This document summarizes a seminar on credit repair presented by SBS Credit Services. It discusses how credit affects people's lives, current credit card debt and bankruptcy trends, and the FICO credit scoring system. It outlines the five main factors that determine a FICO score and that consumers can control. It also provides information on credit report disputes, credit monitoring resources, SBS credit repair services and pricing. The overall purpose is to educate attendees on improving their credit scores and finances.

1. Credit Repair – FICO Seminar
Sponsored by:
SBS CREDIT SERVICES

3. • Limits or expands our financial stability
• Increases or decreases our quality of life
• Opens or closes doors to employment
opportunities and promotions
• Affects our income by way of interest
rates
• Limits or expands our purchasing power

4.  Credit Cards-Debt is a 2-Trillion Dollar Industry
 Americans are the biggest spenders
 Approx 83% of Divorces are due to Financial
Problems
 Bankruptcy Relief is now more difficult to file due to
the new “Means Test” (as of October 2005)
 January 2006 - Min. Monthly Payments for credit
cards increased from 2% to 4% causing already
strapped consumers financial hardship
 All of your Creditors can increase your interest rates
if you are ever late on any of your other accounts

5. Fair Isaac Company
Provides risk assessment software
to the 3 Credit Reporting Agencies (CRAs)
Experian (formerly TRW), Trans Union & Equifax
Vantage Score
New Scoring Model developed by the Big 3
To compete against FICO - Range from 501 -900

6. • Scores are damaged by the most recently reported
derogatory information
• Derogatory information reported prior to 2 years
does not highly impact score
• FICO has 88 Negative Rating Factors and only 6
Positive Rating Factors
• FICO measures whether a person is moving
towards or away from Bankruptcy
• There are only 5 basic scoring factors that you can
control (we’ll return to this page in a moment)

7. The Fair Credit Reporting Act:
In 1971, Congress passed the Fair Credit Reporting Act (FCRA).
The FCRA was passed with the intention to regulate the credit-
reporting agencies (CRA). The Act spelled out all the rules and
regulations that the credit-reporting agencies have to follow
before they put anything on someone’s credit report. For the
past three decades, those agencies have ignored most of the
law. Information about “you” has to be accurate and verified
before it is entered on your credit reports. If “reasonable
procedures” have not been correctly followed, then any
verified inaccuracies must be removed from your credit reports
as defined in the FCRA. The three credit reporting agencies are
Experian (formerly TRW), Equifax and Trans Union. There are
other reporting agencies also that purchase their information
from the Big-3, so if you can repair your credit with the Big-3,
you basically repair it with everyone.

8.  Inaccurate information is any information that cannot be
verified by the CRA and/or the creditor.
 Erroneous information is any information that has been
entered onto a consumer’s credit reports due to human error
(data entry error), Social Security Number mismatch error, mixed
file error, similar names error, “reasonable procedures” were not
followed when the information was entered on the credit report,
or any such related error. This happens more often than you
think!
 Obsolete information is any information that is beyond the
industry standard of seven years; or ten years for bankruptcy.

9. • Scores are damaged by the most recently reported
derogatory information
• Derogatory information reported prior to 2 years
does not highly impact score
• FICO has 88 Negative Rating Factors and only 6
Positive Rating Factors
• FICO measures whether a person is moving
towards or away from Bankruptcy
• There are only 5 basic scoring factors that you can
control

10. FICO
scoring factors you can control
• 35% Payment History

11. FICO
scoring factors you can control
• 35% Payment History
• 30% Amounts Owed

12. FICO
scoring factors you can control
• 35% Payment History
• 30% Amounts Owed
• 15% Length of Credit History

13. FICO
scoring factors you can control
• 35% Payment History
• 30% Amounts Owed
• 15% Length of Credit History
• 10% New Credit

14. FICO
scoring factors you can control
• 35% Payment History
• 30% Amounts Owed
• 15% Length of Credit History
• 10% New Credit
• 10% Types and Numbers of
Credit Cards to Use!

15.  Consumers obtain loans faster
 Credit decisions are fairer
 Older credit problems count for less
- Great for Bankruptcies
 More available credit
 Credit rates are lower over all
 With an understanding of the system, a
person can improve his or her credit rating
from D to A credit

16.  HARD INQUIRIES
Only “permissible use” credit inquiries count against
you, including credit card offers you’ve applied for.
 SOFT INQUIRIES
Credit reports you pull yourself or from a consumer
site do not count. Marketing inquiries also fall in this
category.
 For Mortgage or auto loans, FICO counts multiple
inquiries during a 30-day period as just one inquiry.
In the old Scoring Model, multiple inquiries were
counted as one inquiry within a 14-day period.

17. Privacy Marketing & Junk Mail
• For possible 2 to 10 points
increase on your FICO, go to:
www.optoutprescreen.com
• Stop telemarketer phone calls:
www.donotcall.gov
888-382-1222

18.  Bankruptcies 10
Years
 Collections 7 Years
 Public Record 10
Years
 Inquiries 2
Years
 Check Systems (for banks) 5
Years
 Telecheck (for merchants) 5
Years

19.  Do not be too quick to pay an old collection account;
depending if you’re getting a loan or just repairing
credit.
 Judgments will reflect as “Satisfied” when paid.
 Collections will reflect as “Paid” when paid.
 Liens will reflect as “Released” when paid.

20.  www.myfico.com
 www.annualcreditreports.com
 www.transunion.com
 www.equifax.com
 www.experian.com
www.sbscredit.com

21. Make a difference in
your life now, that will
dramatically effect your
financial future.

22.  Offer a one-year Flat Fee Credit Repair program from
SBS Credit Services (Payments Available see contract)
 See results in the first 90 days
 Derogatory Info, Disputes & Deletions
 Monitor Account Status 24/7 via the web
 Professional and Courteous service
 Personal client attention/service custom to your needs
 Turn your C & D ratings to A+
 Make a difference in people’s lives

23.  Credit Score Analysis & Counseling Program
 Debt Management
 Debt Negotiation & Debt Settlement
 Tax Relief Program
 Student Loans & Consolidation Programs
 Financial Literacy Courses
 Unlimited Income Potential

24.  Initial Dispute (no creditor acct services included) $99.00 Set up fee
+ $10.00 x 3 per credit bureau report requested by SBS.
 Monthly Creditor Dispute Service Fees:
1-5 Accounts - $350 /$ 43.00 per month
6-10 Accounts - $450 /$ 59.00 per month
11-15 Accounts - $550/ $ 76.00 per month
16 – (+) Accounts - (Price Negotiable)

25. To Book a Credit Repair & Budget
Enhancement Seminar for your
Group or Organization, please
contact:
713-391-7812
sales@sbscredit.com
FOR UPCOMING EVENTS CHECK OUT:
WWW.SBSCREDIT.COM