👌 I was in her exact position and just waited for most of my derrogatory accounts to fall off before I started my game, and it worked like a charm 4 the most part. Thanks 4 the video!
@Anthonyjones-pq4ff
Жыл бұрын
About how long did it take for your derogatory to fall off ? I have derogatory on credit report experience and Equifax In many Inquiries
@WalletMonkeys
Жыл бұрын
I couldn't get BK off report for the life of me, just waited till it fell off and started rebuilding the rest of the way from there too. Sometimes just can't get them off. It took me like 2 years for that to finish falling off
@shojus
Жыл бұрын
@@Anthonyjones-pq4ff The derrogatory accounts automatically fall off after 7 years from the date of first delinquency. But, you can also dispute them and get them deleted sooner if you're lucky. I had several, but all of them I disputed and I only have (1) charge-off that's due to fall off in about 1 year, so patience is key. Once your derrogatory accounts are over 5 years old they don't have as big of an impact.
@shojus
Жыл бұрын
@@WalletMonkeys Same for me! I fought hard and just couldn't get my $4500 charge-off taken off, so it falls off in one more year and my score should get a nice boost after that!
@wingnut83
Жыл бұрын
Another great video Brother! FYI, USAA Credit Limit max is 30,000 among all cards. You are not limited in number of cards you can hold(I have 3), just the max Credit Limit amount. Keep up the great work 👍
@WalletMonkeys
Жыл бұрын
BOOM! Thanks for watching! Really? This is the first I am hearing on USAA side, I thought similar to Penfed $50k?
@Mr51Caveman
Жыл бұрын
I'm confused. I've been with USAA for 25 + years. I have two of their Cards and my limit is like $20K for each. So $40K. So are you saying $30K for each card or cumulative?
@wingnut83
Жыл бұрын
@@Mr51Caveman I was told that the total limit is now 30 cumulative. You may be grandfathered in to the higher limit. Congratulations on your total 👍
@rambosidi7634
Жыл бұрын
Yep
@ridleyjoseph7337
Жыл бұрын
I would keep the Macys store card. My Macys store card graduated to Macys American Express. I started with a $100 limit now I’m $15,800, I had it since 2020 as well.
@WalletMonkeys
Жыл бұрын
Dang ok, I had no idea on that. Yes that is a keeper then
@ridleyjoseph7337
Жыл бұрын
They upgraded my friend and I after we reached platinum status. Which means we spent over $1200 in a calendar year. Soft pull credit limit increases with Amex upgrade but store card it’s hard pull from my experience.
@user-dt9mk1of9i
Жыл бұрын
DO A VIDEO ON SECOND CHANCES WITH NFU AND OTHERS IF THATS EVEN POSIBLE
@WalletMonkeys
Жыл бұрын
Good idea! Will add to the list
@subwaypapii6811
Жыл бұрын
thank u for everything i learn so much from u
@777pm
Жыл бұрын
Been there too. I would tell her to start being nice with Navy Federal again. Put some money in an account, start using other products and maybe they’ll let her get another card after a while. She should do a couple pledge loans with them.
@WalletMonkeys
Жыл бұрын
Yep or try to get added back in, open up checking/savings again and start up some depos and money markets to build back trust
@kingmae3808
Жыл бұрын
I have a 750 Experian score, 17, 000 unsecured loan 2 inquiries where can I go for the highest limit credit card or line of credit. What about the X 1 card ?
@WalletMonkeys
Жыл бұрын
I would get that up around $30-50k then go for business. Your best bet is sole prop as it doesn't report to personal and you will get higher limits because they are business but again I would build up personal just a bit more first. Lots of prequals you could check out, dig deeper into channel or join discord
@eceus9962
Жыл бұрын
Hey I’m Emanuel I need help I want to start over my credit your the only person I find on KZitem explaining it this way. what should I do? Step by step I’m also paying debt consolidation company I’ll follow all instructions want to grow from the 5’s to beyond
@WalletMonkeys
Жыл бұрын
Go through whole rebuilding credit playlist, start there then maybe look to join discord so we can lay it all out there for you
@1sttimemom76
Жыл бұрын
Question? I have a merrick with 8y hx 1400 cl. I want to close. I recently got Amex 6k, NF 25k, AZ 6k, savor 3k, penF 6k . All very recent. I have QS 4k 7y hx, Dit 5k 6y hx, Citi 1k 6y hx. Should I close the merrick? i don't want to pay the fee, or will it drop my score a lot. I'm at about 700 now?
@WalletMonkeys
Жыл бұрын
Closing accounts always drops you at least 5 -7 points, 8 year history is really good though so then oldest will be citi. What is your AAoA now?
@1sttimemom76
Жыл бұрын
@@WalletMonkeys Oldest will be Quicksilver with 7 y hx. I don't know what AAoA is? Maybe average age. It is like 4.5 years.
@pixsilvb9638
Жыл бұрын
Always keep the oldest even if you are not using it much. The oldest card is the one which gives you the oldest average age which is important for your credit score.
@WalletMonkeys
Жыл бұрын
@@1sttimemom76 Sorry I missed this reply. AAoA is Average Age of Account. That 1 year will make a difference on your AAoA if you close out the Merrick. I would wait till you do next app spree and get any fresh credit you looking for then make that change.
@floridaproductions
Жыл бұрын
Go Macy’s 😂😂🎉🎉🎉
@shannao1970
Жыл бұрын
I just got four terrible cards to try to fix my credit. Credit one, Premier, Latitude.. etc. I moved my credit from 438 to 560.. Now I'm stuck. Do you have a video for lower credit scores?
@WalletMonkeys
Жыл бұрын
oooff, yes its all mixed in. Go through credit rebuilding playlist, there are some tradeline options for you 100%
@1sttimemom76
Жыл бұрын
Premier is the absolute worst. I have 1 to get rid of from merrick.
@ImStillStealingSteel
Жыл бұрын
I think Ima ask my big bro to get in USAA so I can get in 😂 He’s a vet.
@WalletMonkeys
Жыл бұрын
heck yes, do it!
@Mr51Caveman
Жыл бұрын
You should be eligible to join but beware. USAA is somewhat conservative on their lending practices. I've been with them 25+ years and I can get pretty much whatever I want (within reason) but it took YEARS of playing the credit game. And that's exactly what the whole Credit game is...a game. A game of strategy, time, factors, etc. It took me many years, actually decades to figure out how to play but I got it. Now I have a perfect 850 score, multiple credit cards and lines with available credit in the 6 figures. My goal is to become a Credit Card millionaire! I want to have at least a Million in available credit. That's my goal anyway.
@phillipcarr4903
Жыл бұрын
Is credit history referring to all credit or just revolving?
@WalletMonkeys
Жыл бұрын
usually people are referring to just revolving I found because they don't realize there is a difference so they just looking at AAoA
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