– Hey what's up YouTube fam? Brandon Weaver here once again.
How to get a 700 plus creditscore, 700, 720, 760, 780, 800, how do you get it, how do you get that? All right, let's get right into it.
35% of your history, all right, 35% of your history isyour payment history.
35% of what makes up your FICO score is your payment history, okay? So the highest FICOachievers, those individuals with those 700, 720,780, seven, 800s okay? 98% of 'em have no missedpayment history, okay? And this comes right from FICO, you can, if when you log into myFICO app they'll tell you a lot of their break down of what the highestachievers typically have, okay? They may not say exactlyhow you can do it, but they'll say hey this is probably about what the highest achievers have, 98% have no missed payment history.
So that's number one, that's the first thing out of the gate.
You know, you want that allon time payment history.
So if you've got thesenegative, nasty, erroneous, unverified accounts,you can dispute those.
Com, we can do the work for it at theawesomelifegroup.
Com, okay? Also, the education ofdisputing the late payments, using goodwill letters, okay? Proven, I have people allthe time email and say hey, I had autopay on there, I don't know why I wouldhave a late payment.
Reaching out to them, letting them know, hey, you're doing something wrong.
This is inaccurate, okay? Disputing unverified accounts,unverified late payments, goodwill letters, all of it, all right? So, really no missed payments, 98% have no missedpayments, but if they are, they're over four years old, okay? So the age of the latepayment is also important, but really no latepayments, no public records, no collections, soeverything's clean, right? Everything's clean.
So that's the part that we're disputing, cleaning out people, emailing,letting you see reviews here, you've seen testimonialshere, you've seen videos here of people being able to doit, you could potentially be the next one to do it as well, all right? Now 30% is the amount of debt, 30% is your amount of debt.
So right there, that'sa big chunk, right, 65%.
Less than 7% credit utilization, now we've gone over that before.
A lot of people will say hey, get it at least under 30%, sure.
But you're going for thehighest echelon, okay? Under 10%, fine, but whatwe know is that the highest FICO earners from myFICO,what they've said in their bullet points, what I'velooked through, okay, in their app, under 7% utilization.
Also, three accounts, threerevolving accounts, right? Three revolving accountsthat are utilized.
Total balance of your revolving accounts, your credit cards and your open-end cards, which are your charge cards, okay? There's a difference between a credit card and a charge card.
A credit card, you canrevolve that account, that revolving balance, whereyou could carry over a balance every month if you wanted to, which we try not to do here, right? Try not to do.
But your open-ended cards haveto be paid off in 30 days.
Your charge cards are thoseAmex charge cards, okay? So the total balance of your revolving and open-ended accounts, youowe less than $2,500 in total on them, when they report basically, okay? So you don't have these big balances, they're not worried about it.
Now, that is a little bitsmaller of a scenario, okay? That's not a massivedeal as it is part of, that is part of your 30% of the debt.
So if you're under 7% utilization, you're using three of your accounts, your revolving or chargecard accounts, three of 'em.
I remember I was using two and my score wasn't as strong once Iwas using three, okay? And you're not maxing 'emout, you're probably okay.
So there might be somewiggle room in that 2500, you might be a little bit lower, you might be a little bit less.
But you don't have to carry 2500, you just want to keep it under 2500.
Now, 15% is the length of credit, okay? Most people want to workon their length of credit.
I want to work on it myself,I'm a young man, right? So you want alert of that.
15% length of credit, okay,the highest echelon individuals have nine years or moreof average age of credit.
And there's oldest accounts, and that includes their mortgages or loans, or whatever from school, or whatever, wherever they've got, right, 25 years or more for highest, okay? 10% is your new credit, so inquires are actually pretty small.
You just want to keepthat down if you know what you're doing, right? You're not getting approved for stuff, it's a non-account holding inquire, maybe you need to dispute it.
10% is credit mix, now this issomething that's intriguing.
Not only do you want tohave your revolving accounts and your charge cards,but you want to have installment loans,potentially like a mortgage, a car note, Self Lender is a good one.
Most of the high echelon FICOpeople, those big scores, have about fiveinstallment accounts, okay? Now I'm not saying youneed to rush out and get five installment accounts,but I'm saying you might have a car, you might have a mortgage, you might have a SelfLender, it might be helpful.
And most have seven bank cards in line with their store cards andpotentially have up to 12 revolving accounts,including their charge cards, store cards, but seven of themare major banks, all right? So that's a brief overviewof how you can get to the top, to the top! If this video helps you out,please give a thumbs up.
Hit the Subscribe button andthat bell for notifications, and until I see you in person, I will see you on the other side.