Is your current credit score impacting your business?Are you getting the best financing terms for your fix & flip/hold and ground-up construction projects?Increase your bottom line (by reducing your cost of capital) with a higher credit score!On this episode of the Optimized Real Estate Podcast, my quest Sandra Ruiz of Fix Your Credit Consulting shares some of her top strategies for quickly and easily increasing your credit score, including…Don't close accountsNew accounts take a couple/few months to make an impactUse each card every couple months - don't go 6 months with no useUse max of 30% of available creditNo Amex cards - they don't show credit limitRequest balance increases oftenSend deletion letters - inquiries from creditors you don't use can be removed (inquiries stay on credit for 2yrs)Be added to friends/family CC's to boost credit (as long as they pay their bills and don't use over 30% of available credit!)Use Rapid Rescore with your lendersAdd rental payments to credit bureausAdd your kids (starting in High School) to your CC's to establish/increase their credit scoreDon't ever co-sign on a loan (unless you have to)Considering a Bankruptcy - look at other options, negotiate, reduce payoffs, pay plans… otherwise in credit jail for 10yrsInquiries stay on for 2yrs and cost 2-4pts in score eachSoft pulls are OK - no impact to credit scoreUse a secured credit card to develop new creditReach out to Sandra for a Free Consultation (she only takes on clients if she can deliver results!)…Sandra [email protected] www.fixyourcreditconsulting.comSee Results in as little as 30-90 daysMost clients work with Sandra/FYCC for ~6 months

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