Exclusive Solutions mission is to equip and empower individuals
We do so through credit education, to achieve future financial success. Through consistent enhancements of our successful system, Exclusive Solutions has assisted thousands of individuals by equipping them with essential credit knowledge and improving their credit score enabling them to obtain what before seemed impossible. Our mission is to be a part of your vision.
Exclusive Services To Accommodate A Wide Range Of Needs
Exclusive Solutions maintains the most up to date information in consumer credit, and continues its proactive approach to credit education that teaches the purpose of credit, how credit works, the benefits of good credit, and how to make credit work for you.
Consumer Credit Repair
Offering credit repair and credit building products/services to those that seek assistance in establishing and/or improving their overall credit profile. By utilizing numerous consumer protection legislation, such as the Fair Credit Reporting Act, and the Fair Debt Collection Practices Act, and more, Exclusive Solutions credit restoration service is able to dispute information that is inaccurately or incompletely reported on a consumer’s credit report. Once derogatory information has been removed, individuals may enroll in Exclusive Solution’s credit score building process, which quickly adds positive credit to their credit reports, in order to obtain treasured positive credit history.
Offering a Business Credit Package to assist business owner’s, existing or future; obtain business credit, which is not tied to their personal social security number. Instead all business credit lines will be tied to the business’ Employer Identification Number (EIN), without a co-signer, regardless of the owner’s personal credit history.
It's The Law
Direct access to the organization’s legal team of experts that specialize in consumer credit law, and will provide Legal Redress, which defined means all legal matters pertaining to credit repair, will be reviewed absolutely free.
Credit scoring doesn’t discriminate, and neither will we. Our client demographic ranges from the credit beginner to the credit expert. Everyone will have credit reported on them at some stage of their life, and therefore has the right to have that credit information reported accurately and completely. Anyone who either needs to repair their credit or better position themselves to be able to take advantage of the best financing options now has that opportunity with Exclusive Solutions.
Our credit stores offer a personalized approach; Real people offering real solutions that are both effective and affordable. Working with the client’s desired outcome in mind, each individual is provided with a thorough analysis of their current credit situation and a road map to their credit destination.
Credit Card Information
Credit cards can be a great financial tool, if they are used wisely. But they also can quickly get you into financial trouble if used carelessly.
There are many mistaken beliefs surrounding the credit card industry, and credit cards’ affect on credit scores. Consumers should be aware of which factors to consider when transferring balances or closing a credit card account, the fundamentals of finance charges and what to think about when choosing a credit card. Let this column be your resource for credit card information on a multitude of topics.
Get answers to your questions about credit cards, including the effect on your credit scores if you transfer balances, how to recover from joint credit card debt and where to begin paying off your credit cards
Separate credit histories are maintained for each individual. Accounts are reported with the names of each individual who is associated with that account. The account then becomes a part of each individual’s credit history and includes the type of association they have with the account, such as authorized user. When a person is added as an authorized user the account will appear in that person’s credit report.
If both your names are not on other shared accounts, nothing from their poor credit history will be added to yours, and your good credit history will not be added to theirs. The only change will be the addition of the authorized user account to their credit history.
Credit scores are calculated using information from your credit history. Because none of the other person’s credit history is combined with yours, making them an authorized user will not affect your credit scores. Because many scoring models do not score authorized user accounts, they may not help the other person.
The risk is that the authorized user will abuse the privilege and make charges that you cannot afford to repay. If you can’t make the payments on time, the late payments will appear in your credit report and will hurt your credit scores.
There are many things to consider in a card offer. Low interest rates typically top the list, but that is only significant if you “revolve’’ or pay less than the full amount that you charge each month. I strongly recommend against that. If you do not revolve a balance each month, annual fees, high limits and special incentives such as airline miles, cash back offers or insurance might be even more significant in your decision.
Your credit report does not show whether an application has been approved or declined, so a declined application will not hurt your credit history or credit scores.
When you apply for credit, the lender will request a copy of your credit report. That request causes an inquiry to be added to your credit history. The inquiry doesn’t show whether the application was approved or declined. It is simply a record that someone has accessed your credit report because you have applied for credit.
If you are approved, a new account will appear in your credit history. If no new account appears, that doesn’t necessarily mean your application was declined. People often change their mind and choose not to accept the account for any number of reasons.
As with so many questions about credit reports and credit scores, the answer is that it depends on your overall credit history.
Generally, it is better to pay off the account balance and keep the account open. Credit scores are affected by your utilization rate, which is the ratio of your total account balances to your total available credit limits. The lower your utilization rate, the better.
Keeping the account open ensures that the card’s credit limit is included in the calculation. Paying off the balance further reduces the utilization rate. If you have no other credit cards that have a lower interest rate, you should use the card periodically and pay the balance in full each month just to keep the account active. If you have no credit activity, there is no basis for predicting your risk.
However, credit scores should not be the only factor in your decision. Too often I hear from people who are buried in debt, and the last thing they should be concerned about is their credit scores.
If you are deeply in debt, are struggling to make your payments on time, or already have late payments, closing the account could be the right thing for you to do, especially if you are tempted to use it. It would be better to close the account than risk digging yourself deeper into trouble.
In that case, credit scores are not important because you shouldn’t be taking on more debt, anyway. Instead, you should be taking steps to reduce the debt you already have and making sure you don’t add to it.
Congratulations on recognizing that you need to avoid high interest payments. No matter what your debt position, that is such a smart thing to do.
When you close an account, you lose the available credit associated with it. That reduces the sum of your credit limits. Your total balances do not change, making it appear that your total balances have increased compared to your total available credit. That ratio is called the balance-to-limit ratio.
A high balance-to-limit ratio has proven to be a strong indicator of risk. When that ratio increases suddenly, it can negatively impact credit scores.
For that reason, it generally is best for most people to leave unused accounts open. Just be sure to keep the credit card in a safe location, or shred it.
If you choose to close an account you will not lose the history right away. Closed accounts with a zero balance and no negative history remain 10 years from the date they are reported closed.
Closed accounts with negative history, such as late payments, remain seven years from the original delinquency date of the negative information.
The result is that positive accounts will remain part of your credit report longer than negative accounts. Retaining that information is beneficial because a long, positive credit history is one of the best indicators that you will be a low risk customer.
Credit scores are derived from how you utilize your credit resources over time. A long history of responsibly using a few credit cards can result in better credit scores than a short history with a large number of credit cards.
It you were to suddenly apply for several new credit cards, there would likely be a negative impact on your credit scores, not a positive change. Because there is no payment history associated with the new accounts, credit scoring systems don’t know how to interpret them. That unknown often results in a temporary decline in scores, not an instant improvement.
In the long term, the important issue is utilization, also called the balance-to-limit ratio. Your balance-to-limit ratio is the total of your balances divided by the total of the limits on your credit cards. Having more cards can increase your total available limit, reducing your balance-to-limit ratio, which can positively affect credit scores.
However, keeping low balances on just a few credit cards can result in very good credit scores. So, improving credit scores alone is not a good reason to apply for a bunch of new credit cards. And, you should always have a good reason for getting a new credit card.
Improving credit scores isn’t a good reason because there is no way to know if that will be the result. Instead, consider lower interest rates on balance transfers or new charges, airline miles, cash back bonuses, or other benefits.
Your credit report is a credit history. That history documents the life of a debt. As a result, it will show both the original lender and any subsequent collection accounts. However, they are not seen as two separate debts. Instead, a collection account is recognized as a continuation of the original debt.
The account you had with your bank should be listed as charged off. It could also show that it has been sold or transferred to a collection agency. Charged off, transferred or sold are considered a final status, essentially the same as closed. As a result, that account entry is no longer an active debt. However, it will continue to appear on your credit report to accurately reflect the account history.
The collection account now represents the active debt. Usually, a collection account indicates that it was purchased from or transferred from the original lender.
The collection agency may then sell the account to another collection agency. The first collection account then would be reported as sold or transferred, and the new, active collection account would be added to the credit history.
Because a collection account is treated as a continuation of the original debt, it will be deleted at the same time as the original account. The original account and subsequent collection accounts will be deleted seven years from the original delinquency date. The original delinquency date is the date of the first missed payment after which the account was never again current.
The collection agency is required by law to carry over that original delinquency date from the first account and report it to the credit reporting company. That ensures the collection account is deleted at the correct time.
Commonly Asked Questions
Credit Report Basics
o Federal district bankruptcy records and state and county court records of tax liens and monetary judgments. This information comes from public records.
o Specific information about each account, such as the date opened, credit limit or loan amount, balance, monthly payment and payment pattern during the past several years. This information comes from companies that do business with you.
o The names of those who have obtained a copy of your credit report. (On your copy of your Experian credit report, addresses are included.) This information comes from the credit reporting agency.
o Your name, current and previous addresses, phone number, Social Security number, date of birth, and current and previous employers. Your spouse’s name may appear on your version of the credit report, but it will not appear on the version that is provided to others. This information comes in part from your credit applications, so its accuracy depends on your filling out the forms clearly, completely and consistently each time you apply for credit.
o Statements of dispute, which allow both consumers and creditors to report the factual history of an account. Statements of dispute are added after a consumer officially disputes the status of an account, the account has been reinvestigated, and the consumer and creditor cannot agree about the account status. Both the consumer’s and creditor’s statements of the account status will appear on the credit report.
Stabilizing your credit in the event of a death can be difficult, especially if your spouse held all of the credit in his or her name. Keep in mind that in community property states, credit accounts opened during marriage are automatically joint. That means you are still responsible for any debt that your deceased spouse incurred.
By law, a creditor cannot automatically close a joint account or change the terms because of the death of one spouse. Generally, the creditor will ask the survivor to file a new credit application in his or her own name. After reviewing the new information, the creditor will then decide to continue to extend credit or alter the credit limit. You might want to open a new credit account in your name. In doing so, keep in mind that you must use your name only when applying. Including your deceased spouse’s name will result in a joint account. Experian automatically updates its records with periodic reports from the Social Security Administration. When the update is made, your spouse’s credit history will be flagged to show that he or she has passed away and their name will be removed from any preapproved credit offer mailing lists.
Credit accounts may be deleted at different times depending on their status prior to being included in bankruptcy. Bankruptcy isn’t an easy way to escape a bad credit history. It doesn’t erase your credit report so you can start over with a clean slate. It does stop collectors from calling, but creditors stop calling, too.
However, accounts included in the bankruptcy typically are deleted before the public record item. In most instances, accounts included in the bankruptcy are already delinquent before the bankruptcy filing. The original delinquency date of the account is, therefore, earlier than the bankruptcy filing date.
Because accounts are deleted seven years after the original delinquency date, the accounts will likely be deleted prior to the bankruptcy public record. If the accounts included in the bankruptcy were not delinquent when you filed, the accounts will be deleted at the same time as the bankruptcy public record.
The seven year rule also is true for accounts included in chapter 7 bankruptcy, but the bankruptcy public record will remain 10 years from the filing date.
My mission is to be a part of each student’s vision.
Tiffaney Williams has a degree in Accounting & Finance. She has over 10 years of business experience. You can be confident knowing that you are in good hands. As a certified credit analyst and financial strategist Ms. Williams will help you get your credit and finances back on track with ongoing education to assure that you can properly sustain your credit and financial worthiness.
At the age of 21, I went crazy shopping and spending frivolously! I was spending more than I had coming in by maxing out every credit card I had. I never considered what I was going to do when all of those minimum payments added up to more than I could afford. I was not aware of how to maintain credit or understand it other than spending all of the available credit I had and then pay what I could afford to pay on my own time schedule.
By the age of 23, I was forced to file chapter 7 bankruptcy. I decided to go see a credit repair specialist. The lady pulled my credit reports and told me it would cost $5,000.00 for her to repair my credit. I could not afford that and asked if there were any other options. She informed me that she was my only option and that was her price. My face dropped to the floor and I thought life was over. I walked out of her office and noticed about twenty other people outside her door waiting to be serviced. I thought to myself, “she can’t give me a break with all these clients?”. That very moment fueled my fire to learn the business. I set out to master the business and make it available to every demographic and level of financial status.
For the next three years I spent my time in libraries and book stores reading and researching everything regarding credit and financial field. My newfound knowledge gave me a blueprint to create what I knew people needed. To further my education, I traveled all over the states taking asset protection classes, credit law classes, consumer law classes, and Fair Credit Reporting Act classes. I am certified in over 10 qualified credit and finance courses. I promised myself when I mastered the credit field I would repair, restore, rebuild and educate.
We don’t service the same clients more than once. We believe everyone deserves a second chance however we also believe clients have a responsibility to employ the education we gave them and be diligent with their credit going forward. We create a financial road map for each individual with ongoing education to make sure the same mistakes don’t become a lifestyle pattern.
My goal is to make sure my clients are able to build wealth for their personal and business needs. We thrive on excellence! We don’t over promise and under achieve.
Understanding Business Credit
Your business credit record is the primary way that companies evaluate whether to do business with you—and on what terms. Companies rely on your business creditworthiness to make critical decisions, including whether:
• to sell to you
• to lend you money
• you are viable as a partner
• to lease the equipment you need to grow your business
• to increase your line of credit
• to help you carry more inventory at competitive prices
• to give you favorable financing rates and terms
• you stack up favorably against other companies competing in your market space
Business credit includes a variety of data points about your business, such as the date it started, the skills and experience of your top leaders, number of employees and annual sales. This type of information is listed in your business credit profile, along with scores and ratings that are derived from your business’s past behavior to predict its future behavior. For example, your ability and willingness to pay your bills on time in the past is factored into your ability and likelihood of paying your bills in the future.
Dun & Bradstreet, 2008.
Your business credit profile is like your business ‘resume’; it contains critical information that other businesses use when deciding whether, and on what terms, to do business with you
Like a personal resume you use to obtain employment, it’s important that the information in your profile is accurate, complete and timely. No one knows your business better than you. You might have a thriving and profitable business, but when doing business with others, often what matters more is what is documented in the credit report they receive on you. Most companies want a complete and unbiased view of who you are (and how risky it might be to work with you). The business credit scores and reports give companies that want to do business with you a fast, objective measurement of your credit risk.
You should think about your business credit profile in terms of:
• What is in your credit profile? What is it telling other companies about you?
• How do your current business credit scores affect the interest you pay on your
• Did you get the best terms?
• Have your scores improved enough to consider refinancing, or extending your
• Do new suppliers extend you favorable credit terms or ask you to pay Cash on
• Are your competitors getting better terms for the same items?
• Have you lost a deal because your competitor had better credit?
If your answer to any of the above questions is “I don’t know”, your business credit profile may not be working to your advantage – it may actually be costing you money.
Good credit is the lifeline of your business. It enables you to obtain funding for things like expansion, capital expenditures, research and development, and staffing. It is the principal contributing factor to your business’s future growth, not to mention the cash necessary for survival. Good business credit also allows you to keep the cash you have to cover your cost of doing business; such liquidity lets you respond quickly to time-sensitive requirements, without halting or compromising operations.
It’s not just about getting access to financing; business credit has increasingly become the primary vehicle for setting terms on business loans, determining insurance premiums, even setting lease payments. Good business credit can earn you lower rates, strengthening your cash flow.
Information that goes into creating a business’s credit profile comes from a variety of primary and secondary sources, such as:
• Payment and banking data from company suppliers
• Suits, liens and judgments, UCC’s, business registrations, incorporations
and bankruptcy filings from state and county courthouses
• Corporate financial reports
• Contracts, grants, loans, and debarments from the federal government
• Web mining
• News and media
• Yellow Pages and other print directories
• And, in the case of your D&B business credit profile, direct investigations
and interviews with company principals (i.e. self-reported data) and other
companies that you work with
D&B Rating: an overall assessment of your business’s creditworthiness and viability.
PAYDEX Score: a predictive indictor that measures the likelihood of your business paying within an agreed-upon timeframe.
D&B uses statistical models to develop a company’s scores and ratings. The most significant contributing factor to that rating is the promptness with which you pay your bills. Mathematical methodology creates a score that shows, on average, how many days beyond terms your company pays and whether you pay within terms. This information is factored into almost every score or rating that D&B provides. The more prompt the payment history, the better your business credit scores and ratings will be.
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www.aarp.org American association of retired person
www.cfed.org cooperation for enterprise development (cfed) 202-408-9788
www.asec.org American savings education council
www.ivillage.com articles on debt, credit reports, budgeting loans & more
www.nfcc.org national foundation of credit counseling
www.consumerfederation.org banking credit debt
www.hud.gov department of housing and urban development
www.ftc.gov federal trade commission
www.ncrc.org national community reinvestment coalition
Composed of organizations working together to increase the flow of private capital into traditionally underserved communities.
www.responsiblelending.org the center for responsible lending
www.cfp-board.org certified financial planner board of standards which offers information on financial planner board of standards which offers information on financial planning.
www.collegesavings.org 1-877-277-6496 web for the college savings plan network
www.icief.org the investment company Institute education foundation provides investing for success
www.allbusiness.com a champion of small business, is a site that helps you learn about the do’s and dont’s of running a business
www.nase.org web for the national association for the self –employed and provides information on common scams
www.nbmbaa.org national black MBA association
www.sba.gov small business administration
MINORITY OWNED BUSINESS RESOURSES
www.microenterpriseworks.org AEO Association for Enterprise
www.mbda.gov Minority business development agency
WWW.NATIONALBCC.ORG NBCOC National Black Chamber of Commerce
www.nawbo.org women business owners NAWBO national women’s association of business owners
www.sba.gov US small business Administration office of women’s business ownership at click on finance and then women entrepreneurs
www.onlinewbc.gov Online women’s Business Center offers business training technical assistance
How To Reach Us
1 hr. In office consultation with Master Strategist Tiffaney Williams is $499.99
30 min consultation is $54.99
1hr consultation is $99.99