Erica Simpson, founder of Simpson Credit Financial, is the Credit Boss Queen. After repairing her own credit back in 2017, Erica was inspired to help others do the same. When the pandemic hit, she retired early from the airline industry to become a full-time mompreneur, educating and assisting others with the restoration of their credit.
According to Erica, there are many myths surrounding credit and the credit bureaus. In her free credit consultations, she spends her time teaching clients how to read their reports. Erica says “being in the know” and fully understanding whether or not the information on your report is accurate is the first step towards getting negative items removed.
While there are many rewards to being an entrepreneur, this career change has also come with its fair share of challenges. If Erica could give any advice to other fempreneurs, it would be to save seed money and figure out your options for business credits/ business funds prior to taking on your business full time.
We all know how important credit is to the financial success of our businesses, so you won’t want to miss this episode of Girl Get Fundable! Your host Josette Fleury and special guest Erica Simpson will debunk the common myths surrounding credit, offer tips on credit repair and discuss strategies for managing life and business.
Quotes
• “Quite a few people think that the credit bureaus themselves are federal agencies per se, and that is a myth. They are basically privately owned companies that buy and sell your information for profit.” (10:16-10:34)
• “If you are able to get a negative item removed, that does not mean you no longer particularly owe that particular debt. It's just no longer affecting your credit.” (11:22-11:33)
• “In order for you to dispute, you have to get in the know and know what is actually reporting on your credit report.” (13:28-13:38)
• “If I do not execute on something then I do not eat.” (18:30-18:34)
Links
https://simpsoncredit.com/index.html
https://www.facebook.com/groups/2662641547118778/
https://josettefleury.net/
https://josettefleury.net/girl-get-fundable-acceleration-course/
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Podcast production and show notes provided by FIRESIDE Marketing