Workshop 2: Understanding how laws impact access to credit

• A review of the laws governing personal debt management and credit

• Foreclosure & Bankruptcy process in Jamaica

• Credit building explained

• Bad credit costs money and how to grow your wealth even with bad credit

Registration as Credit Restoration Referral Agent for Credit Repair Services Ltd.

Course includes:

-Live training session.

-Live Q&A session

-Lifetime access to the recorded session.

-Exam

-Certificate of completion.

Cost: Register here.

*Complete all 6 workshops to become an accredited Credit Restoration Professional and start your own business.

Workshop #3: Personal debt management

• Introduction to credit restoration/ credit repair term

• Credit score providers and how to defend your rights as a consumer from credit mistakes.

• The age of credit reporting

• Registration as Credit Restoration Referral Agent for Credit Repair Services Ltd.

Course includes:

-Live training session.

-Live Q&A session

-Lifetime access to the recorded session.

-Exam

-Certificate of completion.

Cost: Register here.

*Complete all 6 workshops to become an accredited Credit Restoration Professional and start your own business.

Workshop #4: Credit Errors and Credit Reports

• Regulatory compliance from the consumer's perspective. How to understand the documents required to protect your credit.

• Legal influence on credit restoration & repair. Why the bailiff, the lawyer and the court system cannot help you rebuild credit and what you can do to help yourself within the law.

• Correcting & repairing credit. The steps you need to take and the people involved.

• Registration as Credit Restoration Referral Agent for Credit Repair Services Ltd.

Course includes:

-Live training session.

-Live Q&A session

-Lifetime access to the recorded session.

-Exam

-Certificate of completion.

Cost: Register here.

*Complete all 6 workshops to become an accredited Credit Restoration Professional and start your own business.

Workshop #5: Negotiating With Collectors

• How lenders and credit bureaus work together and why your clients need your help.

• What are identity theft and identity fraud? What you can do to resolve the matter.

• Know what is in your client’s credit report so that you can write powerful letters.

• Bankruptcies and the effect of effective financial negotiation.

• Judgments and how to get the law on your side.

• Registration as Credit Restoration Referral Agent for Credit Repair Services Ltd.

Course includes:

-Live training session.

-Live Q&A session

-Lifetime access to the recorded session.

-Exam

-Certificate of completion.

Cost: Register here.

*Complete all 6 workshops to become an accredited Credit Restoration Professional and start your own business.

Workshop #6: Starting your own credit restoration business

Starting your own credit repair business doesn’t have to be difficult. It can be an extremely lucrative business once you get it off the ground, and if you’re willing to put in some hard work and learn the industry then there’s no limit to what you can achieve.

Specifically, this training covers:

• Legal requirements for starting and operating your credit repair business

• How to choose the best business credit repair software

• How to set up a website for your business

• How to bill your clients and get paid

• The best dispute strategies so you can be successful with your clients

• How to onboard your first client

• How to run your business month to month after you get started

• Registration as Credit Restoration Referral Agent for Credit Repair Services Ltd.

Course includes:

-Live training session.

-Live Q&A session

-Lifetime access to the recorded session.

-Exam

-Certificate of completion.

Cost: Register here.

*Complete all 6 workshops to become an accredited Credit Restoration Professional and start your own business.

What are the Credit Restoration course learning goals and objectives?

• Learn the 2010 Credit Reporting Act and 2015 Insolvency Acts as well as relevant legal framework.

• Learn what Caribbean nations have credit repair and credit services laws.

• Learn what is required to run a successful credit services and credit repair organizations.

• Learn the legal operating parameters of credit repair professionals.

• Identify methods of access to credit reports, free and otherwise.

• List common credit terms and define key credit differences.

• Identify information in credit reports.

• Locate and verify information in credit reports.

• Review a credit report for mistakes and missing information.

• Identify methods for credit file correction of mistakes and missing information.

• How to report inaccurate information to the credit reporting agencies (CRAs).

• List the components of a credit score.

• Recognize privacy laws and their impact on credit lenders and borrowers.

• Identify potential identity theft using a credit report and information provided in a credit application.

• Communicate key components of credit reports to consumers.

• How to use the legal system to effect changes on a credit report.

• Communicate key components and limitations of credit repair.

Target Audience for This Valuable CCRA Certification Program?

• CFAs, Notaries, Credit and Debt Counselors

• Bank, Credit Union & Student Lenders

• Civil Servant Organization Personal Financial Counselor

• Employee Benefits Administrators

• Mortgage Lenders and Real Estate Agents

• In-house Collection and Recovery Counselors

• Faith Based Credit and Financial Counselors

• Bankruptcy and Financial Education Instructors

• First-time Home Buyer Advocates-Counselors

Why Become a CCRA Credit Restoration Specialist

Here's some of the reasons why:

• Becoming certified by the CCRA makes a difference to your clients, your company and yourself. It is a manifestation of your commitment to high standards of professionalism aimed at your employer, your colleagues, your clients and the general public.

• Demonstrate your professional qualifiicions.

• Enhance your experience in the field and promote your professional value.

• Learn about the new credit restoration laws and other financial education trends.

• Learn about reviewing and correcting credit reports

• There will be many consumers who need help understanding what is in their credit report. Thousands of credit report review/repair specialists will be needed the years ahead as more consumers begin to take advantage of their free credit reports.

• About a half million consumers across the Caribbean will also have become identity theft victims. Regular reviews of credit reports (one or two times per year, depending on level of credit activity) is the latest weapon in combating the Caribbean's fastest growing crimes - Identity Theft - by early detection and better consumer awareness, both can be a result of the credit report reviews and fixing mistakes.

• Learn critical points of the personal debt and credit restoration laws. The complete videos an powerpoints are included in the CCRA Credit Restoration Study Guide.

• Also learn what a credit report review/repairer is and what they do. Discover if your profession is among those on the list of who need CEUs available to those enrolling and completing this exciting and beneficial program. Are among the types of professionals who may benefit from the enhancement to your experience with the CCRA credit restoration training? If you said yes, please read on.

In addition to the Credit Restoration training, CCRA Provides Financial Education, Credit Repair Services, Bankruptcy Education and Financial Planning for All Age Groups.

What is Credit Restoration?

Credit repair and restoration is the process wherein consumers with poor credit histories try to re-establish their worthiness. Why is credit worthiness important? Simply because most of us do not have cash to fund our goals. Most persons need for a myriad of reasons - for a mortgage, higher education, an unexpected car repair, a medical crisis, you name it. When unfortunate financial decisions in the past block our future progress, it is a clear sign that we need help. That is where the credit restoration professional steps in and starts the credit repair process. So, credit repair involves procuring the credit report from agencies and taking careful and appropriate steps in addressing apparent issues on the credit report, including omissions, misreporting, misinterpretation, or other inaccuracies.

The Role of a Credit Restoration Professional

Once discrepancies are found in the credit report, the consumer is entitled to dispute the errors that unjustly harm their financial healthiness and creditworthiness. There are several laws and regulations that are designed to guarantee fair and legal undertaking of the credit report process. These laws can be used to start the process of credit repair legally and formally. So, for clarity, a credit restoration professional is not an Attorney-at-Law, but rather, a financial support professional that has been trained to walk the client through the credit repair process. An Attorney-at-Law is absolutely appropriate when the debt requires Court intervention.

The benefits offered by CCRA are pertinent to individuals, as well as companies.

OUTCOMES:

1. Creative and Critical Thinking

2. Effective Communication

3. Strong Service Orientation

4. Passion to Life-Long Learning

5. Sense of Personal and Professional Ethics

PROGRAMME LEARNING OUTCOMES:

On successful completion of the programme, students will be expected to:

KNOWLEDGE AND UNDERSTANDING

· Demonstrate comprehensive knowledge and understanding of core areas relevant to financial services management, related concepts and theories, and the relevance of these in a contemporary context.

· Demonstrate comprehensive knowledge and appreciation of current academic and practitioner debate on issues relating to, and the impact on, financial services management practice.

· Demonstrate comprehensive understanding of the interrelationship between organization, their stakeholders, their stake holders, the business, and the current economic and regulatory environment, and the implications for risk management in financial services management.

· Demonstrate critical understanding of the significance and potential impact of the wider socio-economic and regulatory environment on organizations and ultimately on Financial Services Management.

· Critically analyze, evaluate and reflect on ethical and governance issues in Financial Services management and recommend approaches to respond appropriately in different organizational contexts and geographical locations.

· Identify a research problem, develop a project plan, undertake detailed research, and report on the findings of that research, demonstrating knowledge and understanding of research planning, data gathering techniques and the interpretation and presentation of such data.

VALUES AND ATTITUDES:

· Understand the negative implications of greed and selfishness in the financial markets

· Demonstrate the importance of developing good investing and trading qualities such as self-control.

· Demonstrate the ability to plan, organize, and prioritise in a structured way.

· Possess the ability to influence and engage with a range of stakeholders (internal and external) and to build and maintain effective personal networks.

· Be an ethical and responsible financial services professional, demonstrating the highest level of integrity.

· Demonstrate the ability to lead and inspire.

GENERAL COURSE OBJECTIVES:

Successful completion of this course will enable an graduate to

1. Register their own Credit Restoration business

2. Be employed as a Credit Restoration officer in a financial institution.

3. Supplement their counseling, accounting, tax advisory, legal or other existing business support services with a new revenue option.

ASSESSMENT CRITERIA

Assessment Criteria are descriptions of the skills, knowledge or attributes students need to demonstrate in order to complete an assessment successfully and Grade-Related Criteria are descriptions of the skills, knowledge or attributes students need to demonstrate to achieve a certain grade or mark in an assessment. Assessment Criteria and Grade-Related Criteria for course assessments will be made available to students prior to an assessment taking place. More information will be available from the course leader.

FEEDBACK ON ASSESSMENT

Following an assessment, students will be given their marks and feedback in line with the Assessment Regulations and Policy. More information on the timing and type of feedback that will be provided for each assessment will be available from the course leader.

ASSESSMENT REGULATIONS

The Pass mark for the course is 70%. Any minimum qualifying marks for specific assessments are listed in the table above. The weighting of the different components can also be found above. A retake of the component will be required if you fail an assessment component or the module.

METHODOLOGY

The Course is designed to be an enjoyable and fulfilling shared learning experience. Participants will learn through the following ways:

· Guided listening viewing and reading of video and textual material

· Online interactions with the Lead Learner and others through discussion forums.

· Credit restoration project.

· Class participation

· Course assignments

LEARNING DELIVERY FORMAT

This course will be delivered as follows:

Twelve (12) interactive online sessions, each lasting approximately three (3) hours.

1. Students are expected to spend at least two (2) hours for each hour of class time in practice and independent study outside class.

2. Students will be asked select groups and should as much as possible collaborate and practice with their groups.

ASSESSMENT PROCEDURES

Students will be evaluated as follows:

• Student Participant. . (15%)

• Credit restoration project (30%)

• Mid-Term Quiz…………… (15%)

• Final examination (40%)

The final exam will be short answers and essay type questions on the material covered in classroom sessions.

SYLLABUS REFERENCES

RECOMMENDED REFFERENCE TEXTS:

Two textbooks are recommended:

Consumer Credit Law Manual, Lexis Nexus - Publisher: Matthew Bender Elite Products

The Truth about Credit Repair and how to Do it on Your Own with All Letters Included, by Erik Smith

As the Course develops, other references will be provided as best as possible.

RECOMMENDED CALCULATOR:

Students are urged to obtain a good Financial Calculator. It will prove invaluable throughout this program. Strongly recommended is the Texas Instrument BA II PLUS.

This course uses a combination of traditional and non-traditional elements to facilitate learning:

· Traditional material – the books.

· Traditional methods such as “lectures”, simulation, discussions tutorials and case studies

· New material – video and audio clips and a range of internet resources drawn from a wide range of conventional sources.

Included are several video clips that address important issues and concepts in a variety of ways. Some of these are by internationally acclaimed experts that we would not ordinarily have access to. The real value of these is that you can play them as often as you like. All have been evaluated for relevance.

Websites

https://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

https://www.consumerreports.org/credit-scores-reports/fix-your-credit-score-a1154903668/