Nova Wave Credit

09/27/2021

How your credit score is calculated?

Payment history (35%)
The first thing any lender wants to know is whether you've paid past credit accounts on time. This helps a lender figure out the amount of risk it will take on when extending credit. This is the most important factor in a FICO Score.

Amounts owed (30%)
Having credit accounts and owing money on them does not necessarily mean you are a high-risk borrower with a low FICO Score. However, if you are using a lot of your available credit, this may indicate that you are overextended—and banks can interpret this to mean that you are at a higher risk of defaulting.

Length of credit history (15%)
In general, having a longer credit history is positive for your FICO Scores, but is not required for a good credit score.
Your FICO Scores take into account:
-How long your credit accounts have been established, including the age of your oldest account, the age of your newest account and an average age of all your accounts.
-How long specific credit accounts have been established.
-How long it has been since you used certain accounts

Credit mix (10%)
FICO Scores will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. Don't worry, it's not necessary to have one of each.

New credit (10%)
Research shows that opening several credit accounts in a short amount of time represents a greater risk—especially for people who don't have a long credit history.
⁣⁣⁣⁣⁣

09/27/2021

These requirements will position you for funding then the next steps:

1)Set up LLC
2)Obtain EIN
3)Get Duns #
4)Build business credit, get business checking account, business loans and lines of credit
5)Invest into passive income opportunities
6)Leverage your credit to travel the world for free
7)Network with other successful people in other industries to increase your Networth

Generate wealth from applying this knowledge today!
⁣⁣⁣⁣⁣

09/27/2021

09/26/2021

These requirements will position you for funding then the next steps:

1)Set up LLC
2)Obtain EIN
3)Get Duns #
4)Build business credit, get business checking account, business loans and lines of credit
5)Invest into passive income opportunities
6)Leverage your credit to travel the world for free
7)Network with other successful people in other industries to increase your Networth

Generate wealth from applying this knowledge today!
⁣⁣⁣⁣⁣

09/26/2021

Fix Your Credit to obtain Financial Freedom

-You get approved for a $20,00 business credit credit card.

-You then use the full $20,000 to purchase four vehicles and put down only 5K for each through your business.

-You rent each car out and make $5000 profit for each vehicle a month. You then pay off the $20,000 balance on the business credit card.

-You then buy another four cars and repeat the process.

-You are still generating 20K a month from the four cars which then turns into 40k a month, and then 60k a month!

-Then you can now buy an exotic car to rent out and triple your profits.

-Then you can take profits from the car rentals to put as a down payment on investment properties.

-Let's say your down payment is $30,000 on the investment property but once you fix & flip it, you make $150,000.

-Then you can take that $150,000 profit and buy 4 rental properties and then 1 more property to flip.

-Now you're generating income every month from renting out cars, rental properties and flipping homes.

-And it all started with one business credit card at 20k!! Not personal credit cards which would have lowered your credit score because you carried high balances on credit cards and multiple car notes.

09/26/2021

Your credit score can be 700+ but banks wouldn't care because they care about what's inside your credit report!

Over 21+ years of average credit age

100% Payment History

0% Credit Utilization

21+ Total Accounts

0 Derogatory Marks

0 Hard Inquiries

Start positioning yourself in favor of the banks today!
⁣⁣⁣⁣⁣

09/26/2021

Imagine obtaining $50K - $200K in business funding at 0% interest and getting a Walmart or Amazon Automation Store that nets you 10-15% profit margins. Congratulations you just used someone else money to make money.
⁣⁣⁣⁣⁣

09/26/2021

From obtaining elite status to manufacture spendings. These are just a few ways to travel for FREE from 1st class upgrades, hotel upgrades or even renting a Toyota Prius to a Jeep Wrangler for the same price at no extra cost. The credit game is full of excitement and adventure with the perks we maximize on our daily travels around the world.
⁣⁣⁣⁣⁣