The Secret About Credit

The secret about credit that will change your life …

by Thomas Kish

In the next two minutes you’re going to learn something about credit that most people will never know. It concerns the most profitable loophole in the credit reporting system.

Are you interested? Keep reading.

Most people know that a loan or credit card in your personal name is reported to the credit bureaus, and this borrowed money shows up on your credit report. The more you owe on your credit report, the lower your credit score will be.

However, let me draw your attention to this fact: There IS a way to acquire loans and credit cards that NEVER show up on your personal credit report.

Let me explain.

When you acquire a business line of credit or business credit card in the name of your business, it will never appear on your personal credit report.

You can acquire large amounts of cash from the banks I work with on a daily basis, without worrying about your personal credit profile. You can then use this cash to do any kind of real estate deal you want to, and your assets will remain confidential.

You can start a business on paper for almost nothing. Just pick out a suitable name for your new business and submit it online.

No matter how much cash you take out in the name of your business, your credit score never drops. So you could acquire up to $200,000 in cash advances from UNSECURED new business lines of credit and use it for:

1. Putting a downpayment on a piece of real estate;

2. Rehabbing a property;

3. Paying cash finders’ fees or cash for keys to gain control of a property.

4. Marketing and advertising costs to find motivated sellers.

5. Paying the utilities and monthly mortgage payments while you wait to sell the house for a big profit.

This is the best method that most people can use to retain cash to buy real estate because, in effect, the money is ‘invisible’. It’s pretty amazing!

And this is just the tip of the iceberg. You will learn much more when you start using THE ULTIMATE REAL ESTATE INVESTORS GUIDE.

Here is just one of the many positive testimonials I receive from my clients every week:

“Tom, I purchased your “Ultimate Real Estate Investor’s Guide” and started a business on paper. Using your system, I recently acquired four lines of credit for my new business name. I have two rental properties. I’m using the business lines of credit to add value to both properties.

When I first heard you talk about using business lines of credit that wouldn’t impact your personal credit score, I thought it sounded like a great idea. So I signed up for your system and used the lenders you listed in your course. Six weeks later, I had approximately $75,000 worth of credit.”

- Matt Jerome MPLS MN

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Let’s go over some common myths about your credit:

Credit Myth #1: Checking your own credit can lower your credit score. This is probably one of the most common credit myths out there. When you or someone else accesses your credit file, it is referred to as an inquiry. Your own requests for your credit report, promotional inquiries by credit card companies, and check-up inquiries by your existing creditors do not affect your credit rating. However, you need to be aware that an inquiry made by a lender to evaluate your loan or credit application may lower your credit rating.

Credit Myth #2: You have one credit score. This is another myth that can be confusing for consumers. There are many types of credit scores, including those developed by each of the three major credit reporting companies. These scores can vary due to the different credit history information that’s provided to each of the three companies. It is therefore wise to check your scores before applying for a loan. The FICO® credit score, developed by Fair Isaac Corporation, is the credit score mostly used by lenders. It is unique to each individual and takes into account such factors as the length of your credit history, your debt-to-credit ratio and payment history.

Credit Myth #3: The higher your salary, the higher your score. Not true. In fact, your income and net worth are not reported to any credit reporting company. Your score is based largely upon the amount of debt you have and your payment history. The more debt you pay off, the more you’ll see a positive change in your score.

Credit Myth #4: Paying off debt will immediately increase your credit score. This is something many consumers have difficulty understanding. While paying off debt is likely to have a positive impact on your credit score, it won’t change your score overnight. Creditors report their customers’ payment information to credit reporting companies on a periodic basis, so it may take some time before payments you’ve made are reflected on your credit score.

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For more useful information on how to make serious money, go here.

Sincerely,
Thomas Kish