Tier 5 Accounts Explained

Hello, and welcome to this module, tier five accounts explained. So at this point, we are ensuring the big boys. So we’ve started bridging that gap from the net 30 accounts to revolving accounts in tier four. And at this point we’re ready to start getting our part one revolving accounts here in tier five. So here’s what we’re going to cover. Number one, what tier five revolving accounts are, and the goal is the beginning of those $5k to $10k if not more, the tier five goals. And really we’re just gonna hop right in, because at this point you already are familiar with this process. It’s not, there’s no need for me to get too far in here. So number one, what we want to do is start applying for all of our tier five accounts once we meet these minimum requirements, at least we have eight tradelines reporting to Dun and Bradstreet, minimum eight, but at this point you’ll probably have about 15.

Also we have four trade lines reporting to Experian and Equifax, those ones that are reporting to Dun and Bradstreet. We’ve made at least three orders per vendor and paid on time early with those particular vendors. There’s no need for us to go back and make those additional orders. And then we at least have a $4,000 plus tradeline reporting on our credit file. Okay. And we’ve given this the ability to age on our credit. Now in tier five, what we’re going to be doing is we’re going to be applying for more revolving store credit and a few business cards, cash credit, and if possible, possibly a few net 30 accounts, but more so we’re going to be focusing on revolving store credit and cash credit. Okay. That’s our whole goal. And we have to make sure we meet the minimum requirements for the vendor in order to do that.

But we’ve been doing that with building up our credit file. Okay. So again, I want to make sure, you know, you understand that these vendors are going to have way more stricter guidelines, and they’re going to look at your everything in order to be approved for your credit card, with them or with your credit offer with them. Okay. Versus they’re going to be more stringent, but they’re going to be more flexible with the type of credit they offer you. Okay. So here’s the goals. Number one, we want to get 10 trade lines reporting minimum to Dun and Bradstreet in this particular goal. Okay. Then we also want to have six of those 10 reporting to Experian and Equifax. And then we want to make three orders per new vendor and pay on time. And early in.

Our goal is to secure at least a 7,000 plus trade line. Okay. So these are the goals. So we want to go out and at a minimum have 10 high-end cards, probably about 2021 after we’re done because our goal is to secure at least five additional tier five cards based on what we’ve already done in their previous modules. Okay. So take action. Go to the tier five credit vendor lists. I’m on one of the screens and we’ll pull it up and show you what that looks like. Actually, you know, I just want to give you the goals in this, then in the next module, I’m going to cover the account blueprint.