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Is Credit Usage Wrecking Your Real Estate Leverage?
Categories: Blog Posts
Make real estate leverage easy or hard… Your score, your choice. Leverage is the secret to successful real estate investing. What they say is true: it takes money to make money. The cheaper, easier, and faster your real estate leverage, the more you’ll enjoy investing. The number one factor in how cheap, easy, and fast real […]
Real Estate Investing, Credit Usage, and Your FICO Credit Score
Categories: Blog Posts
How do they come up with your FICO credit score? And why is it such a big deal? Usage is a big deal when it comes to your credit score. But it’s not the largest factor in determining your credit score. Let’s go over what parts make up your FICO credit score. What Makes Up […]
Unsecured Lines of Credit for Real Estate: Explained
Categories: Blog Posts
Don’t be afraid. Unsecured lines of credit can be a valuable tool for real estate investors. 0% credit cards scare some people off. When used correctly for a business, however, there’s nothing to be nervous about. Unsecured lines of credit can be a great tool to lower your cost and open up other forms of […]
Credit Myth-Busting: Credit Card Usage Percentage
Categories: Blog Posts
Your credit card usage percentage is NOT the amount of debt you owe. Usage is a percentage based on the amount of credit you have used compared to the amount available. It is not based on the amount of debt you owe. Two people with the same job, age, gender, etc., can have the same […]
What Is Credit Usage? (And Why It Matters)
Categories: Blog Posts
Your credit score is key to gaining leverage. But usage is key to your score. So what is credit usage? In simple terms, usage is the amount you have outstanding on your credit cards (and loans) compared to the maximum credit limit the banks have granted you. Still confusing? Let’s break down exactly how credit […]