Solidus Financials Inc

11/28/2022

02/23/2022

Solidus Financials Inc.
Financial Consulting and Professional Training

Published by Larry Little February 22, 2022

Basic Credit Series WHAT IS CREDIT?
“Credit is: Confidence in a purchaser’s ability and intention to pay, and entrusting the buyer with goods or services without immediate payment.”

Essentially you get a loan. When you apply for and get credit, you are entered into a data base, which records, and reports your payment habits, or behaviors if you will.

Businesses use this information to determine your level of risk to receive future loans. What’s reported is your payments of bills, late, or missed payments, any loans, or loan payoffs, and the amount of your total debt, anything pertaining to your financial obligations of payments.

Along with your payment information, your personal information is collected, which includes: Work, your address(es), how bills are paid, public records, if you’ve been sued, bankruptcies.

The agencies that collect this data are called Credit Bureaus. The bureaus sell this information to: Creditors, employers, insurers and even you as a credit report or credit scores.

In recent years controversies have arisen as to the accuracy and or fairness of the reporting habits or methods of both creditors and the credit bureaus.

Therefore, it is your responsibility to maintain a vigilant eye on your credit score as frequently as possible. You should understand some of the basic elements of credit reporting, and how these reports affect your life, because they do affect you in a very important way. You want to know how to avoid the pitfalls and stay out of debt trouble.

WHY IS CREDIT IMPORTANT?
Your reputation is closely associated to your credit; it is the first thing banks or any other creditor will ask about you. The credit building process can be long and arduous especially if it’s been damaged by neglect or errors.

Receiving a personal or business loan will be directly related to your credit scores. Homeowner’s or auto insurance will base your rate of payment or amount of interest on your credit scores. If a job application is financially related; you can believe that the employer will look at your credit score.

In essence the difference in a low (300) or a high (850) credit score is the difference in having low-to-no buying power or having sufficient-to-exceptional buying power through your credit.

Remember, your financial decisions today will be the judgment of your financial future.

Soliduscredit.com / [email protected] / 401.314.2185

02/22/2022

Solidus Financials Inc.
Financial Consulting and Professional Training

If you've ever been in the same type of dire financial straits that I have, then you know how difficult it can be to get approved for any kind of credit; Credit cards, personal loans, car loans, mortgages; you name it it's not that easy.

That's why I got into the credit repair business. I was tired of being rejected all of the time; the deep dreaded feeling of nothingness that I always suffered after being turned down eventually lead to not wanting to or being afraid to ask for credit at all. Yet, I still longed to have some of the things that I didn't have cash on hand for, knowing that I could pay it off if I could just be approved.

I finally realized that the only way to be approved was to boost my credit scores up so I would never be disapproved again.

It wasn't easy and it didn't happen overnight, in fact, it was often very frustrating battling with the credit bureaus and creditors, especially over inaccurate or outright wrong items. They would deny that any error exists or want you to believe there's nothing that can be done about it for at least 7 years.

The piles of books and information that I read and studied said differently, and I learned how to apply consumer credit protection laws to my disputing strategies and, well, here I am today. I developed a new passion during the period of learning how to fix my credit. I enjoyed it to a point of pure delight in overturning every negative or wrong item on my credit reports, and watching my scores make dramatic changes.

I took joy and pleasure in helping my friends and family members fix their credit too. The suffering pains of dreaded nothingness were now the complete opposite. I personally celebrated the outcome of each person that I helped as if it were my own scores going up again. I loved it; then someone suggested that I could get paid for doing what I was doing.

I looked into credit repair businesses and that's how I found out about a cred repair software company that was teaching people how to incorporate their software into their business, and how much success they were having with this innovatively powerful software.

I joined the company and got my certifications with their software and discovered just how innovative it really is. I learned by books and letters, and pen, and paper methods of fixing my credit. This new software did all of the things it took me hours to do in just minutes.

Now I get to celebrate more successful turnaround credit scores, and much easier.

Call me, DM me, or visit my website if you would like to learn more or get started today fixing your credit.
Soliduscredit.com / [email protected] / 401.314.2185