Peaceful Payback Credit Score Information
All clients start with a credit score of 100. The determining factors of raising the credit score to the max of 300 depends on: paying back on time, paying back early, paying back late, rolling over, only being able to pay the amount of interest, how often they borrow, classes attended, PP events attended, filling out surveys and providing feedback, purchase of book, accessories and getting other services.
Paying on time (no more than 3 days): +5 points
Paying back early (# of days in advance): +5 to +15 points
Paying back late (# of days late): -5 to -15 points
Rolling over (interest+loan amount and borrowing back): +15 points Paying back only interest (no other choice but to rollover):-5 points How often they borrow (daily, monthly, yearly/attempts to): +10,+5,+2 Attempts to borrow over their limit (frequency):-10 points
Classes Attended (Seminars, Speaking, Etc):+25 points
PP Events Attended (Appreciation events, Etc):+15 points
Filling out surveys (providing feedback/how often you do):+10 points Purchase of book/accessories:+10 points
Participation in other services (consulting, advising, investing, budgeting, tax preparation, how tos of real estate, wellness checks, social services):+40 points
Following Up (keeping the line of communication open, calling to inform/ make aware or returning calls for reasons of anything- stage in life, finances, needs or goals:+25 points
Frequency of services utilized (every time/often, sometimes, rarely): +20,+10,+5
Credit Score Scale
Frequency of Credit Scores Change: Credit Scores are measured monthly for each
client
100 – 150 = okay
200 – 250 = good
250 – 300 = excellent