FICO Score or Fake Scores

FICO Score or Fake Scores

by | | Credit

FICO Scores or Fake scores Credit Bureaus also known as Credit Repositories or Credit Reporting Agencies report your credit information to those looking to provide services to you or those that you get services from. Equifax, Experian and TrunsUnion are the best known and most important of the credit reporting agencies. You want to find out your FICO SCORES from these 3 bureaus because they are the major players. We call them the Big 3. You want to make sure you find out your true FICO score you don’t want any of those other scoring models that may make you feel good but they are not what most lenders will be using to give you money for a signature loan, auto loan, or home loan. THE BIG 3 FICO SCORE TRICKS To be quite honest many of us on the education side call these Fake FICO scores or  FAKO’S. As crazy as it sounds some of these FAKO’S come from  Equifax, Experian and TransUnion. I don’t know if they are trying to  eliminate paying the Fair Isaac Corporation (FICO) for their algorithm which has been spitting out Beacon Scores (another way of saying FICO Scores) for them for years, but I do know they have some credit scoring models that are different from what the lenders are using and have been using over time.   Here are their different names for FAKO’S Advantage/Vantage Score Plus Score ScoreX FAKE FICO’S  HAVE THEIR PLACE You can usually get FAKO’S from subscribing to or getting a membership with a credit monitoring/protection program. These programs are great for monitoring if someone is tampering with...

Credit Repair or Wealth Preparation

by | | Business, Credit, Real Estate

Credit Repair is the one of the most important financial investments an individual can make says James Francis, President of Kingdom Financial Consulting. Mr. Francis says that credit and anything connected to better credit is a key financial investment over a person’s lifetime. Credit is your borrowing power. It is your ability to use other people’s money for your vision/wealth acqusiton and pay it back slowly. Your credit score will pay you sometimes a years salary or more in 1 signature loan depending on the transaction. What a deal! Your borrowing power is your wealth power. If you use credit properly it will allow you the opportunity to become wealthy in America if you’re trained properly. We like to do it through real estate, but there are other ways. Credit Repair is Wealth Opportunity Mr. Francis and Kingdom Financial Consulting teach that credit or your credit score is your #1 Lifetime Investor. Who else will invest a $185,000 – 275,000 to get you a house and then not gripe when you ask for $30,000 more to get a car. You’re credit. Not mom, not dad but you’re credit. How about this. If you treat your credit right. He won’t even say anything when you ask him to buy you another home that costs 3x’s as much or a car that is 4x’s as much. Now that’s a friend to the end! A friend worthy of being taken care of, an entourage friend if I say so myself. Why Do I Need a Credit Repair Professional? Individuals need credit repair professionals for the same reason they need a lawyer when...