ERA Credit Services

Month: May 2014

The Path to Success as an Entrepreneur

It is clear that some people are drawn to entrepreneur success. It’s in the nature, it’s in their blood. They like taking risk. It’s similar to those people that take physical risks with activities like rock climbing, parachuting, or hang gliding. But would someone in their right mind go rock climbing without instruction or the right equipment? Would they not want someone to first show them how it’s done safely to give them the best chance of success? Failure in those physical activities can have a disastrous outcome.

entrepreneur success

Failure as an entrepreneur won’t cause bodily harm or kill you, of course. In fact, many successful entrepreneurs have failed many times before getting it right. But if you can learn from someone that’s done exactly what you want to do (the same industry, the same services or products) wouldn’t it make sense to learn as much as you can from that person?

But where can you go to find someone that’s done exactly what you want to do and been immensely successful at it. And then, how do you convince them to teach you? Why would they want to do that? Wouldn’t they just be creating competition for themselves?

The only way that’s going to occur is inside a business model where that successful individual is monetarily and otherwise incentivized to teach you. Where they become even more successful by helping you duplicate what they’ve done. Moreover, what if you could find a business model where a training system has been set up so that the top producers in the company teach you exactly what they’ve done to achieve the success they’ve had.

Entrepreneur Success- Achieve It!

I’ve been very fortunate to find such a business model, such a company, such a training system. Prior to joining this company I had started a few businesses and either failed or achieved marginal success. Basically I was just paying my bills. Through a brilliantly designed system that I was able to follow I have achieved more success faster than I thought was possible for me. I had always seen a few over achievers become incredibly successful at what they did and thought they had some magic formula. Maybe they did. But I certainly didn’t.

Today I am able to follow in the footsteps of some of these over achievers and learn specifically what they did to get where they’re at. And, what’s truly amazing is that it is far more simple than I would have ever made it on my own.

For information about this system and this company contact me-


The High Cost of a Low Credit Score

A very good credit score is 720 or above. If you have this kind of score you still may want to increase it if you can to insure you are getting optimum credit opportunities and the lowest interest rates. However, the vast majority of people have a score of lower than 720. And, creditors love it! They simply make more money by being able to charge higher interest rates and deposits. This is when you experience the high cost of a low credit score.

Low Credit Scores and Mortgages The High Cost of a Low Credit Score

Regarding a home mortgage a small difference in the interest rate you pay can cost tens of thousands of dollars over the life of the loan. For example, on a $200,000 loan a 1.25% difference in the interest rate will cost about $1,800/year and $9,000 in 5 years. With a very good credit score a borrower could save as much as $250/mo, $3,000/year and $15,000 over 5 years in interest payments.

Low Credit Scores and Car Loans

A car loan is even more dramatic due to the wide range of interest rates being offered depending on credit score. Someone with stellar credit can get close to 0% interest or perhaps less than 2%. However, interest rates up to and over 20% can be charged to borrowers with credit scores as low as the 500’s. The difference on a car that costs $15,000 is dramatic. 2% interest on a $15,000 car loan is about $25/month while 20% is $250/month just in interest. This is another example of the high cost of a low credit score.

The High Cost of a Low Credit Score

A low credit score may also cause people to have to pay utility deposits and deposits on mobile phones while others with higher scores pay no deposits at all.

And a low credit score can cost people employment opportunities. Approximately 60% of employers now do some sort of credit check on applicants.

Did you also know that a lower credit score can, depending on your insurance company, cause higher premiums for auto and home owners insurance?

Know Your Rights! Get Derogatory Items Removed

Based on the high cost of a low credit score it is a smart move to see if your score can be increased by removing derogatory items such as erroneous and obsolete items. As well, it is possible to challenge other items on your report to see if the creditor can or will verify the accuracy of the item. If they cannot or choose not to, that item must by federal law be deleted from your credit report thus increasing your credit score.

Call us today at 727-222-0120 or visit ERA Credit Services