How to Increase Credit Score from 700 | BeatTheBush

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how's it going everybody this is feed

the bush a lot of you have asked me how

to improve your credit score not from a

really low one let's say you have

something like 700 720 or something and

you want to improve it some more what

kind of things do you do to make it go

higher well I compiled a list and I'm

gonna show you how first of all the

passive stuff is more history more

on-time payments you're already doing

that so I call that passive and more

history it's just well you're just doing

whatever you do and you just need time

to pass by every single month you pay it

off and then you wait for the next month

you spend some more you pay that off so

that's kind of you know passive and it

takes really long time because one year

of history takes one year's time you

want something active that you can do

today that will make your credit score

go higher so here's the active stuff you

need to get more credit cards the reason

you need to get more is to expand your

total credit limit if you just have a

few you're not gonna have that high

total credit limit so you need to get a

bunch of other ones from other banks

because if you get it from the same bank

they tend to limit the total credit

limit they extend you so whatever you

spend per month whatever you're

comfortable spending let's say 500 1000

2000 right if you divide that by your

total credit limit of across all your

cards the bigger the total credit limit

you have then the less your current

spending for every single month is going

to affect your real credit score if I

say get more credit cards you might go

overboard and just go all let me just

apply to ten cards all at once you

shouldn't do that because you're gonna

have a hard inquiry for every single

credit card and so if you have too many

it's gonna reduce your current credit

score so you want to stay about I'd say

to three per year you know just kind of

continually apply for two or three a

year that's a good pace and you know

just don't do it all at once

so that it'll impact your credit score a

lot the heart in Currys of course they

stay on your credit score for 24 months

now you also gotta watch out for Chase

special rule where if you have five or

more new credit cards they're not going

to give you another one

so if you go over that then make sure

you don't go apply for a chaise one and

if you do apply for it make sure it's

under so that you would have a higher

chance of getting the chase credit card

that you're after

other active things you can do is

actually getting more types of loans

this is pretty crazy because it's

getting a new loan is a big deal getting

a mortgage is a big deal you're you

don't always can just you know randomly

just get one it takes a lot of planning

a lot of big decisions here getting a

car loan yes it helps if it's on time

and stuff but I personally don't

recommend car loans because you have to

pay interest into it so I don't have one

and it's best that you avoid it if you

can student loans if you if it's up to

date yes it's gonna help you personal

loans they are really really high

interest but it will help if it's

current and you're paying it off the

last one is the credit builder loans if

you have a really low credit score then

it would help you a lot but if you have

about a 700 it's probably gonna only

help you marginally but it will help I

made a whole video just on credit

builder loans I'll leave a link to that

video over here if you're interested in

pursuing that Avenue if you have a

credit score of above 700 you can still

achieve the 700 even if you're carrying

balances if you have some balance in

there then yes you can still have that

it's it may be surprising or not but if

you pay it off okay it's kind of the

same thing as getting more credit limit

so if you have the money to pay off your

balances whatever you all your credit

cards just just pop it in there pay it

all off you'll see your credit score

increase just from doing that back to

the point of more credit cards you want

to accumulate more of them and sometimes

on this channel you would hear me

canceling credit cards mainly I do that

because I can because I have a high

credit score of 830 plus and if I cancel

one I don't really care if I'm losing a

little bit limit or not but the main

reason for that is I can cancel it so

that I can leave that slot open for

another credit card of the same type so

if I cancel it two three years later

I'll have the ability to get that card

again mainly for the bone

so canceling for me is viable only

because I have a high credit score if

you try still trying to get a higher

credit score it's probably better just

to just keep those credit cards last

thing is to keep all those cards active

if you have 510 cards right you might

have only like five of them that you

keep in your wallet all the time that

you keep active and then you might have

a whole bunch of them in your drawer or

something that you don't really use well

you can boost your credit score by

keeping them active because it helps to

have your cards active on your credit

report well keeping more than ten cards

active might be kind of tedious if you

have more than ten cards that's a lot to

juggle around and try to spend something

on that card every single month well

that will be the topic of my next video

where I'm gonna show you an easy way to

keep all your cards active I have to

actually have like 20-some cards and I

keep all of them active every month I

hope this helps don't forget to give me

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thanks for watching