37 Days To Clean Credit Review

You probably think you can’t do it yourself and you NEED a professional agency to do it for you. That couldn’t be further from the truth. I did it and so can you!

Yup, there are some myths. Some may shock or even anger you, but it is a message that must be told. Let’s dive into some of the most common myths people have about credit repair.

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Myth 1: I Can’t Do It Myself
As with many things, we need help once in a while, but credit repair is certainly something that you can do quite easily on your own with a little elbow grease and time.When I first looked at my credit report back in January 2007, I saw some late pays, a judgment, and some other “not so good” marks on my credit report.I screamed, “I’ve got to get a credit agency to help me with this! There’s no way I can do this myself!” Yeah, so I thought. How did I do it myself? I got educated that’s it. And now, you are going to get the best education on how to repair, rebuild, and maintain your credit score. After some time of taking a more in-depth looking into my credit report, I noticed some huge mistakes by either the creditor or credit bureau. These were not my mistakes, but the mistakes of  “The Man.” I found mistakes on multiple accounts, ranging from multiple late pays, wrong accounts, to closed accounts, when in fact they were open. Turns out, it is estimated that anywhere from 75% to as many as 90% of credit reports contain errors.

Myth 2: You Can’t Fix Bad Credit
Wrong. Just because you have bad credit doesn’t mean that you can’t repair it. It may take longer to fix, but it is repairable. There are many fast ways to restore your credit, build positive lines of credit, and get yourself back on the right track to good credit. If you think a 520 is bad it is. I was turned down by every credit card I applied for. I even got denied at Banana Republic in front of 20 people at Christmas time.
Yeah, no fun If I can do it, then so can you. It’s a matter of becoming educated and everything in this book will show you how to get your credit back.

Myth 3: You Only Have One Credit Score
In reality, you have three credit scores, one from each of the major credit reporting agencies: Transunion, Experian, and Equifax. All three will give different scores, so when applying for credit one company may use Equifax, while another may use Experian. Equifax may show a score of 550 while Experian may show a score of 590. It’s always good to know your score from all three bureaus. They can vary by as much as 50 points.

Myth 4: Checking Your Credit Will Lower
Your Score. There are two types of inquiries (more details later in the book) that will appear on your credit report: hard and soft inquiries. Hard inquiries are from companies you wish to get credit from. These will affect your credit score. Soft inquiries are usually when you check your credit report online or from companies obtaining your information for promotional purposes. Soft inquiries don’t affect your score.

Myth 5: Shopping Around For a Loan Will
Lower Your Score.This is a very common myth, and one which Brett Bruce and I talk about in the interview you received when you purchased this book. If you are searching for a mortgage, home equity loan, or car loan and you apply from multiple vendors this will only appear on your credit report once. This only applies if the same kind of inquires are made within 14 days of each other. Unfortunately, this doesn’t apply for credit cards!

Myth 6: The Only Way To Improve My
Score Is To Remove All Negative Items. This is true, but ONLY one piece of the credit repair puzzle. Although, getting negative items removed from your score will raise it, building “positive credit” is what
will build your score further. Have you ever been turned down for having no credit? In other words, you don’t have any “positive credit” built up with credit card companies. Later in the book I go into how to build positive credit. It’s part of the credit rebuilding process.

How To Reduce Your Credit Card Interest
Rate With One Simple Phone Call. It’s actually quite simple. How to do it you ask? Break out your telephone, call them, and ask to reduce your interest rate. Mention that you have sitting in front of you, a credit card with a lower interest rate. Possibly a zero percent interest rate for 6 months, which then turns into a 8% rate. If your current rate is 22%. A simple call will lower it. Mention that you are looking to balance transfer unless they lower your interest rate. Be nice to the operator. If they cannot drop the interest rate, speak to the supervisor. In most cases, after speaking with the supervisor they will drop your rate. To threaten to leave is the key.

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