Learn how to increase credit score fast without spending thousand of dollars paying to attorney or credit repair clinics. The answer, as you probably guessed, is you can now fix credit score yourself. A higher credit score can save you thousands of dollars. Both requires a different approach a.k.a “The Insider Techniques”.
Understanding The Insider Techniques
“Credit repair” is simply the name given to the process of improving your credit score, and removing incorrect items from your credit report.
Insider Techniques involve strategies known as :-
The insider techniques tips are provided by Consumer Publishing Group, which publishes the Credit Secrets Bible (in print since 1994 and updated each year).
United States citizens are rich with “buying power” but poor in the knowledge and financial intelligence that tell us how to use it. This might be why over half a million people (597,965) filed for Bankruptcy in 2006.
Most people don’t realize that they are “knowledge-poor” in the area of finances and credit until it’s too late. By the time most of us are aware that we lack financial intelligence, the damage has already been done. This is why understanding credit and credit-repair is so important. For many people, credit repair should be the first step that they take towards a better financial future.
Credit Secrets Bible’s insider techniques have helped hundreds to raise their credit score with simple action plan and tips.
DO YOU KNOW THAT…..?
The credit report banks and businesses get to see has about TWICE the financial information compared to the credit report you receive from the credit bureaus? That’s right. In most cases, the credit bureaus send a much more detailed report to businesses than they send to you. A bit deceiving, isn’t it?
This is why banks and businesses (except mortgage lenders) will NEVER give you a copy of “your” credit report. The credit system is full of “little secrets” like this. Most people find them frustrating.
Credit Secrets Bible will show you how to take each one of these secrets and use it to your advantage.
Tips #1 – LOWER DEBT TO CREDIT RATIO
“I have excellent credit, I pay all my bills off in full every month!” This is a false belief for one to buy into and understanding your debt to credit ratio holds the key to getting your “credit mindset” right.
For example, if you have $10,000 in total unsecured revolving credit accounts and you’re currently in debt $2500, then your debt to credit ratio is 25%. Since the main way lenders make money is by charging interest, one of the elements of the credit scoring model is driven by your ability to maintain balances and pay over time. This shows your true (long term) credit worthiness which is most profitable to lenders since they make money primarily via interest and not annual fees.
If your debt to credit ratio is high, you can bring it down without selling everything you own. The next tips will explain it.
Tips #2 -Sub Prime Merchandise Cards
Sub Prime Merchandise Cards can be used to increase high credit limit and decrease their debt to credit ratio. A lot of people misunderstand the benefit of this card due to marketers misrepresenting the cards and the growing number of companies promoting them. When you learn how they work one quickly understands why they have been the subject of much misrepresentation.
Credit Secret Bible have explain in details and here how it works: if you get a $5,000 card and you finance $500, on your credit report it will look like any other credit card and will do three extremely important things for you.
i. It will increase your current “High Credit Limit” by $5,000 almost overnight.
ii. By carrying a small outstanding balance it will positively impact your credit report by building and showing potential lenders your credit worthiness.
iii. With a good payment history you are virtually guaranteed to receive “legitimate” pre-approved credit offers in the future due to other lenders renting your name from the credit bureaus.
This technique is hard to beat for both cost and effectiveness. The whole key is knowing exactly which cards report to the credit bureau and offer the best rates.
Tips #3 – Piggybacking
Piggybacking is not used by nearly as many consumers as it should be. Although it is easy, effective, and extremely fast. Unfortunately, it’s mostly used among parents and siblings while those who can really benefit stay in the dark. You can easily benefit by being an “Authorized User” or “Secondary Account Holder”for a credit card holder.
For an example, if your fiancee holds a credit card with a $10,000 limit which has been paid as agreed for the last 10 years, then that complete history will be posted to you if you are the authorized users’ credit report. As you can see, this strategy is usually only used by parents and their reaping credit wise! In fact, in recent years, due to its’ effectiveness, this technique has led individuals with excellent credit scores to “rent out” authorized user accounts on one or even multiple credit cards in return for a fee!
Learn more tips on how to increase credit score fast with all the secret of insider techniques such as advanced credit profiling, deposit loan programs and many more.
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