Credit Builder Secrets 6 Secrets to Improve Your Credit Score Up to 200 Points

JASON WHITE

!2 Copyright © 2018 by Jason White 6 Proven Ways to Boost Your All rights reserved. This book or any Credit Score 100 portion thereof may not be reproduced or used in any manner whatsoever Points or More! without the express written permission of the publisher except for the use of brief quotations in a book review or scholarly journal.

First Printing: 2018

ISBN 978-1-387-48461-4

Witness Riches, LLC 6049 Renaissance Place, STE E, Toledo, OH, 43623 www.the700clubcreditrepair.com

!3 Who would’ve ever thought that a boy who was held back in the first grade would one day become an author? I know who, my grandma Jennie for sure.

I often tell stories and joke about my childhood living with my grandma Jennie, how hard it was, and how she would wake us up at crazy times in the morning to finish our chores before leaving for school. But, what I’ve failed to share about her was how much she believed in me.

Whenever she had a chance to put my siblings and I into an after school program, church play, or community event - she did. When we were bored, she made us pick up a book. Even though I stared at half of those books, the other half I actually read because she had a special interest in my success and literally forced me to read. Or, it was a shoe or telephone flying at my head for not listening. She had great aim.

All jokes aside, I’m grateful for her. Grandma Jennie, if you are reading this book right now, I want you to know that you’re hard work has paid off. Thank you for staying on top of me and never allowing me to settle for just being average.

Every achievement of mine growing up, you told the world before it was actually done. I didn’t quite understand then, but I do now. You believed in me that much. This is just something else you can brag to your friends about. Thank you for everything.

I dedicate this book to you.

!4 !5 Contents 6 Chapter 1: Do You Need Credit Builder Secrets? 15 Chapter 2: Never Settle for Less 24 Chapter 3: Power in a Credit Score 29 Chapter 4: My First “Conscience” Credit Decision 39 Chapter 5: Why is Your Credit So Bad? 60 Chapter 6: What’s Credit You Ask? 92 Chapter 7: Credit Builder Secret #1 118 Chapter 8: Credit Builder Secret #2 124 Chapter 9: Credit Builder Secret #3

130 Chapter 10: Credit Builder Secret #4 135 Chapter 11: Credit Builder Secret #5 145 Chapter 12: Credit Builder Secret #6 151 Chapter 13: This is Key 163 Chapter 14: Greater Things Are 170 Bonus: Do You Need Credit Repair? 175 About the Author

!6 !7

Chapter 1

!8 Do you need Credit Builder Secrets?

Walking into a dealership and leaving without the car you want because you don’t have enough credit history, sucks. Being denied a line of credit because your credit score doesn’t meet their minimum requirement, also sucks. The feeling of being unwanted doesn’t feel good at all and when people suffer the consequences of a poor credit score or not having enough credit history, that leaves them feeling hopeless as well. But even though it may seem like a never ending road of denial, it’s not. I’ve come across many people who are looking for a better way, and a more reliable resource for improving their odds of approval. This is one thing that I love about the human race !9 because no matter how difficult it seems to penetrate progress in life, hope is never lost.

History has proven time and time again that anything is possible, especially improving your credit score. The issue up until this point is actually finding that reliable resource to make that a reality.

What I’ve found is that majority of the people who have good credit fail to realize why they have good credit. They tend to believe the reason for their good credit score is due to just paying their bills on time and often to be the go to advice to credit building. But, the issue is just paying your bills on time doesn’t count it. And if you’ve ever taken that advice in the past, you’ve found that it doesn’t

!10 work. I’ll share more about why that tactic isn’t enough later on in the book. For this reason is why

I’ve decided to do something about it. By the end of this book, you’ll have learn what it takes to not only improve, but maintain your credit score with long- term results.

Since 2013, I’ve helped tens of thousands of people improve their credit scores using the Credit

Builder Secrets I’m going to share with you in this book. Here, you’ll learn that in order to build great credit, you must learn to strategically influence its components to work at your advantage. In order to do this, you must understand exactly which areas of your credit deserve your full attention. That’s where

I come in.

!11 The information given in this book is the difference maker to understanding how to significantly build your credit history and massively improve credit scores. As you continue to read over the information in this book, I’ll be revealing to you the secrets that credit bureaus would rather me keep to myself and subprime lenders would probably pay a pretty penny for me not to publish.

The Credit Builder Secrets shared in this book will put you on a gradual and consistent path for continued success with your credit and finances.

Reading this information will provide you with the knowledge you need to improve your creditworthiness. However, actions are the only requirement necessary to actually have massive

!12 changes with each of your credit scores. So, make sure you take good notes and put my suggestions into play as soon as your creditworthiness allows you to.

Sound like you?

This is not only a guide for individuals with derogatory info on their credit reports, but also for people with little to no credit who need help building their scores (that way they can benefit from good credit too). The Credit Builder Secrets that I’m going to share with you are for people who are looking for ways to improve their credit score outside of just removing derogatory information from their credit report. Your credit report can

!13 range from late payments and charge offs, to judgments and tax lien. But, regardless of what kind of derogatory information is listed on your credit reports, these secrets will help. This is also for people who have used credit before, but lack enough history to establish a credit score. If you desperately want to improve your credit scores, this is the book for you.

It's very critical to your success that you are doing everything within your power to ensure that your credit scores improve. What I’m going to share in this book goes against the grain. There's a very powerful tool that's often misrepresented and under-appreciated when it comes to credit building that will be shared in this book. By the end of this

!14 book, you will learn how important it is to improve your credit and will gain an advantage that many refuse to accept in order to greatly boost your credit. This advantage that I’m speaking off could be the very difference with your credit score improving or it staying the same if you decide to ignore my advice. You’re about to learn exactly what it takes to achieve financial success. So if you fit the previous descriptions, you need to keep reading.

Stop reading if…

If you already have a steady 700 credit score, you’re obviously already doing what it takes. Don’t

!15 waste your time, put this book down or give it to someone who dreams of a 700 credit score.

!16

Chapter 2

!17 Never settle for less

I have a personal mantra that I like to live by that has helped me take my life to another level and

I believe it will help you reach another level as well.

I’ll share that mindset with you soon, but first let me share with you why I feel it’s necessary.

One thing that I really believe is that we all should do our very best to improve our financial matters. Our financial success can be the determining factor on how much of an impact we can have on our family and community. Despite how uncomfortable the topic of money may make you, the reality is that money plays a vital role in our society and deserves to be discussed as such.

Never be ashamed to address your financial !18 matters. The more wealth you have, the more you can do for others.

Before I go any further, let me say that this book is not about money, it’s about credit. However, since your credit has a direct impact on your financial matters, your credit standing does need to be in great condition. With that being said, I feel it’s critical to your success for you to handle yourself in the correct manner from this point in order to almost guarantee your success. That means gaining the right mindset. So, let’s discuss the kind of mindset that I’m very fond of.

How you think about money pretty much governs your financial success. You’re already on the right track by wanting to improve your credit,

!19 but in order to be successful at implementing the

Credit Builder Secrets shared in this book, you must be ALL in. Kind of wanting it isn’t enough. To be

ALL in includes you acquiring the mindset of the

Dough Chaser. When our clients become members of our program, my complete focus is to share information with them that will help them transform the way they think about finances so they can transition into a more fulfilled financial life. The basis of being a Dough Chaser, is of course chasing money, which is important because your financial well-being totally depends on your ability to gain more. Otherwise, you’ll remain where you are, which means money has been lost due to inflation, but that’s another topic so I’ll leave it at

!20 that for now. Anyway, having the Dough Chaser mindset is not just about chasing money, though.

It's more about preparing yourself mentally for constant improvement of financial components that have a direct impact on your standard of living.

Having that kind of mindset will enable you to continue to improve your life and the lives of those around you. But for that to happen in reality, it must first occur mentally. Preparing yourself mentally allows you to be more focused and targets your actions on solidifying your financial foundation because ultimately what you think is what you become. And if your constantly seeking the improvement of the financial components that

!21 impact your standard of living, that’s what you’ll get - constant improvement.

So, as you continue to improve your financial foundation, like working on your credit, real financial success is inevitable. Your credit is the paint, financial success is the bigger picture. That’s what being a Dough Chaser is all about - obtaining financial success. So, as we embark on this journey to improving your credit score, keep in mind that you are also improving your odds for more financial success in your life. It’s important that you remain on this path after you complete this book. Continue to chase your dreams and make them a reality.

There are major benefits of having good credit, your family and community are depending on it. Never

!22 fall victim to complacency and always strive for more. Be a Dough Chaser, never settle.

Use my vision and see what I see

We all tend to look at situations a little differently. Everything is about perspective, right?.

That’s the beautiful thing about life. What else tends to be unique to each individual? Their level of success. Which can also be an ugly thing about life if your perspective does NOT create the results you want. When it comes to credit, your perspective can be the deciding factor of your success or lack thereof. I want you to be successful. So, do me a favor. As you read this book, please keep in mind that your actions are only a reflection of how you think and up until this point, your perspective !23 hasn’t created the best credit score. To better your odds, what I want for you to do right now is put your perspective away. This is important because your current perspective about credit can be a hindrance to your success if you’re not fully receptive to the information that is shared.

From my experience, the average person often gets in their own way because they deny new information that challenges they’re current way of thinking; and since think they know it all in the first place, they refuse the new possibilities. Don’t settle for average because you think you know it all.

You don’t. Instead, read with an open mind and make sure you take good notes because what’s going to be shared in this book will be life changing

!24 for the one that implements its ideas. It’s hard to implement what you first encounter. Knowing this, take notes so you have the ability to come back to the key points shared. I want to help you really improve your credit score, but that can only happen if you look at credit the way that I do - please use my perspective. I’ve helped thousands transcend beyond barriers to a better credit score. My methods work, put your perspective aside and allow my vision to work for you too.

!25

Chapter 3

!26 Power in a credit score

Every day people acquire things using their past payment history as collateral to pay off the balance plus interest over time. This kind of transaction is called leveraging your credit score.

It’s how people obtain things that would have been nearly impossible to acquire since they did not actually have the liquid wealth available to make big purchases using cash. The beautiful thing about the possibility of leveraging your credit is that the opportunity to do so is available to everyone regardless of race, gender, religion, ideologies, etc.

This alone is why credit is power; it gives you the ability to take advantage of opportunities that will results in a higher standard of living for yourself

!27 based off of your past & present ability to pay your obligations overtime instead of at once.

So, what’s the issue?

The issue with the opportunity of leveraging credit is that many people fail to learn how to, or they fail to realize credit can be used as a weapon agains their oppressors. In my opinion, this is one of the huge problems with our society. We are often thrown into pits and given tools despite never gaining the proper knowledge on how to use the tools provided, so we can have a fighting chance to win at this aggressive game. Instead, we blindly assume that the tools available to us are here to help us without giving any effort on our part to truly understand them. Due to our lack of effort, we !28 foolishly use these tools, ultimately aiding our oppressors in defeating us due to our lack of understanding. We don’t even know when we’re getting a bad deal. From my experience, people often don’t recognize what a bad deal is until they come into contact with someone who has the same thing as them, but spent way less to get it. Though, this is very sad and unfortunate, it’s just as much our fault as it is those who take advantage of our laziness. I refuse to hoard my knowledge and watch you walk into a slaughterhouse. In this book, I’m going to share with you Credit Builder Secrets so you can take your power back through acquiring a good credit score.

!29 Throughout this experience, I will also teach you what credit is, how it works, how it’s used against you, and 6 easy to implement Credit Builder

Secrets you NEED to know in order to obtain your credit power. The knowledge you’ll gain from this book will give you an advantage your oppressors would hate for you to have. Why? Well, with your newly acquired knowledge, they will no longer be able to take advantage of you. So, it’s important for you to put each of the secrets that I share with you to action as soon as humanly possible. As you begin to see your score increase because of these ideas and strategies, you will also see how more opportunities open up to you. With good credit, the world will be at your feet.

!30

Chapter 4

!31 My first “conscience” credit decision

It was the winter of 2012, early January I believe. I was driving about 50 mph on an icy freeway listening to the radio as I bobbed my head back and forth. Traffic was slow, but not me. I had places to go, people to see and money to make - well, at least I though so. Ambitiously, I went slightly 5 mph faster than the already slowed traffic. It was just me, my thoughts and my ride.

Then out of nowhere, I LOST IT! My car began to slide uncontrollably and all I could think of at that moment was to pray to God and ask that he get me out of this chaotic situation safely without any harm to myself and my ride. But, of course, Gods plan was slightly different than mine. All I heard !32 next was “BOOM! BOW!” I crashed into a railing and was suddenly facing oncoming traffic as a semi-truck approached me head on. I swear, it was

God’s grace at that moment because the truck slightly smacked the back of my car.

Let me thank God again, “thank you God!” Okay, back to the story... My ride was completely totaled.

Once I made it home, I had to get it together after having a near death experience because life must go on. I was faced with a very interesting predicament at that time. I had no car and was totally dependent on a 100% commissioned sales job. So, my ability to meet with clients was basically life or death (at least that’s how I thought about it).

!33 I adored my now totaled car, but it was time to move on and get another vehicle to call my “new” ride. After only 3-4 hours of frantically searching for a vehicle, I found a dealership that was “willing” to work with me. Ladies and gentlemen, at this very moment my life changed forever.

Side note: My real first experience with credit was in 2007 after applying for Financial Aid for college.

Plus, I opened several credit cards as well during my

4 year college experience. But, I had no idea that credit played a part. I thought it was just something that was given to you when you decided to attend college. Of course, I was horribly wrong. But, this shows how uninformed I actually was. Can you

!34 relate? Do you remember your first experience with credit and how uninformed you were?

Okay, here’s the whole story

The car dealer asked me how much I could afford on a monthly payment. Without even looking over my finances, I replied “About 3 to 4 hundred.”

Budgeting and analyzing my financial situation was non-existent at this point in my life and he surely took advantage of that.

He said great, ”I think we can find you something within that ballpark.” Of course, I was overjoyed! I never would have imagined buying a new car would be this easy! Especially with my current circumstance. He showed me the few cars

!35 they had on the lot that “fit within my monthly budget” (sarcastically) and I instantly fell in love with her - I remember it like it was yesterday. She was a pearly white 2003 Cadillac Seville with shiny rims and a CD player (the cutest out of the 4 cars available to me) and that’s all I needed. I said,

“That’s the one right there.”

We then went into the back so he could “talk with his manager” and we filled out paperwork shortly thereafter. Little did I know, they were going to ask me for a down payment of $1,000 (which I had to borrow) and they also needed to do a credit check. “What’s your credit score,” he asked me. I had no idea and replied, “About average..” Whatever that meant, but I said it with confidence. He pulled

!36 my credit and shared with me that my score was a low 500. Not understanding what that meant, I pushed the car salesman to basically hurry up and tell me what my options were. That’s how ignorantly urgent I was. He told me for the Cadillac

Seville (sticker price roughly $12,000) they could get me in it at $350 monthly for 60 months.

Happily, I accepted because it met my monthly budget and sounded like a reasonable deal. I left the lot with my new ride.

What I eventually learned? Just because you can afford it, does NOT make it a good deal.

!37 How I got played

Okay, so peep this out. Due to my ignorance, I set myself up to pay almost double the actual worth of the car just because I felt the world would end without transportation I had no idea what I was doing. Looking at the math, over the next 5 years I would end up paying $21,000 for a $12,000 car. If you didn’t catch that math, $12,000 would be paid for the car and $9,000 in interest payments. That’s so sad. But, that’s what bad credit will get you; paying 2 cars notes for just 1 car. But, if I had a good credit score; I would’ve been set up to not pay no more than $1,000 in interest payments with a monthly payment under $225 at 60 months. This particular situation is one that millions of people !38 across America also find themselves in far too often.

Remind you of yourself?

There are so many people falling victim to this reality that don’t have to. Maybe you’ve experienced this same scenario. Maybe you’ve been suckered into something worse. Even if this is your history, it doesn’t mean that that’s how your story ends. This was the same catalyst that got me to where I am today, teaching and helping others improve their credit and finances. I’m going to share with you what I’ve learned over the years to help you change the dynamic of your future. The information and Credit Builder Secrets that I’ll be !39 sharing in this book are going to give you a real understanding of how credit works and will help you improve your credit so you never have to suffer from bad credit ever again. Let’s go!

!40

Chapter 5

!41 Why is your credit so bad?

So, I’ve talked a lot about some of the issues with having bad credit, but now I’d like to discuss why your credit is so bad in the first place and how it’s nearly impossible improve on it’s own. First, let’s start off by admitting that in the past you’ve made some mistakes and you’ve owned up to them.

However, just because you’ve made mistakes in the past doesn’t mean they should hurt your ability to progress in the future. My fantasy in this case is that you contact the creditor, make arrangements to fix the issue and get on with life without having to suffer from the derogatory mark anymore.

Unfortunately, it doesn’t work like that. Instead, you make an arrangement and the derogatory mark !42 remains, which means it still has a great negative impact on your credit score. Why is that? Because credit bureaus profit more when your credit is bad.

They also indirectly shun businesses for removing derogatory marks out of good faith. It’s not a conspiracy theory. It’s their business model. Let me break this down for you from the very beginning of the food chain.

When you think about the credit industry and how money is made, realize that some of their largest gains comes through taking advantage of consumers’ ignorance. Yes, it’s through your ignorance that so many businesses end up making major bucks. Let me explain.

!43 Have you ever heard of subprime lenders?

These are lenders who provide loans and lines of credit to people who have bad credit, but at a high price. The people who fit their targeting criteria pay these companies a lot of late fees and interest payments. This particular group profits BILLIONS of dollars off of consumers who have bad credit; and the reason they thrive so much greatly is because they’ve partnered with private organizations who’ve strategically increased the odds of you and I having bad credit. If you’re able to connect the dots, you’ve concluded that the mysterious private organizations that I mentioned are indeed credit bureaus (mind blows).

!44 Let’s talk about these “partners” of subprime lenders. You may be thinking right now that it doesn’t make sense for credit bureaus to be partnered with subprime lenders. Aren’t they a part of the government? No, they are actually privately owned companies who have a huge interest in you having bad credit. Credit bureaus are institutions that gain information about you from their clients.

Their highest paying client are companies that use that information about you. So in case you thought that credit bureaus were here to serve you, let me clarify; you are NOT their main priority. The main purpose of credit bureaus is to provide information about our behaviors to businesses that gain from knowing. The more information they can provide

!45 about you, the better odds of them staying in business. But, since lending institutions make more money off of late fees and higher interest rates, wouldn’t it make sense for the provider of the information that dictates their credit worthiness to set it up where their true client benefits? More simply put, it makes a lot of sense for credit bureaus to increase the odds of derogatory information to hit your credit report and make it hard for it to be removed. About 75% of credit reports have inaccurate information. So, 3 out of 4 people are suffering from credit bureaus erroneously reporting information on their credit report that’s hurting their credit. Do you see how this is going full circle?

!46 So, the credit bureaus acquire information regarding our payment history and sell it to lenders

(their true clients) who use it to capitalize off of us

(the consumer). Here’s how they do it. Credit calculating organizations uses information shared by the credit bureaus to assess how much of a risk you are through a credit score, which is ultimately shared with the lender. The lender now uses that score to decide whether or not you qualify and at what interest rate. Credit bureaus allow erroneous derogatory information to hit our credit reports, which corners us into the subprime market due to our worse credit score. Is that coincidence? I don’t think so.

!47 The biggest point I want you to take away from this section of the book is credit bureaus are not worried about you, they are worried about keeping their true clients (businesses) happy and they will do everything within their power to help them more. Even if it victimizes you.

Diving a little deeper

I briefly covered credit scores in the previous section, but lets dive a little deeper into that topic because it too plays a major role. The information that bureaus acquire from lenders regarding your payment history is computed using mathematical algorithms to predict future consumer behavior.

Again, the bureaus job is to just provide data since they are an information company. Your credit !48 scores are actually computed through organizations that specialize in analyzing the data provided by the credit bureaus and then relaying those findings in the form of a numerical number which reflects your credit worthiness. You’ve probably believed up until this point that credit bureaus were also in control of computing your credit score, but as you can see that’s not the case. They just hold the information that influences your score, which you’ll learn is most important. Anyway, the publicly accessible information that shares how a credit score is made up is very vague. Therefore, it’s nearly impossible to dictate exactly how much of an impact the different kind of information reported about you can actually have on your credit scores.

!49 However, we as the public are provided the components of a credit score so we can at least try to influence its growth, it’s just that no one knows how deeply each component is influenced by particular information because the source is patented and kept private. It kind of reminds me of the family secret recipe that everyone loves, but your grandma won’t share the actual ingredients to the recipe but won’t tell anyone because she’s afraid that sharing them may change her importance to its’ tradition. At this point, since the recipe is kept a secret, grandma obviously doesn’t want anyone to have it, right? This is ultimately what credit score computing organizations are trying to accomplish as well. And for this reason,

!50 they are the giant forces holding you bound to the bad credit struggle.

Another thing about credit score computing organizations, they provide many different credit scores which makes it hard for consumers to figure out which one to focus on (and what to do to improve it since that information isn’t fully provided). Yes, there are many different credit scores for different kind of purchases. If you’re looking to purchase a home, there are different credit scores for that. If you’re looking to buy a new car, there are different credit scores for that as well.

If you’re looking to obtain a credit card, there are also different credit scores to determine your credit worthiness for that. The list goes on. This is another

!51 problem because if you were to assess bad credit by simply judging a credit score, it’s nearly impossible to figure out where you really stand because what one score reflects doesn’t necessarily mean another one will. Plus, popular algorithms range across the board and since there’s so much competition between these providers, they protect their competitive advantage through patenting their formulas to prevent duplication and remodeling.

Basically, this means that they’re not going to share the exact breakdown of their algorithms with anyone.

But the good news is that they do share with us basic components of your credit score and the projected impact percentage each one has on our

!52 scores. Again, they do not provide the full breakdown of what information is used in each component and how much that information in each component affects the total percentage. But, this is what we have to work with and what we must do is our try to gain some kind of advantage using the very small amount of information provided to the public. Here’s even better news. Since your credit scores are only a reflection of what’s shared on your credit reports, instead of focusing on your credit score, placing your focus on the content of your credit report will ultimately result in a better credit score. This is key because as your credit report improves, so will all of your credit scores.

!53 You have my permission to use me

Shortly after financing my first car, shit hit the fan like never before. My job was 100% commissioned and I failed to make sales for 3 months straight. Okay, let me restate that. I made sales, but every time a sale was made there was also a chargeback on the life insurance policies that I recently sold. So, even though I was working my ass off, my hard work was in vain because my clients were also struggling to pay their bills or they simply sucked - I choose the former predicament. The reflection of that in my life meant rent was unpaid, which almost got us evicted, but thanks to my mother in law, she fronted us some money that really helped us. Thanks Mamita. Also, my car note !54 was unpaid and it got repossessed (at work), that was so embarrassing. All of our bills were delinquent, so cable and the internet got shut off.

My savings was even shot. The $20 I had put aside somehow vanished too. So, as a result of all of this negative payment history, my credit score tanked badly. Oh, and to make things worse, my wife and I were newlyweds and had only married less than a year at this point. One of the worse feelings in the world is when your soulmate gives you a look of disappointment. I felt like I read her mind, “What did I get myself into marrying this fool!” I remember like it was yesterday and it sucked.

Thank God we didn’t have any children yet.

!55 I was stuck in between a rock and a hard place.

But, despite all of the negativity that was going on in my life (everything had pretty much been lost) I knew I had nowhere to go but up. I’d actually experienced worse before, so I understood that my situation wasn’t as bad as it seemed to be.

With that realization and shift in my mindset, I set out on a mission to learn how to improve my financial condition. I acquired a major deal of knowledge through books and mentors. I had no idea what I was doing and I knew that if I never wanted be in that position again, I needed to learn something new from people who had the results I wanted. I began to learn & implement principles to improve my money management and after many

!56 trial and error experiences, my finances began to soar like never before and so did my credit score

(Bars!).

This experience also inspired me to start my own financial improvement company back in 2013 and ever since, I’ve helped thousands massively improve their finances. I’ve made it my mission to help people who are suffering like I was change the dynamic of their future by shifting the way they viewed and managed their finances. Out of my struggle not only was it the catalyst to my progress, but it was also the revealing moment of my life’s purpose.

Now, you may have had your experiences with self proclaimed “credit experts” and “financial

!57 gurus” that failed to help you. But, the difference between me and the rest is before I recommend anything to my clients, I make sure that it’s tested using my own credit first. That means I’ve purposely hurt my credit many times just to improve it again using strategies that I’ve learned or developed. Matter of fact, I recently added a couple of late payments to my credit report just to test out some credit repair strategies I’ve been working on. I’ve also tested with inquiries that are reporting to see how quickly I can get them removed. My goal is to not only sound like I know what I’m doing by sharing strategies and theories with you, but to also make sure they are tested and proven. Through many years of acquiring

!58 knowledge and applying my strategies, I’ve learned how to really impact credit reports to influence major credit score increases. I can assure you that you’re in good hands. I can’t wait to prove it to you.

4 Cups of Sugar

The formula that results in the highest success rate for lenders will dominate the marketplace. So far, 90% of lenders use the Fico algorithm to determine your credit worthiness, and they’re dominating for a reason. That reason is that they’ve helped companies achieve their ultimate desire: more profit. So, to better assist you we will be using their information as the foundation to

!59 build from. We will talk more about “how to” when we begin strategy talk.

Say it with your chest

But, before I share Credit Builder Secrets with you, I need you to understand that credit is nothing to be scared of. Yes, up until this point it has been used in a predatory way against you. But, that’s due to you never having credit broken down to you in way that enables you to actually learn how you can use it for your own advantage. Credit is just another financial tool that can be used to build something beautiful. So, instead of trying to avoid the inevitable use of credit, use this book to gain an understanding and advantage that others refuse to

!60 acquire. Are you ready to get your credit power?

Let’s go!

!61

Chapter 6

!62 What’s credit you ask?

Credit is simply the option to obtain things before full payment, based on the trust that on- time payments will be made in the future to satisfy the loan. Credit can definitely be a difference maker in improving your standard of living if used strategically. Compared to just using cash for your purchases, it gives you the ability to cut the timeframe dramatically when anticipating your desires. The great thing about credit is it’s available to everybody. No one can deny you credit if creditworthiness matches their requirements.

Though it has a negative stigma because it means that debt would be acquired ultimately, if used properly, credit can be a powerful tool to reaching !63 your goals a lot faster. The difference between if it’s a negative thing or positive one is if you’re responsible & wise about your decisions.

But for one to utilize their credit wisely, means they need to do so without being taken advantage of if they’re credit is bad. To avoid this, you must build it up and in order to do that it’s vital to understand what your credit is comprised of and how it’s impacted so you can influence those components positively and to your advantage. This way you’ll avoid being taken advantage of because your credit won’t allow horrible terms.

!64 You ain’t got all the answers SWAY!!

First, what we must do is understand how your creditworthiness is dictated. Your creditworthiness is based off of information that’s shared about you with Equifax, Experian, and

TransUnion concerning your payment history from lenders. Those findings will impact future lenders decision to approve you. I like to say that credit is nothing but an adult report card where past and current lenders share how well you’re doing at paying your bills.

Before we go any further, it’s important to know that there are over 70 credit scores that you can possibly have. The information that I’m going to share with you on how to build your scores will !65 positively impact each credit score you have. The only thing is depending on which algorithm is used to determine your credit score, it may not impact it as much as it would the others (FYI). Again, depending on which algorithm is used to determine your credit score, it may not impact it as much as it would the others. But remember, since your credit is only a reflection of the information on your credit report; the more positive information we add, the more your score will increase.

5 Credit Score Components

Of the many credit scores, they are commonly impacted by the following components:

1. Payment history -35% generally

!66 2. Credit utilization - 30% generally

3. Length of history - 15% generally

4. File mix - 10% generally

5. Inquiries -10% generally

First, we have payment history which is your ability to keep your word by paying your credit lines on time. Since this is a huge indicator of how you manage your money, it impacts your score the greatest. Up to 35%. On time payments impact this specific component of course, but so do late payments, charge offs, and collections. So, when it’s all said and done, you want to do your very best to making sure no bill goes unpaid ( even if you can only pay the minimum due). The last thing you want is for your score to be negatively impacted

!67 because you never paid your bill. I highly suggest looking into setting your bills up for autopay that way if you do forget, they pull it despite your memory loss.

Second, we have credit utilization. This is simply the comparison of the balances of all your revolving debts to all of your credit limits. This component is not looked at individually, but collectively. So, you want to make sure your total balances add up to still be lower than your total limits. The lower that percentage, the less dependent on debt you’ll seem to credit bureaus which will result in an improved credit score once your utilization is under 30%. This component is misunderstood more often than you would think

!68 because the power of revolving debts’ impact on your credit score is pretty much unmatched even though it’s the second greatest contributor to your credit score alone.

Thirdly, we have length of history. This component expressly shows how much experience you have at managing credit simply based off how long you’ve been dealing with it. You want to protect your experience age as much as possible.

Make sure when applying for credit that you do your best to avoid opening too many accounts at one time. The more you open new line of credits within a short period of time, the greater a negative impact it will have on your image because it directly lessens the average age of your accounts. The more

!69 experience you seem to have (negative or positive experience because time is time), the more likely your score is to improve. Do your best to grow this portion of your credit.

Fourth, is your ability to manage different kinds of credit, also know as your credit file mix.

There are 3 different kinds of credit: installments, revolving, and open accounts. As you are building your credit, managing different kinds can definitely help you because it shows you have a better understanding of managing your different bills compared to users with only one kind of account reporting. This is very helpful to your growth.

And lastly, we have inquiries. One of the most daunting things many of us go through is have to

!70 apply for new credit when we don’t know if we’ll get approved on the first try or with the initial lender.

The worst feeling you could ever have in this area is to not get the point. Meaning, you fail to accept

“no” and continue to apply regardless and rack more and more useless inquiries. The use of

Inquiries should be very strategic because they can add up in a short time if you’re not careful. You should only apply for a line of credit when you need it and your odds of approval are very high. To know this means research will need to be done. My first suggestion would be to ask which credit bureau do they use to determine your credit worthiness. If your particular score with that credit bureau isn’t good or ideal, consider improving that score before

!71 you apply. You can also use your inquires for rebuilding purposes. When apply for rebuilding purposes, make sure your approval odds almost guarantee your success so that you’re not just applying for applying sake. Do not shop until you drop. Protect your inquiries.

What a lot of people fail to realize is that these 5 components are in their total control. For you to get your credit right, first remember that nothing will change until you do. One thing that's important to understand is that when your credit scores are low, these are the 5 areas in which you can begin to positively influence to improve your scores.

!72 The “just pay your bills on time” myth

I deal with thousands of people through social media who have bad credit and are looking for ways to improve their credit scores on a day to day basis.

To help, I try my best to share relevant information that will help them improve their credit scores and sustain growth. But, from time to time I deal with people who think they know it all and try to belittle the information I share by giving generic advice that seems to be a cookie cutter approach to every credit situation. Even though I’m pretty much an expert at improving credit, these know it alls tell me and my followers that the only way to improve credit is to just “pay your bills on time”. What they fail to realize is the people who are looking for help !73 suffer from bad credit that resulted from more than just late payments, but also collections, judgments, charge offs, tax liens, lack of credit, high utilization, and more. Most people’s situation are deeper than what they realize so they need more than generic advice. It’s like trying to solve the algebra problem a+b+c+d+e=x and only providing “A” when their are

4 remaining variables that need to be present as well in order to find X. These kind of people will try to belittle my advice when they are only showing how little they really know. Another issue with these kind of people is they usually speak from a reference of never making a mistake with their credit before, they speak from a perspective of perfection. Don’t get me wrong, never making a

!74 mistake with your credit is ideal for everyone, but someone giving advice from that viewpoint can’t relate and don’t know what it takes to fix credit issues. So, if you’ve been told that all you need to do is “pay your bills on time” to improve your credit and believed it, stop. That statement is a myth and if you do that alone, you’ll find that it’s not enough.

I’ll prove it.

As I previously explained, there are 5 components of a credit score and they are the true way to really improve a credit score dramatically.

For informational purposes, “know it alls” don’t even know this much. Anyway... I need you to understand that paying your bills on time IS important, I hope that’s obvious. But that’s my

!75 whole issue with that advice, obvious information is

“generic”. In my company, ideas to help our clients are constantly created, but we shun the generic because I hate it. The reason generic information isn’t tolerated is you don’t help anyone by sharing information they already know. To really help someone you must either share old information in a new way or share something significant that no one knows. Otherwise, you’re not being helpful at all, just redundant. Nothing is unique about repeating what everybody else is already saying

Okay, sorry for ranting, back to the break down.

Paying your bills on time is your ability to impact the first component, payment history. This

!76 component is actually 35% of your credit score.

Here’s the exact reason why paying your bills on time isn’t enough to give you good credit. Ready?

The lowest your credit score can be is 300 and the highest your score can be is 850. That means there’s

550 points that you actually have the power to influence (850 minus 300). Since payment history is

35% of your score, multiply that by the amount of points you can influence, 550. That equals 192.5 points that you can improve your score by JUST

“paying your bills on time”. Continuing to look at the math, if you have a 300 credit score (means nothing else is influencing your score) and add

192.5 points to it by just paying your bills on time, your credit score will improve to a meager 492.5. As

!77 you probably know, having a 492.5 credit score is still very bad and needs more work. This reason alone proves that by just paying your bills on time

WON’T create a good credit score for yourself. So, when people tell you to just pay your bills on time, share this breakdown and tell them to SHUT UP. Do it for me, please.

I have good news. In order to really create a good credit score, you MUST also influence other components. As you continue to read, I’ll break this down further and explain what you can do within your power to improve it, outside of just paying your bills on time.

!78 The BIG 3 are a powerhouse together

Credit bureaus, Experian, TransUnion, and

Equifax are the major reporting agencies in our country. Their job is to report information about us to potential lenders who use that information to market products to consumers. How they obtain the information is from other companies, also called furnishers, in which we’ve already taken out a line credit with. They share payment history, credit usage, account opened/closed dates, high balances, unpaid balances, etc. For it to work in your advantage, your history on these accounts must be stellar, or close to it. Otherwise, you may confusingly fall prey to predatory lenders or simply

!79 get denied because of your past mistakes. Which means no credit power.

How to access this information

Throughout your journey of rebuilding your credit, monitoring it is going to be critical. Credit monitoring is the ability to track changes on your credit reports. If you want to be successful throughout this process, maintaining this tool is vital. Plus, it’s always a great idea to keep an eye on something with so much importance that way you’re always aware of what’s going on with it. You don’t want to leave your credit standing up to chance. You want to track your progress and changes to make sure what’s supposed to be

!80 reporting is, and also protecting your identity is always a great idea. Credit monitoring will give you that ability.

Okay, enough with the “generic” information.

Let’s get to the good stuff!

Trade-lines, trade lines, tradelines…

I'm often asked, “Do you sell trade-lines?” Or,

“How do you feel about them, are they legit?”, “Are they a good idea?” And simply based off of these kind of questions, I know right away that the people who ask about them know very little about what a trade-line actually is. Maybe you can relate? So I thought it would be a great idea to educate you on what trade-lines actually are and how you can use !81 them to your advantage. But first, let me share with you what they are not. What people typically believe trade lines to be is either a credit sweep,

“glorified piggybacking,” or acquiring a CPN (credit privacy number) to replace their social security number. Hopefully you’ve never been a victim of either of these tactics.

If they offer it, they are janky

You will come across self proclaimed credit experts who offer credit services that involve credit sweeps, purchasing trade lines, and new social security numbers. If you ever come across these people, do one of two things. One, run the other way. Or Two, threaten to tell their momma that they are crooks. Credit sweeps entail falsely filing !82 identity reports to law enforcement and credit bureaus stating that accounts on your credit report were never opened by you, despite that credit card you just opened being in your wallet or the car you recently purchased sitting in your driveway. These reports wipe your credit reports clean. However, this is breaking the law and people across the country get indicted all the time for this. Be careful and don’t be a victim because the janky “expert” will walk away clean while you’re behind bars.

Another tactic they use is illegally adding aged credit lines to your credit report by adding you as an authorized user to “aged” credit card accounts without the actual owner of the credit lines approval. The legal tactic is called piggybacking,

!83 which is usually through a friend or loved one adding you to their credit card so you can gain their length of history and low utilization on your credit report. The difference is you are added by the actual owner, not the credit “expert”. Some companies work out agreements with the actual owners of the cards, but not many. So be careful and look for reviews and client testimonials.

Finally, the last tactic they will try to use is through offering you a CPN (credit privacy number) to replace your social security number. They will advise you to use the CPN instead of your social security number when apply for new credit lines.

Doing so will cause the lender to be able to locate your actual credit reports and it will be like you’re

!84 starting from scratch. It works. Until you’re caught that is. Using numbers in the social security field instead of your actual number is committing fraud.

This is a very quick way to land in prison.

Without the proper education, almost everyone I’ve ever come into contact with who were interested in “trade lines” were speaking of one of the 3 mentioned tactics janky credit “experts” have recommended. This is a big reason why the credit repair industry is greatly scrutinized. My goal is to inform you of what to look for so you can protect yourself. Now let’s talk about what trade lines are in reality.

!85 Tell us how you really feel, Jay!

When people are looking for way to improve their credit scores they search “how to improve their credit score” on google and read every blog post that follows. But, what they fail to realize is everyone is sharing the same information. I’m talking about “generic” information again. This is the kind of information that talks about the surface, but doesn’t dive deep into the reason why or the strategy behind it. It’s just do this, do that, do this, do that. I hate it, but majority of people love it because they think it’s right. Then they try to implement the ideas and end up hurting themselves even more. Don’t fall victim to “generic” information. If the information isn’t sharing the !86 strategy behind it; the real purpose and why, then you should question it. Otherwise, you’ll find yourself repeating something someone else said that someone else said that someone else said. Too many people are repeating “generic” information, that’s usually wrong and they have no real understanding of what it actually means. I don’t want you to sound foolish when you ask questions, that’s why I’m sharing this information. Before you ask someone do they sell trade-lines, please do your research to understand what trade-lines are because what you’ll find is that question should never be asked once you know what they are. I got you!

!87 So, again, what are trade lines?

There are 3 different kinds of trade lines:

1. Revolving

2. Installment

3. Open

They come in many different forms of trade lines that can be reported on your credit report. Car notes, credit cards, line of credit, mortgages, student loan, utility bills, or any other credit- related item that is provided by a financial institution or lender are considered trade lines. As long as the account is reporting payment history, it's considered a trade line. Often times, people are searching for "special" trade lines, as if they exist, to add on their credit report when they have no idea !88 what they even are. Now you know. So, never ask anyone if they sell trade-lines. A trade-line is a specific account that reports on your credit report.

Nothing more, nothing less. You can open trade- lines with any creditor that offers financing. It’s that easy. But here's the kicker, when adding new trade lines to your credit report, you don't just want to add any kind, you want to add a specific kind to really get the maximum impact on your credit score. Yeah, let’s talk about Credit Builder Secrets.

The prize is where to focus your eyes

The Credit Builder Secrets that I’ll be sharing with you in this book will help two different kind of credit reports. The one with little history and the

!89 one with poor history. Here’s how they are different.

Little history means that you don’t have enough reporting accounts to determine if you understand how to properly manage credit, so you need more accounts on your credit report to show history. Poor credit history is when your credit report shows enough history to determine that you do understand how to manage it, but up until this point you have NOT managed it well. In both of these cases, credit building is needed. Here’s what you need to know if you are suffering from bad credit. No matter what kind of derogatory information is hurting your credit, it can only negatively impact it for so long.

!90 From experience, I’ve found that credit scoring algorithms grade you more harshly based off of recent activity that hits your report. More precisely, they are grading the activity that has occurred within the last 36 months (3 years). Once you reach that threshold, the negative information doesn't have as much of a negative impact on your credit score. Slightly, but not as much. So, if something derogatory was added to your credit reports within the previous 36 months of the present date, your scores are going to drop tremendously. But, what you do next is what matters. It’s the difference of just accepting what happened or doing something about it that’s going to have a great impact on your future. What you

!91 want to do if you are suffering from derogatory accounts on your credit report that meet the 36- month criteria, is influence the components of your credit score, strategically. You do this by offsetting the negatives through the addition of positive information which enable your scores to improve more quickly, rather than just waiting the 36- month timeframe for the derogatory information to become irrelevant. To accomplish this, you don’t want to do just anything, you want to be strategic.

So, where your focus should be is on the 1st two components that make up a credit score, Payment history and Credit utilization.

!92 How much control does this give you?

As we’ve already discussed, there are 550 points in your credit score that you actually have the power to influence. Payment history is 35% of your credit score and credit utilization is 30%, together giving you the power to impact 357.5 points (65% multiplied by 550 points) through those two components alone. And what I'm going to share with you is how to impact both of those components using just one particular kind trade line. That way, your actions are efficient and effective. Let’s dive into it.

!93

Chapter 7

!94 Credit Builder Secret #1

What we want to do is find a way to really influence the two components aforementioned to make sure that your credit score is being influenced at a maximum effort. That's where strategy comes into play. The best trade line to acquire to help you

BOOST your credit scores is a credit card or revolving account that reports to each major credit reporting agencies monthly.

Why this kind of account?

Before I share with you how much of an excellent idea it is to acquire credit cards to help you massively improve your credit score, the first thing you need to do is think with an open mind. !95 There's a lot of hate regarding revolving debt like credit cards, but honestly, they are the best tool to use for credit building. If you manage them responsibility and with the right strategy in mind, your credit score will improve drastically!

Another point to share before we talk about this strategy is that I need you to understand that just because you open a credit card doesn't mean that you are required to rack up huge amounts of debt for it to work for you. Actually, this is a kind of tool where it helps you more when your balances are low. This strategy will not force you to go into deep debt. Again, as long as you are responsible and use it strictly for credit building, you have absolutely nothing to worry about.

!96 For some reason, too many uninformed or miseducated people believe credit cards can only work in your best interests if they are maxed out and continuously used. That's not the case at all.

Let me break this down for you.

How does credit utilization impact me

All revolving debt impacts your credit utilization. Revolving debts can be credit cards or line of credits who offer you a particular limit with the possibility of using the entire limit for whatever purpose you give (other than paying another revolving debt). But, instead of you being responsible for paying the entire debt right away, you're only obligated to paying off a small percentage, known as the minimum due, until the

!97 balance of the debt is fully paid off. However, my advice is to pay it off in full monthly to prevent being charged interests. We’ll talk more about this in the later pages.

Since there is so much leeway with this particular debt, you’re graded heavily based off of your revolving debt balances compared to your limits because it shares how dependent your are on your credit cards. Remember, the credit bureaus sole purpose is to assess whether or not you're a liability to current and potential lenders, so as you rack up more of your credit card balances compared to the limits, the more desperate you seem and the less likely you're going to be able to pay this down over a reasonable amount of time. Since that's their

!98 main focus, how you manage your revolving debt is critical to your credit score success. The last thing you want to do is portray yourself as someone who is unlikely to pay their bill because it's going to hurt your credit scores and minimize your potential for getting approved in the future. Through responsible management of credit card usage, you will get the most out of this particular strategy. Proper money management of credit cards results in maintaining a low credit card balance to limit percentage of 30% or lower. Try your best to get your utilization as low as possible because it will ONLY help you more.

!99 For example…

To make the math easy, lets say that altogether your credit card balances equaled $750 and the limit collectively, equaled $1,000. That would make your credit utilization 75%. In this case, this is a big no no because it shows that you are dependent on debt since your utilization ratio isn’t at least 30% or less. What you’ll want to do is work on getting your revolving balances under $300

(at or under 30% of your collective limits). This will help you improve the credit utilization impact on your credit. The lower your credit utilization percentage, the better for you credit score.

Another example: Let's say you have 4 credit cards with a $500 limit on each of them. Plus, each !100 of the credit cards are reporting only $50. Total you'll have $200 in credit card balances and a

$2,000 credit limit. $200 divided by $2,000 will give you a 10% credit utilization percentage. This will help your credit scores tremendously because it doesn't show that you are dependent on revolving debt. If you’re able to pay down your credit card balances even more, it will help you even more.

Here's the most important part thing regarding credit utilization. 0% utilization helps you the most. That means you can have open credit cards that aren't being using (or paid off completely) and will still help you improve your credit score. Ultimately, this validates that you don't need to max out your cards in order for them

!101 to help your credit. Remember, the less dependent you look when managing credit cards, the more it will help you. Having a zero balance reporting to your credit shows that you’re not dependent on your revolving debts at all. It can’t get any better than that for your credit score.

The influence of payment history too

So, here's another plus about revolving debts.

As you're managing your debts responsibly, whether it shows a balance or not, that month of activity will still be reported on your credit report as a positive mark. So, due to the fact that credit bureaus grade you so heavily off of recent payment history that’s occurred in the recent 36 months, you have the power to really influence this component without !102 doing much except having it open for open sake and ensuring low credit utilization reports, if any at all. No other trade line has this form of leverage.

Yes, all trade-lines report payment history, but only revolving trade-lines report payment history AND credit utilization, 65% of your credit score by the way.

Remember we talked about how just paying your bills on time won’t result in having a good credit score. Let’s look at the math if we were able to use these two components together. You have

550 points to manage and influence it by 65%, that results in 357.5 points to be added and a 657.5 credit score. This proves there’s power in having

!103 credit cards that are managed responsibly. Can you say credit score increases?

Side note: You want to be strategic by making sure you open credit cards with lenders who report to all

3 credit bureaus, that way you can get the full effect with each credit bureau.

Don’t hate it, appreciate it

So many people hate credit cards based off of the negative stigma that was given to them by people who’d improperly managed them. However, regardless of their false accusations, credit cards are the very best credit builder tool available - no question about it. If you don’t have any credit cards,

!104 I highly recommend that you put your perspective to the side and use mine like I’ve requested earlier.

Make sure you open a credit card.

Keep in mind as you're wondering whether or not this strategy will work, credit utilization impacts your credit score by 30%. To NOT implement this strategy into your credit building game plan means that you are okay with missing out on the 165 points that are potentially available to your credit score. Looking at more math, that also means without credit cards the highest your credit score could ever be is a 685 (payment history, length of history, credit file mix, and inquiries).

Reaching the 700 club is impossible. Hopefully, you've learned that your credit score increase is

!105 totally dependent on the strategy behind it.

Strategy is key.

Let’s dive a little deeper

What's important when putting this strategy into play is to make sure that when you take action, it will result in a positive impact on your credit score. If you have bad credit and you're applying for credit cards, don't apply for just any card, apply for the card that you'll get approved for. That takes a little research of course, but we're talking about just

5 minutes of searching on Google for the best card.

There’s many legitimate websites that share insight on which card to apply for in each situation. But, what's better is I've done the research for you this time and will make recommendations soon. !106 When applying for credit cards and your credit score is below 640, you should definitely aim for an

“almost” guaranteed approval because a wasted inquiry can hurt your score even more. At this point, we want to build, not destroy.

I often recommend to each of my clients to make the commitment to acquire a secured credit card beginning the rebuilding process because once you invest your money into something, you take care of it more versus not spending any money at all.

What's a secured credit card?

To keep it simple, a secured credit card acts the same way as a regular credit card. The only

!107 difference is you must first make a deposit to acquire the card. The deposit protects the lender from your poor creditworthiness, just in case you decide not to pay your bill, which is why creditors are even willing to take a chance on people with no credit or bad credit. I believe the best thing you can do to get yourself on the right path to a better credit score and solid financial habits is through making this kind of investment in yourself. That way you have something to lose, which will cause you to be more invested in the process. But, some lenders do take a look at your credit report to make sure that you don’t have any recent delinquencies

(last 6 months), but there are some who don’t. The lender you want to go through is the one who

!108 doesn’t pull your credit report, you want a guaranteed approval. That way your inquiries are not impacted.

Make adjustments to save for the deposit

I tell my wife this all the time, All Game Plans

Are Meant To Be Adjusted. We don’t know the future, but we do understand the now. When you look at the greatest coaches of all time, what they all have in common is how well they’ve handled adversity & made the right adjustments to their game plans to come back and win games they were once losing.

This same greatness is in you too. With the proper financial adjustments you can win the money game, too.

!109 The name of the game is to maximize income and minimize expenses. Look at your budget (or all of your expenses if you don’t have a budget) and figure out what recurring expenses you can temporarily minimize. The smallest changes go a long way. The more adjustments you make the more money will be available to save for your deposit. Keep this in mind – if you don’t sacrifice, what you want WILL be the sacrifice.

Here are a few suggestions:

• Temporarily suspend your cable for the month

(minimum savings $40).

• Temporarily suspend your gym membership

(minimum savings $10).

!110 • Pack a lunch for work for the month (minimum $5

per work day savings, $100 savings).

• Increase tax withholdings to 8 for only one month

(minimum $100 increase in paycheck).

Implementing these changes alone will allow you to save for a $250 secured card deposit, which is the industry minimum requirement.

Back to strategy talk

So, you're to acquire a secured credit card as soon as possible. If you’re wondering how much to deposit, don’t worry about it. The deposit is irrelevant since the only thing that matters is your credit utilization anyway. If you keep the balance low compared to the limit (under 30%), it's going to

!111 help you whether your limit is $250 or $2,000. It’s relative regardless. So, you can deposit the minimum funding amount or a higher amount, that decision is up to you. The only use for this card is to build your score. Once you get your card you will be tempted, but you are NOT to use it to pay any bills, unless the expense is under $20 (to be safe). I don’t want you taking any risk because it would be a complete waste of time if it begins to hurt you rather than help you.

Just in case I didn’t get through to you, this card’s utilization needs to stay under 30% in order for it to fulfill its purpose. There should never be a balance reporting. Worst case scenario, just make sure the balance never exceeds 30% of your limit.

!112 That card will report to the credit bureaus every month, adding a positive mark on your credit report, and over the course of a year, it will add 12 positive payments to your credit report. It will also make the credit utilization component of your credit score available to your advantage, allowing you to capitalize on the 30% influence it will add to your credit score through that component. Do this and you will see jump in your credit score.

Guaranteed.

Multiply by 4

Having one credit card helps your credit score by influencing the payment history and credit utilization positively. But, what I'm going to share

!113 with you now will really allow you to expedite the growth of your credit score from 1 year to just 3-6 months.

Imagine if you were to implement this strategy multiplied by 4. Opening just one new card will add 12 positive payments to your credit report over a year. Opening 4 cards will allow you to add

48 positive payments over a year. How beneficial do you think that would be to your credit score? Here's the significance of this. Many people in your situation of course have bad credit, but that negativity is usually the result of late payments, collections and charge-offs. Let's say you've had 2 accounts reporting on your credit report and over the last 36 months, 8 late payments were added to

!114 your credit report. That means 64 of the 72 recorded payments were on-time. But, that's only a

88.8% success rate. By adding 1 new revolving account to your credit report, you would add 12 more positive payments increasing that average to

76/84, resulting in a 90.4% success rate. However, adding 4 new revolving accounts will add 48 positive payments. That's 112 out of 120. A 93.3% success rate. Within a years time, you could improve your success rate by almost 5%. That will do wonders for your credit score. And overtime, those late payments will become less impactful as your accounts grow with age (36 month rule). But that's the benefit to your payment history. What about your credit utilization?

!115 Adding more revolving accounts means a higher overall revolving limit, which will result in less of an impact that your credit cards will have on your credit score as well. For example, if you had a maxed out credit card prior to implementing this strategy, let's say your limit was $500 at 100% credit utilization, adding 4 new credit cards at $250 each will add $1,000 to your overall credit card limit.

This will result in having 5 credit cards, a $500 balance and $1,500 limit. Your credit utilization just went from 100% to 33% immediately! Can you imagine how much your credit score will improve by implementing this strategy for your credit utilization? Now, imagine how much your score will

!116 improve for your payment history too. It's definitely a win-win!

Avoid this like the plague

Every time I share this strategy people get pumped. So pumped, they get very trigger happy too. Instead of adding 4 accounts, they will add 8 or

12. It's important for you to know that the reason the recommendation of adding 4 credit cards was shared is to also protect another component of your credit score that makes up 10% (55 points) of your credit score. Opening more accounts on your credit report means that you have to request an evaluation from lenders and that evaluation ultimately means that they have to pull your credit reports. Of course, adding more payment history !117 and credit utilization to your credit helps you, but we don't want it to hurt your gains either. Inquiries are tricky, but if you're strategic with your actions, they won't hurt you. There have been countless times when people get overeager after hearing our strategies and end up hurting their gains because it prevents their scores from being maximized due to them adding too many inquiries to their report simultaneously. Adding 8 to 12 new inquiries to your credit report within a few days will cause your score to drop up to 55 points since that's 10% of your credit score. Be careful, we have a strategy.

Don’t blow it up!

Do this instead

!118 Over the span of 6 months to a year, I want you to add 4 new credit cards to your arsenal. For my credit repair clients, I usually recommend opening 1 card every 2-3 months until they have a total of 4. We do that solely to protect their gains.

Plus, everyone doesn’t have extra money laying around for secured cards if needed, so it helps with saving for deposits if necessary too. But if you're an eager beaver, I wouldn't open a new card any more frequently than every 45 days.

!119

Chapter 8

!120 Credit Builder Secret #2

Credit card debt can be a mofo, especially for your credit score. Earlier, I shared with you how credit utilization works and how much of a role it plays in increasing your credit score; which is one reason why so many people find themselves with bad credit scores because they were unaware that it played such a role. In my organization we help people through educating them on how to gain control. We share strategies that will help them improve the credit utilization component of their credit scores, and we assist them in removing derogatory information from their credit reports.

!121 When you bought this book, you became a client of mine too. With that being said, here’s another strategy for you.

Credit Card Optimization

This information is for people who have large credit card balances, lack the funds to pay down their debt within 2-3 months, and interest is kicking their ass so they find it nearly impossible to reduce their credit utilization. If this sounds like you, have hope. This particular strategy will help you see the light at the end of the tunnel and make it realistic for you to reduce your debt, save money, and of course, improve your credit score.

!122 Let's say that you have two credit cards and you're credit cards are both maxed out at $2,000.

Again, anything above 30% credit utilization is going to hurt your credit scores, 100% isn't the best look for you. This strategy is going to help you cut your credit card utilization tremendously within only 30-45 days (depending on how long it takes to process). But in order for it to help you, your credit score must be at least a 640 - that's the only stipulation. Once you're at that point, you'll want to look into doing a credit card balance transfer. What this is going to do is take your current credit card balances and actually roll them over to brand new credit card. But here's the kicker. The new credit card won't bear any interest for the next 12-18

!123 months. Yeah, 0% interest 12 to 18 months in a row.

Can you imagine how much you'll be able to pay down those balances with those perks?

Also, there will be an immediate benefit as well. Since a new credit card will be opened as a result, that will add to your overall credit card limit the total amount that was transferred - and possibly more depending on how much you’re approved for.

So, in this example, you have a couple credit cards maxed out at $2,000. The balance transfer card accepted those balances, which also resulted in the two original cards to be reduced to a zero balance.

Altogether, that leaves you with a $2,000 balance at

0% for the next 12-18 months (depending on the card you qualified for) and a new $4,000 limit.

!124 Which results in your credit utilization being reduced to 50%. That will dramatically improve your credit score and as you pay down your balances over time, your utilization will improve more and so will your credit score. Bow!

!125

Chapter 9

!126 Credit Builder Secret #3

Up until this point, we’ve talked about adding credit cards and rolling over balances. But now we need to add the final piece to this puzzle.

At the end of the day, when you have credit card balances and your credit score is shot, the best thing you can do to better the situation is to work on paying it down. However, the process that you use to pay down your credit card balances is critical and cannot be taken for granted. Credit bureaus want to see progressive actions toward paying down your credit card balances because managing your credit is only a reflection of how well you manage your money. And, since a bureau’s true job is to protect their clients best interests, the best thing !127 you can do for your credit is to maintain low credit utilization or at minimum implement a plan to do so. This reason alone is why credit cards impact your scores so much! With that being said, sometimes you have to get back to the basics to see the change you ultimately want. The basics in this case is revamping your budget and aligning it up with debt reduction as the top priority. This is the final piece to ensuring that your credit utilization is maximized to its fullest potential.

The debt snowball method is a debt reduction strategy where you pay off debts in order of smallest to largest - gaining momentum as each balance is paid off. When the smallest debt is paid

!128 in full, you roll the money you were paying on that debt into the next smallest balance.

Here are the following steps:

Step 1: List your debts from smallest to largest.

Step 2: Make minimum payments on all your debts except the smallest.

Step 3: Pay as much as possible on your smallest debt until it's completely paid off.

Step 4: Repeat until each debt is paid in full.

Here's an example of a debt snowball scenario

Say you have the following four debts:

1. $500 credit card debt ($50 payment)

2. $2,500 credit card debt ($75 payment)

3. $7,000 car loan ($225 payment)

4. $9,000 student loan ($150 payment)

!129 What you want to do is make the minimum payments on everything except the 1st credit card debt. And let’s say you have an extra $500 each month available. Since you’re paying $550 a month on the first credit card debt (the $50 payment plus the extra $500), that debt will be done in one month. You would then take that $550 and attack the 2nd credit card debt. You can pay $625 on the plastic (the freed-up $550 plus the $63 minimum payment). In about four months, that credit card will be no more because it's paid off! The car loan will turn to $850 a month. In 7 months, you'll say bye-bye to car payments! By the time you reach the student loan, which is your biggest debt, you can put $1,000 a month toward it. That means it will

!130 only last about 7 months. My friend, within 2 years, you're now debt free. Oh and your credit utilization went to zero in the first 5 months! Your score just shot through the roof!

With discipline and commitment, this plan will absolutely change your life because not only will your credit score improve potentially 165 points, but you've also freed up $1,000 of your budget. You'll be able to save for that mortgage deposit in no time!

!131

Chapter 10

!132 Credit Builder Secret #4

Having credit cards in good standing can be advantageous to your credit profile because with good payment history, comes rewards. One that I’m speaking of for you is what I like to call the Credit

Limit Increase Advantage. This strategy has helped me increase one of my credit cards from a $2,000 limit to $25,000 within 1 year and the best part is: it was very easy! First and foremost, this strategy will work best with big name lenders like Capital One,

Chase, American Express, Discover, etc. However, it has shown to still work with smaller lenders as well, just not as often and not as dramatic. But, a small increase is still progress nonetheless.

!133 Anyway, every month you want to make on- time payments on your credit cards and after 6 months of on-time monthly payments, your lender opens the opportunity to request a limit increase. If you can show monthly progress toward paying down your balances and you’re still working a 9 to

5, you can request a limit increase online and get approved within seconds. With my credit card with

Capital One, I was able to request a limit increase every 6 months and each time, my limit increase more than $10,000! You should implement this strategy right away. Every six months, you should have a reminder on your calendar to request a limit increase with each of your credit cards. As your limit increases and the balance either remains the

!134 same or shrink, your credit utilization will continue to lower and steadily BOOST your credit scores.

This strategy is easy to implement and VERY effective! Worst case, if they say no, it won’t hurt you. But it’s very unlikely that they won’t increase your limit if the criteria I’ve shared is met.

Don’t shy away from card upgrades

Sometimes, you may not be eligible for an increase with that specific card, but that doesn’t mean that they don’t have a better one that you qualify for. Never shy away from contacting customer service at this time to see if you qualify for a card upgrade. If you do, that means you will get an even higher credit card limit and more perks.

!135 I always suggest taking advantage of being treated like a elite standard client.

!136

Chapter 11

!137 Credit Builder Secret #5

Whether you’ve had credit cards prior to this recommendation or you’ve just acquired your very first, what I’m about to tell you next can be the very difference between 25-50 points being added to your credit score growth. We’ve talked a lot about how much credit utilization impacts your credit score, but what we have yet to discuss is how two dates of activity can impact you most. The specific two dates that I’m referring to are your due date and your statement date.

What’s so important about your Due date?

Your due date is the date on your account when your minimum payment is due. If paid after !138 your due date, you’ll acquire a late fee. So, you don’t want to miss paying the minimum amount due on this particular date. What a lot of people do is pay their bill in full on this specific date, and doing so will prevent interest from building on your credit card. Which is pretty awesome because it gives you the ability to use money that’s not yours and as long as you pay the balance in full by the due date, you won’t even have to pay for borrowing that money. But here’s the kicker. What’s paid on your due date won’t reflect on your credit report.

Actually, what reports on your credit report is the balance that’s accumulated by the statement date.

Many people get very discouraged when a different balance reports on their credit report other than the

!139 balance they saw after paying their bill on the due date. This causes their credit utilization to be higher than they expect because what’s reported on their credit report isn’t the balance after the bill is paid on the due date, but the balance that shows on the statement date.

So, what’s the statement date?

The closing date for your credit card (this is considered the last day of the billing cycle), typically ranges 25-31 days. The balance on the card as of that date is the one that's reported to the credit bureaus and reflected in your credit reports.

Your credit card utilization rate is also reported based off the balance that shows the day before

!140 your statement date at this time. This is what kicks a lot of people’s butt because they never knew this.

Okay, you get it!

There are a lot of people who understand how the strategy behind your due date versus statement date works. When they look at their household budget, it doesn’t allow them to pay their balance in full by the statement date to take advantage of this strategy. But here’s the good news, there’s actually a way around that issue once you look deeper into the numbers and the opportunities available to you. Here’s an opportunity that’s available to us all. For example, if your statement date doesn’t work with your finances, simply

!141 contact your credit card provider and request to change your statement date (sometimes due date instead) to the particular day of your choice. Mind you, this change may take a whole billing cycle, but the results of it will be epic.

When you are trying to figure out what works best for you, it’s important that before you request a change, remember you’re only allowed to change it 1 time per year, depending on the company you’re working with. Again, you must be strategic to make sure you set yourself up for success.

Here’s what I mean… The best way to strategically change your statement and due date is to look at your current due date and statement dates to figure out when would be best for your pay

!142 your bill in full on a consistent manner. For example, let’s say you have a credit card with

Capital One, your due date is the 1st of every month and your statement date is the 8th of every month.

To make things easier, let’s say your budget allows you to pay your balance in full on the 27th every month. You first must figure out the days between your original due date and statement date by subtracting the days between them as follows

(statement date minus due date) because this will tell you how to strategically set yourself up for success by ensuring the days between the changes still reflect the original agreement between you and the company.

!143 What’s just as important is to make sure you keep in mind that the balance must be paid in full at least one business day before the statement date.

So, if you’re able to pay your bill in full on the 27th, we’d want our statement date to be the 28th of the month to ensure the correct balance reports to the credit bureaus after we pay the card balances in full.

Also, since your due date is 8 days prior to the statement date, your new due date request should be for the 21st of every month to ensure you’re able to obtain your 28th statement date. As long as you pay the minimum payment due by the due date (I recommend that you set up for auto-pay to prevent late payments) this particular strategy will work

!144 without any issues. And did I mention that if you build the habit of paying your balance in full one day prior to your statement date, you’ll also avoid being charged any interest on your credit cards as well. It’s definitely a win-win when you are strategic like this.

What should you do?

So, what can you do to make sure your credit utilization is reported at the actual amount that you paid it down to? You can do one of 2 things.

1. Pay the minimum due by the due date, then pay

your budgeted amount 1 day prior to your

statement date (call your lender to request your

statement date).

!145 2. Pay the minimum due and your budgeted

amount by the due date. Then, avoid using your

credit card until the statement date.

Doing this will prevent your credit utilization from being reported higher than what you expected because you know when the true balance will be reported. If you’ve fallen victim to this prior to today, taking advantage of this information will help improve your credit score even more.

!146

Chapter 12

!147 Credit Builder Secret #6

One thing you won’t hear me talk TOO much about are adding new types of different trade lines to your credit report. Key word is new different trade lines. I am not referring to the existing trade lines already reporting on your credit report. Why don’t I talk too much about adding new different types of trade lines? There a three specific reasons.

One, the benefit of having other types of trade lines are nowhere near as helpful for your credit score than a credit card. Two, they are only good for adding payment history to your credit report. And three, the negatives can outweigh the positives if you’re not strategic. Adding a new account means that a new inquiry was added and it hurts the !148 average age of your accounts. That’s up to 25% of your credit score if you’re NOT careful. However, to be creditworthy means that you’re responsible at managing your finances. The greater variety of financial tools you’re able to successfully manage, the better your creditworthiness. With that being said, one component of your credit score that should given some of your attention is the Credit

File Mix component. This is 10% of your credit score or 55 points. Credit bureaus like to see some kind of variety when it comes to managing debt.

You can be great at paying the minimum due on your credit cards or not even accumulating a balance at all. But, how well would you do with a set of installment payments that must be paid monthly

!149 over a period of time? Creditors want to know this.

So the bureaus grade you based off this need to know information. And if you’re not impacting this component positively, you’re hurting your scores.

How to positively impact this component?

Having nothing but credit cards on your credit report doesn’t help this component. For every 4-6 credit cards, there should be at least 1 installment account for best results. That doesn’t mean you need to have 4-6 credit cards for every installment account (for clarification purposes). That’s when the conversation about credit builder loans come into play. Basically, a lender offers you a loan for the purposes of building your credit score. What

!150 they do is provide you with a small loan, usually ranging from $250 to $1,000 that is then paid back over a span of installment payments, usually within

6 months to a years time. To best protect yourself from defaulting on the loan, the lender will secure it in a purpose savings account that you won’t be able to access until the full loan is paid back. This is also a GREAT way to build an emergency fund because once the loan is paid off, then they will free up the savings account for your full access. The monthly payments on this loan will be reported on your credit report as installment payments. By adding this a kind of account on your credit report, you will positively impact the credit file mix and further improve your score up to 55 points. Plus,

!151 this will help you improve your creditworthiness with other lenders once completed.

My advice: Don’t open more than 1 installment per

4-6 credit cards.

!152

Chapter 13

!153 This is key

In order for these strategies to work, you must follow my 5 commandments for credit improvement success. Your credit building success can be damaged by what you don’t know.

My aim is to make sure that doesn’t happen simply because you didn’t know any better. Tell me, how would you feel if you were able to improve your score 100-200 points just to have it drop to an even worse status than when you started because of something that could’ve been avoided had you’d known better?

!154 Information changes situations

I have created 5 Commandments for credit improvement success so that you can avoid popular mistakes that people make when trying to improve their credit score. Doing the opposite of any of these 5 commandments will lead to doom for your credit score. Don’t say I didn’t warn you.

5 Commandments for Credit Repair Success

1. Thou shall NOT miss payments.

2. Thou shall NOT add to credit card balances.

3. Thou shall NOT close any trade-lines reporting on your credit reports.

4. Thou shall NOT shop for credit – unless needed.

!155 5. Thou Shall NOT pay collection accounts reporting on your credit reports without first negotiating a payment for deletion in writing.

Now you know what the 5 commandments are, let’s go more in depth.

Why are they so important?

Thou shall not miss payments because payment history makes up of 35% of your credit score. A late payment reported on your credit reports would not only severely ding your credit, but it could also negate the progress we made on improving your score. The last thing you want is for that to happen. I run into so many people who’d make a 50 point increase on their credit score but

!156 would forget all about paying their credit card to get that reported on their credit reports. Then they send me a mildly passive aggressive email wondering why their score dropped when it was their fault because they weren’t paying attention.

Payment history is totally under your control.

Control your fate by making sure you pay your bills on time!

Tip: If you tend to forget about making payments on your credit cards, I again suggest that you set those accounts to pay the minimum payment on the due date to make sure it’s never missed.

Thou shall not add to credit card balances is another area that aggressively affects your credit score. Up to 30% matter of fact. One of your goals

!157 right away is to pay down your credit card balances because as you pay down the balance your credit utilization increases, ultimately improving your credit score. But we can’t expect to see any improvements from this area if you continue to add to your credit card balances. How can you expect to pay off debt if you keep adding to it?

Tip: If funds are low and you have multiple credit cards, I suggest that you look into starting the

“snowball method” on your credit cards to help pay down those balances quicker.

Thou shall not close any trade-lines. Fifteen percent of your credit score is dependent on the length of time you’ve managed debt. Every time you open a new line of credit, it lowers your average

!158 length of history. But more importantly, the more accounts you close, the more it lessens your average. You want to continue to build history as long as you possibly can. A credit report with long history looks good on your part because it tells the credit bureaus that you have experience. A closed account no longer reports, which means it no longer helps you. Never close your accounts.

Tip: If you find yourself struggling with credit card usage, grab a pair of scissors and cut that credit card into two. But don’t close the account.

Thou Shall Not shop for credit if it’s not needed. When you shop for credit, potential creditors are pulling your credit reports to review, which results in a hard inquiry. It is said that for

!159 every hard inquiry, it lowers your score 1 point. The last thing you want to do is shop for credit when you know the chances of you being approved are slim to none and it’s going to drop your score.

Protect your score. The only time you should shop for credit is if you are guaranteed approval and it’s going to help you rebuild your scores.

Tip: Work on building an emergency fund so that

God forbid an emergency were to occur, you don’t go lurking for a loan or credit card, but you can depend on yourself to handle the situation.

Thou Shall Not pay collection accounts reporting on your credit reports without first negotiating a payment for deletion in writing.

A paid status vs an unpaid status still has the same

!160 negative credit rating and can potentially lower your score. If the time to pay ever occurs, make sure you communicate a deal in writing.

Tip: Don’t communicate with debt collectors over the phone. All your communication should be done in writing.

Now you know what NOT to do to make sure your credit improvement success isn’t damaged. Do what’s in your power to keep it that way.

How to take action

Now that we have a strategy, it's time to put that strategy into play. As you embark this new journey always keep in mind that nothing changes until you do. This information that I've shared with !161 you is the knowledge you need to get better results.

When you decide to take action, the first thing you must do is complete a quick assessment of your credit report to figure out how many revolving cards you have. Your understanding of where your credit cards lie will play a huge role into your ability to see improvement. See below for which strategy you should focus on while completing this journey to a better credit score:

Question 1: Do you have any credit cards?

No: Start with Credit Builder Secret #1.

Yes: Go to the next question.

Question 2: Do you have less than 4 credit cards?

No: Go to the next question.

Yes: Start with Credit Builder Secret #1

!162 Question 3: Is your credit utilization over 10%?

No: Go to the next question.

Yes: Start with Credit Builder Secret #2 & #3.

Question 4: Was the last time you've requested a credit limit increase more than 6 months ago?

No: Go to the next question.

Yes: Start with Credit Builder Secret #4.

Question 5: Did you know the difference between your due date & statement date prior to reading this book?

No: Start with Credit Builder Secret #5.

Yes. Go to the next question.

Question 6: Do you have any credit builder loans? If yes, did you open one in the last 6 months?

No: Start with Credit Builder Secret #6.

!163 Yes: If this book failed to help you, please contact me at [email protected] to request a refund.

At the end of the day, my goal is to help you.

Hopefully, the information shared in this book has done just that. As you’re tackling these action steps, don't allow any form of adversity to stop you. Find a way to accomplish each task. If there's a will, there's always a way. Completing each Credit Builder Secret will result in a better credit score for you. Get to work!

!164

Chapter 14

!165 Greater things are on the horizon

Your credit score is only a reflection of how well you manage your financial obligations. As you use this information to improve your credit status, I want you to think of the bigger picture. Credit bureaus main priority is not to protect your best interests, but to protect the financial well-being of their true clients - businesses. For some reason, people believe that credit bureaus are about the people. That couldn't be further from the truth.

They're about the dollar. Everything they do is to make more profit for their particular business. They sell your information to other businesses who then assess whether or not you're the ideal candidate for their product or services. By implementing these !166 Credit Builder Secrets that I've shared with you, your credit score will improve dramatically. What that means for you is you will become more of a target to lenders to try to pursue your pockets. Just because your score is improving doesn't mean that you need to acquire everything that's offered to you. The more you say yes, the higher the likelihood that you will be unable to meet your obligations because you'll become over leveraged; basically your money will be spread out too thin. Continue to do the right thing with your money. Don't fall victim to their catchy offers. The information that

I've shared with you is based off of a strategy that will improve your scores. Don't open accounts just because it was offered to you. Protect your positive

!167 finances and continue to give the credit bureaus a reason to improve your credit score. You have greater things to accomplish and behaving as such improves your odds of being successful tenfold. But, to keep things simple, don't be a dumb ass and ruin your progress because something shiny was flashed in your face.

Here's the kicker (I'm such a geek)

Even though there's tons of great information in this book, it doesn't matter as much as it does whether or not you do anything with it. Hopefully you didn't waste your time and read this to achieve nothing. I'm sure you didn't, but just in case, don't be a fool. If you're the kind of person that struggles with applying new information in their life, don't !168 worry. I got you! You could ignore majority of the information that was shared with and just implement one Credit Builder Secret that stuck with you, you'll STILL see increases with your credit score. So, just think of all the potential there is with improving your credit score if you were to implement each of the secrets shared in this book.

Not only will you have taken massive action, you will also reap massive growth with your credit scores. But, worse case scenario. If you were to only implement the bare minimum, you will still see nice increases. That my friend is the ultimate kicker, like

Jason Hanson.

!169 Keep this in mind

A couple years ago I went back to that dealership. But this time it was different. I had an advantage. I knew what I wanted and I had the income and credit score to back it up. The only thing I wish was different was that the car salesman was there, but I heard he got fired on his day off. I think they caught him stealing boxes on his lunch breaks or something like that. Anyway, that's another story. The point is, from implementing the

Credit Builder Secrets that I've shared with you, you're not only going to see your credit scores incrementally increase dramatically month to month. But, you're going to gain the confidence to achieve almost anything and raise your standard of !170 living because you know you have a new power.

Credit power. With the world being at your feet, all that I ask is that you walk lightly.

Be empowered, party animal!

Be a Dough Chaser.

Never settle.

!171

Bonus Material

!172 Bonus: Do you need credit repair too?

Derogatory information like late payments, collections, charge-offs, tax liens, judgments, etc. can be very daunting when a lender is looking to qualify you. Yes, implementing the Credit Builder

Secrets will improve your credit score. However, it will not guarantee your approval. Credit building is all about adding reasons for a creditor to offer you credit. Credit repair is all about removing reasons a credit will deny you credit. If you're suffering from negative information reporting on your credit report and worried about potentially being denied because so, credit repair is a great option.

If you need assistance with repairing your credit, I'd love to offer our credit repair services. As !173 the CEO & Founder of a fast growing and industry changing financial improvement company, I pride myself on how great of an experience our clients have when working with my company to repair their credit. Our service is one of the most affordable around and probably one of the best in the industry (that's for you to decide). You can learn more about our credit repair program at the following link: www.the700clubcreditrepair.com.

!174 About the Author

Jason White, CEO & Founder of Witness Riches Jason White, 29, was born and raised in Jackson, MI. Soon after graduating from Adrian College in 2011, he found himself striving for success in Toledo, OH. It was there God told him he would make it at, so he went for it.

What you see today is a successful black man who looks like he has it all together, but what you fail to see is the years of failure and struggle behind his success.

Jason comes from what many would call a broken household. His mother suffered from drug addiction and his father served an 18 year prison sentence. Jason was raised by his mother and grandmother. He learned how to be tough and developed a strong mentality from his mother and gained personal responsibility from his grandmother. Though, many of his childhood friends succumbed to the realities growing up in poverty, Jason focused his actions on the bigger picture, living a life of significance.

After failing miserably in the insurance business, Jason learned from his failures and started his own business in 2013. Since then, he’s helped tens of thousands of people improve their finances and boost their credit scores. His desire is to one day become a dominate force within the financial industry. Teaching financial literacy and serving members of his community is his mission. To learn more about his company, please visit: www.witnessriches.com for more info.

!175 For financial tools like budgets and debt snowball templates, credit card recommendations, and credit builder loan offers, join our FREE Facebook Group we created specifically for Dough Chasers like yourself here: www.facebook.com/ groups/doughchasers/.

All you will need to do is provide this code to enter: DCCBS

!176 !177