OUR PROCESS
Proven Step-by-Step Roadmap to Rebuilding, Strengthening, and Mastering Your Credit
1. Initial Consultation
Goal of consultation is to understand the client’s credit goals (repair, build, qualify for a loan, etc.)
-Ask for basic personal and financial information
-Identify their biggest concerns (collections, late payments, inquiries, etc.)
-Discuss your services and pricing
2. Client Agreement & Disclosures
Goal is to ensure LR Financials is compliant with the Credit Repair Organizations Act (CROA) and state laws so the following documents need to be signed.
- Service agreement/contract
- Notice of cancellation (3-day right to cancel)
- Fee disclosure
- Privacy policy
3. Pull Credit Reports
Goal is to review current credit situation
- Have client provide access to credit monitoring through IdentityIQ (link will be sent to client to set up membership)
4. Analyze Credit Report
Goal is to create a strategic plan by looking for the following items on your credit report.
-Negative items (collections, late payments, charge-offs)
-High balances
-Inaccuracies
-Unused accounts or credit utilization issues
5. Create a Customized Credit Plan
May Include:
-Disputing inaccurate items
-Debt validation letters
-Goodwill letters
-Credit building recommendations (secured cards,
credit-builder loans)
-Budget and financial habits guidance
6. Begin Dispute Process (If Applicable)
The following steps will be followed during the dispute process.
-Draft dispute letters to credit bureaus, creditors, or
collection agencies
-Follow up every 30–45 days
-Track responses and updates
7. Educate the Client
The following steps will be followed during the dispute process.
-Draft dispute letters to credit bureaus, creditors, or
collection agencies
-Follow up every 30–45 days
-Track responses and updates
8. Monthly Follow-Ups
-Send updates and reports
-Reassess and modify the
-Keep communication open and transparent
9. Exit Strategy
Once goals are met:
-Final review of credit profile
-Provide next steps (home buying, business credit,
business funding, etc.)
-Offer optional maintenance services
EMPOWERING CREDIT. ELEVATING FUTURES.
713‑557‑2685