(Newswire.net — March 18, 2014) Austin, TX — In the first segment of the two part video series Mike Dillard and Robert Hirsch talk with a credit expert about recovering from a poor credit rating and the opportunities a higher credit score presents. Many people don’t understand how to improve their credit scores and this video series educates viewers on how to do just that. Additionally, there are a lot of misconceptions about how credit score is affected both negatively and positively. For instance, people are often under the assumption that as a result of a bankruptcy they will have a damaged credit report for the next seven to ten years.
The credit expert that The Elevation Group talks with makes it absolutely clear that it does not matter if an individual has had a bankruptcy, a short sale, and fifty late payments. Anyone who starts rebuilding credit properly now can achieve an improved credit score in about twenty minutes each week. By establishing new credit people are able to rebuild around a bad credit score and this will help reestablish credit within twelve to twenty-four months. By failing to restore good credit an individual is costing themselves opportunities and is actually costing them more money.
In the informational video series Robert Hirsch and the credit expert converse about the opportunities someone with a lower credit score is not able to take advantage of. Hirsch’s statement “There is not a single process that makes you feel less worthy than applying for credit” resonates with many entrepreneurs and individuals. He explains this by referring to what Mike Dillard, The Elevation Group, and himself call the “bullet-fund”, which is having money, or the ability to borrow money, to take advantage of an upcoming opportunity. This means that when people are faced with similar opportunities they are divided into two groups – those that can take advantage of them and those who cannot. People with higher credit who know how to play the credit game are able to borrow money to take advantage of opportunities presented while those with lower credit scores are unable to embrace this occasion.
Furthermore, the videos’ credit expert verifies this information and shares additional evidence to demonstrate. For instance he warns that by not repairing a damaged credit score, people are faced with higher interest rates on loans (car and home loans are just two examples). Insurance will also cost more in most states, and it could affect employment. According to Inc.com sixty-one percent of employers are running credit scores before hiring prospective employees. Improving a credit score is one of the more important things a person can do, and learning how to understand it is the first step in the right direction.
To learn more about understanding credit and to be notified when the second part of this segment becomes available, sign up for The Elevations Group’s informative webinar at http://theelevationgroup.com/webinar/register.php
The videos from this part of the series can be watched here:
https://www.youtube.com/watch?v=az7Hs1WP83c – How to Transform Your Credit in 20 Minutes a Week
https://www.youtube.com/watch?v=lNSDzgwYq-g– Why You Must Play and Win the Credit Score Game
About: The Elevation Group was founded by two successful entrepreneurs, Mike Dillard and Robert Hirsch, who watched their friends and family members experience pain, fear, and loss during the financial crisis of 2008, while noticing that the rich grew even richer during the same period. Since then, The Elevation Group is the fastest growing financial education company on the planet, teaching people new ways to think about wealth. They have taught more than 50,000 members since 2010.