is a registered trademark of the Institute of Consumer Financial
Education (ICFE), San Diego, CA
Certified Credit Report Reviewer - CCRR®
CCRR® program is the nation's only 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 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 FTC. It led to the course and exam questions being
completely updated as of 01-2013.
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. 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 Report Reviewers (CCRRs®)
have learned Fair Credit Reporting Act (FCRA) and the Fair and Accurate
Credit Transaction Act (FACTA). They have learned how
to read and understand their own credit reports and those of others.
They have also learned about the steps to take to guard against
credit and identity theft, an important new aspect of the credit
report review service. Another important aspect in the training
is about credit scores; maintaining them or increasing them, which
often results in lower credit costs.
people are now becoming aware of the importance of looking at their
credit files, especially because of recent headline news stories
about the rapid increase of crime in these areas.
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
What are the CCRR's 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 in credit reports.
and verify information in credit reports.
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 scores.
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.
Is Enrolling In This Valuable
Certification Program and earning CE's?
Click here to
view a partial list of companies represented by current CCRRs®
CFP, CLU-ChFC, RFC, CPA, Notaries, Credit and Debt
Bank, Credit Union & Student Lenders
Military Personal Financial Counselor
Employee Benefits Administrators
Mortgage Lenders and Real Estate Agents
In-house Collection and Recovery Counselors
Faith Based Credit and Financial Counselors
Bankruptcy and Financial Education Instructors
First-time Home Buyer Advocates-Counselors
View News Release!
Specialized Credit Report Reviewer and ID
Theft Risk Management
Credentials from ICFE Set New Standard
Why Become a
Here's some of the reasons why people
are becoming an ICFE Certified Credit Report Reviewer:
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 5 CEs.
The CFP Board of Standards and Practices accepts
this program for 5 CEs for CFPs.
CCRR has been approved by the International Association of Privacy Professionals - IAPP for up to 20 group B, professional development, credits.
The Center for Financial Certifications accepts this CCRR course
for 14 CEs
*Accepted for 15 PDUs
from the American Assn. of Family & Consumer
National Assn. of Certified Credit Counselors (NACCC)
awards its members eight CEs.·
Association For Financial Counseling
and Planning Education (AFCPE.org) 5 CEs.
Benefit: Earn a listing in the ICFE's online International
Directory of CCRR®
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
on a CD Rom
Sample letters and freeze letters
from the Credit File Correction Guide also on the CD Rom
An ICFE Special Report on Identity Theft
PowerPoint Presentation on the CD-rom)
ICFE Certificate with ICFE Seal "Certified Credit
Report Reviewer -
Benefit: Earn a listing in the ICFE's online Directory of CCRR®
ICFE eNEWS and regular email updates
Multiple Enrollment Savings of $25 each. (2 or more
enrollments at same time)
ICFE CCRR® Independent
ICFE CCRR® 100
One ICFE Credit File Correction Guide
PDF format on the CCRR Resource Toolbox
ICFE Certified Credit Report Reviewer
CD Rom ICFE
Code of Ethics
for ICFE Certificants
About the Credit Report Review Service:
As an ICFE Certified
Credit Report Reviewer you will teach clients how to obtain their
credit reports from the three major CRAs. When the client has his
or her credit reports in hand, you will review their credit reports,
page-by-page, with the client present. The average credit report
review takes about an hour and fifteen minutes.
A husband and wife
are considered separate clients because there are no joint credit
You will explain
how they may make any changes and corrections and you may suggest
what changes to make using the ICFE's Do-It-Yourself Credit
File Correction Guide.
After you have finished
the interview you may want sell or provide the client a copy of
Credit File Correction Guide. The ICFE Guide has sample letters
for your clients to use as a guide in making any changes desired.
The ICFE's Guide is published in English and Spanish, so you
may provide a bi-lingual service if you so desire. If you provide
them with a complimentary copy of the ICFE Do-It-Yourself Credit
File Correction Guide, it is a $10-15 retail value, your cost is
$5 or below, subject to quantity.
Your clients will also receive an important
list of things they should to do prevent against Identity Theft.
The suggested fee is $35-$60 for about a one hour review
service, including the ICFE Guide. If you spend more than one hour,
but less than 90 minutes, the suggested fee is $50-$75 including
the ICFE Guide.
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.
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
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|call (619) 239-1401 Mon - Fri 9am to 6pm 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