Description
Gain valuable insights and actionable steps to enhance their credit profiles.This live webinar on Building A Credit Profile For Success is a comprehensive guide designed to empower individuals with the knowledge and strategies they need to manage their personal credit effectively. The agenda covers essential topics, including the optimal number and types of credit accounts, responsible credit usage, debunking myths about credit repair, dispute resolution methods, and proactive financial measures, such as navigating COVID19 mortgage assistance programs and negotiating with credit card companies. It also offers practical insights on preparing for a mortgage application, outlining dos and don’ts, explaining where to obtain mortgage credit reports, and highlighting the key differences between FICO and Vantage scores. Attendees can expect to gain valuable insights and actionable steps to enhance their credit profiles, make informed financial decisions, and achieve their financial goals.
Date: 2024-01-18 Start Time: End Time:
Learning Objectives
Building a Credit Profile for Success
• How Many Accounts to Have: Discuss the Ideal Number of Credit Accounts,
• Considering Factors Like Credit Mix, History, and Individual Financial Goals
• Types of Accounts: Explain the Various Types of Credit Accounts, Including Credit
• Cards, Loans, and Revolving Credit Lines
• Using Your Accounts Properly: Offer Insights on Responsible Credit Usage, Such as
• Paying Bills on Time, Managing Credit Limits, and Avoiding Maxing out Credit Cards
Fixing Current/Past Issues
• Myths About Credit Repair: Address Common Misconceptions About Improving
• Credit Scores, Such as the Idea That Paying off a Debt Immediately Boosts Your
• Score
• Ways to Dispute: Explain the Process of Disputing Inaccuracies on Credit Reports,
• Including Gathering Evidence and Submitting Disputes to Credit Bureaus
• Ways Not to Dispute: Highlight What Not to Do When Disputing Credit Report Errors,
• Such as Making Frivolous Disputes or Attempting to Remove Accurate Negative
• Information
Being Proactive Instead of Reactive
• COVID Mortgage Assistance Still Available in Most States: Discuss Available
• COVID-19 Relief Programs and How They Can Impact Credit During These
• Challenging Times
• Negotiating With Credit Card Companies: Share Strategies for Negotiating With
• Creditors to Potentially Lower Interest Rates, Negotiate Settlements, or Establish
• Repayment Plans
Preparing for a Mortgage
• Dos and Donts: Offer a Checklist of Actions Borrowers Should Take and Avoid
• When Preparing for a Mortgage Application
• Where to Get Your Mortgage Credit Reports: Explain How Individuals Can Obtain
• Their Credit Reports From All Three Major Credit Bureaus (Equifax, Experian,
• Transunion)
• Biggest Difference Between Fico and Vantage Scores Highlight Key Distinctions
• Between Fico and Vantagescore Credit Scoring Models, Emphasizing Their
• Importance in the Mortgage Application Process
Q and A
Irene Day-Hannah Financial
