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Fico Scoring, credit reports and debt collections

Name: Fico Scoring, credit reports and debt collections
Rating: 4.7 (12 reviews)

DIY Credit Repair, Credit Reports, FICO Scoring Debt Collection Defense from A Credit Expert

Highest Rated

Created byJohn Mackey

Last updated 9/2023

English

What you'll learn

DIY How to Do-it-yourself credit repair
How to truly understand your FICO credit score
Discover the rules of the new credit scoring game
The new Jack and Jill –Discover the power of a good FICO credit score
Debt collection defense-With an update for the new regulation F
How to reinvent yourself - no credit and bad credit to great credit
Discover the history of the credit card - How it can be used against you
Discover the history of the credit report - how it is used for and against you.
Your child and their credit report
How to fix the credit scoring system
Learn from a FICO certified professional - Q&A From the author

Course content

14 sections • 164 lectures • 5h 43m total length

John Mackey Welcome!6:54
DISCLAIMER0:30
Get Up!!! The life you want is on the other side of this course!3:12
We need to get up off the mat and discover the power we have to control our credit situation: The power of education and motivation.

FCRA 11:14
Attached is the Fair Credit Reporting Act.
FCRA 2 - YOU MUST ME INFORMED0:50
You must be informed if the credit report and that information within is being used against you.
FCRA 3 - YOU HAVE THE RIGHT TO KNOW WHAT IS IN YOUR FILE2:51
FCRA 3 - POST COMMENTS0:37
FCRA 4 - NO RIGHT TO A FREE SCORE1:09
FCRA 4 - POST COMMENTS1:22
FCRA 5 - YOUR RIGHT TO CHALLENGE1:15
FCRA 5 POST COMMENTS1:19
FCRA 6 - CANNOT REPORT OUTDATED NEGATIVE DATA1:08
NEGATIVE DATE STARTS WHEN???0:51
FCRA 7 - OPT OUT0:46
POSTSCRIPT0:32

Your Credit Score - Derivatives3:12
Who Uses the FICO System1:50
The Fair Credit Reporting Act0:40
Building Blocks1:48
"Hard Pulls" or Inquiries2:06
"Soft Pulls" or Inquiries1:40
Public Records1:49
The 5 Pillars of Your Credit0:27
Payment History 35%1:02
Amount Owed 30%0:40
Credit History 15%0:47
Last Application for Credit 10%0:56
Types of Credit0:44
FICO VS FAKO4:47
FICO 91:36
VARIOUS MODELS SPREADSHEET1:10
SAME DATA3:59
tip 1 - Pay your bills on time0:50
tip 2 - Lower your Ratios1:00
tip 3 - When to Pay a Credit Card bill1:59
Tip 4 Getting ready for the Holidays1:25
tip 5 - When is an item considered late?1:51
tip 6 - The Effect of Divorce4:31
Enter FICO 10T - Observations1:44

Introduction0:32
Lecture 2 Part 1 - The History of the Credit Report11:31
How the Credit reporting system started
Part 2 introduction0:52
History of your finances were important, but so was your social, personal and criminal history
History of the Credit Report - Part 28:24
The primary loyalty of the report was to the business community.
intro to Part 30:56
Now, computerization becomes a factor.
section 3 - history of the credit report16:22
Credit reports become a critical factor in the aggregation of data.
Conclusion0:43

INTRODUCTION - THE HISTORY OF THE CREDIT CARD0:53
13 Trillion dollars in debt. 1.3 Trillion dollars in credit card debt and growing.
History of the Credit Card - part 11:55
Big brother is watching. But it is not government I am worried about, but big data mining companies.
part 12:47
How did it all start?
part 21:59
How did the Universal card start? You will identify the 1st card ever used beyond merchant cards.
Universal credit card3:31
part 3 total5:56
The consumer payment ecosystem
part 4 total4:55
Surveillance capitalism.
conclusion0:38
Every purchase we make now is dissected, bisected, Categorized And monetized.

DISCLAIMER0:39
Introduction1:01
Why I Wrote This Course5:05
Disclaimer0:39
Downloads1:03
Here are all the downloadable documentation you will need for this section.
I Do Not Like Debt Collectors1:13
The Mackey Warning0:53
Defining A Debt Collector1:34
How Debt Is Purchased3:00
Are you Sure the Debt Collector and the Company is licensed?3:06
Debt Collection: The Rules3:13
A Real Debt Collection Call8:07
What is Wrong Here?3:45
Another Debt Collection Call2:20
The Timeline for Debt Collectors1:40
The Dun Letter - Under the Old System3:29
After the Validation2:32
You Are In Control2:22
CEASE AND DESIST4:32
The Statute of Limitations2:24
Statute of Limitations by State1:40
SOL - DLA4:17
The New Regulation F2:19
The Old Language2:07
The Old Dun Letter0:39
Regulation F - the New Rule: Phone calls, Texting, emails, voicemail6:30
Social Media1:40
Reg F - Requirement to Validate1:41
Validation Letter - What CFPB Recommends2:25
Breaking Down the Letter4:08
Action Debt collectors Must take Prior to Credit Reporting1:55
Cease and Desist1:53
Time barred Debts -0:51
The Lawsuit1:21
The Summons - introductory letter1:39
The Summons - the body1:27
The Summons - The ANSWER2:50
The Summons - How to Send It1:17
BONUS - Medical Debt5:07

My Opinions2:43
We are all subject to misinformation. Who commits this misinformation?
Common Statements People Make0:32
The truth be Told2:57
Defining the problem 41:03
The person with the 993 credit score
Defining the problem 51:33
The number of credit reports that have mistakes on them are astounding. And judgments come down from on high regarding your credit capabilities.
Defining the problem 62:10
If you don't know the rules how can you play the game?

Requirements

No Special requirements to learn or take this course
Desire to learn the rules of the credit scoring game.
Desire to learn the NEW rules of debt collection.
Desire to take care of your financial life

Description

This course will give you everything you need to know about FICO credit scoring, debt collection defense, and how to “fix” your credit report. We will go over the history of the credit report, history of credit cards, an examination of FICO scoring, when to pay your bills for maximum beneficial scoring and why not to pay a debt collector until you do this. Example letters will be given for those that want them to challenge debt collectors and credit reporting agencies. We will go over how to evaluate a credit report and where to go to get a credit report. An examination of the Fair Credit Reporting Act will be done along with an understanding of The Fair Debt Collection Practices Act.

SECTIONS WITHIN THIS COURSE

The History of The Credit Report

The History of The Credit Card

The Fair Credit Reporting Act (FCRA)

FICO Scoring and Credit Reporting

The Fair Debt Collections Protection Act (FDCPA)

Credit Repair Strategies

Jack and Jill – a comparison analysis of two individuals: one with a 620 score and another with a 720 score as they go through life.

Debt Collection Defense

Questions and Answers regarding common, and important, credit reporting and debt collection issues.

Who this course is for:

This course is for anyone who uses debit or credit cards.

Fico Scoring, credit reports and debt collections

What you'll learn

Explore related topics

Course content

Introduction3 lectures • 11min

The Fair Credit Reporting Act12 lectures • 14min

credit reports and FICO scores8 lectures • 12min

What is a Credit Score and How It Is Derived24 lectures • 43min

The History of the Credit Report7 lectures • 39min

The History of the Credit Card8 lectures • 23min

Jack and Jill - The Power of a Good Credit Score12 lectures • 19min

Debt Collectors - Lies, Damn lies and Deceit incl The New Regulation F39 lectures • 1hr 38min

WHO CUT THE CHEESE6 lectures • 11min

The Power to Reinvent Yourself - the Power of Positive Trade Lines6 lectures • 17min

Requirements

Description

Who this course is for: