How to Go From Bad Credit to Unlocking Six Figures of 0% Interest Funding

If you have bad credit or no credit history, it may seem impossible to get approved for significant funding like high limit credit cards, business funding or mortgages. But what if I told you there is a proven step-by-step process to completely transform your credit profile and unlock six-figure funding at 0% interest?

In this post, I'll walk you through the exact steps I've used with clients to go from bad credit to getting approved for huge limits. With the right strategy, you can build real relationships with banks and lenders that will approve you for the funding you need to start or grow your business.

Why Quick-Fixes Don't Work

Many credit "gurus" will recommend quick-fix products like Self Lender and Kickoff to give your credit score a fast boost. But underwriters at banks don't care about those trade lines when you apply for real funding.

Getting a quick score bump doesn't build meaningful relationships with lenders. And it's those relationships that get you approved for the high-limit business and personal credit you need.

Here are the key steps to add positive trade lines that actually impress underwriters:

Step 1: Open 3 Secured Installment Loans

Go to three different credit unions and take out small $500 secured loans. Allow the credit unions to secure the loans against $500 savings deposits. This gives you three new installment loans reporting on your credit file.

Make monthly payments on each by dividing your remaining $500 savings by three. As you pay down the balances, those funds will unlock so you can make the next payment.

Pay down 90-95% of each balance, but continue making small monthly payments for the full loan term to maximize the benefits.

Step 2: Apply for 2 Secured Cards

Apply for two secured credit cards that graduate to unsecured cards after 6-12 months of consistent payments. Use the unlocked funds from the installment loans for the security deposits.

For example, Navy Federal is known for graduating secured card holders to unsecured cards with high limits of $2,000-$10,000.

Step 3: Become an Authorized User

Ask a friend or family member with a long credit history and low balances to add you as an authorized user on their credit card. As long as they have perfect payment history, this will help your credit age and score.

Step 4: Apply for Personal Credit Cards

After 6-12 months of positive payment history on the installment loans and secured cards, apply for 2-4 unsecured personal credit cards. Use pre-qualification tools to avoid unnecessary hard inquiries.

Step 5: Request Higher Limits

Every 3-6 months, call your banks and request higher credit limits on your cards. This will continue to raise your total available credit and look impressive to underwriters.

Following these steps takes your credit from poor to getting approved for six figures of 0% interest funding! Lenders will see your built up credit profile and high limits and want your business.

Conclusion:

Building real relationships with lenders is the key to unlocking the business funding you need to succeed. Stop chasing your credit score and focus on crafting a profile that gets you to the next level.

Sign up for my free credit repair platform CreditBlueprint.org to start disputing negative items right away. As a bonus, you’ll get my full step-by-step funding guide!