Starter Kit for Repairing Your Credit (Premium)

March 4, 2009 by Richard & Michelle Odessey  
Filed under Secured Debt

credit-homepgGetting money from banks is the cheapest and easiest money you’re going to find. It’s cheap because rates are in the 5-7% range. It’s easy because there is no one to convince. Just fill out a form, and if you qualify you get the money!

Ok, I know “if you qualify” – there’s the rub. Banks have tightened their requirements, and the primary criteria for getting credit is still your credit score. And the truth is, having a high score opens the doors to $100,000’s or even $ Millions.

And it’ not just for getting real estate loans. You can build up $100,000’s in business lines of credit, equipment loans, and much more.

So, truly, an investment in boosting your credit score can be one of the highest yield investments you can make. Oh, a good credit repair program may be the only way of getting your lease-option tenants, or owner-financed buyers to cash you out. The trouble is who can one trust? The area of credit repair is full of scam artists and broken promises.

Imagine my surprise and delight when a good friend, real estate investor, and solid guy, Mark Garcia, told me he had cracked the code for repairing credit. What’s his credentials. Well, after his divorce several years ago, his credit was in the toilet – low 500’s. After study, research, and hard knocks, he figured out how to raise it back to the 850’s.

I’ve asked him to share his insights with the members of our Investor Wealth Network. He kindly agreed and I’m publishing his first installment here below.
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