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Demystifying  Credit Repair Ten Greatest Myths About Your Credit
Demystifying Credit Repair
What is FICO 35% 10% 10% 15% 30%
Demystifying   Credit Repair
FIRST TIME HOME BUYERS
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
 
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
First the Facts ,[object Object],[object Object]
More Facts ,[object Object],[object Object]
More Facts ,[object Object],[object Object],[object Object]
Fair Credit Reporting Act ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
F.D.C.P.A. ,[object Object],[object Object],[object Object],[object Object],[object Object]
F.C.B.A. ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
F.A.C.T.A. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
F.A.C.T.A. ALERT ADDRESS DISCREPANCY: THERE IS A SUBSTANTIAL DIFFERENCE BETWEEN THE ADDRESS SUBMITTED IN THE INQUIRY AND THE ADDRESS(ES) ON FILE TRANSUNION ID MISMATCH ALERT: PREVIOUS ADDRESS MISMATCH. INPUT DOES NOT MATCH FILE. ADDRESS DISCREPANCY: THERE IS A SUBSTANTIAL DIFFERENCE BETWEEN THE ADDRESS SUBMITTED IN THE INQUIRY AND THE ADDRESS(ES) ON FILE SCORE MODELS EQUIFAX/BEACON 5.0 - SOME PPERSON – 553970333  SCORE:  588 00038 - SERIOUS DELINQUENCY, AND DEROGATORY PUBLIC RECORD OR COLLECTION FILED  00018 - NUMBER OF ACCOUNTS WITH DELINQUENCY 00020 - LENGTH OF TIME SINCE DEROGATORY PUBLIC RECORD OR COLLECTION IS TOO SHORT  00014 - LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED _________________________________________________________________________________________ TRANSUNION/FICO CLASSIC (04) – SOME PERSON - 553970333  SCORE: N!A SC3 - FILE NOT SCORED BECAUSE SUBJECT DOES NOT HAVE SUFFICIENT CREDIT _________________________________________________________________________________________ EXPERIAN/FAIR, ISAAC (VER- 2) – SOME PERSON - 553970333  SCORE:  524 38 - SERIOUS DELINQUENCY AND PUBLIC RECORD OR COLLECTION FILED  13 - TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN 02 - LEVEL OF DELINQUENCY ON ACCOUNTS 18 - NUMBER OF ACCOUNTS WITH DELINQUENCY 08 - TOO MANY INQUIRIES LAST 12 MONTHS
F.A.C.T.A. B B EXPRESS RECOVERY 12108 06103 $159 $0 $0 65 0 0 0 PAID COLL SVC 05103 COLL 001 $0 XPIEF 1243097 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA _______________________________________________________________________ B B EXPRESS RECOVERY 12108 11/06 $50 $0 $0 24 0 0 0 PAID COLL SVC 12/05 COLL 001 $0 XP/TU/EF 2002092 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA ________________________________________________________________________ B B EXPRESS RECOVERY 12108 11/07 $104 $0 $0 12 0 0  0  PAID COLL  SVC 02/07 COLL 001 $0 XP/TU/EF 2327325 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA ________________________________________________________________________ B B EXPRESS RECOVERY 12/08 11106 $50 $0 $0 24 0 0 0 PAID COLL SVC 12/05 COLL 001 $0 XPITUIEF 2007261 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA
Demystifying Credit Repair FICO
Other Names for Credit Scores ,[object Object],[object Object],[object Object]
What is Credit Scores? ,[object Object],[object Object],[object Object]
What is FICO 35% 10% 10% 15% 30%
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Credit Considered  in Credit Scores NOT Considered in Credit Scores
Are Credit Reports Accurate ,[object Object],[object Object],[object Object]
How Credit Affects You   ,[object Object],[object Object],[object Object],[object Object]
CROA & who can charge ,[object Object],2007 Amendment to FCRA ,[object Object],[object Object],[object Object]
Demystifying Credit Repair
A WORLD OF CHANGE
Demystifying Credit Repair ,[object Object],[object Object],[object Object]
Thank You! ,[object Object],[object Object]
Demystifying Credit Repair Go to: www.United-Credit.org

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Demystifying Credit Repair

  • 1. Demystifying Credit Repair Ten Greatest Myths About Your Credit
  • 3. What is FICO 35% 10% 10% 15% 30%
  • 4. Demystifying Credit Repair
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  • 24. F.A.C.T.A. ALERT ADDRESS DISCREPANCY: THERE IS A SUBSTANTIAL DIFFERENCE BETWEEN THE ADDRESS SUBMITTED IN THE INQUIRY AND THE ADDRESS(ES) ON FILE TRANSUNION ID MISMATCH ALERT: PREVIOUS ADDRESS MISMATCH. INPUT DOES NOT MATCH FILE. ADDRESS DISCREPANCY: THERE IS A SUBSTANTIAL DIFFERENCE BETWEEN THE ADDRESS SUBMITTED IN THE INQUIRY AND THE ADDRESS(ES) ON FILE SCORE MODELS EQUIFAX/BEACON 5.0 - SOME PPERSON – 553970333 SCORE: 588 00038 - SERIOUS DELINQUENCY, AND DEROGATORY PUBLIC RECORD OR COLLECTION FILED 00018 - NUMBER OF ACCOUNTS WITH DELINQUENCY 00020 - LENGTH OF TIME SINCE DEROGATORY PUBLIC RECORD OR COLLECTION IS TOO SHORT 00014 - LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED _________________________________________________________________________________________ TRANSUNION/FICO CLASSIC (04) – SOME PERSON - 553970333 SCORE: N!A SC3 - FILE NOT SCORED BECAUSE SUBJECT DOES NOT HAVE SUFFICIENT CREDIT _________________________________________________________________________________________ EXPERIAN/FAIR, ISAAC (VER- 2) – SOME PERSON - 553970333 SCORE: 524 38 - SERIOUS DELINQUENCY AND PUBLIC RECORD OR COLLECTION FILED 13 - TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN 02 - LEVEL OF DELINQUENCY ON ACCOUNTS 18 - NUMBER OF ACCOUNTS WITH DELINQUENCY 08 - TOO MANY INQUIRIES LAST 12 MONTHS
  • 25. F.A.C.T.A. B B EXPRESS RECOVERY 12108 06103 $159 $0 $0 65 0 0 0 PAID COLL SVC 05103 COLL 001 $0 XPIEF 1243097 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA _______________________________________________________________________ B B EXPRESS RECOVERY 12108 11/06 $50 $0 $0 24 0 0 0 PAID COLL SVC 12/05 COLL 001 $0 XP/TU/EF 2002092 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA ________________________________________________________________________ B B EXPRESS RECOVERY 12108 11/07 $104 $0 $0 12 0 0 0 PAID COLL SVC 02/07 COLL 001 $0 XP/TU/EF 2327325 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA ________________________________________________________________________ B B EXPRESS RECOVERY 12/08 11106 $50 $0 $0 24 0 0 0 PAID COLL SVC 12/05 COLL 001 $0 XPITUIEF 2007261 ORIGINAL CREDITOR: MEDICAL PAYMENT DATA
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  • 29. What is FICO 35% 10% 10% 15% 30%
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  • 35. A WORLD OF CHANGE
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  • 38. Demystifying Credit Repair Go to: www.United-Credit.org