By Your Name Your Company Name Date

1. Your Credit Score ByYour Name Your Company Name Date

2. A 3-digit number used by lenders to evaluate the risk associated with lending you money It is generated by a mathematical model created by Fair Isaac & Company in the 1950’s. There are 3 Major Credit Bureaus, Equifax, Experian and Trans Union –You have 3 Scores Scores range from 350-850 What is a Credit Score?

3. What is a Good Score? • Above 720 = Excellent • = Good • = Fair • Below 620 = Poor

4. The Cost of Bad Credit HOW MUCH WOULD YOUR MIDDLE SCORE COST YOU IN A MORTGAGE LOAN TRANSACTION AT TODAYS RATES? Home Financing: A 30-Year Fixed with a loan principal amount of $359,650* • If your score improves to 720-850, you couldsave an additional $318,329 • If your score improves to 700-719, you couldsave an additional $308,047 • If your score improves to 675-699, you could save an additional $263,094 • If your score improves to 620-674, you could save an additional $163,422 A borrower who increases his or her credit score from 620 to 720+ can potentially save $884 per month on mortgage payments, $10,608 per year, and approximately $318,329 over the life of the 30-year loan.*

5. Five Factors of Credit Scoring Payment History Late Pays Collections Charge-Offs Repossessions Foreclosures Tax Liens BK’s Judgments Length of History New Credit Soft Inquiries Hard Inquiries Types of Credit Used A Mortgage Loan An Auto Loan 2-3 Major Credit Cards Amounts Owed Credit Cards Mortgage Loans Auto Loans HELOC’s Installment Loans

6. 1. Payment History 35% – How do you pay your bills? WHAT YOU SHOULD KNOW • A recent • Paying a collection • Being past due • Derogatory accounts do NOT • A divorce decree CONTENT REMOVED FOR DEMO PURPOSES

7. 2. Amounts Owed 30% – Managing Your Debt WHAT YOU SHOULD KNOW • New debt • Keep balances below • When preparing to • Don’t consolidate • If you go over the limit on your credit card • HELOC’s • Do not close credit cards EXCEPT • USE YOUR CREDIT CARDS or CONTENT REMOVED FOR DEMO PURPOSES

8. 3. Length of History 15% 4. Mix of Credit 10% WHAT YOU SHOULD KNOW • Hold onto • New credit users • The best mix of credit is • The type of credit card matters because • The best amount of credit cards to have is CONTENT REMOVED FOR DEMO PURPOSES

9. 5. Inquiries – 10% WHAT YOU SHOULD KNOW • Soft vs. Hard Inquiries • 14 Day • Inquiries affect the score • Inquiries can cost between • You are Pre-Approved means CONTENT REMOVED FOR DEMO PURPOSES

10. START IMPROVING YOUR CREDIT SCORES TODAY! Step 1 - CONTENT REMOVED FOR DEMO PURPOSES Step 2 - Step 3-

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