(Audio file) Mitch Stephen chats with Paul Ritter about Credit Enhancement | Your Guide on How to Mediate Risk 

What you’ll learn about in this episode:

• How Paul helps to mediate the risk of lease option transactions on both sides
• What sets his tenant screening program apart from others
• The difference between credit enhancement and credit repair
• How Paul works with people to raise their credit score, and how his clients average an 85 point improvement
• The advantage of building an active buyer’s list
• Information that’s gathered for the tenant screening program
• What documents are included in the report
• Why penalties of noncompliance are ambiguous and hard to follow
• Precautions Paul advises to help you to avoid lawsuits
• Precautions Paul advise to help you to avoid lawsuits
• What protocol to follow if the client doesn’t get the house
• Logic behind the bank mentality of “tell us why you don’t need the money and we’ll give you all kinds of money”
• How Paul uses his knowledge of credit scores and algorithms to enhance credit scores and make the best of what you have
• Typical industry prices and how Paul is able to keep his prices low

 (Audio file) In this episode of Not Just A Transaction, hosts Nick and Zachary speak with special guest and credit repair expert Paul Ritter. Paul discusses how he works with tenant buyers to get credit issues straightened out so that they can qualify for a loan at the end of the lease period, and he explains what huge differences set his services apart from other competitors that aren’t as invested in the success of the buyers. 

What you’ll learn:

• How My Credit Team has worked closely with the Pre Property Solutions team for years, and how they specialize in credit repair and helping people get to the finish line
• How Zachary himself has used My Credit Team’s credit repair services and can attest to how effective they are
• Why My Credit Team’s credit repair process has been refined and simplified with the intent to take the stress off
• Why your debt-to-income ratio is the single most important factor in determining if you will be able to get to the finish line
• How 85% of the people My Credit Team work with successfully buy their home, and how as much as 12% fail to make it to the finish line because they stop following the process
• Why a higher down payment has a direct effect on how likely you are to get approved for your purchase at the end of the rental period
• Why working with a credit repair service that is aggressive and that works with the timeframe you have in mind is crucial
• Why your debt-to-income ratio and the quality of credit are the two primary factors that need to be worked on to get you into a lease-option home

Resources:

• Set up an appointment with My Credit Team: Text APPT to (724) 221-3111
• My Credit Team Website: www.mycreditteam.com
• Screen The Tenant Website: www.screenthetenant.com
• My Credit Team Facebook: www.facebook.com/mycreditteam/
• Screen The Tenant Facebook: www.facebook.com/screenthetenant/