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the bank hands you your first credit card here’s how to use it properly whenever you shop you start using your credit card so you can build a strong credit score this is the number banks will look at if you want to borrow money for a house or a car one day not to keep your score high you keep your balance low you avoid spending more than 30% of your available credit and you also pay off your full balance each month to avoid interest and late fees and my advice put small recurring purchases on your card set up autopay and follow for more tips
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Credit cards are safer for fraud protection.
Can I have a credit score without a credit card ?
How much is 30 percent
Another great tip is to avoid banks and instead build relationships with credit unions 👍
how to use a credit card card cut it upand throw in the garbage
You have a lot to learn Gohar.
You should be telling people:
1. Stop buying things you can't afford
2. Setting on autopay is a terrible idea…it detaches the spender from the money even further than CC's do on their own and it's the accumulation of such small reoccurring payments (just like the companies you listed, that are slowly bleeding people dry and encourage people to buy shit they don't need.
3. you are shutting down your you tube channel bc you have no idea what you're talking about and rather than lead people astray you decided your skills are better served digging ditches
30:18 Fair. That wasn't that many years ago for me, 19 M, and the stuff one of my female friends got into…yeah, good decision.
Banks dont look at your credit score, they look at your affordability based on many other factors.
It's also a good way to stay in debt.
You can spend more then %30 if you invest that credit into things that will make you more money to help pay off that balance also you can use your rewards cash back to pay off a big percentage of your owed balance ⚖️ but start using that rewards money to pay off the smaller transactions leave the big transactions last and make sure to pay them off fully in one payment then boom your rich in a few years
Why Would I Need a Car Loan If We Can Pay Cash For A Car Who Cares About The IRS Form 8300
People dont use credit cards for the money they use it for the credit.
If I only use it for Snacks, Food, and a fitness thing. Would that build good credit?
So true. The problem is parents don’t know how to spend or make money or manage their finances.
Granted it’s also not easy managing a family, but also then why did you decide to have them? I think jobs just should increase pay and offer more flexibility and more opportunities to work. If not people leave & find new strategies that will work.
That’s the wrong way to use a credit card. 💳.
1: make an account on Experian and Boost your account.
2: Max out your two beginner or 2 bigger cards 💳 and make monthly payments $25 more than the payments amounts, 22 months later 800 credit score 🎉🎉🎉😊👍👍💳📊
Whats the point of using credit if you’re going to pay it right away?
❤
This made so much sense compaired to other ways of being explained to me. I’m a 20 year old with no credit trying to build some so thank you!
Help i wwtched this then i scrolled down to see a @marktilbilly (soz if i spelled wrong) video with the exact same points… Who copied who? Or this js basic info-
Lending companies also has several types of Settlements as a means of products that can be loaned, reflected and applied in the books, other than money that quickly depreciates from INFLATION, the law of supply and demand applies, TRIAL BALANCED/BALANCE SHEETS.***
Also u need a good job to borrow money or loan a car since the bank needs to know if u can keep up with the payments he didn’t mention that part
50+32+13+41+53+18+49=256
What do they mean spend less than 30% of your available credit?
Guidance please 😊
i made out of cardbored
You said to keep my balance low but also avoid spending more than 30%? Doesn’t make any sense to me. How is my balance supposed to get low if I’m not spending it??
The voices tell me to eat it
Nice😊
But isn’t a debit card just better?