Credit Restoration

Presented by Mark BustamonteVR Tech Marketing Group954-707-2932www.vrtmg.com/mbustamonte

Our Mission

To revitalize the economy by educating the consumer about the devastating financial effect of bad credit and high interest rates.

Our service works with consumers to dispute any inaccuracies on their credit reports with the three major credit reporting agencies to help them obtain an error proof credit report.

High interest rates deny many people the ability to purchase things through credit.

Let us help you make good credit and financial independence a reality, not just a dream!

Company Overview

Our state of the art processing center and experienced staff enables us to provide you with the most efficient credit education service in the industry!

Our corporate office is located in Farmington Hills, Michigan.

We are members of the Better Business Bureau with no complaints.

How Credit Affects You

The interest rate you pay on credit cards and loans

Your ability to get a checking account

Rates on your auto insurance

Employment

The Three Major Credit Reporting Agencies

Experian

Equifax

Transunion

What do the credit reporting agencies (CRAs) do?

Collect and maintain information about consumers credit history. This information is obtained from banks, credit card companies and various financial institutions.

The CRAs sell this information to lenders and other creditors.

The CRAs are not part of the government.

Are Credit Reports Accurate?

Nearly 80% of all consumer credit reports have significant errors

25% of which are serious enough to potentially result in a credit denial

How do these errors occur?

Loans, payment data or credit card information is applied to the wrong account

When filling out credit applications with different names, i.e., Bill Smith versus William Smith

Your Social Security number was entered incorrectly on the application

A clerical error was made when the lender transferred the data from the application

Who regulates the credit reporting agencies?

The Fair Credit Reporting Act (FCRA) is designed to promote the accuracy of the information in consumer credit reports

The Federal Trade Commission is the government agency responsible for enforcing the FCRA

What are Credit Scores?

A method that uses statistical models to evaluate your credit worthiness

Reflective of a borrower's past payment history, outstanding credit balances, and available credit capacity at a given point in time

Creditors use these scores, known as FICO scores, when deciding whether or not to offer credit to consumers

FICO scores range from 300 to 850 points

Other Names for Credit Scores

BEACONEquifax

Fair IsaacExperian

EmpiricaTransUnion

650 or higher - Indicates a very good credit profile. People falling into this range will usually be able to obtain credit quickly and at a good interest rate. 620 to 650 - The range which most credit scores fall. However, these consumers may find that potential creditors could require additional documentation for larger loans and the loan process may take longer as a result. 620 or lessMay mean higher interest rates for borrowers. This does not mean that credit will be denied. The process will probably take longer and will be on less than ideal terms.

The following table is based on a $100,000 30-year fixed mortgage from myfico.com.

How Credit Scores are Used Credit ScoreInterest RateMonthly Payment

760-8506.072%$604

660-6996.578%$637

580-6199.419%$835

Credit ScoreInterest RateMonthly Payment

What makes up your credit score?

5 key components to your credit score

Your buying and bill paying habits (35%)

Amount of credit you owe versus your available credit (30%)

The length of your credit history (15%)

Types of credit used/your credit mix (10%)

New credit that you are applying for (10%)

Whats not in your credit score?

Your race, color, religion, national origin, sex and marital status

Your age

Your salary, occupation, title, employer, date employed or employment history

Where you live

Any interest rate being charged on a particular credit card or other account

Any items reported as child/family support obligations or rental agreements

Certain types of inquiries (i.e., requests for your credit report)

Whether or not you are participating in a credit counseling of any kind

UltraScore

What is UltraScore?

UltraScore is an educational tool designed to help you understand and maximize your credit score by providing a detailed analysis of your credit report.

UltraScore will enable you to:

Understand your credit file

Understand how your credit score was calculated

Help you effectively manage your finances

Prepare and maintain a monthly budget

Develop an action plan to reduce debt

And much, much more!

What you get with UltraScore

Retail price of $149 for one year of unlimited access to the UltraScore Web site, which includes:

Credit Education Center

Forms and budget sheets

Budgeting calculators

Debt recovery information

Total cost of $12.42 per month!

Establishing Good Credit

5 ways to establish credit

Apply for a gasoline or department store charge. These are usually easier to obtain than other credit cards.

Apply for a secured credit card. You will be required to deposit a specified amount, usually $300 to $500 dollars into an account in their bank, and you will be issued a major credit card in the amount of the deposit.

5 ways to establish credit
(continued)

Take out a small loan from your credit union or bank. Deposit the money into your savings account and pay the loan back monthly.

If you currently have credit, ask your creditors to increase your credit limit. This will improve your credit utilization ratio thereby improving your credit score.

If you do not have a checking and savings account, apply for both. Having these accounts establishes you as part of the financial community and allows you to manage your money.

Our service

We help eliminate any inaccurate, erroneous and obsolete information reporting in your credit file

Service Features

Five challenge cycles, initial credit reports and credit scores

Receive regular updates on the progress of your file, reflecting any deletions, additions or alterations

Our active customer support is available to service your needs and answer your questions M-F, 9AM-5PM, EST.

Access to your progress report online 24/7, 365 days per year

Step 1: Enrollment

The online or paper enrollment agreement, payment, Social Security and address verification are received by the processing center.

Acceptable Address Verification:

Copy of drivers license or state ID with current address

Copy of a utility or other bill in customers name with current address

The address must match the one on the customer enrollment form

Acceptable forms of Social Security verification:

Copy of Social Security card

Copy of a health insurance card showing the SSN

Copy of W2 tax form

Copy of paycheck stub showing all 9 digits of the SSN

The Initial Packet contains:

Instructions to access their progress report

Complete explanation of the dispute process

A dispute letter to be reviewed by the customer

Step 2: The Dispute Letters

The processing center will create and send you customized dispute letters based on the erroneous entries from your credit report.

The processing center will provide the customer with the necessary contact information for any questions.

Step 3: The Dispute Process

The customer should review their dispute letters and make any changes, if necessary, and return to the processing center.

If no changes are required, the customer will sign each set of dispute letters and forward to TransUnion, Equifax and Experian.

Step 4: Credit Bureaus Response

The customer will receive correspondence from the credit reporting agencies within 45 days from the time they mailed their dispute letters.

It is imperative that all correspondence is forwarded to the processing center immediately.

Step 5: Another Round of Dispute Letters

Every 60 days the customers file will be reviewed and updated by the processing center.

New dispute letters are then prepared and mailed to the customer.

This process will continue until the customers service expires.

Customer Progress

The customer will receive regular updates on the progress of their file, reflecting any deletions, additions or alterations

Our interactive customer support is available to answer questions, call 248-848-9065, option #1.

The customer has access to their progress report online 24/7, 365 per year.

UCES Online

Customer Web site to view account and dispute letter status

www.united-credit.org

Login: Customers Social Security Number

Password: The last 4 digits of the customers SSN

The Progress Report tab will show the customers accounts and their current status

The Processing Report tab will show the customers accounts and their current dispute printing status

Get the good credit you deserve!
Restore your credit and change your life forever!

For more information
Mark Bustamonte
Sales Director
954-707-2932
www.vrtmg.com/mbustamonte