AFFILIATE GUIDE TO FINANCIAL FREEDOM€¦ · Fees: 15% - IDS works on a 10% base charge allowing the affiliate some flexibility Con: More expensive than traditional financing. However

---- Follow the Path to Financial Freedom -----

AFFILIATE GUIDE

TO FINANCIAL FREEDOM

UNSECURED FLEXIBLE FUNDING

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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 programMax charge by IDS Affiliate is 15%.

10% due at program completionMax 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).

UNSECURED BUSINESS FINANCING

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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.

continued

UNSECURED FLEXIBLE BUSINESS FUNDING

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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.

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UNSECURED 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.

FUNDINGTELEPHONESCRIPT

Hi,mynameis________withIDS,WeofferaFlexibleFundingProgramwithNOUPFRONTFEES&azeroAPRforthefirst12to18months,andits100%unsecured,nocollateralisneeded.Wemaybeabletogetyoubetween$50Kto$200K.

Iknowthatyouwerelookingforfundinginthepastandwantedtoknowifyoustilldesireadditionalfunding?

Client:Nothanks,I’mfine.

IDSAgent:OKnoproblem,butletmemention,foryoutoqualifyforourflexiblefundingprogramit’saquickfive-minuteconversation.Andtogetanopinionfromunderwritingtherewillbenocreditpull,sonoinquirywillappearonyourpersonalcreditreport.Icouldhaveananswerforyouwithinonebusinessday.

Client:OK,Idostillneedfunding.TellmewhatwedotoseeifIqualify.

IDSAgent:Ok,letmequicklytellyouhowtheprogramworks.OurunderwriterwillanalyzeyourcurrentcreditsituationanddetermineifweareabletoachieveunsecuredzeroAPRfundingforupto$200K.

AsImentionedwechargeNOUPFRONTFEES,weonlygetpaidifweareabletogetyoufunding.Andthebestpartis,ourfeeswillbepaidfromthefundingwegetyou.Wecharge15%ofthetotalfundingamountweobtainforyou.Thefundingwewillobtainwillbeamixofhighcreditlimitcards.Thesecardscaneasilybeturnedintocash.

Whenthetimecomesyourdedicatedcreditspecialistwillwalkyouthroughconvertingthecardstocashifneeded.

Client:WhydoIneedyou?Icouldapplymyself.

IDSAgent:Iwishitwasthateasy.Likeanybusinesstherearetrickstothetrade.Itstartswithunderstandingyourcurrentcreditsituation.Welookforinconsistencesinyourcreditfile,suchasvariousaddresses,AKA’s,wrongsocialsecuritynumberandthattypeofthing.

Therealmagiccomesfromourunderstandingofhowcreditisissued,whateachinstitutionlooksforandwhattheyrequire.Hereisanexample;certaininstitutionswillnotissuecreditifyouhadevenoneinquirywithinthelastthirtydays.Otherwillallowfortwo.

Thepointisthis,weunderstandwhatthebanksarelookingforandwestrategicallyapproachthevariouslendersunderstandinghowtomaximizethepotentialforfunding.

Icangiveyouanotherexample;manytimesaclientwillmakeapplicationonlineandgetdenied.Typically,theclienttakesnofurtheraction.WhenyouworkwithIDSyougiveuspowerofattorneytocallthelenderandtalkdirectlytotheirunderwriters.Nineoutoftentimesthepriorapplicationwhichwasdeniedgetsapproved.

Client:Howlongwillthistake?WhenwillIhavemyfunding?

IDSAgent:Onceyouhavebeenpre-approvedwithnostipulationsthefundingcantakeplacewithintenbusinessdays.

Client:Whatkindofstipulationscantherebe?

IDSAgent:Ourin-houseunderwriterwilllookatcertainitemsonyourcreditreports,suchas;Latepayments,numberofinquiriesoverthelast12monthsandtheratiobetweenavailablecredittocreditutilized.

Client:SoImaynotgetapproved?WhatifIhavesomeoftheissuesyoumentioned?

IDSAgent:Nottoworry,wehaveteamedupwithavendorwhichofferscreditrepair.IfyouhaveanyoftheissuesImentionedwecanaddressthemthroughthecreditrepairservice.

Client:Howmuchwillthatcost?

IDSAgent:Idon’tknow.Itwoulddependonhowmuchworkthereistobedone.Let’shaveourunderwriterreviewyourfile,thenwewillknowexactlywherewestand.

Client:Ithinkmycreditscoreislow,isthataproblem?

IDSAgent:Thescoreitselfcanbeboostedthroughourcreditboostingprogram.Manytimeswecanboostyourscorebyfiftypointsormorewithin14days.Thefeeforthisis$500.

Client:Listen,Ihavenomoneytopayforanything.

IDSAgent:Iunderstand,ifthereareanyfeestoprepareyourfileforfundingwemaybeabletogetyouapprovedforasmalllineofcredittooffsetthefees.Thislineofcreditwillnotappearonyourpersonalcreditreportandtherewillnotbeaninquiryaswell.It’swhatwecallasoftpullonyourcredit.

Client:OK,howdowemoveforward?

IDSAgent:Ok,letmeaskyouafewquestions;

1. Haveyoureceivedanynewfundinginthelasttwelvemonths?2. Howmuchfundingareyoulookingfor?3. Doyoucurrentlyhaveacreditmonitoringservicethatyouuse,

suchascreditkarmaorcreditchecktotal?4. Doyouownabusiness?ordoyouhaveaLLCorSCorporation

withanEINNumber?

Client:IhaveacreditKarmaaccount.

IDSAgent:OK,great.Icancompleteyourpre-approvalapplicationifyoushareyourusernameandlogin.ThiswillgotounderwritingandIwillgetbackanapprovalwithinonebusinessday.

Client:Idonothaveacreditmonitoringaccount.

IDSAgent:(HeretheIDSAgenthastwooptions)

Option1.OK,wecantakefiveminutesandIcanwalkyouthroughsettingupafreecreditkarmaaccount.Nocreditcardisneededanditwillonlytakefiveminutes.

Option2.OK,noproblem.Iwillemailyouourpreapprovalapplication,itwillonlytakefiveminutestocomplete.OnceyoucompletetheapplicationitwillimmediatelygointoourunderwritingdepartmentandIwillcontactyouwithanupdate.

IDSAgent:MakesuretoenteryournewclientintheleadsectionoftheCRMandsettheLeadstatusaccordingly.

SIXOFTHEMOSTIMPORTANTCLIENTDATAPOINTS

CREDITCARDUTILIZATIONRATIO 10%orLower

NUMBEROFDEROGATORY/NEGETIVEITEMS: 0

NUMBEROFINQURIESLAST12MONTHS 6orLess

CREDITSCORE 720+

AGEOFCREDITFILE 5YRS+

MIXOFCREDITONFILE 5+ACCOUNTS

PotentialFundingAmount:$150,000+





CREDITSCORE 680+



PotentialFundingAmount:$100,000+





CREDITSCORE 680+



PotentialFundingAmount:$+50,000+


CREDITCARDUTILIZATIONRATIO 25%


NUMBEROFINQURIESLAST12MONTHS 12

CREDITSCORE 600



PotentialFundingAmount:Thisfilenoadditionalworktoobtainfunding

Legend:

IDSCorporateAddress&contactnumbers:323SunnyIslesBlvdSuite726SunnyIslesBeach,FL33160

Tele:877-658-1534Fax:561-207-7538Email:[email protected]

Yearestablished:2009BBBRating:A

ServicesOffered:1. FlexibleFunding2. FICOScoreBooster3. CreditRepair4. DebtSettlement

FlexibleFunding:Weobtainfundingthroughmajorcreditcardswhichcanbeconvertedintocash.Wenormallycanconvertupto90%oftheopencreditlinesintocashbyhavingtheissuingbanksendacashier’schecktotheclient.

IDSFundingFee:IDSchargesa15%feeofthetotalamountoffundingweprovideclient.Ourfeemaybepaidfromthefundingtheclientreceives.

AuthorizedUser:Whenonepersonaddsanotherasauthorizedtousetheprimarypersonscreditcard.Ifthepersonwhichaddstheotherindividualhasagoodcredithistory&largecreditline,thiswillincreasethecreditscoreofthepersonnamedastheauthorizeduser.ForthepurposeofwhatIDSdoestheauthorizeduserwillnothaveaccesstothecreditcardnortheabilitytodoanythingwiththeaccount.WerefertoauthorizedusersasAU’s.

Inquiries:Whenissuingcreditafinancialinstitutionwillpulltheclientscreditreport.Thiswillappearonthereportimmediatelyasaninquiry.Theinquirymayormaynotappearonallthreereportingagencies.

CreditSoftPull:Softpullssimplemeanthattheinquirydoesnotappearontheclientscreditreportandaninquirywheretheclientisseekingcredit.AsoftpullwillNOTaffectyourclientscreditscore.

CreditHardPull:Whenissuingcreditahardinquirywillappearontheclientcreditreport,typicallycausingtheclientcreditscoretogodown2pts.ThisinquirywillremainonthereportfortwoyearsandmayormaynotUnsecuredfunding:Whenfundingisprovidedwithnocollateral.Meaningthereisnothingsecuringtheloanotherthenthepersonalguaranteeofthepersonsigning.

Smalllineofcredit:Wemaybeabletoofferclientsupto$5,000ofinstantcredittopayforanyservicesweoffer.Thiswillnotappearontheclientscreditfileasitdoesnotreportunlesstheclientdefaults.Thisinstantcreditcanbeperformedwithasoftcreditpull.

CreditUtilizationRatio:Theratiobetweentheavailablecreditandtheamountofcreditbeingused.Ifaclienthasa$100,000ofavailablecreditandhasused$50,000theywouldhavearatioof50%.Tomaximizeonescredittheratioshouldneverexceed30%.Thisonefactorcanhaveahugeeffectononescreditscore.

Tradeline:Atradelineworksthesamewayasanauthorizeduser.Tradelinesarenormallymentionedwhenspeakingaboutbusinesscredit.Atradelineisanopenaccountthebusinesshaswhichreportstothecreditreportingagency.

Stipulations:Itemswhichneedtoberesolvedpriortoobtainingfunding.

CreditRepair:Placingdisputeswiththethreemajorcreditreportingbureaus.Experian,Equifax&Transunion.Creditrepairistheactofhavingthoseitemsremovedfromacreditreportwhichareunabletobeverifiedorprovenbythecreditreportingagency.

FreeCreditReport:Federallawrequiresthateachconsumermaypullonecreditreportannuallyatnocharge.Visit;https://MyAnnualCreditReport.com

Fraudalert:Havingafraudalertononescreditfilewillprohibitanyadditionalcreditbeingobtainedfororonbehalfofthepartyinwhichhasthefraudalertontheirfile.Mostfraudalertscomeaboutthroughidentitytheftorotheractionswhichwerenotauthorized.

Collateral:Toreceivesomethingofvalueyouwouldneedtopledgeorputupsomethingthelendercouldholdincaseyoudefaultontheloan.

APR:Annualpercentagerateyoupayontheoutstandingbalanceofaloan.

Minimumpayments:Therequiredpaymentbasedontheoutstandingbalance.Typicallytheminimumpaymentsarebetween1to3%.

ScoreBooster:BoostingonesFICOscoremaybeachievedinthreeways.Payingdownopenbalancestowhichpointtheyarenohigherthan30%ofoutstandingavailablecredit.Byaddingauthorizedusersorbyremovingnegativeitemsfromthecreditreport.

CardLiquidation:Whenyouconvertanopencreditcardlinetocash.Alsoknownasabalancetransfer.

CreditKarma:CreditKarmaoffersafreeandsubscriptionbasedcreditmonitoringservice.CreditKarmaisnotanexactreflectionofone’screditscoreorparticularstanding,butdoesofferagoodenoughglanceatonecreditfiletoofferapre-approvalwithinourflexiblefundingprogram.https://creditkarma.com

CreditBureaus:Agencieswhichmaintainrecordsofconsumercreditfiles.Thethreemajoragenciesare;Equifax,Transunion&Experian.Thesereportingfirmsareindividuallyownedanddonotshareinformationamongthemselves.Eachisapubliccompanyandnon-relatedtoanygovernmentagency.

DebtSettlement:Whenyoupaylessthanwhatisowedonanopenbalance.

CRM:FormallyknownasaClientRelationshipManagementSystem.Thissystemallowsyoutokeeptrackofyourleadsuntilwhichtimetheybecomeaclientorarenolongerviableasapotentialprospect.

ConsumerFunding:Obtainingfundingforaconsumerwhichisunsecured.Thisnormallyisachievedthroughapplyingandopeningcreditcardswhichmayalsobeconvertedtocash.

BusinessFunding:Obtainingfundingforanestablishedbusinesswhichdoesnotrequireapersonalguaranteebyanindividual.

Dunn&Bradstreet:Acreditreportingagencywhichreportscredithistoryforbusinesses.

POA:Powerofattorney.APOAisusedtogivecertainrightstoanotherindividualtoactonbehalfofthepartygivingthePOA.OurclientswillsignalimitedPOAwhichallowsustotalkwithandmakeapplicationforthesolepurposeofobtainingfunding.

Clientagreement:EachclientwillsignanIDSclientagreementwhichoutlineswhatservicesIDSwillperformalongwithourfeestructure.

FLOWCHARTOFANEWLEAD

Theprocessstartswithaproposaltoyourleadwiththeendgoalbeingthecreditmonitoringlogin.Wethenpre-approvethefileandyoumakethefinalproposaltoyourleadwiththehopesofclosingyourprospect.Oneofthreescenarioswilloccur:

1. Clientsfileisimmediatelyreadyforfunding.Noworkneedstobedone,clientcanobtainfundingwithinfivebusinessdays.

2. Clientneedtopaydownsomecreditcardbalances.Clienthasusedtomuchoftheiravailablecreditandneedstopaydowncertainbalances.Ifclient doesnothavetheavailablemoneytopaydownbalancestheymaybeabletodoatemporary balancetransfertoaspouseorrelative.In certain cases we may offer to pay off existing balances.

3. Clientneedsascorebooster.Weneedtoaddanauthorizeduserforyourclient.Wecharge$500perAU,thisfeemustbepaid upfront.Thiswillincreaseyourleadscreditscoreandallowustomaximizethepotentialfunding.

4. Clientneedscreditrepair.

NEWLEAD

OBTAINCREDITMONITORING

LOGIN

UNDERWRITINGPRE-APPROVAL

CLOSECLIENT,COMPLETECONTRACTS

OBTAINNEEDEDCLIENTDOCS

OBTAINFUNDING

Creditrepairnormallytakesfrom60to180daysdependingontheamountofworktobeperformed.Startingpriceisnormally$1,250to$2,995.Speaktoamanagertoseeifyourclientqualifiesforanunsecuredlineofcredittopayfortherepair.

LeadInformationtoenterintoCRM (InHouse Sales only)

1. LeadOwner–Setthistoyourname.2. Clientsfirstandlastname3. MobileTelephonenumber4. Clientsemailaddress5. Clientsdateofbirth6. LeadSource–settoyourname7. Desiredfundingamount8. CreditmonitoringURL–Websiteaddressofcreditmonitoringservice.9. Usernameandpasswordforcreditmonitoringservice.10. Socialsecuritynumber–weonlyneedthelastfourdigitstogetstarted.11. LeadStatus–Setthecorrectstatustobetterhelpyoumanageyour

leads.12. ServiceLevel–Setthistowhatservicestheclientislookingfor.

REQUIREDDOCSFROMCLIENTSTOOBTAINFUNDING

CompletedClientagreementCompletedPowerofattorneyFrontandbackofdriver’slicenseFrontandbackofsocialsecuritycardUtilityBill

Notes:Theclientagreement&POAissentthroughourelectronicsignatureplatform.Wesendtheclienttwoemails,onenotifyingthemthatthecontractiscomingandfromwhomthecontractwillcomefrom.ThesenderisE-signworld,rightsignature.com.wetellthemtochecktheirjunk/spamfolderifnotfoundintheirinbox.

UpontheclientsigningelectronicallythesystemwillemailthemaPDFcopyoftheagreementandPOA.TheyneedtoprintthePOAandsigninfrontofanotary.ThePOAcanbereturnedtoyouorouradminemailorfaxnumber;

[email protected]:561-207-7539

AFFILIATE GUIDE TO FINANCIAL FREEDOM€¦ · Fees: 15% - IDS works on a 10% base charge allowing the affiliate some flexibility Con: More expensive than traditional financing. However

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