💡Check your credit history to understand your current credit situation.
💳Make minimum payments on time and keep credit usage below 30%.
📞Communicate with creditors to work out a payment plan if needed.
💰Pay down balances as much as possible to lower credit usage percentage.
📊Monitoring your credit score regularly is essential.
How often should I check my credit history?
—It is advisable to check your credit history at least once or twice a year to ensure accuracy and detect any fraudulent activity.
Is it important to make the minimum payment on credit cards?
—Yes, making the minimum payment on time is crucial to avoid late fees and prevent your credit score from dropping.
What should I do if I am in collections?
—If you find yourself in collections, it's essential to communicate with your creditors and work out a payment plan before it gets sent to a debt collection agency.
Should I pay off all my credit card debt?
—While it's ideal to pay off your credit card debt, focus on lowering your credit usage percentage and keeping balances below 30% to improve your credit score.
How often should I monitor my credit score?
—It is recommended to monitor your credit score regularly, especially if you're actively working on building or improving it.
00:00Anthony O'Neal introduces his upcoming trip to Africa and invites viewers to join him.
01:56Anthony O'Neal addresses the importance of building credit and shares his experience with credit scores.
10:53Anthony O'Neal provides practical tips on how to build your credit score, including checking your credit history, making minimum payments on time, communicating with creditors, paying down balances, and keeping credit usage below 30%.
12:27Anthony O'Neal emphasizes the importance of monitoring your credit score regularly.
