This document summarizes information presented at a credit repair seminar sponsored by UCAN2 Opportunity, Inc. It discusses how credit controls our lives, key credit facts and statistics, an overview of FICO credit scores and the five factors that determine scores. It also outlines consumers' rights related to inaccurate credit reporting, how long negative items stay on credit reports, and resources for improving credit scores. The document encourages attendees to become independent business owners with UCAN2 to offer credit repair and financial literacy services to clients and build their own business.

1. Credit Repair – FICO Seminar
Sponsored by:
UCAN2 Opportunity, Inc.

2. PARADIGM
A set of assumptions, concepts, values, and
practices that constitutes a way of viewing
reality for the community that shares them. A
belief System.
“Knowledge is Power”

3. CREDIT CONTROLS
OUR LIVES
• 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

4. CREDIT FACTS
• 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. FICO
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. FICO Score Basics
• 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. Consumer’s Right To Accuracy
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. What is the definition of “inaccurate,
erroneous, or obsolete information?”
• 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. FICO Score Basics
• 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. FICO Advantages
• 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. How do “Inquiries” count?
• 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. Length of time the following items
stay on Credit Reports?
• Bankruptcies 7, 11 and 13 10 Years
• Collections 7 Years
• Public Record 10 Years
• Inquiries 2 Years
• Chex Systems (for banks) 5 Years
• Telecheck (for merchants) 5 Years
• SCAN (for merchants) 5 Years
• Regulated by FTC through Fair Credit Reporting Act

19. Collections, Judgments & Liens
• 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. WEB SITES to Check out
• www.myfico.com
• www.annualcreditreports.com
• www.transunion.com
• www.equifax.com
• www.experian.com
•www.UCan2credit.com

21. How can you
make a difference in
your community and set
yourself apart?

22. Help your Credit–Challenged Clients.
• Offer a one-year $575 Flat Fee Credit Repair program
from UCan2 (Payments Available)
• See results in the first 90 days
• Unlimited Derogs, Disputes & Deletions
• Monitor Account Status 24/7 via the web
• Turn your B & C papers to A paper and double-dip
• Enhance your professional services
• Build a pipeline of pending deals
• Make a difference in people’s lives

23. Additional resources available to you
from UCan2
• Credit Score Analysis & C.C.E. Program
• Debt Management
• Debt Negotiation & Debt Settlement
• Tax Relief Program
• Student Loans & Consolidation Programs
• Financial Literacy Courses
• Become a Retail Center for Financial Solution
Programs & Build a Team of Credit Professionals
• Unlimited Income Potential

24. BE PART OF THE SOLUTION -
Join our Team of professionals and offer
financial solution services Nationwide!
UCan2 Opportunity Inc. IBO
Offer Financial Solutions Services
$299.00 Plus S&H
• Independently Owned Turn-Key Business
• Training Provided by UCan2 corporate
• Full Marketing Support
• Self-replicating Web Site to Market your business
Attract more leads - Create a NICHE market!

25. Cost of Becoming an IBO (Rep.)
Plus Qualifying
IBO Only
$299.00 + $10.00 + $5.95 = $314.95
IBO/REP Fee + UCan2 VISA Card + S&H of the Bus-Kit
IBO, Plus Qualifying
$314.95 + $57.00 + $57.00 = $428.95
Full IBO Charge + 2 Financial Literacy Courses (Including
S&H)
IBO & Credit Repair (Qualifies)
$575.00 + $10.00 + $5.95 = $590.95
Credit Repair + UCan2 VISA Card + S&H of the Bus-Kit

26. THANK YOU !
To Book a Credit Repair & FICO
Enhancement Seminar for your
Group or Organization, please
contact:
Jennifer @ 800-399-9775 ext: 5
rsvp@ucan2events.com
FOR UPCOMING EVENTS CHECK OUT:
WWW.UCAN2EVENTS.COM