If you have been referred to CS1, you have probably been denied for a home loan due to a low FICO score. In the mortgage-lending world, credit scores either make or break you when it comes to obtaining a home mortgage or getting the best rate available

“As you may know, a credit score is a computer-generated number that summarizes an individual’s credit profile and predicts the likelihood that a consumer will repay future obligations. By comparing this information to thousands and thousands of credit reports, credit scoring identifies your level of credit risk. Most consumers have no idea how influential the score is in the loan process, and although it may seem an impossible task, with the help of CS1, you may be able to overcome the obstacle you are facing today in a very short period of time.

1. CS1 Will Help You Understand the Requirements of the Lender in Advance. The first step to ensuring a successful loan process is to have a good understanding of how lenders will look at your financial portfolio as it relates to credit.  This can be accomplished by getting the answers to some basic questions like:

·         What do lenders like to see in terms of credit scores?

·          Do lenders prefer a credit report from a particular bureau?

·          What are the debt-to-income ratios lenders are looking for?

·          What is the most critical factor stopping your loan approval?

Unless you are an expert in the field of finance and credit, it’s close to impossible to know what questions should be asked to come up with a strategy that would result in a successful loan process. We can work with your mortgage professional directly to determine what factors are key to loan approval. Once this information is in place, we can go onto the next step of this process.

2. CS1 Will Help You Determine “How To” Achieve the Necessary Results. The second step is to determine how you can achieve the results necessary to get the best financing available. That’s where CS1 can really help you. One of our consultants will give your credit situation an in-depth assessment based on the initial information we receive from you.   The assessment takes several hours and becomes the foundation for the strategy used in the credit improvement process. It’s like having an appraisal done on your home.   The appraiser goes into great detail to determine what you need to do in order to maximize the potential listing price of your home.   You have the choice to hire outside professionals to carry out the suggestions listed on the appraisal or you can do the work yourself.   Once you hire CS1, we go to work for you wherein our experience and expertise will guide you through the steps we believe are necessary to help you turn your “denied application” into an “approved loan” as soon as possible.

3. CS1 Will Help You Do the Work Necessary to Achieve Those Results. The third step is to do the work. CS1 will utilize all available and legal methods allowed by consumer law to see deletion of derogatory information from your file. Some of the many strategies that CS1 will employ to help you reach your credit score goals are:

·         Validation of Debt

·         Debt Expiration

·         Statute of Limitations Expiration

·         FDCPA/FCRA Violations
CS1 will also work with you to:

·         To make sure you have the right mix of open active credit working for you

·         To make sure that you are managing your open active accounts effectively

·         To make sure that you avoid making mistakes that could bring your scores down

·         To make sure that your limits, balances, personal, demographic and identification information is accurately reported across all three major credit bureaus.