The document discusses credit scores and how to improve them. It notes that the three major credit bureaus are Experian, TransUnion, and Equifax, and that creditors do not always report to all three. It then provides statistics on average credit scores by state, and explains the factors that affect credit scores, such as payment history, credit utilization, length of credit history, and types of accounts. The document offers advice on reviewing credit reports annually and maintaining low credit card balances to improve credit scores over time. It also advertises credit repair services from the company I Clean Ugly Credit.

1. Presented by: www. I Clean U gly Credit.com Credit Tips

2. Three Major Credit Bureaus Not all Creditors report to all three Credit Bureaus Creditor PAYS to report Customer Information Experian TransUnion Equifax

3. What is FICO? Fair Isaac Corporation Developed in 1989 Gold Standard Measure of Risk Ranges from 300 to 850 Median Score is 720 www.ICleanUglyCredit.Com

4. Our FICO Scores Affect: Interest Rates Mortgage Loans Credit Cards Auto loans Ability to Obtain Housing (Rental or Lease) Insurance Rates Employment How People View Us

5. A 2005 Congressional Study Results of Study 70 – 90% of ALL Credit Reports have ERRORS! 15 – 25% of Errors are Significant Enough to Cause Credit to be DENIED !

6. Cost of Bad Credit $20,000 Car Loan Paid over 5 years Score Interest Payment 720 or higher 4.9 % $377.00 579 or lower 29.0 % $635.00 $258.00 more each month www.ICleanUglyCredit.Com

7. Cost of Bad Credit 30 Year Mortgage Score Interest Payment 720 or higher 6.081% $1081 P&I 599 or lower 10.582% $553 MORE each month

8. These facts were gathered from the Experian National Score Index (September 2008) These credit score facts are based on information compiled from a large database of credit scores in the United States. Let’s look at some Statistics…

9. Credit Scores Below the National Average of 680* Texas 651 California 672 Nevada 655 Florida 673 Arizona 659 Colorado 674 New Mexico 663 Alaska 674 Louisiana 663 Indiana 676 South Carolina 665 Oklahoma 666 Washington DC 677 North Carolina 667 Kentucky 677 Alabama 676 West Virginia 679 Georgia 668 Tennessee 679 Arkansas 668 Michigan 679 Mississippi 668 Statistics from 2008 Money-Zine.com

10. Credit Scores at or Above the National Average Rhode Island 692 Kansas 682 New Jersey 693 Utah 683 Connecticut 694 Missouri 683 Nebraska 695 Illinois 684 Pennsylvania 696 Delaware 684 Wisconsin 699 Ohio 685 Maine 699 Oregon 686 Iowa 700 New York 686 Montana 701 Maryland 688 New Hampshire 703 Idaho 688 Massachusetts 703 Hawaii 688 Vermont 706 Virginia 689 North Dakota 706 Wyoming 690 Minnesota 707 Washington 691 South Dakota 710

11. What affects your credit score? 35% Payment history 30% Amounts owed 15% Length of credit history 10% Inquiries- New Credit 10% Types of credit used

12. Balances Carried – 30% Keep balances at 30% or less Outstanding Balance vs. available credit affects score Mortgage / Installment loans are less of factor

13. Payment History- 35% Bills Paid as agreed Most Recent 6 months Highest weight is on longest delinquency

14. Credit History – 15% Longer credit history = Higher credit score Long credit history of paid as agreed positive impact to credit score Try not to close credit accounts – Especially if long history

15. Mix of Accounts – 10% Ideal to have installment & revolving accounts Mortgage Loan Auto Loan 3 – 5 credit cards (more is okay) HELOC should be greater than $40K or will report as revolving account vs. mortgage.

16. Inquires -10% Shopping around? Make sure that multiple reports for mortgage and auto are within a short period of time Each inquiry can average 5-8 points

17. Inquiries that do not hurt the score: Job related Insurance / Utilities Account Review Personal ( www.annualcreditreport.com ) and obtain free credit report Promotional (pre-approved offers in the mail).

18. Credit Myths and Facts Canceling or closing credit cards/accounts boosts my score. Credit scores are locked in for six months. I don’t need to check my credit report if I pay my bills on time. All credit reports are the same.

19. A divorce decree automatically severs joint accounts. All negative remarks come off in seven years. If you already have bad credit, then your credit scores will suffer for seven years. Check Cards (debit cards) can help your credit scores.

20. Things YOU can do…. Review your credit BEFORE you need it! www.annualcreditreport.com Pay your bills on time….NEVER late Keep balances on credit cards limited to no more than 30% of credit limit Do not close accounts Limit the number of inquiries Show a “variety of types of credit”

21. Be a “Hero” give a referral…. **Note: Ask CPA or tax preparer about write-off

22. More $$$ in Your Pocket !! Sponsor a free Basic Credit & Budget Workshop Home Buyer Seminar- turning renters into buyers Webinars Consultation is only $29.00 Helps with Lease Option Clients Build your list of “buyers” by referrals

23. How much is the credit program? $375 for six months ($100 for each additional person at same address) Or Two payments of $200 Or Setup fee of $175 and four monthly payments of $69 ($451)

24. We wish to sincerely thank you for your time and this opportunity ! I Clean U gly Credit Debbie and Nancy THANK YOU……. Nancy Debbie www.ICleanUglyCredit.Com

25. Contact: I Clean Ugly Credit: www.ICleanUglyCredit.com 480-219-6557 office 877-369-5182 toll free Email: [email_address]