Completing The Applications

All right, what’s going on guys? So this is Completing the Applications for Tier 5. Just a few housekeeping things. So I’m gonna go and hop right in. So, I’m just going to cover the steps and then discover a few things that we’ve already covered in the past. Number one, like always we want to check our credit reports to make sure all of our tradelines between tier 1, to tier 4, are reporting on Dun & Bradstreet, Equifax, and Experian. More than likely. they’re definitely gonna be reporting on Dun & Bradstreet and Experian. And at this point you may have an Equifax profile, which is going to be good. So we want to know exactly where our credit stands for. I mean stands where our credit report stands. And then if for whatever reason, some accounts aren’t reporting, then we want to reach out to those vendors and get, make sure that they’re going to report and then hold off. Now, before we even get to the tier 5, we want to make sure we have at least one $4,000, line of credit reporting on our credit file.

Okay. Now in tier 5, the whole goal is to get lines with better terms, specifically revolving credit accounts like we did in the transition between $2,000 and $10,000. All right? So that is our goal. Now, if some, if a vendor says, Hey, look, we’ll offer you a $15,000 line of credit, but it’s going to be a net term. I still recommend taking that because it’s going to report that high limits on your credit report, which is what you want. All right? And the goal is what we’ve done before. So you’ve been down this road for the times. We want to make sure we purchase goods and services that we’re more than likely going to use and pay our bills on time. We want to continue to use these for at least three months in a row and continue using these vendors if you need to use many ways.

But what this is going to do is still give you that small little credibility and boost to your credit score and help you maintain that particular limit. Now, the other thing we want to do is if we have a revolving line of credit, we don’t want to use no more than 25% of that limit. In my opinion, if you have a $15,000 limit, you don’t want to use any more than $1,250 of that particular limit. Maybe you don’t want the balance to report more than $1,250. You can use more of it, just make sure you pay it off before the reporting date. Okay? So these are the housekeeping things here in tier 5, not too much, just a couple of housekeeping things for you to understand, and then I’ll see you in the account blueprint.