The main focus of our program, is to help people prepare for financing while living in the house. Almost every person that comes to us falls into one of 3 categories in regards to their credit and what they need:

1) Derogatory items and incorrectly reported items that require
     credit improvement.
2) Lack of open trade lines that require establishing new trade lines with
     secured cards.
3) All of the above.

Credit Improvement (CIP)

Often times, when an old account is sold to another company, the dates are reported incorrectly or information about that account is reported incorrectly. Many times the same account will show multiple times due to the account being sold to other companies. If somebody goes through a bankruptcy, it’s almost inevitable that there are items that aren’t reporting correctly on the credit report. Getting items straightened up on the report is where credit improvement (CIP) comes in.

Envision Financial was specifically designed to help people in our program prepare for financing. Not only do they prepare in depth credit analysis for each of their clients, but they will work for you to resolve incorrectly reported items, and even assist with budgeting!

Credit improvement is absolutely vital for success in financing your home. That’s why we pay for the initial fee of $300 for one person for each home, and why it’s mandatory for almost every applicant! The monthly fee for CIP is $65 per person, and the program is a month to month program, so people might cancel the CIP after finance, but many have continued on to assist in raising their scores even higher.

Secured Credit Cards

It has become more and more important to establish active trade lines utilizing secured cards. Lenders are now requiring in most cases 3 active trade lines for the applicant. That is VERY important to be aware of! Obtaining secured cards and using them properly is a great way to raise your scores, particularly when used in conjunction with CIP. But with the lenders now requiring 3 active trade lines, secured cards have become a necessity for most people coming to us!

It is so important, that we are now affiliated with Public Savings Bank to help people easily acquire those trade lines. You can easily click on the banner below and begin the simple process of obtaining secured cards.

The One Two Punch

Most people that come to us really need both CIP and secured cards. We tend to refer to this as the one two punch. The reason, is that although CIP is extremely effective, if you don’t have the active trade lines to offset the negative and show responsibility with credit, the CIP will be limited on it’s effectiveness. Same with secured cards. If you just get a secured card, it will help, but it will be limited on its effectiveness.

By enrolling in CIP AND getting secured cards, you are giving low credit scores the one two punch and on your way to finance!

The Bottom Line to Financing

The bottom line to getting financed in most cases can be summed up as this:

1) Enroll in CIP
2) Obtain at least 3 secured cards or 3 active trade lines
3) NEVER, NEVER be late on any payments while in the house.
     (this includes rent payments and any payments on credit accounts or your car)
4) Don’t buy a car until you have bought your house!

By following these 4 main rules, you will be well on your way to home ownership!