ESTABLISHING GOOD CREDIT HABITS

Starting RIGHT NOW, there are some things you need to start paying more attention to. 

1.Stop buying things you don’t need to impress people you don’t like. Let's face it. You don't need to always have the latest model car or the newest designer shoes.

2.Pay your bills on time (no more 30 day lates.) Often times you can call a creditor and ask for a hardship extension should you encounter a hard time in your life but do not mess your credit report up for the next 8 years because of one hardship in your life now. 

3.Ensure you are checking your credit reports often. Sign up for notifications so that you receive an update by email or push notification informing you of any changes as they happen in real time. 

As I’m writing this chapter I’m thinking about how many people over the years have said that they are interested in having an 800 credit score and being part of the 800 club. So what did I go out and do? Well, I decided to ask as many people as I can find and do a quick survey. I asked a lot of people and narrowed down to six amazing tips that I want to share with you guys. 

First thing that you need to understand about an 800 credit score is that anything over a 780 credit score is considered excellent credit. That being said your interest rates, chances of approval, and overall Credit look Is relatively the same whether you have a 780 credit score or 850 credit score. I would consider anything over 800 credit score to be “completely bragging rights” 

And of those six amazing tips I’m gonna start with the absolute most important in my opinion first . 

1. Never ever get a late payment on any account. ( always, always make payments on time.

2. another young lady said “I always keep my credit card utilization at 2%” 

3. One gentleman told me that” he has been studying credit and how it works as much as he works out. 2 to 3 times per week”

4. This one man told me” in order to keep your credit score above 800 at all times, the one thing that I do is set up all my payments on “auto deduct” I have said this exact thing in many chapters. 

5. My aunt told me “ I have always had a three bureau credit report active and I check it like clockwork multiple times per week”

6. This sweet old lady told me” Nothing happens overnight son, it takes time you need to build history I making your payments on time every month. Never get a late payment this will derail your efforts.

BONUS: This is Val’s and my Tip:

You need to “Have More Credit”To Have High Credit”

What I mean by that is so many people only have a very small if any positive accounts on the credit report. The reason I have over an 800 credit score is because I have 39 total accounts and still have 16 Open that I’m paying on every month. 

PS. This is not mean to open a ton of accounts at one time. The good rule of thumb is to open 1 to 3 accounts that can be ( Credit cards, an auto loan, a mortgage loan, or personal loan) Every year. 

EXAMPLE: let’s say you have three total open accounts on your credit currently, you could easily have six total in the next 12 months. And then repeat again, opening 1 to 3 accounts every year is safe especially if you’re diversifying and not just doing credit cards.

I truly believe that if you guys just go to this chapter and see if you’re doing any of these six amazing tips to continue to do them and if you’re not doing any of those, Get them written down and put on to something you will look at daily, what I did for mine is put them onto a neat small poster board and then took a picture and saved it as my screensaver on my phone. I look at it every day;)

MASTER TIP: 

Don’t open up to many credit cards too often, not only does this lower your “average age” every time you add a brand new account to your credit but you’re also going to obtain another hard inquiry. Both of which will lower your credit score in the interim! 

MASTER TIP: When your score is over 780 you should call up the back of the Credit Card and say, ‘I just checked my credit score and it was above 780, so why am I still paying this high interest rate?’ A good chunk of them will drop the rate down for you,” And if that doesn’t work and you’re carrying a high-interest balance, it may be a good time to look into a 0 percent balance transfer card. 

[>>Link to BEST CREDIT CARDS FROM POOR TO EXCELLENT CREDIT]