NEG Credit Solutions has been providing credit repair services for over 8 years. They help clients improve their credit reports and scores within 90 days by disputing negative items like late payments, collections, and bankruptcies. Credit repair can help remove these items and increase a client's credit score, leading to lower interest rates and improved creditworthiness. While some claim credit repair is a scam, NEG has a proven track record of success and their services are competitively priced compared to other companies.

1. Credit Repair The facts, the myths, and everything in between Date: June 10, 2009

2. About NEG Credit Solutions NEG has been in the business of credit repair for over 8 years Headquartered in Myrtle Beach, SC Processing departments and satellite offices across the US We provide services in credit restoration coast-to-coast and in Puerto Rico, Alaska, Hawaii and the UK. Also providing services for the men and women in our Armed Forces. We help most clients achieve their credit repair needs in 90 days 100% money back guarantee – if after 90 days there has been no improvement on the client’s credit report

3. What Types of Items Can Be Fixed? Late Payments Charge Offs Repossessions Student Loans Collections Foreclosures Loan Payments Medical Bills Tax Liens Judgments Inquires Equity Lines Bankruptcies Child Support And More...

4. Everything you ever wanted to know about credit starts here…

5. Credit Basics Credit Report Credit Score Maintained by 3 major bureaus Equifax Experian TransUnion Contains information from virtually everyone for which you have an agreement to pay Credit limit Monthly payment record Account status Determines if you are fiscally ready to take on more credit A summary of your credit report in numerical form Lenders can know at a glance your creditworthiness Most commonly used score is the FICO Score is used by banks, credit card companies, employers, insurance companies, landlords, mobile phone companies and more…

6. Understanding your FICO Score Percentages are based on the importance of each category for the general population The FICO Score takes into consideration all of these categories The score takes in both positive and negative information

7. Credit Statistics On average, today’s consumer has 13 credit obligations on credit bureau record Of these, 9 are likely to be credit cards, 4 are likely to be installment loans 3 out of 10 have been over 60 days past due 33% have been more than 90 days past due Just under 20% have had lender defaults The average consumer’s oldest obligation is 14 years old * information gathered from myFICO.com

8. Credit File History Chapter 7 Bankruptcy : 7 years from date of filing Chapter 13 Bankruptcy : 7 years from date paid in full and 10 years if not paid as agreed Judgments : 7 years from date filed Foreclosure : 7 years from date foreclosed Collection Accounts : 7 years from date of original delinquency Paid Tax Liens : indefinitely from date reported Unpaid Tax Liens : Indefinitely from date reported Trade Lines : 10 years from date paid in full or closed Charge Offs : 7 years from date of original delinquincy Closed Accounts : 10 years from date closed if paid as agreed Payment Patterns : can remain for as long as 7 years Credit Inquiries : 2 years

9. Industry Outlook Credit Repair is one of the fastest growing industries in the United States More and more consumers recognize the importance of their score, thanks to advertising from credit report companies Consumers recognize how a credit score just a few points below average can greatly increase their interest rate. Example: 30-year fixed interest loan with a FICO score of 620, you may pay 7.693 percent interest. With a score of 619, the interest on the same loan could jump to 12.018 percent [source: Fair Isaac ]. FHA just raised guidelines to a minimum score of 620

10. Common Client Objections Credit repair is a scam Credit repair is NOT a scam, though there are companies out there that have given this legal and necessary service a bad name. It is important a client works with a reputable company that can show their experience and prove results. NEG has over 8 years in the industry and can always show solid examples of what we’ve done for our clients.

11. Common Client Objections I can repair my credit myself Yes you can. According to the Fair Credit Reporting Act it is within everyone’s legal right to dispute their own credit report. However the process can become confusing and very time consuming. The credit bureaus will do what they can to complicate the process, and many people just give up. Using a professional credit repair service takes the confusion and frustration out of it. Most client’s see quicker and more accurate results than if doing it on their own

12. Common Client Objections Credit Repair is expensive A low score is expensive ! Higher interest rates on credit cards, home loans, auto loans, higher down payments on necessities, inability to buy a home, employers are checking credit scores, and the list goes on…. When you compare NEGCS cost to the industry standard, we are very competitively priced. Some companies charge up to $3000 for the same service

13. How We Stack Up

14. NEG Credit Solutions

15. The Competition

16. The credit repair process

17. The Credit Repair Process Free credit analysis Customer provides credit report to NEGCS for a free credit analysis NEGCS will analyze the individual credit situation and determine the steps needed to challenge the derogatory items, discussing these with the client NEGCS then begins the dispute process with the credit bureaus, customizing the method and requests for each individual client

18. The Credit Repair Process Customer will receive responses and a new credit report within 30-45 days. THEY MUST get these back to NEGCS Corporate immediately so there is no delay in the process

19. The Credit Repair Process File continues for 9o days and until all derogatory items that can be fixed have been removed from the report Most clients see results in the first 30-45 days 640 560 582 610 622 634