3 Ways to Improve Your Credit Score with Wayne Sanford - Episode 596
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 5 March 2020
⏱️ 27 minutes
🧾️ Download transcript
Summary
Want to get started in real estate, but feel held back by a low credit score? You're not alone in this, and the good news is you have options for improving your credit score. On today's show, Wayne the Credit Guy is back to run down three ways to improve your credit score!
On this episode of Investing in Real Estate, Wayne Sanford is sharing recent changes to the credit scoring system, how to intelligently get out of debt, and more. You'll learn about repairing credits, the importance of knowing your options, and the future of consumer debt in the US!
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Transcript
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| 0:00.0 | Welcome in everyone to the Investing in Real Estate Show. So glad to see you again. My name is |
| 0:09.8 | Clayton Morris. I'm the host of the show, we help you build financial freedom. |
| 0:15.6 | One of the most common questions we get here on the show over the years is about credit. |
| 0:21.8 | Can I get financing with bad credit? Can I start to invest with bad credit? It's |
| 0:28.4 | always tied around how will this affect my credit. And a number of years ago we had Wayne Sanford on the show. He is the |
| 0:34.4 | credit guy and I thought, you know what, it is time to bring Wayne back. We've got tons of |
| 0:39.0 | questions over the years since Wayne first appeared on the show. A lot has changed in the credit space |
| 0:44.2 | since we had Wayne last on the show and we figured it was time. Wayne, welcome |
| 0:48.4 | back to the show. Thanks for having me, Clayton. Good to have you back. So, I mean, it's been a few years, I mean, you know, and not to like throw you into the bus right away, but |
| 0:58.5 | holy smokes, what has changed in the credit world in the few years since we spoke. |
| 1:03.0 | Is it easier now to fix your credit? |
| 1:05.0 | Is it more difficult now to fix your credit? |
| 1:08.0 | What new laws on the books that we need to be aware of? |
| 1:11.0 | Well, probably one of the most prominent ones that came out was about |
| 1:15.8 | two and a half years ago, give or taken it had primarily to do with medical bills. This is probably one of the first few |
| 1:22.2 | times that the consumer benefits. |
| 1:25.0 | And I don't usually say medical deals. |
| 1:27.8 | We all know how bad the medical industry is as a whole, because it's business. |
| 1:31.6 | The biggest problems is the billing department is just |
| 1:36.2 | pathetic at best with my personal opinion because obviously I see all the problems. |
| 1:40.4 | Most of the time people would have a bill and that they wouldn't know about it, they wouldn't be informed about it, |
| 1:46.8 | so all of a sudden something popped up on their credit and their credit score dropped 70 points. |
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