How to build your PERFECT credit score!
Perfect credit score is an important part of our daily financial life.
This video is your ultimate guide for:
1/ What is a credit score and why is it so important in our every day's life
2/ What makes up your credit score
35 % Payment history
30% Credit utilization
15% Length of Credit history
10% Enquiries
10% Credit diversification
3/ Tips to improve and boost up your credit score FAST
Any new or potential lender needs to confirm your creditworthiness before approving your for a new credit. They need to see if you are responsible with your finances in general over longer period of time, if you are meeting all your financial obligations with different types of credit tools. They are getting all this information from your report card, so called credit score.
New or existing lenders rely on your credit score and ultimately decide if you get a mortgage, new car loan or a new credit card.
Treat your credit score with same importance as your emergency fund.
Thank you for watching, if you find value in this content, don't forget to subscribe and share this channel to your friends:)
Norbert
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DISCLAIMER:
Information contained in this video cannot and does not contain personal finance advice. The personal finance information is provided for general information, educational and entertainment purposes only and is not substitute for professional advice. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of personal finance advice. The use or reliance of any information contained on this channel is solely at your own risk.
The information provided on this channel is always provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the channel. Under no circumstances shall we have any liability to you for any loss or damage of any kind incurred as a result of the use of the video or reliance on any information provided on the channel.