This episode discusses:
1. Why many of us may need to refinance
2. How to handle your credit score in the short time you have before you refinance
3. Tips for getting your score higher such as keeping your credit card utilization low and paying off your cards 2x per month or even more!
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Comments
4 Comments so far
Justin McHood
Andy, awesome job at getting this information out — particularly the stuff about paying off your credit cards.
Many people don’t have the slightest idea how credit scoring works — and in general, the better that they understand it, the more they can “tweak” their habits for their benefit.
PS The video is cool!
MyMoneyYourMoney.com
Hi Andy,
This is wonderful tips for those looking for car or home loan in near future. I am sure many people have no clue about this trick. Tip about paying off your credit cards is just marvelous. But how about people how pays their bill in full every month. Do you have any tips for those people. It seems I am not rewarded by paying my bills in full. Any tips for me?
Andy J
I’ll cover this more in a future session, but here’s a quick tip, pay off your cards in advance. In other words, pay off your cards 2x or even 4x per month. This keeps your credit card limit utilization lower.
Andy J
Here’s a link to my video on closing dates and due dates which should help you think about how to move your score while paying balances in full
http://www.videocreditscore.com/closing-date-and-due-dates-can-impact-your-credit-score/