Table of

Contents
03 INTRODUCTION

04 HOW CREDIT REPORTING WORKS

13 FIXING YOUR CREDIT

16 14 DAY DELETION METHOD

18 BUILD YOUR
CREDIT FAST

21 STRUCTURE YOUR
CREDIT FOR 100K+
FUNDING
INTRODUCTION

Before we dive into the complexities

of credit repair, it is wise we
understand the basics of credit.
Credit is the ability to obtain goods
or services before making the full
payment, based on the trust that
the payment will be made in the
future. In this e-book we will be
going over the step-by-step process
to understanding and improving
your credit.
Credit scores are used to determine
your risk factor for future loans. The
three-digit score is a numerical
representation which indicates how
risky a borrower you are from a
lender’s perspective. A higher credit
score can help improve the terms
and conditions you qualify for. For
example, your credit scores impact
the deals and interest you will
receive when you buy a home,
finance a car, rent an apartment,
apply for a job, buy insurance,
purchase a cell phone, or open a
new credit card. The first step to
credit repair is understanding how
credit reporting works.
HOW CREDIT
REPORTING WORKS

A сrеdіt rероrt іѕ аn ассumulаtіоn оf іnfоrmаtіоn аbоut hоw уоu рау your

bills аnd rерау lоаnѕ, how much сrеdіt you hаvе available, whаt уоur
monthly debts are, and оthеr tуреѕ оf іnfоrmаtіоn thаt саn hеlр a роtеntіаl
lender decide whеthеr уоu are a gооd credit rіѕk оr a bаd сrеdіt rіѕk.
Thе rероrt іtѕеlf dоеѕ not ѕау whеthеr you are a gооd or bаd сrеdіt rіѕk -- it
рrоvіdеѕ lеndеrѕ wіth the data tо mаkе thе decision thеmѕеlvеѕ. Crеdіt
burеаuѕ, аlѕо knоwn as сrеdіt rероrtіng аgеnсіеѕ (CRAѕ), collect thіѕ
information from merchants, lenders, lаndlоrdѕ, еtс., аnd thеn sell thе
rероrt to buѕіnеѕѕеѕ so they can evaluate уоur application fоr credit.
Lеndеrѕ mаkе their dесіѕіоnѕ bаѕеd оn dіffеrеnt criteria, so hаvіng аll of
thе іnfоrmаtіоn hеlрѕ thеm еnѕurе that they аrе mаkіng thе rіght
dесіѕіоn
Three entities make up the credit reporting system: consumers, credit
bureaus, and financial companies.

Consumers
A person or corporation who purchases goods and services for personal or
business purposes.

Credit Bureaus
Information about your credit cards, loan accounts and credit inquiries is
reported electronically through TransUnion, Equifax, and Experian by
lenders and creditors about every 30 days. These bureaus collect and store
your credit information in your profile for future reference. Your behaviors
can be reviewed in the future by others to determine your risk level. A
personal credit score can range between 300-850. A credit score of 700 or
above is generally considered as good. A score of 800 or above on the
same range is considered to be excellent. Most credit scores fall between
600 and 750. Higher scores represent better credit decisions and can make
creditors more confident that you will repay your future debts as agreed.
Businesses such as auto loan lenders, banks, credit card companies and
insurance agencies use your credit data from the credit bureaus to
determine your risk level. Once they have an idea of how risky it is to lend
you money, they can determine the rates you’ll have to pay or other terms
and conditions.

Financial Companies
Companies concerned primarily with providing money, as for shortterm
loans.
Finance companies are commonly referred to as “lenders of last resort.”
Their rates and terms are not as favorable as those offered by banks and
credit unions so higher risk consumers tend to depend on them for their
credit needs.
Having a finance company account on your credit report could cost you
points.
 CREDIT REPORTING
WORKS LIKE THIS:

STEP 1: Credit scores are used by lenders to make decisions about

whether or not to offer you credit.
STEP 2: When creditors and lenders check your credit, they'll very likely do
so with one of the major Credit Reporting Agencies, TransUnion, Equifax,
and Experian.
These three agencies retain information on more than 200 million
Americans. The data the bureaus have in your credit files is used to
calculate your credit scores. Your credit scores are determined by five
major factors:
Payment History
Debt Usage
Age Of Credit Accounts
Types Of Accounts
Number Of Inquiries
Payment History
Your payment history is a record of on-time, late and missed payments on
past and current credit accounts. These accounts can include credit cards,
lines of credit, personal loans and mortgages. Your payment history
indicates to a potential lender the likelihood of you successfully repaying
your debt — or going into default.

It also factors into a significant percentage of your credit score. Though

exactly how much it contributes isn’t clear — scoring models like to keep
their algorithms close to the vest. FICO®, however, claims that 35% of your
FICO® Score comes from the behaviors revealed by your payment history.

Payments made far after their due dates ultimately weigh more heavily on
your score. This is because negative scores tend to increase the longer it
takes you to repay your obligations.

However, a payment history that’s free of late payments doesn’t guarantee

a high score. Neither will a handful of late payments dramatically decrease
your score if the rest of your financial history is stellar.

Credit bureaus consider several factors in computing your credit score,

often using a proprietary algorithm.

Debt Usage
Credit cards provide the ability to build a credit record and receive a credit
score. When you use credit cards responsibly, you have access to additional
funds in an emergency, you can finance large purchases that might take a
few months to pay off, you can earn points or cashback rewards on your
monthly spending, and in some cases, you have access to services such as
roadside assistance, travel plan assistance, upscale airport lounges, and
concierge help while traveling.
If you have a high credit utilization on your cards, you may find yourself
with a lower FICO® score on your credit report, a more difficult time
making larger monthly payments, and potentially higher interest rate on
your cards if you make any payments late. Credit utilization has a big
influence on your credit score, so you should know what it is and how you
can manage in order to attain the best credit rating and all benefits which
come with it. Credit utilization is the ratio of your outstanding credit card
balances to your credit card limits. It measures the amount of credit limit
you are using. For example, if your balance is $300 and your credit limit is
$1,000, then your credit utilization for that credit card is 30%.

Age Of Credit Accounts

"Length Of Credit History"
This category of FICO® makes up about 15 percent of your credit score:
Average age of accounts equals the total months of all of the accounts on
your credit report from the open dates to the present, divided by the
number of accounts. While 15 percent of your score doesn't sound like
much, especially when compared to the "payment history" and "amounts
owed". A longer credit history could help your credit score.

Types Of Accounts
"Revolving Accounts"
Revolving Accounts: Revolving accounts are those that have a different
payment each month depending on your current balance. These are
accounts that you are not required to pay in full each month. You have the
option to “revolve” some or all of the balance to the following month.
Lenders charge you interest on the amount you revolve and this is how
they make money. Some examples of revolving accounts are:
 Credit Cards Issued by a Bank or a Credit Union: These are accounts
backed by a major payment network. These accounts are extremely
common because almost all banks and credit unions are able to issue
them to their customers.
Credit Cards Issued by a Retail Store: These are accounts that are issued
by the stores where you like to shop. Some examples are Macy’s Credit
Card, Target RedCard, Pep Boys Credit Card and a Dillard’s Card. There
are hundreds of other examples. Most of us have several of these types
of cards, too.
Credit Cards Issued by an Oil Company: These are accounts that are
issued by a petroleum company. Some examples are Techron (Texaco
and Chevron) Advantage Card, Exxon-Mobil Smart Card, Shell Card and
BP Credit Card.
Home Equity Lines of Credit: Also known as a HELOC, these are loans
that allow you to tap into the equity of your home. These loans are
generally easy to obtain from most reputable banks and credit unions.
These accounts are very common in part because the interest is tax-
deductible in most cases. Check with your tax adviser to see if your
account qualifies for a tax deduction.

Installment Accounts: Installment accounts are those which have a fixed

payment for a fixed period of time. As with revolving accounts, you are not
required to pay them in full each month. You are allowed to make a
payment which will be the same every month until the loan is paid in full.
Lenders charge you an annual percentage rate (also known as an APR)
and this is how they make money. Some examples of installment accounts
include:
Auto Loans: Auto loans are issued by either a bank, a credit union or by
a company that specializes in automobile lending
Mortgage Loans: Mortgage loans are issued by either a bank, a credit
union or a company that specializes in mortgage lending
 Student Loans: These loans are used to pay for academic related
expenses such as tuition, room and board.
Home Equity Loans: A home equity loan is a fixed amount of money
that you borrow. Once you take that loan out, your payment is fixed for
the duration of the payback period. A home equity line of credit,
conversely, gives you the flexibility of taking out some of or the entire
approved amount.
Signature Loans: Signature loans are just what they sound like. You
walk into a bank or credit union and tell them you want to borrow
some money and sign a guarantee to pay it back.
Credit Builder Loans: Credit builder loans are offered by some financial
institutions. You put some money down in a savings account, and pay
yourself back. Once it’s paid back, you gain access to the savings that
you put in.

Open Accounts (10+): Open accounts are probably the least common of
the three account types we’ll profile. Also referred to as “open credit,” these
are a hybrid of installment and revolving credit. The payment is not the
same each month and it’s usually due in full at the end of each billing cycle.
The consumer satisfies financial responsibility for the account when the bill
is paid in full each month. This cycle can go on as long as the consumer has
an account with the service provider.
An account with a utility company is one example of open credit. A
customer with an account for gas or electric service. Doesn’t know what
their payment will be each month. As you can imagine, electric bills can
vary a lot from month to month depending upon the seasons and air
conditioner/heater usage, and the customer is responsible for making this
varying payment each month.
Most utilities, cellular service, and some gas station cards are other
examples of open credit. But perhaps the most widely known example of
an open account is a charge card. Charge cards look and act like credit
cards, but with one key difference: You’re expected to pay that balance off
in full by the end of the month.
Number Of Inquiries (2-3)
Credit inquiries are requests by a "legitimate business" to check your credit.
As far as your FICO® score is concerned, credit inquiries are classified as
either "hard inquiries" or "soft inquiries" - only hard inquiries have an effect
on your FICO® score. Soft inquiries are all credit inquiries where your credit
is NOT being reviewed by a prospective lender. These include inquiries
where you're checking your own credit (such as checking your score in
myFICO), credit checks made by businesses to offer you goods or services
(such as promotional offers by credit card companies), or inquiries made by
businesses with whom you already have a credit account.

Hard inquiries are credit inquiries where a potential lender is reviewing

your credit because you've applied for credit with them. These include
credit checks when you've applied for an auto loan, mortgage or credit
card. Each of these types of credit checks count as a single credit inquiry.
One exception occurs when you are "rate shopping". That's a smart thing
to do, and your FICO® score considers all inquiries within a 45-day period
for a mortgage, an auto loan or a student loan as a single credit inquiry. This
same guideline also applies to a search for a rental property such as an
apartment. These inquiries are usually recorded by the credit bureau as a
type of real estate-related inquiry, so the FICO® score will treat them the
same way. You can avoid lowering your FICO® score by doing your
apartment hunting within a short period.

Inquiries may or may not affect your FICO® score. A FICO® score takes into
account only voluntary inquiries that result from your application for credit.
The information about inquiries that can be factored into your FICO® score
includes: Number of recently opened accounts, and proportion of accounts
that are recently opened, by type of account.
Time Since Credit Inquiries: A FICO® score does not take into account any
involuntary inquiries made by businesses with whom you did not apply for
credit, inquiries from employers, or your own requests to see your credit
report. For many people, one additional credit inquiry (voluntary and
initiated by an application for credit) may not affect their FICO® score at all.
For others, one additional credit inquiry could take less than 5 points off
their FICO® score. Inquiries can have a greater impact, however, if you have
few accounts or a short credit history. Large numbers of inquiries also
mean greater risk: people with six inquiries or more on their credit reports
are eight times more likely to declare bankruptcy than people with no
inquiries on their reports. The best way to have healthy credit is to remain
responsible about the credit cards or loans you have. Making your loan
payments on time each month and maintaining a good credit utilization
ratio (the amount of debt you have in relation to your overall credit limit)
can help you get those good sought-after scores. Using credit irresponsibly
by making late payments and maxing out credit limits can have damaging
effects on your credit.
 Fixing
Your
Credit
Getting Started
Prep Your Credit Reports. Pull your
credit report and check your FICO
score with MYSCOREIQ.COM
Your FICO score is different from
your Vantage score that Credit
Karma uses. Your FICO score is
what 90% of lenders check.

Always Call Credit Bureaus to Have

Personal Items Removed First
Before Disputing.
Remove Any Misspelled Names
or Extra Names.
Remove Any Old Addresses.

Here Are Their Phone Numbers:

Equifax – 1-888-548-7878
Experian – 1-855-414-6048
TransUnion – 1-800-916-8800
The Dispute Process
Opt out of Secondary Credit Reporting Companies to remove their services
and suppress their report so they will not report to companies on your
behalf. You do not want them reporting behind the scenes information
while you are disputing negative accounts. You do not want TransUnion,
Equifax, and Experian to have information to verify your accounts. When it
comes to opting out of the Secondary Reporting Companies, you can use
the following agencies:
LexisNexis – Use the online opt out choice
Website - https://optout.lexisnexis.com/
Address – P.O. Box 933, Dayton, OH, 45401
Phone – 866-490-1920
Innovis – Use the online opt out choice
Website - https://www.innovis.com/securityFreeze/index
Address – P.O. Box 26, Pittsburgh, PA 15230
Phone – 800-540-2505
CoreLogic – Use the online opt out choice
Website - https://credcofreeze.corelogic.com/
Address – P.O. Box 105281, Atlanta, GA 30348-5281
Phone - 1-877-532-8778
SageStream – Call or fax to opt out
Website - https://www.sagestreamllc.com/security-freeze/
Address – SageStream, LLC Consumer Office, P.O. Box 503793, San
Diego, CA 92150
Fax – (858) 451-2847
Phone - 1-888-395-0277
ARS - Call or mail
Website - https://www.ars-consumeroffice.com/securityfreeze.faces
Address - Advanced Resolution Services, Inc. 5005 Rockside Road
Suite 600, Independence, OH 44131
Fax - 216-615-7642
Phone - 1-800-392-8911
Send Your Dispute Letters Out
Use my ROUND 1 LETTER first. Include inquiries, collection accounts, closed
accounts, or any other negative items affecting your credit report. For even
better results, use my affidavit of truth template/letter and include it in the
same envelope that you send out for each credit reporting agency.
This is very important:
Get each letter that you include in the envelopes notarized. Check your
local library because they might do it for free.
Send each envelope certified mail with USPS.
Include a copy of your Driver's License, Social Security Card, And A Copy
of a utility bill If you have one.

Here are the addresses for each Credit Reporting Agency:

TransUnion Consumer Solutions, P.O. Box 2000, Chester, PA 19016-2000

Equifax, P.O. Box 740256, Atlanta, GA 30374-0256
Experian, P.O. Box 4500, Allen, TX 75013
14 Day Deletion Method
Send in a basic 609 letter backdated 2 weeks as the date of the dispute and
do not send it certified mail so that the actual received date of the letter is
not time stamped. For example, if you are sending a dispute letter on the
28th to remove inquiries and negative accounts, put the 14th as the date
on the letter. Make sure you do not put more than 10 items on your dispute
letter.
The system sees the date that the letter was dated and registers that as the
date it was received.
In 14 days, you send a Demand to Comply letter, which means if the
collection company of the creditor has not responded, the company has to
remove the item from your account.
Go to CFPB and file a complaint against Equifax, TransUnion, and Experian
and state that the credit companies are not complying with their own
policies in a timely manner.
Follow this link to cfpb.gov

You should file the complaint with the CFPB 14 days after you mail your
complaint letter regular mail so that it doesn't allow the credit bureaus
time to investigate your claims. Instead of having 30 days to respond to
your letter, their system will register it as having been received 14 days
earlier than it actually arrived.
The complaint with CFPB will allow them (the CFPB) to contact the credit
bureaus to inquire why your letter is unaddressed within 30 days even
though it only has been 14 days. CFPB contacts those credit bureaus to
show the investigation that shows that the process was not completed
within 30 days.
CFPB requires that the credit bureaus remove the negative items from
your credit report.
You can get about 60-70% of the negative items removed from the credit
report with this process.
When you go through the deletion process, always keep your letters. It is
illegal for credit bureaus to put negative items back on your report once it
has been deemed unverified or inaccurate. If they ever add it back to your
credit report, file a report with CFPB to make sure that companies do not
try to add those items back on your report.

Sometimes it takes 1-3 rounds with the Credit Reporting Agencies for them
to remove the negative items from your report. You can rinse and repeat
this process multiple times until you get the desired result. Use my Round
2 Letters and Round 3 Letters.

You can also use this method by backdating your letters 21 days or even 27
days. Make sure you file your CFPB report on the "30th" day.

TransUnion, Equifax, & Experian are not Government agencies or Credit

Bureaus. They are for profit companies. The Consumer Financial Protection
Bureau (CFPB) regulates companies like the credit reporting agencies.
BUILD YOUR
CREDIT FAST

Buіldіng уоur credit in a ѕhоrt period оf tіmе can bе сhаllеngіng, but there
are a few асtіоnѕ you саn tаkе thаt саn help ѕрееd up thе process.

Improve Your Crеdіt Utіlіzаtіоn

Yоur сrеdіt utіlіzаtіоn іѕ one оf thе few аѕресtѕ оf уоur credit report thаt
уоu саn сhаngе quickly. Crеdіt utilization іѕ calculated bу dіvіdіng thе total
of your сrеdіt card bаlаnсеѕ bу thе tоtаl of all уоur сrеdіt саrd limits. You
саn improve уоur utіlіzаtіоn mоѕt ԛuісklу by рауіng dоwn your сrеdіt card
bаlаnсеѕ. Inсrеаѕіng your overall credit lіmіt саn аlѕо hеlр if your lеndеr
agrees tо іt.
Uѕe Exреrіаn Boost
Exреrіаn Bооѕt іѕ a tооl thаt gives уоu сrеdіt fоr раѕt оn-tіmе рауmеntѕ.
Wіth уоur реrmіѕѕіоn, іt соnnесtѕ to thе bаnk ассоunt(ѕ) уоu рау bіllѕ with
аnd looks fоr ԛuаlіfуіng оn-tіmе рауmеntѕ. Onсе fоund, a record of thеѕе
оn-tіmе рауmеntѕ іѕ аddеd tо уоur Exреrіаn сrеdіt report аnd could
іnѕtаntlу rаіѕе уоur FICO® Score. The average Experian FICO® Sсоrе
іnсrеаѕе among Bооѕt uѕеrѕ whо ѕее a lіft is 13 роіntѕ.
In аddіtіоn tо the strategies аbоvе, уоu'll want tо stick tо the trаdіtіоnаl
аррrоасhеѕ to buіldіng your сrеdіt. Once уоu open уоur fіrѕt сrеdіt
account, іt саn take ѕоmе tіmе bеfоrе you ѕее the account lіѕtеd іn your
сrеdіt reports. Aѕ you соntіnuе to uѕе credit, kеер track of уоur ассоuntѕ
аnd рауmеnt hіѕtоrу, аnd еvеntuаllу you ѕhоuld ѕее уоur іnfоrmаtіоn
impact уоur сrеdіt ѕсоrе. This рrосеѕѕ саn take tіmе, but wіth some
раtіеnсе аnd dіѕсірlіnе, уоu'll eventually ѕее rеѕultѕ.

Self-Lenders
Self-lender reports payments like you have a loan from them. They are like
a savings account program which helps you build your credit history.
You are making payments each month in which they give you back at the
end of your agreement. You pay $50-$70 per month for them to report to
your credit report that you pay on time each month.
Click Here to sign up for Self and get $15 for using my referral.
Click Here to sign up for Kikoff

Tradelines
Tradelines are lines of credit the borrower has had in good standing for at
least 2 years. Tradelines add you as an authorized user to help you establish
your credit and boost your credit score.
Authorized User - A person added to an account and has rights to use the
account which is not in their name.
You can purchase tradelines which have balances under 5% utilization and
over 5 years old. The age of your tradelines shows a longer payment history
and makes you appear as a lower risk to credit agencies. Tradeline
accounts should have low balances as to not increase your debt-to-income
ratio on your credit report.

Rent Reporters
Rent reporting allows you to establish and build a positive credit history if
you don't have much other credit activity. If you are a renter, use
companies like Rent Reporters and Rental Karma to help you establish a
positive rental history. Boom reports your rent payments to all 3 Credit
Reporting Agencies. They backdate rent by two years if your landlord says
you have paid on time for this period of time. They will open your account
by five years. However, only report 2 years of payment history. You can use 2
of these on your report. If you have a family member who owns a home,
they can report you as paying rent for two years to help you establish your
good payment history using Rent Reporters and Rental Karma.
It takes 14-days for Rent Reporters or Rental Karma to report your payment
history to your credit report.
STRUCTURE YOUR
CREDIT FOR
100K+ FUNDING
Your payment history needs to be 100%
Your credit accounts should be at least 4 years old
Your derogatory marks should be 0

After you have a 660 FICO TransUnion score or a 680 FICO Equifax score,
and you meet the above requirements, you will qualify for 100k+
guaranteed funding from the banks that I work with. Reach back out to
me if you have my number or on social media and let me know so that I
can get you approved.