How to Get Triple A Credit in 25 Days
Good credit is everyone's dream. A wise use of credit can go a long way. It certainly makes certain goals in life (like acquiring business loan from bank) easily attainable.
But the key question remains: "What does it take to achieve 'Triple A' credit?"
First and foremost, it is important it is critical to point out where most people go wrong when it comes to their credit and credit report.
People with bad credit will usually seek credit repair help. Most would seek credit expert advice and few will try to do it themselves by purchasing a credit repair book.
Mainly, the problem is not the type of help you hire, rather the assumption you are left with after the whole credit repair process.
Where most people go wrong is that once their credit report is free of any negative entries (or errors), they simply assume that they now have an excellent credit.
That's simply untrue.
In reality, your credit is not bad because you now have managed to erase the negative entries that was shown on your credit report before. At the same time, you do not have ' Triple A ' credit either.
Unless, you have positive items or entries showing on your credit report.
And the key to a successful credit repair is not just getting rid-off the negative entries on your credit report, but rather to show-off that you have multiple positive entries on your credit report that can buy the confidence of your bank to loan you their money.
You can find numerous articles dedicated to guiding through the credit repair process, but few will discuss further than just repairing your credit. Meaning few will tell you (better yet, know about),
"How to add positive entries to your credit report?".
It is very important you understand that, you can repair your own credit and make it flawless, better than anyone ever could. Today, there is so many help on credit repair help, but not all are legitimate help. And it is extremely important to keep that in mind.
If you want to avoid getting chopped-down by bogus repair companies, take the following two statements as an advice that will serve you a long way.
1- There is no law available to any credit repair company, expert, or attorney - that is not available to you as the credit consumer.
2- Credit repair companies use the same law made available to you by congress to repair your bad credit. And they certainly can not change the law for their clients.
The above two simple statements might seem obvious, but repeating them like a mantra can be the difference between getting ripped-off and getting the 'Triple A' credit you deserve.
Back to the main point - "How To Achieve Triple A Credit?"
Here you will learn two powerful and proven ways that will give you a sterling credit in the shortest time possible - 25 Days. Apply the following two techniques and, guaranteed, you will give your credit a face lift that would have banks open their check book.
1. A Millionaire's Credit in 25 Days.
Do you have a checking account and a savings account? Good. If you don't, no worries, these days you can open an account online. It should take you no more than 5 minutes. You got your accounts opened? Good, now comes the second phase.
Phase 2: Now you will need your savings account to use it as a collateral. Now using your savings account ask your bank for a secured passbook loan.
You can borrow a dollar for dollar with a passbook loan. This type of loan works well with as little as $300, but if you have $10,000 - that's even better. Once you secure a loan with a passbook you can not touch the funds until you have fully repaid the loan. Remember, you should be able to do with-out these funds for 30 days.
A bank secured with your passbook loan has no risk in lending you money, so any bank should be willing.
Note: It is extremely important that the bank reports your loans to the credit bureau. Therefore ask your bank "If they report your payment history to the three credit bureaus?", it is critical part of this whole process.
After all, the whole purpose of you doing this is to add zing to your credit report with a very powerful and positive payment history, right?
Now once you borrow the money, wait 25 days and repay the loan back to your bank. Because you have fully repaid your loan the bank will send your positive payment history to the credit bureau.
That's a grand slam!
Now you have the bank as your friend and the credit bureaus can not help it but report your good payment history.
2. How To Use $500 - $1000 into A Millionaire's Credit.
With let's say a $1,000 in your account, ask the loan officer for a 12- month a $1,000 passbook loan. Do not be discouraged, you can certainly achieve this with less money, but if you can afford to do it don't hesitate.
By the time you're done with this technique - - - well it'll be all worth it. Just wait and see. Since this is a secured passbook loan (meaning, it is secured by the amount of money available in your savings) most banks will not run a credit check. And if they tried to do so explain it to them why they should not as it is secured by the money you already have in your savings account.
Which you won't be able to access until you payoff your loan anyway, so there is no justified reason to run a credit check.Now with the $1,000 secured passbook loan from your first bank, open a savings account at another bank with the $1,000 loan received from the first bank.
The request that they give you a $1,000 12-month loan and do not mention the loan received from the first bank. Wait about a week or two, go to a third bank and repeat the process.
Next, at one of the three banks open a checking account with the $1,000 you received from the third bank. You now have a$1,000 in a checking account and three outstanding 12-month loans at three different banks ? for a total of $3,000. Deduct your original $1,000 and you need only repay $2,00 plus interest.
Note: Make sure that you ask your bank if they have a pre-payment penalty because you do not want that.
Finally, about one week later start to pre-pay your three loans.
Now you have an advance payment record with three banks and will have established powerful credit for your credit report. From now on every type of loan and credit card will be yours for the asking.
Here you are with un-touchable credit, three big banks as your future business friends, and a credit bureau reporting positive payment history ? all in just under 30 days. You just learned about one of the very few techniques that can change your credit significantly within a month time.
Of course you can apply these techniques for as long as you like and keep improving your credit. Apply these techniques discussed and you will get the Triple A credit you deserve.
About The Author
© Copyright - 2004 www.deleteuglyredit.com
Omar M. Omar is the owner of http://www.deleteuglycredit.com and - Author of "The Credit Repair Bible" book. The website is dedicated to providing credit consumers free advice on how to repair credit. It also provides credit consumers numerous information about their credit report, credit laws, and their rights as a consumer.
 Google News Updated : Thu, 24 Jul 2008 12:51:51 GMT Finding Bale's dark side - Chicago Sun-Times
Chicago Sun-Times - BY BILL ZWECKER Sun-Times Columnist 'The Dark Knight'' star Christian Bale's alleged ''assault'' in London against his mother and sister is part of a long-simmering family feud. Batman star stays silent in Spain Christian Bale's lady sidekick: Sibi Bale Publ.Date : Thu, 24 Jul 2008 09:08:50 GMT US cancer boss in mobiles warning - BBC News
BBC News - The director of a leading US cancer research institute has sent a memo to thousands of staff warning of possible higher risks from mobile phone use. Cell phones: The next cigarettes? Group sees possible link to brain cancer Publ.Date : Thu, 24 Jul 2008 10:35:11 GMT Obama to demand more from Europe in Berlin speech - Reuters
Reuters - By Caren Bohan and Noah Barkin BERLIN (Reuters) - US presidential candidate Barack Obama is expected to call on Europe to do more in hotspots like Afghanistan when he speaks in Berlin on Thursday in his only formal address of a week-long foreign tour. Berliners welcome Obama as they did JFK Obama Starts European Trip With Stop in Germany Publ.Date : Thu, 24 Jul 2008 12:25:11 GMT Day After, WNBA Untangles Brawl - New York Times
New York Times - By MIKE OGLE Some of the WNBA’s biggest stars commanded national attention Tuesday night and into Wednesday - but not in a way their teams or the league wanted. Don't count on fights becoming WNBA trend WNBA may have a fighting chance Publ.Date : Thu, 24 Jul 2008 05:06:48 GMT Hunt begins for Karadzic helpers - BBC News
BBC News - Officials investigating captured Bosnian Serb ex-leader Radovan Karadzic say they will track down and punish those who aided his false identity. Video: Karadzic plans to defend himself in The Hague Kenya: Karadzic's Fate a Lesson Publ.Date : Thu, 24 Jul 2008 11:47:45 GMT Aurilia, Vizquel help Giants rally for win - San Jose Mercury News
San Jose Mercury News - By Andrew Baggarly It would be difficult to claim that the Giants improved their playoff hopes when they rallied for a 6-4 victory over the Washington Nationals on Wednesday night. Aurilia gets key hit, makes pitch for old guys Giants rally in eighth to edge Nats Publ.Date : Thu, 24 Jul 2008 08:43:04 GMT Sudan's president boogies on last Darfur pit stop - AFP
AFP - EL GENEINA, Sudan (AFP) - A dancing Sudanese President Omar al-Beshir paraded as a man of peace on Thursday during a heavily protected tour of Darfur defying accusations that he masterminded genocide in the region. Sudan counters charges with diplomacy Al-Bashir in Sudan peace pledge Publ.Date : Thu, 24 Jul 2008 12:15:43 GMT More Web Site Traffic |
PARLOT::Ebooks, Scripts,
Websites, and more... It's never pleasant to realize that you're in financial hot... Read More (Money You Don't Have to Pay Back) 1. One way... Read More While driving around your community, you may have seen signs... Read More Do You Need to Join a CCCS - Consumer Credit... Read More It happens all the time. Debt collectors try to collect... Read More Congress recently passed sweeping legislation that will significantly reform American... Read More Personal debt reduction practices, the steps people take to relieve... Read More What is debt settlement?Debt Settlement is a process to settle... Read More People over extend themselves financially as a result of a... Read More If you've ever earned enough money to put some aside,... Read More Almost all Americans carry credit card debt. Actually, over 40%... Read More Happy Independence Day from The Money Motivator!If you don't celebrate... Read More So you are getting collection calls? You're desk is full... Read More The recently passed Bankruptcy Abuse prevention and Consumer Protection Act... Read More The business of banking has changed dramatically over the last... Read More Anyone considering Bankruptcy may have experienced fear after reading an... Read More What is Credit?Credit means that you are using someone else's... Read More As a single mother, lets admit it, times get tough.... Read More Bankruptcy and Credit - What Happens After Your Debts Are... Read More If you are in debt, well over your head in... Read More If you are in debt over your head and wondering... Read More For most Americans, credit card debt is a dangerous and... Read More Are you still clearing a mountain of debt amassed last... Read More Once you file bankruptcy a court appointed bankruptcy trustee will... Read More Leaving school, getting a new job, or even a raise... Read More
Adsense
websites
Reduce Your Debt With These 5 Tips
How to Get Money When You Are Broke
Home Equity ? Foreclosure Often Not Necessary in Current Market
Should You Join a CCCS - Consumer Credit Counseling Service for Debt Relief and Financial Freedom?
Debt Validation: Do you have to pay ?
Bankruptcy Interest Increases as Deadline Approaches
Personal Debt Reduction Practices
Debt Settlement
How to Negotiate Debt Settlement
Turning Bad Debts into Good Debts through Investing Fundamentals
Debt: Dont Pay Your Minimum Balance
Is Independence Overrated?
How to Protect Yourself: Debt Collections
New Bankruptcy Legislation May Make it Harder to Find an Attorney
Bank Like a Banker
What the Mail on Sunday Said
Credit Repair - Understanding The Basics
Solutions to Single Mothers in Debt
Life After Bankruptcy
5 Options Toward Debt Relief
Your Ticket Out of Debt Relief
Is My Credit Card Debt A Problem?
Debt Free and Carefree
What Does A Bankruptcy Trustee Do?
Purchase Your Future Now While It Is Still Inexpensive
Affordable and Reliable Web Hosting Starting at $4.49/Month
Bankruptcy - The New Scarlet Letter
Nathaniel Hawthorne's book The Scarlet Letter states in Chapter 2,... Read More
Save Money When Going Out
It seems as though whenever we go out for the... Read More
The Road to Debt Relief
Living with debt is not something someone hopes for, but... Read More
How To Pay Credit Card Debt Off
If you are determined to pay credit card debt off... Read More
Debt Consolidation Versus Debt Negotiation
Debt consolidation versus debt negotiation are two options that are... Read More
Repair Bad Credit Yourself
In March 2005, the U.S. financial services industry succeeded in... Read More
Budget the Luxuries First!
Strictly speaking, his advice was preceded by another Heinlein maxim... Read More
Debt Collectors; And what you can do to Get Them Out of your Life
FTC opinion letter on validation Section 809(a) of the FDCPA,... Read More
Credit Repair? Its All Up to You
Log onto to a search engine such as google.com and... Read More
Is There Any Way To Get Out Of Debt?
In this era where we are bombarded daily with commercials... Read More
Getting Past The Idea Of Budgeting & Saving Money
I'm sure you'll agree that budgeting, saving money, and eliminating... Read More
Eliminating Credit Card Debt
The overwhelming task of eliminating your debts can often seem... Read More
Stop Debt Collectors
Can you stop debt collectors ? . . .You better... Read More
Five Hot Tips To Get Out Of Debt Forever
The financial and psychological burden of being in debt causes... Read More
A History of Money and Banking Secrets That Banks Dont Want Published
A History of Money and TradeTo start with a history... Read More
Debt Getting You Down? - Make a List!
Debt is not much fun and when faced with it,... Read More
Debt Management Systems
What is a debt management system, and when do you... Read More
Two Ways To Debt Relief
There are many debt relief programs out there both off... Read More
Debt Elimination 3
Planning To Achieve Debt EliminationOnce you have started the process... Read More
Debt Elimination Is The Key to Financial Freedom
If you want financial freedom, the first thing that you... Read More
Solutions to Single Mothers in Debt
As a single mother, lets admit it, times get tough.... Read More
Personal Bankruptcy ? If Its Unavoidable, File Now
The Bankruptcy Abuse and Consumer Protection Act, signed into law... Read More
Five Major Ways to Save Money
There are two main roads to improving your personal finances:... Read More
Deal with All Your Debts with Care!
Lots of people take a large ammount of loans and... Read More
How to Get Triple A Credit in 25 Days
Good credit is everyone's dream. A wise use of credit... Read More
Debt Relief |