• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Personal Profitability Logo 2016

Personal Profitability

Personal finance for hustlers and entrepreneurs

  • Start Here
  • About
    • Personal Profitability Bootcamp
    • Create Your Website in 5 Minutes!
    • Profitability Resources
    • Media & Interviews
  • eBooks
    • The Personal Profitability Complete Beginner’s Guide to Personal Finance
    • Personal Finance Arsenal eBook
  • Blog
    • Income Reports
  • Podcast
  • YouTube
  • Contact / Work With Me
    • Profitability Coaching

PPP043: I’m David Rubenstein and I Can Help With Your Credit

November 10, 2016 by Eric Rosenberg

Pin8
Share7
Share1
More
Tweet
16 Shares
https://media.blubrry.com/personalprofitability/p/dts.podtrac.com/redirect.mp3/pp-podcastfiles.s3.us-east-2.amazonaws.com/PPP043.mp3

Podcast: Play in new window | Download (Duration: 46:56 — 43.0MB)

Subscribe: Google Podcasts | Stitcher | Email | TuneIn | RSS | More

David Rubenstein started his career as a big firm lawyer, but decided that life wasn’t for him. He now works for himself and also runs a credit and credit card forum thanks to a longtime love for personal finance. Learn how he escaped the 9-5 life and got started with his credit forums side hustle in this week’s episode of the Personal Profitability Podcast.

I'm David Rubenstein and I Can Help WIth Your Credit - PersonalProfitability.comResources Mentioned

  • Google Fi
  • Google Fiber
  • FinCon
  • QuickBooks
  • Mint
  • Personal Capital
  • YNAB
  • Yes I Am Cheap
  • Fannie Mae
  • CFPB

Connect with David Rubenstein

CreditForums.com : Where forum members talk about improving credit, identity theft, managing debt, credit cards, and whimsical stuff.
CreditShout.com : Where we post credit card reviews, advice on choosing cards and maxing out rewards, how credit works, saving money, and how to take control of your finances.
Facebook: We can be found at https://www.facebook.com/creditforums/ for Facebook.

Getting a Mortgage with a Thin Credit History

Following up with my friend Doug, he said that mortgage underwriters need a credit score for everyone. But when you have a thin file, they take a manual approach and look to alternate reports for payment history to help produce a credit file and score.
Based on that, I would not pay to have rent or utilities reported to the major credit bureaus if I wanted to build credit for a mortgage.
He did recommend that anyone recovering from a credit event (bankruptcy, etc.) or just not having credit should get a secured credit card (he likes Capital One) and one or two department store cards (Macy, Sears). Use the secure card to make a few purchases every month (they can be small) and then pay in full. Use the department store cards only when you open them to take advantage of the discount and any interest free financing. Doing that should build a good credit file and score in a few months.
I'm David Rubenstein and I Can Help WIth Your Credit - PersonalProfitability.com

Related

Pin8
Share7
Share1
More
Tweet
16 Shares

Filed Under: Budgeting, Career, Credit, Debt Management, Personal Profitability Podcast, Side Hustle

About Eric Rosenberg

Eric is the founder and editor of Personal Profitability. He left his corporate finance job in 2016 to take his online side hustle full-time and now earns a six-figure online income.

Get the free Personal Profitability Playbook Instantly

Enter your first name and email address to get your free download and join the Personal Profitability Community.

Reader Interactions

Comments

  1. Millennial Money says

    November 28, 2016 at 5:09 pm

    People need all the help they can get on Mortgages. Thank you for offering your services to the public. Have a long and fruitful career.

Primary Sidebar

Connect with Me!

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Join the Email List

This field is for validation purposes and should be left unchanged.

Subscribe to the Podcast!

Apple PodcastsGoogle PodcastsAndroidby EmailRSSMore Subscribe Options

Subscribe to get on the path to Personal Profitability

  • Bootcamp
  • Podcast
  • YouTube

I started a little side hustle blog in 2008, and left my full-time day job as a Senior Financial Analyst to turn my side hustle into a full-time gig. Learn how I did it so you can build your side hustle. It all starts with the first dollar.

Copyright © 2022 · Narrow Bridge Media, Inc. · All Rights Reserved

Go to mobile version
 

Loading Comments...
 

You must be logged in to post a comment.