We always talk about the need to scale. We always talk about how important it is to move forward. In this episode, expect to learn the laws step by step and what to do when the credit bureaus act up.
You've got the keys to the kingdom of credit repair and can navigate the complex laws surrounding it like a pro. That's what our conversation with Michael and Dave, co-founders of Credit Team, promises to arm you with. Breaks down the fundamentals of improving credit scores, tackling non-compliant credit bureaus, and effectively filing complaints. We emphasize not the shortcuts, but the long, sure road to credit repair.
We also explore the power of communication, collaboration, and leadership in business, drawing from our military backgrounds. We discuss the role of YouTube in customer engagement and the importance of staying on top of analytics. As we navigate turbulent economic waters, we offer strategies for money management in times of inflation, accessing capital, and budgeting. All this while emphasizing the immense power of community building. Our enlightening chat with Michael and Dave is more than a crash course in credit—it's a holistic view of financial and business success.
👓 We at, "Friends With Businesses Podcast" is dedicated to helping you grow your business grow an abundant life.
Listen to our podcast and seize the opportunities to learn from successful entrepreneurs.
I'll provide you with the vital foundations so you can leave with solid strategies and increase your ROI. Join our FREE 💯 community for entrepreneurs! 👉🏾 https://bit.ly/3y0vGMY!"
Get booked as a guest: Go to this link - https://forms.gle/r89M3QC9QsvRm7vG7
We always talk about the need to scale. We always talk about how important it is to move forward. In this episode, expect to learn the laws step by step and what to do when the credit bureaus act up.
You've got the keys to the kingdom of credit repair and can navigate the complex laws surrounding it like a pro. That's what our conversation with Michael and Dave, co-founders of Credit Team, promises to arm you with. Breaks down the fundamentals of improving credit scores, tackling non-compliant credit bureaus, and effectively filing complaints. We emphasize not the shortcuts, but the long, sure road to credit repair.
We also explore the power of communication, collaboration, and leadership in business, drawing from our military backgrounds. We discuss the role of YouTube in customer engagement and the importance of staying on top of analytics. As we navigate turbulent economic waters, we offer strategies for money management in times of inflation, accessing capital, and budgeting. All this while emphasizing the immense power of community building. Our enlightening chat with Michael and Dave is more than a crash course in credit—it's a holistic view of financial and business success.
👓 We at, "Friends With Businesses Podcast" is dedicated to helping you grow your business grow an abundant life.
Listen to our podcast and seize the opportunities to learn from successful entrepreneurs.
I'll provide you with the vital foundations so you can leave with solid strategies and increase your ROI. Join our FREE 💯 community for entrepreneurs! 👉🏾 https://bit.ly/3y0vGMY!"
Get booked as a guest: Go to this link - https://forms.gle/r89M3QC9QsvRm7vG7
Speaker 1:
I need y'all to hit them up. They're giving this, they're showing you and setting the standard for what it takes to really build the credit, build the business. This is how again how the big boys work. If you follow those instructions, you've become his perfect customer. Welcome to Friends with Businesses. I'm the host, carl Gray, but I introduce you to my friends of businesses and we make sure that you benefit from it.
Speaker 2:
So, today I'm here with Michael, co-founding credit team.
Speaker 3:
They're here to co-found the credit team and we teach people how to knock the credit girls out step by step, and if you want to learn how to increase your credit score, this is easy. Oh, man.
Speaker 1:
So that's one thing. So tell the people exactly don't use sugar sauce away, but tell them exactly what they could expect if they meet. Come across your work with them.
Speaker 3:
Oh, you want to expect to learn the laws step by step and what to do when the credit girls act. This is better, yeah that's pretty much it. We talked about military backgrounds, so we build structure and once you find out that the credit girls are supposed to be structured a certain way.
Speaker 2:
It was a wrap after that.
Speaker 1:
Oh man, so look one thing that you said. Initially you talked about the laws. Right, you know, and law to me is very, very, very good. God has you. You know what I'm saying. You got to follow that it's a real trick one too. So you said you help people to learn those laws.
Speaker 1:
What we know is in our community there's always been a problem. You know when they get stuff from us. So what are you exposing our people to? From a knowledge standpoint? Because our people are destroyed for lack of knowledge. Right, and what it actually says is after that is because you don't know the law.
Speaker 3:
So this is specific for credit girls.
Speaker 3:
If they don't follow, you got to hold accountable If nobody is holding accountable, just like the police hold us accountable when we, uh, speed it, get that ticket. Hey, you know what she was doing. So like what type of laws we're talking about? 50 USC 1681. That specific procedure. Now you go to number eight. You send the letter out, the credit girls supposed to respond to you in 30 days. Sometimes they do, sometimes they don't. But if they don't and you got a certified track number saying that, hey, this thing got to the credit rules and they didn't respond to you in 30 days, you can file a complaint.
Speaker 3:
As long as you have evidence, hey. No, he says she's safe, right, that'll work. No, so they got everything. Once you document everything, say hey, I said this went around. They didn't respond. I asked them to investigate these accounts. They didn't respond back in 30 days. Please account. Here's my evidence. I filed a complaint.
Speaker 2:
Upload the evidence and things are coming off Now.
Speaker 3:
sometimes it'll come off the first time, but as long as you continue putting it into work.
Speaker 2:
Yeah, I think one of the most important parts is, if they do not call it a while, who do you talk to? It's a government agency called the CFPB, the similar protection financial bureau. So you can just follow the plan some go play. Or you can go to your state's attorney general. They always want to get elected, so you know they do the little.
Speaker 1:
Right right.
Speaker 2:
So now you've got your documentation that they did not respond. Now what? Who's going to hold the McConnell Board? And for the longest time I think people didn't know who to hold them account. Because once you send the letters or you hire a company and they send the letters, you're like I didn't get no results. Well, we always say no results. It doesn't result If they don't respond. That's a result. You just got to know what to do.
Speaker 1:
The most important thing to know is because you know so many programs that we've heard of we've seen. You know we're not the father of the names on the paper. They're very letter based and I guess that's just step one. So the other steps after that and we just don't know. We're like I just keep sending letters. I keep sending letters. Can I say so?
Speaker 2:
Hold on, I got to say it, a lot of people treat credit repair like I'm side business, right, so you'll see somebody doing tour. Or they say, hey, join my tour, of course, and fix your credit. Hey, join my Airbnb course, fix your credit, join my discourse and fix your credit. Well, what you learned about credit was the surface level, and then so many people were getting results. It's kind of like you know, if you swankin' a baseball bat with one hand and you get a home run, is that the proper way to do it? No, but you saw it done a million times. I'm gonna just get up there and you know, try Right, the fundamentals are to go through the complete law, but because people are getting results at such a past rate, you think that's not a new standard, which it never was.
Speaker 1:
I just said, everybody I've talked to has talked about standards Like that's crazy. Everybody I've talked to has talked about standards in one way or another and I think that needs to be in our community, our neighborhood standard, not establishing the right standards, you know, and we're talking heavily about law, you know, and, like I said, you know, go back to scripture. It did take a minute, so we wanna stop at number three, like some people skip number four. You know what I'm saying.
Speaker 1:
So you know it's like, but people are thinking about that. So my pocket is primarily for entrepreneurs, so business people. So does this work for business credit as well, or is it?
Speaker 3:
So, people on business credit, we teach people to fix it in personal credit. Right, because if you really want capital, the quickest way to get capital is fixing your personal credit and get it above a 700. Once you get it above a 700, you already have the LOC. Create your relationship with the bank Now. Once your credit score is above it, now you can go get money. But, most importantly, if you get money from that bank, there are three other banks that pull that specific credit bill to get you $100,000 as their percent interest. So you gotta fix your credit. Credit is key. Credit is credibility. If you don't got credibility, why would the bank lend you money?
Speaker 1:
Well, it's the same way in the real world you can't trust the word, they can't trust the word.
Speaker 2:
So, yeah, a lot of people are trying to figure out the way around to pay that score and stuff like that, but that's just gonna take too long. I don't wanna spend a year building up a store credit. You can't go in the bank and get a store credit. They're like nah, we owe it All for the lines of credit here, sir. So when we tell people like, okay, cool, well, do you want to spend a year?
Speaker 2:
Let's just say a year because we love to tell people six months or whatever. Let's keep it a bug. Just say a year because it's gonna be fixed before a year. But if I set that standard at a year and you're not willing to do it, I already know what type of person you are.
Speaker 1:
Right.
Speaker 2:
If you don't have any patients, I'm not going to help you get back into that situation.
Speaker 3:
So once you tell them that, yeah, the standard is like you said also, people go and collaborate.
Speaker 2:
Oh, now I was going to with the business credit piece, because business credit is like your business. Is your baby right? Yeah, your baby needs to need a car. You're going to cosign for it? Go ahead and do it. But with business you can have as many babies as you want.
Speaker 1:
Yeah.
Speaker 2:
So you can cosign as many times you want for different LLCs. I got four credit cards from Chase, same credit card for different LLCs. They pull experience, they pull Equifax and sometimes Transgene, but once they pull my experience it's going to automatically get approved. So now my bank are like hey, you need more credit.
Speaker 1:
I'm like I don't need more credit.
Speaker 2:
And then once you can get past and I'm talking to the audience once you can get past the part about fixing your credit and then personal guaranteeing on your business, then you can start doing this stuff like trust and stuff like that, like we had no idea. We were like, hey, we want to trust and the guy was like, okay, cool, what's your parent company? Cool, like how y'all paying yourself? So the same thing we use to hide our money is the same way we go to get business credit. Just once our company pays us our money, it goes to our escorts. Our escorts are LLCs. So we got his corporation, I got more corporations, we got different business bank accounts that we pay each other in Like man, it's so fun, man, once you get out to the need of greed, but let's keep your you can ask the next question no, no, no, no.
Speaker 1:
So this is what I want. So, as I said before, I didn't tell you exactly how and why I started my business. It's because, through my years of consulting, so I used to work for the largest minority consultant firm in the country at the time, and so I actually got the opportunity to be like controls, testing and things.
Speaker 1:
Places like you know, Mary, these things are the United States Treasury. You know some of the largest companies in the world and one thing that I noticed that there are so many things that they have implemented. We don't even they don't, do we not do we don't know exist. So when you're talking about this type of stuff, this is what I want to expose to. This is why I started my business in in launch with Carl, where I'm helping the launch start growing scale businesses using the methodologies are very unconventional to us, but it's what everybody else does.
Speaker 1:
You know. So, when you talk about these type of plays like this is, I mean, it's not even a play, it's just, it's a methodology, it's a lot. It's our new standard. If we let it be, you see what I'm saying. Well, we're creating a standard for say, hey, yes, it may take a little bit long, it's going to take a little bit more discipline, it's going to take a little more structure, but it's really what we need. We're not. We're not. I'll be real. We're not negative, we're getting this done.
Speaker 2:
Yes, hey, we're not, we're not. Time is going past, brother, you do it enough.
Speaker 3:
We're not going to right, we're not going to take on this anymore.
Speaker 1:
It's like let's fix it so that when our kids come along and they're ready to start something, they're not starting something that's unfamiliar to them. It's what's been set in place, because that's what's happened. That's what happened with generations is, whatever they saw their parents and their grandparents do, they're constantly out there.
Speaker 1:
That's what they're going to replicate. That's what they feel like it's supposed to be. Unfortunately, that started to go down. It's time for us to bring it up. So when you start talking about I'm like you're not saying too much, you are you. You educate me, number one. You're educating my audience Number two, and you're helping to set a new standard of setting up business, of setting up credit, of how we conduct ourselves in this new entrepreneurial society that we're building, in this new Black Wall Street for the 21st century. That has to grow and we got. If we're going to call ourselves Black Wall Street, we better start doing what Wall Street does.
Speaker 2:
Sure, I love it. So let's tell me, you know, like man.
Speaker 1:
So how do people get in contact with y'all?
Speaker 3:
How about YouTube? Yeah, yeah we practice, yeah, so best thing is like go ahead.
Speaker 2:
Oh, we practice one, one channel, one product. A lot of people see YouTube as a platform for long-form videos, but really they got like community tabs and stuff. So we really respond to our people. We make social media posts, like our Facebook posts or Instagram posts on YouTube. And people engage with it there, and that's that's the one we heavily monitor, because we track our analytics very. We like really scrutinize our analytics, yeah, so we're also on Instagram.
Speaker 3:
It's just like family pictures and stuff like that. Well, you know, people do hit us up about credit and stuff, but really just like take photos. Of course educate a little bit here and there, but they dozens we're going to change? It to the credit team, but you go. If you type the credit team, this pops up us anyways, because we had it at first and that has changed it.
Speaker 1:
So how do y'all?
Speaker 3:
know each other. Oh military, oh nice, I was just no player. Yeah, he was a boss. I was a boss Without the player we like, yeah it was.
Speaker 2:
Thank you for your service first of all. Oh, thanks for being here.
Speaker 3:
Thank you.
Speaker 2:
Working with others, it was fun it was like man, he was the first person. I know that Because I was a I'm a giving person. Right, I love to give, and if you don't give back, then I know what our relationship is. You know what I'm saying. So when I give to people and they give back, I'm like OK, cool, we can coexist Right. And if I challenge you and you challenge me back, oh, that's even better.
Speaker 2:
So I'm like OK, cool, so we really had a goal, and I don't know what I'm saying. They was like trying to be a captain, I was just trying to be in the name and then as leaders, we can't help. But when you see somebody saying something wrong, doing something wrong, you can't help. But just to say something. And that's just in me, right, and I thought it was like a flaw, but really it wasn't. I was just in the wrong spot. So I was chasing Dave and what happened was I ended up being better than everybody else. Yeah, I'm saying I was better than everybody else Because Dave said to stand. Oh, dang, that's cool. Dave said to stand there. So Dave got what we call MAP, which is one of the best things you can do in the woods. You're so good you don't got to take no tests or nothing. I'm working to make great. Dave said to stand there and say hey, come follow me. Actually, he told like what? By nine of us?
Speaker 3:
Yeah, I got like four or five people MAP based off of what I'm information on, though, so I told you to plug the work. What are we doing?
Speaker 2:
So the same thing. He was like OK, bro, these are instructions. We went into the instructions. In the military it's called instructions Right. So he's like hey, based on your pay grade, you're supposed to be doing this work, but based upon the next pay grade, you're supposed to be doing this work. So I was working above my pay grade but Dave went on deployment kind of left me hanging.
Speaker 2:
And then they said these magic words to me hey, dave, I'm here to protect you now and I'm like what is that supposed to mean? And then I wasn't getting the result I want. And then I talked to Dave again. I'm like, bro, they really planned with you, because at the time I was putting what 12 hours? Because Dave was doing 12 hours, not 12, about 12 or 10 hours every day for like three years. So I'm like I'm going to do it for a year and then I didn't get my result. So it's only one thing to do Do it for another year. I didn't get my result and I was like I could be doing this for myself. And then I did. But then that's when we got locked in. We met in the military. We really got locked in because he was the only person I know that could outwork me. But after that we started. You want to tell them about the books the books, mr Collins.
Speaker 3:
Oh yeah. So my goal was to be a captain and this guy was like hey, in order for me to talk to you, you got to read these three books. Rich Dad for that. Seekers of a Millionaire Mug, automatic Millionaire, I thought, read those books. I didn't want to be a captain of the books, I wanted to have a business, start a real estate, make some money Be a millionaire, right, right, just a journey and I was like I just got to hit some investment properties.
Speaker 3:
I heard Mike, he talked about it, he bought us first off. Let me get my first house and I can rent it out later Because I'm going to be in the military. And then step you on that journey, and then my credit was trash and that's what got us on to fix it. I fixed my credit, got other people in the started.
Speaker 3:
But, my goal was to do real estate. I didn't think about it, I posted it. Everybody asked questions. I didn't think he could start his business until he found out he could start a business in the credit and that's how we began to get it and started.
Speaker 2:
Hey man, I was just doing anything Because I used to say this a lot. I was just happy to be there.
Speaker 2:
You know what I'm saying. I'm happy to be here, I'm about to go get a house. Got the house and I was like I wonder, can I put $100,000 out of the bank? And when I did it, that's when Dave reached out to me, because we worked together but we weren't really boys like that. Dave had his crew and I had my little clique you know what I'm saying and we was having fun. But then when I put $100,000 out, I thought everybody would be happy.
Speaker 3:
I think I'm only pressing that car like how'd you do it?
Speaker 2:
Everybody saw it, but nobody did it. I played some Kodak Black and I said I want to, cannot throw 100 straight for this song. And two songs played and I was still flicking hundreds out my hand and Dave was like, bro, that money can't be real. I said, okay, cool, let's go to another bank and I'm gonna do it again, but this time I put out 40 and Dave did come to the bank with me but all I had was I thought I was gonna do a Jerry Barney money. I was like right, I was like yeah, and I was like, oh my God.
Speaker 2:
And then, you know, luckily, I took, I put the money back and I took a HELOC on my house that I bought and I ended up using that HELOC by my second property in South Carolina cash free cash, straight cash and I started renting it out and I'm like, oh, this is it. And then we did everything to get it to real estate, not knowing what we did with credit and the money that was pulling out the bank was like money, people were looking for it, but we were military, so we were like, man, we good, we don't need that much money.
Speaker 2:
We just want the asset.
Speaker 3:
Look, that's how it all started. That's the journey.
Speaker 1:
Nah, that's real, that necessity being the mother invention, and then the fact that you know, like you said, somebody y'all work together already. You know they say it's easier to get a friend out of business to get business out of a friend.
Speaker 1:
Oh, but no, but nah, man, I'm loving the story. I need y'all to hit them up. They're giving this, they're showing you and setting the standard for what it takes to really build the credit, build the business. This is how again how the big boys work. I'm trying to tell you. Look at these publicly traded companies and you can see the financial importance. See how much is sitting in credit. See how much when they go and they buy an asset, even if they have the money in the bank, they will still pull out loans. They will still have other ways, as they call it creative financing. Don't be afraid of it. It's definitely. If you're doing it the right way, if you're following the laws, it's fine. But the first thing we gotta do is fix our own credit. So hit them up. They're on YouTube, find them. Can I give them a?
Speaker 3:
process. Please do so. Step one, the first thing you wanna do is just face your prayer, actually look at your prayer before it. Most people just don't even look at it. So analyze it, go to identity, iq kind of link whatever, and look at experience you and that let's see what's holding you back. Step number two we all know that personal information messed up, so you wanna clean that up. It's all attached to that, so clean that up you gonna see misspelled names, but some addresses, phone numbers your spouse, your girlfriend, somebody else on there.
Speaker 3:
that ain't supposed to be on there. You wanna clean that up? And my favorite part is like freezing the snitches right Say snitches Lexus and Lexus Corralata Sateria Intervitz. All these people is telling on you, right, you wanna knock them out as well, so freeze them and knock them out.
Speaker 3:
Step number four you just wanna set the credit brills up. You gotta set them up, tell them to investigate all these negative accounts. Two things is gonna happen, Actually three. Either that's gonna get deleted they ain't gonna respond to you, or the credit brills is gonna say it's verified and based off of that, that's when you come back to the channel, we gonna show you which lot you gonna come out Sit.
Speaker 1:
Y'all, it's for standing. This set the state he actually just gave you the entire process he's created. Y'all know I talk about the perfect customer all the time. If you follow those instructions, you've become his perfect customer. So you've made it easy for him to help you, made easy for both of them to help you get your results. So follow those simple instructions. If you have any problems, follow those simple instructions, it's okay.
Speaker 3:
Still, reach out, Might have to pay a little bit more but still reach out Everybody what you do after you get the credit score to a 700 above 700 above.
Speaker 2:
Who you doing next. What makes?
Speaker 3:
you go on first.
Speaker 2:
Bank I'm going first. Oh, you got to go to Chase, because Chase, uh, chase is like a pretty girl man, she's, she's, she hard to get. You know what I'm saying. So she got a little bougie because you get all those hard inquiries.
Speaker 3:
Yeah.
Speaker 2:
You get 524. 524, but you can't go back into Chase.
Speaker 2:
And then I go to local credit unions after that I know a lot of people say, go to, maybe fed, but I'll save that relationship because, um, most people, um, don't make a lot of money in that business or don't even know how to run a business when they're trying to get business credit. So you don't want to mess up a relationship with any family. And I say what? Once you can confidently say, like, if I put $2 in and get $4 out, then go to a bank like maybe federal, because then the relationship will be uh, everything. And that's the same thing what we did with Chase. Once we once we figured out okay, if they make this face on a YouTube video, it's going to go crazy.
Speaker 3:
That's 10 K.
Speaker 2:
If we put the color green in a video, that's another 10 K. If we put, if we don't put, no, uh, if we put uh, what is it the before and after? That's another 10 K on the YouTube video. And if we say this like once you get your business that down, then that's when you're supposed to go to business credit. But I didn't really want to talk about it too much because I don't like.
Speaker 3:
No, I'll say like after you do, just search that because you know you got business, so this is a business. So, after you get your credit fixed, now you go to these banks, go to this bank, go to this bank, go to this bank, get this money, but make sure you use the money properly to invest in your business so you can grow it.
Speaker 2:
And you know it's crazy that you remember I said your LSEs are your babies and you create more. Once you, once you know which three banks to go to, you create another LSE and go to those same three banks again.
Speaker 1:
Y'all. We always talk about the need to scale. We always talk about how important it is to move forward. Yes, of course you can try to get another product, try to go to the same people, but if you can spend other people's money and build on it and I tell you all this I don't care what the interest rate is. As long as your return every month beats what you're paying, you're good. But they're telling you how the interest rate can be low, even in the midst of inflation. Yo, I'm all I'm saying is find them right now, get this done. Like I'm going to have to change the podcast schedule because this has to come out early. Like if I kept on schedule, this wouldn't come out till September. That's too long. So y'all can expect to see. I don't know how to do a special drop or whatever but this is coming out early.
Speaker 1:
You're going to see it before the end of the summer, because y'all have to see this. Reach out to these brothers. Not only that, I need y'all to comment below, I need y'all to share this, I need y'all to blast this everywhere, because this is something that, again, is building the community of businesses. Let's rise the tide to float all boats. What's up, can I?
Speaker 2:
make a boat. Stay, please do. Hey, man, look. Don't even subscribe to our channel until you look at the videos and we tell you something that you didn't know. And if we didn't tell you something that you didn't know, you don't have to subscribe. We can just come and get the information and you can take a plate.
Speaker 1:
Stand by that. So let's say one more time the exact address to go to on YouTube. To the closer fans.
Speaker 3:
Dave Cousins, you're going to follow me on P1.
Speaker 1:
Look up Dave Cousins. Right now. I'm stopping it right now. Go do it. I ain't saying nothing else. I told y'all, when I get my friends with businesses, y'all benefit.
