Step 1: Registration and Credit Report Petition
Register:
• www.CreditRepairKy.com for the Credit Repair & Debt-To-Income Improvement Course.

Obtain:
• Current copies of your credit report from Equifax, Experian, and TransUnion, prior to attending the course.
 

Step 2: Credit Repair & Debt-to-Income Improvement Course
Duration:
• 2 Hour In-person Course

Instruction:
Introduction to Credit Building and Debt-To-Income
   • The importance of managing your credit & Debt-To-Income for a healthy financial well-being.
Understanding Debt-To-Income (DTI)
   • Define what Debt-To-Income ratio is and its importance.
   • How to calculate DTI.
   • Clients calculate their own DTI.
How to Read a Credit Report & Understanding Credit Score
   • 3 different reporting agencies: Equifax, Experian, and TransUnion.
   • What is a tradeline?
   • What is a credit score?
   • How is my credit score calculated?
   • The importance of maintaining a good credit score.
   • Clients review their own credit reports.
How to Write Deletion Request Letters

Step 3: Submission of Deletion Request Letters
Action & Homework:
• Write and submit letters to credit reporting agencies requesting the deletion of any inaccuracies or issues on their    credit reports, to rectify any errors and improve their credit scores.

Step 4: Follow-Up Meeting with Program Representative
Timing: After 45 Days
Action:
• Meet with a program representative to review the progress on credit and debt-to-income improvements to assess    the effectiveness of the program and identify any additional steps needed for further improvement.

Step 5: Additional Assistance (if needed)
Action:
• Client pays $45 for additional assistance with improving their credit score and debt-to-income ratio, to ensure that    they are on the right track towards financial stability and eligibility for homeownership.

Step 6: Bank Referral for Pre-Approval (Homebuyers)
Action:
• Client is referred back to their referring bank or provided assistance with identifying a bank for pre-approval for a    home mortgage, to take the next step towards homeownership by securing a mortgage pre-approval.

Step 7: Pre-Approved for Mortgage and Referral to Program Realtor
Action:
• Realtor helps determine if the client qualifies for additional down payment assistance, to ensure additional 
  assistance funding is not overlooked.
• Realtor helps find a suitable home that meets the client’s needs and budget.
• Realtor assists with closing home purchase paperwork.