How To Build A Powerful Credit Profile | PREI 150

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 7 May 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A quote goes that if you don't take good care of your credit, then your credit won't take good care of you. Knowing full well the truth in that statement is Merrill Chandler, CEO and Chief Strategist at CreditSense. Merrill digs deep and highlights the importance of having not only a good but also a powerful credit profile. After all, what your credit looks like will determine whether you can get business lines. Merrill shares how we can build a powerful credit profile of our own and talks about credit repair, the FICO score, and the common mistakes people make with their credit profiles. Episode show notes: http://www.PassiveRealEstateInvesting.com/how-to-build-a-powerful-credit-profile Sign Up for Their FREE Web Class. Sign Up for Their Fundability Bootcamp. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing to show where busy people like you learn how to build
0:05.7	substantial passive income while creating wealth for the long term.
0:09.8	And now here's your host, Marco Santorelli.
0:13.4	Welcome to Passive Real Estate Investing.
0:16.8	I'm your host, Marco Santorelli.
0:19.4	There was a quote that once said,
0:20.8	if you don't take good care of your credit, then your credit won't take good
0:24.1	care of you. So why is your credit score and profile so important? Your credit profile determines
0:29.9	whether you get loans and the rates you pay and the types of loans that you can get.
0:34.5	Your credit determines a lot more than the loans you can get and the interest rates you pay.
0:38.6	Insurers use credit to set premiums for your auto and homeowners coverage.
0:43.0	Landlords use them to decide who gets to rent their properties.
0:46.0	Credit also determines whether you can get business lines of credit
0:50.0	that can be literally in the millions of dollars
0:52.0	and can be used for some of your real estate investing strategies.
0:56.8	Since credit has become such an important part of our lives, it literally pays to keep track of your credit profile and understand how your actions
1:04.5	affect it. So today we're going to learn about the differences between your
1:08.2	credit score and credit profile and there is a difference and the importance of it
1:12.3	all in every part of your personal and business life.
1:15.0	Now before we get to that episode interview, I just want to read a quick review that I found on iTunes.
1:22.0	iTunes is where we get
1:23.0	probably 80 to 90 percent of our traffic and so most of the reviews show up there
	...

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