BEST Day to Pay Credit Cards to INCREASE Credit Score
Steve Didier - 800.Credit Steve Didier - 800.Credit
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 Published On Jan 10, 2024

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πŸ”₯ Maximize Your Credit Score! πŸ”₯ Join us in "BEST Day to Pay Credit Card to INCREASE Credit Score" where we unlock the secrets of timely credit card payments to boost your credit rating and avoid interest. Ideal for those looking to improve their financial health! πŸ’³πŸ’Ό

00:00 Intro
01:15 - FICO Scoring Factors related to credit card payments
01:44 - Payment History, how late payments work
02:54 - Credit Utilization and how it affects your credit score
04:06 - Statement Date explained and Billing Cycle explained
04:44 - Statement Balance and Current Balance explained
05:50 - Payment Due Date and Minimum Payment Due
06:40 - Grace Period and Carrying a Balance explained
08:41 - Best dates to make your credit card payment - payment strategies explained

πŸ—“οΈ **Key Dates and Terms**:
- **Statement Date**: Understand when your credit card statement is issued and its impact on your credit score.
- **Statement Balance**: Learn how this balance affects your credit utilization and score.
- **Payment Due Date**: Know the deadline to avoid late fees and negative credit impacts.
- **Grace Period**: Discover how to use the grace period to your advantage for interest-free payments.

πŸ“ˆ **FICO Score Factors**:
We dive deep into the factors that FICO considers when calculating your credit score, such as payment history, credit utilization, and more. Learn how the timing of your credit card payment can influence each of these factors for a better score.

πŸ“† **Best Payment Strategy**:
Find out the optimal day to pay your credit card bill to maximize your credit score while avoiding interest charges.

πŸ“š This video is packed with practical advice, easy-to-understand explanations, and actionable strategies. Whether you're new to credit cards or looking to refine your payment habits, this guide is for you!

❗ **Disclaimer**: The content in this video is for informational purposes only and should not be taken as financial advice. We are not financial professionals. It's important to consult with a qualified financial advisor for personalized advice. The strategies and information shared are based on our understanding and experience, which may not apply universally. Viewers are responsible for their financial decisions.

πŸ‘ *Like, Share, and Subscribe* for more insightful financial content. Elevate your credit score and financial knowledge with our expert guides and tips. #CreditScoreBoost #FinancialWisdom #CreditCardTips

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#creditcards #creditcardpayments #creditscore #financialfreedom

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