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for credit secrets sponsored by info up, llc. the product endorsers who appear have been compensated fog their travel and lodgsts. all of the endorsers are actual enthusiastic and successful (ueat music) - hi i'm larry king. you know you ce through no fault of your own one of the tens of millions of people in our country without even being late with one payment. sound crazy, well in 2012 the ftc conducted a major study

that showed that one of every five americans had at least one error on one of their credit reports. in their follow up study in 2015 70% of consumers believe their information is still inaccurate. well tonight on this larry king special report is your credit in crisis? one of the country's greatest credit experts is gonna reveal the inside credit secrets you need to turn your financial life around. john ulzheimer is a nationally recognized expert on credit and identity theft. formally at fico and equifax the only recognized credit expert who actually comes from the credit indtry. welcome john. - larry thor having me. i'm very excited to be here. - john for those of us who live at beverly hills, what credit crisis? - well larry look even though things may be great foyou

one out of three americans have low credit scores, one out of three. so let's say i take you with your incredible credit score and one of the tens of millis of people with a low credit score into a car dealership. you will be in and out withour brand new car in record time but how many of your viewers identify with the other scenario? you're buying a car for your wife or grown child to get to work safely. you fill out all the forms and you're sweating, waiting for your salesman to come back from the finance office. finally after what seems like hours he comes looks you in the eye and says we have to decline your loan today right? you feel like you're just punched in the gut. but why you ask. he looks down at the floor and says i'm sorry i can't tell you that. you'll be getting a letter in the mail in tl next few days that wplain why and turns and walks away leaving you alone. - ooh, ouch. what do you tell the family when you get home?

- yeahly you know you wanna crawl into a hole, hope everything will gebetter on it's own. the problem will fix itself. it's like a bad dream larry but it's not aad dream it is real and the problem will not fix itself. - and it's just from your credit report? - yes sir that is just the tip of the iceberg larry it can cost you a loan, a home, a cellphone, a reasonable interest rate, a credit careven a job. - it's hard to believe one piece of paper can have at devastating effect. - that's agood point, one out of every three americans larry, if not you, the person living next door. - let's break away for a moment and hear from some people just like you and how they're dealing with their credit in crisis. es - i had a reallyd sful businessealing and it was driven by credit. and i was doing great volume one day and i was out of business the next. i lost my farm, i lost my house. it caused a heart attack, i went through a divorce and i tried to pick up the pieces.

- for me to have to say i cannot get you something for christmas that was like the worst. - you can't imagine when you're trying to get something and everybody tells you no and you kn you're worthy but because of what's happened in the past it kinda tears you down. - seeing my little girl and not being able to buy her a house or a place where she can play and the credit bureaus don't care. they don't care in the collection agencies, they don't care they just want the money. and that's what's hard about it is i don't have the money. i make a ton of money, i'm an engineer and i can't even buy a house with all the money i make and it's hard. - wow so much suffering. - well look y u feel helpless and ouldn't you larry the credit bureaus keep a file on all of us and there's absolutely nothing we can do to stop them. these credit filess keep ago wherever we go. they follow us around no matter what we do.

and they store negative information on us for up to 10 years. - that long, that's a good chunk of your life. - a very good ch you cannot dictate which of the three credit reports they're going to pull when you apply for something. it is entirely up to them, you have no control how they use your credit reports or how they use your credit scores. and by the wayooou have no right to acredit report or your credit score. and unfortunately for many of us the debt is stacked against us because of errors on our credit reports that are simply not our fault. - now you were actually employed by both fico and equifax. - yes sir that is correct. so you have a real insiders view that few of us have? - look when a macredit stos the news media calls on me to put it in peive for them. - as a top authority in the field can you explain what credit scores actually me? - gladly, quat's actually a greation.

there are two main credit score brands, one is the fico score and one is the vantage score. and generally these two scores and th lhigher your number ts risk to credit card companies, landlords, utilities anyone else you're doing business with. consumercowith excellent credits usually around 760 or higher are the lowest interest rates, the highest credit limits, the lowest premiums on insurance policies. but if your oore's lower as everyo there watching probably knows it can quickly turn into a financial nightmare not just for you in 2016 experian one of the three national credit reporting agencies reported in their seventh annual was 673 and that's based on the vantage score 3.0 model, very common that rates credit between 300 and 850. - so the majority of americans

are paying through the nose for credit. - through the nose larry, millions of dollars more than they would if they had a higher score. and here's how they break the scores down larry. excellent credit 750 and above, poor credit 649 and belo and the reality is unless your credit is good to excellent you're gonna be losing atloads of money because you're simply not getting the best deals that lenders have to offer. - when we return john ulzheimer will give you a free tool that instantly shows you all the money you're losing on the interest you're paying. - i worked for the post office for 28 years. i'm a 9/11 survivor as a matter of fact. i sustained respiratory issues as a result of working during ground zero. i literally fell into very strong financial challenges to the point where it even led to homelessness

and me sleeping in my van sometimes. - you have nothing, no money, no credit, nothing left. the bank took all of your machinery, they come with the tow truck. you work so hard and build something and make it in life and it all gets taken away. - me and my wife were on the verge of getting a divorce. money was just too much of a stress, credit, couldn't do anything, you know, it was pretty much like we were working just to pay bills, there was no enjoyment out of anything. - i even missed a job at the hospital. they checked my credit score and because of that hough i have the certifications to have that job i ondn't get it and it was due to a low credit score. - john i know that a bad credit report can prevent you from purchasing or home but i never realized how much that your credit score effects the interest rates you're offered.

- oh they're so importanoplarry and frankly few do. and that's why i thought it was so important to come on your show today and discuss this. g treated the same but the truth is you're not being treated the same, far from it. - let's take a phone call from erika in nashville tennessee, hi erika, you're on the phone with credit expert john ulzheimer. - hi john, you're telling me that my nghbor living right next door might be paying less money for everything that i am just because he has a higher credit score? so - not might that's tely correct erika. but look a picture is woh a thousand words so let me show you the reality. anouin a moment i'll give free website where you can put in your own numbers and do this for yourself. the rates changeheaily so make sure you yours often. example let's say you're financing 00,000 for a mortgagemmor 30 years, a very loan. if your fico credit score is in the low range of 620-639

you'll be paying an interest rate of a little over 5.1% for a total amount of interest paid of over $483,000. if your fico score is at the highest level, you'll pay a little over three and a half pernt for a total interest paid of a little over $315,000 over that 30 year period. for- wait that's almost a of difference of $170,000. wait you're paying 50% more money. - exactly right larry for the same house, you're paying one-third more for the same house. - and someone wouldn't have any idea that they're being treated so poorly because of their credit score? - no sir thekely assume it's the same for everyone. they want a house. - here's the website to go d run your own interestte num. - look there aclasses on credit score management no one learns about this stuff in school. each one of us is left to learn through trial and error.

and in the credit world an error can lead to a seven to 10 year penalty. - whedit bureaus do our viewers have to be concerned with? - quah, no that's a greation. there are many, countless almost but m imarily only three of tally matter. equifax, transunion and experian. - and you used to work for equifax? - yei did. these credit bureaus each maintain well over 200 million credit files and herrrs the critical part they do not share credit information with each other, arely are your credit reports going to be the same. - what if snmeone in the audience d know what's on their credit reports? - yeah, no that's absolutely well said. they are flying blind and our viewers need to know ed what's on theirt's reports larryll said. and there are a lot of services out there that unfortunately will take your mon to provide that service that are gonna wanna charge you for your credit reports. do not fall for it.

every year you're ed to your free credit reports. just go to the w.csite annualcreditrepo. owfolks write this down, dge is power. find out in black and white what's on your credit report. it's the first major step to making a big change for the better. - larry you nailed it and those people will be surprised if not shocked what theyind. you'll receive credit reports from all three of the major agencies so you compare them next to each other. - completely free? - absolutely, 100% comptely free. in fact you can leave your credit card in your wallet 'cause you're not gonna need it. but it's the little things that will often hurt you maybe more often, things that your audience simply iaware of. - like what? - larry let's say you make a late payment on your mortgage. s if you pay just 30 dte, someone with a credit score of 780 which is a great credit score it will take an entire three years, three years

to recover and that's only if you catch up that 30 day late payment. three years, three years - wait three years for one single late payment? - i know it's hard to believe right? and what if that 30 day late payment isn't actually correct it's wrong? the last recognized study on credit report accuracy was performed in 2012 by the ftc, the federal ade commission. and in that study the ftc found that one in five consumers had at least one error on their credit report. hat's around 50 million americans, that's a huge portion of our audience watching right now. - yeah that's exactly right larry. - in 2015 the ftc did a follow up study and discovered that those who reported an unresolved error on one of their credit reports still believe that the disputed information is still inaccurate. and get this larry the credit repting agencies cannot tell the difference between an accurate credit report and one that contains errors. they are notour lender.

they're not the source of the information that resides on your credit reports. - so they're the warehouse? - ably right, they're the warehouse and when it comes right down to it only you, the boower, the consumer can tell the difference between something that's accurate and something that is inaccurate on your credit reports. and only you can ask for that false information to be corrected. - anou don't ask no one's gonna bother to know or bother to correct the error and you're the one that gets penalized. - you cannot assume your credit reports are great just because you alwmes pay your bills on the only way to know for sure is to check them. - john what's the craziestes piece of information you've ever seen in a - well i have actually seen larr credit reports showing a consumer to be dead. - and they were alive and they had no clue that one of their lenders reported them dead to a credit bureau?ive and they had no clue - they were very much alive and you are correct they did not have a ue, fact, the only way they found out about it

was when they went to apply for credit and the lender denied them because their credit report listed them as being deccased and of course loy deceased people can't apply for credit. - stefan in washington d.c. you're on the line what's yr question for john? - i've learned more about credit on your show than i ever knew. - thank you stefan that's very nice of you. ugok this stuff is not in schools and when you're young and you receive your first credit card guess what's missing there is no instruction manual comes with it. the road to maintaining good credit is filled with land mines but it doesn't have to behat way. - well i've got to do something to get out of my financial mess, so what's the sution? - stefan there is a solution, it's real, it's affordable and it's so simple. john you have found this little book credit secrets that you believe has the power to really turn people's financial lives around. - i have. - and you're not the thor of the book. - i am not larry. - well then why would you appear on this show talking about a book you di't write? - larry it's simple you've heard

just a handful of stories tonight and there are many more. crediteen my career almost 26 years. i know how having bad credit can affect your family, your marriage, your health and i want people to get the help that they need inexpensively and in a way that tn really use it for great results. and look i have seen a lot of companies in the industry promise the so-called silver bullet miracle solution guaranteed instant fix. anost cases they're gonna take your hard earned money and you're gonna get very little resolved. when i sat down and read credit secrets i felt it was the answer to most people's probls. it's so simple that with a little bit of work and perseverance anybody can do it and i have seen the results. the book was written by a husband and wife who each went through their own credit crisis and their hard work is a gift to anyone who reads it and wants to get the credit nightmare off their back. - here's what other people just like you discovered that chang

- i really started learning how credit works and so what i love about credit secrets is that it gave me the tool to understand the credit game. and you can't play the game if you don't know the rules. - i started working the program, i sent off the letters and did aloothe steps, i read thefront to back, you know many times and it worked. - 30 days later i saw a change, i was amazed. i was like oh wow my credit score is going up. - since i started this program my transunion score was 494, today it's 722 and i'm going to build my first home. i am really looking forward to that. - i just went home shopping in hampton virginia and i will be actually closing on my first house as a first time home buyer thanks to credit secrets. - the kids are now playing soccer, playing softball, all these different things that we weren't able to afford right off the back but now we are

and it's of course made my kids extremely happy and when the kids happy my wife's happy. so it kinda goes in full circle. - that's quite a story so john you're the credit expert here why should people buy this book now? - first larry you'll notice that it's small, thnesteps are easy for ano follow, no complicated credit jargon. look let me ar, it takes some effort but it's so little compared to the results that so many people are gonna receive. it is filled with important information that you can put to use immediately and get results. ives you all the templates you need to start the process to improve your credit and the really great thing can easily do this all by yourself. - knowledge is power. - knowledge is power, exactly. look let me give you some examples - knof just some of thecrets rd in this little book that can. - you may wanna jot this down at home cause it applies to you. - larry the book is loaded. ample page five reveals the key

to getting anything removed from your credit report and this is not common knowledge. page six the secret to getting banks, onedit bureaus, collecgencies to feel that it's actually easier to simply remove a negative it and leave you alone. this one piece of advice is worth purchasing the book alone. - and the fact that you come the cret scoring side of the business than you know what's real a what isn't. - that's exactly right larry and look these insider secrets are not generally known to the public. and this little book is filled with them. - it's the little book that can. - it's the little book that can, exactly. on page 20 it reveals why you may get turned down for a loan even with a good credit score. - get turned down even with good credit? - nonsensical but it happens all the time but now you'll know why and exactly what you can do about it. did you know that closing an unused credit card account can actually hurt your credit score? - you're kidding a consumer

reducing their credit accounts iand it comes back tothem?er - you're exactly right it sure can unless yge know the secret on 9. in addition page 44 tells you ich type of bank account you never ever want to close even if you opened it back when you were a freshman in college. - that long ago. credit is forever and this is my favorite one larry. on page 43 the simple 11 word phrase you can use that makes it so no bill collector can ever conta you again. in fact this one single phrase instantly makes it illegal for a debt collector to even dial your phone number. it instantly puts you back in control of the situation. - now that's a switch 'cause it's usually the other way around. and that's the beauty of the strategy. and then on page 46 the easiest way to get a disputed item painlessly. - what about tax liens? - tax liens are no good and it's on page 77,

how to make an erroneous tax lien disappear from your cravit report even if you't paid it yet. - i'm sure there are people in our audience that could certainly use that. - i wholeheartedly agree larry. it takes a little bit of work and perseverance but it's not that difficult. here's another gem in the book that is actually real genius. i've never seen it anywhere else. - most credit bureaus and creditors use the same automated system for responding to requests to have an item removed but this trick on page 80 practically guarantees that an actual human being willto review your request which dramatically increases your chances of getting the outcome you desire. - now what about studeig loan debt, that's aroblem that keeps on getting bigger. - biaber and bigger, you're lutely right larry. federally guaranteed student loans have no statutimitations. the lender can keep trying to collect them forever. even bankruptcy doesn't erase that debt. but there's hope on page24 you'll discover not only how to remove them from your credit reports

but also how you can temporarily suspend your payments, consolidate multiple loans into one easy and lower monthly payment and in some cases get the loan forgiven entirely. - well that would be a huge relief for so many student debt ile keeping our young peown there's no relief. what about people sadly have had their automobile repossessed, any hope for them? - there is pages 127 to 129 explains how to get your repossessed caback while getting it taken off your credit report. - what if someone john has tried everything to repair their credit and they've lost all hope and nobody should have to le like that. - agreed no one. but the little book that can has two easy solutions. first there's a little known government agency that can resolve southe disputes for you in as two weeks. at their not very well known website from page 88. the literally recovered hundreds of millions of dollars for consumers. and on page 154 credit secrets gives yoa strategy

to get out of debt without resorting to bankruptcy. and in some cases you can have your oblig resolved in days. - what about those in our audience with no credit who need to establish it? ry- well everyone needs credit l and this is thestablish it? little book that can. page 147 tells you where you can apply for a visa signature rewards card with a credit limit of up to $25,000. even if your creore is in the low 500's. and on the same page the easiest way get a low interest loan to pay off all of your gh interest debt. want a car but have bad credit? even if you've had previous repossession or bankrucy you'll plow right through those stop signs on page 153. - all of that in one little book. - and larry it's so much more than that. even if you have a good cdit score reading this book will most likely enable you to improve your credit even more giving you even more purchasing power. - ladies and gentlemen what'ci the cost of your fin peace of mind?

what's a goo ynight's sleep worth ? if you're struggling in your financial life this little book could be the answer to all your prayers. here's everything you'll receive. - [narrator] first credit secrets, the 190 page ok that will dramatically change your financial life for the better. you've heard from people just like you who experienced it for themselves. it's so easy just follow the simple steps in the book and watch your credit change in front of your eyes.. you'll also get k e credit secrets quicart guide. with this guide you'll be on the simple road of repairing your own credit within minutes of opening the package. it's easy as one two three and so simple. you'll also receive the simple money method video course in that reveals inside rmation you need to secure up to $1,000 of credit almost instantly. this new information shows you everything you need to secure real credit foyoursel. and have the security you need to sleep soundly at night.

and the final bonus is the credit secrets guide to building business crit. this powerful guide walks you through all of the steps to set up your very own home-bas business and establish your own separate business credit. harness the hugetages business credit gives you making your life richer and more secure. that's a total value of over $139 but that's not what you'll pay. as a viewer of this larry king special report your price is only $39.95, yes only $39.95. for han a tank of gas you can turn your financial life around. call within the ne b 10 minutes and you'upgraded to free priority shipping. but that's not all larry is so sure this will work for you you'll receive a double your money back guarantee. if your credit score doesn't increase within 90 days of following the guidines in the book you'll receive a refund for double the amount you paid for the book. how much is it worth to you to wake up tomorrow

with no ial cloud hanging over your head, no harassing phone calls, hope of a beautiful future for you and your family and financial peace of mind. don't lose this no risk, double your money back offer call now if the phones are busy please call back. - i really ghink that you should this book. credit s has really helped me to get my life back. - if you're at home thinking about getting credit secrets it is a product that works. it's not something you wanna sit on the shelf, it's not something you just wanna sit on the table. yoe wanna sit down, take me to read this book once, twice and put it into action, - if you have any type of credit problem it doesn't matter what it is this book is gonna be the besttment you can ever make. - i'm not embarrassed to go through the checkout line

and they say sir do you wanna apply for a credit line we'll give you $50 off your bill? - there's no way you can lose here. there's a money back guarantee so at the end of the dayou can buy the book and you take action and it doesn't work for you you get your money back. that would be the biggest mistake is not doing it. ght now poised to do a half a million dollars in the next year in my business and there's no way i would han able to do that have i not bought that book and applied it in my life, no way. - john this has been incredibly iormative, information that everybody needs. - larry thank you for the opportuny. i know this book changes people's lives. i've seen it with my own eyes and i'd love to see it happen for every single one of your viewers. - thank you john. ladiesentlemen there are only three sure things in life death, taxes and your credit. and now there's hope, thanks for watching. - don't hesitate.

- don't even think about it. - pick up the phone d call right now. - follow the simple steps in the little book that can. - do the work. - and watch your credit life change. - do iyour future. - do it for your family. - do it for your family. for credit secrets sponsored by io up llc. the product endorsers who appear have been coted for their travel and lodging costs. all of the endorsers are actual enthusiasti and successful users of the credit secrets program. produced by steve dwodyin enterprises incorporated los angeles california.

. produced by steve dwodyin enterprises incorporated watching tion that's ee this educational and informational. the more you know on nbc. laen: i'm lauren thompso and "the champion within" starts now. today, a fascinating look back at one of the craziest moments in olympic history. announcer: here they come. it is a sprint finish. it's all come down to this, two hours of racing! announcer 2: nothing between them as they go into the tape! lauren: and find out why this junior golfer doesn't mind a water hazard or two. carlee: a 're seeing if we can geiving mat on the top of the houseboat for in the summer. i can just drive balls f of the top. lauren: then, find out why it takes much more than just a car and a driver to win a nascar race. wes: building that chemistry and that tru between one another, knowing where guys are going to be when the right call is made is huge.