How to Establish AAA-1 Credit in Just 45 Days

What does wealth mean to you? For many, it's a pile of $100 bills, but true wealth isn’t about cash. Most millionaires rarely carry cash; in fact, they might struggle to tip a valet at their country club.

You might wonder: if a millionaire doesn’t have cash on hand, how do they access the best service at exclusive stores, restaurants, and clubs? The answer is simple: CREDIT. To everyone around them, their actions imply access to cash at any moment. Their signature holds immense value, eliminating the need for physical money.

Would you like to enjoy that same level of creditworthiness? Imagine having access to any credit card and nearly limitless funds at your fingertips. While many believe building a stellar credit reputation takes years of timely payments, I’m here to show you otherwise. You can achieve the perks of a millionaire’s credit profile in just 45 days, regardless of your current credit situation.

The best credit comes from banks, and now you can leverage their money to secure an AAA-1 credit rating across multiple institutions. To start this journey, you’ll need at least $500, but it’s possible with as little as $200. Here’s how the plan works.

Step 1: Open a Savings Account

Start by taking your $500 to your preferred bank and open a savings account. Give it about three days to ensure your account is active. After that, apply for a $500 loan, offering your savings account as collateral. The loan officer will likely approve this quickly since the bank faces minimal risk. Because you’re using your savings as collateral, there won’t be any credit checks or inquiries. Consider choosing a bank that offers a premium or incentive for opening an account—it can only help!

Step 2: Leverage Multiple Banks

Now you have $500 earning interest in your savings account and another $500 in hand. While the initial $500 is tied up as collateral, this won’t affect your next steps. Head to a second bank and open another savings account with the same $500. Wait another three days, then return to the loan officer to arrange another $500 loan, again using your new savings account as collateral. Repeat this process with at least three other banks. While you can approach as many banks as you like, starting with five is a smart strategy. You can always return to other banks later if needed, but you likely won’t have to!

Step 3: Open a Checking Account and Make Payments

Once you've opened savings accounts and secured loans at five different banks, take the $500 from the last bank and open a checking account at any bank of your choice. Wait three days to ensure it’s operational, then begin writing repayment checks to the five banks where you have loans. Make a full monthly payment to each bank, then repeat this with another full payment a week later. Following this plan, you’ll have all your loans paid off in about 45 days. As you make payments, an equal amount will be “unfrozen” in your savings accounts, which you can transfer to your checking account for extra payments if needed.

Regardless of your previous credit rating, you’ll now have five excellent credit references. After just three timely payments, the banks will likely approve you for future signature loans and grant you a AAA-1 credit rating recognized by credit agencies.

Helpful Tips for Your Credit Plan:

1. Bring Proof of Collateral: Always take your savings account book or a printout of your account when applying for loans. You may need to show proof of collateral and might have to submit the savings documents to the loan officer.

2. Negotiate Loan Terms: Aim for a repayment schedule of at least nine months for each loan, even though you’ll pay them off much sooner.

The interest earned on your savings account will help offset much of the interest on the loans, meaning you’ll pay a minimal price for an excellent credit rating. Once you’ve established this credit profile, applying for credit and bank cards will become much easier, and you won’t have to worry about being turned down. Remember, you’re backed by the most important reference of all: the banks! This includes even the harder-to-get cards like American Express or Diner's Club.

The interest earned on your savings account will help offset much of the interest on your bank loans, allowing you to pay a minimal amount for a fantastic credit rating. Once you’ve followed this plan and established yourself in the credit world, applying for credit and bank cards will be worry-free. You’ll have the backing of the most valuable reference—banks! Even prestigious cards like American Express or Diner's Club should be within your reach. You can secure signature loans with just 24 hours' notice from any of the banks involved in your plan, all achieved in as little as 45 days! Just remember to maintain your excellent credit profile moving forward.

Written by: ~ @AskForCorey ~