About Its Dumb Money

Its Dumb Money was created to be a personal finance resource for the middle class that is filled with actionable content an average person can use to build their relationship with the banks and grow their credit profile!

Dumb money is often the term that “smart” people use to explain your average retail investor, we thought that was the most appropriate title for our mission here. 

You see I started like many of you reading this very page right now, grew up in “middle class” home and was never taught the true value of building credit and being responsible with my credit because they didn’t know either. It was simply generations of family that didn’t understand this amazing tool called credit and instead abused it and ended up with no credit or having to file bankruptcy. 

Most people in America either hate credit so attempt to live life on “cash only”, then there are those who stay away from credit because they don’t trust themselves to handle it responsibly and everyone else who uses it somewhat responsibly and attempts to understand it and build their profile. 

Lets rewind a bit in time here, I abused credit that was extended to me, didn’t pay it and then had to go bankrupt after that because I didn’t know what else to do. All those late payments, charge offs and then eventually bankruptcy completely destroyed my credit profile. Don’t believe me? When I finally was ready to try and fix my credit I started with a 463 as seen below. At first I attempted to people to fix it, and after getting burned for thousands and thousands of dollars and wasting over a year, I realized that this isn’t something I can outsource and so I had to roll up my sleeves and really understand what was involved here in order to get a great score. 

Look at what the scores below are dated! That means in just over a year I was able to completely transform my score. 

My score in 2020 was sitting just under 700 (which is an average score) and I have a thin file with mostly new accounts (less than 3yrs) which I don’t even think is that great of a score but along the way I have been able to help many others who didn’t have such a complicated file get hundreds of thousands of dollars now in new credit! 

A lot has happened in the world through 2020 with the pandemic and during this time I have been able to once again build up my credit profile, get new lines of credit and improve my score. Recently I crossed over the 730 credit score and my next goal is to get up over an 800. 

Its time to remove the magic and mysticism in the credit game!