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hi everybody this is Karen Highland. Together with my husband Chris and our son Brandon
Highland, we are real estate agents in Central Maryland.
And this is part of a series of videos that we're going to be doing, concerning your credit
score. Today we have with us Blair Warner, who is
the founder and credit specialist at Upgrade My Credit.
Blair, why don't you tell us a little about
yourself and your business.
Well, you already said my title
well I you you already said my title I am the founder and senior credit consultant, credit
specialist, whatever you want to call me, related to helping people who have credit
related to helping people
who had credit problems in debt problems and
the reason you and I are talking is because eighty percent of my clients
come to me, because they want to buy a house
it's the biggest purchase and that the biggest motivator for someone to
get their credit in shape and I come from a mortgage background so
II pretty much had my hands in various parts the whole
real estate industry and I'm just glad to had to be here and
in and work with people like you to help your clients more class get into homes
The first myth, the kind of thought that a person has, "I pay cash for everything, I don't even use credit, so my credit score
should be fine." What would you say about that? it is a a myth or some misconception
you know there's there's a lot of teaching out there and I will I was
saying his name but probably
a particular name comes to people's mind but she knows a lot teaching out there
that that is telling about his pay cash for everything
it would be nice be honest with you we were able in a society to
to do that and pay cash but that's not the way our society is
is built on right now and and I'm not against
I am credit of course I mean credit industry but
but a you know the responsible use a bit
in credit is really what we should be looking at residence the outer everybody
there
to pay cash for everything and not worry about credit but there are still some
items that you just have to have a credit score for me to want to buy a
house you can't my house without credit
a most the time people you know their first cartoon there any credit now there
are people right idea I got my god but Allah in my thirties all my car since
then have been able to
to buy for cash but my first couple cars I had a you know
headed by with the loan and the
the catch-22 is that you can get credit
in the without credit you know that you have to have some credit but to get more
credit
and so when you go and you get ready to buy a house
if you don't have any credit then you not bill by House in you can't star
overnight credit is something we have to build up
gradually so if you've been paying cash all these years and you haven't done any
credit
anyone to buy a house it's gonna be another two or three years
before if you're starting from zero is going to be a two or three-year process
before
you gonna be able to buy a house and have no have good credit credit score to
do that
so I am in the definition of credit is of course
borrowing money in paying it back in so if you pay cash for everything in our
borrowing money
you're not building up credit score