Details on why and how finance companies benefit from high risk borrowers with credit problems and low credit scores. Learn which illegal tactics your creditors are using to purposely lower your credit scores and which easy steps you can take to prevent them from damaging your credit. Every item on your credit report must be reporting 100% accurately, must be verifiable, and reporting within the statue of limitations or it must be removed. This presentation gives you an enormous amount of helpful tips to improve your credit and increase your credit scores.

1. Why Finance Companies Benefit From High
Risk Borrowers
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2. What is credit score and credit risk?
Your credit score is a 3 digit number that lenders,
employers, Insurance companies use to gauge how
much of a risk that you are
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3. Your credit score is used to determine if you will pay
back a loan on time, be a responsible employee, or
be a high risk to an insurance company.
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4. The lower the credit score, the higher the risk
The higher the credit score, the lower the risk
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5. How do creditors make money from loans?
The extra interest is where the lender makes their
profit from the loan
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6. The profits are only made when you go late and now
you become liable for a higher interest rate.
On a zero percent interest loan, the lender stands
to make no profit
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7. Studies show that credit card companies make 3
times more money from sub prime borrowers than
prime borrowers
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8. The Fed recently pointed out that credit card earnings
from banks have been consistently higher than all
other bank activities.
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9. The majority of credit card companies profits are
made from the interest charged on outstanding
balances.
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10. The lower your credit score is, the more money a
lender will make off you through higher down
payments and higher rates which ultimately cost
you more money.
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11. Yes, not only do they prefer them, but they go out of
their way to ensure that most people have a low
credit score so that they can charge higher fees.
Do lenders prefer people that are high risk?
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12. Many creditors make minor negative adjustments to the
information that they report to the credit bureaus about
you to ensure that your credit is negatively impacted,
so that they can adjust your rate and fees.
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13. One common way is that they change the date of last
activity to a more recent date so that the negative
account will report to your credit longer than the
statue of limitation
How do companies alter the information that reports
to your credit report?
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14. Another common scheme that creditors use is to report
the same account multiple times so that it has more of
a negative impact to your credit.
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15. Although the system should be fair, unfortunately
that’s not the reality. These are just a few of the
tactics that are used by unethical lending companies
to hurt your credit and lower your scores.
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16. You need to directly challenge the creditors that are
reporting negative information to your credit
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17. Download a Free copy of the E-book
Get your copy of the book at
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