From Despair to Financial System Security
Corey P. Smith didn’t start as a credit expert. Indeed, his journey began at the darkest depths possible.
Three years before he would become a bestselling author, Smith was a corrections officer who had lost everything. His job disappeared. His home followed. He decamped with his wife and three children to a Red Roof Inn, watching his savings drip away week by week.
Ultimately, they could no longer afford the hotel. The family took up residence in a spare room belonging to an uncle. Smith resided in an apartment without furnishings or electricity. Time to think was all he had left.
That’s when everything changed.
The Homeless Man Who Decided to Get a Job
One day, walking around town, Smith saw something that would radically shift his thinking. One corner was occupied by a homeless man with a cardboard sign. It went like this: “I want to beg for my future.”
Most people continued walking without giving a second thought. But Smith stopped. He took a long, hard look at what he saw.
And then he was struck, as if by lightning. This homeless man had something that most working people didn’t. Freedom. In a weird way, freedom from financial anxiety.
Why? Because homeless people do not owe anybody money.
That one observation inspired an idea. What if the thing that held so many Americans in unending debt was actually the tool for setting people free?
That night, Smith told his wife: “Poor people use credit, but you can also leverage yourself out of struggling with it.”
He decided to test his theory. He would be building the homeless man’s credit file from zero.
Six Months of Deep Research
Smith wasn’t merely dabbling in credit repair. He dove deep. Really deep.
He kept that up for more than six months. He investigated the whole credit system from one end to the other. He studied the operation of credit bureaus. He read each law written that protected consumers. He scoured the system for its faults.
What he discovered shocked him.
The credit machine that had governed the lives of millions of Americans was less solid than people had imagined. It had holes. Big ones.
Smith developed a strategy, based on affidavits, to effectively delete just about everything from a credit report including student loans, bankruptcy and tax liens.
His technique was quite unlike anything else offered. It wasn’t that you were paying someone to fix your credit. It wasn’t about consolidating debt. It was a matter of knowing the system well enough to win at its own game.
The Power Credit Method – What It Is
Most credit repair companies will take your money and claim to be fixing your problems. They claim to increase your score, but don’t go into much detail. Some charge hundreds or thousands of dollars.
Smith’s approach is completely different. He instructs people in how to do it themselves.
His approach is simple: “I just give people information they can use and not a fix to the problem that might, or might not work for them. Because knowledge is power, and I am happy to share what has been tested and proven.”
The Power Credit Method is based on three principles:
Bureaus Just Keep Records; They Don’t Lend Anybody Money
Most believe that credit bureaus have unchecked power. They don’t. They’re just companies that gather and keep data.
Most people don’t realize that the credit bureaus are record keepers.
Once you realize this, you see they can be wrong. Lots of them. And if they falter, you can challenge them in court.
Consumer Laws Are Your Weapons
There’s a good chance that most Americans are unaware of their rights with respect to credit. The Fair Credit Reporting Act (FCRA), which is a federal law that begins to gather strength in paragraph 611 and continues it through paragraph 623 (15 U.S.C. §§ 1681i-1681s), gives consumers mighty nice instruments for disputing incorrect information.
The Fair Debt Collection Practices Act shields people from aggressive collection practices. The Equal Credit Opportunity Act prohibits discrimination.
These aren’t just suggestions. They are federal laws with real teeth. Smith instructs people on how to use them effectively. Learn more about consumer credit rights through the Federal Trade Commission’s official guidance.
Section 609 Affidavit Disputes
This is the world’s first real Section 609 Affidavit Dispute procedure that was created by Corey P. Smith over twelve years ago.
Under Section 609 of the FCRA, credit bureaus are obligated to verify your report’s authenticity. If they can’t confirm it, they have to take it down.
Smith came up with a process specifically involving legal affidavits to dispute questionable items. And it has allowed thousands to knock off negative marks from their credit reports.
The Results That Changed Lives
The proof is in the numbers. And in the stories.
Today, Smith has a best selling book titled Conspiracy of Credit, over 60 rental properties in the U.S. and a private rental car service.
He says he was once homeless, but through smart tactics with credit, is now making $40,000 a month.
But, perhaps most importantly, he’s helped tens of thousands of others do the same thing. Families stuck in cycles of bad credit have escaped.
One reader had written, after reading through Smith’s books, that if a person still has a low credit score “it is not the author’s fault.” The information is effective if you use it.
And another person commented that after reading his work, you “literally won’t need any other credit book, EVER.”
How America Stayed in Bondage to the Bankers
Something unsavory came to light during Smith’s research. The credit system is not only a financial history of yours. It controls your entire life.
You can’t buy a house because you have bad credit. It prevents you from getting a good car loan. It can also lose you jobs.
This prompted him to look at the entire financial system of credit and how it entraps most Americans. Robbing them of home ownership, a car and sometimes a job.
Insurance companies may charge higher rates to people with bad credit. Landlords reject rental applications. Utility companies demand higher deposits.
Your credit score impacts almost every major decision you’ll make in your life. The power of a simple three-digit number is tremendous.
But the system isn’t as fair as it pretends.
The Conspiracy Behind Credit Scores
Smith wrote an entire book about “How The Scheme Works”, called Conspiracy of Credit.
Credit protection services? Sources of revenue for bureaus and banks. Credit monitoring? Another way to profit from your anxiety. Identity theft protection? Of little use for those who know the system.
They’re scammed into paying for credit protection and credit score monitoring services, but they never wake up to the fact that we’re just being used by the credit bureaus and banks.
The whole industry profits when you are in the dark about how credit functions. They profit from your confusion, your fear and your desperation.
Which is why Smith focuses on education. People play better when they understand the game.
The Elements of the Approach
Smith’s Power Credit Method is not a single trick. It is a comprehensive system based on several core strategies:
Step 1: Get Your Reports
What you can’t see, you can’t fix. One of the first steps is to pull your credit reports from all three major bureaus — Experian, TransUnion and Equifax.
You are entitled by law to free copies annually. Study them carefully. Scan for mistakes, stale information — and suspect items.
Step 2: Challenge Everything Questionable
Don’t believe everything on your report is correct. Credit bureaus make mistakes constantly. Accounts might be listed twice. Late fees for non-late payments. Debts that aren’t yours.
Push back on everything that seems wrong. Use formal dispute letters. Keep records of everything.
Step 3: Use Legal Affidavits
This is where Smith’s approach really shines. Now you can dispute the validity of negative marks, instead of simply disputing items.
An affidavit is a declaration under oath. Properly used, it shifts the burden of proof to the creditor or credit bureau. They are required to authenticate the information, or delete it.
Step 4: Know the 30-Day Rule
Credit bureaus are required to investigate disputes within 30 days. If they can’t confirm the information within that timeframe, they must remove it.
Many items are removed because creditors don’t respond in a timely fashion. Or they can’t locate the required documentation.
Step 5: Build As You Repair
Don’t just remove negative items. While you’re at it, establish positive credit. Open new accounts strategically. Make payments on time. Keep balances low.
Establishing good credit and removing bad marks has a double impact. Your score rises faster.
Real People, Real Transformations
The Power Credit Method changes lives every single day. Here are just a few examples:
The Single Mom and First-Time Home Buyer
After years of being dogged by bad credit, brought on by medical bills she couldn’t afford, one single mother assumed homeownership was an impossible dream. With Smith’s methods, she successfully deleted the health collections from her report. Eight months later, she was qualified for a mortgage.
The Startup Veteran
A Navy veteran dreamed of starting a renovation business but couldn’t get approved for a loan to get started. He went from a credit score of 520 to 720, after learning Smith’s approach. He is now the owner of three successful locations.
The Teacher Who Escaped Debt
A high school teacher was drowning in student loans and credit card balances. Using Smith’s approach, she was able to dispute a number of incorrect marks and argue for better terms on the debt that remained. She’s now debt-free.
Common Mistakes People Make
Even with accurate information, people err. Some of the most common mistakes to avoid are:
Mistake 1: Settling a Collection Without Negotiating First
Never, ever just pay a collection account. The moment you pay, you lose leverage. Work out “pay for delete” agreements before you pay anyone a dime.
Mistake 2: Closing Old Accounts
In fact, your score can be hurt when you close credit accounts. It lowers your credit availability and shortens the history of your credit. Keep old accounts open with minimal recurring charges.
Mistake 3: Disputing Too Much at Once
Mass disputes may be referred to as “frivolous” by credit bureaus. Distribute your disputes over time. Be strategic about what you first challenge.
Mistake 4: Ignoring Utilization Rates
Your credit utilization ratio is huge. Do not go over 30% on any one card. Better yet, keep it under 10% for credit score maximization.
Mistake 5: Not Following Up
Don’t take for granted that your disputes were resolved properly. Follow up on everything. After 30 days, you should receive a copy of your reports. Make sure removals actually happened.
The Psychology of Financial Freedom
Smith’s approach is not just tricks of technical credit. It’s a shift in your entire relationship with money and credit.
He instructs individuals to identify their “financial vibrations.” That means questioning your views about money, success and debt.
A lot of us were raised to believe that credit is a bad thing. Or that debt is always bad. Or that wealthy people are fortunate or untrustworthy.
These negative beliefs create self-sabotage. They don’t allow you to use credit as a tool for building wealth.
Smith advises that we should always remember to operate with high self-esteem, even when it comes to your money. Stop playing a victim of the credit system. Begin to think of yourself as a person who knows the game and plays it well.
Credit as a Tool, Not a Trap
The largest mental shift Smith imparts is simple: credit isn’t the enemy.
If used properly, credit is the single most important wealth-building tool we have. It provides you with the ability to use other people’s money to create opportunities.
Want to buy rental properties? You’ll need credit. Want to start a business? Credit helps. Want to invest? Credit makes it possible.
The secret is to use credit strategically and not emotionally. Never borrow for consumption. Always borrow for investment.
Buy assets that appreciate or produce income. Stay away from expenses that drain your pocketbook every month.
The Importance of Credit Education
Smith’s main mission is education. He thinks that everyone should know something about credit, not just the pros.
He’s the author of several books that boil down very complex subjects into plain language. How to Outsmart the Credit Bureaus exposes insider strategies. The Credit Dictionary defines financial words. The Game of Credit shows you how to employ consumer law effectively.
His documentary Credit is for Poor People questions common notions of debt and wealth.
The idea is not to sell services. It’s about putting information into the hands of people so they can use it immediately. You can explore more of Corey P. Smith’s resources and methods to begin your own credit transformation journey.
Where to Start Your Journey
If you’re ready to transform your financial life with the Power Credit Method, here’s what you can do:
Week 1: Assessment
Pull your credit from all three bureaus. Review them line by line. List every item that could be considered suspicious.
Determine your current credit utilization per card. Note your payment history. Identify your biggest problems.
Week 2: Research
Read Smith’s publications, or other credible sources on credit. Read up on the Fair Credit Reporting Act. Understand your legal rights.
Study successful dispute letters. Look up the correct form for filing affidavits. Get familiar with the whole process before you begin.
Week 3: Action
Start your first round of disputes. Begin with the lowest hanging fruit: obvious mistakes, outdated content and duplicate accounts.
Mail certified letters to all three bureaus. Keep copies of everything. Set up a system for tracking disputes.
Week 4: Building
While you’re waiting to receive responses on disputes, begin establishing positive credit. If necessary, take out a secured credit card. Become an authorized user on someone else’s account.
Buy small items and pay them off at once. Show consistent responsible behavior.
Month 2 and Beyond
Follow up on your disputes. File second-round disputes if needed. Work on more difficult items such as collections, charge-offs and judgments over time.
Continue building positive credit history. You’ll get to see it go up, month after month.
The Long-Term Vision
This is not a quick fix. It’s a radical reimagining of how credit is conceived and employed.
Some people actually see results in 30 days. For others it lasts six months or more. The time frame varies with your own circumstances and how hard you work the system.
But the payoff is long-term. People using Smith’s techniques have:
- Purchased their first homes
- Started successful businesses
- Built real estate portfolios
- Achieved financial independence
- Created generational wealth
The key is persistence. Don’t lose heart if your first dispute is denied. Do not let one setback be the end of your learning. Keep pushing forward.
Why This Method Works
The Power Credit Method functions due to the fact that it’s grounded in real laws and regulations. It’s not a scam or a trick. It’s using the legal system exactly as it was intended to be used.
The Fair Credit Reporting Act is there to protect the public. It provides you with the right to accurate credit reporting. When accuracy is challenged, bureaus must verify or delete it.
The fact is most people don’t ever use these rights. They operate under the assumption that the system is fixed and cannot be altered. Smith proves that’s not true.
When you have knowledge of the law and use it properly, you are truly powerful. The credit bureaus are required by law to investigate valid disputes. Creditors must verify their claims. You are legally entitled to accuracy.
Is This Legal?
It’s the question that people always ask. Indeed, the basic methods that Smith uses are perfectly legal.
Exercising your rights under the FCRA is not only legal—it’s your right as a consumer. Disputing incorrect information is legal. Demanding verification is legal. Using affidavits is legal.
But some of Smith’s more advanced materials venture into gray areas. He’s always transparent about where the legality line falls, what could be questionable, and what will get you in trouble.
It’s best to stick with established legal methods — disputing mistakes, requesting verification and establishing good credit. These alone will be huge!
Questions and Answers On the Power Credit Method
When will I see results?
Results vary by individual. Some see changes in as little as 30 days. Others need 3-6 months. Your timeline will be determined by how many negative items you have and how quickly creditors respond to disputes.
Can I do this on my own, or should I seek professional assistance?
The whole philosophy of Smith is teaching people how to do it themselves. His books provide step-by-step instructions. You don’t have to spend a fortune on credit repair companies.
What happens if my disputes are rejected?
Denials are common. Don’t give up. See why your dispute is getting denied. Gather more documentation. Open a second dispute with new evidence. Persistence pays off.
Will this have an adverse effect on my credit score?
No. Valid disputes will not damage your score. Taking bad things off your report helps it. Even if a dispute does not end in removal, it won’t hurt to contest.
Can I dispute bankruptcy or foreclosure?
These are a little tougher to remove but not impossible. If the bankruptcy or foreclosure has inaccuracies or is not properly verified, it may be disputed. Many have been able to remove these using Smith’s affidavit method.
How does this differ from credit repair firms?
Credit repair companies charge fees to do what you can do for free. Smith teaches you how to actually do it so that you don’t have to pay someone.
How much does it cost?
Smith’s books range from $10-$30. That’s your entire investment. No monthly fees. No hidden costs. The cost of knowledge alone.
What credit score can I actually get?
With clean credit and wise management, scores of 720-800+ are within reach for most everybody. Some of Smith’s students have scored up to and over 800.
Taking Charge of Your Financial Destiny
The Power Credit Method is not just about credit repair. It’s all about controlling your financial future.
For too long, Americans have felt as though they lack control over the credit system. They’ve paid high interest rates without asking questions. They have accepted that bad credit is a fixed feature. They’ve remained mired in poverty and debt.
Corey P. Smith showed that there is another way. He went from a homeless state to building wealth, proving that credit knowledge changes lives.
His story isn’t unique anymore. His methods have been used by thousands and worked for them too.
Will you be next?
The information is available. The methods are proven. The laws protect you. All it takes is a teachable mind and the willingness to do something.
You are not your credit score. But it does have an impact on your opportunities. When you take control of your credit, you take control of your life.
Start today. Get your credit reports. Read Smith’s books. Begin disputing errors. Build positive credit. Follow the system.
A year from now, you could be living an entirely different financial life. The power is in your hands.
Final Thoughts
Corey P. Smith’s Power Credit Method is the life-changing program that everyone’s been talking about. It’s not magic; it’s just understanding how credit works. It’s education. It is learning about and leveraging the system to your advantage.
Smith rose from abject poverty to wealth. Not through luck. Not through inheritance. Through credit knowledge.
He has shown that anyone else can do the same. Your past doesn’t matter. Your current score doesn’t matter. It’s not what happens to you; it’s how you react.
The credit system has owned your life long enough. It’s time to flip the script. It’s time for you to have credit work in your favor, not against you.
Welcome to your transformation. Welcome to financial freedom. That’s the power of really understanding credit.
