From ZERO to 700 Credit Score in 6 MONTHS

Beginner's Guide to Reaching a 700 Credit Score by 18 Years Old
Get a $50 Statement Credit https://refer.discover.com/s/edaniel7749
Get $20 Worth of Bitcoin https://coinbase.com/join/XE76FUW?src...
Get 2 Free Stocks on Webull https://act.webull.com/in/B14KvepDsr5...

Today, we’re diving into an important topic: building credit from scratch. Now, this isn't just for people who’ve just turned 18 - if you’re looking to rebuild your credit or start building for the first time, this video is for you. I'm going to walk you through some effective strategies to build a solid credit score, even if you're starting from zero, and I’ll update you on some of the most recent changes in credit-building strategies for 2025.

Instagram   / emandalio  
Twitter   / emandalio  
Facebook   / emandalio  
Support the Channel on Patreon   / emandalio  

Firstly, bear in mind that our credit score is determined by five main factors: Payment History (35%), Credit Utilization (30%), Length of Credit History (15%), Credit Mix (10%), and New Credit (10%).

A fantastic strategy if you’re under 18 or don’t yet have a credit history is becoming an authorized user on someone else’s credit card. You don’t have to wait for your own credit card to start building credit - just make sure the primary cardholder has a good payment history, low utilization, and a solid account history.

Next, let's talk about secured credit cards - this is probably the most well-known method for those who are just starting out with no credit history. A secured card works by requiring you to put down a security deposit, which becomes your credit limit. If you put down $200, for example, your credit limit will be $200.

To optimize your credit score, pay down your balance before the statement closing date to keep your utilization low when it’s reported to the credit bureaus. Then, pay the full balance by the bill due date to avoid interest and late fees.

As the months go by, use a reliable service like Experian or get your annual credit report from AnnualCreditReport.com. Avoid relying on Credit Karma, as it uses a different scoring model than what lenders use. Tracking your progress will help you adjust your strategy and keep an eye on any discrepancies.

After 6-12 months of credit history now generated, you should be good to start adding more cards to your portfolio. Remember, if you’re applying for multiple cards, try to space them out. Apply for one every few months rather than doing a bunch in a short period.

That brings us to credit inquiries. Every time you apply for a new credit card or a loan, the issuer pulls your credit report, which is known as a hard inquiry. Too many inquiries in a short amount of time can make you look 'credit hungry,' so avoid applying for too many credit cards in a short period.

Video Outline:
0:00 Intro
1:08 Credit Score Calculation
3:30 Authorized Users
4:35 Secured Credit Cards
6:15 The Strategy
12:09 Closing

Recording Equipment https://www.amazon.com/shop/zydash?li...
Must-Read Books https://www.amazon.com/shop/zydash?li...
Get 2 Free Audible Books https://www.amazon.com/dp/B00NB86OYE?...

For business inquiries, you can reach me at [email protected]

Disclaimer: Links in the description are typically affiliate links that let you help support the channel at no extra cost.