AFFILIATE GUIDE - Integrity Debt Services
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---- Follow the Path to Financial Freedom -----
AFFILIATE GUIDE
TO FINANCIAL FREEDOM
UNSECURED FLEXIBLE FUNDING
Revolving Credit Lines: A form of financing utilizing multiple, revolving credit lines, all with a personal guarantee (credit cards). Our service
provider utilizes their expansive industry knowledge and proprietary banking relationships to improve or expand existing personal credit lines while
establishing new credit lines. To our knowledge, this is a one of a kind program where such high limits can be achieved, even with a moderate credit
history. To our knowledge, achieving these high credit limits, even with a moderate history, is a one of a kind program.
0% APR Market Rate APR
Funding Amount Up to $200,000 9.9% and up
Collateral Required None None
Funding Timeline 2-4 weeks 2-4 weeks
Deposits/Down Payments None required None required
Renewable After 12 months After 12 months
Participation Limits Multiple individuals per business allowed Multiple individuals per business allowed
Fees 10% due at completion of program 10% due at program completion
Max charge by IDS Affiliate is 15%. Max charge by IDS Affiliate is 15%.
*Program can be coordinated with the APR Flexible Funding allowing the borrower up to $200,000 in additional monies (see following info).
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UNSECURED BUSINESS FINANCING
Qualifications
Minimum Credit Score is 650 - If credit score is lower ask about our FICO Score Booster.
10 Inquiries or less in the past 6 months is optimal. However, if much of the other criteria is met, a higher amount of inquiries can work.
Client must have 2-5 credit cards with a year or more history. If not ask about our tradelines.
(Existing “higher limit” revolving credit lines will improve estimates and amounts that can be raised)
Current revolving debt/credit utilization must be 10% or less of the total. If higher there may be a solution. Ask an IDS credit guru.
Authorized User accounts can affect the amount of credit raised.
Clients should have one of more of the following credit lines already; Chase, City, B of A, Amex, Barclay.
No more than 2 new cards within the last year is preferred.
The more cards the Client has the better.
Pros and Cons: Like any financing there are Pros and Cons with Revolving Credit Lines as a means of financing. Fortunately, most Cons are temporary and in some
cases, turn into a benefit for the borrower. We have listed some examples below.
Interest Rates
Con: Once the 0% average Annual Percentage rates (APR) expire the market rates, depending on credit can range from 7%-21+%. Traditional financing APR is
much less expense at an est. 6%-8% APR.
Pro: Consider the alternatives e.g. 6%-8% APR for a traditional loan, upfront monies, collateralization vs. 0% for 12-24 months, the lines can be maxed out and
paid down repeatedly further minimizing the costs and you can renew the 0% program after one year.
These lines can be maxed out and paid down repeatedly which will further minimize the costs. Consider the alternatives for traditional financing e.g. down
payments of 10%-20% of the amount to be borrowed, collateralization, 6%-8% APR, etc.
High Credit Utilization Ratio
Con: This will depress your credit score.
Pro: 1) This should be temporary 2) As opposed to a traditional loan you can make minimum payments thereby conserving your cash flow until such time you
can pay down the balances 3) And this might be the biggest Pro of all, in the event of an unplanned or unforeseen business failure, your personal credit score
may be dinged up but; you will have a roof over your head and yours and your family’s wealth and personal assets will have been protected.
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UNSECURED FLEXIBLE FUNDING
Multiple Payments
Con: Multiple credit lines will result in multiple payments versus one single payment. This can be viewed as a hassle factor.
Pro: Automate the payments and successful management of the credit lines can/will improve your credit score over time.
Inquiries
Con: Too many inquiries will have a negative effect on your credit score.
Pro: 1) This is only temporary as inquiries will come off your credit report in 2 years, 2) Inquiries can be removed, 3) Inquiries become irrelevant to lenders after
1 year.
Fees: 15% - IDS works on a 10% base charge allowing the affiliate some flexibility
Con: More expensive than traditional financing. However with zero percent APR for up to 18 months it may cost less.
Pro: 1) Consider the alternatives for traditional financing e.g. down payments of 10%-20% of the amount to be borrowed, collateralization, 6%-8% APR. 2) Unlike
down payments fees are typically paid after the service has been completed, 3) These lines can be maxed out and paid down repeatedly which will further
minimize the costs.
Important, these credit lines should be considered a temporary solution. In a year or two, once the business is successfully established you can refinance
along more traditional lines. Ask about our business funding. This process allows for no personal guaranty by client, however this process can take from 4-6
months resulting in $50,000 to $75,000 in Funding. Round two of business funding will take an additional 4-6 months and may result in up to an additional
$200,000 in funding. The second round of funding is based on the business cash flow.
3|P a g eUNSECURED FLEXIBLE BUSINESS FUNDING
Unsecured Business Loans: These are multiple, unsecured Personal Loans where our service provider utilizes their expansive financial
services industry knowledge and proprietary banking relationships to gain approval(s) for unsecured personal loan(s) on behalf of the borrower.
Funding Amount Up to 200,000
Collateral Required None
Funding Timeline 6 - 12 months
Deposits/Down Payments None Required
Renewable After satisfied or positive DTI
Participation Limitations Multiple individuals per business
Term lengths 3-7 years
APR 6%-21% +/- | Avg. 10%-12% or whatever the
client decides
Fees 10% as each loan is originated
Qualifications
Minimum Credit Score is 690+
Gross business sales of $100,000 per year. Compensation of at least $50,000 annually
10 Inquiries or less in the past 6 months.
Client must have a positive Debt to Income Ratio (DTI). This can be determined by the service provider using bank statements, W-2’s, check
stubs, tax records, etc.
Current credit utilization ratio must be at or below 25% of total credit available.
Personal or Family military service record can double amounts
We may accelerate business funding depending on the D & B rating and the number of current active tradelines.
4|P a g eUNSECURED FLEXIBLE BUSINESS FUNDING
Pros and Cons: Like any financing there are Pros and Cons with Personal Loans Lines as a means of financing. Fortunately, most Cons are temporary and can in
some cases turn can into a benefit for the borrower. It should be noted that these loans serve a distinct purpose as many borrowers have neither the asset profile
or the financial qualifications required to obtain traditional financing OR the borrower may simply want to mitigate risk in some form. Regardless, the business can
obtain more traditional financing at a more optimum time. We have listed some examples below:
Multiple Loans/Payments
Con: Multiple loans result in multiple payments versus one single payment. This can be viewed as a hassle factor.
Pro: Automate the payments and successful management of the loan payments can/will improve your credit score over time.
Interest Rates
Con: Higher interest rates than traditional financing.
Pro: These loans have a high failure rate hence to higher interest rates. We advise that the borrower not be overly concerned about the interest rate, rather
they should focus on the amount of financing needed with a payment that the business can manage. As noted above Midas can arrange for more traditional
when the timing is right.
Fees: 12%
Con: More expensive than traditional financing.
Pro: Unlike down payments fees are typically paid after each loan is completed. Consider the alternatives for traditional financing e.g. down payments of 10%-
20% of the amount to be borrowed, collateralization, etc.
5|P a g eFUNDING TELEPHONE SCRIPT Hi, my name is ________ with IDS, We offer a Flexible Funding Program with NO UPFRONT FEES & a zero APR for the first 12 to 18 months, and its 100% unsecured, no collateral is needed. We may be able to get you between $50K to $200K. I know that you were looking for funding in the past and wanted to know if you still desire additional funding? Client: No thanks, I’m fine. IDS Agent: OK no problem, but let me mention, for you to qualify for our flexible funding program it’s a quick five-minute conversation. And to get an opinion from underwriting there will be no credit pull, so no inquiry will appear on your personal credit report. I could have an answer for you within one business day. Client: OK, I do still need funding. Tell me what we do to see if I qualify. IDS Agent: Ok, let me quickly tell you how the program works. Our underwriter will analyze your current credit situation and determine if we are able to achieve unsecured zero APR funding for up to $200K. As I mentioned we charge NO UPFRONT FEES, we only get paid if we are able to get you funding. And the best part is, our fees will be paid from the funding we get you. We charge 15% of the total funding amount we obtain for you. The funding we will obtain will be a mix of high credit limit cards. These cards can easily be turned into cash.
When the time comes your dedicated credit specialist will walk you through converting the cards to cash if needed. Client: Why do I need you? I could apply myself. IDS Agent: I wish it was that easy. Like any business there are tricks to the trade. It starts with understanding your current credit situation. We look for inconsistences in your credit file, such as various addresses, AKA’s, wrong social security number and that type of thing. The real magic comes from our understanding of how credit is issued, what each institution looks for and what they require. Here is an example; certain institutions will not issue credit if you had even one inquiry within the last thirty days. Other will allow for two. The point is this, we understand what the banks are looking for and we strategically approach the various lenders understanding how to maximize the potential for funding. I can give you another example; many times a client will make application online and get denied. Typically, the client takes no further action. When you work with IDS you give us power of attorney to call the lender and talk directly to their underwriters. Nine out of ten times the prior application which was denied gets approved.
Client: How long will this take? When will I have my funding? IDS Agent: Once you have been pre-approved with no stipulations the funding can take place within ten business days. Client: What kind of stipulations can there be? IDS Agent: Our in-house underwriter will look at certain items on your credit reports, such as; Late payments, number of inquiries over the last 12 months and the ratio between available credit to credit utilized. Client: So I may not get approved? What if I have some of the issues you mentioned? IDS Agent: Not to worry, we have teamed up with a vendor which offers credit repair. If you have any of the issues I mentioned we can address them through the credit repair service. Client: How much will that cost? IDS Agent: I don’t know. It would depend on how much work there is to be done. Let’s have our underwriter review your file, then we will know exactly where we stand. Client: I think my credit score is low, is that a problem?
IDS Agent: The score itself can be boosted through our credit boosting
program. Many times we can boost your score by fifty points or more
within 14 days. The fee for this is $500.
Client: Listen, I have no money to pay for anything.
IDS Agent: I understand, if there are any fees to prepare your file for
funding we may be able to get you approved for a small line of credit
to offset the fees. This line of credit will not appear on your personal
credit report and there will not be an inquiry as well. It’s what we call
a soft pull on your credit.
Client: OK, how do we move forward?
IDS Agent: Ok, let me ask you a few questions;
1. Have you received any new funding in the last twelve months?
2. How much funding are you looking for?
3. Do you currently have a credit monitoring service that you use,
such as credit karma or credit check total?
4. Do you own a business? or do you have a LLC or S Corporation
with an EIN Number?
Client: I have a credit Karma account.
IDS Agent: OK, great. I can complete your pre-approval application if
you share your user name and login. This will go to underwriting and I
will get back an approval within one business day.Client: I do not have a credit monitoring account. IDS Agent: (Here the IDS Agent has two options) Option 1. OK, we can take five minutes and I can walk you through setting up a free credit karma account. No credit card is needed and it will only take five minutes. Option 2. OK, no problem. I will email you our preapproval application, it will only take five minutes to complete. Once you complete the application it will immediately go into our underwriting department and I will contact you with an update. IDS Agent: Make sure to enter your new client in the lead section of the CRM and set the Lead status accordingly.
SIX OF THE MOST IMPORTANT CLIENT DATA POINTS
CREDIT CARD UTILIZATION RATIO 10% or Lower
NUMBER OF DEROGATORY/NEGETIVE ITEMS: 0
NUMBER OF INQURIES LAST 12 MONTHS 6 or Less
CREDIT SCORE 720+
AGE OF CREDIT FILE 5YRS +
MIX OF CREDIT ON FILE 5+ ACCOUNTS
Potential Funding Amount: $150,000 +
SIX OF THE MOST IMPORTANT CLIENT DATA POINTS
CREDIT CARD UTILIZATION RATIO 10% or Lower
NUMBER OF DEROGATORY/NEGETIVE ITEMS: 0
NUMBER OF INQURIES LAST 12 MONTHS 6 or Less
CREDIT SCORE 680+
AGE OF CREDIT FILE 5YRS +
MIX OF CREDIT ON FILE 5+ ACCOUNTS
Potential Funding Amount: $100,000+SIX OF THE MOST IMPORTANT CLIENT DATA POINTS
CREDIT CARD UTILIZATION RATIO 10% or Lower
NUMBER OF DEROGATORY/NEGETIVE ITEMS: 0
NUMBER OF INQURIES LAST 12 MONTHS 6 or Less
CREDIT SCORE 680+
AGE OF CREDIT FILE 2YRS +
MIX OF CREDIT ON FILE 2+ ACCOUNTS
Potential Funding Amount: $+50,000+
SIX OF THE MOST IMPORTANT CLIENT DATA POINTS
CREDIT CARD UTILIZATION RATIO 25%
NUMBER OF DEROGATORY/NEGETIVE ITEMS: 1
NUMBER OF INQURIES LAST 12 MONTHS 12
CREDIT SCORE 600
AGE OF CREDIT FILE 2YRS +
MIX OF CREDIT ON FILE 1+ ACCOUNTS
Potential Funding Amount: This file no additional work to obtain fundingLegend: IDS Corporate Address & contact numbers: 323 Sunny Isles Blvd Suite 726 Sunny Isles Beach, FL 33160 Tele: 877-658-1534 Fax: 561-207-7538 Email: Info@Integritydebtservices.com Year established: 2009 BBB Rating: A Services Offered: 1. Flexible Funding 2. FICO Score Booster 3. Credit Repair 4. Debt Settlement Flexible Funding: We obtain funding through major credit cards which can be converted into cash. We normally can convert up to 90% of the open credit lines into cash by having the issuing bank send a cashier’s check to the client. IDS Funding Fee: IDS charges a 15% fee of the total amount of funding we provide client. Our fee may be paid from the funding the client receives.
Authorized User: When one person adds another as authorized to use the primary persons credit card. If the person which adds the other individual has a good credit history & large credit line, this will increase the credit score of the person named as the authorized user. For the purpose of what IDS does the authorized user will not have access to the credit card nor the ability to do anything with the account. We refer to authorized users as AU’s. Inquiries: When issuing credit a financial institution will pull the clients credit report. This will appear on the report immediately as an inquiry. The inquiry may or may not appear on all three reporting agencies. Credit Soft Pull: Soft pulls simple mean that the inquiry does not appear on the clients credit report and an inquiry where the client is seeking credit. A soft pull will NOT affect your clients credit score. Credit Hard Pull: When issuing credit a hard inquiry will appear on the client credit report, typically causing the client credit score to go down 2 pts. This inquiry will remain on the report for two years and may or may not Unsecured funding: When funding is provided with no collateral. Meaning there is nothing securing the loan other then the personal guarantee of the person signing. Small line of credit: We may be able to offer clients up to $5,000 of instant credit to pay for any services we offer. This will not appear on the clients credit file as it does not report unless the client defaults. This instant credit can be performed with a soft credit pull. Credit Utilization Ratio: The ratio between the available credit and the amount of credit being used. If a client has a $100,000 of available credit and has used $50,000 they would have a ratio of 50%. To maximize ones credit the ratio should never exceed 30%. This one factor can have a huge effect on ones credit score.
Trade line: A trade line works the same way as an authorized user. Trade lines are normally mentioned when speaking about business credit. A trade line is an open account the business has which reports to the credit reporting agency. Stipulations: Items which need to be resolved prior to obtaining funding. Credit Repair: Placing disputes with the three major credit reporting bureaus. Experian, Equifax & Transunion. Credit repair is the act of having those items removed from a credit report which are unable to be verified or proven by the credit reporting agency. Free Credit Report: Federal law requires that each consumer may pull one credit report annually at no charge. Visit; https://MyAnnualCredit Report.com Fraud alert: Having a fraud alert on ones credit file will prohibit any additional credit being obtained for or on behalf of the party in which has the fraud alert on their file. Most fraud alerts come about through identity theft or other actions which were not authorized. Collateral: To receive something of value you would need to pledge or put up something the lender could hold in case you default on the loan. APR: Annual percentage rate you pay on the outstanding balance of a loan. Minimum payments: The required payment based on the outstanding balance. Typically the minimum payments are between 1 to 3%. Score Booster: Boosting ones FICO score may be achieved in three ways. Paying down open balances to which point they are no higher than 30% of outstanding available credit. By adding authorized users or by removing negative items from the credit report.
Card Liquidation: When you convert an open credit card line to cash. Also known as a balance transfer. Credit Karma: Credit Karma offers a free and subscription based credit monitoring service. Credit Karma is not an exact reflection of one’s credit score or particular standing, but does offer a good enough glance at one credit file to offer a pre-approval within our flexible funding program. https://creditkarma.com Credit Bureaus: Agencies which maintain records of consumer credit files. The three major agencies are; Equifax, Transunion & Experian. These reporting firms are individually owned and do not share information among themselves. Each is a public company and non-related to any government agency. Debt Settlement: When you pay less than what is owed on an open balance. CRM: Formally known as a Client Relationship Management System. This system allows you to keep track of your leads until which time they become a client or are no longer viable as a potential prospect. Consumer Funding: Obtaining funding for a consumer which is unsecured. This normally is achieved through applying and opening credit cards which may also be converted to cash. Business Funding: Obtaining funding for an established business which does not require a personal guarantee by an individual.
Dunn & Bradstreet: A credit reporting agency which reports credit history for businesses. POA: Power of attorney. A POA is used to give certain rights to another individual to act on behalf of the party giving the POA. Our clients will sign a limited POA which allows us to talk with and make application for the sole purpose of obtaining funding. Client agreement: Each client will sign an IDS client agreement which outlines what services IDS will perform along with our fee structure.
FLOW CHART OF A NEW LEAD
NEW LEAD
OBTAIN CREDIT
OBTAIN FUNDING MONITORING
LOGIN
OBTAIN NEEDED UNDERWRITING
CLIENT DOCS PRE-APPROVAL
CLOSE CLIENT,
COMPLETE
CONTRACTS
The process starts with a proposal to your lead with the end goal being the credit monitoring
login. We then pre-approve the file and you make the final proposal to your lead with the
hopes of closing your prospect. One of three scenarios will occur:
1. Clients file is immediately ready for funding.
No work needs to be done, client can obtain funding within five business days.
2. Client need to pay down some credit card balances.
Client has used to much of their available credit and needs to pay down certain balances. If client
does not have the available money to pay down balances they may be able to do a temporary
balance transfer to a spouse or relative.In certain cases we may offer to pay off existing balances.
3. Client needs a score booster.
We need to add an authorized user for your client. We charge $500 per AU, this fee must be
paid upfront. This will increase your leads credit score and allow us to maximize the potential
funding.
4. Client needs credit repair.Credit repair normally takes from 60 to 180 days depending on the amount of work to be
performed. Starting price is normally $1,250 to $2,995. Speak to a manager to see if your client
qualifies for an unsecured line of credit to pay for the repair.
Lead Information to enter into CRM (InHouse Sales only)
1. Lead Owner – Set this to your name.
2. Clients first and last name
3. Mobile Telephone number
4. Clients email address
5. Clients date of birth
6. Lead Source – set to your name
7. Desired funding amount
8. Credit monitoring URL – Website address of credit monitoring service.
9. User name and password for credit monitoring service.
10.Social security number – we only need the last four digits to get started.
11. Lead Status – Set the correct status to better help you manage your
leads.
12.Service Level – Set this to what services the client is looking for.
REQUIRED DOCS FROM CLIENTS TO OBTAIN FUNDING
Completed Client agreement
Completed Power of attorney
Front and back of driver’s license
Front and back of social security card
Utility Bill
Notes:
The client agreement & POA is sent through our electronic signature platform. We send the client two
emails, one notifying them that the contract is coming and from whom the contract will come from. The
sender is E-sign world, rightsignature.com. we tell them to check their junk/spam folder if not found in
their inbox.Upon the client signing electronically the system will email them a PDF copy of the agreement and POA. They need to print the POA and sign in front of a notary. The POA can be returned to you or our admin email or fax number; admin@integritydebtservices.com - telefax: 561-207-7539
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