United Credit Education

United Credit Education

My company is MWR Faith and Finance. We specialize in helping people improve their credit scores and other areas of their finances.

We are a nationwide company with an A- BBB rating.

Timeline photos 29/05/2022

Robert Peretti, United Credit Education
https://bit.ly/38xvgnq
Email: [email protected]

26/04/2022

Anatomy of a Credit Report – 1/2

Even though there are many different bureaus, all credit reports have the same basic structure and anatomy.

You will find your “Personal Information” – This includes your name, potential aliases, date of Birth, Social, Current Address, previous addresses, and employment information.

Negative Accounts – are anything that wasn’t paid or paid late. These items do not want on your report because they lower your credit score.

Items you DO want are Positive Accounts – are any accounts that have been paid on time…

Robert Peretti, ERA Credit Services
Email: [email protected]

26/04/2022

Who Can See My Credit Report?

25/04/2022

Account Diversity – 2/2

Account Diversity- also known as “Types of Credit Used” – Is approximately a 10% contribution to your credit score. Your credit score will benefit by having a diverse set of account types on your credit file. Having experience across multiple account types (installment, revolving, auto, mortgage, cards, etc.) is generally good for your scores because you're proving to manage different account types.

Report as a signal that you are having financial difficulty and may consider you a higher risk. New credit and inquiries are about 10% of your score.

Robert Peretti, ERA Credit Services
Email: [email protected]

25/04/2022

25/04/2022

Account Diversity – 1/2

Account Diversity, also known as “Types of Credit Used,” is approximately a 10% contribution to your credit score. Your credit score will benefit by having a diverse set of account types on your credit file. Having experience across multiple account types (installment, revolving, auto, mortgage, cards, etc.) is suitable for your scores because you're proving to manage different account types.

Robert Peretti, ERA Credit Services
Email: [email protected]

24/04/2022

Chapter 7 Bankruptcy

23/04/2022

Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy

23/04/2022

3 Using Laws to Repair Credit

The fundamental idea of credit repair revolves around your rights as a consumer. Your rights are all based on a handful of federal and state laws.

So, what is credit repair?

Basic credit repair is a legal way to delete inaccurate, incomplete, and outdated adverse credit history by disputing items on your credit.

This can be done by disputing items with the credit bureaus or furnishers that reported the information, like creditors and debt collectors.

With the Fair Credit Reporting Act and other laws, you have the legal right to dispute any information on your report. Then, the credit bureaus and furnishers have 30 days to investigate and verify it as correct or remove the disputed information.

They are also required to mail you the results within 30 days.

So, when you get the results, you will know what happened and decide what to do next.

We call these monthly cycles or batches of letters “Rounds” ... So, the first batch of letters is called round 1, then round 2, round 3, etc.

We’ll dive deeper into this process later on. For now, this lesson will give you a basic understanding of the laws and how to use them to your advantage.

Robert Peretti, ERA Credit Services
Email: [email protected]

21/04/2022

Very Poor → Excellent

21/04/2022

FICO Score vs. Vantage Score

20/04/2022

Verify Charde-off

19/04/2022

How Credit Bureaus Determine Your Credit Score

18/04/2022

Risk Description

18/04/2022

Nina CoolAzz Reigns: License and bonding in each state. What do we need to know?

Every state has different regulations and requirements to be compliant.

I will preempt this answer by saying I AM NOT AN ATTORNEY. THIS IS NOT LEGAL ADVICE. Ok…!

So, there are three main aspects to compliance:

● Bonding

● Registration

● Specific state requirements

You can find the requirements on our website.

Some states have no requirements, while others have many. You need to follow the law of the state your company is in, and if you help clients in other states, you need to follow the law in the conditions they live in.

Let's talk about each one:

Bonds

● Twenty-three states require a bond.

● Bonds cost between 1% and 10% of the face value

● The cost is based on your credit.

● If you have clients in a state that requires a bond, you should get one.

● IN, MD, ME, NC, TN, MS, PR, SC, CA, KS, LA, MN, MO, NE, NV, OH, OR, TX, UT, VA, VI, WI, ID

Registration

● Nineteen states require credit repair companies to register with a state agency. Each state is different.

● They call this “CSO registration,” which stands for “credit Service Organizations” ● Basically, they want to know precisely who is practicing credit repair within their state.

● Some states publicly post a list of CSOs online that have registered so consumers can check the listing to confirm whether a credit repair company is registered or not.

● CA, DC, DE, IA, ID, KS, LA, MN, MO, NE, NV, OH, OR, TX, UT, VA, VI, WI, WV, ID

Robert Peretti, ERA Credit Services

17/04/2022

FICO Score

16/04/2022

FICO Credit Scores

16/04/2022

Credit Score Category

15/04/2022

Credit Scores

15/04/2022

VantageScore

15/04/2022

Canadian Credit Card

14/04/2022

Ages 20-60+

14/04/2022

Estimated APR

Telephone