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( 320898 viewed : 3494 like : 201 comments ) In this video, we’re looking at my recent overnight credit score decrease of 25 points to answer the question of “why did my credit score decrease?” There are really 5 main factors that make up our credit scores which could cause credit score decreases, so in this video we are going to go over all of these. We’ll also talk about a few simple changes that anyone can make that will help you to increase your credit score!

Above everything, to get a good credit score, it’s important to be patient and remember that “slow and steady wins the race.” Several of the credit score factors that we will go over in this video can take time to improve, so it’s important to have a long-term view when it comes to your credit score. However, several other credit score factors can be fixed very quickly in the short term by taking the right actions, so we’ll go over some of those actions that you can take today to boost your credit score.

The 5 factors of your credit score are Payment History, Amounts Owed, New Credit, Credit Mix, and Length of Credit History. This video will cover tips on how to avoid credit score decreases and how to boost your credit score, so hopefully this information will be useful!


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CHECK OUT SOME OF MY OTHER VIDEOS:

▶️ Top 7 Credit Card Hacks That ACTUALLY Work: [ 🔗 Click ‼️ ]
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CHAPTERS:
0:00 - Intro
0:32 - New Credit
2:36 - Why My Credit Score Decreased
4:28 - Credit Utilization Example
6:31 - Age of Credit
9:41 - Credit Mix
11:09 - The Most Important Factor
13:14 - My 3 Biggest Tips
14:24 - When To Pay Your Bill


DISCLAIMER: Some of the card links and other products that appear on this website are from companies which Daniel Braun will earn an affiliate commission or referral bonus. Daniel Braun is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.

The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

More Videos From My Channel: [ 🔗 Click ‼️ ] [ 2023-10-28T19:00:02Z ] :flashminiupdate:2025-10-22

:::: Visit my YouTube channel @ Original Cr. ( [ 🔗 Click ‼️ ] )


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