Your Credit Score's Invisible Enemies: What They're Not Telling You!

Hey credit heroes, do you know exactly who has your personal data? I recently made a TikTok video sharing about hidden credit bureaus or places you might not know. Your info is being reported and a ton of people watched and I got so many questions about how to use a credit freeze to control your personal info. That's why today I'm sharing everything you need to know about freezing your credit to protect yourself. So. So you better stick around.

So the big question is, 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. During that time, I've also heard a lot of misconceptions and realized that there's a lot that most people don't know about their credit score. Like, you might not know that there are credit agencies who are sharing your Info beyond the big three, beyond Equifax, Experian, and TransUnion. But there are. There's Innovis, PRBC, SageStream, and Ars. They are all consumer reporting agencies that gather, maintain and distribute your credit information. And people were shocked to learn that in the video that I shared. Now, you can opt out of some of these hidden credit bureaus by visiting their website or contacting them by phone or email. You can also freeze your information by but this might not have the impact that you expect. I hear a lot of rumors that you can use a credit freeze as a sneaky way to trick the credit bureaus. Now, the story is that if you have something nasty coming up like a bankruptcy, you can freeze your credit with the company that supplies the public record. And then because it's frozen, the bureaus can't verify it. But if it sounds too good to be true, it usually is fake. And this rumor is fake. So you got to know exactly when to leverage a credit freeze and when it's not going to help you at all. Here's the thing to remember. A credit freeze is a powerful tool that you can use to protect yourself from identity theft and credit fraud. It temporarily stops access to your credit report, which means that most lenders and service providers won't be able to see your credit report. You won't be able to apply for new credit or get New accounts, but that's a really good thing. If your identity has been stolen again, a credit freeze will stop a thief from being able to take out any more credit in your name, but it only stops the lenders from accessing your credit reports. It won't stop a dispute, process or wipe anything from your record. A credit freeze actually doesn't affect your credit score at all. And I'm sorry to break it to you, but it's not going to help with credit repair at all either. Here's why this is important. Identity theft sucks. It creates a really big mess and it can be really, really scary. In 2017, hackers breached Equifax and made off with a personal data of 147 million people. And I was one of those people. After the breach, I had my identity stolen a whole bunch of times. I kept getting notices about new accounts being opened under my name and I didn't recognize any of them. I was able to close all the fake accounts, but it took a while and it was a big hassle. Have you ever had your identity stolen? It's actually really, really common. In fact, in 2021, over 42 million Americans were the victim of identity theft. And if you're working hard to repair your credit, bogus accounts are only going to make it harder to reach your goals. Here's what you need to know. Credit freezes are a powerful tool when applied to the right situation, like if your identity has been stolen or you think it might happen because of a data breach or a stolen purse or sketchy online activity. To start, you gotta understand the options available. A credit freeze acts as a full block on your credit reports, preventing companies from accessing them. It's free, but it has to be placed with each bureau separately, and you do this on their website. A credit lock offers a similar level of protection, but is generally a paid service that often includes perks like immediate activation. And a fraud alert flags your credit report to prompt lenders to perform additional verification steps. Once you've decided that a credit freeze is right for you, it's a fairly straightforward process across the major credit bureaus and the other entities like those four hidden bureaus that I mentioned earlier. Just remember that while a freeze is an important protective measure, it won't impact your credit score. There are some differences between the processes that each bureau uses, but Here are the four steps that you always need to follow. 1. Go to the credit bureau website for each of the bureaus that you want to freeze your credit with, and then go to their freeze page 2. Provide your personal information you want to give them. Your basic information usually includes your name, Social Security number and your date of birth to verify that you are you. 3. Create a pin number. This is used later to unfreeze your credit report. And four Confirm the freeze. The bureau will confirm the freeze with you within one business day. And it's very easy. It just takes five minutes and then you have peace of mind. I keep my credit frozen all the time and remember to be proactive in checking your credit report and managing your credit information. Check out our integrated credit Monitoring within Credit Repair Cloud to know immediately when accounts are being added in your name. And we make it super easy to import credit reports and tag errors and send disputes. And here's my final point. The battle to stay informed and on top of your credit is constant. Knowing how to use a credit freeze to protect your credit score and knowing when it won't help, both are critical to your financial health. 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 Tristan Martini. Tristan shared in our Facebook community, finishing the month with 80 plus new clients and looking to double that next month. Wow, 80 new clients is amazing. Congratulations Tristan. I'm rooting for you to hit your goal of doubling that next month 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 and if you'd like to change lives and grow your very own credit repair business, check out our Credit Hero Challenge. It's a live experience that that has helped tons of credit heroes to get certified in disputing and gain confidence as they run their credit repair business on a solid foundation so they can change a whole lot of lives and make a great living in the process. We're starting the next challenge very soon so you want to join before the doors close or you're going to have a long wait until the next one. So sign up right now@creditherochallenge.com if you find value in the things that 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 would love to hear from you and I'll respond as soon as I can. And if you want to learn how to raise your credit score, check out my video on how to build credit scores without more debt. 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 End the 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. 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.