Client consultation 09 04-2012-2

Download Client consultation 09 04-2012-2

Post on 06-Aug-2015




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  1. 1. Your Road To Excellent Credit Starts Here
  2. 2. Consultation Agenda Step 1Obtain Your Credit Report Step 2Analyze your Credit Check balances and limits of existing accounts Check for duplicate accounts (common errors) Check for re-aged accounts (illegal) Step 3Credit Improvement Action PlanSlide 2
  3. 3. Consultation Agenda Step 4The 5 Factors of Credit Scoring Step 5Past and Present Client Results Step 6Start Your Credit Improvement ProcessYour road to excellent credit starts hereSlide 3
  4. 4. Example: Good versus Mediocre Credit Here is an example of exactly how much a credit score can matter. Lets examine how these numbers affect two friends, Jim and Carol:Credit CardsJim Carol Auto Loans JimCarolCredit Score750 650 Interest Rate5.00%8.0%Interest Rate 9.90% 18.4% Monthly Payments $377 $406Annual Interest $792$1,592Interest per loan$2,646 $4,332Lifetime Interest $39,600 79,600Lifetime interest paid $21,166$34,653Carols Penalty $40,000Carols Penalty $13,487Mortgage 1 ($200,000)JimCarolInterest Rate5.50%7.375%Monthly Payments $1,130 $1,372Total Interest Paid$208,808 $297,040(30 Years)Carols Penalty $88,232Carols total penalty for poor credit? More than $ 141,719!Because more of Carols paycheck went to lenders, she had less for other goals. Slide 4
  5. 5. Credit MonitoringCredit Check TotalDoesnt add inquiriesAccess your credit report 24/7Speeds up the process(No waiting for mail correspondence)Slide 5
  6. 6. Credit AnalysisLook for:Re-aged accountsReason CodesAccounts posted multiple times Slide 6
  7. 7. Credit PlanDispute Derogatories LCS will dispute all inaccurate, misleading or unverifiable items on your credit reportPay Down Balances Pay down all existing credit cards to a minimum of 30% of the credit limitAdding Positive Tradelines To boost your credit scores, we recommend adding a positive tradeline(s). We can handle this for youSlide 7
  8. 8. 5 Factors of Credit Scoring Payment History 35% Impact Debt-to-Credit Ratio 30% Impact Length of Credit History 15% Impact Mix of Credit 10% Impact Inquiries 10% ImpactSlide 8
  9. 9. Show Results Our average client receives an 80-150 point credit score increase within the first 2 months. LCS focuses on all 5 factors that makes up your credit score (100%). Most companies only focus on disputing negative accounts (35%). Our results are quicker and better than 95% of all credit repair companies in the US.Slide 9
  10. 10. If your credit stays the same:Credit and loan application may be denied.You can be denied for employment. 80% of employers now do creditchecks.You pay higher insurance premiums.Continued stress and aggravation.Start Today, Sleep Better Tonight Slide 10


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