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TABLE OF CONTENTS

INTRODUCTION TO CREDIT 02

HOW CREDIT REPORTING WORKS 02

KNOW YOUR CREDIT 08

MIX OF ACCOUNTS 11

11
THE TRUTH

12
METRO 2 COMPLIANCE BASED DISPUTING -
REMOVING DEROGATORY ITEMS
15
THANK YOU

01
 INTRODUCTION TO CREDIT
Credit is the ability to obtain goods or services before making the full
payment, based on the trust that payment will be made in the future.
In this document we will be going through the step-by-step process
to understanding and improving your credit.

Credit scores are used to determine your risk factor for future loans.
The three-digit score is a numerical representation that indicates
how risky a borrower you are from a lender's perspective. A higher
credit score can help improve the terms and conditions you qualify
for. For example, your credit scores impact the deals and interest you
will receive when you buy a home, finance a car, rent an apartment,
apply for a job, buy insurance, purchase a cell phone, or open a new
credit card. The first step to credit repair is understanding how credit
reporting works.

HOW CREDIT REPORTING WORKS

The credit reporting system is made up of three main
players:
Consumers
Credit bureaus
Financial companies

I- Consumers: A Human Being or Corporation who purchases goods

and services for personal or business purposes.

II- Credit Bureaus: Information about your credit cards, loan accounts
and credit inquiries is reported electronically through TransUnion,
Equifax, and Experian by lenders and creditors about every 30 days.
These bureaus collect and store your credit information in your
profile for future reference. Meaning, your behaviors can be
reviewed in the future by others to determine your risk level. A
personal credit score can range between 300-850. A credit score of
700 or above is generally considered as good. A score of 800 or
above on the same range is considered to be excellent. Most credit
scores fall between 600 and 750. Higher scores represent better
credit decisions and can make creditors more confident that you
will repay your future debts as agreed.
02
 Businesses such as auto loan lenders, banks, credit card
companies and insurance agencies use your credit data from the
credit bureaus to determine your risk level. Once they have an idea
of how risky it is to lend you money, they can determine the rates
you'll have to pay or other terms and conditions. They may also
use this information to send you pre-approved offers in the mail.

III- Financial Companies: A company concerned primarily with

providing money, as for short
term loans. Finance companies are commonly referred to as
"lenders of last resort." Their rates and terms are not as
favorable as those offered by banks and credit unions so higher
risk consumers tend to depend on them for their credit needs.
As such, having a finance company account on your credit report
could cost you points.

In summation, Credit Reporting works like this. Credit scores are used
by lenders to make decisions about whether or not to offer you credit.
When creditors and lenders check your credit, they'll very likely do so
with one of the major Credit Reporting Agencies, TransUnion, Equifax,
and Experian. These three agencies retain information on more than
200 million Americans.

The data the bureaus have in your credit files is used to calculate your
credit scores. Your credit scores are determined by five major factors:

Payment History
Debt Usage
Age of Credit Accounts
Types of Accounts
Number of Inquiries

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1. Payment History

Your payment history is a record of on-time, late and missed

payments on past and current credit accounts. These accounts can
include credit cards, lines of credit, personal loans and mortgages.
Your payment history indicates to a potential lender the likelihood of
you successfully repaying your debt — or going into default. It also
factors into a significant percentage of your credit score. Though
exactly how much it contributes isn't clear — scoring models like to
keep their algorithms close to the vest. FICO, however, claims that
35% of your FICO Score comes from the behaviors revealed by your
payment history.
Payments made far after their due dates ultimately weight more
heavily on your score. This is because negative scores tend to
increase the longer it takes you to repay your obligations. However, a
payment history that's free of late payments doesn't guarantee a
high score. Neither will a handful of late payments dramatically
decrease your score if the rest of your financial history is stellar.
Credit bureaus consider several factors in computing your credit
score, often using a proprietary algorithm.

2. Debt Usage

Credit cards provide the ability to build a credit record and receive
a credit score. When you use credit cards responsibly, you have
access to additional funds in an emergency, you can finance large
purchases that might take a few months to pay off, you can earn
points or cashback rewards on your monthly spending, and in some
cases, you have access to services such as roadside assistance,
travel plan assistance, upscale airport lounges, and concierge help
while traveling.
If you have a high credit utilization on your cards, you might find
yourself with a lower FICO score on your credit report, a more
difficult time making larger monthly payments, and a potentially
higher interest rate on your cards if you make any payments late.
Credit utilization has a big influence on your credit score, so you
should know what it is and how you can manage it to get the best
credit rating and the benefits that come with it. Credit utilization is
the ratio of your outstanding credit card balances to your credit
card limits. It measures the amount of credit limit you are using. For
example, if your balance is $300 and your credit limit is $1,000,
then your credit utilization for that credit card is 30 percent.
04
3. Age of Credit Accounts
Length of "credit history" category of FICO makes up about 15 percent of
your credit score: Average age of accounts equals the total months of all
of the accounts on your credit report from the open dates to the present,
divided by the number of accounts. While 15 percent of your score doesn't
sound like much, especially when compared to the "payment history" and
"amounts owed". A longer credit history could help your credit score

4. Types of Accounts
There are 3 types of Accounts:
1. Revolving Accounts
2. Installment Accounts
3. Open Accounts

Revolving Accounts: Revolving accounts are those that have a

different payment each month depending on your current balance.
These are accounts that you are not required to pay in full each
month. You have the option to "revolve" some or all of the balance
to the following month. Lenders charge you interest on the amount
you revolve and this is how they make money. Some examples of
revolving accounts are:
Credit Cards Issued by a Bank or a Credit Union: These are
accounts backed by a major payment network, like Visa,
Mastercard, American Express or Discover. These accounts are
extremely common because almost all banks and credit unions
are able to issue them to their customers.
Credit Cards Issued by a Retail Store: These are accounts that
are issued by the stores where you like to shop. Some examples
are Macy's Credit Card. Target RedCard. Pep Boys Credit Card
and a Dillard's Card. There are hundreds of other examples.
Most of us have several of these types of cards, too.
Credit Cards Issued by an Oil Company: These are accounts
that are issued by a petroleum company. Some examples are
Techron (Texaco and Chevron) Advantage Card, Exxon-Mobil
Smart Card, Shell Card and BP Credit Card.
Home Equity Lines of Credit: Also known as a HELOC, these are
loans that allow you to tap into the equity of your home. These
loans are generally easy to obtain from most reputable banks
and credit unions. These accounts are very common in part
because the interest is tax-deductible in most cases. Check with
your tax adviser to see if your account qualifies for a tax
deduction. 05
Installment Accounts: Installment accounts are those that have a
fixed payment for a fixed period of time. As with revolving
accounts, you are not required to pay them in full each month. You
are allowed to make a payment that is going to be the same every
month until the loan is paid in full. Lenders charge you an annual
percentage rate (also known as an APR) and this is how they make
money. Some examples of installment accounts include:
Auto Loans: Auto loans are issued by either a bank, a credit
union or by a company that specializes in automobile lending.
Mortgage Loans: Mortgage loans are issued by either a bank, a
credit union or a company that specializes in mortgage lending.
Student Loans: These loans, obviously, are used to pay for
college related expenses such as tuition, room and board.
Home Equity Loans: A home equity loan is a fixed amount of
money that you borrow. Once you take that loan out, your
payment is fixed for the duration of the payback period. A home
equity line of credit, conversely, gives you the flexibility of taking
out some of or the entire approved amount.
Signature Loans: Signature loans are just what they sound like.
You walk into a bank or credit union and tell them you want to
borrow some money and sign a guarantee to pay it back.
Credit Builder Loans: Credit builder loans are offered by some
financial institutions. You put some money down in a savings
account, and pay yourself back. Once it's paid back, you gain
access to the savings that you put in.

Open Accounts (10+): Open accounts are probably the least

common of the three account types we'll profile. Also referred to as
"open credit," it is a hybrid of installment and revolving credit. The
payment is not the same each month and it's usually due in full at
the end of each billing cycle. The consumer satisfies financial
responsibility for the account when the bill is paid in full each
month. This cycle can go on as long as the consumer has an account
with the service provider.

An account with a utility company is one example of open credit. A

customer with an account for gas or electric service. Doesn't know
what their payment will be each month. As you can imagine electric
bills can vary a lot from month to month depending upon the
seasons and air conditioner/heater usage, and the customer is
responsible for making this varying payment each month.
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 Most utilities, cellular service, and some gas station cards are other
examples of open credit. But perhaps the most widely known
example of an open account is a charge card. Charge cards look and
act like credit cards, but with one key difference: You're expected to
pay that balance off in full by the end of the month.

5. Number of Inquiries (2-3)

Credit inquiries are requests by a "legitimate business" to check your

credit. As far as your FICO score is concerned, credit inquiries are
classified as either "hard inquiries" or "soft inquiries" - only hard
inquiries have an effect on your FICO score. Soft inquiries are all
credit inquiries where your credit is NOT being reviewed by a
prospective lender. These include inquiries where you're checking
your own credit (such as checking your score in myFICO), credit
checks made by businesses to offer you goods or services (such as
promotional offers by credit card companies), or inquiries made by
businesses with whom you already have a credit account.

Hard inquiries are credit inquiries where a potential lender is

reviewing your credit because you've applied for credit with them.
These include credit checks when you've applied for an auto loan,
mortgage or credit card. Each of these types of credit checks count
as a single credit inquiry. One exception occurs when you are "rate
shopping". That's a smart thing to do, and your FICO score considers
all inquiries within a 45-day period for a mortgage, an auto loan or a
student loan as a single credit inquiry. This same guideline also
applies to a search for a rental property such as an apartment. These
inquiries are usually recorded by the credit bureau as a type of real
estate-related inquiry, so the FICO Score will treat them the same
way. You can avoid lowering your FICO Score by doing your
apartment hunting within a short period.

Inquiries may or may not affect your FICO score. A FICO score takes
into account only voluntary inquiries that result from your
application for credit. The information about inquiries that can be
factored into your FICO score includes the Number of recently
opened accounts, and proportion of accounts that are recently
opened, by type of account.

07
 Time Since Credit Inquiries: A FICO score does not take into account
any involuntary inquiries made by businesses with whom you did not
apply for credit, inquiries from employers, or your own requests to
see your credit report

For many people, one additional credit inquiry (voluntary and

initiated by an application for credit) may not affect their FICO score
at all. For others, one additional credit inquiry would take less than 5
points off their FICO score. Inquiries can have a greater impact,
however, if you have few accounts or short credit history. Large
numbers of inquiries also mean greater risk: people with six inquiries
or more on their credit reports are eight times more likely to declare
bankruptcy than people with no inquiries on their reports. The best
way to have healthy credit is to remain responsible about the credit
cards or loans you have. Making your loan payments on time each
month and maintaining a good credit utilization ratio (the amount of
debt you have in relation to your overall credit limit) can help you
get those good sought-after scores. Using credit irresponsibly by
making late payments and maxing out credit limits can have
damaging effects on your credit.

KNOW YOUR CREDIT

1. Know Your Credit Score

Finding out how credit works is important and now that you've done
that, you likely want to know where your credit stands. You can see a
free snapshot of your credit report on Creditkarma.com. They can
give you a free breakdown of your credit scores. You'll see how your
payment history, debt and other factors affect your scores. You can
also receive recommendations for steps you may want to consider
to address any problems or how to continue down the right path.
Something else that's important to remember about how credit
works is that viewing your own credit reports and scores will not
affect your credit in any way.

If you find information that is incorrect, you can file a dispute. Items
on your credit report that you don't recognize could be signs of
fraudulent activity — someone working to secure credit in your name
for their own use. Make sure you're clear on items that could
potentially be fraudulent, versus those that may simply be
inaccurate. We will be explaining the process later in the document.
08
 Your payment history is one of the most important components of
many FICO scoring models. Late and missed payments will reduce
your scores, and public records and collections can cause significant
damage.

This negative information will remain on your credit report and

impact your credit scores for 7-10 years. Your scores often take into
account the size and recency of your debt. The bigger your debt is
and the more recent your missed payments are, the worse your
score will be. Bringing accounts current and continuing to pay on
time will almost always have a positive impact on your credit scores.

2. Know Your Credit Utilization Rate (9% or below)

Credit scoring models usually take into account how much you owe
compared to how much credit you have available, called your credit
utilization rate or your balance-to-limit ratio. Basically it's the sum of
all of your revolving debt (such as your credit card balances) divided
by the total credit that is available to you (or the total of all your
credit limits).
High credit utilization rate can negatively impact your credit scores.
Generally, it's a good idea to keep your credit utilization rate below
30%. For example, if you have a $10,000 credit limit across all of
your credit cards, you should try to keep your total credit card
balances below $3,000 to keep your credit utilization rate low.

There are two ways to reduce your credit utilization rate:

Reduce your debt by paying off your account balances.
Increase your total available credit by raising your credit
limit on an existing account
Opening a new credit account

While increasing your credit limit may seem like an appealing option,
it can be a risky move. If increasing your credit limit tempts you to
use more credit, you could fall deeper into debt. Additionally, if you
try to open a new credit card, an inquiry will appear on your credit
report and temporarily reduce your credit score.

09
Reducing your balances on credit cards and other revolving credit
accounts is likely the better option to improve your credit utilization
rate, and, subsequently, your credit scores. Consistently making on-
time payments against your debt will also help you build a positive
credit history, which can have additional benefits for your credit
history and, by extension, your credit scores, too.

3. Know How Many Credit Accounts Credit Scoring

Models consider

If you have debt across a large number of accounts, it may be

beneficial to pay off some of the accounts, if you can. Paying down
your debt is the goal of many who've accrued debt in the past, but
even after you pay the balance down to zero, consider keeping that
account open. Keeping paid-off accounts open can be a plus in your
overall credit mix since they're aged accounts in good (paid-off)
standing. You may also consider debt consolidation.

4. Know Your Credit History (Average. 4-5 years) Credit

scoring Models

Those created by FICO, often factors in the age of your oldest

account and the average age of all of your accounts, rewarding
individuals with longer credit histories. Before you close an account,
think about your credit history. It may be beneficial to leave the
account open once you've paid it off.

Of course, if keeping accounts open and having credit available

could trigger additional spending and debt, it might be more
beneficial to close the accounts. Make sure you carefully evaluate
your situation; only you know what can work best for your financial
outlook.

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 MIX OF ACCOUNTS
When these accounts report on your credit records they are coded
very specifically so that not only consumers and lenders but also
credit scoring models can easily identify them. Statistical analysis
has determined that the type of accounts you have is predictive of
your future credit risk.
So what does all of this mean to you, the consumer? Consumers with
the strongest credit scores, including FICO credit scores, tend to
have a mix of different types of accounts. Of course, the key is to
manage these accounts responsibly. Credit scoring models are
looking to see if you can handle all different types of financing as
they assess your creditworthiness.

Keep in mind, all of the accounts on your credit reports count, even
if they are closed. Most of us have had several credit cards,
mortgages, auto loans, and student loans in our life so this example
is probably very realistic. There really isn't one target "sweet spot"
that we should all aim for in our account mix. That's because your
mix of accounts might be great for your score but terrible for
someone else's and vice versa.

If you don't have an installment loan reported on your credit reports,

consider whether it makes sense to get one. If you are going to
borrow anyway or if you want to consolidate higher-rate credit card
debt a personal installment loan may be helpful here. Another
strategy is to get a low-rate car loan then pay it off as quickly as you
can. It will still count even if you pay it off a few months after you get
it. If you don't have any credit cards that are currently open and
active, consider getting one. A credit card that's paid on time and
has a low (or no) balance can be a very valuable credit reference.

THE TRUTH
1 in 5 People Find Errors in Their Credit Report. Credit report
mistakes can lead to disqualification for mortgages and car loans, as
well as increased insurance premiums and interest rates. In some
cases, those mistakes can even prevent you from getting a job. 79%
of consumers who disputed credit report errors were successful in
removing them. Now let's dive into the process of how to improve
your credit score.
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 METRO 2
COMPLIANCED BASED DISPUTING
What is Metro 2 Compliance
Metro 2 compliance is a process of requesting e-Oscar (the system
that reports credit reporting data for all 3 bureaus) to verify if the
listed items on a consumers credit report meets the actual
compliance standard put in place. This is process of disputing is
currently not as popular as factual disputing, but it's a very affective
and beneficial because it works in the favor of the consumer rather
than the credit bureaus and this was implemented recently.

Meaning; When submitting a Metro 2 compliance based dispute you

have a better chance of overall removal results of negative accounts
because Metro 2 triggers e-Oscar to electronically determine rather
or not an account meets the compliance standard to even be
reported, hence we aren't only challenging the nature of the
factuality of an account but yet the ability for the account to even
be reported at all based on meeting the Metro 2 compliance
standard set in place.

Education on Metro 2 Compliance

Metro 2 was created to help with the consumer credit reporting

compliance standard for e-Oscar, that supports The ECOA (Equal
Credit Opportunity Act) prohibits discrimination on credit
opportunities & The FCRA (Fair Credit Reporting Act) which was put
in place to protect all consumers, which states only factually
documented to be physically verified as fully true, correct,
completed as reported, timely reported, of a known responsibility
and ownership, or else validated account.

Understanding e-Oscar

e-Oscar is a automated web-based Metro 2 compliant system

created and developed by Transunion, Experian, Equifax, and Innovis
(secondary bureau), that enables data furnishers, and credit
reporting agencies to create and respond to consumer credit
reports.

e-Oscar supports Automated Credit Dispute Verification (ACDV) and

Automated Universal Dataform (AUD) processing for code
management reporting.
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PHENOM: A Metro 2 Compliance System (Ai Software)
I personally created this system with my partner (Rodney Peak) and
its the first Original Metro2 Compliant system created with Artificial
Intelligence (Ai).
Built with Metro 2 compliance based attacking focused.
This is an online system that is open to the public for use.
This system is constructed with all of the proper Metro 2 compliance
coding and FCRA laws to generate the proper attack letters to go
directly to the 3 bureaus and or directly to the data furnitures.
Phenom will automatically attack all negative items on the imported
consumer credit report, and put together all letters based on your
specific user request.
No need to spend hours trying to figure out the proper letter and or
law to input in your letter based on the account type, because
Phenom will do all the work for you! Game changer!
WATCH A FREE SOFTWARE WALKTHROUGH HERE!

PHENOM Cost: Phenom currently has a prices from $147 to $997 per
month, which includes the attack letters, choose the best monthly plan
based on your needs. The monthly plans are suitable for individuals
(families), anyone doing credit repair on the side, all the way to someone
running a credit repair organization looking to get better results and save
time!

PHENOM Attacks: There are multiple different attack options within

Phenom, and attack levels. Each attack gets more aggressive and narrows
down based on the attack chosen, which means you will have to weigh out
cost vs efficiency which will determines your overall effectiveness and
results.

Obtain a PHENOM account & Join PHENOM'S Facebook Support Group:

Metro2 FB Support Group: CREATE ACCOUNT & JOIN PHENOM FB
SUPPORT GROUP (Group Link in Learning Center of Software)
You can get help with free weekly system training in the Phenom FB group.
Click the link above to register for Phenom, generate letters, join FB group
and much more to help you get started on your credit enhancement
journey.

PHENOM Recommendations:
Always use a different attack for each round. You'll learn more about the
different attacks as you go throught training.
Always send a new round every 30-35 days apart from last round.
Go a minimum of 4 rounds before judging final results. More round may
be needed, as credit repair is a long game and the credit bureaus like to
“Stall”.
Pay the mailing fee and allow the system to mail to the credit bureau for
you.
Otherwise if you decide to print and mail letters yourself, make sure each
letter is place in a seperate envelope. 13
How to attack with PHENOM:
You can attack all negative accounts together at once.
The only account you ever want to attack separately are bankruptcies.
There is no specific or pre-set designed attack flow.

After a client has been on boarded, you import their credit report from
one of the only three currently accepted options of Identity IQ, Smart
Credit or Myfreescorenow... and then select all negative accounts you
want to attack and then select to generate your letters and BOOM thats
it...All Done! Use The Document Destination Option And Pay To Have A
System Rep Print, Mail, & Fax Your Letters For You At A Small Up Charge!
Choose That Option And You'll Get A Invoice Via Email. Pay And That's It.
You Literally Don't Have To Print Or Mail Not One Letter! Crazy I Know
Right!
Or print and mail the letters yourself, it's completely your choice.

PHENOM recommended Bankruptcy removal process:

Attack the bankruptcy by itself and use ONE CONSISTENT ATTACK.
Send letters to all 3 credit bureaus.
Also send letters to Lexis Nexis, Lexis Nexis Privacy Manger, Clarity
Services, LCI & the Court Listed on the credit profile in reference to the
bankruptcy.
Lexis Nexis & Clarity Services are secondary agencies and Lexis Nexis
house the information for all bankruptcies.
From there you should get communication from Lexis Nexis saying the
bankruptcy has been deleted from their file, and also a letter from the
court house saying they do not report to the credit agencies. As you get
one or both of these letters, make copies and send a copy in your next
round of letters.
These letters will help with the bankruptcy removal process from your
report.

PHENOM recommended Repossession removal process:

Attack the Repossession with other items is ok.
Send letters to all 3 credit bureaus.
Also send a letter to Clarity Services.
Clarity Services are also a secondary creditor and they house the
information for installment loan account types like repossessions and
more.

FYI - Unlike traditional teaching and methods of how many rounds you can
or should go for desired results. Go at least a minimum of 4 rounds per
client if needed, but go as many as needed to get the desired results you
are aiming for.

But also note that with some clients you'll get the job done in the first or
second round because that's just how powerful of a system Prodigy is
based on challenging via Metro 2 compliance coding standards.
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 THANK YOU
Considering Phenom will do all the work for you, there is more you'll learn
along the way. But this DIY guide is a excellent start to you getting much better
results for you and each client, and saving you a lot of time compiling letters
for each client rather than only doing the factual disputing repair method.

We hope this guide is truly a game changer for you and your business, as it has
been for ours. Keep in mind results may vary, and are not guaranteed, but you
will notice a difference in either results, work load, or both.
Feel free to tag me on social media with your Metro2 Results!
Good luck and God bless.

Follow me on IG & FB:

@Mr.Phenomenalpower
@Dion Coopwood

For a free mentorship consultation follow the link below:

Click Here To Schedule A Free Call With Dion

Get a copy of your credit report by following the link below:

Click Here To Get A Copy Of Your Credit Report

Get a copy of my Manufacture Spending eBook which teaches you

step by step how to turn your credit cards into passive income by
following the link below:
Click Here For Manufacture Spending Ebook

DTD credit mentorship course program link below:

Click Here For Mentorship Program Details

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