Slide 2:Program Overview National Credit Education Services assists consumers to exercise their right to verify their credit reports for inaccuracies that are adversely affecting their credit rating. According to the Fair Credit Reporting Act.


Slide 3:Credit Restoration & Education NCES is a Credit Restoration and Education Company that offers two different approaches to credit repair. First, for a flat fee of $499 for one full year of service, our Letter Writing Process (LWP) assists clients to exercise their right to inquire about accurate reporting of data on their credit reports. Second, the $699 flat fee program, also for one full year of service, helps clients with Electronic Dispute Process (EDP) that is more efficient, faster, with better results.


Slide 4:PARADIGM A set of assumptions, concepts, values, and practices that constitutes a way of viewing reality for the community that shares them. A belief System. “Knowledge is Power”


Slide 5:CREDIT CONTROLS OUR LIVES Limits or expands our financial stability Increases or decreases our quality of life Opens or closes doors to employment opportunities and promotions Affects our income by way of interest rates Limits or expands our purchasing power


Slide 6:CREDIT FACTS Ever-growing Demand Consumer debt is now near $11.4 Trillion Dollars Americans are the biggest spenders Approx 83% of Divorces are due to Financial Problems Bankruptcy Relief is now more difficult to file due to the “Means Test” (as of October 2005) January 2006 - Min. Monthly Payments for credit cards can increase from 2% to 4% causing already strapped consumers financial hardship All of your Creditors can increase your interest rates if you are late on any of your other accounts


Slide 7:FICO Fair Isaac Company Provides risk assessment software to the 3 Credit Reporting Agencies (CRAs) Experian (formerly TRW), Trans Union & Equifax Vantage Score New Scoring Model developed by the Big 3 To compete against FICO - Range from 501 -900


Slide 8:FICO Score Basics Scores are damaged by the most recently reported derogatory information Derogatory information reported prior to 2 years does not highly impact score FICO has 88 Negative Rating Factors and only 6 Positive Rating Factors FICO measures whether a person is moving towards or away from Bankruptcy There are only 5 scoring factors that you can control


Slide 9:Two Areas of Credit that need Attention Credit Repair FICO Enhancement


Slide 10:Consumer’s Right To Accuracy The Fair Credit Reporting Act: In 1971, Congress passed the Fair Credit Reporting Act (FCRA). The FCRA was passed with the intention to regulate the credit-reporting agencies (CRA). The Act spelled out all the rules and regulations that the credit-reporting agencies have to follow before they put anything on someone’s credit report. For the past four decades, those agencies have ignored most of the law. Information about “you” has to be absolutely accurate and verified before it is entered on your credit reports. If “reasonable procedures” have not been correctly followed, then any verified inaccuracies must be removed from your credit reports as defined in the FCRA. The three credit reporting agencies are Experian (formerly TRW), Equifax and Trans Union. There are other reporting agencies also that purchase their information from the Big-3, so if you repair your credit with the Big-3, you basically repair it with everyone.


What is the definition of “inaccurate, erroneous, or obsolete information?” :What is the definition of “inaccurate, erroneous, or obsolete information?” Inaccurate information is any information that cannot be verified by the CRA and/or the creditor. Erroneous information is any information that has been entered onto a consumer’s credit reports due to human error (data entry error), Social Security Number mismatch error, mixed file error, similar names error, “reasonable procedures” were not followed when the information was entered on the credit report, or any such related error. This happens more often than you think! Obsolete information is any information that is beyond the industry standard of seven years; or ten years for bankruptcy.


Slide 21:RememberFICO Score Basics? FICO has 88 Negative Rating Factors and only 6 Positive Rating Factors FICO measures whether a person is moving towards or away from Bankruptcy There are only 5 scoring factors that you can control


Slide 22:FICOscoring factors you can control 35% Payment History


Slide 23:35% Payment History 30% Amounts Owed FICOscoring factors you can control


Slide 24:35% Payment History 30% Amounts Owed 15% Length of Credit History FICOscoring factors you can control


Slide 25:35% Payment History 30% Amounts Owed 15% Length of Credit History 10% New Credit FICOscoring factors you can control


Slide 26:35% Payment History 30% Amounts Owed 15% Length of Credit History 10% New Credit 10% Types and Numbers of Credit Cards to Use! FICOscoring factors you can control


FICO Advantages :FICO Advantages Consumers obtain loans faster Credit decisions are fairer Older credit problems count for less - Great for Bankruptcies More available credit Credit rates are lower over all With an understanding of the system, a person can improve his or her credit rating from D to A credit in a few months.


How do “Inquiries” count? :How do “Inquiries” count? HARD INQUIRIES Only “permissible use” credit inquiries count against you, including credit card offers you’ve applied for. SOFT INQUIRIES Credit reports you pull yourself or from a consumer site do not count. Marketing inquiries also fall in this category. For Mortgage or auto loans, FICO counts multiple inquiries during a 30-day period as just one inquiry. In the old Scoring Model, multiple inquiries were counted as one inquiry within a 14-day period.


Slide 29:Privacy Marketing & Junk Mail For a possible 2 to 10 points increase on your FICO, go to: www.optoutprescreen.com Stop telemarketer phone calls: www.donotcall.gov 888-382-1222


Length of time the following items stay on Credit Reports? :Length of time the following items stay on Credit Reports? Bankruptcies 7, 11 and 13 10 Years Collections 7 Years Public Record 10 Years Inquiries 2 Years Chex Systems (for banks) 5 Years Telecheck (for merchants) 5 Years SCAN (for merchants) 5 Years Regulated by FTC through Fair Credit Reporting Act


Collections, Judgments & Liens :Collections, Judgments & Liens Do not be too quick to pay old collection accounts; depending if you’re getting a loan or repairing credit. Judgments will reflect as “Satisfied” when paid. Collections will reflect as “Paid” when paid. Liens will reflect as “Released” when paid.


Web Sites to Check :Web Sites to Check www.myfico.com www.annualcreditreports.com www.transunion.com www.equifax.com www.experian.com www.Ucan2fs.com


Slide 33:How can you make a difference in your community and set yourself apart?


Help your Credit–Challenged Clients. :Help your Credit–Challenged Clients. Offer the one year $499 Credit Repair program and see results in the first 90 days Offer the one year $699 electronic Credit Repair program and see results even sooner Unlimited Derogs, Disputes & Deletions Monitor Account Status with updates Enhance your professional services Build a pipeline of pending deals Make a difference in people’s lives


Be a Part of the Solution! Join our Team and offer financial solution services Nationwide! :Be a Part of the Solution! Join our Team and offer financial solution services Nationwide! Become a Ucan2-fs IBO ( Independent Business Owner ) $99. We provide you with the training to offer our affiliates’ services


Slide 36:Become an Independent Business Owner (IBO) of Ucan2 financial solutions (fs) and offer our affiliates’ services to help clients with their financial challenges, and build a lucrative business opportunity for yourself. Join us Today! Summary


Slide 37:THANK YOU ! Ucan2 Financial Solutions www.Ucan2fs.com 562-400-2417 U - c a n 2