The Credit Repair Recipe
Payment history 3.5 cups
Amounts Owed 3 cups
Length of credit history 1.5 cups
New Credit 1 cup
Types of credit used 1 cup
Step 1 Pour in 3.5 cups of Payment history by blending together Your account payment information, including any delinquencies and public records.
Tip* AVOID adding Charge-off accounts to your payment history mix. Charge-offs are accounts that have likely been turned over to third-party collection agencies due to non-payment. Result: Your recipe will be ruined.
Step 2 Meanwhile, preheat oven to 350º. Lightly grease a 5-by-9 in. pan and line bottom with Amounts owed by mixing How much you owe on your accounts. Remember The amount of available credit you’re using on revolving accounts is heavily weighted.
Tip* Keeping credit card balances BELOW 30% of their overall credit limits will almost always improve your recipe.
Step 3 Add water to payment history mixture. Leave mixture to rise also known as Length of credit history by setting a timer showing How long ago you opened accounts and time since account activity.
Tip* Starting this process early in the recipe will result in a better tasting credit score.
Step 4 After the payment history mixture has risen add 1 cup of new credit by opening a recent credit account or RE-ESTABLISH Positive Credit History after fixing Past Payment Problems.
Tip* A NEW CREDIT CARD may improve your credit score recipe because its additional credit limit will lower your overall debt-to-available-credit ratio.
Step 5 In a food processor, whirl types of credit by mixing the Number of various types of accounts such as: credit cards, retail accounts, installment loans, mortgage, consumer finance accounts, etc.
Tip* Remember to keep a good balance when mixing types of credit. A lopsided amount of installment or revolving accounts can actually hurt your recipe.
Step 6 Add all ingredients together spread over greased pan, bake and enjoy!