Insider Techniques To Raise Your Credit Score... FAST!

=======================================
Insider Techniques To Raise
Your Credit Score... FAST!

-by Terry Price

(C) Copyright Terry Price
All Rights Reserved

http://bsj0912.niesong.hop.clickbank.net
=======================================

If there is one question I'm asked by consumers more than any
other aboutcredit, it's this "What's the fastest way to raise
my credit score?". My response is always the same "How
much do you want to raise it?"

If you wish to increase your score from 580 to 650 then your
strategy will be very different from someone wanting to go from
670 to 725. Why? Because you starting point is different which
requires a different approach. Also, while the removal of
negative items from a report will almost always lead to an
increase in score, it's a basic concept at best. Therefore, within
this article, we'll discuss somewhat inside techniques known by
very few (since this is what our company specializes in publishing).

In relation to just removing negative items, these are techniques
which you can use even if you have NO derogatory information
on your credit report. We'll start with the most overlooked
strategy first and that's your...

DEBT to CREDIT RATIO: The most fraudulent belief I've been
hearing for over 15 years is "I have excellent credit, I pay all my
bills off in full every month!" This is a false belief for one to buy
into and understanding your debt to credit ratio holds the key to
getting your "credit mindset" right.

Your debt to credit ratio is your ratio of debt to total available
credit you have been extended (revolving accounts only). For
example. If you have $10,000 in total unsecured revolving credit
accounts and you're currently in debt $2500, then your debt to
credit ratio is 25%. Since the main way lenders make money is by
charging interest, one of the elements of the credit scoring model
is driven by your ability to maintain balances and pay over time.
This shows your true (long term) credit worthiness which is most
profitable to lenders since they make money primarily via interest
and not annual fees.

Over the years we've discovered without question that carrying
the proper debt to credit ratio will boost your score faster than
paying off your bills in full each month. I have argued with the
Better Business Bureau on this topic for and they still disagree
(despite my sending them proof from Fair Isaacs own website
www.MyFico.com the organization which invented the credit
scoring software used by credit bureaus).

Of course, what do you do if you're like most Americans and your
debt to credit ratio is too high? For example. You have $10,000
in unsecured revolving accounts but you owe $8500, thereby
giving you an 85% debt to credit ratio. How can you bring it down
without selling everything you own? The answer is simple and
takes us to the next technique which is...

SUB-PRIME MERCHANDISE CARDS: The single most cost
effective (and powerful) tool for consumers to increase their high
credit limit and decrease their debt to credit ratio is the use of
Sub-Prime Merchandise Cards which report to one of more of the
major credit bureaus.

Unfortunately, despite their immense benefits, these are the most
misunderstood cards in the credit industry. A large portion of the
misunderstanding is due to marketers misrepresenting the cards
and the growing number of companies promoting them. When you
learn how they work one quickly understands why they have been
the subject of much misrepresentation.

A Sub-Prime Merchandise Card is nothing more than a card
attached to a line of credit which allows you to buy merchandise
from a specific vendor (usually the company that sold you the card).
The merchandise (in most cases) will be purchased through a catalog
or online mall.

Where the problem arises is that the cards are marketed almost
exclusively to the sub prime market via email, telemarketing and
direct mail etc. The reason for this is they can advertise almost
irresistible offers like "$5,000 Credit Card... GUARANTEED! No
Credit Check! NO Cosigner! You cannot be turned down!" or
"Unsecured $10,000 Credit Line! Everyone Approved!". I'm sure
you get the idea...

While there are many companies which do this and are a "shady
at best", there are a few which do it legitimately and it's the best
kept secret to build your credit and build it fast.

Here's how it works: the company approves anyone with a pulse
(literally) and gives them a card for $2,500 to $12,500 with NO
credit check and NO cosigner. However, the card is only good for
merchandise through their website or catalogs and the consumer
is required to put down a deposit on whatever they purchase.
After the deposit is paid, the remaining balance is financed on the
card.

For example. A person buys $1,000 worth of merchandise. Their
deposit is $300 so they then finance $700 on their merchandise
card and make payments. Sound like a scam? If you say "Yes"
like most people then you're missing the point... big time.

With a legitimate Sub-Prime Merchandise Card your credit line
WILL be reported to at least one major credit bureau (or more).
This means if you get a $5,000 card and you finance $500, on
your credit report it will look like any other credit card and will
do three extremely important things for you.

1.) It will increase your current "High Credit Limit" by $5,000
almost overnight as the account "looks" like any other unsecured
revolving account.

2.) By carrying a small outstanding balance it will positively impact
your credit report by building and showing potential lenders your
credit worthiness.

3.) With a good payment history you are virtually guaranteed to
receive "legitimate" pre-approved credit offers in the future due
to other lenders renting your name from the credit bureaus.

This technique is hard to beat for both cost and effectiveness. Of
course, the whole key is knowing exactly which cards report to
the credit bureau and offer the best rates. Since this is such a
loophole, I am sad to say it could be gone at anytime. In fact, we
have set up a free 24hr teleseminar to discuss this here:

20 Minute Teleseminar:
1-801-350-3999 (Call 24hrs)

PIGGYBACKING: Despite its' virtually unlimited potential,
piggybacking is not used by nearly as many consumers as it
should be. It's easy, effective, and extremely fast.
Unfortunately, it's mostly used among parents and siblings
while those who can really benefit stay in the dark.

How it works. Almost every credit card or credit account will
allow the primary account holder to add on (at a later date)
what's known as an "Authorized User" or "Secondary Account
Holder". In most cases, when this is done, the entire account
history (retroactively) gets posted to the authorized users
credit report regardless of their current age or credit history!

For example. If it's a credit card with a $10,000 limit which
has been paid as agreed for the last 10 years, then that
complete history will be posted to the authorized users' credit
report. I once saw a clients' credit report who used this technique
with his mother. He was only 24 at the time and he had a
$15,000 Gold credit card on his report with history going back
11 years! I laughed as I thought to myself that this kid would have
had to be approved when he was 13 years old for this account to
be his!

As you can see, this strategy is usually only used by parents
and their children and in most cases with no regard to the
benefits the children are reaping credit wise! In fact, in recent
years, due to its' effectiveness, this technique has led individuals
with excellent credit scores to "rent out" authorized user accounts
on one or even multiple credit cards in return for a fee! I once
recall seeing an ad in USA TODAY for just such an opportunity.
Like most good credit loopholes, I'm sure this methods' days are
numbered much like what may be the case with...

ADVANCED CREDIT PROFILING: This is a strategy while not
complex, can be taken to very complex levels. Even in its' most
basic form, it's taken advantage of by very, very few. It involves
intentionally building your credit report in a way which creates a
"profile" that closely fits the criteria of most lenders (as well as the
overall credit scoring system). Again, this is a technique which can
be used in a myriad of complex ways, but for simplicity I will
explain it in its' most basic form.

While many consumers will boast when they have 10, 20, 30 or
even 50 thousand dollars worth of credit cards on their report,
many of these same people do NOT have even one mortgage,
automotive loan or lease, equipment loan or a even a line of credit
with a local bank or credit union. These other forms of credit
create a much more well rounded credit profile for the consumer.
This is achieved by showing greater credit account diversity and
experience with multiple types of credit due to the various
lines held.

For example. A person with $50K in credit cards does not
represent near the credit experience as a person with the same
$50K along with a mortgage, an automotive loan and an equipment
lease. We have clients who have financed vehicles not because they
had to (or even wanted to) but because they "needed to" in order
to create a credit profile that would position them in the future to
secure the lowest possible rate on a mortgage when they applied
and needed it.

More complex forms of Advance Credit Profiling involve one
subscribing to affluent or semi-affluent business and professional
publications and organizations. These would include magazines,
newsletters, trade journals and national associations. The goal is to
get ones name into the databases of these publications and
organizations. Why? To get on highly targeted lists in order to
receive select credit offers.

Marketers of credit offers have found that simply renting names
of consumers from the credit bureaus does not provide enough
information about the person as a credit risk anymore. Therefore,
it is speculated that many will rent a list from the credit bureau and
then cross-reference this list against another list they have secured
from a consumer source such as an affluent business or professional
publication, trade journal or organization.

By crossing the two lists together the marketers find the names
contained on both lists. This in turn provides them with one highly
refined and targeted list to mail their offer to. This results in
shortening the process of securing a new quality account holder thus
lower the overall account acquisition cost of new accounts.

When a consumer learns how to intentionally put themselves into
these databases to wind up on these refined lists, the credit building
process is sped up exponentially. Of course, many would call this
"highly speculative" but we have undeniable experience that it works.

DEPOSIT LOAN PROGRAMS: This is a technique so unbelievable
that I myself proclaimed it had to be a scam before researching the
facts. It allows the consumer (or business) to have a $25,000 to
$250,000 loan appear on their credit report as "Paid as Agreed" by
way of very creative financing. This method is extremely effective
and not within the budget of most ($750 to $7,500 upfront). Also,
because this technique takes advantage of certain banking laws, I have
reason to believe it could be made unavailable at any time if those
banking laws were to change. This method can be used with consumer
credit files on SSN's as well as business and corporate credit files
done on TIN's as well as Dunn and Bradstreet.

In the end, all of us need to remember that today our credit
score is more important than it has ever been in the history
of the credit reporting system. While credit miracles don't
happen overnight, you can create your own credit miracles by
applying simple insider strategies consistently over time. Before
you know it, you're a proud member of the 700 Club. The "700
Plus Credit Score" club that is!

In the next segment we'll talk about...

"Facts Consumers Should Know BEFORE
Using A Credit Counseling Service!"

=======================================
The "CREDIT SECRETS BIBLE" has been in
print since 1994 and is published by
Consumer Publishing Group.
For more information on the "CREDIT
SECRETS BIBLE" you may visit:

http://bsj0912.niesong.hop.clickbank.net
=======================================