The Credit-Building Game: The Simple Blueprint for Building Credit
Copyright © 2021 by Portia Perkins
All rights reserved. In accordance with the U.S. Copyright Act of 1976, the reproduction of any part of this book, including the scanning, uploading, or electronic sharing, without the permission of the publisher, constitutes unlawful piracy and theft of the author’s intellectual property. If you would like to use material from the book (other than for review purposes), prior written permission must be obtained by sending an email to bizpointofview@gmail.com. Reviewers may quote brief passages in reviews.
Book Published By: Biz Point of View LLC
Cover Design By: Portia Perkins
Neither the author nor publisher are held responsible for any results. Neither author nor publisher assumes responsibility for errors, omissions, or contrary interpretations of the subject matter herein. Any perceived disparagement of any company or organization mentioned in this work is a misinterpretation. Brand and product names mentioned are trademarks that belong solely to their respective owners.
Information provided in this book is for informational purposes only and not meant to be taken as legal or financial advice. Please direct questions regarding your specific financial situation to your financial advisor or attorney as needed. This book is based on U.S. relevant information as of 2021. Information in the financial sector is always liable to change or be updated after the publishing of this book.
Do the best you can until you know better. Then when you know better, do better.
– Maya Angelou
Introduction
THIS BOOK IS FOR YOU if you have poor or average credit, or even if you do not have any credit established at all and are looking for a clear path to great credit. If you have ever wondered what you could do to raise your credit score and creditworthiness, then this book is for you. It will also help those who simply want to learn more about the credit game so they can take full advantage of it and improve their financial situation, no matter what their credit rank currently is. I am going to give you a game plan on how to do just that. I will explain how to go from poor to excellent credit. This information is for you if you are ready to learn how to build credit the right way and put what you learn into action.
Maybe you have experienced hardship, such as personal bankruptcy, and wondering if there is anything you can do to speed up the credit recovery process. The answer to that question is, YES! You absolutely can repair your credit no matter what it has been through. After a bankruptcy has been discharged, and even before then, you can immediately begin to strategize your way to excellent credit. I will provide you with the rules of building and rebuilding credit, show you tactics that you can use to make these rules work for you, and most of all, emphasize that it is possible to do so. If you have poor credit or no credit at all, it does not make much difference in terms of when you can get started and how soon you can develop a great credit profile. The information outlined in this book can help you to build excellent credit regardless of your situation!
I have actually built
my credit twice now; once after not having much credit at all, except for negative items such as collections, and the second time after filing bankruptcy. The first time around, I was very naive to the power of credit and how it truly works. I accumulated collections from unpaid phone bills and even had a judgment from a prior eviction. I was lucky enough to meet someone who helped me to understand the credit game a little better as I prepared myself to acquire a rental property. I was successful in this endeavor and was able to purchase my first property. With the help of this same person, I took my credit from a score in the 500s to a 720 in a matter of months! I purchased my first rental property, carried on with my day-to-day life as usual, and thought everything was great. Little did I realize, not only was it important to get your credit profile in good standing, but it would be equally important to understand how to KEEP it that way. I, unfortunately at the time, did not have the right mindset and did not follow through with this. I was not thinking long-term and about how instrumental credit could be for me in the future. Long story short, I did not maintain my finances well thereafter, and as a result, was unable to maintain my good credit. Eventually, I filed for bankruptcy after my real estate investment failed and I lost most of my income. That is when I began my second journey of rebuilding my credit. This time, I took it far more seriously and vowed never to have to start from the bottom again. After committing to the process, I saw my credit profile improve once again.
Credit can be looked at as a game; if you follow the rules, then you win, and if you do not follow them, you lose. Once you learn the rules, you need to use them strategically to get the desired outcome. With credit, it is not necessarily about who is lucky and who is not. It is about who knows and plays by the rules. This book
