eCredable: What Credit Alternatives Exist for Consumers?

On this episode of Big Money Real Estate, Ilyce talks with Steve Ely, CEO of alternate credit reporting agency eCredable, about what credit alternatives exist for consumers with thin credit files or low credit scores from the traditional credit reporting bureaus. Some companies, including eCredable, use financial data such as bills or rental payments to prequalify users for loans with certain partner lenders. While the mortgage rate may be a little higher, it means fiscally responsible people can get approved for a mortgage on a home without a credit history. Full disclosure: Ilyce sits on the eCredable Advisory Board, which provides guidance to the eCredable management team on how to best serve consumers and businesses.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.