I can remember a few years back when I had a blemished credit score, and more issues on my report than I care to remember. I had no clue on how to build credit. Here I was with a credit history in the low 500’s and nobody would approve me for anything, without ripping my head off with ridiculous rates. Luckily though I had a background working with credit, and that forced me to begin to take a deeper look into how to build credit. I would like to share with you my story and how my credit has reflected back.

First it’s probably good for you to know where I started at. In 2003 I opened a business and ended up not doing to well with it for some time. It was my first expedition into being self employed and this caused some real havoc on me financially. I could not afford to put gas in my vehicle at times, much less the money to pay for my obligations in a timely fashion. I ended up getting things together, but by that time the damage was done. I had several credit cards that ended up being charged off and the bill collectors were coming after me.

In December of 2007 I had an auto that started breaking down on me. I was 28 years of age and I needed to ask my dad to cosign on a loan with me so I would not have to pay an interest rate at around 18%. By having him cosign for me I was able to get a rate at 4% and I still have that auto to this day. I have saved thousands of dollars in interest because of this. This, BTW, was the first credit I had since the issues I had in 2003.

With having this vehicle loan now reporting on time payments, finally I was able to get accepted for a Mastercard in May 2008, but the limit on the card was only $400. While that was great and all, with my past credit report it took a long while for any other company to approve me for anything. Another option for me at this time also would have been to get a secured credit card to couple with the other credit I was establishing.

Come to discover, the limits on credit card accounts have a ton to do with our capabilities to get more credit. The higher your credit limits, the better it is for your credit. Think about it, if you’re signing up for another Mastercard and have had a little issues in the past financially, then it’s very hard for any company to get a good read on whether or not you’d be a good loan risk. This holds especially true if you are available rotating credit is only $400.

This is when I began learning about credit repair. I had a choice to make. I could either wait for 7 years minimum for this information to fall off my credit history, or I could kickstart things and learn how to do the credit repair. I selected to kickstart things, and I’m so ecstatic i did. To make a long story short, i have been able to get pretty much everything removed except 2 things, one being an open charge off account that has had some stupid fees added to it. I could even bring a lawsuit against this company because they are clearly violating my rights because they haven’t been able to come up with a full accounting of how they got their figures. This account is booked to fall off in a few months so I haven’t worried.

Obviously I have had a pretty important improvement in my scores with all 3 of the bureaus. I’ve now qualified for two more unsecured credit cards and will continue to see major enhancements in my scores over the following year. Now knowing precisely how credit works, I also got a $5,000 line of credit that reports to the agencies. Now this is not a conventional account, and I can’t use it for much of anything other than to buy ebooks online from their website, but it is’s agreat account to have which has helped my credit score quite a bit, and opened up the door to afford me the opportunity to get the unsecured cards.

Had I not known how to build credit, or learned credit repair then I’d be miles away from where i am right now. This has got me thinking, because I am actually no different than anyone else that has had issues financially in the past. The only difference is that I learned how to build credit and I want to be well placed to share my experience and knowledge with any person that is prepared to learn. These strategies work a hundred percent of the time if implemented correctly, but this is all done with the long -term in mind. If you have a long-term vision you too can have these types of results.

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