FICO officials answers whether canceling a credit card hurt your credit score?
Duration : 0:2:32
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21
February
FINALLY!…Insider Credit Repair Secrets Revealed
Is your credit report holding you back? Is there inaccurate information on your credit report? Do you intend to apply for credit and want to get your credit in the best shape? Discover The Insider Secret Manual That Will Help You Eliminate Bad Debt, Raise Your Credit scores & Get Approved for Loans & Credit Cards… Even If You Have No Credit Building Experience, Bankruptcies Or Severely Damaged Credit! STOP being embarrassed! STOP overpaying for credit! START living your life!
If You ever Wanted To Know How To Get Rid Of Bad Credit & Get Out of Debt Quickly Then YOU MUST WATCH THIS VIDEO. www.TheCreditRepairSecrets.com
Duration : 0:1:19
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12
February
Credit Q&A: How is Bad Credit Removed?
http://www.bluepointcredithelp.com – Terrence Johnson, CEO of Blue Point Financial, answers your most pressing credit questions! Today’s question: How is bad credit removed from my credit report?
Duration : 0:2:13
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05
February
Unsecured Lines of Credit – Liability of CFO
Gary Rees explains that the liability of the CFO is very limited. The CFO, for the busines, FICO score is not touched or affected by the business finance. The CFO credit score is used for obtaining the lines of credit. There is also no collateral required by the CFO.
Duration : 0:1:26
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http://www.credit4profits.com
Learn about Starting a profitable home-based credit repair business.
http://www.creditrepairprofits.com
Duration : 0:6:41
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Fair Isaac Corp., the company responsible for FICO credit scores, has decided that when it unveils a new version of its credit score system in September, it will close the loophole that allowed piggybacking.
Angry proponents of piggybacking say they’ll organize a grass-roots campaign to fight against the change.
With piggybacking, a consumer with poor credit is placed as authorized user on the credit card of a person with a stellar credit history. Authorized users benefit from having the payment history of the primary cardholders show up on their credit reports, thereby improving their credit scores.
Lenders have complained that it is fraud and distorts the credit score system.
Internet companies have created an industry by playing middleman — paying a small sum to those with good credit to take on those with bad credit as authorized users, then collecting healthy fees from those consumers.
Now one of those Web-based firms has threatened to organize an effort to expose problems in the credit scoring system.
“Our very existence (proves) that the FICO system is so flawed,” says John Coates, spokesman for Instant Credit Builders based in Largo, Fla.
Fair Isaac says that starting in September it will ignore authorized users as it calculates the renowned FICO credit score.
“Fair Isaac has become aware that Web-based services are using authorized trade lines to defraud lenders,” says Craig Watts, spokesman for Fair Isaac. “While we work with the financial services industry on an industry solution, we wanted to protect lenders and FICO scores.”
The FICO credit score is used by lenders to assess risk in lending money. Lenders factor this number, which can range from 300 to 850, in credit decisions. Watts says 90 percent of the largest U.S. banks base their loan decisions on FICO credit scores.
Watts says the change will prevent people from misleading lenders about their true credit risk.
Coates argues the system can’t be easily changed.
“Maybe our system can definitely show you, OK, there seems like there’s a loophole and there are flaws that increase the score. You know what? There are also a zillion flaws that decrease the people’s scores.”
He says Instant Credit Builders plans to bring to light every flaw in the credit scoring system.
“We are building a community of people that are going to stand up. We will petition against it and we are actually going to formulate plans to work together as a grassroots effort to actually create a financial revolution,” he says.
Those who rent credit histories won’t be the only ones suffering a loss. Often parents will attempt to give their children a jump-start on a good or improved credit history, and they’ll be taking a hit as well.
Duration : 0:3:7
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10
December
How To fix My Credit | Credit Repair Company
http://www.KaydemCreditHelp.com
Call us: (866) 237-0013
You want to fix your credit, looking for a credit repair company that will raise your credit score? Welcome to Kaydem Credit Help
Rebuild Credit: Insider Credit Repair Techniques to Improve Credit Score Fast!
What’s the fastest way to raise your credit score? To quote the classic magazine salesman from the movie Office Space “That all depends”…
While the removal of negative items from your credit report will almost always result in an increase in your credit score, there is a method that works better.
Here’s why. Adding positive accounts is actually more effective at improving your credit score (in the short term) than removing negative one. Unfortunately, few consumers or credit repair companies know this.
One of the biggest problems with trying to get approved for new credit is that you need to “have” credit in order to be approved. This causes a sort of catch 22.
How does one “get” credit if no one will give them credit because they don’t have any credit to begin with? A vicious cycle indeed, but a real one. However, if you have someone you can use a cosigner this is NOT a problem. Simply have them cosign on the new credit application for you. If you don’t have a cosigner, read on.
Contrary to popular belief (or what myfico and credit repair companies would like you to believe), the largest factor in building a solid foundation for your credit score comes down to two credit scoring factors:
1.) The “High Credit Limit”
and
2.) Your “Debt to Credit” Ratio
Your high credit limit is simply the total amount of primary unsecured revolving credit lines you have (i.e. three credit cards at $5,000 each equals a high credit limit of $15,000).
Get it? Good.
Your debt to credit ratio is simply the amount owed on these cards in relation to your high credit limit (i.e. if your high credit limit was $15,000 and you owed $7500 your debt to credit ratio would be %50).
Keep in mind, your high credit limit is comprise ONLY of your total amount of unsecured revolving lines of credit. Home mortgages, auto loans, student loans, equipment leases and debit cards do NOT count towards your high credit limit.
A debt to credit ratio of 25% or less is ideal. Of course, there are many other factors which come into play, but keeping it simple, how does one improve credit score via increasing their high credit limit and lowering their debt to credit ratio?
That is the question….
The fastest way we have found is by adding primary user unsecured revolving lines of credit which are guaranteed approval (note: these are NOT authorized user accounts!).
These are unsecured lines of credit which appear on your report just like a visa card, mastercard or department store card etc.
We have found that while unsecured credit is the most difficult to obtain, it has proven to be the highest scoring on ones credit report. To find out the fastest we’ve found to add primary unsecured revolving lines of credit to your credit report, please visit:
http://www.KaydemCreditHelp.com
Duration : 0:2:2
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http://www.CreditRepairPublishing.com
Credit Repair Companies: Can They Improve Credit Score Better Than You?
Do you believe an Attorney who can earn $250 an hour will actually work on your credit report for $49 a month?
Or, do you think the whole process is automated and boiler plate letters are spit out on their behalf?
For $49 a month do you feel they are going to “drag out” the process to make more money? Or, do you feel they just want to help the masses by making it affordable?
Will they disclose what they are actually doing? Show you the letters they are sending? Will they dispute with more than one bureau at a time per a month?
Are they just sending dumb letters over and over claiming the account is not yours? Or, are they actually doing factual disputes against the items on your credit report.
Are they going to go over each detail of your report and the EXACT errors on each item? Or, are they just going to shotgun dispute everything and anything that is negative on your free credit report?
Lexington Law is well known for doing credit repair and some people swear by them… but others have complaints. Why so many complaints? Complaints on www.scam.com and www.ripoffreport.com ?
Some people are happy and others are not. Other credit repair lawyers and law firms like www.OvationLaw.com and www.CreditAttorney.com use the clout of being a law firm to make consumers feel more attracted to them.
In reality, you don’t need an attorney to provide you with credit help or legal credit repair. What you need is someone who knows what they are doing in the field of credit restoration. This can be your or someone else.
Be careful. It’s jungle out there.
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Duration : 0:9:58
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17
November
How to build business credit with (DNB)
http://www.thebusinesscreditasset.building.officelive.com
get unsecured credit 150k in 90 to 120 days with out a personal gurantee with vendors and lender that will extend credit to your business if you follow the free steps building credit.
Duration : 0:1:41
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I used to have bad credit, and these are 5 simple things you can do to improve yours.
Feel free to repost this and pass it on to as many people as you wish.
While watching the video click on “share” right below.. and share it with all of the people on your friends list… or email the link to any and everyone you know… You never know who you might save from getting bad credit, or who may need help getting out!
http://www.youtube.com/watch?v=Tfa2flQ5d08
http://www.youtube.com/watch?v=5S2j4XgYY3g
I want everyone to begin the journey into having excellent credit, and this is the first part of a 3 part series.
Duration : 0:8:5
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