A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
What is a Credit Card?
100
The best way to prepare is to think the process through and write down your desires/goal.
What is the best way to prepare for homeownership?
100
The Federal Fair Credit Reporting Act (FCRA) a governing Federal agency
What is FCRA
100
Disputing is challenging the legitimacy of reported information to your personal credit file.
What is disputing?
100
When you repair your credit yourself. YOU CAN DO IT!
What is self repair?
200
Secured Card
What is the best credit card to get to build credit?
200
The first step in the homeownership process next to get your credit repaired.
What is get pre-approved?
200
Attorney Generals Office (Christopher Carr)
Who governs credit repair on the local level.
200
Federally (Twice a year)
Kimberly-Monthly through a Monitoring service
How often should you check your credit Report
200
What is within 30 days
What is the timeframe for a response from a credit agency or company?
300
30% (national)
7% (Kimberly) Why?
What is the best percentage to use on credit cards for utilization?
300
What we think affects how we act and feel. What we do affects how we think and feel, What we feel affects what we think and do.
What is Cognitie Behavioral Therapy (CBT) in relation to obtaining a home.
300
A system creditors use to help determine whether to give you credit.
What is credit scoring?
300
Unlimited disputes within a 30-day timeframe.
What is how many disputes can you make?
300
IN WRITING
What is -How the credit agencies or companies have to respond to your investigation or inquiry?
400
Right when you receive the statement in the mail. (Why?)
When is the best time to pay your credit card statement balance.
400
An inexpensive way to discover the universal condition of a home to avoid costly mistakes by purchasing a property in need of major repairs (unknowingly).
What is the importance of a home inspection.
400
Statutes of Limitation
What is SOL
400
To fix legitimate errors on your credit report
What is the reason to file a dispute.
400
NEVER
What is a good time to CALL a dispute in?
500
Charge one small thing to the card each month
What is the best way to use credit cards to build your score
500
A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property with the condition that the conveyance of tittle becomes void upon the payment of the debt.
What is a mortgage?
500
Credit Repair Organization Act- The Credit Repair Organizations Act. The federal Credit Repair Organizations Act (CROA) (15 U.S.C. § § 1679–1679j) regulates for-profit credit repair clinics. Under the federal law, a credit repair clinic must: give you a written statement of your rights under the Fair Credit Reporting Act.
What is CROA
500
To make sure the information is accurate, complete, and up-to-date before you apply for a loan for a major purchase like a house or car, buy insurance, or apply for a job.
What is why you review your credit report periodically?
500
You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies.
annualcreditreport.com
or through monitoring sites