What’s is Your wallet (credit check)
We all should be at 750- 800+ Subject: Unlocking Business Growth: Fix Your Credit and Master Credit Card Stacking Strategies Hey Community, Hope this email finds you fired up about scaling your business! Today, I want to dive into two powerful tools for securing the funding you need: repairing your credit and strategically stacking credit cards. Whether you're building personal credit or leveraging business lines, these steps can help maximize your access to capital—without the headaches of traditional loans. Remember, this is general advice; always consult a financial advisor or credit expert to tailor it to your situation. Let's break it down. ### Step 1: Fixing Your Credit – The Foundation for Funding A strong credit score (aim for 700+ on FICO) opens doors to better rates, higher limits, and more approvals. If yours needs work, here's a high-level roadmap: - **Check Your Credit Reports**: Pull free reports annually from AnnualCreditReport.com (from Equifax, Experian, and TransUnion). Look for errors like incorrect personal info, outdated accounts, or fraudulent activity. Dispute inaccuracies online or via mail—about 1 in 5 reports have errors that can drag your score down. - **Pay Down Debt Strategically**: Focus on high-interest debts first. Aim to keep credit utilization under 30% (that's the amount you owe divided by your total credit limit). For example, if you have $10,000 in limits, don't carry more than $3,000 in balances. - **Build Positive History**: Make all payments on time (set up autopay to avoid slips). If you're new to credit, start with a secured card (deposit equals your limit) or become an authorized user on a trusted family member's card with good history. - **Address Collections and Negatives**: Negotiate settlements on old debts or use goodwill letters to ask creditors to remove late payments if you have a good track record otherwise. Avoid new hard inquiries by not applying for credit impulsively.