Your Simple Credit Score 2024 eBook

Tired of following tik-tok videos for loans just get denied and another hard inquiry on your credit?

Tired of being told no every time you need a loan? Not sure where to go from here?

Don't want to pay and arm and a leg for credit repair?

Get my credit repair bundle today and you'll also get one free consultation from me - a licensed Credit Repair Specialist!

Please message me on Etsy to schedule a 15-minute free consultation once you purchased the bundle.


This purchase includes an exclusive credit score training manual and two downloadable credit score guides and a free consultation.

The exclusive training manual is used by certified credit score consultants. This manual allowed me to become a certified credit score consultant.

This manual is designed to expand your knowledge of credit scores and what factors affect them.

It goes in-depth on the different factors of debt and it affects your FICO Score.

If you want to learn about more credit and how to increase your credit score this manual can help.

This manual is 68 pages.

The Table of Contents provides an overview of subjects discussed in the manual:

Contents
Introduction ................................................................................................................................. 5
Credit Scores and Regulation ..................................................................................................... 5
The Histories of Credit Bureaus .................................................................................................. 5
What Is Credit And ...................................................................................................................... 6
Why Is It So Important?............................................................................................................... 6
What Is FICO?........................................................................................................................ 6
How Does It Work? .............................................................................................................. 7
Did you know….................................................................................................................... 7
How Is Your Score Determined?.......................................................................................... 8
What Does Your Credit Score Mean?.................................................................................. 9
Why Do You Pay More Interest When Your Credit Score Goes Down? .............................. 9
Boosting Credit Score ............................................................................................................. 10
Mixing it up!........................................................................................................................ 11
Your Rights When They're Wrong ..................................................................................... 11
Know your rights! ............................................................................................................... 11
Stop, Thief!......................................................................................................................... 11
Where To Get More Information ........................................................................................ 12
Bucketing, Rebucketing and credit scores ......................................................................... 13
Credit Score Statistics........................................................................................................ 17
Credit Underwriting Guidelines............................................................................................... 21
Credit Scores......................................................................................................................... 21
Credit Payment History:......................................................................................................... 22
Mortgage and Rent History.................................................................................................... 22
Car payment and installment loans ....................................................................................... 22
Revolving accounts or credit cards........................................................................................ 22
Collections, Judgments, and Liens ........................................................................................ 22
Credit Score Consultant Certification Manual 3
Bankruptcy Credit Guidelines ................................................................................................ 22
Foreclosures Credit Guidelines ............................................................................................. 23
Repossession Credit Guidelines............................................................................................ 23
Student Loan Credit Guidelines............................................................................................. 23
Previous Marriage?? ............................................................................................................. 23
Credit Depth Guidelines......................................................................................................... 23
Indicators that Are Typically Important in .................................................................................. 25
Retail Credit Scoring Models..................................................................................................... 25
Building Client's Credit Score................................................................................................. 27
Payment history (35%)?..................................................................................................... 27
How much of your available credit do you use (30%)? ...................................................... 28
Length of Credit or How long you have had credit (15%)?................................................. 29
When did you last apply for credit (10%)?.......................................................................... 30
What types of credit do you have (10%)? .......................................................................... 30
Steps to Increasing Scores..................................................................................................... 32
Step 1—Manage Your Payment History................................................................................ 32
Step 2—Control Your Use of Available Credit ....................................................................... 33
Step 3—Age Your Accounts.................................................................................................. 35
Step 4—Credit Types (How you are mixing your credit)........................................................ 35
Step 5—Minimize 2024 New Credit................................................................................................ 37
Credit Inquires ......................................................................................................................... 38
Why do credit inquiries affect my credit score?.................................................................. 38
What is Rate Shopping? .................................................................................................... 38
Does the formula treat all credit inquiries the same? ......................................................... 38
How long do Inquiries stay on my credit report? ................................................................ 38
What is the difference in a “HARD” and “SOFT” Credit Inquiry? ........................................ 39
Different Type of Inquires................................................................................................... 39
Credit Score Consultant Certification Manual 4
FICO® Score versions ............................................................................................................ 41
Part 1: Base FICO®
Score versions and updates.............................................................. 41
Why are there multiple FICO® Score versions? ................................................................ 41
Part 2: Industry-specific FICO® Scores ............................................................................. 42
Difference between base FICO Scores and industry-specific FICO Scores? ................... 42
Which FICO® Score version is important to your clients? ................................................. 43
New FICO Model ............................................................................................................... 43
Improving Credit Score Tactics .............................................................................................. 45
Removing Late Items Marked over 90 days ......................................................................... 45
Lender's Bewilderment Tactic................................................................................................ 48
Fair Credit Billing Act Evidence Request Letter..................................................................... 49
Sample VALIDATION LETTERS ............................................................................................ 50
Glossary of Credit Terms........................................................................................................ 56