Credit Management
Good credit is one of the cornerstones of a sound financial life strategy. With good credit, interest rates for mortgage, credit cards and other loans can be kept at the minimum. Through our affiliation with a major credit management company, Independent Associates of Z-Group International can offer their clients a path that has the potential to lead to improvements in the clients credit scores.
Credit scores can range from a high of 850 down to below 500, with credit ratings moving from Excellent, through Good and Fair, to a low of Poor. With a credit score below 500, credit is almost impossible to obtain. For almost any type of loan, the interest rate of the loan is dependent on your credit rating. Two examples are given below relating to the impact of your credit rating on loan interest rates.
For a 5 year, $25,000 auto loan, the table below shows the impact of a person’s credit rating on both the interest rate and the ensuing monthly payments. As the table shows, monthly payment differences of up to $112 per month can exist between a Good and a Poor credit rating, amounting to additional payments of $6,500 in interest over the life of the loan.
For a home mortgage loan of $300,000 with a 30 year term, the table below shows the impact of variations in your credit rating. The difference between a person with a Poor rating relative to a person with a Good credit rating amounts to an additional $768 in monthly interest payments over the life of the loan. Imagine what you could do with $768 dollars more in spendable income if you could only improve your credit score!
Z-Group International offers you, as an Independent Associate, the ability to offer a Credit Management product that has the potential to raise a client’s credit score so that they can save on their monthly interest payments. This gives our Independent Associates a tremendous advantage over our competitors.
As a member of Z-Group International, not only will you have an opportunity to build a business but you will also receive a “Free Credit Analysis”. Our proven process is highly effective in producing results that enable our customers to purchase or refinance a home, buy an automobile or start a business. Our software technology and experienced staff enable us to efficiently process thousands of customers each month while delivering personalized service that is unsurpassed in the industry. The Fair Credit Reporting Act (FCRA) allows a consumer to dispute any information in their credit report. The FCRA provides a 3 step process that can be extremely powerful if followed precisely. This process usually results in the deletion of derogatory items that cannot be verified as accurate.
How it works….
Step 1: Sign up with Z-Group International
After you have joined Z-Group International, you will receive a welcome kit that explains our “Free Credit Restoration Process”.
Step 2: Order Credit Report
After you receive your welcome kit you will order your credit report by going to www.zgroupdirect.com Credit Management Tab and ordering your credit report. The process all starts with the credit report. The credit report must be recent and reflect the information from the 3 major credit bureaus, Trans Union, Equifax and Experian. It is also important to have all 3 credit scores to be able to judge where we start and how much progress we make.
Step 3: Returning Credit Report and Consultation
You will send a copy of the credit report along with disclosures to our office at 10 East Mulberry Street, Baltimore, MD 21202. Once we receive your credit report, we will call you within 48-72 hours to discuss the derogatory items and inaccuracies to be disputed.
Step 4: Create Client Data in our Z-Group Credit Management Database
You will have the option to use our “Virtual Assistant” to handle all administrative work and help you navigate through the system and better understand options and help draw up a vast arsenal of credit repair strategies and experience to challenge negative items directly with credit bureaus,
Step 5: Sit Back and Relax
The credit Bureaus have 30 days to investigate your dispute. After that, they must inform you on the results and their investigation, update your credit report and send you a copy of the updated report. After sending a dispute letter, it usually takes 60 days before you receive an updated credit report. When you receive all the responses from the bureaus, mail them to 10 East Mulberry Street, Baltimore, MD 21202 to move your case forward.
You are now familiar with the dispute process; I encourage you to take the first step. Having good credit can save you a lot of money.
Sign Up today
Disclosure Statement: You have the right under Fair Credit Reporting Act 15 USC Section 1781 ET SEQ., to obtain a copy of your Credit Report from Consumer Credit Reporting Agencies. You have the right to dispute inaccurate, erroneous, or obsolete information that is reported on you Credit File. The Credit Reporting Agency must then investigate and modify or remove inaccurate information. The Credit Reporting Agencies may not charge you a fee for this service. Credit Reporting Agencies are required to follow reasonable procedures to ensure that the information they report is accurate, however, mistakes occur. If the reinvestigation does not resolve the dispute to your satisfaction, you may send a brief statement to the Credit Reporting Agency to keep in your file, and to be included in any reports subsequently sent out.
If you have any questions regarding your credit restoration, account set up, or a general question about a dispute, please contact us at:
Office: 1-866-556-1621
Fax: 301-576-3631