Free Report. 3 Best Ways to Quickly Add 25 Points or More to Your Client s Credit Score for Mortgage Qualification

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1 Free Report 3 Best Ways to Quickly Add 25 Points or More to Your Client s Credit Score for Mortgage Qualification The most frequent question we receive from loan officers and mortgage brokers is how to get a client just 20 or 25 additional credit score points to get them qualified and close the loan. Hi, Bob Lefcort here, I want to share a recent success story where we had a client get a 111 point increase in just 35 days using one of our techniques, read on to find out how. With 27 years of experience we have created the fastest, most efficient methods of increasing credit scores in the industry. If you would like to get more approvals and close more loans, get to know us, we guarantee our results with our Triple Results Warranty. Call me now and say hello, MY DIRECT NUMBER IS (561) Great company, they did what they said they would do so I could close another loan, so grateful. Greg Hayden Branch Manager/President, Mortgages Done Right Inc 1st time I used them points up, 2nd time I used them over 130+ points, thank you so much Sherry Kagan, Google Review Read More Testimonials Here:

2 Here are three simple steps anyone can take to quickly improve their credit score: 1) Become an Authorized User. Score Improvement Range: points or more. (Improvement range varies based on many personal profile indicators) The easiest and fastest way to get a boost in a person s credit score is to become an authorized user on a family member's existing credit card. The purpose is not to use another person s card for purchases but rather to inherit the other family member s positive history and have it show on their own credit report as if it was their own. There is no credit check for you. Keep in mind the following points to share with your client: 1. Your negative credit score DOES NOT affect the family member's score. 2. It doesn't cost either party any money (although AMEX is now charging $45 for the privilege.) 3. Avoid any cards where the balance exceeds 30% of the credit limit (this will decrease your score and is currently decreasing the score of the cardholder.) 4. The scoring model reflects extra points for older issued cards and those with high credit limits so try to get put on one of these cards. 5. The cardholder must call the credit card company and ask that you be put on one or more (you are not limited to just one card per person) as an Authorized User. Important note: If the credit card company does not take your social security number, then they are not offering an Authorized User status which will not help your credit. 6. Typically, it will take about 30 to 40 days for the new account to show up on your credit report. The average point increase we see is between 15 to 40 points per card. Recently, we had a client get a 111 point increase in just 35 days because she was put on a card which was issued in 1989 and had an $18,000 credit limit. This illustrates how the scoring model favors older issued cards with high limits.

3 While this program is intended for a family member helping a family member to improve their credit scores, we have seen the same benefit for an individual using a friend s credit card. We have not seen any policing of the family relationship. 2) Removal of Federal Income Tax Liens. Score Improvement Range: points or more. (Improvement range varies based on many personal profile indicators) good. Federal Income Tax liens significantly damage a person s credit score when they are first placed on the credit report. When they are paid or satisfied, they are marked as satisfied or released but no credit score points are recaptured. In the past, IRS tax liens would stay on a report for seven years. However, the IRS has taken steps to change that. There is now a process in place to have paid federal tax liens removed from your credit file for Step 1: Complete IRS Form ( This form serves as a request for withdrawal of the original tax lien. Before filling out this form, try to locate the Form 668(Y) you were sent by the IRS as notification of the original tax lien. This can help to expedite the process. However, you can still fill out this form if you don t have the 668(Y). For question 11 on the form, select the option that states: The taxpayer, or the Taxpayer Advocate acting on behalf of the taxpayer, believes withdrawal is in the best interest of the taxpayer and the government. For question 12, enter the words Fresh Start Program. Step 2: Send Form to the IRS Use IRS publication 4235 to determine the regional IRS where your form should be mailed. Send your form via certified mail. Step 3: Wait for response from IRS After days, the IRS will contact the court house where the lien was filed to notify them to withdraw it. You will also be sent a copy of this notification.

4 Step 4: Dispute the lien with the Credit Reporting Agencies When you dispute a tax lien with Equifax, Experian or TransUnion, they contact the courthouse where the lien was filed to determine if the information is still accurate. Since the courthouse has been notified that your lien was withdrawn, by disputing the lien with the above Credit Reporting Agencies at their respective websites, you should be able to have the lien removed quickly. Step 5: Final confirmation Each of the credit reporting agencies will send you a notification of how your dispute turned out. If the lien was not removed from any or all of your reports, file a second dispute in writing and include a copy of the notification from the IRS that your lien has been withdrawn. Note that the IRS has stated that this procedures applies to tax liens less than $25,000 but our experience is that larger amounts can be removed this way certainly worth the effort. By the way, this removal can even work where an individual has not yet paid off a tax lien but is under a payment agreement with the government. 3) Pay Down Credit Card Balances Before the Settlement Date. Score Improvement Range: points per pay down. (Improvement range varies based on many personal profile indicators) Before applying for a home loan, it is a very good idea to have your clients pay down their credit card balances to 0 if practical or certainly below 30% of their credit limits. Since credit card utilization represents 30% of your total score, it is essential that sufficient attention is given to this matter. We often hear from clients that they pay off all their credit cards each month but we see balances greater than 30% of the credit limit on their credit report. The reason we see higher balances on their credit cards is that clients are paying their credit cards before the Due Date but not before the Settlement Date. The Settlement Date is 21 days earlier than the Due Date and is the date when credit card issuers report the individual balances to the credit bureau. A credit card payment one day after the Settlement Date is in transit but will not show up on a credit report pulled in the next week or two.

5 A month or two before making a home loan application, your clients should be educated on the benefit of adjusting their credit card payments forward three weeks to produce lower credit card balances which will result in much higher credit scores. Whereas many borrowers can and will attempt these credit improvement techniques on their own, they can be confusing and time consuming. If you feel as though your client can benefit from using a professional, Great American Credit Repair offers a free consultation and a triple money back guarantee. Call or click the link below for more information, Bob was always there to answer my questions and to encourage me and support me during this process. even thought I was not able to follow up on several things like getting a pre-paid card because of money problems, Bob did his best to give me what he was able to offer me. I thank him and will recommend him to everyone I know. Consuelo M.