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Return To Credit Repair Article Archive   Search the Article Archives Real Estate Agents-Help your Clients get Approved! By Kim Polinsky The real estate deal can fall through in many places, but the most common is financing. Financing involves the purchaser, and many agents feel that they have no control over this part of the transaction. By learning the ins and outs of credit repair, agents can build a loyal clientele and booming business. A great resource for learning this subject can be found at www.eGuidesToRealEstate.com. This is a website that produces learning tools for real estate agents/brokers. To educate credit poor clients, the Broker must first explain the importance of good credit. Good credit opens many doors. It saves the client money by qualifying them for a lower interest rate, provides a quicker closing time, and even promotes less paperwork-always a plus in the real estate industry! Next, the agent needs to clarify what good credit is! Many people do not understand the scoring system, and how it works. Not knowing what their own score is, or what a good score is, can hinder a person from repairing their credit. A positive point to explain about the scoring system is that it does not consider gender, race, marital status, sexual orientation, religion, or nationality. This is prohibited in the Equal Credit Opportunity Act. Clients may ask what a FICO score is, and how it works. Be sure to explain that the score is an indicator of risk in financial lending. A high score means that there is lower risk, and a low score indicates a higher risk. A FICO credit score of 700 is generally considered good credit, and not in need of credit repair. When helping a client to repair their credit, be sure to have them do the actual calling and writing. They need to be involved so that there are minimum liability issues, and so that they understand the facts. Most credit companies will not speak with anyone but the named individual. If your client has a language barrier, then make sure to request a bi-lingual customer service rep. By working through the credit report, and calling or writing to each negative item, many will be taken off of the report. By using the standard credit repair tools, you can usually see improvement within 2 months or less. Many agent/brokers are using credit repair tools in order to develop their own clientele. It is a viable specialty market that will become larger as the new bankruptcy laws come into effect. Help your clients to achieve the American Dream. By assisting them in repairing their credit so that they can purchase a home! About the Author: Kim Polinsky is a featured author on www.eGuidesToRealEstate.com specializes in training manuals for the real estate professional. They provide complete systems for Broker Price Opinions and Client Credit Repair. They also publish a monthly newsletter that analyzes the specialty markets within real estate. Check them out at www.eGuidesToRealEstate.com

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