Credit repair 101
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Credit Repair 101. The Basics of Credit Restoration presented by Ascendant Equity. Why Credit Restoration?. Debt Settlement Debt Consolidation Consumer Credit Counseling Bankruptcy. Ascendant Equity. The System Needs Repair And Reform. According to a US PIRG Study:

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Credit Repair 101

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Credit repair 101

Credit Repair 101

The Basics of Credit Restoration

presented by Ascendant Equity

February 9, 2010


Why credit restoration

Why Credit Restoration?

Debt Settlement

Debt Consolidation

Consumer Credit Counseling

Bankruptcy

Ascendant Equity


The system needs repair and reform

The System Needs Repair And Reform

According to a US PIRG Study:

80% Of All Credit Reports contain errors (8 out of 10)

1 in 4 contain errors critical enough to cause denial of credit.

20% were missing major credit, loan, mortgage, or other consumer accounts that would demonstrate positive creditworthiness of the consumer

Ascendant Equity


The credit industry and you

The Credit Industry And You

  • Equifax – $1.5 Billion

  • TransUnion – ????

  • Experian – $3.4 Billion

Ascendant Equity


How you are identified by the credit industry

HOW YOU ARE IDENTIFIED BY THE CREDIT INDUSTRY

Consumers identified in three ways:

Name

Social Security Number

Credit Score

Ascendant Equity


How do i restore my credit

How Do I Restore My Credit???

  • The credit industry

  • Credit scoring system

  • Laws related to credit repair

Ascendant Equity


How your fico score is calculated

How Your FICO Score Is Calculated

Ascendant Equity


Laws related to credit repair

Laws Related to Credit Repair

  • FCRA - Fair Credit Reporting Act

  • FACTA - Fair and Accurate Credit Transactions Act

  • FDCPA - Fair Debt Collections Practices Act

  • FCBA – Fair Credit Billing Act

Ascendant Equity


What s your motivation

What’s Your Motivation?

Ascendant Equity


Credit restoration step by step

Credit Restoration-step by step

  • Make a decision to create no new negative debt

  • Get all 3 copies of credit reports

  • Get your FICO Score!

  • Carefully examine the reports for errors

  • Dispute erroneous information

Ascendant Equity


Credit repair 1011

Credit Repair 101

Q & A

Ascendant Equity


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