The Blue Water Credit Team:

Who Is Blue Water Credit?

• We are a Local Legal and Ethical Credit Restoration Company.

• Our Purpose is helping our clients improve their credit, to qualify to purchase a home or for Peace of Mind

• Bonded in the State of CA- BUIFSU0484434

• Registered with Dept of Justice yearly.

• Guaranteed Results! (see website for details).

• We will not take on clients that we feel we can’t help.

• We believe in having clear communication and expectations with our customers.

Rated “A” with BBB

What exactly is it?

Credit Score

FICO is the only credit score banks use. You can only get your FICO score from www.myfico.com or from a lender

Predicts the statistical chance of a consumer becoming 90 days late or more on a particular loan obligation in the next two years

Each score is specific for each bureau Why aren’t all three scores the same?

We have seen numerous types of credit scores (other than FICO)

1 out of 4 Americans have less than a 600 FICO

The Credit Score

The Bank’s Odds

Score Odds of Being Late 800 1500 to 1 720 650 to 1 680 100 to 1 650 50 to 1 620 15 to 1

It is virtually impossible to predict score, but these are some estimates on points lost to a score of 740:

30 days late: 40 - 110

90 days late: 70 – 135

Foreclosure, short sale or deed-in-lieu (same effect): 85 – 160

Bankruptcy: 130 – 240

The higher the score the larger the loss.

Impacts on Credit

Blue Water Credit

• At Experian: Experian, FICO Risk Model V2–Personal finance Experian, FICO Risk Model V2– Installment Loan Experian, FICO Risk Model V2 – Bankcard Experian,FICO Risk Model V2 – Auto Experian, FICO Risk Model V2 Experian, FICO Risk Model V3 Experian, FICO Risk Model V3–Auto Experian, FICO Risk Model V3–Personal Finance Experian, FICO Risk Model V3– Installment Loan Experian, FICO Risk Model V3–Bankcard Experian, FICO Risk Model 08–Mortgage Experian, FICO Risk Model 08–Auto Experian, FICO Risk Model 08–Bankcard Experian, FICO Risk Model 08 Experian, FICO Advanced Risk Score 1.0 Experian, FICO Advanced Risk Score 2.0

• At Equifax: BEACON 09 BEACON 09 Mortgage BEACON 09 Bankcard BEACON 09 Auto BEACON 5.0–Mortgage BEACON 5.0–Auto BEACON 5.0–Bankcard BEACON 5.0–Installment BEACON 5.0–Personal Finance BEACON 5.0 BEACON 96 BEACON 96–Auto BEACON 96–Bankcard BEACON 96–Personal Finance BEACON 96–Installment Pinnacle 1.0 Pinnacle 2.0

• At TransUnion: FICO Risk Score, Classic 98 FICO Risk Score, Classic 98 Auto FICO Risk Score, Classic 98 Personal Finance FICO Risk Score, Classic 98 Installment Loan FICO Risk Score, Classic 98 Bankcard FICO Risk Score NextGen FICO Risk Score NextGen 03 FICO Risk Score, Classic 08 FICO Risk Score, Classic 08 Auto FICO Risk Score, Classic 08 Bankcard FICO Risk Score, Classic 08 Mortgage FICO Risk Score, Classic 04 FICO Risk Score, Classic 04–Auto FICO Risk Score, Classic 04–Bankcard FICO Risk Score, Classic 04 – Installment FICO Risk Score, Classic 04–Personal Finance

The Different Types of FICO Scores

www.MyFico.com

-Past Delinquencies Late payments, Collections, Charge Offs, Liens.

-Debt Ratio Credit Card Balance vs. Limit. Keep lower than

30%

-Average Age of File The Older Credit Cards Score More

-Mix of Credit 3-5 Credit Cards, 1 Auto, 1 Home

-Inquiries 85 pts: Lose Up to 5 points

Exception:

Rate Shopping: for Auto or Mortgage

Credit Score Components

Fico Score Range: 300 to 850 points

Delinquencies 35%

Debt Ratio 30%

Age of Credit 15%

Mix of Credit 10%

Inquiries 10%

Is Bad Credit a Life Sentence?

Unpaid tax liens 15 years from filing date

Bankruptcies Chapter 7 & 11 10 years from filing date

Bankruptcies Chapter 13 7 years from filing date

Paid Tax Liens 7 years from date satisfied

Late Payments 7 years

Short sale, foreclosure 7 years

Charge-offs 7.5 years from 1st late payment

Judgments 7 years or S.O.L. (if longer)

Inquiries 2 years

Length of Time Derogatory Information is

listed on your report:

Settling Collections or Charge Offs

True or False?: Paying a collection will increase credit scores? False! One of the most common myths about credit scores (FICO) is that if

you were to pay or settle collection accounts that your scores improves. paying a collection will not increase your score because it’s the fact that the account went into collection status is what’s hurting it. The only way your score will increase is if the collection agency deletes it off your credit report or if we manage to delete the account with the credit bureaus. The collection agencies are not obligated to delete the account off your report just because you pay the amount. The only thing the agency is legally obligated to do is update the balance to zero.

-Settled for less than full balance has the same effect on credit score with a collection or charge off.

Always get the agreement in writing before you give them any money!

Account in Dispute

While the credit bureaus are conducting their investigation of the validity and accuracy of an account they will often times

put the verbiage, "consumer disputes account information" or "information disputed by consumer" in the comments section

of that particular account.

Example:

How to Remove an Account in Dispute

1. Call the creditor directly. Explain there is a Compliance Condition Code listed on the credit report that reads “Account Information Disputed by Consumer”. Request it be removed by submitting a Universal Data Form to the credit bureaus.

2. Request that you get something in writing.

3. Mail written requests to the credit bureaus.

We Are Here to Help:

Improving credit scores for qualification

Settling Debt:

Removing “Account in Dispute” from credit reports

Credit report review and advice

Getting short sales and foreclosures to report

correctly

About Credit Repair

Fees can not be charges upfront. Only after services have been performed.

Company must be bonded and registered with the Department of Justice each year.

100% removal of negative items can not be guaranteed.

Results take 30 to 45 days in most cases.

Items that are hurting a credit score can be removed if they are: Incorrect, incomplete, outdated or unverifiable.

Items that can be permanently removed from a credit report are: late payments, paid collections, paid charge offs, judgments, tax liens, accounts included in bankruptcy, bankruptcy, and inquiries.

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Address: 300 Harding Blvd., Ste 205, Roseville, CA 95678

Phone: 916-315-9190 or 877 577 7496

Website: www.bluewatercredit.com

Facebook: www.facebook.com/bluewatercredit