Description: The article wants to mention the topic which is about maurices capital one. The content will show us some information related to Capital One credit card including the material on how to build credit, how to start credit, how to maintain and establish good credit, the author tends to show us how to get a secured credit card.
That is my jam this year brother, Mr. good addiction is reporting back to you live for part two of my videos on how to build credit, how to start credit, how to maintain and establish good credit, if you haven’t checked out video, number one, please subscribe like and go to my YouTube channel where I have my first video up there which is about how to start credit.
I explain how to use it and get a secured credit card. This is a follow-up video from that video, so check that out on your own time, you can check that out, this video isn’t going anywhere either, so check that out first and then come back to this video.
I was talking about how to get a secured credit card to start your credit after three months of managing the utilization on this card, hang it on one time, Capital One began to send me credit card qualifications in the mail and this has my name on it.
It basically says you are pre-approved for a credit line up to $1,500, so although I’m pre-qualified, if they send me this amount, it doesn’t mean that you have to use all of that money, you want to have to do the utilization ratio divided whatever amount comes in the mail and divided by three.
So this was the first thing that they sent me in the mail, after they saw that, I was responsible, then a few weeks later, my capital one card came in the mail, this has a thousand dollars on it, but dividing it by three, I only want to use about three hundred and thirty dollars on it and not to go above that or beyond that unless it’s all about the history on these accounts.
These are trade lines, whatever is on your credit report as far as credit cards, those are called trade lines and what the whole goal is to consistently build it consistently show act two, you have a crappy job, even this can work even if you’re on minimum wage, if you have a minimum wage job, McDonald’s pays you $400 every pay period, this is $400, this $400 is supposed to go into your bank account, so $400 is in my bank account, you want to basically split that up between these cards, between these two cars, it has $1,200, so that is available to you.
If you need it if I don’t know car breaks down, if it’s an emergency, you have $1,200, then you have access to it, you don’t have to ask your parents, your friends, you don’t have to borrow it from anybody, this is how much you have available to you on your own.
I don’t want to go over any of that, if only $400 is in your bank account, because it’s about paying it back on time repeatedly month at the after month, that’s the whole goal, so this was my update video, please like and subscribe.
I’m trying to educate those who don’t know anything about credit, if you start in high school or college or the benefits of it, you don’t need a cosigner when you want to buy a car, if you want to buy a house or anything else, I mean overall is building your credit.
The reason why we have credit is that people can trust us, cash is gold, this video was about starting credit by yourself, so this has been my part, if I’ve been fumbling, but a little over my word happy holidays, put up your Christmas tree, I still got to put some more ornaments.
This is the holiday season, everybody’s supposed to be happy and joyous and not miserable and having good credit can make you be more festive during this season, it’s your boy, l sign off Mr. good addiction how to build credit, how to start creative, how to maintain good credit and how to be responsible, you all have a good Christmas, have a Happy New Year, you are all be blessed and I’ll see you next year in 2018.