Here's EXACTLY how you can increase your credit score - fast, get a perfect 800 on your report, and learn to leverage your money at the cheapest interest rates possible - Enjoy! Add me on Instagram: GPStephan
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FIRST: LEARN WHAT MAKES YOUR CREDIT SCORE:
35%: On Time Payment HIstory
30%: The Amounts Owed (Utilization)
15%: Average Age Of Accounts
10% Types Of Credit
10%: Number Of Credit Inquiries
IF YOU DON'T HAVE ENOUGH CREDIT:
Either give it more time, or allow yourself to become "An Authorized User." This term is also known as “credit piggy-backing,” because - essentially - you get all the benefits of someone else’s score, without you needing to do all the work. Not all cards will do this, however, so be careful to pick the right one.
HIGH CREDIT UTILIZATION:
Pay off your balance - for most people, this will make the biggest difference in the shortest time possible. In addition to that, opening up a new line of credit or requesting a credit limit increase could also help - because now your "amount owed" is a smaller percentage of your overall credit.
USE EXPERIAN BOOST:
Experian Boost is a free, opt-in service that links to your accounts, and then tracks on-time phone and utility payments by adding them as a positive trade-in to your Experian credit file. Doing this will give you: more positive credit history and more on-time payments to help boost up your score.
REMOVE LATE PAYMENTS:
First, pay them off as soon as possible - it's much better to have a 30 day late payment than a 60 day late payment. It's also always worth it to TRY to negotiate the terms of the debt and see if the lender can adjust your account status back to current - or, remove it as a courtesy. If all the above fails - look for any inaccuracies in the information and dispute it. 
DON'T CLOSE OLD ACCOUNTS
If you close your oldest account because “you don’t use that card anymore” - what you’re really doing is eventually ERASING your oldest trade line, and when that happens - eventually, the average length of your credit history will drop - over time, it’ll look as though you have a much newer account then you actually do, and that will lower your score. 
FINALLY:
There's no need to pay for any credit repair services, and ignore any spam comments praising someone for increasing their credit credit score. All of this is something you can do yourself, in under an hour, for free…and all of it’s fairly simple to learn. 
If you’re able to utilize these these 6 steps - a PERFECT credit score is absolutely achievable, for totally free, without paying ANY interest to the credit card companies - JUST by paying off your bill, in full, with no annual fee credit cards. That way, they never charge you interest - you never pay a credit card fee - and, you get every benefit of getting a perfect score - for $0.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan 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. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/

What's up guys, it's graham here so for the last 12 years i have studied researched and analyzed every single aspect of building your credit score to the point where, eventually, i could brag on youtube about achieving an 800, which is the threshold that many people consider to Be a perfect score, and today i'll teach you how to get this exact same achievement for totally free and probably way less time than it took me. Having a perfect credit score means that you could get the lowest interest rates anytime. You want to leverage your money in real estate, business or in life. It's how i was able to get such low interest rates that effectively it's like they're, giving me free money, not to mention i'm so confident with what i have to say in this video that i guarantee this information could be worth easily a few thousand dollars at Minimum, if you just follow along so with that said, here's exactly what you need to do right after you smash the like button for the youtube algorithm.

That's it otherwise, there's no pitch here just pass it on to somebody else. If you found it helpful that helps me out a lot, and now with that said, let's begin now. First, in order to understand how to get a perfect credit score, you have to understand how the credit scoring system works in the first place, like i said just like you've got a class that grades you differently on attendance, homework, test scores and whether or not you Hit the like button, your credit score grades, you on several different factors as well, and if you want to get a perfect score, you have to do well on all of them. The first and largest factor is based on your on-time payment history, and that makes up 35 of your score.

This means that you always pay your bills off on time, as agreed without ever being late or missing a payment, because if you do that stays on your report for seven years and it has a pretty devastating impact. But the good news is that when it comes to paying off your credit card, you only have to make the minimum payment in order to stay current and most of the time, that's only between 25 and 50. So, even in the worst case scenario, if you're not able to pay off the full balance at least make the minimum payment, so that way your account stays in good standing. The second largest impact is, what's called the amounts owed, and that makes up 30 of your score.

This is also what's known as the utilization rate, which calculates how much credit you have available to you versus how much of it you actually use now, if you're somebody who maxes out your credit cards or you use almost all of the credit, that's available to you, Your score is going to go down because you're seen as a riskier borrower when it comes to this. It's really important to clarify that it's not the dollar amount that the credit algorithms care about, but instead the percentage of the credit that you use as an example. If you have a thousand dollar credit line and you spend all one thousand dollars that counts as a utilization rate of a hundred percent and that's very bad, however, if you spend that very same thousand dollars with a ten thousand dollar credit line, then that's only a Ten percent utilization rate, which is good one of the techniques that i use to help with this, is to simply have a lot of available credit with really high limits. That way, even if i spend ten to twenty thousand dollars on a renovation, it's still only a small percentage of the overall credit that i have available.
The third. We have the average age of your credit history, and that makes up 15 of your score overall lenders like to see that the longer you've had your accounts, open for and in good standing, the more likely you are to be a good borrower. Of course, you should notice that i said this is based on your average account history and not your total history, because this makes a huge difference. For example, if you've only ever opened up one credit card four years ago, then your average credit history is going to be four years.

But if you opened up that same account four years ago, but then you got a brand new credit card today, your average account age would drop to two years, which then would impact your score. So my recommendation is to start building your credit as soon as possible, but also keeping those accounts open for as long as possible. This is going to help you build up a solid fortress of credit foundation, history, so that when you do open up a new credit line, it's not going to have as big of an impact. Then.

Fourth, we have the types of credit that you have available and that makes up another 10 of your score. This means that lenders want you to have the experience of handling multiple types of loans from several credit cards, auto loans, a mortgage and anything else. That will add on to your credit report. I know this all sounds like kind of backward thinking, but it does go along the mindset of we're only going to lend money to people who don't need it because they're going to be the people most likely to pay us back, and that is very true.

And finally, we have the remaining 10 of your score, which is calculated by the number of heart inquiries you have in your report, see any time you go and apply for a new line of credit. That's marked down in your report now generally the more marks like this that you have on your reports, the lower your score is going to be because lenders see you out there actively trying to get as much credit as possible and you're seen as a higher risk. Personally, i wouldn't worry about this too much, because it'll only impact your score temporarily and it's pretty minor so now that you know how some of this works here are some strategies that you could use to instantaneously boost up your score to the legendary 800 mark. All, of course, for free first you'll need to go and view your credit score by signing up for free at either creditkarma or creditsesamy.com, which both give you all the details of your credit history, along with your own credit scoring model, or you can get your actual Credit report for free once a year at annualcreditreport.com and by the way one small tip, but if any website ever asks you to pay to see your credit score, just click out of it because there's no sense paying for something.
That's already free the more you know anyway. Now that you have your report, you can begin reviewing it to see which items can be improved and usually it's going to be one of these first, you don't have enough credit if you're relatively new to all of this, and you barely had any time to open Up a credit card and make on-time payments then most likely your score is not high, because you haven't had enough time to build up your credit history. If that's the case i'll go over what you could do to fix this very shortly the second, maybe you got a late payment or two or three warped geez, even more. Like i mentioned.

This is something that'll stay in your report for a whopping seven years and that's a lot of bad luck in credit score time. But thankfully there are some solutions to this that i'll cover momentarily the third. You should check to see if you have any accounts and collections, and if you see this well, i'm not gon na lie. It's pretty bad.

For those not aware this is what happens when you're so late on a payment by usually more than 180 days, that the lender just gives up on you and calls the whole thing a loss. Then they sell off the debt to a third-party collections agency. Who calls you up non-stop trying to get you to fork over the money? Typically collections under a hundred dollars do not show up on the latest fico scoring method, but this is still something you're going to want to keep on top of regardless of how much money it is now. Fourth, you should check to see if you have any high balances or maxed out credit lines.

This is what happens when you borrow or charge the maximum amount that you're allowed to, and when that happens, lenders see you as a bigger risk, because why else would you have to borrow so much money and that in turn brings down your score? In addition to that, the popularity of the buy now pay later platforms are showing up on your report as well. So if you thought it was an easy work around to buy that 3 500 peloton bike for 20 a month, you might want to reconsider in fifth check to see if there are any foreclosures or bankruptcies in your credit report now this should be a pretty obvious One, but surprisingly, sometimes marks like this are left on longer than they should, or people might have misinformation or had their identity stolen without even knowing about it. But once you see exactly what's impacting your score, you'll be able to figure out the best way to improve it, and usually it's going to be one of these one. If you don't have enough credit - and you want to increase your score immediately - the biggest life hack here is to become what's called an authorized user.
This is when someone else with an extensive credit history adds you as an authorized user to their credit card and then all of a sudden, their credit history shows up with your account. This is also what's known as credit piggybacking, because you could get the benefits of someone else's score without doing all the work yourself. However, there are some catches that you have to be made aware of, because you know what they say if it sounds too good to be true, it probably is unless, of course, you're getting your free stock down below in the description when you sign up for public Using the code gram, because that could be worth all the way up to a thousand dollars - and it's definitely not too good to be true, so you better get it before the offer expires anyway. The first catch is that some credit reporting agencies are catching on to this, and because of that, the credit history is not going to transfer over to all three credit bureaus as of right now.

It appears as though capital one discover wells, fargo and bank of america. Will report past credit, history and other credit cards will only begin showing history at the time that you become an authorized user which, at that point is essentially like you just getting another credit card except in someone else's name now. The second catch here is that, because all the history is going to be transferred over to you, that also includes late payments, delinquencies and any negatives. You really need to make sure the person who's adding you is an authorized user has at least three to five years of credit experience, no late payments and everything in good standing, otherwise it just kind of defeats.

The entire purpose now keep in mind. This is not a substitute for building up your own credit, but it can help out tremendously early on. If you have someone who's willing to do this, for you, two pay down your balances so that your utilization is under 10. I would say for most people this is gon na, have the biggest impact to your score in the shortest amount of time possible.

Just remember the amount you owe known as your utilization rate makes up 30 of your score. So if you keep a high balance on a credit card, that's going to bring down your final number. In this case, though, you got two options. Number one is to pay down your balance, and once this happens, a higher score is usually reflected in 14 to 30 days.

The second, i know it sounds totally counterintuitive, but if you have an account balance, it can't pay down. Sometimes it actually helps to open up another credit card or increase your credit limit. That's because, as i mentioned earlier, your utilization is based on your total credit line, meaning if you have five thousand dollars of available credit and you spend all of it. That's a hundred percent utilization and that's bad, but if you open up a new credit line and now you have ten thousand dollars of available credit, while you spend the same five thousand dollars, that's a 50 utilization rate which is not as good, but it's not horrible.
This is why i often recommend that people open up as many no annual fee credit cards as possible to increase their total credit line, or you could ask your credit cards to increase your limit, which will decrease your overall utilization, helping out your score now. Obviously, if you have a spending problem and these higher limits got you into trouble in the first place, then do not do this under any circumstance. But if it's from a tactical standpoint - and you have the self-control not to just spend up the additional debt, increasing your credit lines or getting more credit cards may help actually improve your score in the long run. Now the third thing that you could do to increase your score is kind of new and it's called experian boost.

Now, here's the thing when calculating your credit score, a large portion of that is analyzed by the number of on-time payments, your total credit history and the types of loans that you've been given. But obviously that requires you to open up multiple credit cards and pay them all off on time. So in a new credit scoring model experian boost would aim to fix that, and most of you would be able to qualify now. None of this is sponsored, but experian boost is a completely free opt-in service that links your accounts and then tracks on-time phone and utility payments by adding them as a positive trade line on your experian credit file.

Doing this will give you more positive credit history and will add on-time payments back to your report, so for pretty much everyone looking to build up their credit and to increase their score. I would highly recommend this unless, of course, you don't pay off your bills on time, in which case don't do this, but for everyone else do it next. The fourth thing that you could do is to remove both late payments and delinquencies. From your account, remember anytime, you miss a payment or get sent off to collections.

It's absolutely going to destroy your credit score, but not all hope is lost if you have any kind of late payment just be aware that it only gets worse. The more time goes on, for example, a 90-day late payment is going to be significantly worse than a 60-day payment versus a 30-day payment and so on. So if you find yourself in this position, number one go and cut up all of your credit cards in youtube. Dave ramsey two pay off any late payments as soon as possible.

Like i said it only gets worse the longer you wait, so it's a lot better to have a 30-day late payment than a 60-day late payment. So do not put this off. Third, it's always worth it to try to negotiate the terms of your debt to bring the account back to current. This means you could reach out to the lender and, if you're having a difficult time making payments see if you could work out a payment plan, the reality is late.
Payments like this are notorious for being charged off at pennies on the dollars. So most lenders want to work with you to get something back, then nothing, the fourth, if you paid off the debt, but the late payment is still showing up on your report, you could always try calling them up to see if they'll remove it. As a courtesy. Now, to be clear, they're not obligated to do this at all, but you know the saying you could catch more flies with honey than with vinegar and asking really really nicely can sometimes go a long way to five.

If all else fails look for any inaccuracies on your report and then you could dispute it now again. You should never lie here, but if you see anything out of place and they can't prove otherwise they'll be forced to remove it from your report. So sometimes it's worth trying doing all of this should absolutely make a huge difference in your credit score in a relatively short amount of time. So all of this could help you get to a perfect score and fifth, the biggest mistake that i see all the time is that you should never close out your old accounts.

The thing is because your credit score is calculated by the average age. Your account history that often starts from the age of your very first account, but if you close, that oldest account, because you don't use it anymore, what you're really doing is erasing your oldest trade line and when that happens, eventually the average age your account history is Going to drop the rule of thumb here is that if they have no annual fee, just charge an occasional one, dollar, amazon gift card to the card every six months or so, and then just keep it active for as long as possible. Now, if the card does have an annual fee, consider downgrading the card to a free option. So that way, you keep your account history without having to pay for it.

By doing this and making sure you keep your accounts open and in good standing for as long as possible, that will help increase your score. Now. Six, this one is probably the most important point to listen to do not pay for any credit repair services and ignore all the spam comments praising someone for increasing their credit score. Most of those are scams, and every single time i try to delete them.

A million more pop up all of this is something that you could do yourself for free in under an hour, and everything is extremely simple: to learn. If you're able to utilize these six steps, a perfect credit score is absolutely achievable for totally free without paying any interest to credit card companies just by paying off your bill in full with no annual fee credit cards. It's also worth mentioning that, even though getting a perfect 800 credit score certainly comes with bragging rights from a lender's perspective, anything above a 760 will usually get you the best rates terms and the full red carpet service. So, there's really not a lot of difference from a 780 to an 800 from their perspective, but following this certainly opens up so many new opportunities to save a lot more money that wouldn't be possible.
Otherwise, and if you found this helpful, all i ask in return is to subscribe, if you're not already subscribed or share this video with someone else who needs to improve their credit score. Just tell them graham sent you to do that or i don't know just share the video. It helps out the youtube algorithm and the channel tremendously. So thank you guys so much for watching also make sure to add me on instagram and on my second channel.

The gram staffing show i post there every single day - i'm not posting here. So if you want to see a brand new video from me every single day, make sure to add yourself to that. And lastly, if you want a completely free stock, now worth all the way up to a thousand dollars, use the link down below in the description and sign up for public using the code. Graham, you may as well do that it's pretty much like free money.

Thank you guys so much for watching and until next time.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “How to get a perfect credit score for $0”
  1. Avataaar/Circle Created with python_avatars Rashana Ramsay says:

    Credit scores are just a form of control, so if you want to continue being a debt slave, it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason.

  2. Avataaar/Circle Created with python_avatars benedit71 says:

    A bank is an institution that loans money to people that can prove that they don't need the loan.

  3. Avataaar/Circle Created with python_avatars Atef Elabed says:

    These tips are for people who have a clean history and to be honest I don't think it makes that big a difference. It would be more helpful if you had some tips for people who due to circumstances, had some defaults or late payments as it's really those who need to improve their score, unless there are none and they are simply screwed from a credit score perspective 😄😄

  4. Avataaar/Circle Created with python_avatars Lucifer's Money says:

    A credit score only matters if you are a slave to consumerism. If you can live without feeding the capitalism demon, then it has no bearing on your life.

  5. Avataaar/Circle Created with python_avatars Jacob Sneed says:

    I always smash the like button before the video even starts 👌🏼👍🏼 thank you sir for always bringing excellent content

  6. Avataaar/Circle Created with python_avatars daa texans says:

    Getting close to paying off all my debts and I'm hella hyped Tbh. Hoping housing market eases by then and house i come 🤞

  7. Avataaar/Circle Created with python_avatars whitewaterdragon says:

    Not sure about others but in my experience having a credit score over 800 some people don't want to give me loans as they just can't believe it when they see my credit score is over 800 so don't stress too much about it just do your best and make sure you always talk with the people offering the loans so they see you're a real person not just a number.

  8. Avataaar/Circle Created with python_avatars Eddy says:

    Is paying off your whole debit in one month good? From $5,000 to $0 or is it better to do small amounts per month?

  9. Avataaar/Circle Created with python_avatars Loso Invest says:

    I raised my score to 770 because of you thanks to credit cards and paying them off in full each month. I was able to build my credit and get loads of free money from sign up bonuses and cash back. Truly appreciate all the free financial knowledge over the years man.

  10. Avataaar/Circle Created with python_avatars Brother Augustine says:

    Gamer Hack: Have your parents add your name to the card they pay off every month, and when you apply for a loan decades later you already have a perfect score.

  11. Avataaar/Circle Created with python_avatars MKEN says:

    this was more a what to not do rather than a what to do like the previous videos about Creditcards.

  12. Avataaar/Circle Created with python_avatars Michael Leahy says:

    I have to advise that most free credit scores are not the FICO scores; paying for it may be worthwhile ahead of a hard pull for a mortgage

  13. Avataaar/Circle Created with python_avatars Bro&Bro TV says:

    If you’re reading this Jesus Christ loves you unconditionally and He will never leave you 💛❤️💛❤️💛❤️💛 i

  14. Avataaar/Circle Created with python_avatars SuperDave Student Rentals says:

    Great information Graham! Having a high credit score is super important and great especially when starting to invest! Thank you!!

  15. Avataaar/Circle Created with python_avatars Rashida Vaughan says:

    I've never seen someone on youtube give such credible realistic advice. I can vouch for everything He's saying. I did my own research/investigation and this was my exact conclusion. I did it and my score went from 485 to 781…. and counting! Wish I had seen this sooner

  16. Avataaar/Circle Created with python_avatars Jeremy Acheampong says:

    I’m 20 years old. Just got a credit last month and It’s been going well. I watched alot of your videos before starting so thank you!

  17. Avataaar/Circle Created with python_avatars Elizabeth S. says:

    Loved the kitties in the "collection agency." That was cute and thanks for mentioning the bit about scam comments. Of course, I smashed the like button. Great video as always.

  18. Avataaar/Circle Created with python_avatars Mark Mirzoyan says:

    Hey Graham, I have been watching you for 3-4 years now, the amount of value I have gained is immeasurable, thank you, much love

  19. Avataaar/Circle Created with python_avatars Mathias Lerche says:

    Hey Graham, do you know if these rules of thumb are also valid in european countries?

  20. Avataaar/Circle Created with python_avatars staceyleigh7818 says:

    WAIT!….When you get a new credit card, your score drops! You should have mentioned that!

  21. Avataaar/Circle Created with python_avatars Jewish Business Advice says:

    This is amazing
    I really need this because I wanna buy my first rental property at 21

  22. Avataaar/Circle Created with python_avatars Jose Sebastian Cuevas says:

    Sir can you do a video on moving from California to Nevada and how you can save plus how much you have saved

  23. Avataaar/Circle Created with python_avatars DeeSplash says:

    I’m just watching this just cuz lol. Pretty sure u have very similar vids to this but it’s okay, I like ur content 🙃

  24. Avataaar/Circle Created with python_avatars Cheng Teoh says:

    Do you have a tip to help those people whose request for credit limit increases are denied and that don't want to sign up for more credit cards?

  25. Avataaar/Circle Created with python_avatars Dame says:

    I actually have an awesome idea to help gen z kids manage there credit cards! I'm about to start working it very very soon.

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