scores. And I do have a simple checklist that you can follow to get that boost that you need. Very first thing for you to do is pause this video and use the link in the description to access both the worksheet that I'm going to give you, as well as this checklist. Alright, so the first thing that you want to do a smash like, subscribe if you haven't done so. And hey, guess what, I have a little bar right here at the top in pink, you can click on this button to book a free consultation with me free credit sweep to see if it would be a good fit to boost your credit scores and remove your negative items. Alright, so let's get started. Why is credit and why is this so important? Well, why are we starting with this, if you don't understand this part, you're not going to be able to boost your scores. So quite simply, the higher your score, the easier it will be for you to qualify for larger amounts of credit at lower interest rates, right? Do the math, let's say that you need to borrow $200,000 to buy the home of your dreams. If you qualify for a home loan at a 4% interest rate to pay it off over you know the standard 30 year period, you'll end up paying about $143,000 in interest. If your credit score is lower in the best interest rate you can get as 5%, you're going to end up paying $186,000 in interest about $43,000 more. Now, here's the deal. Yes, I gave you a checklist. But I have a ton of notes on this. So if you want a more in depth approach to this, you can use the other link that's going to be with this or I'll just create another page on this checklist. And you'll be able to read further about how to increase your credit scores and maintain them right. So step number one, you need to manage your payment history, pay everything on or before the due date if you can. Now for revolving credit payments, establish a reliable calendar or some sort of reminder system that you can count on. And never skip a payment. I will repeat that again, never skip a payment using an automatic payment system for loans with fixed payments. Now, pausing here real quick Yes, I said this is a checklist, you can actually save your progress. And you can go and you can check these off. And with the other one, you will be able to go over here add your ideas on increasing your scores and maintaining them. And I want for you to use this. So please make sure that you actually use this okay? So here's the deal. Let's go and go through all of these. If you're short in a given month, you need to borrow, okay, if you can only afford to pay, I don't know, one out of two bills, pull your money and pay just one of them. All right. Now, when I mentioned that I had a bunch of notes that I wanted to go over, I'm literally talking about a bunch of notes. So I'm going to post some of these separately, okay. You want to take stock of your revolving credit and consider a balance transfer. Now another major thing that you need to consider is credit history link. Now pausing there again, you may be wondering, well, what does this have to do with increasing scores? Isn't this just about maintaining it? No, it's not because there's certain things that you can do immediately to increase your credit scores. But these things don't happen overnight. And so many people get this wrong. Now the length of your credit history accounts for the next biggest piece of your FICO score. So the longer you've held an account in good standing, the better that is for your credit score, right. So to the CRA is new accounts imply that you need credit, that lowers your credit rating over the short term for 12 months from the time that you open a new account right, as well as the average age of your credit card account. So keep existing credit account open. Okay.