Description
Inside the Book:
**Lender’s Guide Book
DISCLAIMER
CREDIT TALK
PRE- QUALIFICATIONS
SECURED CARDS| REBUILDING CREDIT
PERSONAL | BUSINESS CREDIT AUTO FINANCING
BANKS | CREDIT UNIONS | MERCHANTS
WHICH CREDITOR IS RIGHT FOR YOU
** Credit Repair Book
INTRODUCTION TO CREDIT …………………………………………………………………………………. 5
HOW CREDIT REPORTING WORKS ……………………………………………………….……………… 6
WHAT IS A FICO® SCORE? …………………………………………………………………………………….. 8
WHY ARE FICO® SCORES SO IMPORTANT? …………………………………………………………… 8
WHAT IS THE DIFFERENCE BETWEEN A FICO® SCORE AND OTHER CREDIT SCORES?
WHAT IS A GOOD FICO® SCORE? …………………………………………………………………………… 9
CREDIT REPAIR PROCESS …………………………………………………………………………………….. 14
MIX OF ACCOUNTS ……………………………………………………………………………………………….. 16
THE TRUTH ………………………………………………………………………………………………………….. 17
REMOVING DEROGATORY ITEMS ………………………………………………………………………… 18
BONUS MATERIAL ………………………………………………………………………………………………… 24
PERSONAL INFORMATION UPDATE LETTER ……………………………………………………….. 25
OPT-OUT OF ARBITRATION LETTER …………………………………………………………………….. 27
INQUIRY REMOVAL LETTER ………………………………………………………………………………… 28
DEBT VALIDATION LETTER ………………………………………………………………………………….. 29
DEBT VALIDATION LETTER 2 ……………………………………………………………………………….. 31
COLLECTION CEASE AND DESIST LETTER …………………………………………………………… 32
PERMISSIBLE PURPOSE LETTER ………………………………………………………………………….. 34
DEALING WITH LATE PAYMENTS LETTER …………………………………………………………… 35
WHEN A NEGATIVE ITEM/ACCOUNT COMES BACK VERIFIED …………………………….. 37
MEDICAL COLLECTIONS ………………………………………………………………………………………. 38
REPOSSESSION LETTER ……………………………………………………………………………………….. 40
CONCLUSION ……………………………………………………………………………………………………….. 41
** Removing Bankruptcy
Part 1… ……………………………………………………………………………………………………………………….. 4
Part 2 …………………………………………………………………………………………………………………………….
5 -Congressional findings and statement of purpose 15 USC 1681
Permissible Purpose of a consumer report ……………………………………………………………… 6
Bankruptcy information is easy to verify with courts ………………………………………………… 6
Permissible Purpose of consumer reports 15 USC 1681B ………………………………………………..7
Fair Credit reporting Act Excerpt 15 USC 1681C… ………………………………………………………… 7
The 7 step process… …………………………………………………………………………………………….. 8
SteP1 Opt. out LexisNexis… ………………………………………………………………………………………….. 9
LexisNexis information Suppression Form ………………………………………………………………… 10
Important information about Public Record Items on TransUnion Credit Reports… …. 14
Equifax gets public information from LexisNexis… …………………………………………………….. 20
Step 2 Order a Credit Report ………………………………………………………………………………………. 21
Step 3 Prepare an affidavit of Fact for Sending to the Bankruptcy court …………………….. 22
Step 4 Prepare a cover letter to the bankruptcy court …………………………………………………… 25
Step 5 Generate the Disputes Letters to the Bureaus ……………………………………………………..28
Step 6 Send entire package of documents to each credit bureau ………………………………… 34
Step 7 Resend Dispute to any bureau that replied bankruptcy was verified ………………….. 35
**Bonus Material** ………………………………………………………………………………………….. 38-50
** Business Credit Suite
Step 1—Fundability Foundation ………………………………………………………………………………….. 30
Step 2—Establish Business Reports ……………………………………………………………………………… 45
Step 3—Start Building: Tier 1 ………………………………………………………………………………………. 51
Step 4—Monitor Business Reports ……………………………………………………………………………….. 71
Step 5—Building Credit: Tier 2 ……………………………………………………………………………………. 80
Step 6—Advanced Building: Tier 3 ……………………………………………………………………………… 118
Step 7—Revolving Accounts: Tier 4 …………………………………………………………………………….. 143
BONUS MATERIALS ………………………………………………………………………………………………… 176
*Note: digital copy will be send in your email after checkout/payment.
