(7) Lines of Credit builds a Prime Rate Score

Build (7) Lines of Credit for Prime Rate Score

I'm ask all the time on what builds a Good Credit Score. The answer is simple but the action can be a little challenging. To get scores in the Prime Rate which consist of a 680 or Higher but preferable a score of 720 is the Prime Rate which gives you lower interest Rates, qualify for lower down payments and the like.

In order to build a Prime Rate Score the following must be accomplished.

• Must have 7 lines of Credit
  • Mortgage or 2nd Mortgage or HELOC
  • Automobile Loan or Motorcycle Loan
  • Minimum 4 Credit Cards with Revolving Credit
    • The Credit Cards must have at Least 50% of available Cash
    • Recommend to pay card off every Month
    • Recommend to use card for daily expenses but keep all cards low to pay off monthly
• Must not be Late on Any Line of Credit
  • If Payment is 30 days late or More, this Line of credit is not Usable: Need to establish New Line of Credit
  • Must pay off all Debts with Vendor
  • Recommend to contact Vendor for Best Rates
  • Get No Credit Cards with Yearly Fees or Monthly Fees
• Must have at Least 50 % available on the Line of Credit
  • Account must be below 50 % but recommend 25% or less:
  • It Takes 6 Months to Recover from over the Limit Fees:
  • Credit Cards will change the date of payment so pay account within 15 to 20 days...

It doesn't matter what the Rate is: for example: Rate is 39% which is excessive but does not matter because you pay off the entire balance in 15 to 20 days. However, if you are carrying a 25% or 50% balance, it does matter.

If you are ready to make changes in your Credit Score, you have work to do. Don't put this off, your Family's money is at stake and you need to make this a priority in your life..

You need some help, contact us...

[cbacchus]

This is some powerful infomation Wallstreet!

[RBriggs]

I think that these are great suggestions for managing your credit line! If you are not sure about your credit status and would like to get started improving your credit. It is my suggestion that you contact www.myfico.com! This web site is sponsored by the organization established by the federal Government as a watch dog for the three major credit reporting agencies!
Trans Union, Equifax, and Experian.

It offers an explanation of how creditors view credit and a simulator to show you what you need specifically to get your FICO score moving in the right direction. FICO was establish by HUD the real name of the company is The Fair Issiac Company. They are responsible for creating the FICO score for determining lending to customer so they are considered the authority on this subject!

My name is Randall Briggs, I am a credit counselor and I'm learning to become a Professional trader using Darry Perkinson's trader secrets!
Thank you for your time and good luck!


Randall Briggs
Credit Counselor
Professional trader
404-438-3565