AMT Capital

Credit is a topic that has been debated by economists, policymakers, and financial experts for years. Some believe that credit is a necessary evil, while others argue that it is a tool used by the wealthy to exploit the poor. Regardless of where you stand on this issue, there is no denying that credit has a significant impact on our lives.

Credit can be a double-edged sword, providing access to essential goods and services that we might not be able to afford otherwise, while also leading to financial ruin if not used wisely. It is important to understand the risks and benefits of credit and to use it responsibly.

For many businesses, credit is essential for growth and innovation. It enables them to invest in new projects, expand their operations, and create jobs. Similarly, credit can be an investment in oneself, allowing individuals to pursue education and skills that can lead to higher incomes and a better standard of living.

However, for some, credit can become a burden that is difficult to escape. Critics argue that lenders use credit to control people's lives and force them to work long hours to pay off their debts. Some even go so far as to claim that credit is a form of slavery.

Regardless of where you stand on this issue, it is essential to approach credit with a clear understanding of its risks and benefits. Make sure you borrow only what you can afford to repay and always read the fine print before signing any agreements. Remember that credit can be a valuable tool, but only if used wisely.

Closing out month 6 of 2023. What goals have you accomplished thus far and what goals are still outstanding that you hope to accomplish this year?

Taking Over for the 9 9 and the 2000s!

What could you do with a 791 FICO score?! Let us help you conquer the credit game so you can be able to buy what you want or leverage it to build passive income.

Click the link in my bio to schedule a consultation call or DM "win" right now.

5 Sneaky Ways You Can Hurt Your Credit Score

(1)Paying Less than the Minimum

It’s never a good idea to pay less than the minimum. If you’re paying less than the minimum, you shouldn’t even have a revolving credit account. Paying less than the minimum does two things. It accumulates interest and it sets off a red flag to the bank that you’re not a good steward of your money and that you’re unlikely to pay back the money that you borrowed.

(2)Holding Payment During a Dispute

Even if you believe the creditor or the company in which you have a credit card or bank account is in the wrong, don’t take it upon yourself to take matters into your own hands by withholding funds. Withholding funds can get you in a lot of trouble to the extent that you start to incur late payments on your account. If you don’t know already, late payments can cause your FICO score to drop 60-100 points and even more as those late payments go from 30 to 60 to 90 days late. Remember payment history is the most important aspect of your FICO score.

(3)Closing A Card with A High Credit Limit

The cons to doing this are twofold. Not only do you lose the age of the account when you close a credit card but you effectively raise your credit utilization when it’s a credit card with a high limit. After all, that’s why we go get higher limits, to have more access to capital and lower our utilization.

(4)Adding an Authorized User That Overspends

Many people think being added as an authorized user is the cheat code to higher FICO scores. Even though it has its perks after your report is structured properly, what happens when you’re added as an authorized user to an individual who is irresponsible with their credit cards. Well, it’s like dominoes. Expect your credit report to be adversely affected because of their overspending, effectively raising your utilization, and dropping your score.

(5)Overusing A Balance Transfer Card

The whole objective of getting a balance transfer card is to help yourself out and lower or hide your utilization. Don’t go and get a balance transfer card without a plan to keep your spending low. Stay within or below your means.

Myths About Credit Repair - Myth #3

You and your significant other share a credit score.

Well, there’s a reason they call it a significant other. “Sign if I cant”. Often times one partner has better credit than the other which is why couples co-sign for each other. I’m not here to pass judgment but that’s never a great idea unless you absolutely know for a fact that that person is going to fulfill their financial obligations.

You can combine funds in a joint account but you cannot join credit reports or FICO scores. People tend to get credit cards together or you might have even heard of the authorized user where you can utilize the credit history of someone you know to help boost your own personal file. There are pros and cons to this as well. Only elect to be an authorized user under someone who has perfect payment history, no derogatory accounts, and low utilization. Otherwise, you inherit the negative accounts on your file.

If you want to learn more, comment or DM “credit” for a discount code to get access to my ebook “The Credit Championship Playbook” which is an ultimate DIY guide that teaches you everything you need to know to restore, build, and leverage credit like an expert.

Can your credit score affect your ability to rent?

This is absolutely true. Partially because the secondary data furnishers house your information specific to past rental history ie evictions and collections and partially due to the fact that property managers screen their tenants to know if you’re going to be a headache for their business. After all, it’s all about business.

Property managers are going to view you just like a lender. If you have a low credit score they are going to view you as high risk and may not want to approve you for an apartment at their property. This is especially true if it’s a higher-end property.

If you’re in a situation where your credit is affecting your ability to get funding, finance the car you want, or apply for a mortgage reach out to us ASAP via DM or the link in my bio to schedule a consultation so we can get your credit restored and finances in order. Why wait when you can change your situation today.

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More credit 💳 isn’t necessarily always bad.
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This is something that I want to touch on because a generational myth that we’ve been taught and that has plagued our communities for decades is that credit is bad. NO. Credit is good ✅and credit is leverage 💰. Now if you don’t have the right habits in place then the access to credit can be bad ❌ because then you’re inclined to run your balance and your utilization up to the extent that now you’re negatively affecting your credit and banks don’t want to lend to you.
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Think 💭 of it as funding as opposed to just credit. We’re in a pandemic right now where things can go left financially really quick. In that case wouldn’t it make sense to have as much capital as possible at your disposal? Because of the pandemic, banks 🏦 aren’t lending as much money inherently because of risk but we should be taking advantage of those that are still lending. Every 6 months you should be doubling your credit limit granted that you are paying it off whether 90% or in full every month. Don’t allow more credit to scare you when really it’s just more leverage. If you’re due for one, go request a credit limit increase (CLI) right now. Lock 🔒 in.

https://www.instagram.com/p/CGXt-3eJyIc/

More credit 💳 isn’t necessarily always bad. - This is something that I want to touch on because a generational myth that we’ve been taught and that has plagued our communities for decades is that credit is bad. NO. Credit is good ✅and credit is leverage 💰. Now if you don’t have the right habits in place then the access to credit can be bad ❌ because then you’re inclined to run your balance and your utilization up to the extent that now you’re negatively affecting your credit and banks don’t want lend to you. - Think 💭 of it as funding as opposed to just credit. We’re in a pandemic right now where things can go left financially really quick. In that case wouldn’t it make sense to have as much capital as possible at your disposal. Because of the pandemic, banks 🏦 aren’t lending as much money inherently because of risk but we should be taking advantage of those that are still lending. Every 6 months you should be doubling your credit limit granted that you are paying it off whether 90% or in full every month. Don’t allow more credit to scare you when really it’s just more leverage. If you’re due for one, go request a credit limit increase (CLI) right now. Lock 🔒 in.

Credit utilization is the amount of revolving credit you're currently using divided by the total amount of revolving credit ♻️💳you have available. So for example if you have a credit limit of $10,000 💰and you have a balance of $3,000 then your credit utilization ratio is 30% because you’re using 30% of what you have available.
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Now why is that important? Well did you know that credit scoring models like vantage and FICO consider your credit utilization when factoring in what makes up your score. Did you know that it’s 30% of that generated score? That’s a big deal‼️. One rumor around credit utilization is that as long as you’re under 30% you’re good. No that’s completely false. You need to be in the sub 10% ball park in order for your credit utilization ratio to positively affect your credit score.
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So if you’re beyond that let’s do our best to pay down that debt. Let’s take a delayed gratification route on some of the things we’re buying or maybe we’re spending on experience. Credit is one of the foundations of creating wealth ✅right along with life insurance.
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Oh I almost forgot if you want to know how to hide your credit utilization then shoot me a DM or if you need a little more help let’s hop on a strategy call to get you right. I hope this free game helps. Let me know what else y’all want to learn as it pertains to credit. Lock in. 🔒

https://www.instagram.com/p/CGAFS32J3sb/

Credit utilization is the amount of revolving credit you're currently using divided by the total amount of revolving credit ♻️💳you have available. So for example if you have a credit limit of $10,000 💰and you have a balance of $3,000 then your credit utilization ratio is 30% because you’re using 30% of what you have available. - Now why is that important? Well did you know that credit scoring models like vantage and FICO consider your credit utilization when factoring in what makes up your score. Did you know that it’s 30% of that generated score? That’s a big deal‼️. One rumor around credit utilization is that as long as you’re under 30% you’re good. No that’s completely false. You need to be in the sub 10% ball park in order for your credit utilization ratio to positively affect your credit score. - So if you’re beyond that let’s do our best to pay down that debt. Let’s take a delayed gratification route on some of the things we’re buying or maybe we’re spending on experience. Credit is one of the foundations of creating wealth ✅right along with life insurance. - Oh I almost forgot if you want to know how to hide your credit utilization then shoot me a DM or if you need a little more help let’s hop on a strategy call to get you right. I hope this free game helps. Let me know what else y’all want to learn as it pertains to credit. Lock in. 🔒

AMT Capital updated their phone number.

https://www.instagram.com/p/CFuCWmwHYyp/

You should know your credit 💳like the pastor knows his word📔. You should be checking your credit report 📄as often as you check your bank account if not more. There’s a lot of myths around checking your credit and receiving hard inquiries which is just simply not true. So how do we do that? 🤷🏾‍♂️
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Primarily you can check your credit report through annualcreditreport.com as well as Experian to receive a free credit report. What we advise is a monitoring service that monitors your credit every month. The service we recommend is IDentityIQ. Let us know when you’re ready to redeem your peace of mind and we can get you set up.
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How do you know what’s on your credit report if you’re not constantly reviewing it 🤔? It’s like professional athletes and game tape. In order to get better, you have to look at the feedback and then apply changes. You could receive an unauthorized inquiry and not even know or worse be a victim of identity theft. Let’s get more acquainted or if you’ve fallen off let’s get reacquainted with our credit. You should know your FICO scores and the data that goes with it before the dealership even pulls it to finance your new car 🚘.
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If you have inquiries that you need to be removed I have a 24-hour express removal guide that has generated incredible results as well as a DIY credit repair guide if you want to go at this alone. As always, let’s lock 🔒 in on our credit 💳so that we can begin to leverage it and generate income. Love. ✌🏾

#750

You should know your credit 💳like the pastor knows his word📔. You should be checking your credit report 📄as often as you check your bank account if not more. There’s a lot of myths around checking your credit and receiving hard inquiries which is just simply not true. So how do we do that? 🤷🏾‍♂️ - Primarily you can check your credit report through annualcreditreport.com as well as Experian to receive a free credit report. What we advise is a monitoring service that monitors your credit every month. The service we recommend is IDentityIQ. Let us know when you’re ready to redeem your peace of mind and we can get you setup. - How do you know what’s on your credit report if you’re not constantly reviewing it 🤔? It’s like professional athletes and game tape. In order to get better you have to look at the feedback and then apply changes. You could receive an unauthorized inquiry and not even know or worse be a victim of identity theft. Let’s get more acquainted or if you’ve fallen off let’s get reacquainted with our credit. You should know your FICO scores and data that goes with it before the dealership even pulls it to finance your new car 🚘. - If you have inquiries that you need removed I have a 24 hour express removal guide that has generated incredible results as well as a DIY credit repair guide if you want to go at this alone. As always, let’s lock 🔒 in on our credit 💳so that we can begin to leverage it and generate income. Love. ✌🏾

https://www.instagram.com/p/CFo_aI0HJKP/

Home of the 750.
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It’s important to know who the three major credit bureaus are. They report loans, revolving credit ie CCs, utilities, mortgages, etc. The big three also report derogatory marks. These are your late payments, bankruptcies, repossessions, inquiries.
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Did you know that they often report different information and if that information is not the same across all three then it’s considered inaccurate?
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If you don’t know how to properly dispute these inaccuracies on your credit report tap in with us at AMT Capital and let’s get your credit right. Leveraging credit sets the foundation for financial freedom.

#750

Home of the 750. - It’s important to know who the three major credit bureaus are. They report loans, revolving credit ie CCs, utilities, mortgages, etc. The big three also report derogatory marks. These are your late payments, bankruptcies, repossessions, inquiries. - Did you know that they often report different information and if that information is not the same across all three then it’s considered inaccurate? - If you don’t know how to properly dispute these inaccuracies on your credit report tap in with us at AMT Capital and let’s get your credit right. Leveraging credit sets the foundation for financial freedom.

Home of the 750.
-
It’s important to know who the three major credit bureaus are. They report loans, revolving credit ie CCs, utilities, mortgages, etc. The big three also report derogatory marks. These are your late payments, bankruptcies, repossessions, inquiries.
-
Did you know that they often report different information and if that information is not the same across all three then it’s considered inaccurate?
-
If you don’t know how to properly dispute these inaccuracies on your credit report tap in with us at AMT Capital and let’s get your credit right. Leveraging credit sets the foundation for financial freedom.
#750

Home of the 750. - It’s important to know who the three major credit bureaus are. They report loans, revolving credit ie CCs, utilities, mortgages, etc. The big three also report derogatory marks. These are your late payments, bankruptcies, repossessions, inquiries. - Did you know that they often report different information and if that information is not the same across all three then it’s considered inaccurate? - If you don’t know how to properly dispute these inaccuracies on your credit report tap in with us at AMT Capital and let’s get your credit right. Leveraging credit sets the foundation for financial freedom.