In this post I will show those with fresh credit or new credit how to obtain higher credit limits in a short period of time, avoiding the most common mistakes made with new or fresh credit.
I'll first talk to the ones with the blank credit files, or those just starting out. Lets say your fresh out of high school or even college. You may have that great idea, or want to invest in the market, or even invest into real-estate, or you just have that entrepreneur spirit. More than likely your not at that point to invest cause your broke or don't have much, unless you have that rich uncle or grand mother, but even that scenario the rich relatives are tightening there pockets as well. I mean times are hard, so wouldn't it be nice to have a little advantage over the rest.
lets get right into it. First and fore most, reconsider the banks who you bank with. You may want to start focusing on your city's local banks, and credit unions. (In the ebook: The COME-UP COMPILATION) there is a list of the top 10 credit unions to join, which I may add, some are very generous, even with fresh credit, lol. Going to these banks will give you a better chance to build your credit faster and with higher limits, verses going to the big wigs, you know who I mean, lol.
-Also before you choose to apply for a credit card you may want to reconsider doing that, because you don't have any or no credit, those that will extend credit to you will start you out low, which will make sense from a underwriter stand point, but think about choosing a secured credit card first, these is a list of the top 10 secured credit cards to obtain in the copy of the ebook( THE COME-UP COMPLATION). Getting a secured credit card as your first 2 cards or so will help you to pave your next unsecured limits to high limits especially if you start those secured cards out with high limits for example($1,000-$10,000).
-A very important step in obtaining high limits in a short time is to make sure your credit reports have completed information on them, correct name, address, age, DOD, even job and salary information. Information that is not updated can be the difference between an approval and an denial even with a 700+ score.
-Following these steps will surely get you on the way to obtaining high credit limits in a shorter time period than usual.
I have helped many obtain funding under there personal credit even with negatives on, lol. I have also helped many to clean there bad credit as well.
You can ask your question or leave your comments here about how to establish new credit to obtain high limits in a short time period.
I am available on my blogs, Wordpress, emails and itsmapps.com at all times.
check out the live actual proof of the credit this client got here:
http://www.youtube.com/watch?v=dFquL0J73E0&feature=endscreen&NR=1
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