Who here in Miami for the event with me

real shit. yall openin secured cards thinkin once ur credit clean enough they gonna automatically upgrade u to unsecured n send ur deposit back. nah. most secured cards in the game are designed to NEVER graduate. ur $200, $500, sometimes $2k just sittin there permanent collateral. heres the deal. when u open a secured card the bank holds ur deposit as collateral. that deposit IS ur credit limit. so $500 down equal $500 limit. for some banks perfect 24 months of payments. low utilization. clean file. they STILL gonna keep ur deposit forever. unless u close the card. and closin it kills ur age. the banks that ACTUALLY graduate u (deposit comes back. card stays unsecured wit ur whole age preserved): . Discover It Secured. they review at 7 months automatic. cleanest path in the game . Capital One Platinum Secured. graduates around 11 to 13 months if u clean . Bank of America Secured. 12 to 18 months on the clock . US Bank Altitude Go Secured. reviews monthly after the first year the secured cards that LOCK u in (deposit held til u close the account and lose all that age): . Open Sky Secured. famously never graduates. they make it a feature . First Progress secured cards. same trap . Self Visa. tied to a credit builder loan. different game completely . most local credit union secured cards. they aint built to upgrade the play if u about to open a secured card right now: first. only open one from a bank wit a known graduation policy. Discover and Cap One the cleanest second. pay it down BEFORE the statement closes every month. keep utilization under 9 percent. peep the AZEO post i dropped a while back third. set ur calendar for month 7 if Discover. month 11 if Cap One. log in n peep ur account. if it aint auto graduate u CALL n ask for a review fourth. once it graduates ur deposit hits ur bank account in 5 to 10 days. card stays open. ur credit age preserved. clean the play if u STUCK in a secured card that aint never gonna graduate: first. dont close it til u got another card established and reportin clean

I recently paid off a car loan and I'm doing self credit builder loan to have a mixture on my credit, my question is does Klarna also count as a loan I see it comes up on credit report, and I make all my payments on time.

real shit. yall stay focused on payin debt OFF thinkin its the move. then u finish off ur car loan or ur Self credit builder loan and ur score drops 30 to 50 points the next month and u sittin there confused askin wat happened. heres wat happened. ur credit mix is 10% of ur fico score. bureaus wanna see u jugglin BOTH revolvin (cards) AND installment (loans, autos, mortgages) at the same time. when u close out ur LAST active installment loan ur file got nothin but credit cards on it. mix takes a L. score drops. worse than that. ur installment loan utilization was prob 20 to 30% by the time u paid it off. low. healthy. fico loved that. now its 0 cause u dont got one no more. and a paid closed account stops reportin new positive data. it just sits there frozen. most people learn this the hard way the month they think they done celebratin. the play. BEFORE u kill that last installment loan: first. open a brand new credit builder loan somewhere else. Self. Kovo. CreditStrong. SeedFi. any of em. like $25 a month. no hard inquiry to start. takes 5 mins second. let that new account post to all 3 bureaus. usually 30 to 45 days. now u got an active installment loan on ur file ready to take over third. NOW pay off the old one. the new one keeps ur installment mix alive AND keeps positive data flowin into ur file every month fourth. if u about to apply for a mortgage or auto in the next 6 months. time this even tighter. u DONT want ur installment account hittin 0 right before a lender pulls u real talk. ive seen people stack a 720 then pay off they car loan thinkin they bout to hit 750. dropped to 680 instead fashoo. same person if they kept a $25/mo Self loan runnin in the background woulda smoked thru 750 easy. the broke advice is pay it all off. the real game is keep the right kinda debt active for the score. two completely different plays. anybody about to pay off a car loan or builder loan in the next 90 days? drop the lender below n me and my team gonna tell u the exact move so u dont fumble the score 👇

@Hoodrich Credit can u make a list of all the pre approval/soft pull app cards u recommend (that give high limits) and what bureaus they pull from?