Bad credit repair doesn’t mean you have to become a credit repair ninja or something crazy like that. To your surprise, I’m sure, you can make big credit score improvements simply with a few easy, simple lifestyle choices.
To start, take a look in your wallet. How many credit cards do you carry around?
The “average” American carries 6 credit cards. No doubt, I am not “average” as 6 credit cards is just plain ridiculous. You and I both know why the average number of cards is 6.
The “average” American can’t seem to say NO to buying “stuff.” The average American, we’re told, is too damn lazy and undisciplined to leave the card in the wallet. Apparently, many believe credit cards mean free money and money “experts” tell you to cut up your cards.
To mean, that’s just plain stupid and disconnected.
Further, we’re told the average American credit card user (stuffed with 6 cards) owes ~$10,200 in credit card debt.
As crazy as all this sounds, I witness this mind-blowing, out-of-control credit card use. Make no mistake, this reckless credit card use steals your money and kills your credit scores.
Here’s why: Besides getting whacked with finance charges for paying just the minimum each month, the balance is killing your credit scores!
Note: Look at your new credit card statement, especially for those of you paying just the minimum. See how old you’ll be and how much money you will have flushed away by paying just the minimum? This article, however, is not about flushing away money by paying the minimum. Instead, it’s about killing (and improving) your credit scores.
FACT: thirty percent (30%) of your credit scores comes from how much debt you’re carrying?
So what’s the big deal, you ask? Let’s ask Susan Hart, a lady who recently contacted me asking for help. Susan needed a new car…and fast.
Turns out, her old car had driven its last mile. Unfortunately, Susan’s credit scores didn’t make the dealer’s cutoff, sending Susan to a “buy here, pay here” car lot. Susan, naturally, had no idea how the “buy here-pay here” car dealers work.
Susan was desperate but she refused to pay 22% interest. Still, she needed a different car. She even had tried credit unions, once hearing it’s easier to get financed through a credit union.
Yes, that’s true – with nearly any bank or credit union with whom you have a relationship. Problem was, Susan had no relationship with a bank or credit union.
Susan needed 60 points to grab the keys to her “new” car.
When I reviewed Susan’s credit reports, I found Susan’s 60 points: 3 credit cards with a combined balance equaling 74% debt to credit. In other words, Susan was using 74% of her combined credit limit. 74%!
Unbeknownst to Susan, she was killing her scores. I gave Susan two choices to get her 60 points.
Within 19 days she was driving off the dealer’s car lot with the car she wanted and the interest rate she demanded.
Bad credit repair does not need to be painful. Typically, bad credit repair begins with assessment – that is, a careful examination of your credit reports. Once I know where you are, I find out where you want to go – that is, what do you want that improved credit demands. I then can help you get the credit you need so you can get what you want. Susan did not have to become a “credit ninja” or read a 1,000 page credit (dis)repair book or outdated ebook. She wanted to know exactly what to do. I gave her specific recommendations. By the way, I also showed Susan how to get the sweetest deal on a car without stepping one foot on a car lot. Susan dreaded the idea of dealing with car salespeople as much as she dreaded bad credit. I helped her improve her credit and score a sweet deal on a new car…without negotiating face-to-face with sneaky car salespeople who play the “good guy, bad guy” games. Contact me now @ www.fixmyuglycredit.com if there’s something you really want that demands improved credit.
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