Credit Repair Credit repair is the process of using the Fair Credit Reporting Act to dispute negative items and get them removed from your credit report, resulting in an increase to your score. I work with my clients to show them how they can do this on their own or hire a low-cost law firm to [...]
What’s the difference between “credit rating” (credit score) and “credit worthiness?” How do these two different aspects of your credit affect you? How much money is your debt costing you right now? Many people are overly concerned with their credit score. Many don’t really know how credit works. Even fewer really understand “credit worthiness.” To most it’s a [...]
Welcome to the third and final piece of the credit puzzle… You’re just about to completely understand “How Credit Works” and gain an exact understanding of where your credit is right now. This will help you make your best choice to be debt free ASAP by understanding how each option to get out of debt will [...]
The second leg of my World-Famous “Three-Legged Stool” Analogy of “How Credit Works” is your “debt-to-income ratio”. “DTI” as they call in the mortgage industry. If you’ve ever gotten a mortgage or refinanced your home, then you know the mortgage folks are very interested in your debt-to-income ratio. Remember, debt-to-income ratio is the amount of money that you’re [...]
If credit is like a three-legged stool, then the first leg of your credit is your “payment history.” Payment history is simply a record of how well you’ve made your payments; if you’ve been on time or if you’ve ever been late. Payment history is the most common factor people think of in regards to keeping [...]
I’d like to give you my world famous “three-legged stool” analogy to help you forever understand credit easily. There’s a lot of information out there about credit. You can get into a lot of complexities, but this little analogy is going to make it very simple to see where you’re at now, and how each different [...]
Here’s “what we should have learned in school” about credit. Without this information, you’ve probably wasted thousands of dollars, or worse. Now you’re about to learn exactly how your creditors have been taking advantage of you this whole time, and how to flip the tables to win the credit game. This unique info is unlike [...]
