Dear Owners,

I have been in the credit and funding space for almost half a year now.

Wow, time flies.

This has been the most passion I have felt about a career by far.

I truly found something I want to be involved in and educating people on for the rest of my life.

At this point there are a few things I would consider myself an expert on in the field of credit and funding.

One of those things is about building your credit so that it looks good enough for the lenders to even give you a passing glance.

That’s what we will be focusing on today.

Today’s Focus: What Does Sexy Credit Look Like?

If you have ever watched my Leverage Your Credit For Success Webinar, then you know that I am all about having sexy credit.

Sexy credit is much different than having just a 720+ credit score.

I have seen people with 720 scores that have only 2 credit cards, a late pay, and tons of inquiries.

This is not sexy.

There are a lot of key factors that come into play when the lenders are determining if they are going to trust you with money.

Lets jump right into it:

First off, its crucial to understand that your credit only exists for lenders and other institutions to determine if you are a responsible person with money.

Its essentially a risk meter.

It all comes down to the actual history of your accounts.

Not just your score.

Here are some of the main questions they ask themselves during the underwriting process:

• What is the credit score?

• Whats the average age of all your accounts?

• How much credit are you currently responsible for?

• Do you have any late payments or derogatory marks?

• How many inquiries do you have in the last 6 months?

• How many PRIMARY accounts do you have?

• Do you have a good mix of accounts?

• How much credit are you utilizing on all of your cards?

• How many accounts have been added in the last 6 months?

As you can see they are basically performing a colonoscopy on your ability and history to manage and pay back borrowed money.

Having a sexy credit profile basically means that you will get approved for virtually anything you ask for.

Here are the marks of a SEXY credit profile:

• 680+ score minimum

• 3-5+ years average account age

• $10,000+ in total available credit

• No late payments or derogatory marks

• 3 or less inquiries in the last 6 months PER BUREAU

• 5-10 open primary accounts

• Solid mix of accounts (currently having or have had both revolving and installment accounts)

• Under 30% utilization on all of your cards

• 3 or less new accounts in the last 12 months

The most important things would be that you are paying your bills on time, keeping your cards under 30%, and having an average age of at least 3 years.

I have had plenty of clients who meet the bare minimum of these requirements get 100k in credit.

Here is a case study for you:

Meet Gerald, He was able to obtain just over 100k at $108,700 in total funding.

This is a snapshot of his credit profile when he first came to me.

All we did was get him 2 more primary cards and a tradeline so we could boost his average account age once he added those 2 new cards. The reason being that when we got him those 2 new cards, his average age dropped below that 3 year average age mark.

One card was at CITI bank, and one at AMEX. Both strong prime lenders.

For the tradeline he was able to get a friend to add him as an authorized user to a Chase credit card that had 5 years of age and a 10k credit limit.

Just these 3 improvements, and he was able to secure the full funding amount between just 4 banks.

You see, even though he did not meet the requirement of having 5 primary accounts, he was still able to secure over 6 figures because everything else on his credit profile was relatively strong.

That’s usually how it goes.

Like I was saying, The main important points are going to be paying your bills on time, keeping your cards under 30%, and having an average age of at least 3 years.

Which he met, and now he has the funds to grow his business as he intended.

Working with me is not just a business transaction, but an educational journey.

I will always make sure that you are on the same page as me when it comes to your funding journey because I know that the information provided can completely change your financial game and will empower you with everything you need to pursue your passions in life.

Thats what its all about.

If you would like to get funded with me you can use this link to book a call where I will ask questions to see an overhead view of what you need.

We will then perform a funding assessment to create a customized game plan towards getting the results you want.

Book a call: https://consult.impruvu.io/booking?service=55

Hopefully this gives you a solid idea of what is needed in order to actually obtain the funds you need to build the life of your dreams by taking advantage of the American banking system.

We use their money, to create wealth for ourselves.

This is the way.

Lets work together to help you pursue your passions.

Until next time, Bandrew

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