Credit and How It Can Affect the Investor

When first starting out in real estate investing or any kind of entrepreneurial venture, the question often becomes, where am I going to get the money to invest or start my business? Mortgage companies want 20% down to purchase a house. Private lenders charge high interest rates. You’ve read some of those “No Money Down” books, but you’re not quite comfortable with that technique yet. Suddenly there’s an opportunity to buy a property at a great discount. There’s only one problem: you don’t have the money to make the down payment. What’s worse, the mortgage company is giving you a hard time because your credit score is low. The bottom line: you can’t get approved for the mortgage anyway because of your low credit score.

We talk about building your creditworthiness, because we have found that creditworthiness can be the key to creating the financial independence and wealth you desire. Unfortunately, a lot of us find out the hard way just how important our creditworthiness is to our financial health. We may fall victim to the hidden tactics of the credit card industry and before we know it, find ourselves deep in debt. Our credit score plummets and we didn’t even see it coming. As you will find out, the credit card companies seek out those who are having trouble making their monthly payments. They often raise your interest rates…because they can. This adds more fuel to the fire and before you know it, the amount you’re paying in interest is more than your monthly purchases.

“The Mack Group” will explain how the credit card industry works. They will explain how your credit score works and why it is the most important number attached to your name. No other number affects your finances as much as your credit scores. They’ll explain how to get out of debt and how to keep out of debt. And most importantly, they’ll explain how to build wealth through establishing creditworthiness and how to borrow money to make profitable investments by using your credit cards.

Credit cards, when used in the right way, can be an invaluable wealth-building tool. Most people don’t know this. Most people fall into one of two categories: Those who use credit cards for convenience and pay no interest (they pay off their balances each month) and those who have a love/hate relationship with credit cards, meaning they have fallen dependent on them, but want desperately to end the vicious cycle. The only problem is, they don’t know how. If you fall into the second category, “The Mack Group” will show you how to end this vicious cycle. In fact, we’ll do more than that. They’ll show ways to quickly increase your credit score, and give you a step-by-step plan to get out of debt.

And if you fall into the first category where you only use your credit cards for convenience, they’ll show you ways to use your credit cards to build wealth that you never thought of, as well as ways to increase your credit score. You may already think you have a good score, but we’ll show you how you can make it even better. What does this mean for you?

• More money in your pocket and less money paid out in interest
• Higher credit limits which translates into more borrowing power
• More yes’ and less no’s from lenders

Take a guess right now as to how much all of your combined credit limits on all of your credit cards adds up to. $5,000? $20,000? $50,000? $100,000? Imagine if you had close to a million dollars in available credit. Does that seem impossible? We’re here to tell you that it’s not only possible – if you’re a serious real estate investor, it’s a must. We’re not advocating going into debt or getting in over your head by any means. But if you borrowed $500,000 from your credit cards knowing you can pay it back in two months, you’ve just used credit to help you create more wealth. There are two types of debt: debt that creates poverty and debt that creates wealth. We’re here to help you give up the first kind and create more of the second. Why not? If you follow the steps from “The Mack Group” and build your wealth and real estate business from their lead, it’s very possible. We use these techniques to improve our credit scores, increase our credit limits and lower our interest rates. Then, we used our creditworthiness to invest in properties.

We’ve always felt that in order to become wealthy, you’ve got to think like a wealthy person. That’s why in their program they’ve included an entire chapter on how to think and act rich. Thinking rich actually is the foundation for allowing any kind of abundance into your life. Building wealth isn’t just about taking the right actions; it’s about thinking the right thoughts. You have to examine your life. Who do you hang around with? Who is inputting data into your brain? If you want to fly like an eagle, you can’t hang out with the chickens. There are many pieces of the puzzle to becoming wealthy and your thoughts are one of them. Your credit score is another.

But believe it or not, not all wealthy people have good credit scores. This actually works to your advantage. When your credit score is pulled, lenders never look at how much money you make because they can’t. Your earnings aren’t listed. They look at your credit score. Think like a wealthy person and create credit reports and scores of a wealthy person with the highest integrity. Someone who pays their bills on time and uses their credit responsibly. Integrity is another piece of the puzzle in creating wealth. We talk about the other pieces of the wealth puzzle – all crucial to your success.

And once you increase your credit score to its highest potential, you’ll want to make sure nobody steals it. That’s why we’ve included an entire chapter on Identity Theft. We’ll explain how you can protect yourself from becoming a victim of identity fraud and what to do if you do become a victim. Identity theft is a growing crime that has gotten out of control. It can ruin your financial life to become a victim of identity theft. Protecting yourself is key.

We also explain why it’s so important to build business credit when you’re starting your own business. One of the most important reasons to incorporate and build business credit is to protect your personal assets. There are other advantages as well.

To get started, Click on the link, View “Our Debt Resolution is the Solution for You” 10 Minute Video”, Try our Debt Options Calculator, and complete the form.