5 steps to improve your credit score. - Fly Credit

By Jake Song

    You need to understand how important this is and out of all the things you’re seeing in Social Media this is the kind of knowledge you need to know and take away. Now here’s the deal, you have choice to live a better finical life or just live like the most average people who are facing financial struggles. So I thought I need to bring this awareness to the people who I care… My life has changed drastically just by learning the principal behind credit. Yeah I’m talking about your 3 digit number of credit score that determines literally everything in today’s finical world

So now let’s talk about what’s actually happening in America. So the average credit in America is 695 according the U.S. government website. Now if you’re below 700 credit score you’re missing on the opportunities of having 1. Free Travel 2. Passive income and 3 ridiculous amount of money that you can be receiving.

So here’s how you can fix your credit score today.

  1. You must first know your credit score and get copies credit reports
  2. You must Fix any errors on your credit reports
  3. Maintain healthy credit accounts and start building positive credit history to over 750 credit score
  4. Control your credit utilization
  5. And lastly, you need to have fun while doing this because you could be traveling to most exotic destination around the world if you understand how to leverage credit.

Step 1: GET A FREE FICO CREDIT SCORE

Find out where to get copies of your credit reports. You can get your VantageScore FREE on credit karma and it updates periodically. However, that is NOT the score you NEED. Your true score is your FICO credit score, which is the score that is used by over 95% of lenders. So that is the score you need to know. You can find your FICO score from HERE every year. So make sure to check it out.

STEP 2: FIX CREDIT ERRORS

Once you’ve looked at your credit reports, you will find some errors. Like your middle name, address, and accounts being reported wrong, and so forth. You can obviously have many options to repair them. One, you can fix for yourself instead of paying thousands of dollars to credit repair agencies. In fact, that’s the reason why I have created “Credit Mastery Secret” course where you can learn the knowledge of credit repairing. We teach you how to fix late payments, inquiries, bankruptcies, repossessions, medical bills, and many more.  Or GO TO: Consumer Financial Protection Bureau https://www.consumerfinance.gov  and assist some help. The website is actually very simple, all you have to do is follow along with self guided process. I personally utilized CFPB to dispute some inquiries before and they were really helpful.

STEP 3: MAINTAIN HEALTHY CREDIT ACCOUNTS: LOWER INQUIRIES

Maintaining healthy credit accounts: Payment history is the most important factor in your FICO credit score and the payment is 35% of what makes up your total score. Even just one late payment can drop your scores significantly. Having a good payment is the most important factor of healthy credit account. 

The next factor of maintaining healthy credit accounts is to lower your inquiries. Inquiries are basically a check up you get every time you let lenders check your credit profile. For instance, going to a dealership to find a new car, applying new credit cards, and even a new apartment lease. Have below 6 inquiries in 6 months period of time. Well, if you already have high inquiries that’s fine also. I can give you some dispute letters to remove them!! Just think of it as this way: The more credit you’re seeking, the higher risk you’re to the lenders.

STEP 4: LOWER CREDIT UTILIZATION ( Pay off credit balance before the statement balance generates)

Credit utilization is the amount of revolving debt you have relative to your credit limits. Say you have a credit card that has credit line of $10,000 now if you use $5,000 in that month and your statement balance reflects that then you’ve used 50% of your credit utilization. So I get it at this point,  it seems stupid to use credit cards because your credit score will go down if you use too much right? Then what’s the point of using credit cards?

So here’s  what you can do to LOWER CREDIT UTILIZATION: pay your credit card balance before the statement generates. Typically most credit card statements come around between 28-30. Now, if you pay your balance before the statement comes, then you didn’t used any credit line. Therefore, you’ve used 0% of your credit line. Now that’s the SOLUTION! That’s why I just simply increase the line of credit. In this way, I really don’t even worry about my credit utilizations..

STEP 5: FOLLOW FLYCREDIT TIPS( FREE TRAVEL, PASSIVE INCOME, & MORE)

Sure you can find a lot of helpful tips online, but unlike other people who just write off tips, I actually live through it. I have gone from below 600 credit score to now 789 credit score. And all my videos and tips are about how myself and hundreds of Flycredit members are leveraging credit for FREE travel, making passive income, and lastly learning credit repairing. 

This is why I never get financial advice from someone who doesn’t live a finical free lifestyle. I mean you’re not gonna listen to a personal gym trainer who is overweight right? We’re offering a limited 10 mins FREE CREDIT CALL. 

Call me or text me 1-800-727-4791

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