What Credit score Bureaus DON’T Need You To Know

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Daniel Rosen 00:00

When in doubt, follow the money. So what do I mean by that? And what does that have to do with you? Well, if you have been paying attention to what is going on in credit repair, then you probably already know that there are a lot of false claims floating around about what credit repair is and what is not and what is true under the law. Well, these rumors are usually false. And they are designed to keep money flowing to the banks and the bureau while continuing to scare customers and deter loan heroes from helping customers take control of their own lives once and for all. Today I’m going to break down the four main credit repair myths, so you better stay tuned.

So the big question is, how can we turn our passion for helping people with their credit into a successful business without borrowing, without spending a fortune, by getting them out of nowhere? So that we can help most people and still be highly profitable? That is the question, and this podcast will give you the answer. My name is Daniel Rosen and welcome to Credit Repair Business Secrets. Okay before we dive in, if you’re new to my podcast, click to subscribe and enable notifications so you don’t miss a thing. And if you’d like me to help you start your own credit repair business, head over to creditherochallenge.com where I’ll walk you through the proven process that created millionaires and changed tens of thousands of lives. This is creditherochallenge.com Oh, one more thing, and I love that part. Each episode, I’ll feature one of our Credit Heroes on our Credit Repair Cloud Facebook community so you can see firsthand what real people do when they start and grow their credit repair business. And today Ruth Sellers is in the spotlight. Ruth says that one of my goals was to give back to my home community when I started my business, and I was able to do it before I hit my one year mark. And this very story is why we do this. And that’s exactly why we’re all in the process of changing the lives of those around us while we achieve our own goals. So if you’ve done something good for your community or changed the lives of your customers, don’t forget to tell us about it. In our amazing Credit Repair Cloud community. It’s a place everyone goes to share tips, get advice, and share their success stories. We are very fortunate to have thousands of members at every stage of the game, from beginners to professionals to millionaires and well beyond. And it’s about lifting each other up.

Okay so let’s get into that. The three credit bureaus make billions and billions of dollars annually. And that means legitimate, hard-working loan heroes can deal a serious blow to these offices and banks and their moneymakers. So whenever you hear a lot of negative or misleading rumors about the credit repair industry, always follow the money trail back to the source first, which are usually the banks and credit bureaus. And then you ask yourself: what’s in it for you? Well the answer is they hate credit repairs because credit repairs cost them a ton of money, because they have to hire a lot of people to fix all of the mistakes we point out. And so, many of these articles that you read online are sponsored by them.

So here is myth number one, credit repair companies are a scam. Okay, credit bureaus. They say paying a credit repair company doesn’t work. And it’s all a scam, the bureaus and the Federal Trade Commission. They tell people that there is nothing that credit repair companies can do that anyone can do for themselves. And yes, of course, anyone can collect all the necessary information to write to the office and request the removal of items that they think are flaws, but wait. Isn’t that true for everything? You can pay your own taxes, cut your own hair, and do your own gardening. Why shouldn’t hiring a tax advisor, hairdresser or gardener be called a scam? This is because they want to slander hard working credit repair companies that are making a difference and changing a lot of lives for their customers. Successful credit repair companies mean fewer dollars for the banking industry and offices. Of course, not all credit repair companies are created equal, but there are legitimate and reputable companies. I know because thousands of Credit Heroes are using Credit Repair Cloud software to grow their businesses and make them a success.

Now, let’s get down to myth number two, you will not see any improvements in your credit score for a long time. Okay, change won’t happen overnight. But it’s a lot faster than most people think. Credit bureaus typically update credit ratings every 30 days, and the tough inquiries are reported as soon as they arise. If you visit our Facebook community, you will find that our Credit Heroes are constantly being deleted quickly as they use our experts ‘strategies, and you will see for yourself how their customers’ scores keep getting higher.

Okay, so we come to myth number three negative elements that can be added back to your credit report. By now you may have heard that credit reporting agencies can add negative items back to your credit report after they are removed from a dispute. But in most cases, articles deleted from credit reports will never appear again. So this is another example of incorrect information.

And finally, myth number four. And that’s something I’ve covered on my podcast because it’s very important. There is a misconception that credit reports are for the most part, mostly correct, and it is not true. Mistakes are more common than people realize. In fact, nearly 8 in 10 consumers have a bug in their credit reports, and they may not even know about it. You see, most people make a habit of checking their credit card statements monthly to make sure they are recognizing all the charges. And the same should apply to your credit report, because you never know what false and harmful information could affect your creditworthiness. All personal information is now listed in the first section of the report. And that’s where the first mistakes often lie. So when lenders check your client’s credit report to review an application for financial products like credit cards and loans and even homes when the credit report is inaccurate. This can jeopardize your approval rating and affect the terms and conditions you receive as well as your interest rates. And as a credit hero, you need to know that you have some tactics that you can use to troubleshoot these errors. Check out my episode from earlier this month. It’s all about credit repair hacks and bug fixing. And in this episode you will learn exactly what to do. The link can be found in the show notes for this podcast. And if you use these strategies, your customers will love you for it.

And that’s it for today. It’s always better to know the facts so that you can make the best decisions. And if you want to learn more about starting your own credit repair business, I would like to invite you to my free training, in which I will show you exactly what it takes to get started with your very own personal credit repair business. And best of all, this workout is absolutely free. It is available now for free at creditrepaircloud.com/freetraining. And if you value the things I share on this podcast, click on them to subscribe. And if you have a question or comment, please leave it below because I read every one of them. And if you want to do me something good, rate me and give me a rating. Give me a thumbs up because my goal is to reach and change as many lives as possible. And see you in the next episode. And until then, be a credit hero and change your life.

Want to quickly build a great business helping people change lives and making a good living in the process. Then I’d like to invite you to my free online training at creditrepaircloud.com/freetraining. In this free training, you will learn how to get customers to pay you even if you are just starting out with easy credit repair results without being an expert, and how to get all of the customers you will ever need without paying for it to pay advertising. This training is also absolutely free. Just visit creditrepaircloud.com/free training

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