Building Credit Today Technique

So what’s the easiest way to fix bad credit?  Simply by not fixing it.  That’s right you can start anew as if you never had credit.  And here is how…

                                  Bad Credit Be Gone

All you have to do to start off with no credit is get a lawyer to set up a corporation for you and then you build credit in that corporation.  That’s all!  Note:  Never use your name in the corporation title (name) and never give the corporation a specific purpose in the title (name) of the corporation.  That’s all you will be legally allowed to use the corporation for.

                                  Building Credit Now

The simplest way to build credit is as follows:

Take $1,000 and open a bank account at a local bank.  Wait for about seven days, then go back to the bank and borrow $1,000 using your bank account as collateral.  Start paying the money back immediately.  Pay more than the minimum payments.  Make two or three payments, then pay the loan off in full.  Do this at a couple of banks and soon you or your corporation will have great credit.  Your next step after you have done that is to try and borrow $5,000 secured by your $1,000 bank account.  The banks will probably lend you the $5,000 because for every $1 you put in the bank the bank is able to borrow $4 so $1+$4=$5 and $1,000+$4,000=$5,000.  So borrow $5,000 and soon you will always be able to borrow $5,000, with no security at all.

This Article was brought to you by:

Joshua Fogle

Author of:

(1) How To Make 10% Or More On Your Money

(2) Stock Up On The Stock Market

(3) How To Buy Real Estate With One Hundred Percent Bank Financing

To find me on ebay type in "ZMZ"

Copyright © 2007 Joshua Alan Fogle All Rights Reserved