Whats good Wealthbuilderz
its yah boy DeVaughn
Back again with another video
Today we are talking about
How To Become Credit Strong
And Fix Your Credit For $15
Before get started lets talk stats.
Total revolving consumer credit debt reached $1.057 trillion in March of 2019.
Credit card debt hit $810 billion in quarter one of 2018.
The average credit card balance was $6,194 in 2019.
The average VantageScore was 680 in 2018.
The average FICO score was 706 in 2019.
15% of families report spending more money than they receive each month.
Of the American families that spend more than they receive each month,
43% borrow and use credit cards to finance the shortfall.
57% of Americans use credit cards for convenience and do not carry over a balance.
So if you think about your credit is everything
To get a car you need credit
To get a job you need credit
To get a house you need credit
To get utilities in your house you need credit
To get your life right in general
you need credit
With all that being said
you have no reason not to be credit strong.
Credit Strong is a actual company that will help you
build a FICO score and Savings
at the same time
Open an Account in Minutes
Pay a one-time administration fee beginning at $8.95.
Austin Capital Bank instantly gives you a
loan and places the loan funds in a FDIC insured savings account in your name.
The savings account
funds are locked to secure the loan.
Make On-Time Payments
Your monthly payments get reported to all 3 major credit bureaus.
The principal is credited
towards the lock on your savings – the interest is what we earn for providing the service.
Track Your Progress
We provide a free FICO® Score
monthly so you can track your progress.
Unlock Your Savings
When your loan is repaid in full, the lock is removed from your savings account.
You’ve built both
credit and savings.
Amount of Debt
Account sizes from $1,000 to $18,000 allow consumers to add an impactful tradeline to
their credit profile, without negatively impacting utilization.
Payment History
Monthly payments starting as low as $15/month make establishing a responsible
payment history affordable for almost anyone.
Length of Credit History
With account lengths from 12 months up to 120 months consumers can increase their
average length of credit history.
Credit Mix
A Credit Strong account adds an installment account to a consumers credit profile,
complimenting any credit card revolving accounts they may alre
ady have.
Credit Strong can impact 90% of a consumer’s FICO Score
Benefits of a Credit Strong account:
Build Credit & A Down Payment
Build credit – installment loan and payment history reported to all three major credit bureaus
Build savings while you build credit – build up to $1,000 in savings in as little as 12 months
Low Pricing
Low monthly payments – build credit for less than the cost of TV streaming
No upfront security deposit required – start for as little as $8.95
No commitment – cancel at any time for any reason with no prepayment penalty and no early withdrawal fee
Inclusive
No credit check – it will not hurt your credit to apply (no hard or soft credit inquiry)
No credit score required – bad credit or no credit? No problem.
No ChexSystems inquiry – had a couple bumps in your banking past? No worries.
Perks
Free monthly FICO® Score – track your progress every month
Accessible online 24/7 – apply and be approved in just minutes, log into your account 24/7
No middlemen – Credit Strong is a division of a 5-star rated bank, Austin Capital Bank. Member FDIC.
No cap to your savings – continue growing your savings after the loan matures
Who is eligible for a Credit Strong
account?
Credit Strong can help anyone who wants to build, rebuild, or establish their credit history.
To apply you must have the following:
You must be at least 18 years old and a permanent U.S. resident with a physical U.S. residence (address)
A valid social security number (SSN) or individual taxpayer identification number (ITIN)
A checking account, debit card, or prepaid card in good standing
A mobile phone number (or Google Voice account if no mobile phone)
An email address
Note: Foreign nationals with an ITIN may apply for a Credit Strong account
Products and Pricing
8 different account choices
ALL report as a secured installment loan
ALL grow savings each month as they build credit
ALL can be cancelled at any time at no cost
ALL come with a FREE FICO 8 Score
The choice depends on the customer’s budget and credit goals!
So yeah as you can see this is a awesome way to build your credit
and savings goals
Your credit can seperate you from struggle to success
if used the right way.
If your serious about building your credit score
check out the link below
and get started on your journey to become
credit strong today for just $15
Comments are closed