and we are live ladies and gentlemen waiting for everybody to get into the room once everybody starts to show up let's get it everyone tell me where at where you're from we got some major major news to talk about today about changes that are going to happen on credit scores so major changes are happening on credit scores that everyone needs to learn about we're going to talk about those today so let's get some people in the room let's fill it up make sure you hit that like that like button is huge for us make sure you hit that like button once you get into the room make sure that you also tell us where you're from where you're coming in from we want to know who all is in the room thank you for your support now we got some major major changes that are coming on March 17th of 2025 the first major change that's going to take place with credit reporting and credit scores hit that like button whoever's in there whoever's in the room thank you for coming in here make sure that you tag people make sure you share this so everyone can learn about these massive changes that are going to happen here in 2025 what up Florida Florida in the house Maryland in the house the ATL Georgia love Georgia love going to the ATL so tell me where you at where you from we got some major major news to talk about today I'm gon drop some gems I'm also going to do um a uh a Q&A at the end of this live to answer some questions so we'll try to cover everything in the first half and then we're going to talk about any q&as any questions you may have about credit repair credit scores all that we'll cover all of that we got Texas Houston Texas Bay Area California rich Richmond Michigan Randolph and California New Jersey what up everybody Texas in the house Maryland shy toown we got Mary North Carolina Birmingham Alabama appreciate everybody Texas best credit Channel on YouTube yo I appreciate that showing the love if y'all don't know I'm Mike the credit guy you can find me on YouTube Tik Tok Instagram Facebook we are now live on Facebook and on YouTube currently right now make sure that you share this to your friends out there so everyone can join join this live that we're going to be doing here Pennsylvania Nebraska Detroit Berkeley Virginia and Gerald C Mayo Denver Raleigh North Carolina I'm in North Carolina in case everybody doesn't know that Miami Florida there we go ladies and gentlemen I was born and raised in East LA but now I reside on the west I mean the East Coast all the way across the world it feels like every time I gotta go back to California it's a long flight it's really not it's like three hours but uh five hours depends if there's a layover but yeah we got some major announcement huge news three massive credit score changes effective March 17th is when the first one goes into play so we got three big topics that we need to talk about everybody Delaware n y in the house make sure y'all hit that little like button I only see a little bit of likes y'all gotta hit that like button man y'all want me to drop this sauce on y'all okay so we're gonna we're gonna start at number three everybody ready to talk in here let's let's go ahead and get it cracking we're going to talk about this kind of weird because I'm standing I got this new standing desk which is pretty awesome but it's kind of weird standing here instead of sitting down talking like I usually do in my videos but um Let's Get to cracking everybody so there's going to be three massive changes that are going to happen with credit reporting now the first one we're going to talk about numers three so let's get into number three real quick we'll put this up on the screen oh that's not number three let's see where number three is at let's remove that one oh that is that's weird there we go so the cfpb F finalizes rule to remove medical bills from credit reports this is a real real huge one so now this happened on January 7th as you could see but it does not go into into effect until March 17th because they have 60 days to make this rule go live this is huge for anybody out there that has medical collections on their credit reports now what we're going to see is these these collections medical collections should be deleted from your credit report which means people can see on average anywhere from 30 to 60 point increases on their credit reports from these being removed from your um credit reports now um that's the great news that's the great news but I have to tell you all the news the bad news is going to be potentially that now if it gets removed from your credit report does not mean you do not owe it anymore remember there's a statute of limitations it can only report on your credit report for seven years they can only attempt to collect on it based on your state specific statute of limitations so the statute limitations in North Carolina is uh three years so they have three years that they can sue you if the debt is still active they can still sue you I want to be I want everyone to be aware of that a lot of people will say ah they don't have the right to collect it because of HIPPA you signed away your rights for them to sell it to another collection company okay if it's a third party or a regular in-house collection they can collect on it but understand something if they remove all of this debt from credit reports that means that they may have motivation to sue more because they have no more leverage because you have to understand this is $49 billion worth of medical debt on credit reports let me repeat that everyone 49 billion dollar in medical debt on credit reports is affecting over 15 million Americans that's crazy that's huge so 15 million Americans out there are going to feel relief on on their credit reports and credit scores they are not allowed to report this after March 17th now here's another caveat because I'm gonna tell you all the truth the cfpb is currently closed okay it has been paused all actions have been paused if you watch my YouTube channel I'm talking about all the cases that have been dismissed because everyone needs to know what's going on I'm going to tell you the truth this case has not been dismissed this rule has not been dismissed as of yet you need to dispute any medical collections on your credit reports if you have them I'm G to drop a very very simple letter in the comment section for anybody that has any type of medical collections okay this is a very simple letter it doesn't have to be crazy drop it in the comment section for anybody that needs it send this to the credit reporting agencies that are reporting that negative item on your credit report let's be very clear ladies and gentlemen okay just copy and paste this enter your information as you need to see fit because you can dispute it right now and the reason why I say this is because a clock may be ticking on anybody that has this the rule has passed let's be very very clear on that it passed during the Biden Administration but now we're in the Trump Administration and everything has been paused cases that have already been paused have already been dismissed so one or two things is going to happen either the Trump Administration is going to allow this to to continue and the rule will finalize or they will just dismiss the entire thing those are the two things that may happen I want to be very clear on that for everyone to hear this okay because we don't know what's going to happen until it happens but the writing is on the wall that cases have already been dismissed a $2 billion lawsuit against Capital One was dismissed by the appointed CFB director which is Russell V and there's another one coming in I believe now like we're on the third cfpb director again it is closed no employees are allowed in they are taking calls you can submit complaints into their system but they are not taking any actions they only it's very important let me break this down as fast as I can because I don't want to talk about this forever but the CFB is a complaint Agency for consumers if you have an issue with your credit reports if you have an issue with a company if you have an issue with any type of consumer um business issue you submit the complaint to the cfpb now they act like the middleman now the reason why these turn into big cases is because they have millions of consumers that come forward and file complaints against a company for whatever reason and then the CB goes and investigates and finds out and then they file a lawsuit that's how it happens the CFB controls no process in the credit reporting process you cannot dispute with the CFB if you were to send them a dispute letter all they're going to do is act like the middleman and they'll send it to the party that you're disputing with like let's say for instance the Creditor or uh one of the credit reporting agencies experient efact TransUnion or the debt collector and then they're going to wait for whatever their response is going to be but the the most important part if you ever do that is it's documented directly with the cfpb that is helpful but it does not mean that an item is going to be deleted because you sent it through the cfpb remember the CFB is a complaint agency it is not a disputing platform it is not a creditor reporting platform they have no control they cannot delete anything from your credit report so a lot of people are a little bit confused as to what the CB does so I want to give everybody Clarity this is a huge deal everybody it's a huge deal okay um so this is huge huge news for over 15 million Americans that's really insane I mean the amount of debt is insane think about that $49 billion doll worth of debt on credit reports now what I want you to do is on March 18th I want you to pull your credit reports now you can go look at them for free on annualcreditreport.com and see if those medical collections are on there if they are still on there dispute them dispute them dispute them dispute them okay unless the case gets dismissed and I will let everyone know everywhere if the case gets dismissed but as of right now it's not so now what you want to do is um you can monitor your credit also this is very important to understand monitor your credit so you know what exactly is happening so let's say for instance if something changes on your credit report and I'm not talking about Credit Karma so don't for everybody out there don't you dare say Credit Karma because if y'all know any better I hate Credit Karma okay Credit Karma is the worst their their reporting is inaccurate their scoring is inacurate everything about it is just crazy so I do not promote them for this exact reason but understand you need to monitor your credit to see exactly where it's going now I have something right here that you can monitor your credit for 14 days for free okay and um this is with aura they will let you know within less than five minutes if something is going on with your credit reports if your name or any of your information is on the dark web if any of these thir second secondary credit reporting agencies have your information if data Brokers have your information you can block them using Aura I've been using Aura for close to four years now it's pretty crazy um so I want you to pay attention and monitor your information like do not trust anybody it's very important to understand that because this is a huge deal and you want to make sure that you know exactly what's on your credit reports but remember you can get your full credit reports for free at annual creditreports.com for once a week okay once a week you can get your credit reports for free all right let's be really clear on that so I'm going to drop the link right there for the 14-day trial if anybody needs it you want it and I think it's like $9.99 per person per month after the trial and then it's like close to $30 for your entire family so if you have kids if you have children protect your children and your family's information it's very very important what up Washington DC out there so this is huge huge relief so that is number three let's move on to number two ladies and Gentlemen let's talk about the second biggest thing that's going to change on credit reports now the biggest thing that's coming up next is going to be FHA and Fa announces updates for implementation of Enterprise credit score requirements to stop using the trimerge but a buy merge now what does that mean if you're trying to purchase a home they're going to they're to do what's normally called a TR merge they pull all three credit reports but moving forward and this is going to happen more towards the end of um the fourth quarter of the year is when they're expecting this change to happen so what they're going to do is they're only going to pull a buy merge so it could be just Transunion and Equifax or or Experian and Equifax are only going to pull two but here's the big catch instead of pulling a FICO score they're going to be pulling a vantage for 4.0 which is a a little bit more advanced Vantage credit score only for mortgage lending so if you want to purchase a house okay this is exactly what you want to use no I do not like credit Verio it's a scam it's the worst it's the worst out there credit versio I'll talk about dispute Beast later on but we have dispute beast that's way more powerful than Credit versio Credit versio only kicks out template letters it's it's and then they sell it to other creators and the creators are charging you more for the same exact product it's pretty wild but anyways so um it's important to understand that it's only going to be used in the mortgage lending sector and it's going to be Fanny May and Freddy Mack that are going to be using this this is a huge announcement because it can potentially mean that a lot more people are going to be able to qualify for a home using this new scoring model okay it's very very important to understand that this is going to be towards the end of the fourth quarter either in the beginning or the end of the fourth quarter of 2025 get your credit scores ready if you're trying to purchase a home but I'm G tell me personally this is one of the worst markets to purchase a home so I say focus on your credit score get your credit score as high as you possibly can do not and I repeat do not let these lenders trick you and tell you ah man you know all we need is a 580 um and we can get you into anything you know and later on you can refinance um if you take a 6% interest and then you try to refinance it later what bank is going to want to refinance that okay there there's no bank that's going to be able to refinance that again we're being honest here I want you to understand don't fall for the Trap of getting a house in this market the houses are too expensive and then on top of that you're looking at a high monthly payment on top of that you're looking at high taxes taxes are increasing and high insurance rates for homeowners are increasing I had to shop around and get different insurance for for my home um for whatever reason the insurance company dropped our homeowners they're like hey we're going to be canceling your homeowners because of a provision inside of your home loan I was like okay so I just went with Geico they made it super super simple for me they and I bundled everything together and I wound up saving even more money so um this Market is really really crapped out it's really a big trap we're seeing right now in Washington Texas in Florida that people are defaulting on their homes at the highest level and a lot of people are trying to sell their homes because what's happening let's say for instance you bought a home and your house your your total mortgage payment with your escro um taxes and insurance is $3,500 a month then you wake up and you get a notice in the mail from your insurance comp sorry your your um loan provider saying that your mortgage is going up to 40 $500 this is happening to a lot of people because in Florida the insurance rates are going up the taxes are going up same thing in Washington Texas so people are trying to offload these houses okay um so it's important important for everyone to know okay uh let's see what we got here let me see what you got someone trying to slide in here all right here we go I'm about to I'm about to block you so I'm going try to slide in here and sell people stuff man like what is wrong with y'all man is that y'all think I'm not going to notice or something but anyways so remember this is only for Fanny May and Freddy Mack this is very very important to understand whenever you see massive changes like these to scoring models you need to understand that it doesn't necessarily mean that everyone is going to adapt to it because in order for a credit scoring system to work all the other l ERS must adapt to it this is why they're only using it currently right now with Freddy May and um and Fanny with Fanny May and Freddy Mack they want other mortgage lending companies to pick it up also but it's up to them to pick it up if they don't pick it up and use it then it's not going to be widely used you're going to still have options of other types of lending out there that are traditional conventional lending or other types of um lending products out there that are going to be completely different it is still going to be an option a lot of people don't know that and understand that an example people are talking about 10 FICO 10 FICO 10 it's going to destroy people's credit scores well the truth is the credit card companies have to adapt it and then the car companies have to adapt it and so do the mortgage lenders if they don't use it it doesn't matter they can continue to create more credit scores but if the lenders don't adapt to it and use it it doesn't matter okay so let's be really clear on that I want everyone to understand how the credit reporting credit scoring process works when they create a new credit score so don't let anybody fear-monger you into thinking oh my God what am I going to do like no stay calm if it's being adapted and it's being used more widely I will let you know the FICO scores are currently being used right now are FICO 8 and FICO 9 for some places FICO 9 those are for credit cards so remember for credit cards FICO 8 and FICO 9 for for auto loans FICO 8 and FICO 9 also and for mortgage lending FICO 2 four and five depends on the on the lender that you're going to actually pull from that's exactly what they're doing okay so um man these these trolls in here trying to like scam you guys this is crazy so yeah so remember it's very important to understand what credit score you're looking at when you want to apply for a car when you want to apply for a credit card or you want to apply for a home for personal loans they usually pull FICO 8 okay every lending institution is different for example Navy Federal only pulls from TransUnion Capital One pulls from all three uh American Express only pulls from Experian sometimes I've heard that they also pull from Equifax in certain regions certain reg regions are different so be aware of that okay go block this person over here it's pretty crazy so yeah that's what's going on with that now our final piece this is the craziest one ladies and gentlemen I hope everybody's prepared for this one um but before we get into this one let's talk about dispute beast real quick okay now dispute Beast is the most advanced AI credit repair software ever created that is um if I can get this thing to pop up on the screen right then we can do it pretty wild so let's get it to pop up on the screen dispute Beast AI technology is designed and done in America now I own dispute Beast it's the most advanced AI credit repair software ever created now dispute Beast now officially comes with a 110% money back guarant guarantee Yes you heard me right it's a 110% money back guarantee if it doesn't increase your credit score then we'll pay you it's the only software out there that does that you can attack any negative item on your credit report okay any negative item on your credit report it's so simple that a child could do it and I'm not just saying that okay ladies and gentlemen literally you sign up you upload your documents and then you click button okay you click literally one button and then dispute Beast will do the rest of the work for you you can either print and mail your letters or you can have dispute Beast mail them for you it's also in English and in Spanish so everybody I put the link in I put the link in the comment section for anybody that needs a dispute beast but a lot of people always ask the question well does it work well let's give a special shout out right now to kennet kennett's credit score went up 282 points after just one round with dispute beast but we don't stop there we're g to keep going let's give a shout out to Destiny Destiny's credit score went up 264 points after one round with dispute Beast uh I think she was done look at her scores uh because she hasn't she hasn't come back to do her next round now let's not stop there let's go to the next one Arthur Arthur's credit score went up 670 points after just two two rounds with dispute piece which is pretty crazy now when I say the total number let's go over it 227 points on TransUnion 225 points on Experian and 218 points on Equifax let's not stop there we got more results we got Jen over here Jen's credit score went up 225 points after just one round with dispute Beast okay now you don't have to do anything with the letters you get back from the credit reporting agencies what they say does does not hold any water does not mean anything all you got to do is click the the next attack button click the button let it generate it'll refresh your credit reports it'll generate your letters and off they go and you're done you don't have to respond to those letters no need to because everything is designed to be done for you so it will actually attack using metro to compliance reporting attacks it will also use consumer law and it will actually use factual disputing so it uses three different tactics to attack but it will also name the lawsuits that are going on right now and will also tell them don't send me no dumb stall tactic letter because they possibly will they love to send that okay look at we got G Anthony White his credit score went up 50 points almost 50 points but we don't want to stop there let's put up a wall of people with credit score increases this is a wall of people with credit score increases the you can see each one of them has one round or two rounds complet these are the most recent because I know people want to see the most recent looking at 20 28 points 89 points 25 points 37 points 80 83 points 68 116 five 22 68 you see everyone is different everyone's going to be different when you're going through this program so understand you don't have to do anything you just sit back click a button do whatever else you want in your life and then come back in 35 days the clock will start ticking and it will let you know when your next round is due and that's it you're done link is going to be pinned in the video description and it's going to be in the comments for anyone that needs dispute bees it's pretty wild right so yeah so let's get to our last and final piece which is going to be the craziest one of all AI is going to be used to score credit scores they're going to start pushing this into the fourth quarter of the year towards the end of the year this is huge ladies and gentlemen did y'all hear me they're going to start using AI to score you properly to get more of a predictive information from you now put it up on the screen so you can see what they're going to be looking at let's expand on this so AI models can ingest and analyze thousands of alternative data points not found in traditional credit reports this includes data from sources such as this is the crazy part this is the crazy part now remember you can attack inquiries you can attack any negative item and you can also attack inquiries bankruptcies child support collections charge offs any negative item you can attack it using the speeds but let's look at this list this is crazy they're going to be looking at your bank account transactions and cash flow data that's crazy did you did y'all just hear me what I just said bank account transactions and cash flow data they want to see what that cash flow looks like that's huge yo drop drop drop a little gem in in the comments out there if you think this is crazy drop a little gem I need y I need y'all to interact with me here need y'all to hit the little the little like button too man I'm giving y'all so much so much information here so much information I appreciate everyone that's here at the live y'all got to hit that like button drop some gems in the comment section let's go ladies and gentlemen need everybody to wake up out there okay so that's huge bank account transactions and cash flow utility and Telecom payment records which I think should have already happened a long time ago it means your gas your light your water your cell phone all those things should be accounted for towards your credit okay it's very very important to understand all these should be included now the biggest one here rental payment history rental pay why are we not doing this already why are we not reporting rents already you pay rent if you pay it on time it should help you it's just that simple okay yeah I'm getting busy Mo you ain't lying you ain't lying you ain't lying yo this is this is crazy okay rental payment history is going to count on your credit reports it's been a contentious thing with the credit reporting agencies that people do not understand they've been fighting against this because to the credit reporting agencies it's like it's not it's not an extension of credit but bro if I got to pay rent every month why are you not counting it on my credit report that makes no sense to me because if I don't pay on time what happens I get a late fee right it's the same thing with credit yes they are not extending you credit but it should be predictability to tell them exactly how of a good person you are with credit if you pay your rent on time okay now there are companies if you want to start reporting your rents there are companies that do report rent for you the one that I like the most is called boom report okay or boom pay they give them different they give them people call them different things but it's boom report boom report is very very impactful to anybody's credit profile let me explain to you why now it's going to report the 12 current months moving forward forward but then it's also going to report the previous 24 months if you were there previously for 24 months so you can add over 36 months of ontime payments instantaneously into your credit report that's huge boom report link is in the comment section if you need it but this crazy people don't understand how valuable this is for rental rental payments now the next one educational and occupational data well what does that mean that means where you went to school and where you work yes and how long you've worked there how long you've been in school how much money you making they want to know all of that Georgia what up that's crazy right they're going to be looking at your educational and occupational data where you work where you went to school because a lot of people want to say that oh they don't they don't care about that uh yeah they do they want to know your education level they want to know how much you know about credit next one public records like property ownership and Court judgments what's interesting here is Court judgments don't show up on credit reports anymore but apparently they might bring them back they want to know if you have any property ownerships anywhere else which makes sense now here's the other one that's pretty crazy psychometric data from quizzes and gamified interactions they want to know what kind of games you played and how you scored on them that's crazy okay now here's the even crazier one the final one social media activity and online Behavior okay yo that's crazy if you're out there trolling they're going to know if you're out there making nasty comments they like yo this person may not be here all the all the way like that's crazy if you think about it they're goingon be clocking your movement on social media Free Speech ain't gonna be free was it was it free anyways I mean but anyways yo that is crappy schools equal crappy credit no no no remember all of these factors are going to be put into it doesn't matter about the school I think they're just looking at your Le your education level I mean that's just my assumption I could be wrong okay um but that's really crazy to think about that quizzes and gamified interactions social media activity and online Behavior they want to know where you're shopping what you're looking at what are your interests that's what they want to know all of this data is insane if you think about it this is why I tell people all the time Jay do that free speech is gonna cost some folks yo you ain't lying you are not lying you want to be free go be free bro but that credit score may not look so great this almost sounds like a social credit score listen to that I'm not I'm not one of those people with tin full hats but when I go over this information I'm like yo that's like a social credit score kind of like other countries are already using just saying okay that look at he already said it he said this is shaping up to be just like the China social monitoring system yeah yeah all of that for a credit score this is exactly what the AI is going to be looking at because a lot of people do not understand that banks are already using AI to make decisions on lending so if you want to apply for a credit card you want to apply for a mortgage loan you want to apply for a a car loan they are already using AI to approve you now they're just taking it up a step higher imagine that so yeah this is huge news ladies and gentlemen okay yo Freeman sup Mike thanks for helping me get my FICO over 800 yo shout out to Freeman every everyone give a free man over here a round of applause that's huge man he's over he's over 800 okay he's over 800 we should celebrate each other's wins we don't do that enough in America Man Too Much diving into my personal information crazy yeah it is crazy so this is what I want everyone to prepare for start working on your credit get your credit scores up now anybody that has medical debt okay everyone listen up anyone that has medical debt remember check your credit scores on on March 18th because this goes into effect March 17th if the law continues to P to continue to move forward it's crazy man and if you have medical debt and it's still not pass the statute of Li limitations I'm going to drop these two links in to the comment section free charity care okay is dollar.org it is a nonprofit this cost you zero dollar okay dollar four will see if they can erase your debt completely off of uh the money that you owe to whatever hospital it is or whatever or they'll try to reduce it as much as possible now the second link is for Health Care reformed okay patient advocacy there's different programs that they can try to help you with if you can't get the debt completely wiped away okay but understand do not ignore it because I'm going to say it again if they cannot have it on your credit reports they lose the leverage and they are going to start suing people even more across the United States all these medical collection companies these hospitals These doctor offices what other option they got so remember just because it comes off your credit report does not mean that you do not owe the hospital bill or the medical collection understand that on your Bo on your birthday Mo I hear you have been expecting these changes for some time now so now remember now what what did happen during the Biden Administration one of the only good things he did I'm gonna repeat that again only one of the good things he did was he removed medical collections that were less than $500 off of credit reports but anything above 500 could report also any paid medical collections are not allowed to report on your credit report so remember hear me out ladies and gentlemen paid medical collections cannot report credit report and anything less than 500 is not supposed to report this happened before um the Biden Administration left during their term so um we're just waiting for the rule to take full effect which is 60 days from when it was announced so remember let's put it up on the screen again here January 7th is when it was announced 60 days from that date that's when it will kick in so I hope everyone enjoyed the live let's drop some questions in the comments and everything over here so we could talk about anything you guys want to talk about this is your time I'm going to give you guys a room ask your questions credit repair credit cards credit scores whatever you want to talk about this is your time you you have the room now this is your chance to ask me what you want I mean it's really crazy if you think about this social credit score right people are saying we'll never be like China it's pretty crazy oh you're welcome you're you're welcome AV so yeah drop some questions in the in the chat if you guys have any questions if you have any questions let me know ladies and Gentlemen let's keep it pushing what did you miss so we talked about um medical debt is going to be removed from credit reports right here um on March 17th let's put our little ticker right here where's he at where's he at where's my little my little guy over here all right March 17th is when all medical collections cannot report on your credit report any longer that's how long it is okay um I paid them $1,500 who who you um who' you pay $1,500 AV uh if I can get my credit limit decreased can I get it raised up after paying debt uh so tell tell me real quick AV what do you what are you referring to I'm trying to go down down here so it says if I get my credit limit decreased can I get it raised after paying the debt now is it charged off if it's charged off paying it does not fix your credit reports if it's just that um they decrease your limit it's still open you should be fine just keep working use your card paid off use your card paid off that will get you back in good in good the good graces now how can you get Capital One to increase this is a great question let's let's put this up on the screen right here let me get this off off the thing over here all right how do you get Capital One to increase your credit your credit limit is what I'm guessing you're saying so you need to use the credit card and then pay it off use it and pay it off never carry a balance with Capital One you need to do this consistently for a minimum of 91 days I would highly recommend you do it for six to eight months and then after you do that you can go into the app and then you can request a credit limit increase there's no hard inquiry inside of the Capital One app there's no hard inquiry to ask for a credit limit with American Express Capital One Chase Bank um the Apple credit card uh I'm trying to think who else who else I know I'm leaving somebody else out yeah the majority of them do not give you a hard inquiry to request a credit limit increase I have videos on that on my YouTube channel James on how to get a credit limit increase with Capital One if you want to dive a little bit more into it but it's very simple use your credit card paid off you don't have to use a significant amount but understand depends on what you're trying to accomplish this is a huge huge um tip that I'm about to drop here everybody everybody pay attention this is what we call cycling a credit card now anybody that says that that this will get you in trouble it does not it does not use your credit card so let's say hypothetically your credit limit is $500 push it to the 500 and then pay it off push it to the 500 and then pay it off responsibly remember that just use it for your everyday spending and then pay it off just that simple don't buy anything you don't need or or you can't afford that's the big one don't buy anything you can't afford we don't want you in debt and then pay it off the the more times that you can cycle that limit and not carry a balance then Capital One will will determine how much money they can actually let you borrow they'll raise that credit limit even higher if you're not using very much of the money that they're giving you then there's no motivation to increase that credit limit I hope that makes sense for everybody okay all right here we go this has nothing to do with medical stuff all right so we got our guy here we answered his question let me see there was somebody else all right what is the page for reporting utility bills um so I don't have anything to report utility bills it's supposed to kick into effect into the final fourth quarter of the year so they're going to do that um I don't recommend reporting utility bills because a lot of the utility reporting companies are very um uh unreliable and it's not a true credit product so some of the credit reporting agencies may not report it completely I want to keep my sa card but my limit is low it's a great great question so listen to this ladies and gentlemen I want to keep my Savor card but my limit is low get them to get them to raise it just like what I just said use a credit card paid off use your credit card paid off it's really just as simple and then go into the app and requ request a credit limit increase there's no hard inquiry oh this is a great one this is a really good one so hey Mike I'm a member of the speed be and I call to just pay for a deletion of First premere Bank and they're telling me Oh we can't and don't delete factual information this is a fact regular lenders and creditors original creditors and lenders do not delete in exchange for payment that only works with collection companies the original creditor has no want or need to delete the information because they want it to stay there so they're not lying to you there's only two um creditors that will delete in exchange for payment that's American Express and Chase and they are very particular you got to really like press the issue to get them to agree to it because they don't like doing it anymore they used to do it more before covid and they did it a lot during covid but now they're like nah bro we ain't doing it no more because they see it as valuable information they don't want to keep that they don't want to remove that data so keep attacking fam remember everybody there's no such thing as an easy item to delete from your credit reports nobody's ever going to tell you that because they're gonna say ah man charge off is easy to delete bro what you talking about a collection is easy to delete man hard inquiries are easy to delete no no because it's it's information that's valuable to the credit reporting agencies remember the credit reporting agencies do not make money from selling you credit reports and credit scores no no Capital One Chase Bank bank of America all these credit card companies all these Banks pay them to report that information on your credit reports they have to pay to report so you understand what I'm saying here and you have to understand something it took you six months for an item to turn into a charge off it's not going to be so easy to delete there's no such thing as an easy item to delete anybody that says that is trying to scam you that's why you've never heard me say it's so easy to delete here's the letter because that's not how it works everybody okay all right what if an attorney has my file from Chase Bank and I'm making payments this is a tough one okay um there are attorney collection companies out there they're Shady some of them are legit some of them are shady uh you've made an agreement with them if you're making payments so um you can resend the agreement but if they don't agree to delete it I mean you're going to have to make a decision that's up to you this is not legal advice or financial advice because I'm not an attorney understand that but I've seen a lot of situations like this where people do not understand that it's a collection company that is a slimy attorney and uh they try to intimidate you but again remember depends on how much you owe and you still can be potentially sued because when you make a payment you're refreshing that negative information every time you make a payment they're not going to tell you that but that's exactly what happens so even if you pay it in full if it's still in your credit report it says charge off for collection it's still hurting your credit they must delete the account or remove the status of charge offer collection which they normally don't do so I missed an attack and I started with round two and I still good yeah it doesn't matter where you go so this is a great thing it doesn't matter where you're at in the rounds dispute be AI technology is going to look at your credit reports and analyze that information now whatever it used it's it knows that it didn't work so it's not going to use it again if that makes sense because the AI technology is paying attention to all of that that's what's different about the spe bees compared to all these other systems this is real AI technology now other companies like credit versal they're only using a template based letter system they never update their letters they're just using the same letters over and over and over and over again it's a problem it's a very big problem for people okay all right all right so I've Garden my Capital One card for longer than six months and it's still bucketed oh well it may take longer are you using a credit card and are you paying it off in full that's the really important question here yeah this is a this is a great thing so I was using dispute beats but I only went one round this is very important to understand you have to go a minimum of four to six rounds you ain't go you're not everybody's G to be lucky to get one and duns I'm GNA be honest with you those are what I call unicorns out there but it does happen a lot with dispute Beast because the AI Technology Center is creating those custom letters every single time but you have to understand that this ain't going to be an easy path for anyone it's not easy to delete negative items from a credit report and I understand there's money issues there but listen before you even get into credit rep get your finances in line start creating a budget work on your finances to get everything in line because it doesn't matter if you fix your credit if your finances are not in line ladies and gentlemen because you can fix your credit and still put yourself back in the same position and you're going to come right back to the speed and spend more money anytime that we did credit repair in the past I told people are you having any Financial issues right now and they're like no no why would you say that your credit report is telling me otherwise you've got a lot of a lot of late payments a lot of charge offs that happened recently that tells me that you have a financial strain on your life so why are you looking at credit repair when you should be looking at your finances first and get your get your house in order we need to get our house in order all these changes are going to happen your house must be in order you have to hold yourself accountable to another level that everybody else won't hold you and understand that if you don't fix this with your finances nothing else is going to matter you can't have good credit and have bad finances it just you have to have good credit and good finances and they have to meet together this just how it has to happen but I want to be really clear you don't have to be rich to have a good credit score you just have to manage your finances properly I was with a graphic designer today and he says you know I love what I do I don't I don't make the best the the most money but at 23 years old I bought my bought my own house I'm responsible I made some really responsible decisions he said I had a charger it was a nice car but it was a gas guzzler the payment was high insurance was high gas was high so I sold that car he's like I made exactly what I paid for it I bought a a nice regular daily driver I think he said a Toyota or something for like 10,000 and I put that other 10,000 in the bank and then I kept saving up until I got enough money to have for a big deposit for my home he's like and now my my house is worth like three times of what I paid for it I'm almost done paying it and I'm in my early 30s I was like that's a great story see what he did there he got his finances in line he knew that something was out in this car he's like yo this car just doesn't make sense sometimes you got to make those decisions sell the car get rid of it and and literally like cut your cut your lifestyle down a lot of people don't want to do that but I'm just telling you it's possible so I have five bad accounts aging off my credit in the next six months should I bother disputing should I wait that's up to you fam that's up to you how if if you want to wait but um it's 7 years from your the first date of delinquency which is the last month that led up to your um account being charged off so the last late payment that you got how do you remove a charge off dispute Beast I'm not going to go into like the whole how do you remove a charge off like I hold on hold on let me let me check my pocket real quick it's not in there it's not in there the magic trick is not in there today because there is no magic trick you have to dispute you have to dispute the items and how they're reporting look at all the inaccuracies and point them all out and attack it if you don't want do all that dispute Beast we'll do it all for you it's very simple I know people think it's crazy but it's really not because the AI technology does it all for you from Amarillo what up I'm opting out of the credit bureaus okay uh I mean you could do whatever you want listen this is a great this a this is actually really good I want you to think about it like this you should either have a good credit score or don't have a credit score at all just that simple I'm probably going to be the only people to say only person to ever tell you that you should have a really good credit score or don't have a credit score at all reevaluate everything in your life stop messing with credit get your finances in line just that simple and you know what's crazy let me tell you a little secret you don't need a credit score to buy a house if you literally go all the way down to zero on your credit score because you have no credit then you can look at different Alternatives but here's the big butts you have to to have a massive down payment that that down payment is the motivation for the bank to give you give you that loan based on your employment how much money you make how much money you got in the bank account it's like you got to flex your money on the bank in order to get them to motivate to be motivated to to do that but interest rates are higher they're riskier loans down payments are much higher that's the truth that people don't tell you about it's very rare if the interest rates are low in those types of loans because there's no predictability there's no information there all right so Freeman should I pay off my pledge loans no pay off at least 80 to 90% of the Pledge loan and put the remaining 10 to 20% on auto payment for any of your pledge loans okay all right correct I love this let's put this up on the screen right here I love this Matthew frisbee change the behavior not the not just the credit report this right here is the comment of the day right there change the behavior not just the credit report your financial habits and behaviors must change if you want to be successful with credit I can Flex credit cards on you all day let's look at my wallet like we're just stacked right there these right here now hold on I got another one I got another one hold on hold on and these right here I mean I've got credit cards but I had to work really hard to get to where I'm at this doesn't happen overnight I changed all my behaviors became more responsible understood what I needed what I wanted and how I was going to get there and now I travel for free I enjoy life I can get anything I want my insurance rates are absolutely low like I don't have to put deposits on anything like it's I changed my behavior here and I focused on my credit report what was on it so understand this is that's that's a huge deal I love that comment it's a great comment change the behavior not just the credit report um this is a great question right here this is going to go longer than an hour watch The Lexington Law settlement cpb should should give up on receiving my reissu check no um they are actually they actually have what's called um I think it's a receiver the person that's in charge of the case doesn't actually work for the cfpb so call the CFB phone number on the cfpb website and then there'll be an option to choose to speak to somebody about the Lexington Law lawsuit to get your money so reach out to them there could be some issues there but don't give up on it because the money's already been put into the fund now they just got to distribute it that's just that's just it but it's still there this has no nothing to do with the CFB because it's already been settled and done and the money is in the fund I hope that helps you Nicole thank you oh that this is great right here so I only have one medical collection on my credit report it is only 125 shouldn't it have already come off yes this is a violation right here this right here should have been off your credit report because it's less than $500 type up a very simple letter to the credit reporting agency and say this is a medical collection less than $500 it's not supposed to report it is banned from credit reports delete it from my credit report immediately just that simple send it to the credit reporting agencies that are reporting that they should delete it from your credit report it's very simple we don't have to we don't have to literally like list any case law or any crazy jargon you're not an attorney just be like a human that's it and then you do that and you'll see the difference no we don't offer any family discounts unfortunately disp is already like really cheap man I'm not trying to be rude when I say that what do you do if a charge off credit cards are calculated into your credit utilization they are not they are not calculated into your into your credit utilization a Charged off accounts now it may be like delayed on the reporting but charged off credit cards do not go into your utilization they go into your debt to income ratio that's where they do go and the reason why I know this is because I work with lenders and they tell people all the time like yo you need to pay off this debt because your debt to income ratio is high because of this this this bad debt that's why they want you to pay it but they're not going to tell you if you pay and they don't delete it it's still hurting your credit they'll get you approved for the house with a crappy interest rate get the loan done and then you're kind of screwed for 7 years from the moment you pay you pay it but um yeah once you print the letter I sign it correct yes you can sign your letter that's correct are those racks of shoes yes they are I have a wall of of sneakers over there all right what happens if the Creditor says he will report to the credit agencies that you agree to a settlement payout versus a full settlement no you want them to delete it from your credit reports you do not want them to update it that it's a settlement payout or or a full settlement that does not help your credit score in any way shape or form it must be deleted if it does if it's not deleted you're just wasting your money and I'm not I'm not telling anybody don't pay your debts but understand if you pay them and they just Market paid in full or paid for for partial money owed then guess what they could sell that remaining debt to another debt collector come back and put it back on your credit report if they do delete it also be aware of that but it has to be deleted completely from your credit report a paid collection or charge off even if it's marked paid or settled it's still hurting a credit report I have have an okay report 612 credit but only seven accounts I need more accounts or trade lines three late payments um dispute Beast is is the Beast or the best I think he meant to say dispute Beast is the best I appreciate it um those late payments are hurting your credit score that's why you're you're um at a 612 you need to attack those late payments remember everybody you want to dispute late payments three to four rounds never ever send a Goodwill letter asking them for forgiveness to reverse it because you're basically admitting you want to dispute it first three or four rounds of disputes if it doesn't work by the fourth round then you send a Goodwill letter asking them for forgiveness to reverse it to the direct creditor you can go to CEO email.com go to CEO email.com you type up a very simple letter tell them about your situation of listen I went through a financial hardship I'm trying to get approved for a home with my family can you please help me reverse the these late payments because they're really hurting me I'm just I'm just a hardworking American and I just need your help get the CEO's email and email it to them email them the letter the the actual forgiveness letter only after you've disputed it okay adding more trade lines to your credit profile does not help your credit score everyone listen adding more trade lines to your credit report does not increase your credit score unless it's an age trade line with more than 5 years years of credit history two years will work also but five years is much more powerful five years and over a $55,000 credit limit if you have 10 years and a $10,000 credit limit it's gonna it's gonna speak volumes for your credit profile but also understand every time you add a new line of credit to your credit profile you're reducing your average age of credit people that have two to five accounts on their credit reports have been shown to have higher credit scores 800 to 850 because they have a very limited amount of accounts on their credit profile they may only have like one to one to three credit cards and then an auto loan and a paid auto loan and then and then a mortgage or some of them don't even have mortgages on their credit reports but their credit score is high because those credit accounts age with more age comes more points you're squeezing out every point out of every category there are only five categories of credit that help your credit score that's utilization the balance is credit reports payment history age of credit new accounts does anybody know the last one I'll leave it in the comment section see if somebody knows the last one okay so yeah should I wait for a closed account to become a charge off you don't want anything to turn into a charge off if you have the opportunity to to pay it off don't let it turn into a charge off I don't want this to be an option of like I'm just not going to pay because I just don't feel like it if you have the ability to pay and get it out of collections then pay it only if they're going to delete it or get it caught up so you can start to reestablish that okay why would a closed account become a charge off you didn't pay it if you don't pay it if there's a remaining balance they'll turn into a charge off that's the only reason why it turns into a charge off yo listen to this I love this this is great man we got to give Sterling Hall his his flowers here password Mike went from a 520 to a 720 in a year watching you bro listen I love you man thank you so much this is this is so awesome man everyone give a round of applause for Sterling here man because that's a huge huge feat man he went up over 200 points in a year that's huge man congratulate yourself discipling you're changing your habits this is exactly what it's all about everybody congratulations brother that is amazing I owed 800 on my 500 Bank of America credit card pay it off man don't don't sit here and play these games about should I pay it off if it's not charged off paid off okay it's paid off oh I appreciate it Freeman appreciate it appreciate it Mike is a literal wealth of information yeah I mean I'm like a walking Encyclopedia of credit information it's kind of wild my wife is like it's crazy I just know all this stuff yeah it's what it is man um so yeah any medical collections or medical bills less than $500 cannot report on your credit report they're not they're not supposed to be on there so Todd Stratton um they have haven't made your personal information correct it's up to them it's up to them if that address came from somewhere and it's attached to something like a collection or a charge off or something like that or an old account they may not want to remove it because of that so just because you say you want it removed doesn't mean they're going to remove it just keep it in 100 with you a lot of people don't get that um is it true if your debt well this is a good question if your debt is it true if your debt was sold you can have it deleted to due to they are not the original creditor no that's not true absolutely not true any any any debt can be sold to a third party or another lender based on your agreement that you signed almost I would say 99.9% of these agreements clearly stated it you signed for it it says that it can be sold to a third party so no that's not that's not a reason for it to be deleted that's an amateur on social media no has no idea what they're talking about just trying to get you to sign up for the credit repair services that's definitely not it U I was at an 820 super upset now it's hard to get back up to that number um what depends on what you're doing your spending habits are affecting you did you get collections or charge offs on your credit report um if it's just your utilization all you got to do is pay off your credit cards and over time your score will climb back up and your score May increase past that if you can get your your all of your debt down credit mix that's right credit mix was the last one good job Marcus I love it oh my god let's put this one up on the screen right here this is great Nathan I used dispute beast and my score went up from 680 to 725 I highly recommend man using dispute Beast I love it man I love hearing these stories he touched my soul man y'all don't know all this hard work that we put into dispute Beast is paid off everyone remember dispute Beast is the only software that now offers a 110% money back guarantee I stand on it I trust it I know it I see it all the time I know how dispute Beast Works let's just let's just put this up on the screen right here Nathan Nathan Evans I mean that's that's just absolutely phenomenal okay absolutely phenomenal that his credit score went up that much that's a big deal that's a big deal give me one second I'mma put this up on the screen let's show some more results because um Nathan was so so generous to show us this let's show a wall of receipts just from today I pulled these results right before the live because I like to come with receipts these are all to these are all the most recent look it ry's credit score went up 208 points Courtney score went up 89 points Eugene 25 pH 37 Arthur 83 uh Gary 68 thiaga 116 Lise 73 Carmelo five Shantel 22 Brenda 68 Samantha 28 Martin 91 Brent 93 this is really crazy you see this ladies and gentlemen Eddie 60 points Arthur his credit score went up 670 points that's insane 200 points on trans 227 points on TransUnion 224 on experion and 218 on Equifax that is wild so yeah I just want you guys to see this that I'm one of the very few actual creators out there that brings receipts I will show you results all day long I believe in dispute Beast I'm so happy that we did this and we we can help people for a lower cost fourth round and I'm up 285 points let's let's put this guy right right here Todd Todd Todd my guy Todd Stratton fourth round and he's up 285 points I love it when they when people come to the live and then tell people so they can show them like that's amazing to me that's absolutely amazing so thank you Todd for believing in it keep working hard man that's so I tell everybody you got to believe that's all you got to do you got to believe and work hard keep doing it and the time will come man here we go here's here's another one y this is wild I love this I'm glad I stayed on longer I use dispute Beast 30 days 99 plus points 99 plus points okay it's absolutely amazing let me see here we go here we go let's see what else we got here but yeah this is Auto World man thank you so much for coming here telling us thank you so much everybody you guys are absolutely amazing let me see it's about damn time what's about damn time bro that mic goes live I guess I know it's been a while right I apologize I apologize everybody it has been a while since I came to a live I've been busy man I make so much content it's crazy ah this is a tough one right here man 550 to 720 in five months yo that's crazy will look at that 550 to 720 in five months that's amazing man I give you give yourself your flowers man yo oh this is wild we got to put this up on the screen I love how everybody's coming to the comments and talking about this four days until fourth attack 356 points already yo that's crazy that is that is absolutely amazing everybody give a round of applause to D Wallace right here man because this is a huge deal man y'all don't understand how how big this is man everyone needs to celebrate each other's wins and understand how important it is to celebrate each other man don't be afraid to comment tell us your story you know everyone's everyone's going to be different but I love the fact that people are coming up and staying this and go on on dispute be's um Google site leave a review man if you're having a great experience I greatly appreciate this helps people understand and know that this is real all of our reviews are 100% real we have 4.9 on Google pretty awesome thank you so much D Wallace for telling people that I appreciate it Mike no no I'm real we talk all the time on YouTube that's it's so true so true uh I love this Todd I love this when couples decide that they're going to make changes together this is huge it's been lifechanging the wife and I both use use the Beast can't recommend it enough you know a lot of people a lot of people hated on me because I left the credit repair industry they didn't understand what I was doing I already saw what was happening in the industry I didn't want to be associated with all these other credit repair companies I had to set myself apart from everybody we worked really hard to create dispute Beast dispute bees is built in America by an entire Latino Dev Dev team I'm so proud to say that and then I'm a Latino so it makes me feel even better you know it's minority owned we're out here M changing people's lives man because we've been through the struggle we know I didn't I didn't come from a bad credit era I came from a non-education of credit era where my family didn't teach me anything about credit we didn't talk about credit we didn't talk about finan we talk about money we didn't talk about anything we just had to as Latinos we get out there we work we work hard and we pay our bills on time that's all we knew what to do you know um dispute Beast attacks anything dispute Beast will attack any negative item on your credit report everyone's results are going to vary I'm always going to tell you that because everyone's different every remember this this is the Golden Rule to understand there are no two credit files alike so when people say well how long is it going to take I don't know like you just got to get to work man four to six rounds is going to be traditional to see exactly where you're at depending on how many negative items you got some of y'all got super doodoo credit out there y'all got like eight plus charge offs and you want Jesus to show up and delete them in one month like nah fam it's gonna take some time put in the work four to six months is traditional you're gonna have to go farther than that sometimes some people can go 12 months some people need 9 12 rounds some people need 16 20 rounds it depends on your credit Pro file it's just that simple got to get to work one two three Beast I love it I love it got a Navy Federal pledge loan for 10,000 and I paid 90% of it back what credit card do you suggest me to go for for Navy Federal this is a great great question I love this now I have all I got three Navy Federal accounts um credit cards sorry let me see which ones I got I can't remember I'll be honest with you be honest so I have two of them right here I have the flagship this is a 35 or $40,000 credit card I don't remember then I have the cash rewards and then I have the Platinum I don't think it's in this wallet maybe it's not in his wall oh yeah there it is there it is there it is and I have the Platinum this was my first one this is like the entry level okay always say go after an entry level credit card with Navy Federal first and then you can go after the flagship use your credit card paid off in full every single month with Navy Federal and they'll just send you an email to let you know that you qualify for the next the next credit card the one they would recommend to you based on your credit profile but yeah um I would recommend going with an entry level uh I don't I'm not a fan of cash back cards I got the cash rewards because I don't really have one and I wanted to go into the ecosystem to see what it's like see what I can use it for see how the cash back truly works it's a decent card it's not nothing crazy but it gets the job done see so I'm stuck at 7:15 um let your credit age we call it the gardening stage you don't apply for any credit stop applying for credit if you're applying for credit keep your utilization very low 0 to 6% is the target goal people want to argue oh no you gotta leave a balance I'm not paying anybody any interest I'm not paying anybody any interest okay and I have an over 800 credit score so that's up to you how you feel comfortable but I tell everybody zero should be the target goal 0 6% is going to get you the most points possible one to six% will truly get you the most points but we don't promote carrying balances here we want we want you to be zero in debt okay I think Apple Federal Credit Union has changed its uh requirements to join uh we blew that one up I'm not going to lie ladies and gentlemen we had a lot of people flood Apple Federal Credit Union those videos went very viral as they like to call it and so um they changed they changed how you can join so I'm hoping that they change it and I'm gonna update that video on YouTube so everyone stay tuned even if it's bad news I'll tell you the truth as I always do okay do you have to use all those credit cards to keep them active yes yes you have to keep your credit cards active now some credit card companies like the really bad ones they don't care because you're paying them a monthly fee but the good credit card companies want to have activity all you got to do is go into a gas station buy yourself a water or a soda or a bag of chips or something a snack um use it to put and um things on auto payment that also helps so you always keep it active um but you want to keep your cards active at all times if you don't the credit card company will potentially close it because if you're not using the money they would rather give it to somebody that's going to use the money um a lot of people don't like that but that's just how the cookie crumbles uh ladies and gentlemen that's it's up to the credit card company so I'm at 20% utilization that's the problem that is the problem ladies and gentlemen you are stuck at a 715 because your utilization is too high remember always stay below 9% but the target goal is zero to 6% always so once you get that down your score will go back up so now what happens a lot of times ladies and gentlemen is people will carry balances for far too long and then their credit score tanks and all of those points that you should have been accumulating because you're of the age of credit once you pay off your credit cards you'll see your credit score shoot even farther than there where it was before so that's a a really helpful tip to understand to give you motivation as you pay down your credit card balances your score will rise everybody okay's a there's a scammer in the comments already bro like this crazy oh it's my chat bot never mind it's my chatbot my bad my Bo my boy Gizmo don't drink any water bro you you might multiply you're right you're right I was just thinking I need to drink some water I'm getting thirsty over here there we go 0 6% There You Go Auto World there you go rip the Band-Aid bro and 300 limits looks like trash on a credit profile yo you I'm I'm My Own spammer apparently uh something I commented or something or someone commented a key word it made it it made it say something pretty wild you're in the fourth round with Navy Federal Navy Federal is a nightmare to deal with just so you know okay Navy Federal does not play they don't back down it's one of the very few Credit Unions that understands Metro 2 credit reporting so they don't play you're in for a battle I'm just going to tell you right now if you got if you got to battle it out with Navy Federal you you're gonna have a serious battle with you uh G Anthony White let's talk about credit card limits okay you want to stay away from the bad credit cards and I'm talking about the first premieres the credit ones open Skies I know I'm missing a bunch of them okay but if you have to pay to use that credit card unless it's a 100% secured credit card from Capital One or Discover Bank those are the only two that will give you secure card unless it's a massive Credit Union that will give you your balance back and then unsecure the credit card and give you a regular credit card anything below a $1,500 credit limit does not look good on your credit profile it tells a story now people will say and argue oh it's a stepping stone Mike no it's not you don't need that credit card you don't need that crappy credit card let's say it again everybody you don't need crappy credit cards even if you have bad credit let me explain why get with a credit union stop banking with Bank of America Chase bank Wells Fargo they're all trash get with the credit union the bigger the credit union the more members the more members the more ability they have to lend out higher limits this is why Navy Federal has high limit credit cards because they have more members they're one of the largest credit unions in the world which is pretty wild open up a checking in savings everyone write this down pay attention this is a huge gem this is going to be my last gem then I got to go I got to go eat dinner hang out with the fam drop some videos this is the final gem get what a Credit Union open up a checking and a savings put as much money as you can into your savings don't touch it okay they want to see your commitment the more money your savings the more you don't touch it the more your internal credit score grows with Navy Federal you have an internal credit score with every single Credit Union then you want to put money in your checking also be very very financially aware with your money when you get to a credit union then you want to do a direct deposit then you want to do a secured loan this is also called a pledge loan every Credit Union is different you want to do it for a minimum of 24 months okay you could do it for longer if you got the money every single secured loan is going to be different it could be 250 500 a th000 every every requirement is different per Credit Unit so just call the credit unit and ask them you're going to do the you're going to do the secured loan let's say hypothetically for $500 you're going to give them 500 like would you like us to put this on auto payment no don't put it on auto payment don't need that right now you're going to make all of the payments on time on your own until it hits your credit report once it hits your credit report you're going to call the credit union you say hey I would love to pay off 80 to 90% of my secured loan you pay it off that money comes right back to you because it's your money to a secured loan and then you put the remaining 10 to 20% on auto payment for the remainer of the 24mth loan auto payment this is going to increase your chances of being approved for any credit card with a credit union it's going to raise your internal credit score because you're being responsible with your money you got direct deposit you got checking account you got savings you got some money in your savings now you did your secured loan you paid off a lot of it so it looks good on your credit report and looks good to the credit union do this for six to eight months at minimum if you already have a high credit score you could do 91 days and you will get approved for a credit card or a credit product but the longer you do this the better the terms you will get for a loan the better rates the better credit cards you will get as an offer the longer you do this six to eight months at minimum is my recommendation for anyone okay self is trash don't do it they're charging you to save your money now the bank will charge like a minimal like I think it's like 1% or 1.5% on some secured loans some of them they don't do it but selfish trash because they're charge you a monthly fee on top of that and then they're taking all this money on the back end to do the same thing you could do with the credit union for free well it's a small small minimal fee but remember because you're paying off 80 to 90% of the loan so fast you've slashed all the interest right out of it and now you only have a small percentage left excuse me so you're you're honestly paying less for that secured loan so we're doing two things we're helping our credit Pro profile we sorry three things we're helping our credit profile profile we're helping our relationship with the credit union and then we're reducing the interest fees which are very minimal for secure loan but we're still doing that so this is how you get to the high limit credit cards the personal loans the auto loans the mortgage loans all of that you need to build and establish a relationship with a credit union first before you go after the Big Kahuna the big cake okay now you do not want to cancel the credit cards okay any crappy credit cards you're going to have to make a big boy decision big woman decision whatever um you want to make the decision on your own as to if you're going to close it but understand the longer it stays on your credit report when you close it the more negative impact it's going to have when you close it because you're going to close it it's going to have a negative impact drop your credit score and then you're going to reduce your average age of credit remember the longer you keep it on your credit report the more it's going to hurt your score will start to rebound after about six to nine months some people may take longer depends on the credit profile everyone's going to be different okay all right and um so that's that's it let me see what else we got here so you get that you get the money back with the pledge loan as you pay it back down they'll put it back into your savings account I think it goes into your savings I believe it does I did it it's such a long time ago when I did it I think it was like eight years ago but um when you pay it off that money comes back to you as you pay it every every payment you make it comes right back to you that's the best part about it um salal I have a $500 credit Lim with Navy Federal for a year now you didn't do anything I just talked about most slly build and establish a relationship it doesn't matter if you have bad credit or good credit if you're not building and establishing the relationship with the credit union they're not going to give you anything you have to establish a relationship I cannot stress it enough to you you have to do all the right things I have three Credit One cards still open zero balances they charge me 825 a month so annoying yeah that's the game that's how they're getting you they're they're playing these games with you they're they're charging you more than what you're even spending they're making money off of you credit one is the biggest scam of all scams they're actually owned by a debt collecting company ain't that crazy so they can charge you off and then sell to their own company then go collect on it yeah I bet everybody didn't know that one stay away from Credit One listen I just want to tell everyone thank you I appreciate everyone coming to the live make sure that you rewatch this share with your friends go subscribe to my YouTube channel I'll see you guys here on Facebook also if you guys are out there thank you so much I love everybody you guys have been absolutely amazing y'all have a wonderful night and I'll talk to you guys later