As a Credit Hero, you work hard every day to clear up your clients’ credit reports, so they can get the BEST results.
But being successful in credit repair is more than deleting errors and disputing.
Wiping away those items is half the battle!
A major part of your success is also about understanding how the system works and using everything possible to your advantage, including one of the MOST IMPORTANT parts of the process ... credit building.
In this article, I’ll lead you through the best ways to BUILD CREDIT …
Plus, I created a mini-workshop so you can go more in-depth with the best credit building products available.
Understanding these products can help you and your clients to ....
It gives you a TON of research and detailed information about all of the latest and greatest credit building products on the market, the credit line amount, what bureaus they report to, what type of account gets reported, their fees, the pros and cons, and a bunch of other really helpful information …
AND a direct link to sign up as an affiliate with whichever ones you like the most! You can simply join the affiliate programs, then refer your clients to them, which generates residual income for your business!
It’s really EASY to do and takes almost zero effort.
Your clients will love you for it!
The THREE credit building products to help INCREASE your CREDIT SCORE
Revolving accounts are the cornerstone of every credit report and if you want the HIGHEST SCORE possible, they’re very important.
So what does revolving credit really mean?
It means you’re given a credit line with a limit and you can charge purchases up to its limit.
Also, you pay interest on balances you carry and as you pay it down, you can re-use available credit again and again.
And, there are benefits to having available credit on revolving accounts like credit cards.
Revolving credit has the potential to impact your credit score in a few different ways, but the most important area it affects is how much you borrow in relation to your credit limits.
This factor, which is also known as credit utilization, makes up 30% of your credit score.
In general, you will position yourself for better credit if you keep your total credit utilization across all your credit card accounts as low as possible, preferably under 30%. This means, you should make sure you owe $300 or less for every thousand dollars in credit available to you.
One thing to keep in mind is that keeping a reasonably low level of credit utilization can be tricky, so in my FREE workshop, I’ll take you deeper into how EXACTLY to do that for yourself and your clients!
Installment accounts are just as important as revolving accounts for building credit and gaining trust. In fact, having a healthy mix of both revolving and installment lines makes up about 10% of your total credit score.
So what are the key differences between revolving and installment accounts?
Revolving accounts ...
Installment accounts …
Remember, though ... not all installment accounts are the same.
So in the FREE mini-workshop, I’ll cover the differences and how you can leverage those to help your credit scores and your client’s credit scores!
Did you know you can build credit by reporting rent and utility payments?
You can! It’s a little-known secret, and it’s really, really easy!
Nearly everyone has utility bills like gas and electric, phone and internet and the vast majority of credit repair clients pay rent. In fact, over 43 million people in the United States do!
So if you can build credit with utilities and rent, why don’t most people know about it?
Well, unlike credit cards, loans, and mortgages - utility providers and landlords are not lending you money.
They are selling you services and they don’t automatically report to the credit bureaus, so there is no real record of it ever happening on your credit report.
But there are some new services that help link those accounts to your credit report, and in the FREE mini-workshop, I’ll share with you exactly what those are so you can leverage rent and utilities for you and your client’s credit scores!
Remember, as a Credit Hero, removing the negative items is half the work, the other half is adding positive accounts, adding the right accounts, adding a good mix of accounts which will maximize the overall credit rating, paying on time, and making wise financial decisions.
If you’ve always wanted to tap into changing lives and help your clients this way, now is your chance to start!
To register for this limited-time, FREE Credit Building Products mini-workshop, just click the link below!
And if you’re just starting or thinking of starting your credit repair business, I want to invite you to join our upcoming Credit Hero Challenge. During this couple-week challenge, I’ll hold you by the hand and take you step by step as you launch your very own credit repair business!
It’s a highly interactive program with LIVE coaching calls, daily mentorship, and a ton of action steps, bonuses, and you even get certified in three different areas!
So go check it out at creditherochallenge.com today!