Passive Real Estate Investing TBT: How to Build a Powerful Credit Profile
Apr 25, 2025
Merrill Chandler, CEO and chief strategist at CreditSense with over 21 years in credit restoration, discusses the profound impact of credit scores and profiles on various financial aspects. He breaks down the distinction between the two and emphasizes their significance in securing loans, rental properties, and better insurance rates. Listeners learn actionable strategies for effectively managing credit, common mistakes to avoid, and the financial gains of maintaining a robust credit profile, especially for real estate investors.
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Credit Profile Influences Many Areas
- Your credit profile affects more than loans; it impacts insurance premiums and rental approvals.
- Business lines of credit for real estate can depend heavily on your credit profile, not just score.
Merrill's Credit Journey
- Merrill Chandler co-founded Lexington Law and used his experience to reverse-engineer the FICO algorithm.
- He met with FICO's CEO and teams to deepen his understanding of credit and fundability.
Credit Profile vs. Credit Score
- Credit score and credit profile are different; credit repair alone can't achieve an 800+ profile.
- There are 40 credit characteristics, only 8 concerns negatives; the rest relate to positive behaviors.