Increase Your Credit Score With Leaving A Balance | Why You Should Pay Off Charge-offs
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We all want a high credit score and we probably all believe paying it off in full will increase your credit score. In this video I’m going to show you that leaving a balance can actually increase your credit score. I’m also going to talk about why leaving a balance is still not a great idea.
I always hear paying your charge off is a bad idea well its not a bad idea if it can actually help out your credit score to get higher. In the video we talk about that too.
Increase your credit score with leaving a balance and why you should pay your charge-offs is a real thing to level up your credit score.
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0:00 intro
0:59 social media to join
1:55 why you should pay your charge-offs
5:00 charge-offs effects your utilization
6:06 paying debts are a good investment
6:56 why leaving a small balance can be good for your score
9:35 run experiments with a balance
10:12 why you should pay off balance
11:26 outro/ contest
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how to dispute a balance on your credit report
GEMS!! RESPECT!!
Like that advice about handling/paying your collection accounts. That's good advice. Financial institutions do not want to lend to anyone who has delinquent outstanding debt
U are absolutely correct. I pay my balance off every month before the reporting date and have 0% utilization across the board. One month I left a small balance of 1% and my score went up 1 pt. When I paid the balance off and my statement reported 0% utilization my score dropped 16 pts.
That’s not good advice! Keeping a balance is not a good thing! Sorry my Man but this is wrong! It comes down to utilization. What I do….keep 10% utilization and pay off card in full on statement date only! I Never pay interest with 800 plus scores.
Always get it in writing..Don't trust anyone..sad u have to do that
Yooo Level up I work A lot but when I get free time I be trying to play catch up cause u the real deal. I reported 0 balance twice last 2 months this happen to me -18 point for Experian & -10 for Transunion & like -12 for Equifax! Experian always be doing the most tho lol. This month definitely leaving a small balance. The credit bureau’s want you to be in debt. SMH!
Check to see if it’s outside of the statue of limitations (Varies from state to state); if it’s outside of the statue limitation’s they can’t sue you.
This worked for me 20+ pt increase across the 3. Thank you brutha
Thanks great content
You should never cancel your credit cards just keep that good history/ aged credit in play
Appreciate the information, although I do believe you forgot to mention and or go into detail as far as when you do leave a balance when should that balance be paid before the statement closes or how long after payment is do. Would like to know that if possible. Thanks
love you page it inspirer's me to keep on my cards sometimes I get burn out, can't wait to have everything paid off lol
Hey My man! Big follow of the Channel and wanting to follow in foot steps did you have like 5 minutes to email or DM me?
Congrats on 10k bro I been following since before you had 1k proud of you!
I looove a man that’s out here getting it! Kudos my brother, keep moving and shaking in this world
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Hey bro that's to get a high credit score hack on your statement bill and your credit score will shoot up every month it works I was in the low 600 now I'm in the upper 700 because of that hack good content is always thank you bru..