by Afiya J. Watkins
Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television and radio personality, and the author of numerous books. In this YouTube video she discusses principles from her book Perfect Credit: 7 Steps to a Great Credit Rating that will help the average consumer boost their FICO score.
Perfect Credit is the definitive guide to getting and keeping outstanding credit and Lynette wants you to think of this book as a step-by-step roadmap for anyone hoping to establish picture-perfect credit, make improvements to have stellar credit, or simply maintain a fantastic credit standing. For most, this is an important part of financial independence and creating the leverage needed to lead a financially healthy lifestyle. In addition to the obvious inquirers, credit scores are routinely pulled by employers and even insurance companies as a tool for determining how responsible a person is. A sub-par score can have far-reaching consequences for most.
Right now, approximately 220 million Americans have credit files maintained by the “Big Three” credit bureaus: Equifax, Experian, and TransUnion. Of those individuals, about 40 million Americans (roughly 1 out of 5), have very poor credit, or “deep subprime scores,” according to Experian. Another 50 million adults in the U.S. have no credit files – either because they’ve never used traditional forms of credit, or because their credit files are “too thin” to generate a credit score. According to Khalfani-Cox, Perfect Credit offers all these consumers an easy-to-follow blueprint on how to get superb credit – and how to sidestep numerous credit traps and pitfalls along the way.
Khalfani-Cox doesn’t just preach the concept of perfect credit, she also lives it and is uniquely qualified to help clients and readers manage their debt after having eliminated $100,000 in credit card debt, before paying it all off in three years and turning her financial life around. She is truly inspirational.
Lynette Khalfani-Cox is also author of the bestseller Zero Debt: The Ultimate Guide to Financial Freedom and is an award-winning financial news journalist and former Wall Street Journal reporter for CNBC. She has been featured in top newspapers including the Washington Post, USA Today, and the New York Times, as well as magazines ranging from Essence and Redbook to Black Enterprise and Smart Money.
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