Our Difference
Our 3 point service promise to each client:
• We Educate
Throughout the remediation process, we work to educate our clients, giving them the knowledge they need to maintain and manage their credit profile better, now and in the future. We want to be sure that our clients will be prepared for future loan approval.
Each of our clients receive an attractive portfolio that includes a 115 page bound manual that covers several financial topics as well as how to achieve and maintain great credit, a CD filled with over 30 useful reports, a bound report explaining the process, all packaged in an attractive 3 panel portfolio in addition to inclusion in the IDS club for 1 year and a monthly IDS newsletter with helpful hints.
• We Consult and Strategize
Life Compass IDS is a consulting firm that works with borrowers who have either been turned down for a home loan or would like to refinance their existing home loan at lower rates but cannot meet the credit scoring requirements of the lender. Life Compass IDS is not a traditional credit repair company. Credit repair companies only work on derogatory payment history, which represents 35% of an individual's score. Life Compass IDS works with our clients on 100% of what makes up the credit score. Most borrowers believe that the only reason they have a low score is because of late pays, charge-offs, bankruptcies, etc., but did you know that there are instances wherein a borrower with a bankruptcy may have a higher score than a borrower with just a couple late pays? The fact is that there are many reasons why a credit score is low and the only way to know what those reasons are is through experience, research and staying on top of the credit industry laws and changes in the scoring model industry. Life Compass IDS has successfully helped many borrowers increase their credit scores under even the most difficult circumstances.
• We Update and Follow Up
Life Compass IDS has implemented technically advanced database systems to ensure that we keep our clients and their mortgage professionals updated. Everyone involved will be better prepared to make the loan happen as soon as the credit challenges in question have been resolved.
• What We Do
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| Federal Statutes Applied |
Other Firms |
Basic |
GOLD |
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| Fair Credit Reporting Act |
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| Truth in Lending Act |
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| Fair Credit Billing Act |
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| Fair Debt Collection Practices Act |
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In addition to the credit bureau disputing service provided with the Basic level of service, our Gold level features several targeted creditor interventions which may further improve your client results. NOTE: any Life Compass referred client is automatically upgraded to the Gold level service at no additional cost (regular $100) . The following additional methods and interventions are included.
• Goodwill Interventions
A non-confrontational contact with a creditor for mild late-pay accounts in which the client's excellent fiscal relationship is leveraged in an effort to positively impact the associated credit reporting.
• Account Investigations
A non-dispute contact with a creditor for more seriously late accounts which requests either documentation of an account's compliance with various consumer protection statutes or a requisite alteration to the way it is represented within the clients credit reports.
• Debt Validation A non-dispute contact with a creditor for certain charged-off and collections accounts which affirms a client's rights under the Fair Debt Collection Practices Act (FDCPA) and demands a complete accounting of the alleged obligation's statutory compliance.
Generally speaking, every additional intervention on our client's behalf increases the likelihood of a favorable response. Since additional methods are brought to bear, Gold level clients may see results sooner. However, it is important to remember that Life Compass IDS cannot promise a particular result within a certain time frame since every case and credit report is different.
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