Part 2
Back to the main point: How To Achieve Triple A Credit.
Here you will learn two powerful and proven ways that will give you a sterling credit rating in the shortest possible time-25 Days. Apply the following two techniques and, guaranteed, you will give your credit a face lift that would have banks open their check book.
1. A Millionaire's Credit in 25 Days. Do you have a checking account and a savings account? Good. If you don't, no worries, these days, you can open an account online. It should take you no more than 5 minutes. Now comes the second phase.
Phase 2: Now you will need your savings account to use it as a collateral. Now using your savings, account ask your bank for a secured passbook loan.
You can borrow dollar for dollar with a passbook loan. This type of loan works well with as little as $300, but if you have $10,000-that's even better! Once you secure a loan with a passbook, you can not touch the funds until you have fully repaid the loan. Remember, you should be able to do without these funds for 30 days.
A bank secured with your passbook loan has no risk in lending you money, so any bank should be willing.
Note: It is extremely important that the bank reports your loans to the credit bureau. Therefore ask your bank: If they report your payment history to the three credit bureaus? It is critical part of this whole process.
After all, the whole purpose of doing this is to add credibility to your credit report with a very powerful and positive payment history.
Now once you borrow the money, wait 25 days and repay the loan back to your bank. Because you have fully repaid your loan, the bank will send your positive payment history to the credit bureau. That's a grand slam! Now you have the bank as your friend, and the credit bureaus can not help it but report your good payment history!
2. How To Use $500 to $1000 into a Millionaire's Credit. With $1,000 in your account, ask the loan officer for a 12 month a $1,000 passbook loan. Do not be discouraged, you can certainly achieve this with less money, but if you can afford to do it, don't hesitate! By the time you're done with this technique, it'll be all worth it. Just wait and see.
Since this is a secured passbook loan (meaning, it is secured by the amount of money available in your savings) most banks will not run a credit check. And if they tried to do so, explain it to them why they should not as it is secured by the money you already have in your savings account.
Which you won't be able to access until you payoff your loan anyway, so there is no justified reason to run a credit check. Now with the $1,000 secured passbook loan from your first bank, open a savings account at another bank with the $1,000 loan received from the first bank.
Request that they give you a $1,000 12-month loan and DO NOT MENTION the loan received from the first bank. Wait about a week or two, go to a third bank and repeat the process.
Establishing yourself as someone who can be trusted with money, and trusted to take loans from the bank, will improve your credit rating; allowing you to take loans from the bank when your really do indeed need a loan from the bank.
These loans are not necessary to you. You were doing this simply to achieve a better credit rating. When you have done that, you have succeeded, and it all took less than 25 days!