HOW TO INCREASE YOUR CREDIT SCORE FAST IN 2020

So in this video, I'm going to tell you guys to step by step what I did to get this new score in one year, and how I did it.

1. What you need to Know
 Get a credit Karma accounts, it’s a fast and free way to know your credit score and track it every month.

Credit Blocks:
- (high Impact 35%) Payment History: Making sure you get no late payments and if you do get one, call your creditor and ask them to remove it on good faith. – late payments take 7 years to come off.
- (high Impact 30%) Credit Card Utilization: This means how much of credit you are using. So you wanna keep down to 10% - 20%. So if you got a $1000 credit line, pay it off in full or carry a balance of no more than 200 bucks.
- (high Impact) Derogatory Marks: Bankruptcies, Charge off, collection and stuff that literally scare the pants out of creditors.
- Age of Credit History: The earlier you start the better. I started when I was 19, but if your younger than 18 then ask your parents to open you one.
- Total Accounts or Types of Accounts: So its not just credit cards, but loans and other types of debt, this shows that you're responsible.
- Inquiries: Every time you request a credit card or a loan, you get a ding when they pull your score.

Why I told you This:
- Because if you know what makes your credit Score clicks
- Then you can easily manipulate it
- Then you start to play them and they don’t play you

Super Trick: All you have to do, is take on different types of debts and pay your credit cards in full every month. BOOm.

2. Step By Step What I did

I knew the Game So I Plated it:
- I Got my Score up to 730 ( by paying on time and in full every month)
- Then I applied to Credit Cards with 0apr for the First-year and Bonus ( and of course I got accepted every single one)
- Once I had over 10k in Credit Card money ( I took it all out with cash balance advances ( I just went to a bank and asked the teller to give me the max of my credit allowed me)
- Once I had all the money Invested it into my Side Hustle and at the time, I was big into dropshipping and phone flipping.

Planning:
- I owed around 13k total and I had to pay it off in 1 year to avoid interest
- SO 13k//52 is 250 per week in Payments
- But by flipping phones, I made 200-300 a week or more, and in two months of dropshipping I made 20k plus per month and 6k in total profits
- I was also selling on eBay, and that made me extra cash

Overall:
- I made 500-1000 every week from the money I borrowed and paid the credit card and kept the profit
- Once the year was over which is now, my score bounced back, and it's stronger now.
- But I can I tripled to 5x the money that I borrowed.

Tip: Do not do this, if you don’t know what you doing.

3. Summary:
- Get a some secured Credit Cards to Start
- Use them and pay them off every month
- Eventually, you’ll get a student loan, or car loan or a mortgage and that will help you increase it also

However: Don’t rush the game and play it safe.

Secured Credit Cards: youtube.com/watch?v=vHO5_Hd8KnI

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Disclosure & Educational Disclaimer:
Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.