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The Worst Credit Cards/Why Low Limit Credit Cards are Dangerous/Credit Cards For Dummies GizzyCredit

4,382 views · Published 9 April 2018 · 8:18 · Indexed 24 October 2026

Channel: #GizzyCredit · 2018 · Education

Many of you call me telling me you need credit repair because you have too many inquiries on your credit report. At times, the inquiries aren't the issue, it's the credit utilization on your credit cards that is mostly hurting your credit scores. Many of you have new credit cards and you go to the credit cards companies who offer you credit with low limit credit cards. These are the worst credit cards to have as they can be easily maxed out and if they are new credit cards, meaning in the last 6 months and if they get maxed out, they can really hurt your credit scores. Many think that inquiries are what's causing your credit scores to tank but in actuality it's you being maxed out on your new credit cards.

At times, the issue it easy to fix, especially with low limit credit cards. All you have to do is pay down your credit cards by the reporting date and once it updates on the credit report, your scores will change. This is why your credit scores are based on what you are currently paying on right now, if you are maxed out or not. Usually, if you are maxed out, your credit scores can be in or around 690 to 710 credit scores. If you owe 10 to 30 % of the credit utilization, you will be in or around 720 to 740+ credit scores. The issue with this customer is that he is over extended on his credit cards by 157% and that will def bring your credit scores down. Look at the videos around 4:00 minute mark I talk about why his credit scores are down on 2 bureaus (experian and Transunion) and why they are higher on equifax.

Again, if the low limit credit cards are easily paid down, we suggest you add higher limit credit cards to have more of a fuller "thicker" credit file and once those tradelines are on your report and give you a boost in credit scores, then you can go and get higher limit credit cards. These are the things you will learn if you purchase our $99 do it yourself credit card funding system, it will teach you:

You will learn:

1-How the finance companies come up with the amount they are willing to lend to you

2-How they come up with the scoring algorithms between authorized user or primary accounts.

3-What your creditreport needs to look like in order to get approved

4-Some Experian/Transunion/Equifax ONLY lenders

5-It also details what specific cards to apply for that are the high limit cards.

6-Also, some bad credit lenders as well!

7-Learn the equation of how the lenders come up with giving you a High Limit #CreditCard

8-Get support from the website's online forum, you are not alone!

9-Best of all, no backend FEE!

Remember that these are tools that have been working for years and they stay the same.

I know that I have a responsibility being online in teaching you, my subscribers, how things work with credit and I know i'm the source you come to for this type of knowledge.

If you want more videos on this topic, please SUBSCRIBE to the channel and click on the BELL so you never miss another one of my videos.

I get many business owner who have low limit credit cards and they finance their own business. At times, being maxed out on your low limit credit cards can prevent you from financing a Car, Financing a Home, Financing your business. This is why the best thing for business owners to do is to start building business credit. Eventually, we want to have our business finance our business debt, not us. This is the best way to prevent a personal bankruptcy. In today's time, we all must learn how to play and learn how the finance game works.

We also do credit repair and have been taking on customers since 2009!

We can remove and you can see from my previous videos and results:

HOWTO REMOVE LATE PAYMENTS
HOWTO REMOVE NEGATIVE ACCOUNTS
HOW TO REMOVE COLLECTION ACCOUNT
HOW TO REMOVE PUBLIC RECORDS
HOW TO REMOVE-tax liens, bankruptcy, Judgement, child Support
HOW TO REMOVE CHARGE OFF ACCOUNTS
HOWTO REMOVE REPOSSESSIONS
HOW TO REMOVE STUDENT LOANS

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gizzycredit.com 973-440-8661 [email protected]

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The Worst Credit Cards/Why Low Limit Credit Cards are Dangerous/Credit Cards For Dummies GizzyCredit

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