Attention Mortgage Lenders: Here’s How to Unlock Extra Revenue Streams with Credit Repair Sales! - Credit Queen (2024)

Are you a mortgage broker? Then you know the struggle of dealing with loan leads that can’t qualify for financing. The reason? Poor credit. It’s a deal-breaker. But fear not! We have the solution for you in 2023: Sell credit repair services.

Ready to turn bad credit into a thing of the past?

Mortgage lenders, we have the perfect solution for you to help! With record low interest rates and a hot housing market, it’s crucial for first-time homebuyers to boost their credit scores.

Don’t worry if you service renters that are dreaming of becoming a homeowner but their credit is holding them back. Many mortgage companies now offer credit repair services to help improve their credit and get approved for a home loan.

In fact, partnering with FreedomPath can be a game-changer for mortgage companies. By helping people fix their credit, these companies gain loyal customers who will turn to them for their mortgage needs.

And it’s not just the lenders who benefit – if you have a credit repair company on your side, both you and your mortgage company can reap the rewards.

So, why not expand your lending horizons and add credit repair solutions to your business?

It’s time to create new revenue streams and build a customer base of people who qualify for loans after improving their credit scores.

Don’t let rejected applications go to waste – learn how to recycle them and guide borrowers through the process of credit repair.

Attention Mortgage Lenders: Here’s How to Unlock Extra Revenue Streams with Credit Repair Sales! - Credit Queen (1)

The best credit repair companies are known for helping consumers repair their credit profiles so they can qualify for mortgages, car loans, and more.

And it’s understandable why so many people need their help – one out of five Americans have errors on their credit reports. With a credit repair company by your side, you can rectify these inaccuracies and see a substantial increase in your credit score.

Here’s how credit repair works: a credit repair company leverages your rights as a client to ensure your credit reports are accurate, fair, and fully substantiated.

They’ll identify any errors or negative items dragging down your score, such as duplicated accounts or small collections. Then, they’ll contact the credit bureaus and use various acts to challenge the reporting of these items. In many cases, they succeed in wiping them off your record and boosting your credit score.

So, are you ready to help your client’s take control of their credit and unlock the door to homeownership?

Partner with FreedomPath the best credit repair software on the market today – it’s time to turn your client’s financial situation around and get approved for that dream home!

  • Say goodbye to bad credit and hello to homeownership with our credit repair services!
  • Boost your lending business by helping customers improve their credit scores and qualify for loans.
  • Don’t let rejected applications go to waste – learn how to recycle them and guide borrowers through the credit repair process.
  • Say goodbye to hassle – become a trusted advisor of FreedomPath’s DIY credit repair platform and watch your business soar.

Imagine this: Your client’s credit score is in the dumps. They’re desperately seeking a mortgage but getting approved seems like finding a unicorn in a haystack. A low credit score means lower loan amounts and sky-high interest rates. Yikes!

But fear not, mortgage superheroes!

By partnering with us, you can help your clients rebuild their credit, making them eligible for a mortgage that doesn’t make their wallets cry. And guess what? You’ll reap the benefits too!

First, let’s talk moolah.

When your clients can qualify for a higher loan amount, it means more profit for you and your mortgage company. Cha-ching! We’re talking about making it rain in the mortgage game.

But that’s not all, folks!

You’ll also have more mortgage choices in your arsenal. More loan options mean happier consumers with lower-priced loans. Not to mention, you’ll be the hero who helps them transform their financial lives.

Here’s why you should jump on board:

Believe it or not, up to 80% of credit reports contain errors. Yep, mistakes happen. Sometimes a negative mark is reported twice, doubling its impact on the score. And don’t even get us started on items that should have dropped off but are still hanging around. With credit repair services, you can kick these incorrect items to the curb.

Remember how strict mortgage lending standards got after the 2008 financial crisis? Well, they haven’t exactly loosened up completely. But credit repair services can give your clients a much-needed boost. With a 20-point increase in their score within a few months, they’ll finally be in the golden zone for better loan options.

Sure, clients could try to fix their credit on their own. But who has the time and patience for that? Dealing with all those negative marks is a paperwork nightmare. Be the hero they need and offer credit repair in your “one-stop shop.” It’s the shortcut to closing the deal.

Say goodbye to manual credit analysis and writing letters to the credit bureaus. Mortgage brokers can now upgrade their game with FreedomPath financial software. It analyzes the credit report, gives suggestions on score improvement, and even generates those crucial deletion request letters. It’s like having a credit repair expert in your pocket.

Want to increase your closing rate? Offer more services. People love one-stop shops! By adding credit repair to your arsenal, you’ll be a magnet for borrowers. They’ll flock to you because you make their lives easier.

Who doesn’t want that?

Bottom line: Mortgage brokers who offer credit repair services close more loans and have happier customers.

It’s a win-win. But remember, choose your credit repair partner wisely. Look for reputation, experience, and a physical office. Don’t risk working with shady online-only companies. When you do it right, you’ll be swimming in closed loans and cash. Don’t miss out!

So, buckle up, mortgage moguls! It’s time to save the day, one credit-challenged client at a time.

Get ready to make dreams come true and rack up those profits. Let’s do this!

So there you have it – credit repair is the secret weapon for mortgage lenders and borrowers. It’s time to take advantage of this opportunity to grow your business, help people achieve their dreams, and have a chuckle at those bothersome errors on credit reports.

Discover the power of credit repair for mortgage companies – it’s time to unlock new opportunities and help more people become homeowners.

Attention Mortgage Lenders: Here’s How to Unlock Extra Revenue Streams with Credit Repair Sales! - Credit Queen (2)

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Attention Mortgage Lenders: Here’s How to Unlock Extra Revenue Streams with Credit Repair Sales! - Credit Queen (2024)

FAQs

Who is the best credit repair company? ›

Best credit repair companies
CompanyBest forBankrate Score
Lexington LawFree resources4.1
Credit FirmBest value for your dollar4.2
CreditRepair.comAffordability3.6
Credit SaintSimple credit repair options4.2
3 more rows

How to wipe your credit history clean? ›

It's not possible to wipe your credit history clean. Negative items like late payments, collections and bankruptcies typically remain on your credit report for several years. However, you can rebuild your credit with on-time payments, debt reduction and responsible credit account management.

How long does it take to repair a credit score? ›

Policies and procedures vary by creditor but will usually include back-and-forth letters to get everything in writing. On average, credit repair takes about three to six months. Your score should gradually improve throughout the process each time a creditor agrees to make a change in your favor.

Can I pay someone to fix my credit? ›

Repairing your credit doesn't have to cost you anything. You can handle the process yourself by following the step-by-step instructions on the three major credit bureaus' websites. If you want help, you can hire a credit repair company to assist you.

Who is the best credit repair company in 2024? ›

Best Credit Repair Companies for August 2024
  • Best Overall: The Credit Pros.
  • Most Aggressive Timeline: The Credit People.
  • Best Simple Credit Repair Options: Credit Saint.
  • Most Experienced: Sky Blue Credit.
  • Best for Dispute Services: CreditFirm.net.
  • Best Customer Experience: CreditRepair.com.

Can a credit repair company raise your credit score? ›

It's not guaranteed. Credit repair companies can't remove accurate negative information from your credit reports, even if they suggest they can. Even with a legitimate dispute, they can't guarantee results.

How to raise your credit score 200 points in 30 days? ›

How to Raise Your Credit Score by 200 Points
  1. Get More Credit Accounts.
  2. Pay Down High Credit Card Balances.
  3. Always Make On-Time Payments.
  4. Keep the Accounts that You Already Have.
  5. Dispute Incorrect Items on Your Credit Report.

Is it true that after 7 years your credit is clear? ›

In general, most debt will fall off of your credit report after seven years, but some types of debt can stay for up to 10 years or even indefinitely. Certain types of debt or derogatory marks, such as tax liens and paid medical debt collections, will not typically show up on your credit report.

How much of a loan can I get with a 560 credit score? ›

You can borrow anywhere from a few thousand dollars to $100,000+ with a 560 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.

Can you fix your credit with no money? ›

It's admittedly tougher to improve your credit score when you have no money. The trick is to get into good habits while working with the resources you've got. Protect your score by paying your monthly bills on time and avoid charging more than you can afford.

What is credit washing? ›

For the uninitiated, credit washing is the practice by which unscrupulous individuals approach creditors with false claims of identity theft. This allows them to “wash” the negative claims off their record and take out car loans at rates they aren't qualified for.

Can a credit repair company erase a poor credit history? ›

People hire credit repair companies to help them investigate mistakes on their credit reports. But credit repair companies can't remove negative information that's accurate and current from your credit report.

Where is the best place to go to repair your credit? ›

Best credit repair companies of August 2024
  • Best for money-back guarantee: Credit Saint Credit Restoration.
  • Best for affordability: The Credit People.
  • Best for customer satisfaction: The Credit Pros.
  • Best for customization: MSI Credit Solutions.
  • Best for couples: Sky Blue Credit Repair.
3 days ago

Is it worth paying someone to fix your credit? ›

Credit repair services can potentially help you improve your credit, but in most cases, it likely isn't worth it. After all, you can do anything a credit repair service can do, and you can do it for free.

What is the fastest way to repair your credit? ›

Keep balances low on credit cards and other revolving credit: high outstanding debt can negatively affect a credit score. Pay off debt rather than moving it around: the most effective way to improve your credit scores in this area is by paying down your revolving (credit card) debt.

Do credit repair services really work? ›

While credit repair can successfully address errors, inaccuracies and outdated information on credit reports, you cannot remove accurate and verifiable data. Legitimate credit repair companies can help identify and dispute negative items that are dragging down your credit score.

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