Xavier Minor | Business CoachInstagram

The most hands on credit coach in the game🔥💰 #quecarter #creditcoach…

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TL;DR

Learn about different tiers of lenders and how to build your credit effectively using A-tier, B-tier, and C-tier strategies.

credit coaching strategiesA-tier lendersB-tier lendersC-tier lendersbuilding credit effectivelycredit score requirementsleveraging income for loanscredit union advantages

Chapters

  1. 0:00Introduction to Credit Tiers
    01
  2. 0:10Understanding A-tier Lenders
    02
  3. 0:30Exploring B-tier Lenders
    03
  4. 0:50C-tier Lenders Explained
    04
  5. 1:10Leveraging Income for Approval
    05
  6. 1:30Building Credibility with Lenders
    06

Transcript

0:00

Secondaries first, which are actual secondary lenders. So far, Lightstream, Lindio, Upgrade, Credibly, those. PenFed, Langley, DCU, KeyBank, Truist, TD, Huntington, those are credit unions. You're saying the exact opposite, as most people say. Exactly. Chase, BOA, Wells Fargo are big banks, hard lenders,

0:17

Chase, BOA, Wells Fargo are big banks, hard lenders, C-tier. Langley, PenFed, DCU, Huntington, KeyBank, Truist, TD, credit unions, B-tier. So far, Lightstream, Upgrade, Best Egg, XYZ,

0:32

So far, Lightstream, Upgrade, Best Egg, XYZ, A-tier, secondary lenders. Easiest people to get approved for, we need to get that first because we need to build with the B-tier. Once we got B-tier money, we use that to build with C-tier. With C-tier, you got to jump in the game $100,000 strong.

0:47

With C-tier, you got to jump in the game $100,000 strong. With B-tier, we need to have $25,000 plus. With A-tier, all we need is a 680 credit score, no increase, no late payments, make 5K a month. It's simple as that. And if you don't make 5K a month, you can still use the invoice service to increase your income.

1:02

It's simple as that. And if you don't make 5K a month, you can still use the invoice service to increase your income. If you make 2K a month, like I said, once that money deposit, only take out 80%. So that little 20% compound, we're gonna run that same money through the next week. We 10X our income on paper, go get some money. Take this money, leverage it, build with them.

1:18

Take this money, leverage it, build with them. After we build with them, we get some money from them. After we get some money from them, we can pay the first people back. That adds credibility. Now we can go work with C-tier. Do you do the same shit with them? Same shit with them. Let's start secured. Let's show them we got some money. Let's let some money seize in real quick.

1:32

Let's start secured. Let's show them we got some money. Let's let some money seize in real quick. Let's wait six months until we ask for some funding. $100,000 per bank. There go $300,000.

1:36

Let's wait six months until we ask for some funding. $100,000 per bank. There go $300,000.

1:39

$100,000 per bank. There go $300,000.

1:40

There go $300,000.

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