If you’re trying to own or refinance a home but struggling with a low credit score, I want to give you our #1 tip that we offer to all of my clients about mortgage credit builders for sale!
Your credit score is key to qualifying for the best interest rate and a low down payment. And a credit builder could help boost your score in as little as 90 days!
However, what kind of credit builder actually works? Mortgage credit builders, auto credit builders, credit builders? Continue reading to find out.
What is a Credit Builder for Sale?
A credit builder is an existing account that adds good credit history to your credit report.
You may have heard that adding yourself as an user to a friend or family member can help boost your credit.
It’s the same concept!
However, not everyone has friends or family with an 800 credit score that’s willing to add you to their credit card.
You probably don’t know that anyone can add you as an user.
There’re people with excellent credit willing to add you to their good credit history temporarily.
When they add you as an user, their good credit history will instantly appear on your credit report, so you wouldn’t have to spend several years building your credit.
Since the card history transfers to your report, it could give you the boost you need to achieve your own homeownership goals.
Do I Need Seasoned Mortgage Credit Builders for Sale?
Many primary mortgage credit builders for sale show up as either a closed account, in default, but worse, it’s a stolen identity account. The FICO algorithm rewards people with open credit builders in good standing more than your account mix on your credit file.
Another way to put it is you can see someone with only 4 open credit accounts with a 100% payment history with a score of over 760.
However, another person with 4 credit accounts – a mortgage loan, auto loan, credit card, and personal loan, but without a perfect payment history with a score of 400 to 600s.
So why would you want to buy a mortgage credit builder when it wouldn’t really make a difference? Well, there’s a better way.
What You Should Do Instead of Getting Mortage Credit Builders for Sale
The key to increasing your credit is the quality of your accounts on your credit report, not whether it is a primary credit builder or a different mix of accounts.
Here’s an example of someone with only two user accounts and two primary accounts on their credit with a FICO score of over 760. And this is proof of what I’m trying to instill in you.
Quality, not quantity, matters.
So instead of getting seasoned mortgage credit builders for sale that may be obtained fraudulently and reports on your credit as closed with little to no impact…
The secret is utilizing credit builders that report as an open account with 100% payment history and less than 20% utilization.
Purchasing Credit Builders from the #1 Rated Among Credit Builder Companies!
Most mortgage lenders or real estate agents don’t know this credit score secret, or they would have told you about it by now.
They’re experts in their fields – in originating a loan or closing a real estate deal but not an expert on credit or credit builders.
If you’re sick and tired of waiting to increase your credit history, then you can buy a credit builder with some decent credit limit to fast-track your progress.
We’ve taken the guesswork from buying seasoned credit builders by guiding you step by step on our online credit credit builder analysis. It only takes about 7 minutes from start to finish and it will be well worth your time.
Getting started is simple!
- Tell us about your goals
- Answer a few questions about your credit file
- We’ll match you with the 3 best options based on your credit file and budget
- Select an option and checkout securely online
- Complete your account creation process and upload your IDs
We’ll add you to the card and you’ll get a confirmation email for your records.
Keep in mind that you wouldn’t receive a card in the mail, but we’ll add the credit builder to your credit report, and it will show up in a few weeks.
By improving your credit history, you could start benefiting from the credit builder credit history so you could hopefully get to your goals sooner.