How to increase your credit score for free? Did you know that people with a 720 score or higher
save on average $10,000 per year versus someone with a credit score
less than 600? Oh, yeah. TThere is so much benefits to having a good credit score
that I'm gonna tell you how to get yours up for free. Let's go.
I'm going to share with you a simple step-by-step process on how to increase your credit score.
I'm going to share with you my real secret on how I went from a terrible credit score to over
800 today. And last but not least, I'm going to share with you my dirty little secret to always
have great personal credit and never worry about it again. Having a great personal credit score can
really save you tons of money. In fact, bad credit is very expensive. We need to fix that. Personal
credit is really easy to learn too. As you know, there are 3 credit bureaus. We have Experian,
Transunion, and Equifax. And each of these three credit bureaus all will have a different credit
score. Now, what goes into a credit score? No one actually knows. But we do know there are
some things that on your credit that affect your score. For example, on your credit report, you'll
have the top where it has your name, your personal information, where you live and things like that.
That needs to be very accurate because if you move around or you change information a lot,
you can end up with a very low credit score just for some of those things being inaccurate.
But the most important thing on your credit report of course are the trade lines. Your trade
lines are your different credit lines. So, if you have a credit card or auto loan, or student loan,
they will report on your credit report as a tradeline. It will tell you the name of
the company, when the account was open, what the highest limit was, what the current balance is,
and how well you have paid that tradeline. For example, if you pay on time, it will have that
you have paid on time as agreed. However, if you pay 30 days late or 60 days late, or 90 days late;
it will be marked on your credit and it can really take down your credit score. Another thing that
really affects our credit score is how much of the utilization we have used. So, for example, if you
have a credit card and the limit on that credit card is $1,000 and you have also charged $1,000 on
it, your credit score will be very low because the credit card limit and the credit card balance are
very close to each other or the same. You really want to have it where your credit line, the limit
and what you have charged on it is much lower. In fact, only about 30%. So, in most examples, if you
have a credit card that's a thousand dollars with the limit, you really don't want to spend
more than $300 of it. That's about how it works. Now, again, there's no magic formula to this but
that's the best way to have a high credit score. Another thing that is super important of course
are your types of credits. You can have credit cards which are revolving a lot trade lines,
you can have car loans which are like installment. And then you have mortgage loans and things like
that which are mortgage accounts. The type and the mix of accounts that you have does
affect your credit score. They want to see that you have different types of credit not that you
just have all credit cards or car loans. You really want to have a mixture between the two.
And last but not least you want to make sure that you don't have any public records or inquiries.
You don't want to have too many inquiries on your credit report. That's how many people have been
checking your credit. Because that will indicate to people that you are trying to borrow money
and they will drop your credit score for that. Additionally, in the public records section,
you don't want to have any judgments, any liens, or any bankruptcies, and foreclosures or things
like that. Types of accounts that they will find in public records because that's usually
derogatory and it affects your credit. So, in other words, you want to make sure that you are
paying your accounts on time, that you have a good mix of credit and that you use your credit wisely.
These are the ways to have a really good credit score. Now, let's talk about how you
increase your credit score if one of those things is out of whack. So, like I said,
one of the major things that affects your credit report is your credit utilization. Again, how much
of your credit are you using? For example, if you have those credit cards, are they all maxed out?
Are they towards the limit? Or do you have a lot of available credit? If you don't have a lot of
available credit, you really want to start getting more credit cards so that you can transfer and
separate those balances out. The last thing that you want to do and trust me from my own experience
is have a bunch of credit cards that are maxed out. Even if you are paying them on time,
this is going to negatively impact your credit. When I first quit my job and I became a real
estate entrepreneur... You know, I'm a real estate entrepreneur a millionaire and a mom of five.
And so, before I was that, I was a working person. I used to have a job in corporate America
and I transitioned from working to becoming an entrepreneur. Well, when I became an entrepreneur,
I needed to advertise my business. I needed to run Facebook ads and Instagram ads and send out
letters and let people know what I was doing. Well, unfortunately, I used my own personal
credit cards and my credit score tanked. Now, this was devastating for me because like I said,
I'd actually started investing in real estate from my parents' basement. I was broke and had
bad credit already. And when I got out of my parents' basement I had fixed my credit. So,
when I quit my job and I started using my credit cards, I could not understand why my credit score
was dropping again. I had worked so hard to get it up. Well, credit utilization was really killing me
and it was really hard to get my credit score back even though I was paying my credit cards on time.
So, the solution to that is get more credit cards. I know that sounds crazy but if you can get more
credit cards, you can easily start to transfer those balances off of those credit cards onto your
new credit cards and make sure that the credit utilization is below 30% like I said. Let me give
you another tip because this blew my mind. The number 2 thing that you want to do and this is so
important is you want to start adding authorized users. So, adding yourself as an authorized
user to someone's account can really boost your credit score. And it's absolutely free. In fact,
this is how I got my credit score from the 500s into the 700s without even doing anything. Okay,
if you know someone that has good credit, for example; a mom, a dad, a sister, or a brother;
they can be what's called a credit sponsor and they can put you on their credit cards.
And this can really help your credit score if they pay their credit cards on time and they
don't really use them. Well, I had a situation where my dad had all of these great credit cards
and he wasn't really using them. So, what he did like his America... He had 2 American Expresses
and a Chase card. He added me onto those credit cards as an authorized user and those credit card
trade lines began reporting on my credit report. So, all of a sudden, I had these great credit
cards on my credit report and they had these very long histories. He had opened some of those credit
cards years ago and although they had become new and I was a new authorized user, when it reported
on my credit report, it showed that I had an account from 10-20 years ago. It boosted my
credit score way up. It's an amazing trick to get your credit score up. All you need to do is find
someone with really good credit. And it's very low risk to them because they do not have to give
you the credit card. You can just use it for the purpose of increasing your credit score. Number 3,
and this is how I got my credit score into the 800s. You have to get rid of all bad credit from
your credit report. I know. Even if you did it, that's kind of the crazy part. So, even
if you paid late or if you didn't pay someone, that does not mean it has to be on your credit
report. You can get bad credit removed from your credit report. And I'm going to give you a secret
on how you can do some of this. So, the important thing about credit bureaus is that anything, any
information that has been reported to the credit bureau, the burden of proof is on the person that
reported it. So, in other words, if you have a Chase credit card, just using that as an example.
It is on Chase to verify the accuracy of that information. Remember this because this is so
important. Anything that is inaccurate must be removed by law from your credit report. So,
the burden of proof is on the creditor. So, in many cases, you can dispute or get things
removed if it's at all inaccurate. Now, again, I am not a credit repair person but I have been
through credit restoration. I'm going to give you a great company. And this is what they did
for me. Anything that's even slightly inaccurate must be removed and they can get it removed. So,
I've gotten tons of inaccuracies removed from my credit report and that is one of the ways that
I have created great credit and I don't have to worry about that because I have this company that
also knows how to do it all the time. And here's a rule. So, one of the things that people will tell
you to in order to fix your credit is that you can also buy tradelines or you can buy someone else's
credit report or buy tradelines for your own credit report. I do not suggest this at all. This
is a shortcut. This is not like a tip. I don't think you should do it. I don't know anyone that
has had any success in doing that. In fact, I have had a student that has done that he shared with
me. He ended up losing points on his credit and even getting one of his own personal credit cards
shut down doing this. You do not need to do this. You can do credit restoration where someone can
add trade lines to your credit report legally and things like that. There's tons of things
that can be done legally and ethically to fix your credit. You don't have to do anything unethical or
illegal. If you need help fixing your credit and you don't want to do traditional credit repair,
I have a great company called creative credit solutions and I have a link below and I'll put
it on the screen to that company. I do not own this company, it's not my company but
it is a company that I have worked with and many of my students have worked with
to get their credit scores up. And I can say from my own testimony that it worked for me and that is
the only reason why I'm referring other people to this company. So, if you have bad credit and you
don't have time to do it yourself, you can spend a little bit of money and they can help you. Again,
super inexpensive and very effective. So, I have written an entire book and I'm giving it away to
you absolutely free. My new book Real Estate Millionaire Secrets is a book where I walk you
through how I took myself from my parents' basement with bad credit and no money to a
multi-million dollar business owner. I walk you through exactly how I did it. I give you the steps
the resources and checklists and tools so that you can do it too. I want to make sure that you
implement everything in real estate millionaire secrets so that you can do it too. You can get
this book absolutely free at noellesfreebook.com. Again, that's Noelle (n-o-e-l-l-e with an
s). Noellesfreebook.com. I want to make sure that you have all of the resources, all of the tools,
and all of the knowledge that you need to be successful. This is Noelle, to your success.