Bad Credit Repair Report Following 5 Proven Steps

It is absolutely astounding the difference that good credit can make in your life versus bad. It can truly be a case of poverty vs. fortune. This is no exaggeration, as I have lived on both sides of this equation. If you've had both good and bad credit, you know exactly what I'm talking about. And if you have bad credit, repair report readings like your life depended on it. Make it a top priority. I'm telling you straight up, it makes all the difference in the world.

In this article, I will show you how I went from "rags to riches" with my own credit by simply following a strategy I learned from a relatively unlikely source. I actually picked up this goldmine of a tip in that Carleton Sheets real estate course that you've probably seen advertised a million times on late night television. Who knew?

The bottom line is that this strategy works incredibly well. The only thing that can stand in the way of you implementing it to its fullest potential is a lack of discipline. The reason for this is that the technique I'm about to show you will put cash in your hands that you are absolutely, in no way allowed to spend. If you spend even one penny of this money, you will be putting yourself in jeopardy of digging an even deeper hole than the one you're already in.

So before I share this "bad credit repair" report with you, I would like you to promise yourself (and me, if you like) that you're not going to be irresponsible with it. It's designed to transform you, but it can also completely ruin you if you don't make and keep this promise. Okay, here it is...

Bad Credit? Repair Report Following 5 Proven Steps:

1. Contact a local bank (perhaps one you already have an account with) and find out what their minimum requirements are to take out a secured loan. They may require that you bring your savings account or CD up to $500 or $1000. Do whatever it takes to fulfill that minimum requirement.
2. Take out a secured loan using your deposits as collateral. If the banker asks you what you intend to do with this loan, simply tell him or her that it is your intention to establish good credit with their bank, and you will be using these funds to pay off the loan.
3. Again, don't be stupid here. When they give you the money, don't go using it to buy a new outfit or throw a party. Hold onto it, and pay your loan quickly. In fact, a good rule of thumb is to pay 50% more quickly than your contract states. If you're supposed to pay $200 monthly, pay $300 instead.
4. Once you've done this once or twice, go ahead and get yourself an unsecured loan. You can tell the banker this is to take a vacation, do some work around the house... whatever. It may not be a huge amount of money the first time around, but your goal is to continually improve your credit line. You do this by repaying your loans 50% better than agreed.
5. Repeat this process with two fresh banks or credit unions. The longer you do it, the greater your lines of credit with these lending institutions will become, and the better your credit score will be.

Another extremely powerful benefit of following these 5 steps of this bad credit repair report is that you will have 3 unbeatable credit references that you can put on virtually any loan application imaginable and get immediate approval.

Of course, there are other things you should be doing to enhance your credit score and lines of credit, but this is an extraordinary place to start. Naturally, you are advised to seek the counsel of a true credit professional who can assess your specific set of circumstances and set you on the right course for true and lasting success.

It is absolutely astounding the difference that good credit can make in your life versus bad. It can truly be a case of poverty vs. fortune. This is no exaggeration, as I have lived on both sides of this equation. If you've had both good and bad credit, you know exactly what I'm talking about. And if you have bad credit, repair report readings like your life depended on it. Make it a top priority. I'm telling you straight up, it makes all the difference in the world.

In this article, I will show you how I went from "rags to riches" with my own credit by simply following a strategy I learned from a relatively unlikely source. I actually picked up this goldmine of a tip in that Carleton Sheets real estate course that you've probably seen advertised a million times on late night television. Who knew?

The bottom line is that this strategy works incredibly well. The only thing that can stand in the way of you implementing it to its fullest potential is a lack of discipline. The reason for this is that the technique I'm about to show you will put cash in your hands that you are absolutely, in no way allowed to spend. If you spend even one penny of this money, you will be putting yourself in jeopardy of digging an even deeper hole than the one you're already in.

So before I share this "bad credit repair" report with you, I would like you to promise yourself (and me, if you like) that you're not going to be irresponsible with it. It's designed to transform you, but it can also completely ruin you if you don't make and keep this promise. Okay, here it is...

Bad Credit? Repair Report Following 5 Proven Steps:

1. Contact a local bank (perhaps one you already have an account with) and find out what their minimum requirements are to take out a secured loan. They may require that you bring your savings account or CD up to $500 or $1000. Do whatever it takes to fulfill that minimum requirement.
2. Take out a secured loan using your deposits as collateral. If the banker asks you what you intend to do with this loan, simply tell him or her that it is your intention to establish good credit with their bank, and you will be using these funds to pay off the loan.
3. Again, don't be stupid here. When they give you the money, don't go using it to buy a new outfit or throw a party. Hold onto it, and pay your loan quickly. In fact, a good rule of thumb is to pay 50% more quickly than your contract states. If you're supposed to pay $200 monthly, pay $300 instead.
4. Once you've done this once or twice, go ahead and get yourself an unsecured loan. You can tell the banker this is to take a vacation, do some work around the house... whatever. It may not be a huge amount of money the first time around, but your goal is to continually improve your credit line. You do this by repaying your loans 50% better than agreed.
5. Repeat this process with two fresh banks or credit unions. The longer you do it, the greater your lines of credit with these lending institutions will become, and the better your credit score will be.

Another extremely powerful benefit of following these 5 steps of this bad credit repair report is that you will have 3 unbeatable credit references that you can put on virtually any loan application imaginable and get immediate approval.

Of course, there are other things you should be doing to enhance your credit score and lines of credit, but this is an extraordinary place to start. Naturally, you are advised to seek the counsel of a true credit professional who can assess your specific set of circumstances and set you on the right course for true and lasting success.