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Credit secrets 11 word phrase12/9/2023 ![]() ![]() However, by using the same techniques taught in Credit Secrets, I finally achieved my goal. Like many of you, I faced numerous obstacles while trying to improve my credit. Keep in mind, as this was before the credit secrets book waws written, I had to learn this stuff on my own!Īnyway, after applying the same techniques shared in the book to my own credit situation, I saw an increase of 160 points, from 550 to 710, in my credit score within a couple of months.Īs of today, in February 2023, it's sitting at 824 and has been above 800 now for 6+ years. About 10 years back or so, I was trying to buy a car, but my credit score was around 550, preventing me from getting a loan at a reasonable rate.Īfter trying to finance at the dealership with three different loan companies wanting between 8% and 15% for a $7,000 2007 Honda Civic, I had to do something.Īnyway, I started studying, reading various credit repair books, and even paid for some 1 on 1 time with an accountant. It is very difficult for many people to navigate the system.I was once in your shoes. Not only are the networks waiting until after the 3 months to make payment, but they also send a bunch of letters to your bank demanding that you pay them the full amount of your charge. You also have to report the charge to the credit card network.īut how does your credit card company handle this? It turns out that the way they handle it is to make you wait 3 months after you file a claim before they make a payment. So if your credit card is lost or stolen, you have to contact the credit card company and pay them the full amount of your charge. In a world governed by the Credit Card Bill Payment Agreement, the average American has no idea how much they’re actually spending each month. People who are not well-versed in finance have no idea just how much money can get you in trouble. You will have to pay the credit card company the entire amount of the charge.Ĭredit card fraud is the act of fraudulently using a credit card. The bill will not be paid unless you pay it. Then the credit card company will send you a bill for the amount of your charge. You also have to report the charge to the credit card network. If your credit card is lost or stolen, you have to contact the credit card company and pay them the full amount of your charge. ![]() But the most important thing to know is that if you use your credit card fraudulently, you can be held responsible for the full amount of the card charge for up to a year. Credit cards are just like any other type of credit, it comes with some terms and conditions. ![]() In fact, the amount of online credit card fraud is alarmingly high, and a lot of it is due to people who don’t know what they are doing. But how many people actually use their credit cards? I would say the answer is “no one. You can go anywhere and open up multiple accounts and use them all at the same time. You can use them to access any part of the internet, from your personal accounts to your credit cards to the IRS to your medical records. But don’t worry, you’ll probably still get your credit card and be able to use it in the future.īut credit cards are just a tool. This is a fact.Īlthough some people who don’t use their credit cards may get their credit card because they are going to need it, many people don’t need their credit card because they haven’t used it in a while. There are a lot of people who are going to die from a heart attack because they don’t use their credit card. I’ve heard people say that credit cards are like credit death sentences. There are a lot of people who are not even going to get their credit card because they never use it. A lot of them are never going to get their credit card because they never need to use it. I don’t know why people are so attached to their credit cards. A lot of people in this video are just busy with their credit cards. Some of them are busy with the money they earn or the things they buy. Some of them are just busy wasting time (like the people in this video). Too many people are just busy living their lives. The reason so many people don’t think about credit is because they don’t think they deserve it. There are two kinds of people in the world: busy people and busy people who aren’t the busy people who think credit is a must for the successful (and not so busy people who think credit isn’t necessary) and the busy people who do think about it. It’s true-if you’re a busy person, you’re probably not thinking about credit. ![]()
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