So You Want To Increase Your
Credit Score?
Learn The Secrets Of Raising Your Credit Score And Get That Loan!

Don’t Let A Low Credit Score Prevent You From Being Able To Afford That New Car Or Getting The Home Loan That You Deserve.

Dear Friend,

Yes, times are tough and it is becoming more and more difficult for people to qualify for loans. Even people with good credit scores are finding it difficult. And here you are – having a low credit score and trying desperately to get a loan for that new car or even that first home!

But don’t despair, there are ways of improving that low credit score and persuading the lending institution that you are worthy of a loan. The first step in this process is to understand how this whole credit scoring system works. Knowledge is power, and with this knowledge you will start to understand the `secrets` behind the system and turn your inside knowledge to your advantage.

Understand Your Credit Score

In general, your credit score is a number that lets lenders know how much of a credit risk you are. The credit score is a number, usually between 300 and 850, that lets lenders know how well you are paying off your debts and how much of a credit risk you are.

In general, the higher your credit score, the better credit risk you make and the more likely you are to be given credit at great rates. Scores in the low 600s and below will often give you trouble in finding credit, while scores of 720 and above will generally give you the best interest rates out there. However, credit scores are a lot like GPAs or SAT scores from college days – while they give others a quick snapshot of how you are doing, they are interpreted by people in different ways. Some lenders put more emphasis on credit scores than others.

Some lenders will work with you if you have credit scores in the 600s, while others offer their best rates only to those creditors with very high scores indeed. Some lenders will look at your entire credit report while others will accept or reject your loan application based solely on your credit score.

The credit score is based on your credit report, which contains a history of your past debts and repayments. Credit bureaus use computers and mathematical calculations to arrive at a credit score from the information contained in your credit report.

Each credit bureau uses different methods to do this (which is why you will have different scores with different companies) but most credit bureaus use the FICO system. FICO is an acronym for the credit score calculating software offered by Fair Isaac Corporation company. This is by far the most used software since the Fair Isaac Corporation developed the credit score model used by many in the financial industry and is still considered one of the leaders in the field.

One other thing you may want to understand about your credit score is that is based on statistical trends.

Credit bureaus and lenders often look at general patterns. Since people with too many debts tend not to have great rates of repayment, your credit score may suffer if you have too many debts, for example. Understanding this can help you in two ways:

1) It will let you see that your credit score is not a personal reflection of how “good” or “bad” you are with money. Rather, it is a reflection of how well lenders and companies think you will repay your bills – based on information gathered from studying other people.

2) It will let you see that if you want to improve your credit score, you need to work on becoming the sort of debtor that studies have shown tends to repay their bills.

You do not have to work hard to reinvent yourself financially and you do not have to start making much more money – in fact, you may be interested to note that your income is not a factor in determining your credit score! You just need to be a reliable lender. This realization alone should help make credit repair far less stressful!

Get Your Credit Report … Now!

You see now that it is vitally important not just to know your ‘credit score’, but to understand what your full profile looks like from a lender’s point of view, and for that you will have to get access to your credit report.

But wait…. you know that there isn’t just one credit score or one credit report, there are at least three. Which one should you use?

Click here to understand why it is vitally important to get all three, and where to get these… for free…