It Takes Unconventional Measures

Client—“I need to get mortgage approved right away. But my credit score is 590 which is 30 points low according to other lenders.”

Lender—“I have a secret weapon to boost your score. Are you ready to get it done by untraditional measures?”

Client—“Of course, I just need to get this done. What do I have to do?”

Lender—“Okay visit www.getnewcreditline.com and sign up for $5,000 credit limit with $100 balance” the account will boost your score in thirty days or less

Client—“What type of credit line is this?”

Lender—“It’s a merchant account that allows you to buy books online and improve your credit score quickly”

Client—“But I don’t read books. So can I apply for a traditional or secured VISA or Mastercard?”

Lender—“Of course but I thought you wanted to get it done in 45 days or less”

Client—“I do but I would prefer to go with as secured VISA or Mastercard, you know a more reputable source..”

Lender—“Okay, call me back in thirty days to see if the $300 balance from Visa helped boost your score”

Client—“I need this done in 45 days or less. There’s a home I have under contract”

Lender—“Okay but since you don’t read books, and you prefer a Visa or Mastercard with a $300 credit line. I suggest you open the account and call me back to repull credit next month.

Client— (SILENCE)

Lender—“Hello, hello, are you still there?”

Client—“Yes, but I’m not sure about this www.getnewcreditline.com

Lender— Well since you have never heard of merchant accounts before. I need you to do what you “think” is best


The purpose of this post was to show you how we talk ourselves out of moving forward, due to lack of knowledge. I really wish this client did read books but our purpose for using www.getnewcreditline.com is to immediately raise credit scores so you can purchase a home. A home, that pays $8,000 before April 30th, provides excellent tax breaks, and the overall pride of homeownership. Then she can sit at her home and watch TV all day and never read book again in her life…

So Do You Want To Own a Home or Not?

Watch this short clip to make sure you are moving in the right direction



Don't hesitate to contact me for more information at 703-497-3936 for your free consultation.


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Markita Aldridge-Woods is a mortgage banker that is passionate about helping clients reach their goal of home-ownership. Visit website at www.queenofmortagages.com or call (703) 497-3936.

Foreclosures Purchase Process Video Shows Exactly How It Works

This video shows you what Agents and buyers must do to make an offer an a foreclosed property these days! This is a funny three minute clip but it really does relay how the foreclosure process has been working behind the scenes. The video features the robot Joe Citizen posing questions he would be asking his Buyer Agent and the "Foreclosure Specialist" listing agent robot is giving answers that are, exaggerations but really are based in fact on the truth. Just because it is a foreclosure does not mean it is always a great deal....

Quickest Way to Improve Credit Score (w/o paying off one negative item)

If there is one question I’m asked by consumers more than any other question about credit, it is “What is the quickest way to improve my credit score?” My answer is always the same, “how much do you want to raise it?”

If you wish to increase your score from 580 to 620 then your strategy will be very different from someone wanting to go from 670 to 725. Why? Because your starting point is different, it requires a different approach. While the removal of negative items from a report will almost always lead to an increase in score, it’s still a very basic concept at best and typically never leads to the increase score most are seeking.

Believe or not, improving your credit score could be as easy as adding new revolving credit. Of course there are several credit cards available to get you back in “financial trouble” or secured/credit accounts that don’t add any value to your credit score. The most effective tool to increase credit limits and decrease debt to credit ratios (two major factors of credit score) is the use of online merchandise cards or credit lines that report to at least one or more of the three major credit bureaus.

I recommend subprime merchandise cards. Unfortunately this is the most misunderstood card in the industry so most people shy away from use…which is a huge mistake if your goal is to increase your score specifically for the purpose of purchasing a home. The merchandise credit lines typically report high credit limits with low balances and the approval is guaranteed. Sound like a scam…if you say “yes” like everyone else you are missing the point and the opportunity to get out of credit prison. This technique is hard to beat based cost and effectiveness. If you add a secured credit card for the same cost, you do not get the bang for your buck because it will only increase available credit by $300. Which may be okay if your strategy is to raise your credit scores over the next six months versus the next 30 to 60 days, Basically a revolving credit line that reports to two of the three major bureaus, gives you a high credit limit, but it also gives you the security of a “secured card” by allowing only to finance a set amount (keeps you out of trouble) For more information on this secret weapon email me at markita@weststarmortgage.com or visit www.getnewcreditline.com to sign up.

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Markita Aldridge-Woods is a mortgage banker that is passionate about helping clients get out of credit prison. Visit website at www.queenofmortagages.com or call (703) 497-3936.