Explore every episode of the podcast BARG!
| Title | Pub. Date | Duration | |
|---|---|---|---|
| How to help clients with collections! | 23 Feb 2023 | 00:22:23 | |
It is very common to find a collection on your client's credit bureau. Find out the best ways to help your client deal with issues, so you can get them approved for best rate mortgage financing as quickly as possible. Resources: Video for your clients to help them better understand how to deal with collections - https://youtu.be/WR433BZk538 Ashley Pillay contact info Links to get your client's credit report: FREE EQUIFAX REPORT: PAID TRANSUNION REPORT: | |||
| How to use Credit to build your New-to-Canada Business | 09 Feb 2023 | 00:24:42 | |
Even if you don't speak a second language, those who are New-to-Canada are amazing referrers and need your help. Newcomers generally are hard working, have savings, and want to buy a house; they just need help building their credit and getting a high score. In this episode, Gagan Luna go through some New-to-Canada tips and the best way to improve your clients credit. Resources: Conversation for your clients - Credit 101 - https://youtu.be/Ki9KZs7YXuI | |||
| Bankruptcy and Consumer Proposal: A secret to get more business | 29 Jun 2022 | 00:31:12 | |
I regularly get asked about Consumer Proposals and Bankruptcies. To answer the most popular questions I get and how you can make a lot more money I brought in Ross Taylor to help me out. He gives a great example on how he uses his knowledge of credit, to close more deals and work with extreemly grateful clients. Resource Section: Visual to help explain how long a Consumer Propsal and a Bankruptcy stay on your client's Equifax and TransUnion report. https://tinyurl.com/2pm8ntsn Video to help any clients discover the most Common Errors that show up on the credit report after an insolvency. https://fb.watch/dX3VphJpg4/ Video to help explain the difference between Credit Accounts and Public records and Consumer Proposals and Bankruptcies to your clients. https://www.youtube.com/watch?v=67xiZ8SNznA&t=72s | |||
| It takes two to Tango, and to have good Credit! | 15 Jun 2022 | 00:30:20 | |
Does your client have good credit? You might only look at Equifax but the insuriers and some lenders also review the TransUnion report. In this video, Jamie Lee Ushko and I go through the dangers of only looking at the one report. Resource Section:
Links to get your client's credit report: FREE EQUIFAX REPORT:
PAID EQUIFAX
FREE EQUIFAX REPORT THROUGH BORROWELL:
FREE TRANSUNION REPORT:
PAID TRANSUNION REPORT:
FREE TRANSUNION REPORT THROUGH CREDIT KARMA:
| |||
| How to spot Deferrals, Late Payments, and Get Deals Done! | 01 Jun 2022 | 00:24:28 | |
A lot has chanced since Covid including how underwriters look at deferrals. Even though it might have been a couple years since your client has deferred or skipped any payments the underwriters are still asking questions about them. Find out how to spot them and how to make sure your deal still gets done. | |||
| How to use Ratings to Save and Get More Business | 18 May 2022 | 00:29:28 | |
How do you increase your clients credit score quickly? Is there anyway to get a 9 back to a 1 rating once it is paid off? Should you suggest your client get a credit card to increase the score before getting mortgage financing? Should a client pay off and close an account with an overdue amount? Understanding the ratings are the key to answer these questions which Jasmine Findlay I go through with you in this episode of BARG! Resource Section:
| |||
| The Strategy of when to Pay off a Loan | 09 May 2022 | 00:23:10 | |
Having a client pay off a loan might help their debt service ratios but it will also lower the score. Find out when is the best time to have your client pay off their loans. RESOURCES YOU CAN SEND TO YOUR CLIENTS: To help explain to your clients why they need to talk to you first before paying off a loan - https://www.youtube.com/watch?v=nBA73yYY1EI&t=12s | |||
| Why you can't trust the Consumer Credit Score | 04 May 2022 | 00:17:36 | |
When you ask a client if they have good credit, most likely they are lying to you. Not on purpose of course, but the score they have access to can be very different from the one that you see. Not only does this confuse them, it might be a bit confusing to you as well. Check out the video of my conversation with Jenn Fowler about the different scores Equifax and TransUnion provide and why it is important for your business. Below are some links to resources you can pass along to your clients. Stay tuned for more conversations about credit! RESOURCES YOU CAN SEND TO YOUR CLIENTS: To help explain there are multiple credit scores - https://www.youtube.com/watch?v=yKVKM4n34gg&t=8s ARTICLE: What I send to clients when they are worried about having their credit report pulled or a hard hit -https://tinyurl.com/ys232655 | |||
| The Right Credit Rebuilding products for your clients | 26 Jan 2023 | 00:13:06 | |
Do you have a client that has been through a debt program before or just has bad credit? In this episode, I go through different types of credit prodcuts and what you need to know before you recommend it to your clients trying to rebuild their credit. Resources: The Underwriter's check list (The 2,2,2 rule) - https://www.facebook.com/groups/731868324863099/posts/915411879842075/ 5 reason you don't want to get a loan to rebuild your credit - https://www.youtube.com/watch?v=WglSrnoKZOU&t=1s Other Reviews: Can Rent Build your Credit in Canada? - https://youtu.be/lgwX7getc7U Credit Rebuilding Loans in Canada: Refresh Financial Credit Rebuilder Loan Review - https://youtu.be/tQUDQJKch6A Credit Rebuilding Credit Cards in Canada: Major Bank Secured Credit cards - https://youtu.be/p7etRSGssT4 | |||
| The Credit "F-word" (How to know if a property was included in an insolvency) | 12 Jan 2023 | 00:25:21 | |
As a mortgage broker, you are forced to know a little about a lot of different industries. If you have a client that has been through a bankruptcy or consumer proposal, mortgage lenders require specific supporting documents. Today we have a special guest, Doug Hoyes - licensed Trustee, to help me explain what the underwriters require. We also cover, how to confirm if there was a foreclosure (what I call the Credit "F" Word) in your client's consumer proposal or bankruptcy. Resources: Resource to pass on to your client, so they can avoid doing the worst thing to their credit! https://youtu.be/WglSrnoKZOU Common Errors after a Bankruptcy - https://www.facebook.com/groups/731868324863099/posts/798611698188761/ Which debt program is better for your Credit in Canada https://youtu.be/q70E531ldqw Number to get your Bankruptcy or Consumer Proposal Documents - 1-877-376-9902 (client leaves a message and documents get sent out within a couple business days) List of Insolvency forms and what they are - https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms OSB Website - https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms Insolvency Terminology that is good to know: Debtors vs Clients - https://www.facebook.com/groups/731868324863099/posts/940883250628271 What is a LIT? - https://www.facebook.com/groups/731868324863099/posts/940990333950896/ What is a Trustee? https://www.facebook.com/groups/731868324863099/posts/941005557282707/ What is a debt consultant? https://www.facebook.com/groups/731868324863099/posts/940975210619075/ Who is the OSB? https://www.facebook.com/groups/731868324863099/posts/941006927282570/ What is an OPD? - https://youtu.be/MSK-fdILCPw
| |||
| The Underwriter's Checklist and the Ultimate type of Credit | 08 Dec 2022 | 00:24:44 | |
Your clients might be obsessed with their three-digit number, but the underwriter is looking for more than just a high score. Find out what your underwriter considers Good Credit as we discuss established credit with Jill Mollering. We also review what I consider, the "ULTIMATE" type of credit! Resources: Which type of Credit accounts are best for your Credit - https://creditgame.net/free-resources/secured-credit-cards/ The difference between Secured Credit and Prepaid Credit - https://creditgame.net/free-resources/secured-credit-cards/ Jill Moellering's underwriters course - https://www.jillmoelleringmortgages.com/mortgagenerd | |||
| What every broker needs to know about Debt Programs | 24 Nov 2022 | 00:24:58 | |
What every Brokers needs to know about Debt Programs!Many Canadians have been through a debt program and are now looking for mortgage financing. In this video, I outline what every broker needs to know to get more business and help your clients. Resource Links: How to Save thousands when Negotiating Collections: https://youtu.be/jUi7LMKAAFk What your client needs to know before entering a debt program: https://youtu.be/q70E531ldqw Pros and Cons of: Bankruptcy- https://youtu.be/cvP1rDpt9ew | |||
| Joint Credit Roulette - How to WIN BIG by Educating your Clients! | 10 Nov 2022 | 00:17:23 | |
Gambling can be fun, but not when it comes to your credit. In this episode, I dicuss with Jason Ferguson what is important to know about Joint Credit. Find out how to use this information to educate your clients and build your business! Resource Links Video to help explain to your clients the risks of Joint credit - https://youtu.be/G4gduk4VwKA What is a Spousal Buyout? -https://www.facebook.com/groups/731868324863099/posts/894337855282811/ What is PiggyBack Credit? -https://www.facebook.com/groups/731868324863099/posts/894001558649774/ Joint Credit Risks image - https://creditgame.net/wp-content/uploads/2022/11/Joint-Credit-Risks.png | |||
| Credit Self Defence - To help your clients and build your business | 27 Oct 2022 | 00:24:20 | |
Credit Self-Defence is essential, especially because Fraud is the number one growing crime in Canada. There are lots of tips and tricks to help your clients avoid the issue, but we also go through what you need to know when fraud happens to you, or your clients. Video to help explain to your clients: What to do (Step-by-Step) if they have been a victim of fraud: https://youtu.be/VILpW20W2BA Video to help explain to your clients: How to proctect themselves with Credit Self-Defecnce: https://www.facebook.com/TheCreditGameCanada/posts/869504554438514 Resource Links What your client should know before going to a police station: https://creditgame.net/uncategorized/police-station-fraud-101/ How to report Fraud: https://www.antifraudcentre-centreantifraude.ca/report-signalez-eng.htm Consumer Dispute links: Equifax - https://www.consumer.equifax.ca/personal/dispute-credit-report/ TransUnion - https://www.transunion.ca/assistance/credit-report-disputes How to get your credit report: Youtube Playlist with all the videos - https://www.youtube.com/playlist?list=PLPRlFaBC4efTkhgiYnljHJHtQJlksuN3p FREE EQUIFAX REPORT: How to navigate the process - https://www.youtube.com/watch?v=gwmGM1iUgZA Direct link - https://www.consumer.equifax.ca/personal/products/credit-score-report/ Mail in Request form – They no longer accept faxed in copies - https://assets.equifax.com/assets/canada/english/creditReportRequestForm.pdf PAID EQUIFAX REPORT: How to navigate the process - https://www.youtube.com/watch?v=SguRJpNBcQc Direct link - https://www.consumer.equifax.ca/personal/ FREE EQUIFAX REPORT THROUGH BORROWELL: How to navigate the process - https://www.youtube.com/watch?v=DSMRjVhKHCM Direct link - https://borrowell.com/ FREE TRANSUNION REPORT: How to navigate the process - https://www.youtube.com/watch?v=Foh30VFVSOk Direct link - https://secure-ocs.transunion.ca/secureocs/home.html Mail in Request form – I don’t suggest faxing it https://www.transunion.ca/content/dam/transunion/ca/consumer/documents/Consumer_Disclosure_Request_Form_en.pdf PAID TRANSUNION REPORT: How to navigate the process - https://www.youtube.com/watch?v=i8yTdUq-aZE Direct link - https://members.transunion.ca/tucan_en/orderStep1_form.page?offer=CANTUM10070&CID=TRANSUNION:HPB FREE TRANSUNION REPORT THROUGH CREDIT KARMA: How to navigate the process - https://www.youtube.com/watch?v=XS-gtbms7pU Direct link - https://www.creditkarma.ca/ | |||
| How to spot a Split File and save the Mortgage! | 27 Jul 2022 | 00:28:27 | |
It is very common for certain types of credit to have what is called a Spilt file. Multiple credit files for the same client, that can keep you from getting them approved. Lisa Last and I outline how to Spot a Split File before the underwriter sees it and save the Mortgage. Resource Section: Image that outlines how you can tell which province your client received the SIN number - https://tinyurl.com/2cxm63fu More information on common errors after a Bankruptcy or Consumer Proposal - https://tinyurl.com/yxxtksyk
| |||
| How to use Utilization to increase the Score and Make Money. | 13 Jul 2022 | 00:24:50 | |
Do you need a fast jump your clients credit score? Porcia Boateng and I go through one of the best ways to increase your the Equifax and TransUnion score quickly and properly. Find out what Porcia calls a "Credit Super Power!" It will help you save some deals and impress your clients! Resource Section:
| |||