Collections are from debts owed, and not paid back by The borrower. These have a tremendous impact on Your credit score and will hinder you from being Able to access new credit in the future, as you are seen As someone who does not pay their debts, and thus, are not Creditworthy.
If you have late payments on accounts, and negative payment history, Its probably best that we just remove that account altogether. Nagging Accounts with negative payment history can drag down your score and aren’t a great representation of what type of borrower you’ll be moving forward.
While there are many things that go into a credit score, it certainly is the topic of discussion when discussing credit and your ability to borrow. There are certain thresholds of minimum credit score when borrowing mortgage loans, rehab loans, and there are preferences amongst credit card lenders on scores they like to see when viewing an application. What could a 100-point increase do for you?
Let us help you restore your credit!
What You’ll Learn:
Investing with your credit
- How to liquidate your credit cards
- How to leverage your credit cards into investments – by yourself or with our help
- How to earn money selling authorized user accounts
Account Maintenance
- Usage, and how to keep it low without actually having to pay off your cards
- Age of accounts and why it matters
- Account mix – what accounts to have
- Late payments and how/why to avoid them
- Judgments/collections
- Inquiries
An easy-to-use, step-by-step video guide that covers all you need to know about using your credit cards to make money, as well as creative strategies on keeping your debt low while it is incurred.
In an easy-to-understand video format you can watched it on your tablet, computer or even your smartphone.
Start learning today with an immediate download.
Once you enroll, you have immediate, UNLIMITED access to the course content. You can watch as many times as you need.
Want to learn how to use your credit for real estate investing?
- How to get into rehabs using your credit/other companies’ money
- How to partner with us
- How to make money leasing your credit history to others
- Strategies on how to keep debt down without spending any money