How to help clients with collections!

How to help clients with collections!

It is very common to find a collection on your client's credit bureau. Find out the best ways to help your client deal with issues, so you can get them approved for best rate mortgage financing as quickly as possible. Resources: Video for your clients to help them better understand how to deal with collections - https://youtu.be/WR433BZk538 [https://youtu.be/WR433BZk538] How to build your business with past Bankruptcies and Consumer Proposals - https://www.facebook.com/groups/731868324863099/posts/924611988922064 [https://www.facebook.com/groups/731868324863099/posts/924611988922064] Youtube playlist of debt programs - https://www.youtube.com/playlist?list=PLPRlFaBC4efSk91NoqR13DkaUwD-twMf [https://www.youtube.com/playlist?list=PLPRlFaBC4efSk91NoqR13DkaUwD-twMf] The importance of reviewing both Equifax and TransUnion with Jamie Ushko - https://www.facebook.com/groups/731868324863099/posts/788487322534532/ [https://www.facebook.com/groups/731868324863099/posts/788487322534532/] Garnishing Wages Definition - https://creditgame.net/wp-content/uploads/2023/02/Garnished-Wages-Definition.png [https://creditgame.net/wp-content/uploads/2023/02/Garnished-Wages-Definition.png] Statute of limitation map - https://creditgame.net/wp-content/uploads/2022/10/Satute-of-Limitation.png [https://creditgame.net/wp-content/uploads/2022/10/Satute-of-Limitation.png] How long does a collection stay on the report - https://creditgame.net/wp-content/uploads/2023/02/Collection-on-report-timeframe.png [https://creditgame.net/wp-content/uploads/2023/02/Collection-on-report-timeframe.png] How to save thousands by negotiating - https://youtu.be/jUi7LMKAAFk [https://youtu.be/jUi7LMKAAFk] Ashley Pillay contact info PH: 647-667-0351 EMAIL: apillay@canadiandl.ca [apillay@canadiandl.ca] Links to get your client's credit report: FREE EQUIFAX REPORT: How to navigate the process - https://www.youtube.com/watch?v=gwmGM1iUgZA [https://www.youtube.com/watch?v=gwmGM1iUgZA] Direct link - https://www.consumer.equifax.ca/.../credit-score-report/ [https://www.consumer.equifax.ca/.../credit-score-report/] Mail in Request form (They no longer accept faxed in copies) - https://assets.equifax.com/.../creditReportRequestForm.pdf [https://assets.equifax.com/.../creditReportRequestForm.pdf] PAID EQUIFAX REPORT: How to navigate the process - https://www.youtube.com/watch?v=SguRJpNBcQc [https://www.youtube.com/watch?v=SguRJpNBcQc] Directlink - https://my.equifax.ca/consumer-registration/?lang=en [https://my.equifax.ca/consumer-registration/?lang=en] FREE EQUIFAX REPORT THROUGH BORROWELL: How to navigate the process - https://www.youtube.com/watch?v=DSMRjVhKHCM [https://www.youtube.com/watch?v=DSMRjVhKHCM] Direct link - https://borrowell.com/ [https://borrowell.com/] FREE TRANSUNION REPORT: How to navigate the process - https://www.youtube.com/watch?v=Foh30VFVSOk [https://www.youtube.com/watch?v=Foh30VFVSOk] Direct link - https://secure-ocs.transunion.ca/secureocs/home.html [https://secure-ocs.transunion.ca/secureocs/home.html] Mail in Request form – (I don’t suggest faxing it) https://www.transunion.ca/.../Consumer_Disclosure_Request... [https://www.transunion.ca/.../Consumer_Disclosure_Request...] PAID TRANSUNION REPORT: How to navigate the process - https://www.youtube.com/watch?v=i8yTdUq-aZE [https://www.youtube.com/watch?v=i8yTdUq-aZE] Direct link - https://members.transunion.ca/tucan_en/orderStep1_form.page?offer=CANTUM10070&CID=TRANSUNION:HPB [https://members.transunion.ca/tucan_en/orderStep1_form.page?offer=CANTUM10070&CID=TRANSUNION:HPB] FREE TRANSUNION REPORT THROUGH CREDIT KARMA: How to navigate the process - https://www.youtube.com/watch?v=XS-gtbms7pU [https://www.youtube.com/watch?v=XS-gtbms7pU] Direct link - https://www.creditkarma.ca/

How to use Credit to build your New-to-Canada Business

Even if you don't speak a second language, those who are New-to-Canada are amazing referrers and need your help. Newcomers generally are hard working, have savings, and want to buy a house; they just need help building their credit and getting a high score. In this episode, Gagan Luna go through some New-to-Canada tips and the best way to improve your clients credit. Resources: Conversation for your clients - Credit 101 - https://youtu.be/Ki9KZs7YXuI CIbil - https://www.cibil.com/ Best Secured Credit Card - https://creditgame.net/free-resources/secured-credit-cards/ The freaky truth about how closing a credit card can lower your score - https://youtu.be/nBA73yYY1EI How to get an International Credit Report for your clients- https://www.linkedin.com/feed/update/urn:li:activity:7029549321276506112 The proper way to use a credit card - https://youtu.be/BXjW2P0ASBs How to use a Credit Card - PDF https://creditgame.net/wp-content/uploads/2022/12/Credit-Cards-With-Tag-Blue.png

The Right Credit Rebuilding products for your clients

Do you have a client that has been through a debt program before or just has bad credit? In this episode, I go through different types of credit prodcuts and what you need to know before you recommend it to your clients trying to rebuild their credit. Resources: Same topic just for your clients - https://youtu.be/Y6OJoQPia28 [https://youtu.be/Y6OJoQPia28]  The Underwriter's check list (The 2,2,2 rule) - https://www.facebook.com/groups/731868324863099/posts/915411879842075/ [https://www.facebook.com/groups/731868324863099/posts/915411879842075/]    5 reason you don't want to get a loan to rebuild your credit - https://www.youtube.com/watch?v=WglSrnoKZOU&t=1s [https://www.youtube.com/watch?v=WglSrnoKZOU&t=1s] Individual Credit Product Reviews: Other Reviews: Can Rent Build your Credit in Canada? - https://youtu.be/lgwX7getc7U [https://youtu.be/lgwX7getc7U]   KOHO Credit Rebuilding Line of Credit - https://youtu.be/VJXOLU9y2kY [https://youtu.be/VJXOLU9y2kY] Credit Rebuilding Loans in Canada: Refresh Financial Credit Rebuilder Loan Review - https://youtu.be/tQUDQJKch6A [https://youtu.be/tQUDQJKch6A] Spring Financial -The Foundation loan Review 2023 - https://youtu.be/nvX6-d3EW9M [https://youtu.be/nvX6-d3EW9M]Borrowell Credit Builder Review – https://youtu.be/r8xXpVryRfw [https://youtu.be/r8xXpVryRfw] RSP Loans –https://youtu.be/YxRsdm5CeqI Payday Loans – https://youtu.be/4VsW7Rs7WXM [https://youtu.be/4VsW7Rs7WXM] Paybright reviews - Basically the same as Payday loans Sezzle Review Canada - Basically the same as Payday loans Credit Rebuilding Credit Cards in Canada: Major Bank Secured Credit cards - https://youtu.be/p7etRSGssT4 [https://youtu.be/p7etRSGssT4] Neo Credit Card Review Canada – https://youtu.be/dUL8_1uUt6A [https://youtu.be/dUL8_1uUt6A] Home Trust Secured Credit Card Review - https://youtu.be/hsarbSwRCbo [https://youtu.be/hsarbSwRCbo] Plastik Secured Credit Card Reviews - https://youtu.be/CzvUuCZArko [https://youtu.be/CzvUuCZArko] Peoples Trust (No longer available) Refresh Financial Credit Card Review - (No longer available) KOHO Credit Card Canada - https://youtu.be/2eHcflE8AGI [https://youtu.be/2eHcflE8AGI] Capital One Guaranteed Mastercard Card - https://youtu.be/rP22dfzAEjo [https://youtu.be/rP22dfzAEjo]

The Credit "F-word" (How to know if a property was included in an insolvency)

As a mortgage broker, you are forced to know a little about a lot of different industries. If you have a client that has been through a bankruptcy or consumer proposal, mortgage lenders require specific supporting documents. Today we have a special guest, Doug Hoyes - licensed Trustee, to help me explain what the underwriters require. We also cover, how to confirm if there was a foreclosure (what I call the Credit "F" Word) in your client's consumer proposal or bankruptcy. Resources: Resource to pass on to your client, so they can avoid doing the worst thing to their credit! https://youtu.be/WglSrnoKZOU [https://youtu.be/WglSrnoKZOU]  Common Errors after a Bankruptcy - https://www.facebook.com/groups/731868324863099/posts/798611698188761/ [https://www.facebook.com/groups/731868324863099/posts/798611698188761/]  Which debt program is better for your Credit in Canada https://youtu.be/q70E531ldqw [https://youtu.be/q70E531ldqw]  Number to get your Bankruptcy or Consumer Proposal Documents - 1-877-376-9902 (client leaves a message and documents get sent out within a couple business days) List of Insolvency forms and what they are - https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms [https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms]   OSB Website - https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms [https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms]  Insolvency Terminology that is good to know: Debtors vs Clients - https://www.facebook.com/groups/731868324863099/posts/940883250628271 [https://www.facebook.com/groups/731868324863099/posts/940883250628271] What is a LIT? - https://www.facebook.com/groups/731868324863099/posts/940990333950896/ [https://www.facebook.com/groups/731868324863099/posts/940990333950896/] What is a Trustee? https://www.facebook.com/groups/731868324863099/posts/941005557282707/  [https://www.facebook.com/groups/731868324863099/posts/941005557282707/ ] What is a debt consultant? https://www.facebook.com/groups/731868324863099/posts/940975210619075/ [https://www.facebook.com/groups/731868324863099/posts/940975210619075/] Who is the OSB? https://www.facebook.com/groups/731868324863099/posts/941006927282570/ [https://www.facebook.com/groups/731868324863099/posts/941006927282570/] What is an OPD? - https://youtu.be/MSK-fdILCPw [https://youtu.be/MSK-fdILCPw]

The Underwriter's Checklist and the Ultimate type of Credit

Your clients might be obsessed with their three-digit number, but the underwriter is looking for more than just a high score. Find out what your underwriter considers Good Credit as we discuss established credit with Jill Mollering. We also review what I consider, the "ULTIMATE" type of credit! Resources: Which type of Credit accounts are best for your Credit - https://creditgame.net/free-resources/secured-credit-cards/ [https://creditgame.net/free-resources/secured-credit-cards/] The difference between Secured Credit and Prepaid Credit - https://creditgame.net/free-resources/secured-credit-cards/ [https://creditgame.net/free-resources/secured-credit-cards/] Jill Moellering's underwriters course - https://www.jillmoelleringmortgages.com/mortgagenerd