How to fix a bad credit score ASAP? Do you have bad credit? Problem credit? Collections?
Not paying people and now your credit score is super low?
Well I was there too. I used to have terrible credit and now I have great credit and I'm
going to share with you how I did it and more importantly how you can do it too. Let's go.
I'm going to share with you the fastest ways to get your credit score up for free. I'm gonna
share with you my real story on how I went from 500 credit scores to 800 credit scores and I'm
going to share with you a big secret that my student gave to me on how to get his credit
score up 100 points very recently. So let's talk about what a bad credit score is and what makes a
bad credit score. So, many of you may be familiar with the three credit bureaus. We have Equifax,
Experian and Transunion. All three of these credit bureaus have a credit score based on your credit
history. So let's talk about some of the things that go into your credit history. So you'll have
on your credit report, it'll have at the top it'll have all of your personal information,
it'll have your name, it'll have any aliases that you have, your address, your date of birth,
where you live and your personal information that identifies you. Now, having mismatches in this can
lower your credit score but we're going to talk about that in a second, but that's usually right at
the top of your credit score. Then the main thing of your credit score are trade lines, that is what
makes your credit score. So many of us have trade lines. We have a credit card with chase or maybe
Victoria's Secret or from some store and that could be a trade line. Maybe you have a car note
and you have a bill and each month you have your cardinal and that reports as a trade line on your
credit report or you could be well established and have a mortgage and have a house and that's when
your credit report. The good thing is if you rent from an apartment complex, most of the time this
is not reported as a trade line on your credit report. Some do but most of them do not. So most
of the things that are on your credit report are different trade lines that you have which
are unsecured credit or secured credit, things like credit cards and things that are secured by assets
like card notes and mortgages. And to have a great credit score, you need a mix of the different types
of trade lines. So you're going to need different types of loans, you'll need credit cards, you'll
need personal loans, you'll need student loans, you'll need mortgages, you'll need credit cards.
Again, you'll need credit cards on your credit report in order to truly have a great credit score.
Now you may be like me and you're in a situation where you now have a bad credit score. You have
a credit score that is less than 640 and it's probably because of three things. It's probably
either because of collections, meaning you did not pay people and it went to the collection agency
or you have late payments, meaning you didn't let it go to a collection agency but you paid it late
or you may have major things on your credit report like evictions, foreclosures and car repossessions.
Major things where they had to actually take something, you borrow money for something and
they came and took it back. If that has happened to you, you probably have a very, very bad credit score,
kind of like when Noelle started. I started investing in real estate from the worst situations ever. I
had terrible credit. I literally started investing in real estate when I was working a full-time job
in 2002, 2003 and I ended up losing everything by 2008 and 2009 when the collapse happened. So
I had tons of foreclosures on my credit report, I have bankruptcy, late payments, repossessions,
foreclosures. I mean everything terrible that you could have on your credit, I had on my
credit report and I had a terrible credit score so let's talk about how you get that credit score up
because I know what it's like to have bad credit. So let's talk about good credit and how you get
good credit because this is what we are all going for. In order to have a good credit score, you are
going to need to pay your trade lines on time. This is so important that every single payment is made
on time, none of the payments are made more than 30 days late. So in many cases, you will have a grace
period so maybe for example your credit card is due on the 10th and you made the payment on
the 15th or the 20th, most likely they will still report that on time. They'll only report it late
if you pay more than 30 days late. So if it's due on the 5th of September
and you pay it on the 6th of October, you're gonna have a problem on your credit report. They're going
to mark that you are 30 days late and those really hurt your credit score. Another thing is collection,
so if you continue to pay late and eventually you don't pay for something, it will go into a
collection status and it could even go as a public record if they sell it to a collection agency, so
that's another thing that really ruins people's credit is collections and charge-offs and then the
last major thing is like I said is major defaults like evictions, bankruptcies and foreclosures. Those
things absolutely kill your credit score and don't make you have a great credit score.
So if you want good credit, you'll pay every one on time, you'll have a mix of different credit so
that is very important to have a good credit score, you'll have a different mix of different types of
trade lines so you'll have car notes and credit cards and mortgages and loans, different types
of loans that you have done that you pay back on time. That really helps your credit score and then
another thing is the length of time that you've had these accounts. So if you had a credit card
and you only had it for one year, that's not going to boost up your credit score as much as a credit
card that you've had for three years or four years. So the longer that you keep your accounts open and
you pay them on time, the more your credit score goes up and then last but not least of course is
no major defaults. No charge-offs, no evictions, no foreclosures, no bankruptcies. If you have those
things on your credit report, you have to get them off of your credit report in order to have a good
score. It's really hard to have a credit score over 700 with an eviction on the credit report
or a foreclosure or a bankruptcy so you really got to get those things off. But I'm going to tell you
some easy ways to get good credit now that you know what having bad credit versus good credit
really looks like. So let me give you three sneaky ways to boost your credit score ASAP.
The first one that I use and it immediately got me a hundred points on my credit is authorized user
accounts. Yes, like I've told you before, I started investing in real estate when I was bankrupt,
broke in my parents basement with no money. I started wholesaling houses and that's how I made
money and got out of my parents basement however, I still had bad credit and I needed to make money
to use that money to fix my credit but one thing that I did that was absolutely free was getting my
dad who had lots of credit cards and he paid all his credit cards on time and he had good credit,
he made me an authorized user on many of his credit cards and we were very strategic. We used
his good credit cards that he had really high limits on, that he's had for a very long time
and that he pays very well. Not any of his credit cards that he uses all the time,
the credit cards like American Express, he had a Chase card, he has some really good credit cards
that he made me an authorized user on. Now once he made me an authorized user, they sent a credit
card with my name on it, okay? Now, my dad trusts me, he loves me, he gave me one of the credit cards. He
didn't give me all of them. I don't know why I'm a responsible person, I wasn't going to run up his
credit cards but if you have someone that wants to do this for you but is afraid that you may mess
up their credit, they don't have to be afraid. They do not have to actually give you that credit card
and it will still report on your credit report. All you do is activate the credit card and whatever
activity that they're using on the main account will report on your credit. So as my dad was using
his American express that he had for 20 years, I was getting boosts on my credit report and all of
that activity was now reporting as good activity on my credit report and it started to overshadow
some of the bad stuff that I had. It was an amazing thing to do and like I said we just did like three
of the credit cards or four of the credit cards and he only gave me one of them in my hand, the
rest of them he just kept in a case I needed them but he didn't want to give them to me in
the beginning, he didn't trust me, whatever, that's cool. You can find someone to do this for you too
and again, it's absolutely free. The second sneaky way to boost your credit score is getting things
deleted off of your credit report. Yes, you can pay for deletions. So like I said, I had bad credit. I
had lots of things on my credit report that were supposed to be there. You know it was things that
I had done things, I hadn't paid however I did not want them on my credit report and there is
no thing that says they have to keep it on your credit report. So in many of the cases I had like
some foreclosures and a few evictions or things like that, I was able to pay to have it deleted so
not only am I going to pay and settle this debt, I am paying for a deletion, okay, and I would be able
to negotiate with those different creditors and I would literally negotiate where I would
pay them and they would delete it from my credit report. Now I'm not going to get into all of the
specifics on this. I have an entire playlist where I teach you how to remove things from your credit
report, I'm going to put a link to that video you can watch that whole video. So if you need to get
a lot of things deleted and you need letters and what to say, I have a whole video teaching you that
but paying for deletion is a great way to boost your credit score really quickly but of course
it does involve money because you have to pay for the deletion. All right let me give you the last
one, it's amazing. And then last but not least, a sneaky way to boost your credit score ASAP
is new credit. Yes, if you can get new credit with a very high limit, this will boost your credit score.
Now you're like wait a minute, who's going to give me new credit, Noelle? I have bad credit. What I'm
going to tell you there are some companies that do this specifically to help people get their credit
scores up. So there's a company and I'm going to put a link, it's called My Jewelry Club and
they give out five thousand, ten thousand dollar limits and they report to all three credit bureaus.
So one of the things that I did is I opened up account with them. Yes, it cost me a little bit
of money because it's a club, it's a jewelry club membership and it was a five thousand dollar limit.
I could buy jewelry with it. Diamonds and necklaces and things like that, things I'm not really into. I
was really into it for the trade line so I don't even think I actually ever bought anything from
them. I think I bought maybe one thing from them just to show activity but what it was was a new
trade line. It was someone lending me money right now with my bad credit so that signals to the
credit bureau hey wait a minute, someone's lending to Noelle. You know they're giving her new credit
so obviously she's not so bad and it boosted my credit score up once I reported on my
my credit report, the trade line reported on my credit report, I was able to now have a new trade
line with a $5,000 limit, I charge something for like- I bought something for like maybe 100 or $200
and then I just made my payments and that trade line is still on my credit. It was on my credit for
years before I ever closed that account and I just had to pay a yearly membership in order
to keep that account open and keep that trade line going. So this is an amazing thing that you
can do. I have a whole checklist of different companies like My Jewelry Club that does this
and I'll give that to you absolutely free. There's a link below in the description box if you want
that with all of these different companies that do it and last but not least, I have to share this
because this is an amazing. Number four, this is my bonus way is business credit. If you want to really
improve your credit score and never have to worry about it again, you need to establish business
credit. One of the amazing things that changed my life was establishing business credit and never
having to worry about my personal credit again. I literally have been able to transfer personal debt
onto my business and now my business pays it and my personal credit is perfect and it stays intact.
So one of the things, like I said, I'm going to tell you all of this because that's just what I do. I'm
already rich so I might as well just share with you. Once I had my credit score back up, my personal
credit score back to a good number like 750, I started using my credit cards to run Facebook ads,
Instagram ads and to do some things to really boost my business and my credit score went down
again. So I had worked so hard out of my parents basement, got it out of the 500's, got it back into
the 700's, I'm working in my business and boom, my credit score goes back from 700 into the 500's
because my credit cards are almost to the limit. I was devastated but here's what I learned and
I'm never going back. I started opening business credit cards. Chase Business Inc., American Express
in my business's name and then I take those credit cards that I had in my personal name
and I transfer those to my business. So those same payments that I was making on my personal credit
cards to Chase, my personal Chase account, I just make those same payments to Chase Business Inc.
All I did was transfer the debt and then pay that debt, you know my credit score is going up and down,
I only have the business credit cards and my personal credit score stays intact. It
is an amazing business secret. All of the major businesses do this, most major businesses have debt,
you should too and that is what you want to do because you not only protect your business, you
protect your personal credit score this way so please make sure you implement that. So there
you have it and I have an amazing offer just for you. A special gift go to noellesbookoffer.com
so that you can get both of my books, Business Millionaire Secrets and Real Estate Millionaire
Secrets, absolutely free. I will give you both of these books absolutely free, you just cover the
shipping. Go to noellesbookoffer.com. These two books have changed my life. I have shared all
of my insider secrets and tips and I want to make sure that I'm sharing these things with
you too. You can read these books and get all of this knowledge for a very, very affordable price.
You do not have to pay for mentorship or go to any conferences or anything like that. All of the
information is in those books. I just want to make sure that you get it at a very affordable price
and that you implement it. I just 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.