The Creative Investor - Making a Real Estate Investors Credit Even Better

The first thing in getting started with any type of real estate investing is to find out whether you can invest or not. Do you have a lot of credit card payments. Can you pay them off? It doesn't make much sense to try to invest to get 11% on your return when you are making credit card payments that are 18%. Also one necessary bit of information is to get your credit checked. You can get copies by calling these three major credit companies. The information that is on your report is not always correct, so it is important to dispute the errors that are on it. At one point, one credit reporting agency had me living at 18 different places!

My Dispute All Technique for 10+ accounts

Here is one Creative Investor trick is when you have 10 or more creditor accounts in your name. If you don't have 10 or more accounts, this won't work because you need a credit history. Having 10 or more accounts, you need to make your good credit report better.
NOTEDon't lie about your default accounts if you really haven't paid them. You have the option of disputing every single account on your report. The law states that the creditor company has to get back to the reporting agency within 30 days. If they do not, then that account dissapears from your credit report. I have had multiple accounts deleted from my report using this technique. This is not to say that I had bad credit but I used this technique to get the most current information from my creditors (I dispute loan balance). So when I go apply for a loan, they have the latest most up to date information about my credit not six months old info.

Remember, your credit rating or beacon score goes down every time you get a credit check from a company. Personal credit checks, however, show up on your report but don't count against you.

What other items don't count against you?

Besides credit report requests that you make, if you have outstanding medical bill(s) on your report, generally that won't count against you.

Equifax 1-800-685-1111
Experian (formerly TRW) 1-888-397-3742
Trans Union 1-800-888-4213

Then, also get your name off their solicitation list that they share with credit card companies. Since your credit rating or beacon score goes down every time you get a credit check, it is very necessary to get of the promotional lists. OPT OUT PROMOTION LINE 1-888-567-8688 Lets keep all the credit checks under our control. If you have money to invest then invest in yourself getting out of debt.