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
including notary public, attorneys, security consultants, CPAs,
CFPs, and consumer educators.
The growth of the consumer credit
has been explosive. Americans are still getting all charged-up
with their plastic. Individual credit files continue to grow,
many times into more than three dozen pages. Credit scoring
is based in large part on these credit files and their accuracy
is paramount to obtaining the highest credit scores possible. This
area of growing concern to consumers and business owners alike is
one that is often overlooked by their well meaning financial and
business advisors, until now.
Certified Credit Scoring Specialists (CCSS™)
learn what the Fair Credit Reporting Act (FCRA) and the Fair and
Accurate Credit Transaction Act (FACTA) have to say about
credit scoring. They have learned how credit reports are structured
by the credit reporting agencies. They have also learned about
the history of credit scoring and the different credit model used
by lenders. This important aspect in the training is about
how credit scoring models are created.
people are now becoming aware of the importance of looking at their
credit files, especially because of recent headline news stories
about the effects of credit scoring which often results in lower
Studies have also shown that credit history
is a powerful predictor of future auto insurance losses. Many insurance
companies consider certain credit characteristics in addition to
many other factors when determining an individual's rate.
provide a valuable service by helping to educate their individual
clients and small business owners on the importance of maintaining
a good rating, high credit scores and protect their personal information
course learning goals and objectives?
1. Identify methods of access
to credit reports, free and otherwise.
2. List common
credit terms and define key credit differences.
information used in calculating credit scores.
how consumer behaviors affect credit scores.
a credit report for mistakes and missing information.
methods for credit file correction of mistakes and missing information.
7. How to
report inaccurate information on a report to CRAs.
8. List the
components of a credit score.
the impact of consumer behavior on credit files.
methods consumers can use to improve their credit score.
privacy laws and their impact on credit lenders and borrowers.
potential identity theft using a credit report and information provided
in a credit application.
the Consumer Financial Protection Bureau and the Federal Trade Commission
Resources for consumers.
key components of credit reports to consumers.
15. How to
use the legal system to effect changes on a credit report.
Becoming certified by the ICFE makes a difference
to your clients, your company and yourself
and is a manifestation
of your commitment to high standards of professionalism aimed at
your employer, your colleagues, your clients and the general
Demonstrate your professional qualifications.
Enhance your experience in the field and promote
your professional value.
about the new Consumer Financial Protection Bureau (CFPB)
Stay current with the FCRA/FACTA law and other financial
Fulfill continuing education (CE) and PACE requirements.
The International Association of Registered Financial
Consultants accepts this for 10 CEUs.
The CFP Board of Standards and Practices accepts
this program for 5 CEUs for CFPs.
CCSS has been approved by the International Association of Privacy Professionals - IAPP for up to 20 group B, professional development, credits..
*Accepted for 15 PDUs
from the American Assn. of Family & Consumer
National Assn. of Certified Credit Counselors (NACCC)
awards its members eight CEUs.·
Association For Financial Counseling
and Planning Education (AFCPE.org) 10 CEUs.
Benefit: Earn a listing in the ICFE's online International
Directory of CCSS™
About reviewing credit
There will be millions
of consumers who will need help understanding what is in their credit
report. Thousands of credit report reviewers will be needed the
years ahead as more consumers begin to take advantage of their free
About a half million
consumers 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 America's
fastest growing crimes - Identity Theft - by early
detection and better
consumer awareness, both can be a result of the credit report reviews.
Learn critical points
of the FCRA and the FACTA. The complete text is included in the
Study Guide (ISG. Also learn what a credit report reviewer
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
If you said yes, please read on.
The entire ICFE
certification process is explained in following paragraphs, including
a list of materials and pictures of the materials and Certificates
the ICFE provides to successful candidates. There are also more
details about providing the credit report review service.
Here is what's included in the
Independent Study Guide - FCRA/FACTA
Independent Study Guide
Table of Contents
(Click Here to View
Question Examination/Answer Sheet - FCRA/FACTA
100 question exam
- 80 correct answers required
ICFE Do-It-Yourself Credit File Correction Guide
ICFE Certificate with ICFE Seal "Certified Credit
Scoring Specialiast -
Benefit: Earn a listing in the ICFE's online Directory of CCSS™
ICFE eNEWS and regular email updates
Enrollment in ICFE CCSS™ Program
(INCLUDES Priority Mail postage)
Multiple Enrollment Savings of $25 each. (2 or more
enrollments at same time)
ICFE CCSS™ Independent
ICFE CCSS™ 100
One Each ICFE Credit File
Certificate with the ICFE
Code of Ethics
for ICFE Certificants
order your own credit reports.
In about a week, you will receive your ICFE Independent Study
the Examination and the ICFE's Do-It-Yourself Credit File
Complete at your own pace, using your
credit reports as you progress.
Lastly, when you have completed the exam,
send it to ICFE (PO Box 34070 San Diego, CA 92163)
OR fax it
to 619-923-3284 OR email it to the ICFE to get your grade and Certificate.
|To Order Financial Education Books,
DVDs, and Software:
Click Here for Order
Options (Online, Fax, Phone)
|California residents add 8.00ales tax
MasterCard or American Express Accepted
|call 619-239-1401 fax 619-923-3284 OR send check
or money order to:
Institute of Consumer Financial Education
P.O. Box WWW-34070
San Diego, CA 92163-4070
The Institute of Consumer Financial Education does not
make names available to third parties