Please post here any ideas or strategies to improve credit scores/ratings. If we try and keep this topic strictly on credit it may go a long way in assisting others as well as ourselves when it comes to cleaning up our credit.


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Authorized user

I hear that adding an suthorized user can increase credit scores quickly. If you know someone with an american express or someone with good credit and has credit cards they can add you as an authorized user. There is no risk to the person adding you, because you will not have access to the credit card, but will in fact have good credit from their history.


"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote

Improving your credit score

I found a good article at:


If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125

Another suggestion

Sometimes when I know my pay period does not coincide with my credit card payment due date, I call ahead and prepay to the upcoming pay period with direct withdrawal from my checking account and that works perfectly. In doing so I avoid the late charges, and the coustomer rep. do appreciate.



"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.

I've never owned or had a

I've never owned or had a credit card in my6 possession and I'm trying to apply for a credit card to establish some credit, but I have been getting denied by numerous credit card dealers. They say I have none or too little credit history. I also found out that I owe a phone company a couple of hundred bucks but never had a phone in my name. Its not much to pay, but I'm confused where that came from. Whats the best credit card that you think I can best acquire without having to pay a deposit?

Credit Card

It is easy to acquire a credit card from chase. Also if your have a bank account, they should be able to offer you a credit card. Concerning the money owing to the phone company, you may have to contact at least one of the credit bureaus and inform them of the situation. They will ask you to write a letter with the details. They in turn will do some investigation and get back to you later with the results. Based on their findings, they will inform the other credit bureaus. Hope everything works out and the debt is removed from your credit report.



"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.

just for those that need it

I am reposting this for anyone that may need it


TWITTER - anitarny / FACEBOOK - anitarny


i have bad credit

Is it possible to still buy homes without using any of your own money even if you have bad credit?


Absolutely.. Have you read Deans book? You should read his book. It mentions several strategies for buying properties with no money and no credit.


"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote


Yes, I just started reading his book yesterday and it's very interesting and motivating to start. I am happy there is a forum here because I'm going to be asking a lot of questions.


how can i get llc credit line because my credit is not good


I would suggest you start by getting your Corp (LLC) papers filed, then open a business checking account under the business at a small community bank. Borrow money off the amount you deposited as a secured loan. You're doing this to build a line of credit with the bank AND to build rapport with the bank manager. Do this with several small banks. In the meantime you can look for probates through a court or county newspaper in your area, they are filed publically under Notice to Creditors. Get the name of the beneficiary or lawyer, contact them and let them know that you can help them by buying the property and relieving them of that responsibility. Hope this helps, let me know if you need anything else!

You have a great evening

Warm regards,

Paul T. La Moy

What You Can Do to Improve Your Credit

The following information is found on I like #6. Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score. ...So often buyers will apply for a loan and then go buy a truck or something that hurts their credit, killing all chance. It is wise to warn buyers of this..

_ _ _ _ _
Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

1. Check for and correct any errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

2. Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.

3. Don’t charge your credit cards to the maximum limit.

4. Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

5. Don’t order items for your new home on credit — such as appliances and furniture — until after the loan is approved. The amounts will add to your debt.

6. Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score.

7. Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

8. Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.

This information is copyrighted by the Fannie Mae Foundation and is used with permission of the Fannie Mae Foundation. To obtain a complete copy of the publication, Knowing and Understanding Your Credit, visit

Getting Financing

Can anyone give me some ideas on how I could possibly obtain financing for RE investing? I am new to this and Deans teachings. Just came out of a long marriage and my credit is shot. However, I am working on restoring my credit but this will take time. Time that I do not want to have to waite for in order to get started in investing. I am excited and want to keep the learning and momentum going. Any input will be greatly appreciated. Thanks, Bill

Work with your creditors

don't run from your debt! Cause you can't! Negotiate credit cards, auto loans, misc. loans, past due rents (previous landlords) and even your home loan. Check the collectors that you're getting letters from, make sure they are legit. You can call the lender or credit card company you had a card with and find out who (collector) is handling your account, if the they have sent it out of house to a collection agency to collect the debt. If the debt is 7 years old, don't dispute unless it's not yours (identity fraud) because you will make a old debt that was probably discharge by the lender/CC a new debt all over again even though it appears on your credit card. If you've had family members use your identity to obtain a cell phone, land line phone or whatever else without your permission, it's thief, plain and simple. Have them pay those debts (even if you have to take them to small claims court).


In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.

My Best Advice

I have Bad Credit but one thing I do know its not Impossible to get Bad marks Or History off your Credit I did this once with my Cellphone which I paid off in Full which was $500.00 .

1. Pay the debt off in Full & ask the creditor(s) for papers that state you've paid in Full.

2. gather all paperwork including your Banking statement & a Copy of the Check or Money that you sent to the creditor.

3. write A Letter to all 3 Major Credit Agents explaining what your wanting & why & include this letter with your Packet which should be in 3 Folders for each Agency .

4. Once you've got all your Papers & Documents needed , make copies of all paperwork ,put them in 3 Folders for 3 Different Agencies . & mail them off to your Credit Agencies.

5. Keep your Original documents & Letter as your Back up just in case it gets lost in the mail or something you'll have Back up.

6. with my Cellphone it only toke them 6 months to mail me a letter stating that they had token the T-Mobile cellphone debt off my credit & sent me A credit report showing my new History & that it was token off .

I havn't done my Bigger debts "Credit Cards" like this yet but once I have I'll try this again with the Bigger debts & see if it works once again.

This proves that you can get your own Bad Credit marks off yourself & not fool around with Fake, Scams online that say they can do it for you Cause they are lying , Plus It cost me nothing for A few Dollars to mail my Documents & letters by FedEx to the Agencies .

I've been thinking about helping others with getting their credit back straight without been burned by scammers.

If your asking is this easy it can be if The Creditors are welling to help you & send you Official statements that you've paid them in full , & most likely you'll have no issues at getting A Offlicial Statement letter .

Credit Repair

People this work's. I have found that if you simply write a letter to the credit bureau. Tell them you want to dispute all delinquent account's. Than sit back and see how many item's become deleted from your credit report. It doesnt cost a cent and you"ll be amazed at the amount of money one can save. This process can take a month or so !!!!!!!!Good Luck Kymmith

This is What I did & Mailed Proof

This is what I'm talking Above too Its Easy especially if you include The Proper Documents showing you've paid The debt off .

I'm going to do this Again with my Bigger Debts Credit Cards of Course .

I'm Like I'll never Use A Online So-called Credit Repair Company again & most of them are Fakes , You're better off Doing it yourself & it cost less then what you'll pay for if you use A damn Credit Repair Company.

mine t-mobile debt toke 6 months i guess they investigate before deleting each debt so it pays you to pay each delinquent off in full .

Tax Lien on Credit Report

Is there a way to pruchase a house even if there is a tax lien o n the credit report. I was thinking about taking over a mortgage, change of deed...any ideas?

Kim D.

Real estate investing vs. credit issues

I have some questions regarding investing and I apologize if these questions have already been asked/answered. Is it possible to be a successful real estate investor, if you have bad credit, ie late pays, foreclosures, repossessions, etc.? What strategies would be best for someone who is serious about investing, but has some dings on their credit? Thanks in advance.



Thank you all for the amazing information on these topics, I have found the information very helpful and will be immediately implimenting these strategies to help raise my score.

Sincerely, Tom Taylor

Credit Repair Help

A past client of mine recently contacted me for my help on credit repair as he was in need of getting his credit to a 620 minimum score in order to invest in one of my homes. I have many times in the past spent the time to coach and or help a borrower to improve his credit in order to obtain financing. But, nowadays, anything that takes me from my investing and lending business does not prove to be a good use of my time.

So I began checking out a number of credit repair companies that claim to be reliable and reputable only to come up disappointed and unsure if I ever would find a company that I might recommend my buyers / borrowers to for credit repair.

Then, out of the blue, another friend of mine that is also in the mortgage industry, called me to "check out" an opportunity. I was thinking "Oh no, not another meeting about selling soap or berry juice to take me away from what makes me money. As I gave my friend my word to do so, I reluctantly checked it out.

The opportunity happened to involve credit repair. I was amazed at the information and the credit repair service, and let me say it takes quite a bit to amaze me. But after coming up empty handed in my credit repair company search, this information was indeed welcomed.

I discovered that the company has a great rating with the better business bureau and they offer a money back guarantee.
Also, they can provide real-time status on my buyers / borrowers as they move through the credit repair process. So I figure this is better than ACT or Goldmine in tracking the people that enter into the credit repair service. In short, I will know exactly when they hit the desired score target so I can immediately move them up in my buyer's list and active borrowers list. Cool huh?

I have been in lending and finance going on 28 years and I have seen some pretty strange ideas that have come to my attention over the years, but I can honestly say I have never seen anything like this. The company offers real credit repair help and education that most Americans need in today's economy.

So, I am sending you this message to ask you a favor. If you like, you can PM me and I can share with you the information to see if you are equally as impressed as I am.

As I very much value your opinion as both a lender and investor I would be interested in knowing what you think.

Oh by the way, my wife and I are contemplating signing up to be independent agents with the company as a side-line business as many of my past clients and current buyers are in need of the services that this company provides. We have been looking for way to provide additional income while we continue to build our investing business. We feel that this may be perfect for us.

Please check this out. I would really appreciate your input. You can PM me and I can share the information with you.


pay off & credit score

I am considering a reverse mortgage to free up some cash. As I will be required to pay off the existing loan will this have a negative affect of my rating. Also wont this show that I am taking out a new loan and how will this figure in? hope to get an answer asap as I am meeting with someone next week to get more info. Dont want to waste their time or mine. I will be using the cash I have been paying on this home to make payments on a lease purchase of another home for investment.


on the right track-credit repair

I am paying a company to settle my debts for less than half of what I owe-in return, I am paying monthly to this law firm and when I have enough to satisfy an offer, it gets paid off. So far, all but 2 debts are paid. They instructed me not to apply for any credit or use any of the credit accounts. I also have a few discepencies on my credit reports due to identity theft and a messy divorce. Most of these have been cleared. How long after all of the accounts are paid can I start the credit repair process? Do I open new accounts to build up my score? I really dont want anymore credit cards...isn't there some other way to improve my score without opening new credit card accounts?

Sandy Jones

Using Another Person's Credit to buy R.E.

Can anyone offer suggestions on using another person's credit to purchase property since my credit is bad?
I have a business partner with an 800+ score and has offered me the use of his credit. I do all the leg work and we split 50/50.
I know I want to purchase low, and flip, purchase low and hold for appreciation, and split 50/50 once sold.

Has anyone ever used someone this way and can you offer ways to me to use this person's credit? I would like to be able to explain this to him intelligently.

I would appreciate any help I can get.j

Thanks in Advance,



"Dont't Let Your Past Dictate Who You Are, But Let It be Apart of Who You Will Become"

Hello e

Thanks for responding. Can you tell me what a PML is. Also, when you say get him pre-approved and put money in IRA, are you saying have him apply for a line of credit and put that money in the IRA?
How would an actual deal work, let's say once I have found a deal, I go to him for the money, I'm guessing earnest, deposit, and then I would need the deal financed. I am a little confused as to how this would work.


"Dont't Let Your Past Dictate Who You Are, But Let It be Apart of Who You Will Become"


Hi Tellytae Teresa,

PML is a Private Money Lender....a very good contact to make.

I haven't actually partnered with anyone yet, but I almost did. If he has the money and the credit, then you can find the property, make the offers, get it under contract, do all the work, and have him fund the deal. This would work if it's not a bank REO and you could assign the contract to him for the purchase. (I'm sure he would want his name on the title if he was funding the deal.) Or you could possibly start an LLC WITH him. That way you could get it under contract and he is part of the company and therefore has some control and you are doing it together. Or as the previous post mentioned, another way is using a self-directed IRA (so I've heard from many people).

Make sure talk with him first and write up a contract spelling out specifically how this would work and how you would split the profit. What is the cost of the property, what are estimated repairs, what is market value that you could sell it for.....subtracting all costs and agents commissions leaves you with estimated profits that you split 50/50.

Or he could just loan you the money for 12% interest like a hard money lender. These loans are usually 6 month loans which can be extended past the 6 months for extra fees.

I walked out on a deal because I was taking 100% of the risk without my name being on the title and I didn't like the contract (or rather the lawyer I had review it strongly recommended that I not proceed).

Hope this helps.

Thanks Margaret, That was

Thanks Margaret,
That was very helpful.


"Dont't Let Your Past Dictate Who You Are, But Let It be Apart of Who You Will Become"

This page On Dean's Site Helps Out a lot

This link on Dean's site explains how to get $250k to $450k for real estate deals without credit Amazing!


Always in Your Service

Link doesn't work

Hey the link does not work please post again. Thanks


Erika, REI
Brownstone Investment Group
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.

Improving Credit Scores

Hi my name is Ferral!!! There are several ways to improve your credit scores legally. What technics have you tried to imply already to improve your score?

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