San Diego, CA (PRWEB) December 01, 2015
The Institute of Consumer Financial Education (ICFE) has introduced for November 2015 a new certification course titled: Certified Credit Repair Specialist (CCRS™) It has been accepted for 5 CEs by the AFCPE and variety of other professional organizations, American Association of Family and Consumer Sciences (AAFCS.org) accepts it for 10 Professional Development Units (PDUs).
The ICFE certification program was developed to give credit repair advisors some form of legitimization and recognition train and equip all other financial counselors with the tools to determine the methods of correcting mistakes in a credit report plus how to change and improve it. Useful for all credit and debt counselors.
ICFE Certified Credit Repair Specialists teach clients how to obtain their credit reports from the three major CRAs. When the client has his or her credit reports in hand, credit reports are reviewed, page-by-page, with the client present. The average credit report review and checking for mistakes takes about an hour and fifteen minutes.
The ICFE's new CCRS™ program explores the Credit Repair Organizations Act CROA, the FCRA/FACTA laws about consumer credit repair. Nearly every financial counselor has been asked by a client about their credit files and what it determines in their financial lives. The new Certified Credit Repair Specialist (CCRS™) program educates trains and equips all financial counselors with the knowledge needed to determine what how credit file mistakes, damage credit ratings and scores and how to change or make improvements. Learning credit repair procedures of the CROA and how the FCRA-FACTA law treats credit file mistakes. The most common questions asked about credit repair is how mistakes in the file can negatively affect the credit score.
The credit file is the basic element that determines whether consumers will be able to make certain purchases but few people know what it means. The three major credit reporting agencies – Experian, TransUnion and Equifax – provide different reports for the same people. It is estimated more than 25 percent contain errors and that may mean the difference between a ‘yes’ or ‘no’ when applying for a bank loan or purchasing a big-ticket item like a car or appliances. It can also raise the cost of credit and insurance.
More information on the course is available at http://www.financial-education-icfe.org/ICFE_CCRS/default.asp
Certified Credit Repair Specialist - CCRS™
CCRS™ is a registered trademark of the Institute of Consumer Financial Education (ICFE), San Diego, CA
MORE ABOUT THE ICFE
The Institute of Consumer Financial Education (ICFE) was founded as a non-profit organization in 1982 to help consumer improve spending habits, increase savings and use credit more wisely. Working in cooperation with government and business, the ICFE offers several certification programs with Continuing Education Units and Professional Development Units including Certified Identity Theft Risk Management Specialist-CITRMS® XV Program and the Certified Consumer “Debt Collection Compliance Specialist®. Paul S. Richard is the ICFE President and Executive Director. To learn more about ICFE visit their websites at http://www.financial-education-icfe.org and http://www.studentdebthelp.org. For further information contact charlie(at)dtpublicrelations(dot)com
More about CCRS
The ICFE's Certified Credit Repair Specialist (CCRS™) program is the nation's premier comprehensive training and certification specifically developed for credit industry professionals who are dedicated to educating and assisting consumers, clients, customers, businesses, and the general public in credit reporting, credit file correction a/k/a credit repair. Also included is credit scoring plus how to maintain a good report and high score. With the birth of the Consumer Financial Protection Bureau (CFPB) in 2012, it took over the enforcement of the FCRA/FACTA laws from the Federal Trade Commission (FTC) which resulted in many new rules and regulations for the credit services industry.
CCRS™ qualified professionals are employed by a wide range of organizations including consumer credit and debt counseling organizations, credit unions and other financial institutions, student loan lenders, cooperative extension system, all branches of the military, mortgage, real estate, and financial services firms; law enforcement, and other government agencies. Many others are private practitioners, financial educators, notary public, attorneys, security consultants, CPAs, CFPs, and other consumer advocates.
ICFE CCRSs™ provide a valuable service by helping to educate their individual clients and small business owners on the importance of maintaining a good rating, correcting mistakes in credit files ASAP, keep high credit scores and protect their personal information from criminals.