Antoine Sallis was rejected for a car loan because her credit score was 378.
About a decade later, he was a millionaire.
He repaired his credit and used debt to create wealth.
This test as told is based on a conversation with Antoine Sallisauthor of “The big secret of American credit: Part 2. “It was published for duration and clarity.
The best thing that happened to my finances seemed to be the worst possible thing at the time. I was at the end of the twenty, working as a sales representative at Teen Mobile. I was proud of this work and I felt like I was making movements. My next step was to Get a decent carBetter than cars of $ 300 in Craigslist that I had hunted in the past.
One day, I walked by a dealer with a sign that said: “Your work is your credit.” I took this to mean that as long as I had a job, I could get Approved for a loan. I already knew that I had to go to an indulgent place to get a car loan, but it seemed perfect. I didn’t think I had credit, but I definitely had a job.
To make the purchase even more than a slam dunk, I saved a deposit of $ 500 and chose the cheapest car in the lot, which cost $ 9,000. I walked to apply, filling the long paper application. I waited for about 20 minutes. Then, the sales representative came out, barely containing his laughter. He told me My credit scoring had 378 – so low that I was an exception to their rule, and they could not give me a loan despite my work.
I got out of there feeling discouraged. I had planned to hunt this lot. On my return by bus, I started Think of creditof which I knew nothing.
I had the vision of the tunnel and started learning everything I could on credit. I started with books and videos. Later, I called people who worked in finance, offering them $ 60 to answer my questions for 30 minutes.
I Clean my own creditWho started by understanding why it was so bad. Once I removed my credit report, I saw that I had unresolved accounts that I did not even know and student loans with late payments. I started paying my debts in time to build positive credit history. You have started to ask me to help them understand theirs soon.
As I learned more, I realized that credit could be an incredible tool. Once my The credit rating was betterI took loans to invest in real estate. Most people think the debt is bad. But I realized that the debt can give an opportunity: if you can contract a loan and triple your money during the lending time, it is a victory.
When I kissed this state of mind, things started to change quickly for me. I started one credit repair company And continued to invest in real estate. By 2020, my business was fine and I was a millionaire. Today, I am 42 years old and I am a multimillionaire with a 780 credit rating.
