United Credit Education Services reveals the 10 myths about credit and the credit reporting agencies. Credit Restoration is legal thats why we have the Credit Repair Organization Act.

1. WELCOME! Credit Education and Restoration Seminar Mark Bustamonte 954-707-2932 www.vrtmg.com/mbustamonte

2. Ten Greatest Myths About Your Credit

4. Credit agencies have no legal authority at all, they are simply private companies who are in the business of selling credit information.

6. There is no law that the credit agencies report anything on you at all. Just the opposite is true! Credit Agencies are required by law to automatically remove all derogatory items older than 7 years or in the case of a bankruptcy, 10 years.

8. Bankruptcies come off just like any other derogatory that is incorrectly reported, obsolete, erroneous, misleading, incomplete, or that cannot be verified. Remember, the nature of the item has nothing to do with its removal under the Fair Credit Reporting Act .

10. The opposite is true under the Fair Credit Reporting Act; both the federal and various state laws REQUIRE that items be removed if they are not 100% accurate or cannot be verified in a timely manner.

12. Not only is it not illegal or immoral, but it is what the Fair Credit Reporting Act is all about. It was enacted by congress for the very purpose of protecting consumers from the intrusion of the credit agencies into our lives .

14. Just because you pay an old debt does not change or erase the fact that at one time you were not paying on it as you agreed. Can this record be changed? Absolutely!

16. Anything that erodes your financial credibility is damaging to your credit standing. In the case of inquiries, one or two is not too bad, but any more than that and they begin to tell a story of their own. Any prospective credit grantor will look at your credit report and think that you are desperate for credit.

18. Not if it is removed legally. When it is removed with cause under the Fair Credit reporting Act it cannot legally be placed back on your credit report. The same law that required its removal prohibits it from being placed back on.

20. This is the biggest myth of all. The concept that once bad, always bad, or at least for 7 years is totally false. Anybody can run into hard times or an emergency situation now and then, but that doesn't automatically mean that they are a poor credit risk for a magical 7 years. The simple truth is, no credit report can predict the future.

22. Yes, you can! You can try to do it yourself (just like you can represent yourself as an attorney in a court of law). But you can also allow experienced professionals to educate you and assist you in restoring your credit profile.

23. First the Facts The fair Credit Reporting Act: 1971 Congress passed the Fair Credit Reporting Act (FCRA). The FCRA was passed by congress with the intention to regulate credit-reporting agencies. The Act spelled out all the rules and regulations that the credit-reporting agencies had to follow before they put anything on someone’s credit report. For the past three decades, those agencies have ignored most of the law. Information about “you” has to be 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 (CRA) ARE Experian (formerly TRW), Equifax and Transunion. There are various agencies that purchase information from these three major agencies, but they get their information from the “Big-3”, so if you can repair your credit with the Big-3, you basically repair it with everyone.

26. Creditors use these scores, known as FICO scores in deciding whether or not to offer credit to consumers.

27. FICO scores range from 375 to 900 points.

28. Who are the Credit Reporting Agencies and how do they work? The Credit Reporting Agencies (CRA’s) collect and maintain information about consumer’s credit history. This information is obtained from banks, credit card companies and various financial institutions. They sell this information to lenders and other creditors.

33. What is FICO? 35% 30% 15% 10% 10%

34. Example 1 35% 30% 15% 10% Buying a House… $150,000 Base Price Low Score 500-559 $1238.00 Payment 360 month @9.29% High Score 720-850 $873.00 Payment 360 month @5.73% SAVE $365.00 per month! SAVE $4,380.00 per year! SAVE $131,400 over 30 years!!!

35. Example 2 35% 30% 15% 10% Buying a Car… $25,000 Base Price Low Score 500-559 $2,500.00 Down $825.00 Payment 60 month loan High Score 720-850 $0.00 Down $416.16 Payment 60 month loan SAVE $400.00 per month! Plus car of choice for higher score

37. We are a proud member of the Better Business Bureau and have been reporting with them for the past 3 years. We just recently received an A rating with the BBB.

38. We have a 9 to 5 customer service support center to assist our clients with all their credit needs.

39. We have a proven system for empowering and educating our clients about their rights as a consumer based on the law.

40. Our Mission Our mission is to revitalize the economy by educating the consumer about the travesty of bad credit and high interest rates. With the power of technology and our experienced team of professionals, we deliver the best service in the industry. High interest rates deny many people the ability to purchase things through credit. This prevents them from being able to buy homes, cars and other consumer goods and services. Our goal is to restore their purchasing potential so they can afford to buy a home, start a family, travel, invest or start a business. We help people improve their credit profile so they can stop putting their dollars into high interest rates and start using them to stimulate the economy. Let us help you make good credit and financial independence a reality, not just a dream!

41. How Does the Credit Restoration Process Work? Our process combines the latest technology with personalized attention that gets results.

43. The enrollment process begins once the customer contract and address/SSN verification is received by the Processing Center.

44. The customer will receive a welcome call within 10 days to assure that they received their initial dispute package and to explain the dispute cycle process. Every 45 days thereafter the customer will be contacted and reminded to forward all documents received from the credit agencies to the processing center for inclusion in future updates.

46. Complete Explanation of Dispute Process

48. Once the customer is satisfied with their dispute letters, they will sign and mail them to the three credit reporting agencies as outlined in the customer welcome letter.

49. Credit repair progress report

50. Unbelievable Price All For The Low Price of $499.00 per individual Or $399.00 per couple See your agent about the split pay option

52. Last Will

53. Financial Power of Attorney and

54. Health Care Power of Attorney $499.00 complete package

56. Understand how to read and interpret your credit file, and understand the differences between mortgage, installment and credit accounts

57. Understand how certain bill paying habits may be adversely affecting your credit score

58. Receive a customized action plan to improve your credit and identify credit accounts that need immediate attention and why

59. Understand the impact of the amount of credit you are currently using $149 for one year service

62. Enroll into the Prepaid VR-Tech MasterCard.

63. Activate AccountNow Bill Pay and add the FREE AccountNow Credit Builder service.

64. Every time you make a bill payment with AccountNow Bill Pay, we will send your bill payment information to PRBC, a national credit reporting agency

65. Build a bill payment history to demonstrate your credit worthiness when applying for housing, credit, insurance, employment, phone, and utility hook-up by doing what you already to today - - paying your rent, electric, cable, insurance, and phone bills on time.

66. Only Bill Pay transactions will be shared with PRBC. Regular debit transactions using your AccountNow Prepaid MasterCard will not be reported to PRBC.

67. For more info contact: Mark Bustamonte 954-707-2932 www.vrtmg.com/mbustamonte