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Free 43-page book:
10 Easy Strategies to Clean Your Credit

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About The Book

Your credit report is an essential part of your day to day life, even if you may not realize it at first. Your credit report is used by credit lenders, home mortgage lenders, insurance companies and even employers when each of them determine if they should, or should not, work with you.

Do you know what is on your credit report? If not, there has never been a better time than right now to find out. This book will give you a deep understanding on how our credit system works, and give you specific strategies you can use to clean up and enhance your credit score.

What’s inside

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Understanding whats on your credit report

  • What is it
  • How to get your credit report
  • Whats on your report
^

How to clean it up

  • Contacting credit bureaus
  • You’ve found a problem: now what?
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Locate the credit report mistakes

  • Why are there mistakes
  • Types of credit mistakes to find
  • Take it step by step
^

10 ways to improve your credit

  • Monitor your credit
  • Use credit wisely
  • Pay your debt down
  • Monitor and limit inquiries
  • Don’t over obtain
  • Pay more than minimum payments
  • Build credit with secured credit cards
  • Know when you need help
  • Live the lifestyle you can afford

Chapter 1 Preview: WHAT’S ON YOUR CREDIT REPORT?

Your credit report is an essential part of your day to day life, even if you may not realize it at first. Your credit report is used by credit lenders, home mortgage lenders, insurance companies and even employers when each of them determine if they should, or should not, work with you. Do you know what is on your credit report? If not, there has never been a better time than right now to find out.

WHAT IS IT?

The first question that must be answered is the most important. What is your credit report? A credit report is a collection of information about you. This information is centered around your specific ability and experience with credit use. Credit, a form of money that is given to individuals to spend and repay over time, is given by lenders only if they believe you are a good risk to them. Every lender must define what level of risk is acceptable to them, but they base their decisions on the past usage of credit by you.

Let’s explain. Over time, creditors lend to hundreds and thousands of people. They develop specific algorithms that help them define who is a credit risk by looking at the patterns in the way that individuals spend using credit. They determine how much risk they are willing to take to work with people. Risk is a calculated tool for lenders. The more risk you are, the more they can charge in the form of interest rates and fees. On the other hand, if there is too much risk from an individual, that individual is unlikely to repay their debts and the lender stands to lose money instead of making it.

What does this mean for you, though? As a borrower, you need creditors to see you in the best light possible. The lenders to the credit reporting agencies directly report the decisions you make regarding credit.

  • You obtain a credit card. You use it to make a $100 purchase. The credit card company reports this action to the credit bureaus, which keep track of all of your activity.
  • You make a payment on time to the lender. The lender lets the credit bureaus know. This looks good to them. Over time, regular payments increase your credit score.
  • You make a late payment on the credit card. The lender reports this to the credit bureaus. This looks bad. Just one late payment will remain on your credit report for up to two years, and can drop your credit score.

This record is kept ongoing from the time you first get some form of credit. The more good notches you get from your creditors the better your credit score is. You may be wondering what a credit score is, too.

A credit score is a numerological representation of the credit report. The credit bureaus take all of the information on you and put it into that complex algorithm to get a number that represents your credit usage. Credit scores can be under 350 up to 800, depending on the credit bureau. The higher the score is, the better. This shows the company that you are a good credit risk.

High credit scores mean:

  • More lenders willing to give you credit
  • Lower interest rates on new lines of credit
  • More ability to borrow at a higher credit limit
  • Lower interest rates possible on credit you already have

The key here is taking your credit score, no matter where it is right now, and improving it. You can do this by understanding your credit report thoroughly and by making smart financial decisions going forward.

There is no instant credit eraser or improvement tool that works to move a 350 credit score up to 700. In fact, the credit bureaus will not tell you what percentage of improvement you will have if you make specific credit decisions. The fact is, the mathematical formula they use is highly guarded. Instead, you will need several things to see improvement with your credit:

  • Time
  • Dedication to good credit usage
  • Removal of any inaccurate information on your credit report

Also note that when creditors consider you for a credit card or loan, they most often use just your credit score, with a brief look at your credit report. Therefore, it is very important to do whatever it takes to get this number up.

Chapters

Pages

One of the easiest to understand books I've ever read on credit. Thank you so much for giving this away!

John Atkins, San Diego, CA.

Well worth the reading the time. It was pretty fast and easy to follow. Thank you!

Ali Sayed, Denver, CO.

Amazing book! I have already started disputing some of the items in my credit report and it's working all ready.

Amy Adams, Orlando, FL.

About the author.

Results, Results, Results. That sums up our mission, motto, and values. Our goals are simple, help our clients reach their goals no matter what. We’ve built a culture that is client-centric and took it a step further, tying our compensation to the success of our clients.

With that type of business model it’s allowed us to become one of the most effective services, and educational businesses in this field.

My name is J.Christian, and I started working with people & businesses as a financial consultant in 2013. During that time I was able to help people build and solidify their financial infrastructure but I quickly found it wasn’t enough.

People were still failing because they had no idea what to do in other key areas to succeed financially, for example: managing and improving their credit score.

That’s when I decided to form Credit Velocity. This is a complete credit repair agency, geared to help people by providing high quality services.

j.Christian

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