No credit score, this is what you need to do

didier at diddy a mortgage we’re gonna

00:02

speak about credit score and I’m gonna do a

00:04

sequence of credit so we’re gonna speak

00:06

about having no credit score zero nothing so I

00:09

had a younger woman she referred to as me up I had

00:11

to go get a secured bank card and that

00:13

secured bank card with the financial institution that

00:15

she went to ask for $300 on that $300

00:19

account I instructed her to max it out the

00:20

very first month 300 utilization finished

00:23

paid off the following 5 months she was

00:27

solely allowed to put $100 every month on

00:29

that bank card and pay it off see what

00:33

occurs is {that a} mortgage it takes six

00:35

months for it to present up

00:36

not beforehand now you may even see Credit

00:39

Karma you may even see your bank card and

00:41

it is exhibiting up however for a mortgage

00:43

functions it is six months so anyhow

00:46

we’re going alongside we get to the six

00:48

month and I pull her credit score report on

00:50

October ninth and she or he has a 708 growth she

00:55

obtained authorised for standard obtained

00:56

authorised for FHA 3% down all day lengthy

01:00

that is what I did so I simply need you to

01:02

know that is how you have to do it now

01:04

keep in mind when you’re credit score

01:05

Carmen these different locations it is not the

01:07

identical as after we pull a mortgage it is a

01:09

completely different on the credit score scores however

01:12

they’re good as a result of it offers you a

01:13

vary and on these completely different websites you

01:16

can see the way it can construct up so I’m

01:18

didier at didier mortgage present you how I

01:21

obtained one particular person with no credit score to a 708

01:24

so for you first-time homebuyers or

01:26

individuals simply do not consider within the credit score

01:28

and hasn’t had credit score and simply use your

01:29

debit card that is what you need to do

01:32

subsequent we come to speak about medical

01:34

collections and the way we will soar up the

01:36

scores hope you’ve loved this so we’ll

01:38

speak to you subsequent week

01:39

take care