Understanding Consumer Credit Reports & Scores:
Incorporating FACT Act Compliance
Wednesday, April 15, 2009 • 3:00 pm – 4:30 pm Eastern
Are you in compliance when you use one credit scoring model such as FICO, Beacon, Emperica? What credit factors
determine that elusive credit score? How can a member or the credit union legally improve the FICO score? Why does
the score to change so often? Can we get scores on commercial credit applications? Do the bankruptcy and fraud
scoring models work? How can we use credit scores to streamline the lending and account opening process? These are
just a few of the questions we will answer in this informative session.
Credit scores – Learn what affects your member’s score in both positive and negative ways – How the scoring
systems work may surprise you.
Scoring systems known as FICO, Emperica, and Beacon – Understand their strengths and weaknesses.
Scoring products – Which scoring product is right for different types of lending?
Fair Credit Reporting Act (FCRA) – Review of the new FACTA RED Flag guidelines making sure your credit union
is in compliance.
Build a better portfolio – How to open better loans using credit scores to streamline the process and build quality
Make credit decisions, approve, & open accounts faster – Members want it NOW! Offer more products and
services to the BEST members.
Bankruptcy – Evaluate the new bankruptcy scoring models and determine the right one for your credit union.
Accounts receivable scoring – Scoring your past dues will help you prioritize your efforts, and reduce charge-offs.
Review of the Big Three Credit Reports including TRI-MERGE Reports – Which reports are best and how you can
inexpensively determine the best report for your area.
ABOUT THE PRESENTER – Greg Souther
Greg is President of Greg Souther Consulting & Seminars, a firm that provides training and consulting to businesses in
the areas of Customer Service & Communication; Credit & Collections; Fraud & Security; and Marketing & Sales.
Previously, Greg was co–owner and President of The Credit Bureaus of Southeast Georgia, the parent company for six
credit reporting and collection agencies based in Brunswick, Georgia.
Formats: $189 per telephone or webcast connection. Unlimited Listeners
$189 CD only
$219 for telephone or webcast connection and CD
You may purchase a *CD Rom/Printable Handout set of this presentation and have an “off-the-shelf” training program for those that
were not able to attend the live seminar and for future training purposes. *CD Rom for PC use only NEW! The CD-Rom now
contains the speaker’s visuals, which are synced to the audio recording! A great new improvement at no extra
cost to you!
Cancellation: Refunds will be issued, less a $50 administration fee, up until the handouts and access information are emailed.
For more info...call us at 800-572-7359 or 423-899-2425 x 119 or 138 FAX: 423-899-8726 MAIL: P.O. Box 21550, Chattanooga, TN 37424
Sign Us Up! Understanding Consumer Credit Reports & Scores: Incorporating FACT Act Compliance
April 15, 2009
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