My ONE WEEK PLAN - How to get a Perfect Credit Score for $0 | 800 Credit for FREE

my credit score is an 847 only three points away from a perfect score and i'm going to give you a one week plan to get perfect credit yourself several people that have watched my videos that are members of my facebook group have done what i've told them to do and they've been pre improved their scores dramatically in a short period of time so when you get to the excellent range you're probably going to be offered the best interest rates and therefore it's going to save you a lot of money in the long run so let

me tell you about the plan it's a seven day plan and every day i'm gonna tell you to do something different so let's get right into it i'm shahida hill getting you over the hill to home ownership and helping you confidently buy your first home with perfect credit we are going to start this plan on saturday so on saturday you are going to get a copy of each one of your credit reports you're going to get your equifax credit report your transunion and your experian and the website that i'm going to have you go to

is annualcreditreport.com it's the official website authorized by federal law to get your credit reports from it's absolutely free there's they have to give you one copy by law every year now since covid they've been giving more copies of your credit report but in general they have to give you at least one copy of your credit report every 12 months so you'll get them from in the same website from equifax transunion and experian i want you to get them from the website i want you to print them out and then i want you to highlight anything

negatively reporting on your credit report because in order to improve your credit we need to make sure that we're cleaning up any negative items on that report so that's all i want you to do on saturday i'm starting on saturday since you have a little bit extra time maybe you're off from work but you're going to get all three copies of your credit report now they will have the option for you to also buy your credit score now you can do that or stick with me for sunday because you know they may charge you a

small fee to get your credit score i'm gonna give you some websites that will give you a free credit score on sunday i want you to sign up for free credit monitoring i like credit wise myself but if you're looking for a site that gives you a little bit more um lender information because lenders are going to use your fico score then you may want to use my fico i did this video all about the best credit monitoring sites and my fico won over because it gives you basically what lenders especially mortgage lenders are going

to be looking at but i really like credit wise also if you already have credit cards most of the major credit cards are going to give you a free score every month so i want you to spend sunday making sure you have some type of credit monitoring so for example you can do credit wise and that's with transunion they'll give you a transunion score but they'll also monitor what's going on with your credit for free and then you can go to some of your credit cards and say okay are they monitoring my score as well

you want to make sure you're signed up for some type of credit monitoring and that's all i want you to do on sunday for the remaining five days of the week we are going to tackle what makes up your credit score on monday and tuesday we're going to go over the most important component on wednesday and thursday we're going to go over the second most important component and then on friday we're going to go over the last three all right so let's get started with monday today we're going to focus on what makes up 35

of your score and that's payment history okay now it's the most important that you pay your bills on time 30-day late and 60-day lates are killing your credit score you have to be very very mindful because this is the highest ranking component payment history when you pay things late or you don't you don't pay at all it it does a major major impact to your credit score so things like foreclosure things like repossessions um again 30 day late 60 day late 90 120 when you're not paying your bills or you're paying late that shows creditors

that you're not a good credit risk and it takes a major hit to your credit score so on monday what i want you to do is look at any late payments so any late payments that are on your credit report i want you to look at them one i want you to evaluate if it's accurate so is the late payment accurate or the non-payment is it accurate when if you decide that it's not accurate like you really paid on time or you really paid that bill you're going to dispute that item on your credit report

in the description of this video i have a link to how you do a dispute now they will give you an option to do a dispute online i don't want you to do the online dispute i want you to do the dispute in writing when you do it in writing you typically have more chances to dispute it versus when you do the online dispute you only have generally speaking one chance to dispute it now once you dispute the debt they have 30 days to respond to your dispute if they don't respond then it's automatically taken

off of your credit report if they do respond validating the debt then you it will remain on your credit report but the first thing i want you to do is check there's a lot of credit reports that are not accurate so you want to look at your credit report and see if any of those late payments non-payments are inaccurate and the good news is even if you had a foreclosure it only takes about two to three years to rebuild your credit and that's one of the worst things you can do is not pay for your

house right so it doesn't take much or many years for you to re-um gain your credit so you're going to do that first the second thing if they're accurate so if some of these late payments are accurate like you really didn't pay you paid late if you're caught up on that account for example say you had a car loan and you maybe relate onto payments maybe you forgot or you had a job loss something along those lines you're going to ask for a good will deletion on those accounts on those um credit those hits on

your credit so you paid late and it was legitimate however now that you've regained employment or you know it was just a mistake now you've been paying on time now i want you to reach out to that creditor you can do this in writing as well and ask for a goodwill deletion basically saying you know i had some difficulty and you could say what the problem was but now you're back and you're caught up on your payments and you would like for them basically to remove the late payment from your credit report i'm also going

to include a link that tells you how to write a goodwill letter for those accurate late payments now let's move on to tuesday i want you to never ever pay bills late again so any bills that you can set up on auto pay i want you to take today to do that many times it's not that you don't have the money it's that you're not organized or maybe you got busy and you forgot to pay you can set up your bills for auto pay you can set up your credit card bills to just make the

minimum payment you don't have to tell them to pay a lot then you can decide how much you want to pay each month but then you will never pay late because all of your auto payments are set up if you don't trust auto payments or if you're not comfortable with that then you really need to set a time two times a month to make sure that like the beginning of the month you pay any bills that are due between the first and the 15th and in the middle of the month you're going to pay any

bills that are due between the 15th and the last day of the month whether that's the you know the 30th 31st just the last day of the month so you want to make sure that you're never going to pay your bills late again so if you've been in the process of kind of just being disorganized with your payments you want to set tuesday aside to make sure that you're set up not to pay those bills late ever again okay now we've gotten the most important component out of the way on monday and tuesday that's 35

percent of your score payment history now we're going to move on to the second most important component that is available credit that is 30 of your score so today wednesday i want you to calculate how much of your available credit you are using and i'm gonna use ten thousand dollars as an example so if you look at all of your credit limits across your credit cards and you add them together and it's ten thousand dollars so i want you to look at all your credit cards to say okay how much available credit do i have

if those balances were zero like if one credit limit is you know five thousand dollars the other credit limit is six thousand dollars whatever it is for you i want you to calculate how much available credit that your credit limits and add those all together and then your balances so for i'm gonna use ten thousand as an easy example so if you have ten thousand dollars um in available credit across your credit cards but you've charged up like you use seven thousand dollars okay you actually only have now three thousand dollars in available credit meaning

you're using seventy percent of your available credit that is not good it's basically showing a lender or the credit reporting um the credit scoring model that you need your credit a lot like you need a lot of the available credit that you have the higher this percentage is the lower your credit score will likely be so you want to see what is your percentage like how much of your credit are you using and you want to make your goal to get this percentage lower than 50 so if you're above 50 your first goal is to

get your credit down to at least 50 percent you want to have 50 or more of available credit so if you have a 10 000 balance across your cards you want to make sure that you are less than 5 thousand like you're using less than fifty percent your next goal is going to get to get down to thirty percent okay you wanna get three thousand dollars or less that those two um paying it off fifty percent then paying it down past 30 will give you jumps in your credit score okay because now you have more

available credit and then you'll get another jump at 10 or lower if you are using um 10 or less of your available credit your credit score will increase again so that will be in our 10 000 example that would be meaning you're using less than a thousand dollars of all of your credit okay so you want to get it beneath 50 percent then your next goal is beneath 30 percent then and your last goal is beneath 10 so you're going to spend wednesday figuring out where you are how much of your available credit are you

using and then make a plan to say okay how can i you know pay down this debt how long will it take me and you're definitely not going to charge anything additional okay you're gonna make a plan that you're not going to use your credit cards to charge anything additional until you're beneath that 10 percent or not at all okay or if you get to the point where you charge something you pay it off now it's thursday we're gonna stick with available credit now one thing that you can do that can help you reach your

goal earlier is to call your credit card companies and ask them to increase your limit so wednesday you figured out okay where you needed to be how much you need to pay off but one thing that can help you reach your goal faster is for each of the credit cards to increase your credit limit therefore giving you more available credit so this is one option you could use i would call every single credit card sometimes they will allow you to do this online and request a credit line increase so say you had a five thousand

dollar balance maybe you want to move to six thousand dollars or seven thousand dollars so you want to try to see if they would give you a and not every credit card is going to do it but if they can increase your um your credit line then you would have more money like you would have more available credit and you could reach that 50 percent that 30 percent and that 10 goal earlier so that's all i want you to do on thursday is figure out if you can increase your credit limits on your credit cards

i don't want you to use that that extra credit it's just to help you um reach those fifty percent thirty percent and ten percent goals faster you made it to the end of the week and it's friday and we're going to tackle those last three components of the credit score now you've done all of the hard work monday through thursday that was 65 of what makes up your credit score so now we're just going to spend friday trying to figure out if we can do anything with those last three components now 15 is your length

of credit so just how long have you had credit or how how long have you established credit now this could be difficult if you're really young so say that you're you know young you're in your 20s maybe you got your first credit card maybe a year ago then you won't have a long credit link so you can't just i can't just make you older to have credit longer but one thing you could do is have someone with a longer credit history add you as an authorized user on their account now i would say that not

only will their good credit perhaps help you but if they don't pay their bills that could harm you so i really only recommend adding an authorized user or having yourself added as an authorized user to somebody you really trust or just like your spouse i don't know if i would go outside of that very much but if you know somebody has really strong credit they're willing to add you on as an authorized user that could help with your length of credit because they would pretty much give you some of that credit length for whatever card

they're adding you to number 10 is credit mix the kinds of credit that you have there are two primary types of credit one is installment debt and basically those are things like student loans car loans mortgages basically you've you've borrowed a lump sum of money and then you're paying it back through like regular payments that's installment debt and for this credit scoring model they like to see installment debt and then revolving debt revolving debt is more credit cards where if you you know you pay your balance and then you get to use that money again

and again now i don't recommend that you just open credit accounts to open credit accounts the only thing is if you don't have any credit no established credit then you could open a secured card to establish some kind of credit and basically you're just putting your own money on that card and then you're charging it and paying it back charging it paying it back and that will allow you to um build uh or begin to build a credit history but i don't recommend if you don't feel like you have enough like of a credit mix

i don't recommend that you just go ahead and start opening accounts because that will hurt your credit inquiries which is the last 10 percent so the last 10 percent are inquiries on your credit when you've applied to credit or if somebody's checked your credit right so those things will hurt your credit so i don't unless there's an inaccuracy like you didn't apply for credit or you didn't authorize someone to check your credit then you can dispute those so if you feel like that's inaccurate on your credit report you can dispute it and get those removed

but if they are accurate inquiries just leave them alone they it's only 10 of your score i would really focus on the other things that you can control and then little by little those credit inquiries will fall off or they won't count as much in general on your credit score so i hope this was helpful and kind of gives you a plan for the a plan for the week i want you also when you're going through to try to fix some of the things that are negatively reporting on your credit report i want you to

focus on the newest things first the older things are the less they matter and everything by law will come off of your credit after seven years for the most part so you want to make sure that you're really focusing on the items on your credit report that are hurting your credit the most so things you've done in the last year focus on those first then go ahead to year two and then focus on those but you should see if you kind of clean up what's happened in the last 12 months you should see some credit

increases and your credit improve and then you can see if it's necessary to go to to year two to try to clean up those things but you want to try to focus first on what's most recent reporting negatively on your credit and i have an entire credit playlist if you want to work on your credit even more and then i have this video again that will tell you the best credit monitoring sites and if you are married and you want to try to improve your spouse's credit then i have some tips for you here so

please watch those videos next if you have any questions put them in the comments thank you so much for watching please like and subscribe to my channel