United Credit United Credit Education ServicesEducation Services

Our MissionOur Mission To revitalize the economy by educating the To revitalize the economy by educating the

consumer about the devastating financial effect of consumer about the devastating financial effect of bad credit and high interest rates. bad credit and high interest rates.

Our service works with consumers to dispute any Our service works with consumers to dispute any inaccuracies on their credit reports with the three inaccuracies on their credit reports with the three major credit reporting agencies to help them major credit reporting agencies to help them obtain an error proof credit report. obtain an error proof credit report.

High interest rates deny many people the ability High interest rates deny many people the ability to purchase things through credit. to purchase things through credit.

Let us help you make good credit and financial Let us help you make good credit and financial independence a reality, not just a dream!independence a reality, not just a dream!

Company OverviewCompany Overview Our state of the art processing center and Our state of the art processing center and

experienced staff enables us to provide you experienced staff enables us to provide you with the most efficient credit education with the most efficient credit education service in the industry!service in the industry!

Our corporate office is located in Farmington Our corporate office is located in Farmington Hills, Michigan. Hills, Michigan.

We are members of the Better Business We are members of the Better Business Bureau with no complaints. Bureau with no complaints.

How Credit Affects YouHow Credit Affects You The interest rate you pay on credit cards The interest rate you pay on credit cards

and loansand loans Your ability to get a checking accountYour ability to get a checking account Rates on your auto insuranceRates on your auto insurance EmploymentEmployment

The Three Major Credit The Three Major Credit Reporting AgenciesReporting Agencies

ExperianExperian EquifaxEquifax TransunionTransunion

What do the credit reporting What do the credit reporting agencies (CRA’s) do?agencies (CRA’s) do?

Collect and maintain information about Collect and maintain information about consumer’s credit history. This information is consumer’s credit history. This information is obtained from banks, credit card companies obtained from banks, credit card companies and various financial institutions. and various financial institutions.

The CRA’s sell this information to lenders and The CRA’s sell this information to lenders and other creditors. other creditors.

The CRA’s are The CRA’s are not not part of the government.part of the government.

Are Credit Reports Are Credit Reports Accurate?Accurate?

Nearly Nearly 80%80% of all of all consumer credit consumer credit reports have reports have significant errors significant errors

25%25% of which are of which are serious enough to serious enough to potentially result in a potentially result in a credit denialcredit denial

How do these errors occur?How do these errors occur? Loans, payment data or credit card

information is applied to the wrong account When filling out credit applications with

different names, i.e., Bill Smith versus William Smith

Your Social Security number was entered incorrectly on the application

A clerical error was made when the lender transferred the data from the application

Who regulates the credit Who regulates the credit reporting agencies?reporting agencies?

The Fair Credit Reporting Act (FCRA) is The Fair Credit Reporting Act (FCRA) is designed to promote the accuracy of the designed to promote the accuracy of the information in consumer credit reportsinformation in consumer credit reports

The Federal Trade Commission is the The Federal Trade Commission is the government agency responsible for government agency responsible for enforcing the FCRAenforcing the FCRA

What are Credit Scores?What are Credit Scores?

A method that uses statistical models to A method that uses statistical models to evaluate your credit worthinessevaluate your credit worthiness

Reflective of a borrower's past payment Reflective of a borrower's past payment history, outstanding credit balances, and history, outstanding credit balances, and available credit capacity at a given point in available credit capacity at a given point in timetime

Creditors use these scores, known as FICO Creditors use these scores, known as FICO scores, when deciding whether or not to scores, when deciding whether or not to offer credit to consumersoffer credit to consumers

FICO scores range from 300 to 850 pointsFICO scores range from 300 to 850 points

Other Names for Credit Other Names for Credit ScoresScores

BEACON—EquifaxBEACON—Equifax Fair Isaac—ExperianFair Isaac—Experian Empirica—TransUnionEmpirica—TransUnion

650 or higher - Indicates a very good credit profile. People falling into this range will usually be able to obtain credit quickly and at a good interest rate. 620 to 650 - The range which most credit scores fall. However, these consumers may find that potential creditors could require additional documentation for larger loans and the loan process may take longer as a result. 620 or less—May mean higher interest rates for borrowers. This does not mean that credit will be denied. The process will probably take longer and will be on less than ideal terms.

The following table is based on a $100,000 30-year fixed mortgage from myfico.com.

How Credit Scores are Used

Credit ScoreCredit Score Interest RateInterest Rate Monthly PaymentMonthly Payment

760-850760-850 6.072%6.072% $604$604

660-699660-699 6.578%6.578% $637$637

580-619580-619 9.419%9.419% $835$835

500-579500-579 10.430%10.430% $909$909

What makes up your What makes up your credit score?credit score?

5 key components to your credit score5 key components to your credit score Your buying and bill paying habits (35%)Your buying and bill paying habits (35%) Amount of credit you owe versus your Amount of credit you owe versus your

available credit (30%)available credit (30%) The length of your credit history (15%)The length of your credit history (15%) Types of credit used/your credit mix (10%)Types of credit used/your credit mix (10%) New credit that you are applying for (10%)New credit that you are applying for (10%)

What’s not in your credit What’s not in your credit score?score?

Your race, color, religion, national origin, sex and marital Your race, color, religion, national origin, sex and marital statusstatus

Your ageYour age Your salary, occupation, title, employer, date employed or Your salary, occupation, title, employer, date employed or

employment historyemployment history Where you liveWhere you live Any interest rate being charged on a particular credit card or Any interest rate being charged on a particular credit card or

other accountother account Any items reported as child/family support obligations or Any items reported as child/family support obligations or

rental agreementsrental agreements Certain types of inquiries (i.e., requests for your credit report)Certain types of inquiries (i.e., requests for your credit report) Whether or not you are participating in a credit counseling of Whether or not you are participating in a credit counseling of

any kind any kind

UltraScoreUltraScore™™

What is UltraScoreWhat is UltraScore™?™?

UltraScoreUltraScore™™ is an educational tool is an educational tool designed to help you understand and designed to help you understand and maximize your credit score by providing maximize your credit score by providing a detailed analysis of your credit report. a detailed analysis of your credit report.

UltraScoreUltraScore™™ will enable will enable you to:you to:

Understand your credit fileUnderstand your credit file Understand how your credit score was Understand how your credit score was

calculatedcalculated Help you effectively manage your financesHelp you effectively manage your finances Prepare and maintain a monthly budgetPrepare and maintain a monthly budget Develop an action plan to reduce debtDevelop an action plan to reduce debt And much, much more!And much, much more!

What you get with UltraScoreWhat you get with UltraScore™™

Retail price of $149 for one year of Retail price of $149 for one year of unlimited access to the UltraScoreunlimited access to the UltraScore™™ Web site, which includes:Web site, which includes: Credit Education CenterCredit Education Center Forms and budget sheetsForms and budget sheets Budgeting calculatorsBudgeting calculators Debt recovery information Debt recovery information

Total cost of $12.42 per month!Total cost of $12.42 per month!

Establishing Good CreditEstablishing Good Credit

5 ways to establish credit5 ways to establish credit1.1. Apply for a gasoline or department store Apply for a gasoline or department store

charge.charge. These are usually easier to obtain These are usually easier to obtain than other credit cards.than other credit cards.

2.2. Apply for a secured credit card.Apply for a secured credit card. You will be required to deposit a specified amount, usually $300 to $500 dollars into an account in their bank, and you will be issued a major credit card in the amount of the deposit.

5 ways to establish credit5 ways to establish credit(continued)(continued)

3. Take out a small loan from your credit union or bank. Deposit the money into your savings account and pay the loan back monthly.

4. If you currently have credit, ask your creditors to increase your credit limit. This will improve your credit utilization ratio thereby improving your credit score.

5. If you do not have a checking and savings account, apply for both. Having these accounts establishes you as part of the financial community and allows you to manage your money.

Our serviceOur service

We help eliminate We help eliminate any inaccurate, any inaccurate, erroneous and erroneous and obsolete information obsolete information reporting in your reporting in your credit filecredit file

Service Features Service Features Five challenge cycles, initial credit reports Five challenge cycles, initial credit reports

and credit scoresand credit scores Receive regular updates on the progress of Receive regular updates on the progress of

your file, reflecting any deletions, additions your file, reflecting any deletions, additions or alterationsor alterations

Our active customer support is available to Our active customer support is available to service your needs and answer your service your needs and answer your questions M-F, 9AM-5PM, EST.questions M-F, 9AM-5PM, EST.

Access to your progress report online 24/7, Access to your progress report online 24/7, 365 days per year365 days per year

Step 1: EnrollmentStep 1: Enrollment The online or paper enrollment The online or paper enrollment

agreement, payment, Social Security agreement, payment, Social Security and address verification are received by and address verification are received by the processing center.the processing center.

Acceptable Address Acceptable Address Verification:Verification:

Copy of drivers license or state ID with Copy of drivers license or state ID with current current addressaddress

Copy of a utility or other bill in Copy of a utility or other bill in customer’s name with customer’s name with current current addressaddress

The address The address mustmust match the one on match the one on the customer enrollment formthe customer enrollment form

Acceptable forms of Social Acceptable forms of Social Security verification:Security verification:

Copy of Social Security cardCopy of Social Security card Copy of a health insurance card Copy of a health insurance card

showing the SSNshowing the SSN Copy of W2 tax formCopy of W2 tax form Copy of paycheck stub showing all Copy of paycheck stub showing all 9 9

digitsdigits of the SSN of the SSN

The Initial Packet contains:The Initial Packet contains:

Instructions to access their progress Instructions to access their progress reportreport

Complete explanation of the dispute Complete explanation of the dispute processprocess

A dispute letter to be reviewed by the A dispute letter to be reviewed by the customercustomer

Step 2: The Dispute LettersStep 2: The Dispute Letters

The processing center will create and send The processing center will create and send you customized dispute letters based on the you customized dispute letters based on the erroneous entries from your credit report.erroneous entries from your credit report.

The processing center will provide the The processing center will provide the customer with the necessary contact customer with the necessary contact information for any questions.information for any questions.

Step 3: The Dispute ProcessStep 3: The Dispute Process The customer should review their The customer should review their

dispute letters and make any changes, dispute letters and make any changes, if necessary, and return to the if necessary, and return to the processing center.processing center.

If no changes are required, the If no changes are required, the customer will sign each set of dispute customer will sign each set of dispute letters and forward to TransUnion, letters and forward to TransUnion, Equifax and Experian.Equifax and Experian.

Step 4: Credit Bureau’s Step 4: Credit Bureau’s ResponseResponse

The customer will receive The customer will receive correspondence from the credit correspondence from the credit reporting agencies within 45 days from reporting agencies within 45 days from the time they mailed their dispute the time they mailed their dispute letters.letters.

It is It is imperative imperative that all that all correspondence is forwarded to the correspondence is forwarded to the processing center immediately.processing center immediately.

Step 5: Another Round of Step 5: Another Round of Dispute LettersDispute Letters

Every 60 days the customer’s file will be Every 60 days the customer’s file will be reviewed and updated by the processing reviewed and updated by the processing center. center.

New dispute letters are then prepared New dispute letters are then prepared and mailed to the customer.and mailed to the customer.

This process will continue until the This process will continue until the customer’s service expires. customer’s service expires.

Customer ProgressCustomer Progress The customer will receive regular updates The customer will receive regular updates

on the progress of their file, reflecting any on the progress of their file, reflecting any deletions, additions or alterationsdeletions, additions or alterations

Our interactive customer support is Our interactive customer support is available to answer questions, call 248-available to answer questions, call 248-848-9065, option #1.848-9065, option #1.

The customer has access to their The customer has access to their progress report online 24/7, 365 per year. progress report online 24/7, 365 per year.

UCES OnlineUCES Online

Customer Web site to view account and dispute letter status

www.united-credit.org Login: Customer’s Social Security Number Password: The last 4 digits of the customer’s

SSN

The Progress Report tab will show the customer’s accounts and their current status

The Processing Report tab will show the customer’s accounts and their current dispute printing status

Get the good credit you Get the good credit you deserve! deserve!

Restore your credit and Restore your credit and change your life forever! change your life forever!

United Credit Education United Credit Education ServicesServices