Nov 152017

Like the Credit Shifu on FACEBOOK

See online resources below:
Discover Credit Score Checker:
Credit Karma:
Experian Credit Report:

Jul 072017

7 Items to consider to obtain a high FICO credit score and tips on how to negotiate the creditors and credit reporting agencies.

Get a free credit report here: (not sponsored) is a government mandated site that will not ask for a credit card and is the ONLY authorized website for free credit reports. If another site offers you a free report, they are trying to sell you something. .

Support more videos like this along with getting a bunch of perks here:

Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:

Credit Card for Starters
Who Should NEVER Get a Credit Card:
Only Use Credit or Only Use Debit:

Credit Card Basics
How Credit Card Calculates Interest:
How Credit Card Grace Periods Work:
Difference Between Credit Card Inactivity and 0% Utilization:
Credit Card Statement Closing Date vs. Due Date:
Does Canceling Credit Cards Affect Credit Score:
Can You Afford a No Limit Credit Card:
Credit Card Balance Transfer Hack:

Credit Score Less Than 700
Maximize Credit Score while in College:
Build Credit Fast with a $500 Credit Limit:
How to Pay off Credit Card Debt:
How to Build Credit with Bad Credit or No Credit [w/ Self Lender]:
How to Boost Your Credit Score Within 30 Days:

Credit Score More Than 700
How to Increase Credit Score from 700:
740+ is Not Just For Show:
My Credit Score: 848, How to get it Part 1:
My Credit Score: 848, How to get it Part 2:
My Credit Score: 848 – Credit Card Hacks and How I got it:

Advanced Credit Card Tricks
How to get a Business Credit Card:
Keep 16 Credit Cards Active:
Rejected for a New Credit Card with 826 Credit Score:
Make Credit Cards Pay You Instead:
Credit Card Low Balance Cancellation $2 per mont [Still Works]:

Cash Back
Are Credit Card Points Taxable?:
How to Churn Credit Cards:
Best Cash Back Credit Cards for 2017:
5% Cash Back on Everything:
Always get 11% Off Amazon Gift Cards and Amazon Hacks:
Max Rewards: What's in My Wallet:
How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]:
When Your Best Cash Back Card Gets Cancelled:
Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries:
Double Dip Groceries Cash Back with Safeway Just for U:
Milk the Barclays Cashforward Card for the MOST Cash Back:
Other Channels:
BeatTheBush DIY:

Jun 132017

For more information on how to build credit, visit

Whether you're a young adult applying for credit for the first time, or you just haven't used credit in a while, when you finally do want to get credit it can be a frustrating process. You need a credit history to build credit, but no one will approve you for new credit without a credit history — a chicken and the egg scenario. Who knows how these rules came to be, but we'll show you how to work with them.

DON'TS to Avoid When Building Your Credit

DON'T apply for new credit cards, even credit cards offered to you at retail stores. If more than one creditor has decided that you aren't creditworthy, chances are the rest of the creditors will reject you too. And every time you send in a new application, your credit score goes down a little bit.

DON'T bother getting a loan with a co-signer just for the sake of building your credit. Before the recession, this was a popular tactic that a lot of people used and that worked fairly well. But these days, creditors are a lot more interested in you proving that you are responsible with your money, not just your parents or your good friends. So getting a co-signed loan or being added as an authorized user on someone else's credit card are going to do little to nothing to build your credit up.

Apply for a Secured Credit Card

Secured cards are great because they prevent you from getting into trouble with debt since you provide the cash up front. Then, when you sue the card, you are essentially using up money that you've already deposited ahead of time. Plus, your card activity is usually reported to the three credit bureaus, helping you raise your credit score and build credit history on your credit report.

Before you select a secured card, keep these tips in mind:

1. Make sure that the activity is in fact reported to the credit bureaus. Most, but not all secured cards, do this.
2. Make your payments on time! The easiest way to ruin your credit is to make late payments.
3. Don't max your card out. Try to keep your credit utilization at 30% for the best results and keep in mind that your total credit limit will probably be fairly small.
4. Choose a card with low fees. Some charge ridiculous fees that just aren't worth it.
5. Be patient and diligent. It's going to take 6 months to a year to build up your credit history, so be prepared to wait a while before applying for a traditional credit card or a loan.

One secured card that does report to the credit bureaus, charges relatively low fees, and consistently get positive reviews from actual account holders is the Orchard Bank secured card.

Unfortunately, it's really easy to destroy your credit with a handful of bad decisions. But building up your credit history from scratch can take a very long time. That's why you have to remain patient and diligent. If you stick with it, you'll be glad you did.

MORE FROM GOBankingRates