Although most people realize their credit histories are chronicled in credit reports, 70 percent don't know that they also have a credit score. This presentation is intended to help you understand how credit scoring works and how ANewStartSolutions LLC can help you manage your credit health.

1. Tired of being…
Call
Toda
y

2. View your status 24/7

3. 1. Past Delinquencies…
35%
10%
10% 35%
of
15% Credit Score
30%

4. 2. Amount Owed; Debt Ratio…
10%
10%
35%
30%
15% of
Credit Score
30%

5. 3. Avg. Age Credit History…
15%
10%
10%
35%
of
15%
Credit Score
30%

6. 4. Mix of Credit …
10%
10%
10%
35%
of
15%
Credit Score
30%

7. 5. Inquiries…
10%
10%
10%
35%
of
Credit Score
15%
30%

8. Your Credit Score…
1. Past Delinquencies 5 - 10%
4 - 10%
2. Debt Ratio 1- 35%
3. Average Age of File
3 - 15%
4. Mix of Credit
5. Inquiries
2 - 30%
Fico Scores: 300-850

9.  Reporting Timely Information
 100% Verifiable Information
 100% Accurate Information

10. FCRA…
Fair Credit Reporting Act Specifically States
that Every Item Reporting on a Credit Report
MUST BE:
 Reporting Timely Information (7 year rule)
 100% Verifiable Information
 100% Accurate Information

11. We are licensed, bonded and are The Credit Specialists!
We…
1. Focus on Education
2. Assist in rebuilding credit
3. Provide secured portals to monitor your progress
4. Customize an individual plan to fit your
goals, timeline and offer affordable payments!
5. Offer budget assistance setup & free spreadsheets.

12. 100% Accurate
100% VERIFIABLE
Timely
True
The Law states: All items on your credit report must be accurate!

13. Credit Myths
"The credit bureaus are
government agencies"
The Bureaus are governed by the
FTC… They are not part of the
government.

14. Credit Myths
My score will increase by
“Opting out” of the bureau’s
pre-screened offers?
www.OptOutPrescreen.com
The Bureau’s make billions selling your basic information;
this is where a lot of your junk mail pre-approved offers

15. Credit Myths
"Checking my own credit
report harms my credit score"
You can go to annualcreditreport.com
for your free yearly report; without

16. Credit Myths
“My Lender can not use
the credit report I
obtained from Annual
Credit Report”
True

17. Credit Myths
“Your income makes a
difference in your credit score”
The Bureaus do not have your
income information and is not used

18. Credit Myths
“FICO scores are locked in for
six months, and they change
every six months”
Your Scores change every day
with all 3 Bureaus!

19. Credit Myths
“Too many open accounts will
hurt, therefore you must close
accounts.”
We never recommend closing
accounts; that can in itself

20. Credit Myths
“Paying off an old collection
or charge off will increase your
credit score”
Not unless you get a pay for
deletion. (there are exceptions)

21. Credit Myths
“Your credit card
balances, have nothing to do
with your score."
Your revolving balance to limit
ratio counts! 30% of your score is

22. Credit Myths
"If I get one credit bureau to
remove an item from my credit
report, all the other bureaus
will remove it automatically”
All 3 bureaus are separate entities
and not all companies report to all 3.

23. Credit Myths
“Multiple mortgage loan
inquiries will ding your score
for each one”
Lender inquiries within 30-45
days will count as one ding.

24. Credit Myths
“It will take me seven years to
improve my credit”
You need to make your
credit a priority and make
sure everything reporting