Improve your Credit Score And Your Business Credit.
Friday, February 9th, 2007Here we are, the wealthiest and most powerful nation in the
world, and yet, tens of thousands of Americans suffer from bad
credit. Revolving debt from bank credit cards and retail cards is somewhere in the $700 billion range.
Anyone who is dealing with bad credit quickly learns that the consequences can be brutal. Ask the infamous Donald Trump.
He’ll tell you how close he came to losing it all. A decade ago
he was on the brink of going bust with personal liabilities around
$900 million. And now he’s listed in Fortune magazine as a
billionaire twice over.
Even now, he has $1.8 billion in debts and his casinos have lost
tens of millions of dollars. But the debt is just a matter of scale.
Thanks to his passion for real estate, Donald Trump will always
have a place on top of the world — in one of his own penthouse apartments!
Say, did you catch that? For someone like Donald Trump, debt
is just a matter of scale. It’s unlikely that he loses sleep, worrying
about his FICO score. Because he knows all the secrets of true
wealth accumulation.
Even without Trump-like resources, for the real estate investor
just starting out, there are numerous investment strategies that
don’t require cash or good credit: Foreclosures, lease options,
rent to own options, flipping opportunities, for sale by owner, and
so on.
