Thank you for visiting Global Software & Computer Solutions Centers, Inc. In this week’s article, we will be discussing insider techniques to raise your personal credit score fast. If there is one main question that I’m frequently asked by my new and existing clients more than any other about credit or credit repair, it’s this, “What’s the fastest way to raise my personal credit score?” My immediate and clear response to anyone that asks this specific question is always the same, “How much do you want to raise it?” There are a wide number of reasons why I ask that specific question. Most consumers would probably not understand why I would counter their question with one of my own, but after reading this article, I am sure that you will understand why.
If you wish to increase your personal credit score rating from say 580 points to say 650 points, then your strategy will be very different from someone wanting to go from 670 points to 725 points. Why is this? The answer is very simple if you think about it, because your starting point is different which requires a different approach and method of attack altogether. Also, while the removal of negative items from an individual’s credit report will almost always lead to an increase in the personal credit score, it’s a very basic concept at best. Therefore, within this specific article, we’ll discuss somewhat, the insider techniques known by very few people (since this is what our company specializes in publishing), and to which lays out the real truth of personal credit and corporate business credit.
In direct relationship to just removing negative items from your personal credit reports, these are techniques which you can use even if you have NO derogatory information on your personal credit reports. We’ll start with the most overlooked credit repair strategy first and that’s your DEBT to CREDIT RATIO factor value. The most fraudulent belief statement that I’ve been hearing for over 15 years now is, “I have excellent personal credit, and I pay all my bills off in full every month!” That statement might in fact be true to the consumer, but what a lie it truly ens up being in the end. This is a false belief statement for one to buy into, and understanding your debt to credit ratio factor value holds the key to getting your “credit mindset” right.
Your debt to credit ratio factor value simply stated here is your ratio of debt to total available credit that you have been extended by your creditors, and which includes (revolving credit accounts only). For example, if you have $10,000 in total unsecured revolving credit accounts and you’re currently in debt $2500, then your debt to credit ratio factor value is 25%. Since the main way that potential lenders make their money back from you by extending credit to you, is by charging you interest, one of the most important elements of the credit scoring model is driven specifically by your ability to maintain balances and pay your debts over a specific period of time. This shows your true (long term) credit worthiness which is most profitable to potential lenders since they make most of their money primarily via interest and not through annual fees.
Over the span of several years of in-depth research we’ve discovered without question that carrying the proper debt to credit ratio factor value will boost your personal credit score faster than paying off your bills in full each month. Although you will want to do this more often than not, from time to time you will want to carry balances in order to build viable credit and payment history. Our company researchers have argued with the Better Business Bureau on this topic for a very long time and they still disagree with our findings (despite sending them proof from Fair Isaacs own website), located at the following URL: http://www.myfico.com
the organization which initially invented the credit scoring software which is used by all of the major credit bureaus today. We will still keep that argument going as long as we possibly can.
Here is the next question to ask yourself, what do you do if you’re like most Americans and your debt to credit ratio factor is too high? For example, you have $10,000 in unsecured revolving credit accounts but you owe $8500, thereby giving you an 85% debt to credit ratio factor value. How can you bring your debt to credit ratio factor value down enough to help without selling everything you own? The answer is very simple and takes us to the next insider credit building technique which is SUB-PRIME MERCHANDISE CREDIT CARDS.
The single most cost effective (and powerful) tool for consumers to use to increase their high credit limit and decrease their debt to credit ratio factor value is the use of Sub-Prime Merchandise Credit Cards which ultimately report to one or more of the major credit bureaus.
Unfortunately, despite their immense benefits, these are the most misunderstood credit cards in the credit industry. A large portion of the misunderstanding is due to marketers misrepresenting the credit cards and the growing number of companies promoting them. When you learn how they work one very quickly understands why they have been the subject of much misrepresentation, and why many people choose not to use them to build up their credit scores. This is a serious mistake, and if you think about it, it is much more effective than the use of an authorized user account, and carries no credit implications like authorized user accounts do. Let us explain this in a little more detail.
A Sub-Prime Merchandise Credit Card is nothing more than a credit card attached to a line of credit (LOC) which allows you to buy merchandise from a specific vendor (usually the company that sold you the credit card). The actual merchandise (in most cases) will usually be purchased directly through a catalog or an online mall. Where the problem arises is that the credit cards are marketed almost exclusively to the subprime market via email campaigns, telemarketing campaigns and direct mail Etc. The reason for this is that they can advertise almost irresistible offers like “$5,000 Credit Card… GUARANTEED! No Credit Check! NO Cosigner! You cannot be Turned down!” or you might even see this, “Unsecured $10,000 Credit Line! Everyone Is Approved!” We’re sure that you get the general idea here. This is the way that the marketing firms sell these credit cards. You just have to know which credit cards are good, and which credit cards are bad, just like commercial credit cards.
While there are many companies which do this and are “shady at best”, there are a few which do it legitimately and it’s one of the very best kept credit building secrets in the credit industry today, which is used to build your personal credit score and build it fast. Here’s how the whole thing works in its simplest form: The Company approves anyone with a pulse (literally) and gives them a credit card for $2,500 to $12,500 with NO credit check and NO cosigner. However, the credit card is only good for merchandise through their website or catalogs and the consumer is required to put down a deposit on whatever they purchase. After the initial deposit is paid, the remaining balance is financed on the credit card. For example, a person buys $1,000 worth of merchandise. Their deposit is $300 so they then finance $700 on their merchandise credit card and make payments on that financed amount.
Does this sound like a scam to you? If you say “Yes” like most people would say, then you’re missing the whole point… BIG TIME. With a legitimate Sub-Prime Merchandise Credit Card your credit line WILL be reported to at least one major personal credit bureau (or more). Some of the better merchandise credit cards report to all three personal credit bureaus, which can only speed up the credit building process. This means that if you get a $5,000 credit card and you finance $500, on your credit report it will look like any other unsecured credit card and will do three extremely important things for you. These three things are:
1. It will increase your current “High Credit Limit” by $5,000 almost overnight as the account “looks” like any other unsecured revolving credit card account. This is a major key benefit to you.
2. By carrying a small outstanding balance it will positively impact your Credit report by building and showing potential lenders your credit worthiness which is another key benefit to you when building your personal credit score.
3. With a good payment history you are virtually guaranteed to receive “legitimate” pre-approved credit card offers in the future due to other lenders renting your name from the credit bureaus. This is what you want to happen. Getting your name out there in this way will assist you in building positive credit on your credit reports very quickly if you begin to accept some of those pre-approved credit card offers that you receive in the mail. Just be careful when selecting from these pre-approved offers. This technique is hard to beat for both cost and effectiveness. Of course, the whole key here is knowing exactly which credit cards report to the major credit bureaus and which credit cards offer the best rates. The main credit cards that we recommend to our new and existing clients are found here at these website URL locations: http://www.5kcreditline.com And: http://www.csbclient.com For current Credit Secrets Bible clients of ours, we also have a 24 hour info line at: (801) 350-3999. This number gives you the latest strategies and insider techniques for raising your personal credit scores fast. The only other thing more effective is the “PIGGYBACKING method” while it lasts. Despite its virtually unlimited potential, the piggybacking method is not used by nearly as many consumers as it should be. It’s easy, effective, and extremely fast. Unfortunately, it’s mostly used among parents and siblings while those who can really benefit from it, stay in the dark. How it works. Almost every credit card or credit account will allow the primary account holder to add on (at a later date) what’s known as an “Authorized User” or “Secondary Account Holder”. In most cases, when this is done, the entire account history (retroactively) gets posted directly to the authorized user’s credit report regardless of their current age or credit history! Many fraudulent credit repair companies on the Internet will sell these various types of accounts to unsuspecting clients, but WATCH OUT! Nearly all of these companies remove you after 90 days, and many of these accounts have current credit problems associated with them. You can get a majority of these types of accounts from valid sources, such as friends or family. If the person is responsible and pays their bills properly, then you can trust using that account to build your credit score fast. For example, if it’s a credit card with a $10,000 limit which has been paid as agreed for the last 10 years, then that complete history will be posted directly to the authorized user’s credit report. We once saw a client’s credit report that used this technique with his mother. He was only 24 years old at the time and he had a $15,000 Gold credit card on his credit report with history going back 11 years! We laughed as we thought that this kid would have had to be approved when he was about 13 years old for this account to truly be his! As you can see, this strategy is usually only used by parents and their Children and in most cases with no regard to the benefits that the children are reaping credit wise! In fact, in recent years, due to its effectiveness, this technique has led many individuals with excellent credit scores to “rent out” authorized user accounts on one or even multiple credit cards in return for a fee! We once recall seeing an ad in USA TODAY for just such an opportunity. What a way to make a lot of money on people who are struggling financially. In fact, this method has been exposed on recent CNN news broadcasts, and the credit bureaus are catching on FAST! Like most good credit loopholes, we’re absolutely sure that these methods’ days are numbered much like what may be the case with ADVANCED CREDIT PROFILING techniques. You might be asking yourself this question, “What is ADVANCED CREDIT PROFILING?” We’ll give you a very brief overview of it here in this article. This is a credit building strategy while not complex, can be taken to very complex levels. Even in its most basic form, its taken advantage of by very few consumers. It involves intentionally building your credit report in a unique way which creates a “profile” that closely fits the criteria of most potential lenders and creditors (as well as the overall credit scoring system). Again, this is an insider technique which can be used in a myriad of complex ways, but for simplicity sake, we will explain it in its most basic form here. While many consumers will boast when they have 10, 20, 30 or even 50 thousand dollars worth of credit cards listed on their credit reports, many of these same people do NOT have even one mortgage, automotive loan or lease, equipment loan or even a line of credit (LOC) with a local bank or credit union. These other forms of credit create a much more well rounded credit profile for the consumer. This is achieved by showing greater credit account diversity and experience with multiple types of credit due to the various lines of credit (LOC’s) that are held by the consumer. For example, a person with $50K in credit cards does not represent near the credit experience as a person with the same $50K along with a mortgage, an automotive loan and an equipment lease. We have clients who have financed vehicles not because they had to (or even wanted to) but because they “needed to” in order to create a credit profile that would position them in the future to secure the lowest possible rate on a mortgage or lease when they applied for it and needed it. More complex forms of Advance Credit Profiling involve one subscribing to affluent or semi-affluent business and professional publications and Organizations. These would include: magazines, newsletters, trade journals and national associations. The main goal here is to get ones name placed directly into the databases of these publications and organizations. Why is this? The answer is simple; to get on highly targeted credit campaign lists in order to receive select credit offers from potential lenders. Marketers of credit offers have found that simply renting names of consumers directly from the credit bureaus does not always provide them with enough information about the person as a credit risk anymore. Therefore, it is speculated that many potential lenders will rent a list of potential clients directly from the credit bureaus and then they will cross-reference this list against another list that they have secured from a consumer source such as an affluent business or professional publication, trade journal or organization. We believe that this cross-referencing technique is performed on a frequent basis. By crossing the two lists together the marketers find the names contained on both lists. This in turn provides them with one highly refined and targeted list to mail their credit offers to. These types of references result in shortening the process of securing a new quality account holder, thus lowering the overall account acquisition cost of new accounts and the risks associated with them. When a consumer learns how to intentionally put themselves into these types of databases to wind up on these refined lists, the credit building process is sped up exponentially. Of course, many consumers would call this “highly speculative” but we have undeniable experience and proof that it in fact does work. Now let’s move on to another insider technique that can rapidly build your personal credit score fast. This is the infamous DEPOSIT LOAN PROGRAM. DEPOSIT LOAN PROGRAMS. This is a technique so unbelievable that we actually in fact, proclaimed it had to be a scam before researching the true facts. It allows the consumer (or business) to have a $25,000 to $250,000 loan appear on their personal credit report or on their corporate business credit report as “Paid as Agreed” by way of very creative financing. This powerful credit building method is extremely effective and is not usually within the budget of most ($750 to $7,500 upfront) costs to most consumers. Also, because this technique takes advantage of certain banking laws, we have reason to believe that it could be made unavailable at any time if those banking laws were to Change. Anything that is truly advantageous, usually won’t last long. This powerful credit building method can be used with consumer credit files on SSN’s as well as business and corporate credit profiles done on TIN’s and EIN’s as well as Dun & Bradstreet. In the end, all of us need to remember that today our credit score is much more important than it has ever been in the history of the credit reporting system. While credit miracles don’t happen overnight as many fraudulent credit repair companies would have you believe, you can create your very own credit miracles by applying simple insider strategies and techniques consistently over a period of time. Before you know it, you’re a very proud member of the 700 Club. The “700 Plus Credit Score” club that is! You can raise your personal credit scores fast, and on your own, but there are no overnight strategies or quick fixes to doing it. You must be patient, willing to really work the system, and be dedicated to making it work for you. You are the engineer and pilot of your future credit profile, so don’t let anyone ruin it. Protect it with your life at all cost. If your credit scores are bad, fix them over time, and not in a hurried or desperate manner. We will add more to this article as we obtain more detailed and researched information. If you have any specific questions about this material, please feel free to contact us at this toll free telephone number: (800) 922-5170.
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