Fort Wayne Business Credit Rules for Real Estate Professionals to Make (and save) More Money
Because the Credit Scoring System Sucks
Creatively & Legally Get and Keep Great Credit
We are seeing, now more than ever, that credit scores play a vital role in our ability to get money, at better rates, to do deals. Funding is key to our success in real estate endeavors.
But in order to build and maintain your credit you have to know the rules. Most real estate investors and business owners don’t know these rules even exist.
Even Responsible People Accidentally Lower Their Credit Scores
And because of that you can accidentally lower your credit scores even while making wise financial decisions. For example, a large portion of the scoring system does not care whether your payments have been paid on time or how long your account has been open. These 85 points are granted merely for having open accounts. Once an account is closed, you lose that impact on this factor of the credit score.
For Every Stupid Rule There is a Loophole
Stupid rules are why many are calling for massive reform of the credit scoring system. But unfortunately there is no hope on the horizon for fixing ‘the System’. The credit scoring system is brokenness is the reason why Dan Ridenour, CBA, titled his third book, “The Credit Scoring System Sucks”.
Dan knows the credit scoring system, the ways to legally work around it and he is willing to explain it all. He also reveals how business owners and real estate investors can overcome the silent but deadly credit pitfalls so you can increase your lines of credit and cashflow.
Nuggets of Gold in this Insider Interview™:
- Do credit disputes really work?
- Putting it all together to create a better credit future
- Getting your business to make/assume investment loans
- Which are better for property loans: credit unions or banks?
- Having rentals in your personal name effects your credit score
- Influence your credit score with history, ratios, length, type & activity
The answers to these topics, and others covered in this training, will make or break you. Learn to safely and confidently know what decisions to make during your personal and business transactions and to leverage your credit to create more wealth.
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Business Credit Secrets Fast Facts
Excerpts from this training
In the near future we’ll find that credit scoring becomes a must to our success in real estate endeavors. But most real estate investors and business owners don’t even know these rules even exist. To their detriment the uniformed will find out the hard way when they need it the most.
As a member you get this training call with an expert in personal and business credit as well as the top in other fields such as private money, house flipping and rehabbing, wholesaling, creative finance, asset protection and more.
Stupid rules are why many are calling for massive reform of the credit scoring system. And unfortunately, there is no hope on the horizon for fixing ‘the System’. But Dan explains how you, as a real estate investor, can overcome this deadly pitfall.
The last 24 months matter the most for certain types of credit. Listen to what to do first to repair credit the fastest.
Pay History accounts for 35% of a FICO score which means 297.5 credit scoring points. It is the largest category of influence but not nearly to the level that most consumers expect. Hera the loopholes you should know about in the interview training.
The important factor with pay history is: TIME
TIME- The most recent activity has the most impact on the credit score. For example, a late payment in February or a new collection account in February or a perfect pay history in February will have much more impact on your score than 1 year ago or even January. The score impact will reduce over time. After about 24 months since a “late” or “perfect” pay history…the score is barely impacted at all.
REPORT- Keep in mind that even though a 4 year old collection is having very little if any impact on your credit score…..it does remain (as do all accounts) on your credit report for 7 years.
Pay history is important……The most important pay history is that which has occurred in the last 12 months…..Pay history impact is reduced over time.
MEET THE EXPERT
Having personally reviewed more than 14,000 consumer or business credit bureau files, 3 time author Dan Ridenour, CBA, is the most effective coach for who desire to protect their credit score from unforeseen disaster and increase a credit score fast.
Dan is the founder of the CBF Institute, which is a credit education company. CBF Institute studies the impact of Credit, Budgets, and Financials on consumers and small businesses providing specialized trainings, seminars, study materials and personal coaching.
Dan Ridenour earned his CBA designation through NACM and has 28 years of credit / lending experience which includes serving as:
- » President and COO of National Association of Credit Management Inc.
- » Assistant Director of Business Network International
- » National Sales Manager for EQ Financial, Inc.
- » Regional Vice President with Credit Depot, Inc.
- » Assistant Vice President of Indirect Lending with EquiCredit Corporation
- » Assistant Vice President of Indirect Lending with Old Stone Credit Corp
- » Plus numerous branch management / underwriting positions
Dan Ridenour is considered by many as the most effective coach for those that desire to “protect” their credit score from unforeseen disaster or “increase” a credit score fast! Anyone can INFLUENCE THE CREDIT SCORE and Dan teaches people how.
Dan once achieved acclaim when challenged to increase the credit score of a University Professor in Muncie, Indiana. With Dan’s guidance and assistance, this professor experienced a “90 point” increase in just 46 days.
We are in a new world since the ‘too-big-to-fail’ fiasco. I can’t over emphasize the importance of knowledge in building and maintaining credit to a real estate investor.
I encourage you to carve out 30 minutes and invest that time to listen to this Insider Interview™ with Dan on new secrets to get Fort Wayne Business Credit. Doing so will unlocks doors for more deals, increase your cashflow and help you uncover bigger opportunities.”
-Scott FladHammer, Insider Interviews™
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