$10,000 CREDIT SCORE HACK! Should you pay off Collections? LIVE on CREDIT CARDS?

$10,000 CREDIT SCORE HACK! HOW I lived on CREDIT CARDS FOR YEARS! I have 8 Personal accounts but 34 CREDIT CARD LEGALLY! HOW?

BOOK A CALL: LIVE EVENT LAS VEGAS:

$99 SPECIAL►🏠 Real Estate Masters Course 🏢 🏛

►💰LIMITED TIME GET 6 stocks when Deposit Penny:

🎥 MORE CONTENT on my Second Channel:

►💰 LOANS Small Business:

🤸🏽‍♂️🤸🏽‍♂️Secrets on How to GET and STAY Motivated:

MORE GREAT BONUSES:
►Get $10 Dollars in BITCOIN:
►Get $10 MORE Dollars in BITCOIN:
►Get up to $250 in BITCOIN:

►My Stock PORTFOLIO + Programs 💯 JOIN ME ON PATREON:

►📗BUY MY BOOK THE ORIGIN OF OPPORTUNITY!!!📗
►📬 FREE EXCLUSIVE NEWSLETTER 📬
►💼🕺SELLING made SIMPLE!📈 💵 💰 💵

CONTACT ME:
🕺 Facebook:
Instagram:
Tiktok:
📬 Email:

NOTICE OF RISK: Content is for News & Entertainment purposes only. Do not make accounting, legal, business, personal or financial decisions based on content provided. ALWAYS CONSULT A PAID PROFESSIONAL. The content provided is owned and expressed by ORIGIN, LLC, a multimedia company. Andrew Cartwright is an employed personality and is not LEGALLY responsible for the following content. The information provided is the opinion of Origin, LLC. Always do your own research and always make your own decisions. STOCK MARKET, BUSINESS, AND REAL ESTATE HAVE HUGE RISK. Andrew Cartwright and/or Capital Velocity may receive compensation for your use of the Products and Services advertised in this content through the use of affiliate links. sba loan 2022 small business grants self employed grants business credit cards sba

---

Hey everyone it's andrew cartwright here I hope you guys are doing great i'm Going to talk to you about how it cost Me 18 points to get free parking but i Got an extra 15 000 And how i lived on credit cards for a Year and got a mortgage for 1.8 million Dollars uh living on credit cards i got Some i'm going to share a lot of secrets With you today secrets that have Been with me my whole life and helped me Accomplish all the things that i have Like this six million dollar home Businesses buying buildings all kinds of Stuff It all comes down to credit and Understanding how it works credit is the Leverage you get to make Millions people who know how to use debt Know how to get rich so i want to teach You some basics in this Um about paying off your collection Accounts to boost your credit score You know life has ups and downs you got Divorces you got business failures you Got lots of jobs crazy employees Partners girlfriends boyfriends i even Heard of a kid that stole his parents Money Ten thousand dollars out of their Bedroom they didn't have it in a bank Account they couldn't pay their rent They couldn't pay their bills they Couldn't take care of anything

And That can happen to anyone at any time You could lose a job you could um get a Divorce you could break up and end up Not able to make your bills let's say You're a two household income and You literally can't pay the bills Because one of the partners left lots of This stuff happens and it happens at the Most inopportune times that's why this Is so important i'm going to talk to you About how it cost me 18 points to get Free parking but i got an extra fifteen Thousand dollars and how i lived on Credit cards for a year and got a Mortgage for 1.8 million dollars uh Living on credit cards So This is secretive stuff it's hacks on How to do this i have 34 credit cards But i have Eight accounts I'm going to show share with you how That's possible how you have 34 Different credit cards and only have Eight on your account So here's a credit score hack we're Gonna get into it my name is andrew Cartwright i'm dedicated to your Personal finance your business credit Your personal credit and all things to Make you money start a business my goal On this channel is to partner with you To buy businesses i'm all done running

Businesses i've started 32 and 17 Industries and i've bought 17 companies I want to buy 80 100 more companies but i want to do It with you because i can't run them I'll help with the financing the money The debt because i know the debt Structure and we'll put it together and Buy companies we want good healthy Companies make sure you hit me on Instagram or email me also i'm having a Live event this is separate from that Here in las vegas if you're interested In that book a call it's here at my Mansion we're going to sit down and Break down credit business Real estate all things related to your Success so it's a boot camp and it's a Workshop so be prepared to work when you Get here at any rate also if you need a Loan for your business working capital i Got a link down below 12 different Programs we'll get you the money you Need merchant advances credit sba up to 5 million dollars make sure you check it Out we don't pull your credit uh Personal credit this is business related Loans so make sure you check that out It's down below also it should you pay Off your collection accounts we're gonna Talk about a credit score hack in this Video Hopefully you guys are doing well grab Your free stocks down there by the way

And if you're interested in real estate I put together an incredible course 36 Videos and a resource list and it's on Sale right now check it out down below It's amazing it's all the secrets i know About real estate so but first How many of you have received a call From a debt collector probably there's Been a lot of you it happens to the best Of us it's even happened to me or you Don't want to answer the phone i've been In it in the thick of it you wouldn't Believe how many cycles of my financial Life i've been in i've been up and down A multi-millionaire four times but broke Like five so debt collect collectors Will attempt to collect money for like Landlord medical service bills credit Cards uh an account let's say your car Got repo'd and they're trying to collect On that or a phone bill let's say a Phone that you didn't pay the last bill And they're coming after you utilities And while paying or settling with Collection accounts may certainly look Better to future lenders that you took Care of your obligations there are no Guarantee that your credit score will Improve as a result i'm going to show You my credit score in a little bit 8.50 But i lost 18 points just recently to Free parking and i'm going to talk about That so what are collection accounts Indicate default or previous obligations

That you have that the original creditor Right sold the defaulted debt to a debt Buyer or Consigned the debt to a collection Agency i know all these guys i know the Debt buyers i know the collection Agencies i've even owned a part of a Collection agency at one time and bought Debt so i understand it completely the Goal of a collector not surprisingly is To work on behalf of its clients to Collect the defaulted debt From those who owe the debt to Or as much as possible so there's Possible right collection falls under Payment history which is the biggest Factor in ficus score calculating and Driving 35 of your score i'm going to Talk about another indicator that has 15 I'm going to show you on my personal Credit report here in this video Consumers with collections on credit Reports though are likely to have lower Credit scores than consumers who don't Have collections like that's an obvious Point right like sure they do in Addition to the potential impact of the Credit score the presence of collections Also can influence lenders decisions For example let's say you're trying to Get a home mortgage right from fannie Mae which provides financing to mortgage Lenders they back those loans and has Several policies required in regards to

Collection accounts that they are paid Off prior to closing on a loan they want To be number one in your book of Payments they don't want to be behind You uh having to pay somebody else they Kind of want to be paid first it's Always a good idea to pay collection Debts you legitimately owe Paying or settling collections will end In harassing phone calls and collection Letters for sure and it prevents Collectors from suing you which is an Option they have a lot of debt buyers Will buy debt just to sue you that's Where they bought the debt from the debt Owner The debt collector will then Update your credit report to show that The collection account is now at a zero Balance now newer credit scoring models They ignore collections that have been That are at a zero balance This is true for all versions of those Fico scores if you have verified Collection accounts on your credit Report it will not be removed until Naturally until it naturally falls off Your credit report in about seven years You can add a hundred to two hundred Word consumer statement in your credit Report explaining to the collections so That they have a good idea and i Recommend that you write a good Narrative if you have a good reason

And if you have a a lot of people don't Know this but you can establish Re-establish the statute of limitations By making a payment which is also can be Bad especially if it's about to be out Of statute and they haven't sued you So something to think about basically Most negative credit information Including collections must eventually be Removed from your credit report as a Matter of law statute of limitations or Reporting statute right that means It's for the best interest to pay or Settle your debt as quickly as possible And be careful about re-establishing Those statute of limitations if they Don't plan to take action on you Remember the newest credit scoring model Ignores zero balance collections while Older scoring models do Not so you want to think about that While you can also negotiate with the Original principal debt and say look um I want to um i want to settle with you But uh you need to i did i've done this I i've told them i think you made a Mistake on a couple of reporting where You It incorrectly and they I paid them a fraction of the amount and Then also they remove the collection and The account off my credit report it's a Special hack it takes some conversation Usually you have to do that with the

Principal not with the collection agency So they're concerned about getting hit For not reporting accurately while the Fair credit act allows collection Agencies to report up to seven years There is no requirement that the debt Collector or credit reporting agency Remove a collection account simply Because it has been paid so you might Want to contest it there's a spot on Your credit report where you can do that When you pay or settle a collection and It's updated to reflect a zero balance On your credit report Your fica or your vantage score scores May improve scores generated by those Old models will not improve so you're Still stuck with what you're stuck with If people are going after old scoring Models because there's so many different Ways they score The long story short is that paying off Old debt that have gone to collections Probably won't have a good or a good Impact on your credit scores as you'd Like always consult a financial advisor And attorney for the most accurate Information pertaining to your credit Situation and always pay your debts Before they hit Your credit report But there is a hack that you can really Help you strengthen your credit if you Find yourself in this situation let's

Say you have a very high credit limit And you keep your credit utilization at Zero that's what helps boost your credit Score so here's what you can do If you don't have a nav federal credit Account get one the best time to get an Account is after eleven o'clock when Everyone goes to sleep remember that's Important in order to get a navy federal Account you need to be part of some or Affiliated with somebody in the military You got to know somebody or family Member somebody is in the military or Any branch of the government for that Matter so make sure you check that out But with navy Federal credit union hack you can set The credit limit to ten thousand dollars Um you can easily keep your utilization At one percent especially if you haven't Used it So let's talk about the free parking That i got okay So This this happened um and i will share This with you uh right here This is my credit score right eight 850 Right this is uh before Uh it happened and This is After i lost 18 points By getting this card This card right here Right so

It's an mgm card so that i could get Free parking and it cost me It cost me 15 It cost me 18 points as a result The good thing is that my credit limit Now is 90 000. Um as you can see i only have eight Accounts Eight accounts Right So with eight accounts i showed you that I have about 32 34 credit cards right in Total So how do i do that well i have business Credit Business credit is so important it's how I was able to live For a full year on nothing but credit Cards and i bought dinners i paid all my Bills i paid everything with credit Cards and i was able to do that because I had established early on when i Realized when my personal life fell into Shambles i had no business credit at all I had nothing to lean on so i was in Really bad shape for a long time the Second time that i Made a comeback in my life I went and got as much every single Business that i got i built business Lines of credits and i also got credit Cards on them so my second time around Going through the business cycle i Established a large amount now you can

Imagine with eight accounts having 90 000 in available credit right But with these cards Each one of these cards represent Anywhere from 10 To [Music] 35 000 a piece each one of them So there's hundreds and hundreds and Hundreds of thousands probably a million Dollars worth of available credit for me To protect myself if things happen now Once i buy something on a business Credit card That business credit card Literally doesn't report to my personal Credit At all In fact all of the balances were maxed On all of my business credit cards When i was having trouble and i was able To get a mortgage for 1.8 million Dollars Right because my personal life looked Great the accounts were going bills were Getting paid and my credit score looked Amazing Although my business credit cards were Escalating Now i had a deal go through in real Estate and i was able to clear all those Debt there's credit cards i had a plan i Wasn't just going to go bk i had a plan At the end of that and real estate

Ultimately after a few sales Was able to pay off all those debts i Got my 1.8 million dollar Mortgage and i was able to move on but If it weren't for those business credit Cards well I wouldn't i wouldn't be sitting here on On videos right now today talking to you So i definitely want to help you out any Way i can my name is andrew cartwright i Hope this helps you it's a hack that can Help you during tough times in your life Make sure you go establish some business Credit um It's not financial advice i know i'm Supposed to i i'm not supposed to give Any financial advice this is just what i Do so this is what i'm doing i'm gonna Have i'm gonna continue to get business Credit cards um at some point i hope to Have about 60 70 credit cards uh maybe a Hundred and um I'm going to make sure that i have Financial Protection if my personal life blows up Take care i'm andrew cartwright love you