I wanted to share something interesting with you guys.
A couple of weeks ago I gave a dynamic money presentation at a local event about credit and
I asked the crowd how many of them had good credit.
Out of a crowd of about thirty five, about 20 people raised their hands.
I then asked those that had checked their credit within the past 90 days, to keep their hands up.
That number QUICKLY dipped down to 8 people.
I asked a man in the front row, who had a smug look on his face.
"How do you know you have good credit?"
He quickly came back with "I know I have good credit because I have never missed a payment!"
I asked him did he know that payment history only makes up 65% of his credit score.
Then I noticed his eyes shift as he paused and then admitted that no he did not know that.
We have clients all the time who thought that their credit was perfect, until they went to apply for something and realized that they have a 620 credit score and have never been late on a payment!
A recent client of ours had this exact same scenario and could not figure out why - and as it turns out she got rejected for new credit because she had 4 maxed out credit cards and 7 inquiries in a very short period of time.
Your debt utilization, credit mix, age of credit and recent inquiries are all factors that make up a significant portion of your credit score.
But even if that wasn't the case, it’s a FACT that 4 out of 5 credit reports have errors.
...and one of the biggest errors that we see time and time again is - unauthorized credit inquiries :(
An inquiry here and there won't dramatically hurt your score - however if you have a number
of inquiries within a short period of time - it can easily make your score dip down 20+ points!
As of NOW - we offer credit inquiry removal services to remove unauthorized inquiries from your credit report and can often bring your score up 20-50+ points in the process. (Join or set up an appointment to get yours today).
If you are ready to add a quick 20-50+ to your credit score by simply removing inquiries from your report - CLICK HERE TO set your 1-1 Session.
Don't delay! This offer is good only through this Friday, July 29, 2016.