here are five steps you need to take if your credit score is below a 700 let's hop right in
hey everyone it's Me Jazzy Mack and I wanted to do a video about how to raise your credit score if
you just don't know anything about credit I have so many people in the comments that have said well
Jazzy I've used your kids I followed them I used your templates my credit score went from 580 to a
750 or my credit score went up 100 points in just two weeks oh my goodness I'm so proud of you for
putting in the work but then I have my special babies the ones that require a little bit more
attention and the ones that stay well Jazzy I have never dealt with credit before I mean
someone ruined my credit when I was younger and I literally don't know where to get started I don't
know where to pull my report I don't know which reports are accurate I just don't know what to do
so this video is for those of you that have been working on your credit but it's also for those of
you that just don't know where to start at all so when it comes to your credit report as we all know
everyone has three credit reports uh Equifax Experian and Transunion those are the big three
those are the most important credit reports you can have there are other credit reports
there are actually uh probably at least 50 other credit bureaus that report things like evictions
um you know things like judgments um other uh things that may not appear on the big three but
the big three are the most common they're the most popular when you are applying for a home
a car usually they're going to pull from the big three and they're going to look at your
FICO score so if you say I want to get started with my credit where should I go please do not
go to Credit Karma I know y'all love Credit Karma and that's okay it's fine to like them
if you're just getting like a bird's eye view of your credit report but it can be very inaccurate
it's a free site for a reason and information as far as your credit score can sometimes be
outdated it can be inaccurate the account information sometimes doesn't fully show
um so there's just a lot of stuff that Credit Karma can sometimes lack so if you're going to
pull your credit report I would recommend that you pull it from Experian or my FICO I like both
of these sites because they provide accurate information but they also have things like
credit simulators which show you kind of like a hypothetical view of how your credit score can
increase over time based on if you pay something down or if you you know make a purchase what it
shows you kind of like in what your score is now and what it can look like in the future so that's
the first thing you want to do is pull from one of those sites the second thing you want to do is
always make sure that your personal information is correct your name your date of birth your social
security number and your addresses you want to make sure that this information is accurate
now if you come across something like an address that just does not belong to you absolutely delete
that but there are some people that say Hey I have my current address on there should I
delete that from my credit report why because somebody on YouTube that didn't know what they
were talking about said that you should delete all your old addresses number one that's a bad
idea because you still have to have addresses for identity verification purposes so you don't
just want to do a sweep of your information and like sweep yourself off of the credit
report to where they cannot like match up your information when it's time to do like an identity
verification you only want to remove inaccurate information so if it says that you lived on 127
um Smith Street and your address is actually 125 then that would be something that you would want
to remove because it's an address you've never lived at now the next thing that you
want to do this is where all of the work actually starts you want to to check for derogatory items
derogatory items are collections charge-offs late payments and any type of public records such as a
bankruptcy some people would even consider inquiries uh where you know you have hard
inquiries they would consider that at times to be a derogatory item but the items that are easiest
to focus on and that are easiest to remove are always going to be collections in charge of this
is because Collections and chargers are usually sitting with the third party that may or may not
have the legal right to collect anything from you and they are probably trying to collect an amount
that you did not originally owe the merchant so if you've ever had a hospital bill or maybe you had a
cell phone and you're closed out contract and then they sent you a bill six months later you didn't
pay it because you thought you were all good they sent it to collections collections added an extra
thousand dollars on top of it and said okay now you owe us the original balance plus a thousand
dollar collection fee if you didn't agree to that where you signed off on it with the phone company
that would not be something that they should be legally trying to collect from you in fact
they should not have in on your credit report um because that would be an inaccurate amount that
they're listing on your credit report this is one of the reasons that you can use for disputing you
can say hey I don't owe that amount or you can say hey I don't owe that at all I this account is paid
it should have never gone to collections again I have a credit kit with a road map that explains
what to do you know if there is an original contract if the amount isn't correct all that good
stuff but the point is you want to tackle those derogatory items because many of you have paid
Collections and the balance shows zero on your credit report and you're like why isn't my credit
score going up Jazzy I literally paid this well I'm here to let you know a paid collection has
the same weight as a collection with a thousand dollar balance a collection is a collection is
a collection so the object is to remove the collection and once the collection is removed
that is when you'll see your credit score going up so removing a collection does not decrease
your score this is something you can verify on the credit reporting bureaus websites because you're
removing a collection that is not considered like something that would hurt your score now
you want to when you are tackling things in collections or things that have been charged off
you want to ask yourself a few questions one is it accurate is the amount accurate is the charge off
date accurate is the delinquency date accurate does it actually belong to you did it belong
to your ex-spouse did it belong to somebody else that you might have co-signed a loan for
um is it past the statue of limitations you know if it's in collections and that collection is
from 2011 well fcra law says that you can only Co you can only report this on my credit for
seven years so if it's an old collection that's outdated that's something that can be disputed
and that's a means to have it removed and has it been validated have you actually gotten an
itemized billing for it do you actually know um have they actually sent you original contracts
proving that you agreed to the debt and that you are obligated to pay the debt so once you ask your
yourself those questions now comes the dispute process never dispute online
it is automated it is computer run and it is something that generally it's going to come
back verified within 24 hours you always want to in my opinion dispute by mail it forces people to
do work at the credit bureaus when you hand write those letters and you send them certified they
only have 30 days to verify the information and if they can't by law they have to delete it from your
credit report please never ever dispute positive reporting information so if you have like a car
loan that you've never been laid on and you've got a credit card you've never been laid on don't
dispute accurate positive information because one that's frivolous disputing and two if they were to
remove the positive accounts where you've never missed a payment that is something that could
make your score go down so some people like to do a sweep of their credit report and they dispute
everything on there and then they say my score went down and it's like yeah because you removed
positive accounts that were not negative so be mindful of that so um a lot of you have asked
what if I have an account that's in collections that I've been paying on can I still dispute it
yes it is your consumer right to dispute it with the credit bureaus you can dispute it with the
actual collection agency but I personally like to do it with the credit bureaus because they're the
ones that are responsible for removing it uh the collection agencies are going to be a lot
more like uh we don't want to remove it we're not obligated to remove it like they're going to give
you all these excuses so we go around them and we go straight to the credit bureaus to say hey
I would like this fully validated and I would like for you to send me the method of verification how
did you verify this who did you talk to who told you that this account information was
accurate that's what we want again I have this all in templates but this is just a high level
overview the templates are down in the description box but this is just a high level overview of how
you get started once you tackle the charge offs in the collection and if you have late credit card
payments you can use the CEO method and have those late payments removed I've done videos on that
I've got templates on it I've got everything you need so just know that all credit is fixable don't
let anybody tell you that it's not and please don't pay anybody to fix your credit because
you can fix it a lot faster yourself when you are the one sending off those letters so let me know
if you have questions about that please like And subscribe if you found this information helpful
and let me know if you have any questions down below until the next time I will see you later bye