You May Also Like

About the Author: Richard Money

34 Comments

  1. 📈📚 Join The Investing Academy ➤ https://bit.ly/theinvestingacademy

    Check out this Live Simulation of my Credit Score. Find out what makes your score go up and down, with real life examples. If you need to borrow money, take out a loan, apply for a mortgage.. these are the things you need to know. Enjoy.

  2. Having an excellent credit score doesn’t always get you the loan you need. My credit score is above 800, and I own my own business. Because I am a sole proprietor and do not own my home, I can’t get a loan for anything. I can get credit cards with high credit limits, but can’t get a loan.

    1. Sorry to hear that, Darren. But your point is valid. The ultimate decision from the lender does factor in other things as well, which, even though your credit score is good, will result in them not lending you money. But at least with that strong credit score, once those other conditions are rectified, you should be ok. Thanks for watching and video and leaving your comment. – Marc

    2. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  3. that was very useful! I miss a payment from time to time ( twice a year?) by accident, haven’t missed 30 days for…a long time. I will be more careful!

    1. Thanks, Robert. If you miss by a few days, you might have to pay interest, but it won’t affect your score until past 30 days. Keep it up! – Marc

    2. @Brandon Beavis Investing going to send this to my daughter. I told her to take out a personal loan to build credit score…maybe some other old guy can convince her;)

    3. If the money isn’t needed then it might not be worth getting a loan just for the sake of trying to build your credit up because of the interest you’d pay.

      When it comes to loans avoid places like Fairstone, Easy Financial and other similar companies as if they were the plague. That would also go for those so called reverse loans that companies try to sell you on to help build credit. Cost to reward would never be worth the fees they charge. <----- Maybe a video topic?

    4. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  4. I love this BMO tool, thanks for demonstrating its flexibility and practicality when considering taking actions that may affect our scores!

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  5. This is a good info video for new immigrants to build their score. Marc beat my score of 835 as I apply new credit cards to build my free aeroplan points.

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  6. Thank you so much for making this video, Marc! As someone who doesn’t have much financial literacy, these types of videos are REALLY helpful.
    I hope you & Brandon will/can do more of these types of videos.
    Thank you again for always sharing your guys’ knowledge with us 🙏
    I look forward to future videos 🥰🙇‍♂️

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  7. Loved this video! Can’t wait for more personal finance videos from you, Marc.🙂What about opening multiple bank accounts? Does that impact credit score? I know a lot of people who open accounts for the promotions where they can earn $400-$500

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  8. Question, for your inactive credit cards, wouldn’t the issuer close those accounts? Or do they remain usable indefinitely?

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  9. I have a few questions about this topic and hoping you might be able to answer. What about applying for some form of credit, getting the credit, paying said credit, but the company does not report to the credit bureau’s. Does it affect your credit differently than if they do report to the bureaus? I have a hit on my credit report showing they enquired on my credit and have paid off the purchase over 9 months but since they did not report to the bureaus has it affected my credit score negatively that there was an enquiry – does it make it look like I was rejected for that credit? Another question I have – will it affect your score negatively, positively or neutrally if you pay your full balance before the credit card company reports to the bureaus each month – in other words they are always reporting a zero balance. Should you pay that balance right after they have reported rather than before? One more question: If you carried a largish balance for a couple months or more then suddenly paid it all off at once will this impact your credit score negatively or positively. Thank you for this video – it’s nice to get this information from a reliable source.

    1. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

  10. I recommend Roy to you needing effective credit repair service and they did well fixing my report in 14days. I had all negative information deleted, tradelines added and my score got up to 800+ with no hassles.

Leave a Reply

Your email address will not be published. Required fields are marked *