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How to Get an 800+ Credit Score for $0!
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Credit scores are highly relevant for anyone who wants to take out a loan to buy a car, expand their business, invest in real estate, or otherwise borrow money. The reason is because your credit score can heavily impact the interest rate that you get. The higher the interest rate, the more expensive the debt will be for you over time.
In this video, tax expert explains the importance of having a great credit score. He also provides step-by-step guidance for how to bring your credit score to 800+ for $0. Having a credit score over 800 can be extremely beneficial for securing lower interest rates. The lower the interest rate, the better.
Considering the fact that real estate investing provides some of the greatest tax benefits of any tax strategy out there, it is crucial for real estate investors to know how to improve their credit scores. This is because real estate investors often have to take out massive mortgage loans when they buy properties.
CHAPTERS:
0:00 Intro
0:16 Step #1: Do Not Miss Any Payments
1:29 Step #2: Use Only a Small Portion of Your Available Credit
2:34 Step #3: Optimize Your Credit History Length
4:01 Step #4: Optimize Your Credit Mix
5:13 Step #5: New Credit
6:33 Why Your Credit Score Matters So Much
8:20 Subscriber Question!
9:35 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#creditscore #creditscoreimprovement #creditscoretips
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