Do you – or your clients – need credit restoration? Luisa Deason, the owner and operator of Deason Consulting Services, helps people restore their credit so they can move forward, especially when it comes to buying a home. Luisa’s team of lawyers work hard to leverage the Fair Credit Reporting Act on behalf of their clients to eliminate wrong or negative reports – and they do it affordably. Listen in to find out how and learn her top tips for building and maintaining good credit starting today.

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Time Stamped Show Notes:

• 01:00 – Introducing Luisa from Houston, TX
• 01:20 – She’s a sponsor on the Real Estate Radio Rat-Pack show in Houston; Leigh was a guest on their show
• 01:35 – She owns and operates Deason Consulting Services, a company that specializes in credit restoration
• 01:45 – They help real estate agents and loan officer clients help their clients repair their credit and get into the home they want
• 04:00 – The backstory behind bad credit
• 04:15 – Oftentimes a life-changing event damages your credit, whether it be divorce, a medical issue, or job loss
• 04:25 – Luisa first assesses why a client’s credit is bad and what their scores are through Experian, Equifax, and TransUnion
• 05:00 – The credit report companies work independently from one another
• 05:45 – Sometimes, people from other countries don’t understand how credit works
• 06:15 – How to build credit from the beginning
• 06:30 – Get at least two small credit cards; you need revolving debt from Visa or Mastercard
• 07:33 – Luisa’s company offers a card to help people build their credit
• 08:30 – The things that improve and damage your score
• 08:36 – It’s imperative that you pay your bills on time
• 08:55 – They look at risk factors and if a person has 30% of their credit used
• 10:11 – Don’t carry a high debt to income ratio, especially if you’re trying to buy a house
• 11:40 – Interest rates will drown you if you can only pay minimum amounts
• 12:05 – How to get good credit with Deason Consulting Services
• 12:15 - Loan officers look at a 12-month history of positive payments
• 12:20 – Luisa’s company has a program called “Credit my Rent” that boosts your credit score
• 12:45 – They do credit restoration which is a legal fight using the leverage of the Fair Credit Reporting Act of 1971 to fight bureaus that are wrong or negative
• 13:10 – Their lawyers are out of a non-profit organization; It’s $188 for the first month and $89/month thereafter with no contract
• 14:00 – Their attorneys are licensed to work in all 50 states
• 14:40 – How to contact Luisa: by phone at (832)244-2488 or on her website at deasonconsultingservices.com

3 Key Points

1. It’s good to have a trustworthy credit restoration company in your corner.
2. Pay your bills on time!
3. You – and your clients – can have good credit!