"Hey, I'm Talkin' Here!"

Our credit scoring system, which has been in place since around 1995, is in urgent need of an overhaul.

Previously, a bank officer would assess a loan application based on the bank's criteria. Today, computers can evaluate credit reports in seconds to determine eligibility.

However, the current system has several critical issues:

1. The sheer number of different scoring systems in use.

2. The length of time derogatory items remain on credit reports.

3. The presence of erroneous data and the difficulties in correcting it.

4. Issues with how data is collected.

5. The use of credit reports by debt collectors to pursue questionable debts.

I will analyze these issues to propose solutions that promote greater fairness and equity in credit scoring.

With over 35 years of experience in credit reporting and scoring, I am eager to share my expertise with your group. Addressing these issues is crucial for the vitality of our capitalistic system.

Please consider having me speak to your group at your earliest convenience!

This introductory class is tailored for high school juniors and seniors, as well as college students, providing a comprehensive overview of the credit scoring system—an essential aspect that will significantly influence your financial future.

In this course, we will explore:

The Five Pillars of Credit Scoring: Understand the fundamental components that determine your credit score, including payment history, credit utilization, length of credit history, types of credit accounts, and recent credit inquiries. Learn how each pillar impacts your score and how to optimize them for better credit health.

How to Establish Credit Without Borrowing or Purchasing: Discover strategies for building a positive credit history without incurring debt or making purchases. We will cover alternative methods such as becoming an authorized user, using secured credit cards, and more.

The Impact of Student Loans on Your Credit Report and FICO Score: Gain insight into how student loans can affect your credit profile and FICO score both while you’re in school and after graduation. Learn about the nuances of managing student loan debt and maintaining a good credit standing.

Additional Topics: We will also delve into various other relevant subjects, including understanding credit reports, how to dispute errors, and strategies for maintaining a healthy credit score throughout different stages of life.

This class offers you the opportunity to learn what many people don’t know about credit scoring and financial management. Equip yourself with knowledge that can set the foundation for a strong financial future and avoid common pitfalls. Join us to gain a valuable understanding of how credit works and how to navigate it effectively.

This course is designed to provide you with a comprehensive understanding of FICO credit scoring, debt collection defense, and strategies for improving your credit report. Here’s what you can expect to learn:

Complete Overview of FICO Credit Scoring:  Gain in-depth knowledge about the FICO scoring model, including how your credit score is calculated, the factors that influence it, and practical tips for optimizing your score. Understand the nuances of credit scoring and how it impacts various aspects of your financial life.

History of Credit Reports and Credit Cards: Explore the evolution of credit reports and credit cards to understand their role in modern finance. We will discuss how credit reporting has developed over time and how credit card usage has changed, providing context for the current system.

Effective Strategies for Bill Payments: Learn the best practices for paying your bills to maximize your credit score benefits. We will discuss timing, payment methods, and how to manage your payments to enhance your credit profile.

Dealing with Debt Collectors: Understand why it’s crucial not to pay debt collectors until you’ve completed certain steps. We’ll cover the reasons behind this advice and provide practical strategies for negotiating and managing debt collection.

Example Letters for Challenging Credit Issues: Receive sample letters you can use to dispute inaccuracies with debt collectors and credit reporting agencies. These templates will help you address and rectify issues with your credit report effectively.

Evaluating Your Credit Report: Learn how to thoroughly assess your credit report to identify errors and areas for improvement. We’ll guide you through the process of obtaining and reviewing your credit report to ensure it reflects accurate information.

Understanding the Fair Credit Reporting Act (FCRA): Get acquainted with the FCRA, which governs how credit reporting agencies handle your credit information. We’ll discuss your rights under this law and how to use it to your advantage.

Insights into the Fair Debt Collection Practices Act (FDCPA): Understand the FDCPA, which regulates the behavior of debt collectors. Learn your rights and protections under this law to defend yourself against unfair debt collection practices.

By the end of this course, you will have a thorough understanding of credit scoring, effective debt collection defense strategies, and practical methods for improving and managing your credit report. Join us to equip yourself with the knowledge and tools necessary to navigate and master your credit and financial future.