Skip to main content
Stesso

Prioritize Payment History (35%)

1:00
1:23
6.6K views

At 1:00 in

Money Monday credit score

Watch on YouTube

What happens here

The video concludes by addressing the most critical factor: 'Payment History,' which accounts for 35% of your credit score. The advice for this component is simple and direct: 'Just don't pay your bills late.' Ensuring that all payments are made on or before their due dates is paramount to maintaining a healthy credit score. This is presented as the biggest pillar of good credit. The speaker then uses a hammer to remove the final and tallest wooden block, labeled '35% Payment History'.

Goal: Maintain a perfect record of on-time payments to maximize the most significant component of your credit score.

Tools and materials

  • Hammer — Used as a prop to visually 'remove' the credit factor block
  • Wooden Block — Represents the 'Payment History' component of the credit score
  • Bill Due Dates Bill Statements — Dates by which payments are required

What they say

Hide

that is fine, but banks like to see under 10. So, if you have a thousand dollar max limit, keep it under a hundred. Let's move on. And the biggest thing that makes up your credit score, payment history. Just don't pay your bills late. When they're due, they're due. So, there you have it. Pay your bills on time, keep your balances low, and let time do the work. It's Monday, I got stuff to do. I'll catch you guys later.

Auto-generated from the video audio.