Although the current Credit Rating System needs to be abolished, or at very least altered, in order to get the U.S. real estate market and overall economy back on positive tracks, the fact of the matter is, that until it is, Americans need to understand how this irresponsible, immoral, unethical, excessively greedy, and illegal system works. Understanding how the Credit Rating System works will give millions of Americans a substantial financial and psychological advantage over it. Learning the top 35 Secrets that will significantly increase a credit (FICO) score is the answer to obtain these advantages. Millions of Americans and their businesses can literally save billions of dollars each year in banking, lending, and credit card 1) interest, 2) miscellaneous fees, and 3) penalties when they learn the following 35 Secrets.

Secret #1: Higher Credit Rating Scores = lower interest rates for consumers.

Secret #2: Credit Rating Scores range from 300 to 850.

•      Below 599 is considered bad
•      600 to 649 is considered poor
•      650 to 699 is considered fair
•      700 to 749 is considered good
•      Over 750 is considered excellent
• 
  

Secret #3: Formula used to determine Credit Rating Score

•      Payment history accounts for 35%
•      Amounts owed account for 30%
•      Length of credit history accounts for 15%Types of credit used accounts for 10%
•      Recently opened accounts account for 10%

Secret #4:  Get a copy of your 3 Credit Reports

• Equifax Credit Bureau
  P.O. Box 740241
  Atlanta, Georgia 30374
  Equifax.com
  1-800-685-1111
• Experian Credit Bureau
  P.O. Box 2104
  Allen, TX 75013
  Experian.com
  1-888-397-3742
• Trans Union Credit Bureau
  P.O. Box 2000
  Chester, PA 19022-2000
  Transunion.com
  1-800-916-8800
• Annual Credit Report Service (to get all 3 credit reports)
  P.O. Box 105281
  Atlanta, GA 30348-5281
  Annualcreditreport.com
  1-877-322-8228

Secret #5:  Review your credit reports for accuracy

Secret #6:  Correct personal information errors

Secret #7:  Correct negative information errors

Secret #8:  File disputes to have questionable negative information removed

Secret #9:  Have collection agencies delete collection information when paid

Secret #10:  Compare credit card companies

•      Cardratings.com

Secret #11:  Read the fine print of all contracts before borrowing

Secret#12:  Always pay on time

Secret #13:  Consider automated payments to ensure that payments are made on time

Secret #14:  Never miss a payment

Secret #15:  Pay more than the minimum

Secret #16:  Keep balances owed at 35% of credit line or less

Secret #17:  Use multiple credit cards to maintain 35% or less formula

Secret #18:  Request credit limit increase to maintain 35% or less formula

Secret #19:  Don't have too many credit cards

Secret #20:  Request late fees, limit fees, etc. be removed

Secret #21:  Request interest rate reductions

Secret #22:  Keep credit card report inquiries to a minimum

Secret #23:  Keep your good standing accounts open

Secret #24:  Negotiate payment reductions when financial problems develop

Secret #25:  Call credit bureaus when facing financial problems

Secret #26:  Call credit bureaus when not facing financial problems for higher credit score tips

Secret #27:  Call creditors when facing financial problems

Secret #28:  Call creditors when not facing financial problems for higher credit score tips

Secret #29:  Develop affordable borrowing and spending habits

Secret #30:  Consider identity theft protection

Secret #31:  Consider financial and legal advice when in doubt

Secret #32:  Consider avoiding bankruptcy

Secret #33:  Consider filing bankruptcy

Secret #34:  Review your credit reports periodically

Secret #35:  Monitor changes to the credit rating system periodically

Very detailed information concerning 1) the real truth about the current devastating condition of the U. S. real estate market and overall economy, 2) reasons why America’s real estate market and overall economic financial crisis began, and most importantly, 3) solutions that will enable America’s real estate market and overall economy to get back on very prosperous tracks again can be found in my America's Financial Crisis Solutions Book.  This Book is the first of 5 that comprise my U.S. Economic Crisis Solutions Training System.

Respectfully, Phil Mitsch

America's Leading Economic, Real Estate, Lending And Motivational Coach
Real Estate Industry's All Time Top Producing Residential Realtor
2011 New Jersey State Senate Candidate

Cherry Hill, New Jersey
856-665-6569
http://PhilMitschForAmerica.com
philmitsch@verizon.net                               

Special Note