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I just spent one month analyzing 100 individual credit reports with a perfect 850 credit score and today I'm gonna share the five similarities that I noticed to help you get that perfect credit score and save hundreds of thousands of dollars.

After spending countless hours spent on this, I noticed five similarities across a majority of these individuals which are the age of their credit, how many accounts each of them had, their higher credit limit than the national average, their lower balance than the national average, and an increased credit mix. Now if you're familiar with how your credit score is calculated then you probably recognize that those five similarities correlate to the five major variables that are used to calculate your credit score which would be your payment history, the amount owed, the length of your credit history, new lines of credit, and your credit mix.

But that’s all-cookie cutter information and today we are shooting for perfection so taking a closer look at those five similarities, across all the individuals with perfect credit that I looked at, a majority of them have at least one account that is 25 years or older. The second lesson is also fairly obvious but that is…do not close old credit accounts unless you absolutely have to.

On average these individuals had ten or more lines of credit actively on their report and that included a mix of credit cards, mortgages, and a wide variety of consumer debts. Now this is where I have to walk a fine line personally because I feel that you never want to take on any kind of debt that is not being used to leverage your money towards an appreciating asset.

Just in credit cards alone, I noticed that most of them have a total available credit of over $100,000 which is hard to wrap my head around considering the national average credit card limit is just $22,000. Now the average Utilization in the US is 25% which is okay but the perfect credit score individuals I looked at had an average debt utilization of less than 1% and they achieve this using a little-known credit card loophole! When it comes to credit cards specifically, there is a day each month that your statement is processed and whatever the balance is on your card on that day is what will be posted to your statement. But as long as you know what day of the month that statement is processed, you can and should pay off your card prior to that date.

0:00-100 Case Studies!
0:38-The BIGGEST Similarities
2:27-Number of Accounts
3:53-Credit Limits and Balances
5:37-The Utilization LOOPHOLE
7:06-KEY Questions to Ask
9:35-My FINAL Thoughts

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