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Resources

Any financial transaction can be overwhelming for a first-time home buyer or a seasoned professional. Here are some hand chosen links that I feel really help a consumer get educated while eliminating the fluff.

Navigate to: Home – Credit Score – Tools – Info

Credit Score

I’m not a credit repair specialist and not offering any specific advice – these are topics I think would interest you. I don’t have any specific recommendation on any particular strategy or vendor – YMMV 🙂 I am not currently a referral partner for any specific person. 
  • Piggybacking
  • Experian Boost
  • Credit for Paying Rent
  • Secured Credit Cards
    • These are easy to get as you first send them the money to hold. You get it back when you close the account. Its great to start getting transaction history on your report. There are down sides on some, like they may charge monthly fees or do a hard credit pull.  Some are great as they are free and only do a soft credit pull or no pull at all.
  • No Credit Check loans
    • Some places allow a small quick loan (200-1000) without a credit check, some banks offer larger amounts (5k-20k). Each has its own benefits/downsides. Interest rate may be more than you are currently paying on credit cards. Too numerous to mention but plenty of info on YouTube, check this channel out for some great ideas.
  • “Pay To Delete” Derogatory items
    • There are tons of templates out there. The key thing on this is that simply paying off charged off items won’t remove them from your report. It is optional for the creditor to remove them. You need to be clear in negotiations prior to paying them off what are your expectations and get them to put in writing exactly what they are going to do – like delete them from your report 🙂
  • Credit Repair Companies
    • I’m not a big fan of this so won’t list any companies. Most of this stuff you can do for yourself. 
  • Other Options
    • The government has an official site to get your credit reports to identify errors. It won’t give you a score.
    • Ensure all business charges are on specific types of business credit cards – specifically, ones that don’t report to your personal credit. Credit utilization is 30% of your personal score but in many cases BUSINESS ACCOUNTS DO NOT COUNT AGAINST YOUR PERSONAL SCORE – and in fact they prefer high utilization b/c they are making money. This subject is very advanced, and in some cases you can adversely impact your personal score. I am happy to talk in depth with you regarding this as I’ve just recently learned a lot. This is one article that shows pro’s and con’s at a general level. A step by step guide would be dependent on each person’s situation.
  • Monitoring
    • Of course it’s critical to monitor your score and the reported items as how will you know what direction you are moving. I’m sure you know this but wanted to include it in my report as there are a ton more monitoring tools out there than there used to be.
      • Your Credit Cards – most already allow you to see your score for free from at least one bureau
      • www.creditkarma.com – Free, I use this personally.
      • www.capitalone.com/creditwise – seems legit as its linked right from capital one. Beware of potential scammers when searching for these tools trying to get your personal info.
      • The bureaus themselves. I know Experian will give you your FICO 8 score.

Navigate to: Home – Credit Score – Tools – Info

Tools

There are a ton of tools out there, it can be overwhelming. Here are a few of my favorites.

Navigate to: Home – Credit Score – Tools – Info

Info

There is so much out there, here are some good starts.

    Navigate to: Home – Credit Score – Tools – Info