Increase Your Credit Score by 55 Points With These 3 Hacks!

Hey, credit heroes. Want to know how to overcome one of the biggest credit repair obstacles. They may not sound serious, but inquiries can kill your credit score. So today I'm going to show you an easy trick to remove them fast and increase your credit score up to 55 points. So you better stick around.

So the big question is this. How can we take our passion for helping people with their credit and turn it into a successful business without taking loans? Without spending a fortune by bootstrapping it from nothing so we can help the most people and still become highly profitable? That is the question, and this podcast will give you the answer. My name is Daniel Rosen, and welcome to Credit Repair Business secrets.

In the 20 years since releasing my first credit repair software, I've helped thousands of businesses scale from the ground up. I've seen a ton of credit heroes make a great living and and changed so many lives. And I've also seen places where people get stuck and frustrated and just give up. If you're new to the world of credit repair, an inquiry is when a lender requests your credit history from one of the credit reporting agencies. An inquiry is made whenever a consumer applies for credit, whether it's a mortgage, auto loan, or credit card. Now, there are two types of inquiries. There's soft inquiries and hard inquiries. Soft inquiries typically happen when a person or company checks your credit as part of a background check. It might happen when a credit card company checks your credit to see if you qualify for their offer. Your employer might also run a soft inquiry before hiring you, or a landlord before renting you an apartment. The important thing to know is soft inquiries do not affect your credit score. But hard inquiries are made every time you apply for credit, and they do hurt your credit score. Here's the thing to remember. It's really common for people to get a bunch of hard inquiries over a short period of time, like when you're shopping for a car, which can make it appear like you're taking on a lot of debt, even if you aren't. Hard inquiries stay on credit reports for two years, but they only impact your credit scores for 12 months. So if you're looking at your credit report and you see that an inquiry is older than 12 months, then there's no need to worry about it at all because it has zero effect on your score. But the hard inquiries that are less than 12 months old, those can cause a massive hit to your overall credit score. One hard inquiry can lower your credit score by as much as 10 points, and those add up fast. And the credit bureau experian reported that nearly one third of all consumers had four or more hard inquiries on their credit report. And that's a whole lot of points off your credit score. Here's why this is important. Inquiries may not be as serious as bankruptcies or late payments, but they can be a bigger problem than people realize. The good news is that disputing and deleting them is pretty simple. And and I'm going to show you exactly how to do that right now. When disputing negative items on credit reports, the first step is to remove any and all conflicting personal information from your reports. So if there's a misspelled name, an old address, wrong date of birth, incorrect or outdated employment information, or anything else incorrect that's appearing in the personal information section of the report, you want to dispute that first, believe it or not, the personal information that you're disputing actually comes from the inquiries. See the people who are typing and submitting your credit applications. They often make clerical errors which cause many of these problems. So by removing incorrect and outdated personal information, you have a much better chance of deleting the inquiries that are tied to them. The next step is to challenge the inquiries themselves. Here's what you need to know. With patience and persistence and this step by step method, you can delete inquiries from your credit reports and then watch your credit score rise. Step 1 Identify the inquiries that you want to remove. Remember, soft inquiries don't impact your credit score at all, and hard inquiries only affect it for a short time. So you only need to dispute the hard inquiries that are less than 12 months old. Also, and this is very, very important, never ever dispute inquiries that are tied to open accounts or accounts that you recently applied for that you really want. If you do, you run the risk of them closing down that open account along with its credit history, and you don't want that to happen. Step 2 Send a round one dispute letter demanding that the inquiry be removed. Include in your round one dispute letter a list of the items being disputed, the reason for the dispute, and the instructions for the credit bureaus. Simple explanations usually work best, like I don't remember applying with this creditor if hard inquiries happen without your approval or your knowledge, or if the number of inquiries exceeds what you expected from a lender, or they can be removed easily. If you need a round one letter that's proven to work, plus four other letters that you got to have to be successful, I've got your back. To make this easy for you, I'm going to give you the five dispute letters that every credit hero needs, so get them free at creditrepaircloud.com dispute letter templates and the link will also be over there in the show notes so you can download letters for free right now. Step 3 When the credit bureaus respond, celebrate or keep disputing. If the bureaus accept your dispute, they'll remove the inquiry from your credit reports. If they don't accept it, Remember, this is about pressure and persistence. Sometimes you have to write them again and again and again. So send follow up letters, send warning letters, or file a complaint if necessary. Just keep applying the pressure until you get the results you need. Here's my final point. Don't let the short lifespan of hard inquiries fool you. They do hurt your credit score and removing them can raise your credit score up to 55 points. So remove inquiries for an easy win with a big impact. Fight for every point. And now for my favorite part of the episode. Every week I feature one of our credit heroes inside our credit Repair Cloud Facebook community so that you can see firsthand what real people are doing as they run and grow their business. And today's spotlight is on Yara Gutierrez. Yara posted our Facebook community saying this client has a long way to go, but two collections deleted after round one. Round two. Here we go. Wow, Yara, congratulations on those amazing results. Credit repair is all about persistence and celebrating the small wins. And I can't wait to see the lives you're going to change. And I'll end by saying if you still need a credit repair cloud account, check it out. It's the software that most credit repair businesses in America run on. Just sign up for a 30 day free trial at creditrepaircloud.com freetrial.

Hey everybody, it's Daniel again and real quick. I want to invite you to join what I believe is the best thing we have ever created inside the credit repair cloud community. And it is a free challenge that we call the Start Repairing Credit Challenge. If you want to repair your credit and increase your credit score and you want to learn how credit repair really works, or you dream of having a successful business of your own so you can change lives, make an impact and have financial freedom or maybe you're looking to add more revenue to your existing business. If that's your dream, you need to get into this challenge. We created this free challenge to help you to learn how to repair credit, help others, and maybe grow your very own credit repair business. A business that really helps people and changes lives. This free challenge will help you to understand the strategy, the tactics and all the things you need to be successful at Credit Repair. And the best part is, it's completely free. So I recommend you do it right now. Stop everything, pause this audio, go online and go to startrepairingcredit.com that's startrepairingcredit.com and join the next free challenge. And there's a challenge that's starting in just a few days. So go get started right now@startrepairingcredit.com.

If you find value in the things I share on this podcast, click below to subscribe and follow. Also, give me a five star review or share the show and help me to change more lives. If you'd like to read the show notes, they're posted on my blog. If you have a question or a comment, drop it down below because I read each and every one of them. I. I would love to hear from you and I'll respond as soon as I can. And if you'd like to improve your credit score and discover how to earn extra income repairing credit for others, check out our brand new Start Repairing Credit Challenge. Doors are closing soon and it's completely free, so sign up right now@startrepairingcredit.com so take care, Credit Hero, and keep changing lives.

Hey everybody, it's Daniel again, and really quick. I'd like to invite you to join what I believe is the best thing we have ever created inside the Credit Repair cloud community. And it is a challenge that we call the Credit Hero Challenge. If you're just planning out your business or you're just getting it started and you dream of having a successful business of your own so you can quit your 9 to 5 and fire your boss and have financial freedom or so you can add another revenue stream to your existing business. If that's your dream, you need to get into this challenge. We created this challenge to help you to create and launch your very own credit repair business to build a proper foundation for a really successful business. This challenge is going to help you to understand the strategy, the tactics and all the things you need to be successful at Credit Repair. It really is the greatest thing we have ever built and it will change your life. So I recommend you do it right now. Now stop everything, pause this audio, go online and go to creditherochallenge.com that's creditherochallenge.com and join the next challenge. And there's a challenge that's starting in just a few days. So go get started right now@creditherochallenge.com.