The DebtStomp Code

#5 "Your Credit Rating: The Secrets Your Banker Doesn't Tell You" Part 1

If you want to know how a creditor decides to let you have a loan or not... If you want to know about how the information reported on your credit report affects you... If you want to know how to massively improve your credit rating whether it is presently good or not... ...this podcast episode is definitely for you. Scott Ryan will give you a behind-the-scenes look at what goes on with your credit information so you can avoid pitfalls and know the do's and don't's of establishing, building and maintaining an excellent credit rating. Scott has a unique perspective having been a top mortgage broker in the debt consolidation-elimination mortgage business for 30 years. Working in the trenches obtaining mortgages from the mortgage lenders for thousands of people with all types of credit, he learned the subtleties of how credit ratings and reporting affected his clients' ability to get the best one. When arranging these mortgages, he arranged his mortgage lenders into three tiers: 1. Prime lenders - banks, trust and insurance companies - lenders with the best rates, term and conditions. 2. Secondary lenders - Finance companies with looser guidelines for mortgage approval, but higher interest rates. 3. Private funds - or hard money, individual people who just want to make a better secure return on their investments than what is typically offered or realized in the typical investment markets. These three groups all serve an important function and, of course, have different lending guidelines which include the very important element of credit as reported in the three major credit reporting agencies. Scott will show what all this means to you in this, the first of a two-part podcast. In this Part One, he will cover...    - elements lender look at when considering your loan    - why good credit is important    - credit reporting agencies    - what is reported on CB    - permissions required    - hard vs soft pull    - what is good credit    - what is bad credit    - reasons bad credit happens Since credit is SO important in your life, you'll want the best credit you can get. Scott will show you how to do it easily starting with this foundational information which, he promises, won't be boring!

#4 "Do Not Make This One Mistake If You Must Miss A Mortgage Payment During This Coronavirus Pandemic - Or ANY Time."

There are many mistakes people make with their lenders when dealing with their financing... be it with ANY debt. But, this one is a big one with a mortgage though, and can hurt you severely if you don't handle this particular predicament correctly. I know I say "during this coronavirus pandemic", but this naive mistake can be costly to you at any time you are forced to miss a mortgage payment. I saw the results of this mistake on many occasions as Canada's Top Mortgage Broker for debt consolidation mortgages throughout my career - and it is not pretty. It can actually destroy people's financial lives. The information I reveal to you here can possibly save you from going into foreclosure and, ultimately, help you get the right financing for you to solve your immediate problem. Stay tuned for more great information to not only eliminating your debt but to all things regarding personal financing!

#3 "The 3 Mistakes You MUST Avoid When Paying Off Debts AND the BEST Method to Do So to Save Years and $1,000s of Cash in Interest Payments"

If you wish to pay off your debts fast and get yourself on the path to a great retirement, this podcast is for you. In this week's podcast, I cover 3 mistakes that you may be making when paying off your debts. If you are making them, you are falling prey to your creditors' plan to keep you on their debt hooks forever. You MUST stop this immediately! However, I won't leave you in the dark about exactly what to do because, additionally, I reveal one of the most powerful techniques to get rid of your debts fast. This method can reduce the time it takes to pay off all your debts, including your mortgage, in 1/3 or 1/2 the time of your present course of action - that is to say, the course your banker has you on. As a result of this ridiculously fast repayment time, you WILL save thousands if not tens of thousands of dollars of your cash over the lifetime of your debts. AND NOTE... this can be accomplished WITHOUT increasing your overall debt payments by one nickel. I know this sounds too good to be true. But, I promise you, as in ALL my podcasts, I will prove this to you - with simple arithmetic. If you are unaware of how to do this, don't miss this podcast. You'll thank me later!

#2 "How to Slash Your Credit Card Interest Rates by 5% to 12% in One Simple Phone Call..."

"How to Slash Your Credit Card Interest Rates by 5% to 12% in One Simple Phone Call..." With Social Distancing, Self Isolation and other physically restrictive measures going on during this Corona Virus pandemic, this is one self-improvement project we could easily dive into with little pain. It is critical to both obtain financing with the lowest interest rate you can get and reduce your existing interest rates on your credit cards. As the name of this Podcast implies, the more knowledge you have and the steps you take to eliminate debts out of your life, the more financially rewarding your life will be. Of course, by reducing the cost of your borrowing (ie - interest rates) just means you have more money to used to eliminate your debts faster. The amazing thing about applying the proper methods to doing so, is the elimination of your debts can be far faster than you ever imagined! This reduction can then be applied to reducing ALL your debt balances ridiculously fast... a plan of action we should all be following. In this episode, I reveal a script template you can use to talk to your credit card companies to reduce the interest rate on your credit card substantially... in just a few minutes! And ANYONE can do it. Sound too good to be true? Well... tune in to today's podcast with me, Scott Ryan at The DebtStomp Code.

Episode #1 Introduction to The DebtStomp Code

Hi Folks, I am Scott Ryan and I am starting this Podcast to reveal some little known techniques to help you to eliminate your debts...FAST... ...without bankruptcy or debt negotiation, etc. or any other credit rating devouring beasts. As a matter of fact, you will, at a minimum, keep your existing credit rating if it is already wonderful and, if your credit rating is not so hot, have it soar to great heights! In the upcoming episodes, I will show you how to eliminate your debts far faster than the course you are presently on. I mean really fast... without increasing your overall payments. I know it sounds unbelievable to some of you, but the methods are very simple and I will prove it to you by providing the math that accomplishes this. Don't worry... the math is easy... you'll see. Moreover, I will show you how to eliminate your debts fast and reduce your monthly payments at the same time. I was a debt consolidation mortgage specialist for 20 years and in the final years of that career, I was providing to my clients' plans and the strategies to implement them to, first, lower their monthly by hundreds if not thousands of dollars a month payments by consolidating as much of their debts possible with a mortgage and, secondly, take some of those savings and apply them back on their debts thereby blowing it all away amazingly fast. Yes... I know... sounds impossible, doesn't it? However, I will prove it in my podcasts. I promise. In addition to this extremely critical information, I will also give you as much debt-related information as humanly possible in the weeks and month coming: - how to get the best rates on your mortgage, car loans, lines of credit, credit cards, etc. - how to set up automated payments to implement your debt elimination strategy - what types of loans are better for you than others - mistakes to avoid when making an application to a lender - how to make your newly acquired system of borrowing work for you rather than allowing the creditors' system of enslaving you to benefit them. - be informed and sleep restfully knowing you have the ultimate financial debt structure working to annihilating your debts and building a retirement far better than you thought or planned - and, where I can, provide you with current news about financial happenings in the United States and Canada and how they can affect you - and on and on... Also, I promise to make this simple to understand. I stay away from industry lingo and, again, prove EVERYTHING with mathematics a 12-year-old child can understand. I've personally sat face-to-face, toe-to-toe with over 2,200 clients explaining their new mortgage to them and I never had any one of them walk away scratching their heads unable to understand what I said. I made sure they got it. Moreover, I want you folks to communicate with me. Please let me know what you would like to hear about. I would love this to be a two-way conversation. I plan to provide a ton of information in bite-sized pieces in my upcoming podcasts and I hope to see you there. I am just getting started and I as I get the hang of this podcasting, it will only get better and better for you. I promise it will be worth your time, so please stick with me! Thanks for doing so thus far! See you soon... Scott Ryan