What is the best token of appreciation that a client has ever given you?

How Are Scores Calculated?

Your credit report is the basis of your FICO® score. The report details your credit history as it has been reported to the credit reporting agency by lenders who have extended credit to you, by court records and by you. The FICO score analyzes information from the trade line, inquiry, public record and collection sections of your credit report.

A FICO score evaluates five main categories of information in your credit report, and compares this information to the patterns in hundreds of thousands of past credit reports. These five categories are, in order of importance:

1. Payment history - what is your track record? 35 % of the score

Risk predictors here look at:

·   Severity - how bad are the delinquencies?

·   Recency - how recent are they?

·   Frequency - how many times did it occur?

2. Amounts owed - how much is too much? 30% of the score

      Risk predictors here look at:

·   Large outstanding balances

·   The ratio of balances to credit limits

3. Length of credit history - how established is yours? 15% of the score

      Risk predictors here look at:

·   Age of the trade lines - (the age of the oldest account, the average age of accounts, or both).

4. New credit - are you taking on more debt? 10% of the score

Risk predictors here look at:

·   Number of inquiries and new account openings 

5. Types of credit in use - is it a healthy mix? 10% of the score

Sincerely, 

What is a good gift to give a loan officer, broker or anybody that sends you a referral?  What have some of your gifts been that you have been pleased with and it hasn't violated respa?  What do you think is the best gift and the worst gift somebody could give or receive?

Steven Barton

888-469-7672 x 235 office

214-213-9960 mobile

888-436-6154 fax

s.barton@rmcninc.com

http://www.rmcninc.com/

I was just wondering if anybody still sent out hand written thank you cards?  I do credit restoration and I generaly send one out to all of my new clients that I speak with.  Is this still something of the norm or am I wasting my time?

Steven Barton

888-469-7672 x 235 office

214-213-9960 mobile

888-436-6154 fax

s.barton@rmcninc.com

www.repairmycreditnow.com

We at repairmycreditnow.com helps loan officers approve more loans.  The people that you can not get approved for a mortgage because of credit related issues are our ideal clients.  With a 70-90% deletion rate and 50-80 point increase per bureau, who wouldn't want to use our help.  If this is something you may be interested in then call me 214-213-9960 so we can further discuss how we can be of assistance to each other.

Steven Barton

888-469-7672 x 235 office

214-213-9960 mobile

888-436-6154 fax

s.barton@rmcninc.com

www.rmcninc.com