1 How to Get $35,000 (By Improving Your Credit Score) EMAIL I JUST GOT Hi! I have been following you for years. I been here before the Basic Box and the Super 6 programs. Let me tell you that it has been a lot of fun. But today I m not writing to you about the Pick 3 programs, which by the way are fantastic (that pair 79 is hot!) I m writing to thank you for sharing the information on the Wealth Report. I did not have any credit for years and now I finally have credit again. My score still low but I m working on it. Thank you for sharing! Best regards. NOTE: I wrote The Credit Repair Wealth Building System Kindle a while back under the pen name Mike Strong. I strongly recommend you get it if you want real world practical strategies to improve your credit score and build wealth (email me the code on the last page and I will email you the PDF edition, which is easier to read and navigate). https://www.amazon.com/dp/b071clm66y
2 MY RESPONSE Very good! Good work. That will benefit you more in the long run than all this Pick 3 stuff! Keep improving your credit. Also (only do this if you are super responsible) see if you can qualify for any credit cards here: https://www.creditcards.com/ This page is a good place to start: https://www.creditcards.com/best-credit-cards/ I do not discuss this on my emails.but I am actively applying the strategies I teach in the Wealth Report. I have kept my credit score up; the secret is to put bill payment on auto pay; my credit card bills get paid automatically from my checking account every month. If you read the Wealth Report, you know that I discussed several money making strategies. I have a few updates. UPDATE #1: I left my 9 to 5 job about a YEAR ago and I am surviving on LOANS and CREDIT CARDS (and money I make from my Kindles on Amazon). Here is what I have learned: if you keep your credit score around 700 to 720 (or higher) you will NOT starve to death because you will keep getting offers in the mail from credit card companies all the time. (YES: you can survive on credits!)
UPDATE #2: I got about 6 credit cards now (I can get many more if I need them). The credit limit on each card ranges from $4,000 to $15,000. 3 UPDATE #3: I have learned that I do NOT need to be making a lot of money to pay off my credit cards; I just need enough to make the minimum monthly payment (which gets paid automatically every month). UPDATE #4: Because my credit is good (around 725 now), I keep getting offers in the mail for LOANS and CREDIT CARDS. I recently got an offer from a lender who was offering me a loan up to $50,000 but I only qualified for $35,000. I took the loan (the money was deposited into my checking account). I used this money to PAY MY RENT for the next 6 months. MOST of the money is still on my checking account. This is a bit risky (the monthly payment is $750) and I would not recommend doing this if you are a beginner, but it shows what is possible if you raise your credit score and you KEEP IT HIGH over the long term by paying all your bills automatically every month.
STRATEGY: When you borrow money, only use PART of it (say 25% to 50%). Keep the rest in your account. Use the rest to pay back the loan. You should have enough to make your payments for the next YEAR or TWO. YES what I am saying here is that you should use the loan to pay back the loan. The idea here is that in a year or two you will have the money to pay off the rest. REMEMBER what I said in the Wealth Report; you borrow money to INVEST or to IMPROVE your financial situation NOT to waste on toys, vacation, clothes, etc. You can spend money on these things later AFTER you are rich! 4 UPDATE #5: I am actively learning everything I can and taking seminars on Real Estate investing. I have attended 3 Real Estate seminars so far this year; I will be attending two more: one in October and the last one will be in December. I am learning a great deal and planning my moves. Why don t I just jump right into it and just do it? Here is why: you have to be careful with Real Estate; you can lose a great deal of money (or get yourself into trouble) if you don t know what you are doing; that is why I am taking my time LEARNING the ins and outs of the particular investing strategy I will be specializing in. UPDATE #6: My big financial goal now is to buy a house (or an investment property) in the next YEAR or TWO; sometime between now and December 2020.
How to Increase Your Credit Limit 5 The credit limit on my Discover card now is $19,000. I did a 0% balance transfer about 6 months ago for $12,000. I just paid it off on AUGUST 3. Here is what I will do to get my credit limit increased (it is now August 17, 2018). Right now I owe nothing on my Discover card; both the card and the loan have been paid off as of August 3. What I will do is wait 30 days and then call them on September 3 and ask them if they can raise my credit limit $11,000; this will bring my credit limit up to $30,000. I know one thing for certain; I WILL get a credit limit increase (not sure if they will say YES to my request for $11,000) but whether they say yes or no to my request, I know that on September 4 my credit limit will be higher than $19,000! (If they say we can only increase your limit by $6,000, I will of course, say Ok. Thank you. ) Do this every time you pay off your cards completely; wait 30 days and then call them and ask for the increase; asking for a $3,000 to $15,000 increase is a good strategy (ask for less if you got the card recently; ask for more if you have been a long time customer). The Money Coach! August 17, 2018