didier at diddy a mortgage we're gonna

00:02

talk about credit and I'm gonna do a

00:04

series of credits so we're gonna talk

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about having no credit zero nothing so I

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had a young lady she called me up I had

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to go get a secured credit card and that

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secured credit card with the bank that

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she went to ask for $300 on that $300

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account I told her to max it out the

00:20

very first month 300 utilization done

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paid off the next five months she was

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only allowed to put $100 each month on

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that credit card and pay it off see what

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happens is that a mortgage it takes six

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months for it to show up

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not beforehand now you may see Credit

00:39

Karma you may see your credit card and

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it's showing up but for a mortgage

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purposes it's six months so anyways

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we're going along we get to the six

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month and I pull her credit report on

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October 9th and she has a 708 boom she

00:55

got approved for conventional got

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approved for FHA 3% down all day long

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that's what I did so I just want you to

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know that's how you have to do it now

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remember when you're looking at credit

01:05

Carmen these other places it's not the

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same as when we pull a mortgage it's a

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different on the credit scores but

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they're good because it gives you a

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range and on these different sites you

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can see how it can build up so I'm

01:18

didier at didier mortgage show you how I

01:21

got one person with no credit to a 708

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so for you first-time homebuyers or

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people just don't believe in the credit

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and hasn't had credit and just use your

01:29

debit card that's what you need to do

01:32

next we come to talk about medical

01:34

collections and how we can jump up the

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scores hope you've enjoyed this so we'll

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talk to you next week

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take care