Transcription: Colorado Springs Mortgage
Steve Currington: This is stevecurrington.com in the Steve and Tyler show episode number 84. Steve.
Recording: Welcome to the Steve and Tyler show. With stevecurrington.com and Tyler Wadner.
Steve: Who negotiated the contract for you?
Tyler: I wrote it.
Steve: Oh, you’re pretty smart. Good for you man.
Announcer: They’re talking about everything you Colorado Springs Mortgage need to know about mortgages, home loans and more. Nobody knows mortgages like these two. Get ready because here’s Steve and Tyler.
Steve: Broadcasting live from the Box that Rocks at Thrive 15. It’s stevecurrington.com and my guest of honor and co-host–
Tyler: Tyler Waybern.
Steve: Y-bum. We call him Y-bum. The reason we call him Y-bum is the because the “r” and the “n” if you don’t pay that much attention, take a “r”, put it next to an “n”. What does it make? An “m”. “Y-bum”. Or “T-don”.T-don is the one.
Tyler: T-don. Yes. That’s the one.
Steve: Today we’re talking about Colorado Springs Mortgage Loans. You know that’s what we do. We’re going to talk about credit repair. I think we’ve covered some facet of this in the past, but if you’re video watching– kind of the purpose of this is for you to to be able to sell credit Colorado Springs Mortgage repair, for you to be able to take a client that maybe doesn’t qualify. What am I thinking. To take a client that doesn’t call-lilify, call-lilify. I don’t know how I even got qualify in my vocabulary bro. You take someone who you think’s dead. They’re not going to they’re going to buy a house. They can’t get a loan. Their credit is messed up. You convert them into what I call “put them in my pipeline” to deal that maybe you can be doing loans in three to six months Tyler?
Steve: You’re going to need a loan in three to six months. Is that true?
Tyler: Yes, I’m going to need it.
Steve: What we’re going to do is talk about credit repair. [bird whistles] The Quali kind of affected. Hey I forgot about this stuff. [bird whistles] By the way, I’m so proud because Tyler hasn’t had to have this poster.
Announcer: [knock] Tyler, are you awake? Wake up Tyler.
Steve: Not all day to day. We start this thing like really early in the morning people and I haven’t had to tell Tyler to wake up yet. That’s pretty impressive. All right. I’m going to jump into, Tyler you’re the client. I have to call you because your credit is terrible. I love you, but your credit is– You’re going have to play this role of “you don’t pay your bills”. Here’s what I want to hear from you. Excuses, there’s that one collection but it’s not my fault, I want to hear like why can’t you get me a loan, what’s wrong with the 480 credit score– That type of stuff. Then I’m going to tell you what I would tell any client ever regardless because we don’t judge, we don’t send anybody packing.
It’s just some people need the education. Here’s what I tell people, when I was growing up when I was like 16, 17, 18, 19, 20, I got a mom and dad who were very good and taught me things about credit and responsibility and paying things you buy, all that stuff. Some people didn’t have that luxury. They just kind of had to learn on their own. They went to college maybe and First USA gave them a free T-shirt after they filled out a credit card application and they charged up a thousand bucks on a credit card and didn’t realize they actually had to pay that back at some point. It’s fine because we don’t judge. We’re not judging anybody, we’re just saying, “Hey. Let’s help you.” I just want to help. Ring ring Tyler.
Steve: Hey Tyler. It’s Steve Currington.
Steve: How is the going.
Steve: Hey man, I want to call you back. I got your application all put together and processed and wanted to go over some stuff with you. Your credit scores are below the benchmark that we need for you to be able to qualify, but I kind of wanted to talk to you about that. One of the big things that you’re Colorado Springs Mortgage missing is, first of all you’ve got about a 525 credit score, you’ve got quite a few collections on there, some that are medical, you’ve got a couple utility collections from like Cox Cable and some stuff like that, you had a judgment for about 1500 bucks. Looks like it was released, but obviously a combination of those things is just bringing your score down.
Tyler: Okay, but–
Steve: Do you know that already?
Tyler: There’s some stuff on it, but it’s not all mine.
Steve: Whose is it then?
Tyler: My ex made me get the Cox Cable. I didn’t want it, but–
Steve: Got it. Yes, and we see that a lot. Unfortunately it’s on your credit and it’s there. We’ve got to deal with it. It’s not the end of the world because– there’s things on there that with professional help, you can get taken care of. The biggest issue I see is you don’t have any revolving debt. You don’t have any credit card.
Tyler: What do I need this for?
Steve: It represents about 30% of your score.
Steve: It’s like trying to get a 4.0 in school and not taking math. If you don’t have a revolving Colorado Springs Mortgage debt, you don’t have credit cards because if used properly you can really help your score and boost your score just by having revolving credit. What I do with anybody that wants it, when there are 525 credit score like you are, is there’s two things. About 50% of it is counseling and you understanding credit. I’m a certified Fika professional. I know stuff about credit that people just don’t know about. 50% of it’s that and the other 50% of it is just clean-up. It’s just getting rid of the stuff, not pay it. I’m not saying, “Oh, we need to go pay all that stuff off.” If you’ve got a legal obligation to pay something and they’re going to sue you or garnish a check or something, you probably ought to pay it.