Although the current Credit Rating System needs to be abolished in order to get the U.S. real estate market and overall economy back on positive tracks, the fact of the matter is, that until it is, Americans need to understand how this irresponsible, immoral, unethical, excessively greedy, and illegal system works. Understanding how the Credit Rating System works will give millions of Americans a substantial financial and psychological advantage over it. Learning the top 35 Secrets that will significantly increase a credit (FICO) score is the answer to obtain these advantages. Millions of Americans and their businesses can literally save billions of dollars each year in banking, lending, and credit card 1) interest, 2) miscellaneous fees, and 3) penalties when they learn the following 35 Secrets.
Secret #1: Higher Credit Rating Scores = lower interest rates for consumers.
Secret #2: Credit Rating Scores range from 300 to 850.
- Below 599 is considered bad
- 600 to 649 is considered poor
- 650 to 699 is considered fair
- 700 to 749 is considered good
- Over 750 is considered excellent
Secret #3: Formula used to determine Credit Rating Score
- Payment history accounts for 35%
- Amounts owed account for 30%
- Length of credit history accounts for 15%Types of credit used accounts for 10%
- Recently opened accounts account for 10%
Secret #4: Get a copy of your 3 Credit Reports
- Equifax Credit Bureau
P.O. Box 740241
Atlanta, Georgia 30374
Equifax.com
1-800-685-1111
- Experian Credit Bureau
P.O. Box 2104
Allen, TX 75013
Experian.com
1-888-397-3742
- Trans Union Credit Bureau
P.O. Box 2000
Chester, PA 19022-2000
Transunion.com
1-800-916-8800
- Annual Credit Report Service (to get all 3 credit reports)
P.O. Box 105281
Atlanta, GA 30348-5281
Annualcreditreport.com
1-877-322-8228
Secret #5: Review your credit reports for accuracy
Secret #6: Correct personal information errors
Secret #7: Correct negative information errors
Secret #8: File disputes to have questionable negative information removed
Secret #9: Have collection agencies delete collection information when paid
Secret #10: Compare credit card companies
- Cardratings.com
Secret #11: Read the fine print of all contracts before borrowing
Secret#12: Always pay on time
Secret #13: Consider automated payments to ensure that payments are made on time
Secret #14: Never miss a payment
Secret #15: Pay more than the minimum
Secret #16: Keep balances owed at 35% of credit line or less
Secret #17: Use multiple credit cards to maintain 35% or less formula
Secret #18: Request credit limit increase to maintain 35% or less formula
Secret #19: Don't have too many credit cards
Secret #20: Request late fees, limit fees, etc. be removed
Secret #21: Request interest rate reductions
Secret #22: Keep credit card report inquiries to a minimum
Secret #23: Keep your good standing accounts open
Secret #24: Negotiate payment reductions when financial problems develop
Secret #25: Call credit bureaus when facing financial problems
Secret #26: Call credit bureaus when not facing financial problems for higher credit score tips
Secret #27: Call creditors when facing financial problems
Secret #28: Call creditors when not facing financial problems for higher credit score tips
Secret #29: Develop affordable borrowing and spending habits
Secret #30: Consider identity theft protection
Secret #31: Consider financial and legal advice when in doubt
Secret #32: Consider avoiding bankruptcy
Secret #33: Consider filing bankruptcy
Secret #34: Review your credit reports periodically
Secret #35: Monitor changes to the credit rating system periodically
Very detailed information concerning 1) the real truth about the current devastating condition of the U. S. real estate market and overall economy, 2) reasons why America’s real estate market and overall economic financial crisis began, and most importantly, 3) solutions that will enable America’s real estate market and overall economy to get back on very prosperous tracks again can be found in my America's Financial Crisis Solutions Book. This Book is the first of 5 that comprise my U.S. Economic Crisis Solutions Training System.
Respectfully,
Phil Mitsch
America's Leading Financial Crisis, Real Estate and Mortgage Expert And Trainer
Real Estate Industry's All Time Top Producing Residential Realtor
Cherry Hill, New Jersey
856-665-6569
http://PhilMitschForAmerica.com
philmitsch@verizon.net
Special Note
All 6000 + of Phil Mitsch’s 1) U.S. Economic Crisis Solutions, 2) Home Buyer, 3) Home Seller, 4) Real Estate Professional, 5) Mortgage Professional, and 6) Life Lessons can be obtained in his 70 Books that comprise his 8 Training Systems. These Systems can be found at http://PhilMitschForAmerica.com.
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