Journey To Good Credit-3

This article alone contains everything you need to know to begin your
lifetime journey to good credit.

In my research for this blog and my Give Yourself the Credit seminar, I
learned that very few people ever fully utilize the information on wealth
and business building that they learn. Further investigation revealed it
wasn’t just with wealth and business building, but also with weight
loss, ballroom dancing—everything! It seems that while the information
is learned, it never gets to the point of being a habit and thus produce
the desired result.

You will find this blog is very different. You will discover the truth
about building and rejuvinating credit. The article evaluations will help
you take practical steps in the right direction—to good credit habits
and becoming a credit millionaire. Even when you reach your goal of
becoming a credit millionaire, you’ll continue to apply the strategies
you learn in this blog to maintain your credit millionaire status.


The Journey
The journey from credit repair to credit millioniare can be stated in a
simple four-step process.

1. thoroughly explore what credit is from the eyes of a lender
2. learn sound financial principles
3. correct errors on your credit report, restoring your perfect credit
4. using your good credit to build wealth

Sounds simple, doesn’t it? It really is that easy. But knowing what t
steps are is like knowing the title to a book—you have no idea what
nuances the story unfolds. Like a good novel, this blog takes you
on the journey to millionaire credit. Together we’ll walk through each
of those four steps—legs on your journey—learning the shortcuts and
pitfalls along the path. You’ll learn the resources you need to pack fo
the trip. Whenever you find it necessary to stray from the path to
explore an interesting cove or tree of life, I’ll be right here, waiting to
guide you further along your journey.

That journey starts with a deep understanding of the credit system.
The common credit advice focuses on improving your credit score.
While this is a fine approach if you are looking for good credit to buy
your home or automobile, it’s shortsighted when looking for millionair
credit. On some next articles of this blog explodes this consumer credit myth and
explores what lenders really look at when issuing credit.

You’ll discover the five factors in every lending decision, and how to
present those factors to a lender. I call this the All-Star Credit plan.
My business used these very five factors as the framework for our
business plan presentation to the bank that ultimately gave us a $5-
million asset-based credit line. Once we knew how to tell bankers wh
they wanted to know, the doors to the vault were opened for us. On
this journey, you too will learn how to crack the code to bank vaults.

Once you’ve trained for the trip by learning what credit really is and
how to appropriately demonstrate it, you are ready to work on your
credit heath.

Complete credit rejuvination and building efforts require a two-pronged
approach. First, you need to fix the behavior or circumstance that
resulted in bad or no credit, then you need to remove, soften or respond
to the evidence on your credit report. Each prong works hand-in-hand
to bring your credit to life and ensure that the credit damage doesn’t
recur.
Next time i'll discuss the second step of your good credit journey.