Sorry if this video feels rushed at the end. Until you make Youtube partner, your videos have a 10 minute limit. I tried to fit a LOT into one video to prevent having to split it into two.
0:01 – Life with bad credit
- how it affected my business practice and living situation
4:35 – Keeping a positive mindset in spite of my credit situation
-Moving on with my life, focusing on my goals
5:46 – Finally, I treat myself and enjoy my successes a little. 
Finally the moment a lot of you have been waiting for.
How exactly did I rebuild my credit?
Please note: I will NOT be answering any questions related to credit rebuilding. Everything I have to offer you is right here. I’ve given you enough leads to learn more on your own. It is time to take responsibility to educate yourself!
Step 1: Check ALL three of your credit reports -( checking your own scores does NOT work against you like “hard inquiries”, which result from applying for new credit)
You can check them ALL here for FREE (once a year)
https://www.annualcreditreport.com
AnnualCreditReport.com is a centralized service for consumers to request free annual credit reports. It was created by the three nationwide consumer credit reporting companies – Equifax, Experian and TransUnion.
AnnualCreditReport.com provides consumers with the secure means to request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies in accordance with the Fair and Accurate Credit Transactions Act (FACT Act).
Here are the 3 INDIVIDUAL Bureaus:
Transunion – http://www.transunion.com/
Equifax – http://www.equifax.com
Experian – http://www.experian.com
Your credit report should be FREE.
I would NOT recommend buying credit scores from any of these bureaus. They are not the industry standard. The only true score is your FICO score which can be obtained here:
http://www.myfico.com/Default.aspx
I warn you though, FICO scores are expensive! Something like $14 for each credit bureau score. If you choose to buy your scores, try not to make a habit of it. For one, they don’t change drastically. Once a year is probably more than enough. Take it from a former “FICO checking” addict. I know! LOL!
Step 2: Check your reports for accuracies/ if there is inaccurate information, make sure to notify the bureau to make the corrections
Step 3: Understand the Statute of Limitations for the state in which you incurred your debt – this is how long a company has to sue or pursue you for a debt
Not sure? Check it here:
http://tinyurl.com/ybjgocv
“By federal law, all debts must be removed from a credit report after seven years (US Code Title 15, ยง1681c).”
Source: http://www.bills.com/blog/credit-reports-seven-years/?rbc=bills+ssp
Another great resource is the creditboards.com
STEP 4: Wait it out & work to establish good credit in the meantime by paying your bills on time. You can also look into “secured credit cards” which require you to put down a deposit for a year (usually) Your credit limit will match your deposit amount. After a year (usually) your money is returned to you and the card becomes UN-secured. Use it wisely! This is your chance to rebuild positive credit history and improve your score.
Paying off your old debts will NOT result in your negative history being removed. Only TIME can heal that wound. lol.
I paid the vast majority of my debts. I didn’t bother with the ones that were 6.5 year in and about to expire from my reports. I just wanted to be done with it. How you handle your business is entirely up to you. But paying off your old debts is REQUIRED before anyone will give you a Loan for a home. Paying off your old debts will update them as “PAID” on your report and that may help you in other areas and financial pursuits.
Remember, none of this will change overnight. TIME is the only true cure. I got myself out of the hole I dug for myself. You’ll have to do the same for yourself.
So I have nothing left to add. If you feel that you are more of an expert, please leave information in the comments section OR create a video response. But I will not be taking or answering ANY questions about credit repair. I’ve given you several leads–you must take responsibility to educate yourself.
Duration : 0:9:59
August 29th, 2010 at 1:03 am
Thanks for the …
Thanks for the series. I can’t seem to find Part 4. Am I missing something?
August 29th, 2010 at 1:03 am
hello beautiful, …
hello beautiful, its me again loll (a new subscriby!!) where is part 4???? so looking fwded to it!!!
August 29th, 2010 at 1:03 am
Hello, after …
Hello, after watching your financial series I chose to subscribe to your channel. I find your videos very inspiring especially since I have also been in the same predicament. Do you have a Part 4 to this video? I would really love to see it. Well thanx and have a great day!
August 29th, 2010 at 1:03 am
do you recommend …
do you recommend any books on saving?
August 29th, 2010 at 1:03 am
Love this woman. …
Love this woman. Thanks so much. I`ve been researching financial advice so that I stay out of the red during my college years. So far, the only debts I have are for school, which I hope to pay off before I graduate.
August 29th, 2010 at 1:03 am
Wow did I hear you …
Wow did I hear you say Mahattan Ks, I live in fort Riley!!!!!!!!!! I have enjoyed your vids so much. I too once had bad credit when I got married but, now I am 26 debt free, a business owner thank God. It took us 2 years but it done. yeaaaaaaaaaaah peace
August 29th, 2010 at 1:03 am
What a video!!! Its …
What a video!!! Its good thank you so much… Please take a look at my videos also
August 29th, 2010 at 1:03 am
Thank-you, …
Thank-you, THANK-YOU, THANK-YOU! This video series has given me the courage to dive into fixing my credit! I CAN control how I respond to life and re-build my credit! So many want to help you, FOR A PRICE! This series is PRICELESS to me and will catapult me on my way to a more positive future! I appreciate what you are doing to help women/people to empower ourselves!!! Keep doin what you are doin and may you be blessed beyond anything you could ask or imagine! THANKS KIMMAY!!!!!
August 29th, 2010 at 1:03 am
i Love your videos! …
i Love your videos! I am learning so much from you, keep up the good work:-)
August 29th, 2010 at 1:03 am
Its always good to …
Its always good to see other women who have big dreams and making them a reality coz it inspires you to do the same with yourself and that is what I seek in friends otherwise they just drag you down with them. You have been such an inspiration for me to live up to my own! thanks girl keep up doing what you do!
August 29th, 2010 at 1:03 am
Wow girl! I must …
Wow girl! I must say I admire you soo much! There are very few women out there who have the determination, mindset, ambitions and brains like you do. I’m always disappointed by my girlfriends(none of them really think about stuff like money, careers goals etc)I try to get them to, but they are busy with gossip and other trivia things. I always wish to find friends who are more success driven. I even gave up and thought such women don’t exist anymore. We need more women like you seriously! cont..
August 29th, 2010 at 1:03 am
Thank You SO MUCH …
Thank You SO MUCH for this info! As a 22 year old art student, I’m scared out of my WITS abou whether or not I will be able to support myself but now I know :
-to save, save, save!
-only purchase what you can comfortably buy
- raise my credit score by paying off student loans
- and look in secure credit cards.
I’m a little more confident.
Oh yeah, and your artwork is AMAZING!
August 29th, 2010 at 1:03 am
Love this series of …
Love this series of videos! I’m on the upswing with my OWN credit, and I’m working very hard to instill the importance of credit and money management in my kids. This was great information. I really appreciate it and will DEFINITELY share it with my sons (the oldest one is 16).
August 29th, 2010 at 1:03 am
This is such an …
This is such an inspirational video. You do a great service for ALL!
August 29th, 2010 at 1:03 am
I was just like you …
I was just like you at 16….a workaholic and I saved every dime…for a car too…now Im 24, a college grad and feel the need to spend every dime I have or dont have and feel like I NEED to go shopping, keep my nails, hair, pedi done, etc…I luv when you said “I looked back to my 16 year old self for inspiration.” I will do that too!
August 29th, 2010 at 1:03 am
Wow you traveled to …
Wow you traveled to all those countries..tats crzy!
August 29th, 2010 at 1:03 am
Thank you for these …
Thank you for these wonderful videos. I’m one of your subscribers and had seen this series of videos you posted in my subscriber list and am now just watching them. I have some financial stories myself, I need to get a camera and start uploading videos. I lived off of my student loans for years and now paying it all back and I’m 6 yrs older than you. I’m reading ‘The Total Money Makeover’ and hopefully I’ll be on track financially soon.
August 29th, 2010 at 1:03 am
im glad i watched …
im glad i watched this. Thanks for the upload.
August 29th, 2010 at 1:03 am
ok i need help i am …
ok i need help i am living off of my school money given to me every semester and my aunt and everybody else is telling me to open a bank account what i am telling them is that if i did that they would close my account becauses i dont have a job what is your advice am i right? ( i dont have a job to keep money in and you have to keep money in for them to keep it open)
August 29th, 2010 at 1:03 am
This was great!!!!! …
This was great!!!!!!!!!!!!My favorite part of this video was when you said, that I had bad credit didn’t mean that I’m a bad person. I’m fixing my credit and it takes a lot of work, and effort. Thank you for sharing your story with all of us. You r truly an inspiration!!!!!
August 29th, 2010 at 1:03 am
thanks for posting …
thanks for posting these financial clips. shows me i need to re-evaluate some things in my life.
August 29th, 2010 at 1:03 am
Hi. I just drove a …
Hi. I just drove a long distance to pick up my two young boys after getting out of class and thought I would take a quick glance at youtube and some how stumbled across your page. that was 3hrs ago. lol. I am 27 and you have truly given me hope and a plan. Thank you so much. it can be embarrasing at times to think that I havent got it together financially but viewing your videos have put my mind and soul at ease. keep up the excellent work!
August 29th, 2010 at 1:03 am
OMG you are soooo …
OMG you are soooo amazing, I’m currently 23 and I’m learning so much from you to help improve my credit and financial situation. Thank you sooo much for all that you do!!!
August 29th, 2010 at 1:03 am
I needed to see …
I needed to see this. You are helping so many people this way. I’m on the path to credit redemption and it’s not easy by any means. I say all the time tha I wish that my parents would have talked to me more about money and explained these things to me. I try to share my knowledge as much as I can. Good job on your vids.
August 29th, 2010 at 1:03 am
How do you get a …
How do you get a FREE credit report? I had to pay $25 for Experian one time.