CFG client CHECKLIST
Our goal at CFG Financial is to assist our clients in achieving a minimum credit score of 700. It is important that you follow these few rules to help us help you increase your scores.
Communication is key!
Our goal is to also make sure that lack of communication isn't the reason for not getting the results you paid for. This information is designed to answer typical questions for people purchasing credit repair. It is very important that you follow these basic instructions to maximize before credit repair results
1. Opting out
Make sure you choose the opting-out option on your confirmation letter that is emailed to you when your disputes are sent out. You will receive a confirmation letter every two weeks immediately after your disputes have been sent. You will need to choose the opt out option for 5 years. This will reduce the chance of creditors selling your accounts to other creditors. Opting-out will speed up the derogatory deletion process.
https://www.optoutprescreen.com/
2.Tradelines
What is a tradeline?
A tradeline May consist of a major credit card, department store credit card, gas card or an account with a furniture store.
Trade lines are what's used to build your credit.
If you don't have at least three tradelines, DO THIS....
Very simple instructions to follow
Click on the links below to add your tradelines
1.Credit Strong- (Do the $30 per month program)
https://tracking.creditstrong.com/aff_c?offer_id=2&aff_id=1523
2.Credit Builder Card- Secure Card
https://www.creditbuildercard.com/cfg
After you have created these programs please text me "Trade line created" when your done
If you do have three trade lines, make a plan to pay your credit card balances down to 20% of the credit limit Asap!!!
High credit card balances will kill your credit scores.
Purchasing Trade lines
You can also purchase trade lines to increase credit scores. This will enable you to lower your credit utilization rates and potentially apply and get approved for trade lines that are in your name. Feel free to reach out to me about how to purchase trade lines
Communication with creditors
When your dispute letters have been sent you will start receiving phone calls and letters from your creditors about your accounts. It is very important that you do not respond to any letters or phone calls you get from creditors. This will slow down the credit repair process. Also, remember a creditor only needs to have you on a call for 30 seconds to recommit you to a debt
Be patient!
The credit repair process is just that... A PROCESS!!
You have to allow the system to work for you. It's important that you refrain from opening up new accounts for at least 90 days. Attempting to open new a account will slow down the credit repair process and lower your score.
Slight dip in scores!
At the beginning of the credit repair process there will be a slight dip in your credit scores. Also, throughout your credit repair program your scores will fluctuate. It is important that you concentrate on content being deleted from your credit report and not your scores at the beginning of your credit repair program. Your scores will do what it needs to do if the content is deleted and you manage your trade lines properly
Identity IQ and Credit Karma
It is important that you login to your credit karma account on a weekly basis approximately 3 weeks after your first dispute letters have been sent out. Credit Karma will update your credit report every 7 days. This will allow you to track the derogatory deletions.
With Credit Karma, do not focus on the scores. Only the content being deleted!!
*Please text me your credit karma login immediately after receiving this information!!!
678-448-2999
With identity IQ it works a little different. Identity IQ will update every 30 days from the day that you start the account. Identity IQ is important to keep because this is where we get our account numbers to allow us to dispute your derogatory information. It is important that you keep the identity IQ account active. This will allow us to dispute accounts on a regular basis.
Collections!!!
Do not pay off collections... Here's why!
After 90 days negative items can legally be removed from your credit report.
During the credit repair process it is the first thought of many people to pay off collections to help increase their credit scores. Although paying off a collection account will look good on your credit report, it will still show on your credit report as a collection. This will continue to affect your credit score negatively.
Please remember that your original creditor's derogatory account on your credit profile has already been paid by their insurance. When it gets to the final status of collection, repossession, eviction Etc this will allow derogatory accounts to be legally deleted from your credit report with the correct dispute letters that we provide!
Get Cash for referrals...
If you would like to participate in the CFG referral program we would love to assist any friends and family with increasing their credit scores. Our referral program works like this:
$100 per referral (For Package 2)
Refer 3 New Clients to CFG Get a FREE Tradeline
(Program starts 4/3/2020)
Please share this information!!
Our vision is to help increase credit scores in our community one household at a time
The credit repair business can be very confusing if you connect with the wrong company. If you know anyone attempting to repair their own credit or working with a credit repair company that did not give them the results they anticipated please share this information with them. Even if they don't use our services, it may be information they can use to help them make a better decision on how to go about the credit repair process.
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