Photo: Chayo Briggs
Q: Chayo Briggs what type of business services do you provide?
A: I am the president of Briggs & Lay Pro Incorporated and a highly successful Real Estate Investor for the last seventeen years. I am also an effective motivational speaker and published author. The key to my success lies in life experiences and developing exceptional skills to create passive income. I assist my clients in procuring their prosperous future and breaking the chains of financial distress.
Q: How do you help clients utilize your services who are skeptical when it comes to credit repair?
A: The basic concepts of credit stability are simple, but most people look at these topics like taboo, when in fact they are essential to becoming successful. Today, having just an average credit rating may not be enough. Employers are beginning to check credit history to make sure an employee is a good fit. Think of your credit score as a resume, your life history. It paints a clear example of what type of person you are in real life. I have over seventeen years experience in real estate, entrepreneurship and life coaching. One of the first topics discussed is a client’s credit rating because it will determine your next course of action. Something as simple as getting a place to live requires a credit history report. Therefore, I am committed to assisting people in understanding the importance of credit credibility.
Q: Please provide an example of how you help clients with serious credit issues?
A: It’s important to note that repairing bad credit takes time and there is no quick way to fix a credit score. In fact, out of all of the ways to improve a credit score, quick-fix efforts are the most likely to backfire, so beware of any advice that claims to improve your credit score fast. The best advice for rebuilding credit is to manage it responsibly over time. If you haven’t done that, then you need to repair your credit history before you see credit score improvement. The tips below will help you do that. They are divided up into categories based on the data used to calculate your credit score.
- Check Your Credit Report
- Setup Payment Reminders
- Reduce the Amount of Debt You Owe
- Pay your bills on time – Delinquent payments, even if only a few days late, and collections can have a major negative impact on your FICO Scores.
Q: In what ways do you help to make sure people who have used your services do not go back to their old credit habits?
A: Once you start accumulating credit, the most important thing to do is to keep control of it so you can achieve your financial goals without getting too far into debt. There are many benefits of having a good credit score, like enjoying a lower interest rate on your credit cards and loans. A good credit score also allows you to save money on insurance and security deposits on new utilities and cell phone service. It’s all about how you use credit that lets you keep a good score.
Know what goes into a good credit score. The more you know about what goes into your credit score, the easier it will be to maintain a good one. Five key pieces of information are used to calculate your credit score – your payments history, level of debt, credit age, mix of credit and recent credit.
Pay your bills on time- That goes for all your bills, not just your credit cards and loans. Timely payment is one of the best ways to establish yourself as a good credit risk to future lenders.
Q: What is the biggest misconception people have when it comes to working with credit repair specialists?
A: A credit repair specialist can not fix your credit over-night. The process takes time, and commitment to maintain a good credit resume. As a specialist, the only thing I can do is make suggestions and educate on the process to repair their credit. But, the final choice to fix credit issues falls on the client.
Q: How do you encourage people to check their credit scores to obtain a healthier relationship with finances?
A: There are numerous institutions that offer different ways to check credit scores, but the main objective is to check on a regular basis. I usually recommend once a month. Monitor changes and maintain a regular payment process.
Q: What advice do you have for parents to ensure their kids will not make the same credit mistakes?
A: If you’ve struggled to manage your credit in the past, you probably want to help your child avoid the same fate. But raising a credit-ready kid is harder than it might seem — many parents are unsure of how to go about preparing their sons and daughters for the world of borrowing.
I have listed a few tips:
- To help your child build good credit, educate him/her about responsible credit use
- Make his/her the authorized user on your credit card
- Co-sign his/her credit card
Q: Name the top three recommendations to improve your credit?
A: Over the last seventeen years, I have focused on teaching people the pathway to understanding a good credit rating. As a Real Estate Investor, I know the importance of having a good credit report. I teach clients, “Your Credit Defines Your Creditability and the pathway to achieving a good credit rating.”
I know such issues are daunting, but you may need to borrow funds from a lender. Therefore, a good credit score will make the process easier. Your credit score determines two things that can affect your loan approval. First, lending money entails risk; lenders need to know you are reliable. Second, your credit score determines the terms of your loan.
Payment History – The whole point of a credit score is to inform a lender of whether you’re a reliable borrower. Being a reliable borrower is making on-time payments. Lenders want to see good payment history; it’s their only way to verify your creditability — whether on-time payments have been consistently made on things like credit cards, retail accounts, and loans
How much you owe – Keep balances low on credit cards and other “revolving accounts.” High outstanding debt can affect a score. Pay off debt rather than moving it around. The most effective way to improve your score in this area is by paying down your revolving (credit cards) debt.
Length of History – It’s impossible for a person who is new to credit to have a perfect credit score, but it doesn’t necessarily take long to achieve a high score. A longer credit history provides more information and offers a better picture of long-term financial behavior. Therefore, to improve their credit scores, individuals without a credit history should begin using credit, and those with credit should maintain long-standing accounts.
Q: How can readers stay connected and obtain more information regarding your services?
A: Additional, information can be found on several of my websites.
Chayo Briggs is driven to obtain the highest standards for himself and clients. By promoting organization’s efforts concerned with civil rights and social action. He studies at Grand Canyon University perusing his Doctor of Education in Organizational Leadership. He went on to complete his Bachelors of Science in Business Management at Ashford University and later acquired his Masters in Public Administration from California State University, San Bernardino. As an author Briggs is developing innovative concepts for Real Estate Development, entrepreneurship, consumer credit and organizational learning. Chayo originally sought to teach English as a Second Language (ESL) in the Peace Corps. The travel offered him the opportunity to visit a large variety of countries. The individual missions brought a positive can-do drive when he greeted new students. Briggs experienced various levels of human culture elevating him to expert status and skill to help people overcome their credit issues.
Interview conducted by Twins of Media
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