Added: Sep 25, 2007
From: CreditSecretsBible
Duration: 9:12
Free report at:http://www.CSBCards.com - (*24hr Recorded Message: (775) 473-9014*)CREDIT REPAIR: info from the credit secrets bibleRebuild 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"and2.) Your "Debt to Credit" RatioYour 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.CSBCards.comBy opting in you're receive more free valuable videos, reports and education on improving and maintaining your credit as well as information about our products and services. Your attention and support is appreciated.Please sign in to rate this video.Thank you.
Channel: Howto
Tags: credit repair secrets bible
Rating: 4.28' max='5' min='1' numRaters='100' rel='http://schemas.google.com/g/2005#overall ( ratings) Views: 107320 Comments: 20
jeffery19677 Says:
Jan 9, 2008 - Great info even if someone doesn't check out your site. I am going to your site next.
anyloan1 Says:
Feb 4, 2008 - thanks for the free advice!
anyloan1 Says:
Feb 4, 2008 - I forgot to give the thumbs up!
BEAUTIFULJUNE3 Says:
Apr 21, 2008 - wow thank you so much. i need some credit cards fast.
anthonybodo Says:
Jun 1, 2008 - Credit bureaus are manipulated by financial institutions to get the highest interest they can.My credit score is under my mattress.It is the best credit score.Anything else is just numbers
scorecredit Says:
Aug 23, 2008 - thanx for sharing this..thumbs up
HomesickNYC Says:
Sep 26, 2008 - anybody recommend any good sub-prime cards that are goood to use obviously through experience? Thanks in advance...
SteveMon64 Says:
Oct 26, 2008 - Thanks for the advice. Are there any advocacy groups addressing the scam that is credit reporting? If so please let me know as I would like to investigate supporting such a worthy cause.
chosen2serveHim Says:
Nov 30, 2008 - I would like to get some of the name of the sub prime cards....this is great info thanks!!
CreditSecretsBible Says:
Feb 5, 2009 - For a free report on the latest cards are clients are using just visit the website listed by the subscribe button. Click MORE INFO link.
giterdonedave Says:
Feb 15, 2009 - I would like to get some of the name of the sub prime cards...Wil you share this info??.this is great info thanks!! giterdoneDave
CreditSecretsBible Says:
Feb 15, 2009 - Just click the link to the right of the video.
anthonybodo Says:
Feb 25, 2009 - My credit score is under my mattress.Bla bla blaAnthony
anthonybodo Says:
Feb 25, 2009 - My credit score is under my mattress.Bla bla blaCredit score is for banks to suck your money.The lower the credit score the more money they take from you because they can charge a higher rateThis whole thing is another banking schemeAnthony
mycreditrepairmagic Says:
Apr 10, 2010 - When I used Credit Repair Magic, I saw results within just a few days. The main thing that I was able to do with this program was to dispute negative entries on my credit report, which drove my score up as these were deleted. Since most companies cant verify the information on the credit reports, I was able to make my credit score rise dramatically with just a few clicks of the mouse. Click on my channel highlighted in blue- mycreditrepairmagic for more info on how you can repair your credit.
HomesWOWrealestate Says:
Nov 11, 2011 - Hi, this is awesome. Have you tried HomesWOW.com it has Yahoo Real Estate, zillow, trulia, zip realty and all other main real estate sites on it. I found my realtor through them. Awesome! Completely free for agents and clients and it puts you on top of Yahoo!, HAR, trulia, zillow, etc.
melthompsoniii Says:
Dec 31, 2011 - Too many people choose the wrong kind of credit card debt help. They deceive themselves into believing they can manage a debt management payment plan, or they can afford to begin a lump sum debt settlement savings plan (where they skip their monthly payments to bank that money with a debt settlement firm to one day offer a final lump sum settlement amount).
smartermoneynow Says:
Jan 2, 2012 - I have been in the credit repair business for 15 years now, and I know that these methods do work. Another point to consider, is when you apply for a card with a company, that company may decline an application to any other type of card that they offer. For example, if you are approved for a prepaid debit card, you will not be able to apply for any other type of card with that company, regardless of your credit score. This isn't always the case but it does happen. So,shop around before applying.
jackie8612 Says:
Jan 7, 2012 - This was very informative about increasing your credit score. Debt to credit ratio is just one technique that is very effective in increasing your fico score. I especially like when you spoke about the sub prime merchandise card. I always stayed away from those type of cards, but you've given me food for thought. Thanks for the input.Jackie Anderson
happydogmedia Says:
Jan 16, 2012 - Good video... but I think it's time to do an update. I've tried a few credit repair companies - most are rip offs. I've heard good things about Lexington Law - Ph #; 888-868-9683 also a company in Texas called Repair My Credit Now - (972) 529-0900. Lexington is Nationwide I think. User smartermoneynow (below) seems to be in the business as well.
mostpopular2010 Says:
Jan 31, 2012 - A 100 point difference in your FICO® score could mean over $40,000 extra in interest payments over the life of a 30 year mortgage on a $300,000 home loan.DIAL:1-877-375-3165
sloopy312 Says:
Dec 4, 2007 - Thanks for your valuable advice. blaine