Credit Scores Explained For Beginners! How To Raise Your Credit Score To Get Cheaper Loans

Your credit score is one of the most important factors when it comes to determining if you can get a loan and how much it’ll cost. In this video, I’ll be explaining how your credit score is determined and what you can do to quickly improve it!

Your score ranges from 350 to 850 and is determined by five main factors:
Credit history 35%
Amounts owed/ Utilization Ratio 30%
Length of Credit History 15%
Credit Mix 10%
New Credit 10%

Maintaining a high credit score is an incredibly important part of your financial success. Having a high credit score enables you to get loans at the best rates and terms. This can mean the difference between getting a mortgage with a low-interest rate versus being denied for a home loan.

Maintain your credit by paying your bills on time (at least the minimum payment) and by keeping a low utilization ratio. Keep your credit lines open as long as you can to build up your credit history and limit the number of new inquiries on your credit score.

Keep your score high, it’ll be worth it!

If you’re looking for a hard money loan for your next fix and flip project, then schedule a call with me to see how I can help!

0:00 Introduction
2:15 How Is Your Score Determined?
2:39 Payment History
3:36 Amounts Owed
4:48 Length of Credit History
5:24 Credit Mix
5:47 New Credit
6:30 How Do You Determine Your Score?
6:57 Conclusion

✅ ✅ Learn How To Buy Your First Out-Of-State Investment Property:

Subscribe to the Channel! ►
Listen to the Podcast! ►
Visit our Website! ►
Join our Meetup! ►
Follow on Instagram! ►

#realestateinvesting #bayareainvesting #realestateinvestor


You may also like...

12 Responses

  1. Karadeniz Aşığı says:

    couldn't have done it myself but thanks to CREDITMASTERFIX on lG, I finally got my score boosted up to 811 after all my inquiries and collections were deleted including student loans, late payments and other negative items on my credit. They’re the best I recommend.

  2. REXUS says:

    There are a few recommended steps you can take to improve your credit score that put you on the path to a good credit score. Improving your credit score is all about doing the right things over a long period of time. My colleague mentioned about how this credit repair agencies assisted him over his credit score and how they clean up DUI report and Chexsystem. I wondered if they could fix my credit profile too. I already thought i’ll need to work all my life to pay up all this debt. But at my very state now I have my very low score of 465 brought me up to 809 within every 23 days to get completed. After then My whole story changed, he did not just remove the negatives on my report only but also increased my score a bit higher up to 800 just in 23 days. I owe a lot to them and that’s why i’m here sharing the good news right here. Be safe kindly checkout at “ CREDITMASTERFIX on !G ” for a safe and clean job/service.

  3. Pubg『KilleRR』 says:

    He proved to my SPOUSE and I that He is really a savior. We explained to him about the negative items on our report, and we were asked to wait for 5 to 7 days after He took some personal info from us and finally, we got an excellent result. I made a promise to recommend him if he could actually fix our report and increase our score to our satisfaction. Therefore, I completely recommend CREDITMASTERFIX to you.

  4. Su Karabıçak says:

    What Warren just said here about CREDITMASTERFIX is all absolutely true , just last week I also enrolled into getting a better credt from Aiden and I promise you I tell you the truth when I say it all came out better than I was totally expecting , I now have my own apartment , getting a better one soon , a new car not like I ever had anyone lol , and my business is moving perfectly , I used to work around with a credt of 505 but now I have 805 all thanks to CREDITMASTERFIX.

  5. kemal doğan says:

    I now have an incredible purchasing power and working on getting my own home next week , this has been the happiest moment of my life to be honest because I really thought no one else would be able to Help me and it took me a long time before I discovered CREDITMASTERFIX, It was a friend from Atlanta that talked about him so I decided to give it a try and it came out better than I expected , Thanks so much .

  6. İlhan Örs says:

    Perfect job I can’t believe this have been to many hacker all I got from them it taking away my money until I come across CREDITMASTERFIX on graham comment section thanks mr scout of CREDIT MASTERFIX LLC for helping my life.

  7. N'ahit Ö'Lmez says:

    It’s fully guaranteed and safe and I know this because my cousin has used em to increase his and it’s been two weeks now without any sort of trouble , I’m telling you , he’s the best.

  8. Necati öncel says:

    Their company CREDIT MASTERFIX was able to help my step mom fix her credit , got rid of her 100k debt , and erased all her credit card reports , It might sound a bit illegal but trust me when I tell you they are more resourceful than any other company out there , there are a lot of people around the world facing problems of debt they never even caused in the first place , I feel this is more reason to appreciate what he does .

  9. Hüseyin Balıkyemez says:

    wake of prescribing this clasp to gain proficiency with some information about credit….

  10. Efe Bölge says:

    My fears about this new credit model are if they start implementing the Chinese model with this model. I’ve heard rumblings of them wanting to use your Internet search history and other social decisions that you make to be included like whether or not you get your vaccine. I know they want to implement more of a Chinese style social credit score system which would be horrific for freedoms in our country. They always make it seem like a good idea and try to spin it with the fluffy stuff but I have a feeling this goes much deeper than just helping out the little guy. I can almost guarantee this will grant people more control over our lives. I feel so lucky for coming across some guys. I was in bankruptcy and glued to crushing student loan debt which I still battle in my mid 40’s. Thanks to the team at CREDITMASTERFIX⏺COM .. I am no longer in bankruptcy & repo; all negative marks erased and to top it off they assisted me with my student loans, which I no longer have! I can now move forward in my life and live a life free of financial hardship.

  11. shamier bless says:

    How long do I wait to buy a sfh and get a regular mortgage after i buy a rental property with hard money this month. Do I wait the 6 months?

  12. Plunger says:

    Damn that was a good first example

Leave a Reply