I had a talk with a former client that I thought I would talk about today. (I'm technically on "holidays" for the month of June, however, this is a good story.
THIS CLIENT HAD THE WORLD'S WORST CREDIT
When I started my credit repair service I had a client that had totally bad R9 credit. It was so bad that this client moved a few times and was missing in action as far as the creditors were concerned.
He had collections, judgments, R9's, write off's etc. He had bad credit. There wasn't much I could do for him except dispute a few items that were actually incorrect. I also got him in touch with the creditors again, which started a bit of the "collection process".
His debts were already a few years old when I first talked to him. This means that he had been hiding from creditors for at least 3 years.
I got a call from him yesterday. This would be 3 or so years after I worked on his credit. It was enough time for 6 full years to transpire and wipe off ALL of the bad credit items from his credit report.
He told me that he applied for an auto loan for a new truck. As soon as the word Equifax came up with the car dealership, he thought he was in big trouble. It turns out that all of his credit now is R1's . He's now got perfect credit!!
He purchased a $40,000 Ford truck on credit and was completely amazed that his credit was finally on an upswing.
6 YEARS MAKES ALL THE DIFFERENCE..
I think this is a good story as it illustrates that even if you have really bad credit now... you can turn things around and have perfect credit. It may take 6 years, but that's okay!
The thing that impressed me with this client was the lengthes he went through to hide from his previous creditors. He was so afraid of them and what they would do to him if they found him. I'm not sure why he was so scared, however, it was enough that he actually hid from them.
WHY 6 YEARS?
6 years is like a credit cycle period to creditors. They feel that if things happened 6 years ago, they're probably not relevant to your current situation.
This is the case with my client. 6 years ago, this fellow was unemployed, getting social assistance and doing some small jobs on the side for cash. This is how he existed for years.
Now he's working more than full time and is making really good money.
He treats his credit with respect so as to not get into the same situation as before.
Sometimes it literally takes years for us to learn these credit lessons.
I'm glad that this former client called me and told me about his new truck purchase. It was a shining example for people who currently have bad credit, and the way it can be.
THIS CLIENT HAD THE WORLD'S WORST CREDIT
When I started my credit repair service I had a client that had totally bad R9 credit. It was so bad that this client moved a few times and was missing in action as far as the creditors were concerned.
He had collections, judgments, R9's, write off's etc. He had bad credit. There wasn't much I could do for him except dispute a few items that were actually incorrect. I also got him in touch with the creditors again, which started a bit of the "collection process".
His debts were already a few years old when I first talked to him. This means that he had been hiding from creditors for at least 3 years.
I got a call from him yesterday. This would be 3 or so years after I worked on his credit. It was enough time for 6 full years to transpire and wipe off ALL of the bad credit items from his credit report.
He told me that he applied for an auto loan for a new truck. As soon as the word Equifax came up with the car dealership, he thought he was in big trouble. It turns out that all of his credit now is R1's . He's now got perfect credit!!
He purchased a $40,000 Ford truck on credit and was completely amazed that his credit was finally on an upswing.
6 YEARS MAKES ALL THE DIFFERENCE..
I think this is a good story as it illustrates that even if you have really bad credit now... you can turn things around and have perfect credit. It may take 6 years, but that's okay!
The thing that impressed me with this client was the lengthes he went through to hide from his previous creditors. He was so afraid of them and what they would do to him if they found him. I'm not sure why he was so scared, however, it was enough that he actually hid from them.
WHY 6 YEARS?
6 years is like a credit cycle period to creditors. They feel that if things happened 6 years ago, they're probably not relevant to your current situation.
This is the case with my client. 6 years ago, this fellow was unemployed, getting social assistance and doing some small jobs on the side for cash. This is how he existed for years.
Now he's working more than full time and is making really good money.
He treats his credit with respect so as to not get into the same situation as before.
Sometimes it literally takes years for us to learn these credit lessons.
I'm glad that this former client called me and told me about his new truck purchase. It was a shining example for people who currently have bad credit, and the way it can be.
