What is the big deal about this three-digit number? This number dictates your jobs, dictates your interest rate, whether you can get a credit card, whether you can get a house, whether you can start a business, whether you can get furniture financed, equipment financed, being able to get into a better area. Think about it guys, this is a three-digit number and it’s called your FICO score.
For you guys that don’t know what that is, it’s the most powerful three-digit number in your life.
Let me share with you today three hacks to raise your FICO score, fast!
We’re going to get right into it, but first I’m going to tell you a story.
In 2013, I found myself unemployed, got laid off, the company went to Charleston, South Carolina.
I’m in Jacksonville with my family, I said, “You know what? I’m not going to Charleston, South Carolina.”, because the family was here, so I decided not to go.
That was before this company, but I found myself at a 549 credit score because I was unemployed and couldn’t make the payments.
I can relate to each one of you guys in how this happens.
How does your score…
I talked to so many people, they’re like, “My score used to be… My score used to be…” We can get it back.
Every day I’m bringing videos to you guys to help you do little things, little nuances, little tricks, little tips and little hacks that you can do to raise your credit score.
Today I’m at an 818 credit score.
It is possible with dedication and anyone who tells you it’s not, is straight lying to your face, but here’s what you got to do.
It is going to take a few things, and a few tricks, and a few hacks that you can go, “You know what? Let me try this thing.”
That’s why I’m bringing it to you guys.
So every day you could do something different to change your mindset, to change your credit score.
The first hack that you need to do is you need to get your credit report, annualcreditreport.com, three-bureau credit reports and what I want you to do is I want you to challenge anything.
Pull it up and print it out and challenge anything that does not look correct.
I’m saying incorrect, unduly unfair, misleading, maybe the numbers are wrong, maybe their addresses are wrong, maybe you forgot about a late payment, maybe you didn’t know about the late payment, maybe you didn’t know what a charge off was, maybe you saw something on there that should’ve been taken off, but has not been.
What I want you guys to do, is get your report pulled and send a letter to the credit bureaus saying, this is not mine, remove or we will have a lawsuit.
If you believe that it is incorrect on your credit report, it is the credit bureau’s job to send out to the creditor to say, is this theirs or is this not?
If the creditor cannot verify that information, the credit bureaus have to legally remove it.
Why would you not try?
I’m not saying go and just dispute everything on your credit part.
What I am telling you, is that you have the legal right to challenge anything that you feel is not correct on your credit report. So challenge it and see the verdict.
Hack number two, you guys should be doing debt consolidation.
Let me tell you what I did and this is the way I’ve really just started building up my credit fast.
I had seven credit cards and I had a few loans, and I was paying very high-interest rates.
Remember, I’m at a 549 credit score, my interest rate was nearly 30%. What I did was I’ve reached out to debt consolidation and what that basically means is you’re going to get a loan.
This is an installment.
Remember, revolving accounts affect your credit score more than installment.
So what I would like for you to do, and this is exactly what I did, I took those seven revolving accounts and those two loans and I put them into one jumbo loan.
I actually got my percentage down to 13% with this loan, which is significantly better than I had across the board and you don’t have to worry about making 15-20 different payments and on top of that, it’s very easy to miss payments when you have that many credit cards or that many loans.
So jumble it up, do one installment.
This is going to raise your scores dramatically when you do this.
Get it into one and then just make that one payment, because it then turns all those revolving into installment and in one easy payment.
Hack number three, pay for deletion.
A lot of these, if you go through your credit report, you will see that there are a lot of accounts that are on your credit report that may be a charge off.
Remember this, creditors just want their money.
They don’t even care if it’s on your credit report.
They just want their money.
So what I would do is I would reach out, this is what I did, I reached out and I said, “Look, I went through hardship.
I’m willing to make the payment in full in the next two to three months, but only if you guys agree to remove it from my credit report first.”
What I want to make sure you guys know is that you better get that letter or email first, written, saying, “Look, if I pay it off in the next 90 days, you guys are going to remove it from my credit report?”
Pay for deletion.
They want to make sure, and you want to make sure, that you get that letter because when you get that letter, it’s golden.
Now you just have to fulfill your obligation and make sure it’s paid off.
They will remove it from your credit report, in writing and you have it if you make the payment.
Usually, two to three months works very well.
Again, they just want their money because the original creditor wrote it off and now it’s just a charge off. At that point, man, they’re just like I want to get something out of the deal.
They don’t care if it’s your credit report, they want the money, so make an arrangement with them.
Very important, we are now coming up to the end of 2019.
Right now, whether you guys like, and we’re not going to get into politics, whether you guys like Trump or don’t like Trump, whatever the case is, I’m going to tell you something. The economy is extremely strong. Job employment is very, very low. The housing market is booming. Companies are booming.
People are making money, people are happy.
Why would you not want to fix your credit now before that economy tanks?
You want to keep your cash, because when the economy tanks, you will need it.
My recommendation and this is just a tip outside of the hacks, is to get your credit fixed today.
Stop putting it off.
Invest now and say, “You know what? I don’t want to have bad credit anymore. I’m tired of having bad credit.”
When is enough, enough?
When is your why going to be big enough?
When you’re like, “You know what? I need to get this done and nothing will stop me from doing this.”
I’m going to give you guys a bonus.
The fastest way and I didn’t know this in 2013, but today I run and operate the largest tradeline company in the United States.
What you want to do, if you want to raise your credit score fast, is put age.
Age will always trump the credit limit. So getting age on your account, whether you have no revolving accounts, maybe you don’t have any open lines, or maybe you have a bunch of open lines that are new and maybe your utilization is high, or maybe even you look at your average and it’s like a one year or two year.
In order to instantly, the fastest, smartest way, that you can do this, besides those three things I told you, this is much faster, but you still need to do those, is to put an aged tradeline on your credit report.
This is an instant boost to your score because you’re putting all that age onto your account.
Get an age tradeline, do the three hacks and guys, you will be able to get into the sevens.
I promise you this, do what I’m telling you to do.
I did the exact same thing and I didn’t have the benefit of tradelines, because I didn’t know about it in 2013, but today, when you have the availability and you have the knowledge to put an age tradeline on and do a few things with your credit report, it’s game over.
***Call us NOW at (888) 810-2897 or visit mckenzieadams.net to learn how to Protect and Improve your credit RIGHT AWAY***