Score More Credit

Delware Man Gets 287 Point Credit Score Jump!

Like you, Greg had his doubts.  How could he trust a company he found on the internet?

Still, the evidence of our ability to get dramatic fast results was overwhelming, so he decided to roll the dice after a thorough credit review (it was really more like an interrogation of him asking us how we could help and how fast would he see results).

NOW is the perfect time to start your credit repair.

What could be a better investment for you and your family's tax return than improving your credit score and your financial future?

Post your comments below.

Best,

Brian Diez

PS: Just click here for your FREE cd, FREE ebook, and FREE coaching call with me!

PPS: Ready to get the credit score you deserve?  Click here to schedule your free credit review.

PPPS: Follow me at http://twitter.com/BrianDiez

Authorized User Accounts

Question:

While the AU (authorized user) isn't liable for credit holder payments, does credit holder become liable for AU credit history?

Answer:

The Authorized User's card will be mailed to the primary account holder, so if they give the AU a card, then the AU can use it.  the AU is NOT responsible for the payments.  The lender can never come after them.  If the primary account holder destroys the card (recommended), then that will never be an issue.

Question:

How does deploying authorized user account strategy impact  main credit holder's credit score? (ie. should credit holder expect big score drop after linking AU to their account?

Adding an AU will not affect the priomary account holder in any way.

Question:

Are either either credit reports impacted by fluctuations of whatever sort (especially in the immediate months ahead...are both scores "pegged" to one another?

Answer:

FICO scoring is on an individual basis.  Someone else's score cannot be tied to yours.  If the primary misses a payment, the AU can simply call and request the AU account be removed.

Disagree?  Post your comments below.

Best,

Brian Diez

PS: Just click here for your FREE cd, FREE ebook, and FREE coaching call with me!

PPS: Ready to get the credit score you deserve?  Click here to schedule your free credit review.

PPPS: Follow me at http://twitter.com/BrianDiez

 

The Truth About Building Great Credit Fast

There's a lot of misinformation out there regarding CPN numbers, Authorized User accounts, and credit lines.

Here's my cliff notes explanation.

CPN Numbers - Celebrities and athletes use these instead of their real SSN.  The myth is that anyone can buy one of these and establish a new credit history from scratch.

There are lots of companies that would charge you hundreds or thousands of dollars for a CPN number. The truth is you can acquire a CPN number for free. 

CPN numbers are legal.  They're used to protect your true identity.  It is illegal, however, to use a CPN number to try and defraud creditors.

The bottom line is you don't want one.  It won't erase your credit history.

Authorized Users - This is when you are piggy backing on someone else's credit history.  The card holder simply calls his lender and asks that you be added as an
authorized user.  They take your SSN and add you onto their account.

Under an Authorized User account you are not liable for the charges made, but you get the benefit of the credit limit, balance, and payment history towards your credit score.

From my research I have concluded that unless you are related or work for the primary account holder, the Authorized User account will not be weighted into your credit score since the implementation of FICO'08.

Still, you'll find several companies selling them for thousands of dollars all over the internet. Don't buy one.

Credit Line - You can acquire a credit card with lines of $5,000 or $10,000 for a few hundred dollars.  These accounts will drop your debt ratio and give you a great
payment history with ALL 3 CREDIT BUREAUS.

They are 100% legal and you will see results in 30-90 days.

Get your credit lines here.

You can get more than one if needed.

Disagree?  Post your comments below.

Best,

Brian Diez

PS: Just click here for your FREE cd, FREE ebook, and FREE coaching call with me!

PPS: Ready to get the credit score you deserve?  Click here to schedule your free credit review.

PPPS: Follow me at http://twitter.com/BrianDiez

5 Strategies For Improving Your Credit Fast

Your debt ratio makes up about 30% of your score.  If you divide your existing credit card balances by the total amount of credit available to you, you can get an idea of your debt ratio. While this may be an oversimplified calculation, it does demonstrate one overlooked area of your credit report which is easily manipulated.

Use any or all 5 of these strategies to push your debt ratio into a more favorable position and watch your credit score climb.

1. Increase your credit limits - Call any lender with whom you've made prompt payments for the past 6 months and ask for a credit limit increase. Repeat this process every 6 months.

2. Reactivate old accounts - Most lenders will deactivate your credit card if it goes unused for 3-6 months. Inactive card limits are not counted towards your debt ratio. Simply use your card to make a small purchase once every 3-6 months to keep it active.

3. Apply for a new credit card - By adding a card you are adding to your available credit without adding to your balance. The larger the limit the better for your debt ratio.  Click here if you need to add a credit card with a $5,000.00 or $10,000.00 limit to quickly and legally establish a credit history and drop your debt ratio.

4. Become an Authorized User - It normally takes some time to build a large available credit limit with most lenders. You can take a short cut and request a friend or family member add you as an authorized user to their account. Make sure they make their payments on time first. You get the benefit of their credit history and limit without the responsibility of making payments.

5. Pay down your balances - If you have the money, try paying down your existing balances to under 30% of your total available debt for a quick credit score increase.

Leave your comments below.

Best,

Brian Diez

PS: Just click here for your FREE cd, FREE ebook, and FREE coaching call with me!

PPS: Ready to get the credit score you deserve?  Click here to schedule your free credit review.

PPPS: Follow me at http://twitter.com/BrianDiez

Florida Man Gets 150 Score Jump and $15,000.00!

How'd you like to start 2009 with a clean slate?

Barry came to me as a referral from his loan officer here in NY.  He needed to improve his credit so he could qualify for a loan.  He started with a 520 score.  He finished with a 680 score and got his $15,000.00 loan.

 "Brian, from the bottom of my heart, thank you.  I got a $15,000.00 loan without any problems. Thank you." - Barry Brooks, FL

  Click here to listen to Barry tell his story in his own words .

I think you'd agree his slate is clean.

Truth be told, Barry never even sent back his 3rd round of updates.  He probably thought I had scammed him...until he walked into a bank a month later and got approved for a loan with no questions asked.  He called me right after to say thanks.

Leave your comments below.

Best,

Brian Diez

PS: Just click here for your FREE cd, FREE ebook, and FREE coaching call with me!

PPS: Ready to get the credit score you deserve?  Click here to schedule your free credit review.

PPPS: Follow me at http://twitter.com/BrianDiez