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CreditSecrets
7 Mar 202404:42

TLDRJay Hannon, a former credit industry insider, exposes three major credit score myths propagated by large credit companies that can lead to a struggle to achieve a score above 720. He offers a simple 5-minute trick discovered during his time in the industry, which he claims can significantly raise credit scores using a loophole in consumer credit laws. Hannon has helped over 833,000 people improve their scores with this method. The video shares testimonials of individuals who have successfully increased their scores by substantial margins, and encourages viewers to watch the special video at the provided link to learn more about the lies and the trick that can transform their financial lives.

Takeaways

  • 📈 Paying bills on time is not the only factor that raises your credit score; there are other major lies told by credit companies.
  • 🚫 Falling for these credit score lies can make achieving a score of 720 or above very difficult.
  • 🙅‍♂️ Over 153 million Americans may have been misled by these lies, which can negatively impact their credit scores.
  • 💡 The speaker, Jay Hannon, worked inside the credit industry for five years and saw people get taken advantage of by banks and credit card companies.
  • 🔍 Jay Hannon decided to expose three dangerous credit score lies and share a legal trick to improve credit scores.
  • ⏱️ The trick can be implemented in as little as 5 minutes from home and works regardless of your current credit score.
  • 🔓 The trick utilizes a little-known loophole in consumer credit laws, making it legally guaranteed to work.
  • 🚀 The trick can significantly boost credit scores in a short amount of time, even days.
  • 💌 Thousands of people have reportedly improved their financial lives by using the 5-minute credit score trick shared by Jay Hannon.
  • 📊 Scores have reportedly increased by significant amounts (e.g., 100+ points) after using the trick.
  • 🏡 The improved credit scores have enabled people to achieve financial goals like buying a house and getting better interest rates.

Q & A

  • What is the first major credit score lie mentioned in the script?

    -The first major credit score lie mentioned is that paying your bills on time raises your credit score.

  • What is the claim about the effect of falling for the three credit score lies?

    -Falling for the three credit score lies can make it nearly impossible to achieve a credit score of 720 or above and can even send your score in the wrong direction.

  • How many Americans are said to have a credit score below 720?

    -153 million Americans are said to have a credit score below 720.

  • What does Jay Hannon claim to have discovered that can help raise credit scores?

    -Jay Hannon claims to have discovered a little-known, 100% legal trick that can raise credit scores practically on command.

  • What is the condition for the trick to work, according to the script?

    -The trick takes advantage of a loophole written directly into the consumer credit laws, making it legally guaranteed to work.

  • How long does it take to start using the trick, as mentioned in the script?

    -The trick can be started using from the comfort of one's own home as soon as today, in as little as 5 minutes.

  • What is the impact of the trick on credit scores, as described in the script?

    -The trick can cause credit scores to soar, with some individuals reporting increases of over 100 points and the removal of negative accounts from their credit report.

  • What kind of results has the video had on people's financial lives, according to the testimonials?

    -The video has led to significant improvements in people's credit scores, enabling them to buy houses, get loans, and enjoy lower interest rates.

  • How many people has Jay Hannon helped to improve their scores using the 5-minute credit score trick?

    -Jay Hannon has helped more than 833,000 people improve their credit scores using the trick.

  • What is the claim about the effect of the trick on obtaining credit cards and loans?

    -The trick practically forces banks and lenders to provide all the credit cards, loans, and lines of credit needed at interest rates usually reserved for the wealthy.

  • What is the advice given to those who want to improve their credit scores?

    -The advice is to click the link provided and watch the special video that reveals the three major credit score lies and explains how to use the 5-minute credit score trick.

  • What is the main purpose of the video mentioned in the script?

    -The main purpose of the video is to expose the three major credit score lies and to show viewers how to use a simple trick to raise their credit scores faster than they ever thought possible.

Outlines

00:00

🚫 Credit Score Myths Debunked

This paragraph reveals that popular beliefs about credit scores, such as paying bills on time being the key to a high score, are actually lies propagated by large credit companies. The speaker, Jay Hannon, who has experience in the credit industry, aims to expose these myths and shares a legal trick he discovered that can significantly raise credit scores. He emphasizes that falling for these lies can lead to a struggle to achieve a score above 720 and even cause scores to plummet. Hannon offers to teach viewers how to avoid these pitfalls and improve their financial standing through a special video available via a provided link.

Mindmap

Keywords

💡Credit Score

A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness. It is used by banks and other lenders to evaluate the risk of lending money to an individual and to determine the interest rate on loans. In the video, the speaker discusses the misconceptions about credit scores and offers a trick to improve them, which is central to the video's theme of financial empowerment.

💡Paying Bills on Time

Paying bills on time refers to the practice of settling financial obligations, such as utility payments or loans, by their due dates. It is commonly believed to be a key factor in improving one's credit score. However, the video challenges this notion, suggesting that there are other factors that are more influential, which is a significant point in the narrative.

💡Credit Companies

Credit companies are organizations that provide credit reports and scores. They are depicted in the video as entities that may propagate certain 'lies' about credit scores, which the speaker aims to debunk. The role of these companies is critical to the video's message of revealing hidden truths about credit scores.

💡Credit Industry

The credit industry encompasses all the businesses and services related to the extension of credit, such as banks, credit card companies, and financial institutions that provide loans. The speaker claims to have worked inside this industry and uses this experience to expose the 'lies' and offer advice on improving credit scores.

💡Loophole

A loophole is an ambiguity or inadequacy in a system or set of rules that can be used to circumvent the law or achieve an advantage. In the context of the video, the speaker mentions a 'little-known loophole' in consumer credit laws that can be exploited to rapidly increase credit scores, which is presented as a key solution to the problem discussed.

💡Banks and Lenders

Banks and lenders are financial institutions that provide loans and credit to individuals and businesses. They are mentioned in the video as the entities that the speaker's 'trick' can influence, forcing them to offer credit cards, loans, and lines of credit at favorable interest rates, which is a significant promise in the video's pitch.

💡Interest Rates

Interest rates are the percentage of a loan that a lender charges for granting the use of their money. They are a critical factor in the cost of borrowing and are often determined by an individual's credit score. The video suggests that by improving one's credit score, one can secure loans at lower interest rates, which is a key incentive for viewers to follow the advice given.

💡Consumer Credit Laws

Consumer credit laws are the regulations that govern the extension of credit to consumers. The video implies that there is a legal loophole within these laws that can be used to one's advantage when it comes to improving credit scores. This is a key element of the video's narrative, as it positions the speaker's advice as not only effective but also legally sound.

💡Financial Empowerment

Financial empowerment refers to the process of gaining control over one's financial life and making informed decisions that improve one's financial well-being. The video's theme revolves around this concept, with the speaker offering a method to achieve it through the improvement of credit scores.

💡Credit Report

A credit report is a detailed document that lists an individual's credit history, including loans, credit cards, and other items that affect their credit score. The video mentions the removal of negative accounts from a credit report as a way to improve one's score, which is a practical example of the advice given.

💡Wealthy 1%

The term 'wealthy 1%' refers to the top one percent of households with the highest income or wealth. In the video, it is used to illustrate the potential benefits of having a high credit score, suggesting that by improving one's score, one can access the same favorable interest rates typically reserved for this affluent group.

Highlights

Paying your bills on time is a common myth that can affect your credit score.

There are three major credit score lies propagated by big credit companies.

Falling for these lies can make achieving a credit score of 720 and above extremely difficult.

Over 153 million Americans may have fallen for these credit score lies unknowingly.

The lies can send your credit score in the wrong direction if you believe them.

Jay Hannon, with five years of experience in the credit industry, exposes these lies.

A little-known and legal trick can raise your credit scores on command.

The trick can be used from home and takes only 5 minutes to boost credit scores.

The method takes advantage of a loophole in consumer credit laws.

The trick has been used by over 833,000 people to improve their credit scores.

It allows individuals to obtain credit cards, loans, and lines of credit at better interest rates.

The video provides a step-by-step guide on how to use the 5-minute credit score trick.

People have reported significant increases in their credit scores after using the trick.

The video has been viewed by over 2.42 million people and has a profound impact.

Individuals have removed negative accounts from their credit reports using this method.

The trick has helped people achieve credit scores in the high 700s and even 800s.

The video is a real blessing for those looking to improve their financial situation.

Clicking the link provided will take you to the special video revealing the trick.

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