The following is a concise summary of the video transcript:
The video is about how to achieve a perfect 800 credit score by understanding how the credit scoring system works and applying some strategies to improve it. The video covers the following points:
- The credit score is based on five factors: payment history, amounts owed, length of credit history, types of credit, and new credit inquiries.
- To boost the score, one can become an authorized user on someone else's account, pay down the balances, use Experian Boost to add phone and utility payments, remove late payments and delinquencies, keep old accounts open, and avoid paying for credit repair services.
- The video claims that this information can save thousands of dollars in interest and fees, and that getting a perfect score is possible for free with no annual fee credit cards.
- The video also asks the viewers to like, subscribe, share, and follow the creator on other platforms.
Here are some key facts extracted from the text:
1. The text is a transcript of a YouTube video by Graham Stephan about how to get a perfect credit score.
2. The credit score is calculated by five factors: payment history (35%), amounts owed (30%), length of credit history (15%), types of credit (10%), and new credit (10%).
3. The text provides six strategies to improve the credit score: becoming an authorized user, paying down balances, using Experian Boost, removing late payments and delinquencies, keeping old accounts open, and avoiding credit repair services.
4. The text claims that a perfect credit score is 800, but anything above 760 will get the best rates and terms from lenders.
5. The text promotes a free stock offer from Public, an online brokerage platform, and asks the viewers to subscribe, share, and follow the author on Instagram and his second channel.