How To Raise Your Credit Score Using A Secure Card

By
Mortgage and Lending with Kingwood Mortgage Guy NMLS #318989

How To Raise Your Credit Score Using A Secure Card http://www.kingwoodmortgageguys.com

Mike explains in detail how to use a secure credit card to raise your credit score. Mike notes the biggest challenge is knowing how the credit bureau's scores are calculated. Most people have no idea how scores are calculated, thus they do not know what to do to get their scores back in a positive range. 

http://youtu.be/5QEBXr7GzF4

What to do if you have avoided credit the last couple years
This is a good strategy if you had a financial trauma, and your credit scores
have been damaged.


1) Simply, get a secured credit card, better to get two. These are credit cards that credit unions and small banks allow you to open when otherwise you might not be able to open an account.

2) Here's what you do, put $500 bucks into one of their savings accounts.

3) You ask them if they will issue a credit card using the money in your saving account as collateral.

4) Make sure that they will report it to the credit bureaus. (Don't forget to ask them this question, it is critical!).

5) Use the credit card for gas or some small expense items that you would otherwise use cash for.

6) Never let your balance go over $150, or 30% of your limit.

7) When the bill comes in, pay it immediately. (Leave a small balance, do not pay off to zero).

By using the card and paying the balance immediately, after 60 days your scores will start to move up.
The longer time you follow this method, the higher your score will go.

https://www.youtube.com/user/dmikey0122

We can get you a loan when your score reaches 600, but the real goal is 640 because the
interest rate will be much better.

Feel free to call me if you have any questions about this 7 point plan to get your scores up.

Check out real Kingwood Mortgage Guy reviews at: 

https://plus.google.com/1149285491014hl=en

New Edition Feb 2016 https://www.youtube.com/watch?v=54Htp...

1521 Green Oak Pl. # 197
Kingwood, TX. 77339
281-348-9899
Where You Can Get A Secure Card - click link below... http://www.creditcardbroker.com/membe... (I do get a affiliate commission when you get a card through this link)
http://www.kingwoodmortgageguys.com

How To Raise Your Credit Score Using A Secure Card

Comments (22)

Mike Durr
Kingwood Mortgage Guy - Kingwood, TX
20 yrs as Loan Officer, Credit Scoring Specialist

Thank you for the kind welcome.

 

Mar 18, 2016 04:59 AM
Mery Fernandez Empire Network Realty Luxury Brokerage
Empire Network Realty INC. - Orlando, FL
The Rise of An Empire, Let's Build Yours!

Hi Mike! Welcome to the world of Activerain, may your blogging  create a whole new chapter in your Real Estate Career.

Mar 18, 2016 05:05 AM
Diana L Faulkner
Romanoff Realty - Alamo Heights, TX
Alamo Heights Homes for Sale - Concierge Service

Mike, thank you for posting this.  I forwarded this to my Millenial godson.  You know they all use debit cards.  He doesn't have bad credit.... he has no credit.  You being a mortgage guy, you know that no credit is just as difficult as bad credit from a lending perspective.  Welcome to AR.

Mar 18, 2016 07:06 AM
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

Welcome to Activerain, there is so much to read here and a ton of great people to connect and network with.  Feel free to click on me and add or follow me.  Have a great weekend.

Mar 18, 2016 07:50 AM
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

ps. congratulations on jumping right in and getting your first blog post published here.  The comments are a great way to meet and interact with others.

Mar 18, 2016 07:55 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for the tips Mike, unfortunately we are all dependent on these credit scores so it pays to learn how to work with them.

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
Bob

Mar 18, 2016 04:15 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Mike Durr everyone on this platform would be wise to read this post and listen to your video.... great presentation and thank you for sharing it....

Mar 18, 2016 11:28 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

and welcome to ActiveRain....it's a great place to learn, share, market and network....and I hope you enjoy it...

Mar 18, 2016 11:29 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Welcome to Active Rain!  As REALTORS® who have been here for more than 9 years, it's well worth it!

 

Mar 18, 2016 11:39 PM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Mike, this is great information that a lot of us will be able to pass onto out clients - and maybe use ourselves.  So thank you!  

Mar 19, 2016 05:08 AM
Dinah Stallworth-Lewis
Priority Real Estate LLC - 318.332.8281 - Natchitoches, LA
NATCHITOCHES, LA HOMES FOR SALE

Mike,

Thanks for sharing.  I a gree, getting a secured card or two , if done  correctly can help you to increase your credit score.    Although, initially when you get them, it may dip slightly before increasing.   Great blog.

Mar 19, 2016 02:04 PM
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

Welcome to Active Rain.  Raising credit scores before purchasing a home is a great  technique for buyers.  Thanks for sharing this information. 

Mar 20, 2016 04:58 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing.

Mar 20, 2016 08:31 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Welcome to ActiveRain. Best wishes for great success with your blogs and your networking with other members.

Mar 20, 2016 11:00 PM
IRMA Beltran
Century 21 M & M and Associates-Turlock homes Real Estate - Turlock, CA
Your Real Estate Agent 4 Life Always there 4 You!

Welcome to Active Rain! Great and very informative blog, thank you for sharing.

Have a Wondeful Blessed Day!!!

Mar 21, 2016 02:20 AM
Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

This is such great information.  I want to share with all of my clients who are in this position.  Thanks for the great information and Welcome to the Rain!

Mar 21, 2016 11:12 PM
Mery Fernandez Empire Network Realty Luxury Brokerage
Empire Network Realty INC. - Orlando, FL
The Rise of An Empire, Let's Build Yours!

Hi Mike! Welcome to the world of Activerain, may your blogging  create a whole new chapter in your Real Estate Career.

Mar 22, 2016 02:29 AM
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Welcome to Active Rain and congratulations on your first post here.  Great information for those who want to buy a home.

Mar 22, 2016 11:11 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Mike,

Welcome to the Active Rain! Congratulations on your first post!

All the best! 

Mar 22, 2016 05:07 PM
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

I learned something from you that I plan to pass along to a client. Thanks!

Mar 25, 2016 08:59 PM