Do you want an 800 credit score? No!
It is not that you want an 800 credit score, you have to become an 800 credit score.
Today, we’re going to talk about the most important psychology behind credit and credit scores in general.
People always ask me, “Mike, I want an 800 credit score,” and that is great, but it is not the reason you want an 800 credit score.
You have to become an 800 credit score. It does not happen overnight.
It’s not, I wish I had $10 million.
You want an 800 credit score, though a lot of things have to happen in order for you to have an 800 credit score, and today we’re going to talk about a lot of things that got me to over an 800 credit score and how you can do it the same way.
Think about this for a minute, I need you to say this out for me.
“I am fully committed. I’m fully committed today to have the best credit that I deserve for myself and my family.”
Credit starts today, not tomorrow.
You deserve to have great credit, but I need you to take action.
Stop putting the blame on past situations.
Stop putting the blame on other people.
Today, you will take full responsibility for everything that has come to your life to this point.
If you have a 500 credit score, you will take responsibility for it, but you are the only person that can make the change to get to an 800 credit score.
You are the only person, but it comes within … It is coming within to say, this is my why guys.
You have to have a way that says if I want an 800 credit score, there is a reason that I want an 800 credit score, not just the number 800.
Take responsibility and take action because again, most people sweep credit under the rug until it’s time you’re faced with some type of adversary where you have something going on in your life, your car breaks down or you need a new apartment or a house or you’re a first time buyer, or maybe you want credit cards or maybe you’re trying to start a business.
Whatever the reason is, you wait until there’s a problem and then you say, I need to fix my credit.
That is not the way you want to handle an 800 credit score, 800 plus credit score takes a lot of dedication.
It takes a lot of work, okay? But you have to say it starts today.
Tired of people coming to me saying, I want an 800 credit score.
Yes, I bet you do, but there’s a lot of work that we’re going to have to do to get you there.
You’re at a 550 credit score and you want an 800 credit score.
But why? Why do you want this? And all excuses stop today.
Stop making excuses for why you can’t do it, why you don’t have it.
Every person watching this video right now has the opportunity of having an amazing credit score.
I’m here to tell you if you want an 800 credit score, you can have it so please listen to the next seven tips that I got because I’m going to share with you the reason that I have an 800 credit score and how you’re going to be able to obtain that as well.
If you follow what I say, I say this day in and day out, guys.
If you’re watching my videos consistently, you will have not only the psychology behind why you want a good credit score, but you also will have a great credit score if you’re following directions and doing the things and doing it every day.
It takes somebody 10,000 hours to master a craft.
Are you willing to put in the time that it takes to get you to where you want to be in one?
You see, a lot of people will always say, I want, I want, I want, but they’re not willing to get the blood, tears, and sweat to do it.
Champions fight every day so these next seven tips pay real close attention because we’re going to talk about that them and what I believe will get you to an 800 credit score as fast as humanly possible.
Tip number one and that is you have to commit to learning.
One thing that I have found in most people’s credit score, the most common reason people have an 800 plus credit score is not that they understand because they’ve got no missed payments.
It’s not because they have good utilization.
It’s not because they have no late payments.
It’s not because they have great age.
The one common denominator in most people that have over 800 credit score is they understand the credit game and how it works.
It is just like the legal system.
When you understand how to play the game, you’ll be way far ahead of everybody else.
Credit is the exact same way.
Understand that you have to put the time in to learn it very well and when you’re playing it, you’re playing it the right way.
So the first thing of why people would have an 800 credit score plus is simply because they’ve learned how to master the game of credit.
I implore you to learn and when I say learn, I mean put the time in every day to learn something.
I do the videos every single day so you guys can learn, pick up tips and tricks and put things into place for your credit, so you guys can learn how to increase your score as fast as humanly possible.
We didn’t get taught this in schools.
Our Mommy and daddy didn’t teach us how to deal with credit, so what I’m going to do is I’m going to be Uncle Mike coming to you to teach you every single day what to do.
Number two, and that is you have to know what to look for on your credit report.
You have to know what to look for, inaccurate, erroneous, incorrect, misleading, anything on your credit report that is not supposed to be there, you have to be able to identify what those are.
A credit limit is not reporting correctly, there’s a late payment that’s not supposed to be there, there’s a collection you don’t know who it is.
There’s a charge off, you don’t know what a charge off is.
There’s again, learning the system of credit.
When you see things on your credit report that are not supposed to be there, you better know how to challenge that information because the fastest way to increase your credit score is not anything else other than removing the negative things on your credit and remember that over 70% of America has something on their credit report that is not supposed to be there.
330 million people on this earth … Excuse me, in America, eight billion people on planet earth, but 330 million, 70% of them have a mark on their credit report that is not supposed to be there.
Understand what you have to do to look at your credit report and make the adjustments needed to remove the negative information.
Number three, and that is you have to set up your payments on automatic.
The biggest problem that people have and the biggest misconception in credit is that if you make your payments on time and you miss a payment, that you feel that once you catch that payment up, that everything goes away.
Well, I’ve made three payments on my credit card, I missed the payment through a hardship, I didn’t have the money to pay it, or I forgot to make my payment or I had a death in the family or I lost my job, or whatever the case is, blah, blah, blah, blah, blah, b but then I made my next payment and ah, it’s back current again, right?
So when you look at your credit report, you’ll see green check, green check, green check, and then a red X and then a green check, green check, green check, and you believe that that X, because it was months ago, but you’ve made a few payments after that X, that that X goes away, and unfortunately that X will be there for seven years. So understand that when I say put your stuff on automatic, you better take your payments and put them on automatic payment.
Meaning you got a credit card payment, instead of you having to remember, put it on automatic debit from your debit card so that way you don’t forget.
Set it from two days before the payment is due.
If your payment is due on the 15th, set your automatic payment to come out of your checking account on the 13th of the month so you never miss a payment.
This will affect you for seven years, guys, and is the biggest contributor to your credit score.
Thirty-five percent of your credit score comes from payment history.
If you want to go from 750 credit score down to a 550, miss a couple of payments on some credit cards.
So in order to negate that, be proactive, put it on automatic and bada bing, bada boom, you should not miss any payments.
Number four, and that is you have to have a why.
Without a why, guys, nothing comes to true.
Everything about credit makes no sense if you don’t have a why of why you want good credit.
Do you want to get a new house? Do you want to live in a better area? Do you want to start a job? Do you want a better car? Do you want some credit cards? Do you want a loan? Do you need to finance furniture? What is your way of having good credit?
When you are dead set and you’ve got a laser eye on your why, when you look inside and you say, I’m tired of getting denied.
I’m tired of using cash for everything.
I’m willing to put the pedal to the metal and take action today on my credit because I’m tired.
I’m tired of having bad credit.
When that why sinks in and you’re there to protect your family.
You want to talk about being able to protect your family.
You want to talk about being the man or the woman of the house and you got a 500 credit score.
How are you protecting your family with a 500 credit score?
One catastrophic thing that may happen and you’re gassed out.
You’ve got no financial leverage, no credit card leverage, can’t get a loan, your car breaks down because it’s a 1992 Ford Escort.
It breaks down, right?
The wheels are about to fall off of it. You’re in the ghetto. You’re trying to figure out what you’re going to do.
You can’t get out of this rat race because your credit is shit. Have a way for you.
Everyone has an opportunity to have an 800 credit score. Listen to what I just told you.
Every single person watching this video right now has an opportunity to be an 800 credit score.
If you have the opportunity, why would you not want it?
Number five, and that is you have to have history on your credit report, okay?
A lot of people are coming to me, hey I got denied for this, I got denied for this, I got denied for this.
What is your average age, sir? Eight months.
If you’ve got eight months of average age on your credit report, I can assure you this, you’re probably not going to get approved for many things.
I don’t care if you have a 750 score with eight minutes of history, you need to have four to five years of average history between your accounts.
That’s four to five years of history.
Anything under that, very, very unlikely to get good rates, very, very unlikely to even get approved, okay?
So add age to your credit report.
Number six, and that is if you have a lot of inquiries, what we want to recommend is four inquiries in a 24 month period.
The way inquiries work is this, every time you apply for some that put a hard inquiry on that inquiry will stay on for 24 months and on the 25th month, it will automatically be deleted from your credit report.
Now, if you have an inquiry that’s over 24 months that’s still on your credit report, would that or would that not be something that is inaccurate on your credit report? Give me a thumbs up guys.
That is inaccurate information, okay?
Legally on the 25th of the month, that inquiry needs to be removed.
Legally after seven years, that collection or charge off needs to be removed.
Legally that bankruptcy that is on your credit report after ten years has to be removed.
If you’re combing through your credit report and you’re like, this isn’t supposed to be here, challenge the information, but you have to know to be able to challenge it.
That’s why I’m here.
That’s why I come to you guys every single day.
Four inquiries or less in a 24 month period and that leads me into number seven, and that is if you don’t have any revolving accounts but you don’t have any negatives, okay?
In order to raise your score, you need a positive history.
Revolving accounts, trade lines, primary account, okay?
I could recommend a few primary accounts that are very inexpensive that will show up as an individual account on your credit report, but you also will need age, that comes from the AAU trade line side.
Having revolving accounts looks really good to lenders, looks very good too when you are getting approved, okay?
Because they are seeing that you have those accounts and that you have a history with good payment history.
I’m going to leave you guys with this bonus because I’m always going to come to you with a bonus at the end, right?
Not enough data already. We want to make sure that we give you too much.
Bonus is number eight. Go back to number two, okay?
Go back to number two and watch this video and what number two says is this, understand credit report.
Now that you understand your credit report and you are looking for inaccurate, obsolete, incorrect, outdated information that is on your credit report, what are you going to do with it?
Bonus, print out a credit report.
Print out copies of your credit report, annualcreditreport.com.
Print it out, make multiple copies, go through and indicate everything that you believe is inaccurate, obsolete, outdated, incorrect, misleading, whatever the case is.
Anything that you feel is not supposed to be there. Inquiries that are past due, you’ve got a collection on their nine years, you’ve got a bankruptcy that’s on there 12 years.
Anything you feel is not correct, the onus is put on the credit bureaus to validate the information or to delete it.
Send them the information. This is not correct.
Now, what are we going to do? We’re going to make a certified copy, okay?
We’re going to take our copies.
We’re going to make a bunch of copies of our credit report.
We’re going to go through and we’re going to highlight with a highlighter anything that you believe is one of those things, inaccurate, unduly, incorrect, misleading, whatever, all those information, okay?
Now, once we’ve got our copies printed and we’ve got our yellow highlighter and we highlight everything, we are then going to send a certified copy, one to the credit bureaus, each credit bureau gets a copy, okay?
Also, we’re going to send one copy with just the highlighted if it’s a collection if it’s a late payment if it’s a charge off.
We’re going to highlight that one item and we’re going to send that to the creditor, certified copy.
On your credit report.
You will have the address of the creditor right there on the credit report.
The address you can Google for Equifax, TransUnion, Experian, to get the address.
Certified copy to one of each of the three major credit bureaus.
Also, a certified copy to the creditor for the item that you are disputing, okay?
That’s what we’re going to do.
We’re going to send them certified so we can track the information.
We want to track tracking to make sure they got it and there’s a tracking number back that they received it.
They have a period of time, 30 days to say yes or no, validated or removed, but if you don’t try, guess what’s going to happen?
Your credit is going to stay in the fives.
If you’re in the fours, fives, or even the sixes and you need help with one of the things I just shared with you, reach out to us and we can help you, okay?
Give us a call. Give me a thumbs up.
Guys, I wanted to come with you strong today because if I don’t come strong, none of you guys are going to take action.
It starts with you today.
Stop making excuses, stop being a victim, and take charge of your finances and your credit.
It is your duty and responsibility to have great credit and good finances for your family.
Post comments below, if you have any questions below or if you’re ready to make a move, call us at 904-515-6698.
904-515-6698, that’s area code (904) 515-6698.
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Thank you guys for watching boost-your-credit-score.
My name is Mike and until tomorrow, take care.