PODCAST · education
The Extra Credit Show
by Anselmo Moreno
The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting business since 2005. The goal is to bring practical, relevant, credit repair and debt relief skills to the public. View the show on YouTube: The Extra Credit ShowFacebook: www.facebook.com/theExtraCreditShowWeb: www.TheExtraCreditShow.com
Episodes
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New Year Credit Talk - Designing a credit repair plan for 2019 and Beyond
So Next week turned into next Month, as we have been swamped !!!! But here you go, a delicious new installment of your favorite podcast!! Submit your questions to have them answered on the show: [email protected] Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are...
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Credit Repair Chronicles: Ep.1 - Interview with our free credit repair winner!
We are BACK! The first episode of a long series as we document a credit repair journey with our lucky winner. Meet Joy, hear her story and follow along as we bring monthly updates to her credit repair journey. Next week we will be back with a regular installment of the Extra Credit Show!! Submit...
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Credit Repair Winner Announced! & Consumer Goes After Equifax and Navient
We have interviewed everyone who has shared their story with us regarding the free credit repair program we want to give away. The chosen extra credit listener is announced! Also - A consumer has filed a lawsuit against Equifax and Navient Solutions alleging a disregard for accurate reporting his...
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Buying a Home : Affordability Trends Talk with Nik Boone w/ Ascend Real Estate
Buying a home is the main motive behind consumers wanting to improve their credit score. As an Extra Credit Show listener it's highly likely the motive behind you wanting to master your credit score is tied to an end goal of homeownership. In this episode we cover a few first time homebuyer...
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Car Shopping : The Dealer Ran my credit 20+ times!
Has the FCRA been violated if the dealership shotguns your credit if you've given them permission to run it at least once? I've had this discussion 100x over the years with angry consumers. You go to the dealership to buy a car, and when you get to the financing part they run your credit with...
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FICO announces new "UltraFICO" score model - We talk about it!
Apparently this is a big deal, as the new UltraFICO score model will review your bank account to enhance the score. This seems interesting, take a listen and learn the details of this new potential system and what we think about it's impact in the current consumer finance space. Submit your...
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What To Do If You Are Sued For Credit Card Debt
In this episode we discuss what to do if you have been served with a lawsuit for credit card debt! It sucks, but it happens. Recently it's been happening ALOT. There are certain debt collectors and types of debt that are more commonly filing suits against consumers than others. If you know…
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Life after Credit Repair: How to care for your credit longterm
Credit Repair should not last forever. Actually it should really only be 3-6 months, and in some rare cases it can go longer than 6 months. The habits and actions you take after the credit repair process is over are extremely important to make sure you don't "come back" or become a "repeat…
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Should you pay for Credit Repair?
We try not to be biased on this one.... Let us know what you think? *****Special ALERT**** We are giving away a FREE, FREEEE CREDIT REPAIR program to one of our listeners. The catch? Allow us to document the journey to share with our listeners. Of course keeping certain personal information...
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Fair Credit Reporting Act - Breaking Down Your Rights
There has been new changes to the FCRA consumer rights disclosures. In this episode we break it down bit by bit, just for YOU! ALSO!!! *****Special ALERT**** We are giving away a FREE, FREEEE CREDIT REPAIR program to one of our listeners. The catch? Allow us to document the journey to share with...
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Cell Phone Payment History & Removing Inquiries!
We received a simple question from a listener that turned into a long conversation about CELL PHONE payment history and credit reports. Can you report your good payment history to your credit reports? Listen to this episode and find out! We also discuss inquiries, and if they can be removed from...
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Borrow $10,000, repay $70,000 - High Interest Rate Loans
The figures above sound totally ridiculous but this form of borrowing is again legal. It certainly is not right. In this Episode we discuss and breakdown the actual numbers! Anselmo was auditing a clients credit report when he noticed the loan on the report and was shocked by the numbers that…
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What happens to your credit and debts when you die?
Something that is going to happen to everyone, which is death. You may lose a loved one at some point in life, or maybe it has already happened to you. What happens to their credit and debt affairs when they pass away? In this episode we tackle a few very real questions: What happens to your debt...
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Bankruptcy vs Credit Repair? Which is the better option?
CREDIT REPAIR or BANKRUPTCY ? THE age old question. It's a very complicated answer and certainly one that requires a full understanding of all your debt relief options. Just because your neightbor or brother in law filed for bankruptcy, it does not mean bankruptcy is the right solution for you.…
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5 Credit Score Improvement Myths!
In this episode we bust a few more myths that plague the credit scoring world. 1.) Does "opting out" of pre screened offers boost your score? 2.) Does paying more than the minimum payment on a car loan build your score faster? 3.) Does paying a credit card or loan more than once a month impove…
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Debtor's Prison: Can you go to JAIL for not paying your debts?
Can you to Jail for not paying your debt? We like to say a hard NO on this answer, but it's actually really complex. (Aren't all credit answers a bit complicated?) In this episode we discuss in detail how debt collectors are using the civil system to enforce debts and how they abuse it to land...
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Credit News Headlines of the Week! Vantage Score, Mortgages, Equifax Update and Renting Vs Buying!
This week we mashup a few headlines that make waves this week regarding credit scores. Vantage coming into the Mortgage Market was put off by Fannie Mae and Freddie Mac, which is an interesting twist of event. Also - Equifax comes up with a funny defense for their class action lawsuit that…
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4 Listener Questions Answered!
In this episode we tackle questions submitted by YOU, our awesome listeners. 1.) Why is it that when people come to my house to sell stuff, they are offering me a 20% interest despide my score being 760+? 2.) In the last 6 months, I've paid of also of my credit cards that were charged off. My…
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Student Loans & Credit Scores!
We have been working on discussing student loans on the show for a while now! It's such a complex subject that we finally just decided to jump right in and start discussing it. This will be a subject that will require multiple episodes, but this is the first one that really breaks down the...
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Max out your score: How to correctly time your inquiry so you don't leave any points on the table
A common saying in the office that we find ourselves telling our client is "You are leaving too many points on the table" - and that is normally because the client is wanting to run their credit aka apply for credit at the wrong time. Timing in the credit world can make a huge difference in the...
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"Credit Engineers" and Business Credit Funding Scams Galore!
In this episode we discuss some new crazy credit repair scams that we have been exposed to. Do you know what credit engineering is? We didn't, but somebody tried to sell us on it and after we were pitched the idea we barfed a little bit! Learn about this new ponzi scheme scam and get out of the...
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ID Theft Victim Interview: An extreme case of ID Theft and how LifeLock failed to help
In this episode we interview a long term client of ours who has undergone one of the most extreme cases of ID Theft that we have seen in our professional carreers. Our client, "Mr. T" gives us his side of the story and we discuss how he has had to deal with IRS problems, DMV problems, and of…
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Anselmo Vs. Shady Debt Collector - Special Episode
We have been quite busy here at the office this month, and with Richard being in Japan vacationing- we are up to our eyeballs in work! But no fear, Richard will be back next week and we will be back on track to deliver weekly Extra Credit Show Episodes. I thought I'd share with you guys a little...
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The IRS Prank Call - Special Episode
I was receiving a bunch of voicemails from someone claiming to be with the IRS making threats about an arrest warrant issued under my name. I decided to call them back....and document it! Don't fall for this scam, spread awareness! The Extra Credit Show is a show hosted by Ex-Debt Collection…
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Charge-Offs: What is a Charge-OFF and how bad is it?
Charge Offs are a funny little word that is understood in many different ways. Some consumers believe once it's charged off you no longer have to pay for the debt. Some believe that a charge-off is a tax benefit for the creditor. So what exactly is a charge off and how bad is it for your credit...
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850 Credit Score Mindset - Good Credit Joe VS. Bad Credit Joe
People with higher credit scores have a significantly different mindset when compared to folks with a low or poor credit score. This is an interesting observation that we have made in the last 12 years that we have been helping consumers navigate credit issues. We breakdown some of the decisions...
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Mixed Credit: When somebody else's credit history shows up on your credit report
A mixed file is when credit information for two or more people is erroneously put into a given consumer’s report. Given that consumers have unique Social Security numbers, you would think mixed files would rarely, if ever, happen, but they do. Common reasons for mixed files include people,...
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ID THEFT: Data Breach Survival Guide
This is a MUST LISTEN - Bottom Line: In this new age of Data Breaches being the new norm, your information is not safe. In this latest episode we discuss exactly what it means to have your information exposed in a data breach (Chances are it has happened to you) - and what you can - and should do…
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3 common credit issues and what you can do to fix them
In this latest installment of The Extra Credit Show - we tackle 3 common credit issues - as published by the CFPB. Link to article can be found here: https://www.consumerfinance.gov/about-us/blog/3-common-credit-issues-and-what-you-can-do-fix-them/ Of course - we didn't exactly agree that these...
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What the FICO: Breaking down the FICO Credit Scoring Model
Credit Scores are full of MYTHS! FICO is used in 90% of lending decisions, and it is important to understand what FICO scoring models take into consideration when calculating your credit scores. In this episode we breakdown the factors, and exactly how much of each factor actually affects your...
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Credit and Divorces: What happens to your credit when you get Divorced!
Protecting your credit during and after a Divorce Debts that are commonly divided in divorce proceedings are typical consumer debts such as mortgages, car loans, and credit cards. These types of consumer credit products are generally credit that is reported to all three major credit bureaus, and...
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Caution: Don't Co-Sign! 4 things you NEED to know about Co-Signing and Credit Scores
Caution: Don't Co-Sign! 4 things you NEED to know about Co-Signing and Credit Scores --- When an eager consumer doesn’t qualify for the financing they require, they often are advised to seek a qualified “co-signer” to allow them to obtain the loan or credit extension. Financially, it’s like...
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Your Questions Answered: "Account in Dispute" Comments & Building Credit With Auto Loans
We have received GREAT questions by our awesome podcast listeners and we answered a few of them in this latest episode. Question 1.) Should I go buy a car to build my credit history? Queston 2.) I disputed something on my credit report, and now I see a remark on their that says "Account info...
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Is Credit Karma Accurate?
In this episode we discuss a question that is in everyones mind: IS CREDIT KARMA ACCURATE?????????? It is a very complicated answer (like all credit score related answers) - Take a listen and show off to all your friends your new found credit score knowledge, and finally be able to answer…
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Confessions of a Collector: Facebook and Debt Collectors!
Can debt collectors use social media like facebook , instagram and other networks to gather intel on you?We take a deep dive into debt collector tactics - legit or not- and reveal some shocking tools and techniques they use to collect debt. Covered in this episode: *How a debt collector can...
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Public Records - Tax Liens, Judgments, and Bankruptcies!
First we discuss an email sent to our client from an alledged payday loan debt collector that broke every single consumer protection law ever made. For your viewing pleasure, The email can be found here: Crazy Debt Collector Email Also.... we discuss the removal of public records from credit...
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Experian Releases 8th Annual “State of Credit" Report!
Experian conducted its eighth annual “State of Credit Report,” which shows that the average credit scores have increased almost to the level of pre-recession numbers. The study also ranked the cities with the highest and lowest credit score averages and sets forth various generational insights.…
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Online Disputes Vs. Written Mail Disputes!
Online disputes have become very popular, and many consumers are figuring out that they can save a stamp, and some time if they use the Online Consumer Dispute Methods available by all three bureaus. A little bit of research online and you will find arguements for and against online disputing. So...
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Is Credit Repair Right For You?
If you are a consumer looking for debt or credit help, you may run across the following terms… Credit Counseling, Debt Settlements, Bankruptcy, Debt Management, Credit Repair and Debt Consolidation. If your relative went through credit counseling, it does not mean it is the best option for you....
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Using your Tax Refund to Fix Your Credit!
It's Tax Season! And if you are expecting some monies back and would like to use some of those dollars to maximize your credit score, then this episode is for you. We cover: 1.) Should I just pay off all my collections? 2.) Do I settle my debts? Pay them in full? Or do I DISPUTE them? 3.) Do I…
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Legal Credit Repair Strategies & Tactics!
Last week we covered the top 3 credit repair scams and tactics that are highly illegal and will land you in the slammer! This week we cover legit credit repair strategies that are effective, ethical, and allow you to sleep at night knowing you won't end up in jail! A great compliment to Episode…
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Credit Repair scams that will land you in JAIL!
Credit Repair has been around for a long time, and credit repair tactics have been developed that have landed people in jail charged with FEDERAL offenses. In this episode, we talk about the top THREE credit repair scams and how to identify and avoid them so you can avoid getting caught up in…
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Why paying your rent or cell phone on time does not help your credit score!
The name of the credit score game is pay your bills on time! But have you ever noticed that the bills you tend to pay on time don't show up on your credit report nor give you good credit? Example: Your RENT, Your Cell Phone bill, utilities, internet....etc BUT- If you don't pay them they get sent...
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People with Bad Credit Pay More for Everything!
People with bad credit pay more for everything! It's pretty common knowledge that a better credit score results in better, more favorable terms when financing stuff. Simple concept: higher credit score, less risk to the bank, lower interest to the consumer. Lower score, higher risk, higher...
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Medical Collections don't hurt your credit score....Fact or Fiction?
Have you ever heard that "Medical Debts / Collections do not hurt your credit score" ?? That is incredibly inaccurate and we debunk that myth. 52% of all collections on Credit Reports are Medical based debts, according to a report released by the CFPB. In this episode, we discuss the nuances of...
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The Rule of 7 Years!
Do you Remember 2011? In 2011, now 7 years ago, a bunch of crazy things happened. Osama Bin Laden was killed, Prince William married Catherine Middleton, Steve Jobs Died, and Obama released his birth certificate! If you also stopped paying some or all of your debts in 2011, then 2018 is YOUR…
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How to Build, or Re-Build your credit history
Two Veteran Credit Repair Experts, and Ex-Debt Collectors go in detail about the nuances of building your credit score and credit history. Learn exactly the steps to take and products to obtain to build your credit history the right way. The Extra Credit Show is a show hosted by Ex-Debt…
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How to deal with Debt Collectors
Have you ever heard these words: "This is an attempt to collect a debt, and any information obtained will be used for that purpose..." ? What Rights do you REALLY have, and how do you exercise them? Two Veteran Credit Repair Experts, and Ex-Debt Collectors, discuss Debt Collection Agencies and…
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The Truth about Debt Consolidation
Veteran Credit Repair and Consumer Credit Experts discuss the truth about the Debt Consolidation Process and how companies can take advantage of consumers who find themselves desperate for debt help. We also comment on the lawsuit filed by the CFPB against Freedom Debt Relief. Listen as a podcast...
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ABOUT THIS SHOW
The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting business since 2005. The goal is to bring practical, relevant, credit repair and debt relief skills to the public. View the show on YouTube: The Extra Credit ShowFacebook: www.facebook.com/theExtraCreditShowWeb: www.TheExtraCreditShow.com
HOSTED BY
Anselmo Moreno
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Frequently Asked Questions
How many episodes does The Extra Credit Show have?
The Extra Credit Show currently has 49 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is The Extra Credit Show about?
The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting business since 2005. The goal is to bring practical, relevant, credit repair and debt...
How often does The Extra Credit Show release new episodes?
The Extra Credit Show has 49 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to The Extra Credit Show?
You can listen to The Extra Credit Show on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts The Extra Credit Show?
The Extra Credit Show is created and hosted by Anselmo Moreno.
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