Certified Credit Report Reviewer - CCRR®
The ICFE's Certified Credit Report Reviewer - 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 and credit scoring plus how to
maintain a good report and keep a 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
revised and updated as of May 2015.
Certified Credit Report Reviewer - CCRR® 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's command financial
specialists, 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,
ICFE Certified Credit Report Reviewers - CCRR® will learn Fair
Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transaction
Act (FACTA). They will learn how to read and understand their own credit
reports and those of others. They also will learn 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
CCRR® training is about credit scores; maintaining them or
increasing them, which often results in lower credit costs. More
Americans are 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. ICFE CCRRs® 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 from
What are the ICFE's Certified Credit Report Reviewer -
CCRR® course learning goals and objectives?
- Be familiar with the principal laws defining credit reporting.
- Identify methods of access to credit reports, free and
- Learn common credit terms and define key credit differences.
- Locate and verify information in credit reports.
- Review a credit report for mistakes and missing information.
- Identify methods for credit file correction of mistakes and missing
- How to report inaccurate information on a report to CRAs.
- List the components of a credit score.
- Recognize the impact of consumer behavior on credit scores.
- Identify methods consumers can use to improve their credit
- Recognize privacy laws and their impact on credit lenders and
- Identify potential identity theft using a credit report and
information provided in a credit application.
- Review the Consumer Financial Protection Bureau and the Federal
Trade Commission resources for consumers.
- Communicate key components of credit reports to consumers.
- How to use the legal system to effect changes on a credit
Who Is Enrolling In This Valuable CCRR® Certification Program
and earning CE's?
to view a partial list of companies represented by current
- CFP, CLU-ChFC, RFC, CPA, Notaries, Credit and Debt Counselors
- Bank, Credit Union & Student Lenders
- Military Personal Finance Counselors
- 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!
Why Become a Certified Credit Report Reviewer –
Here are some of the reasons why people are getting ICFE certified
- 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 public.
- Demonstrate your professional qualifications.
- Enhance your experience in the field and promote your professional
- Learn critical elements of the FCRA and FACTA Laws.
- Stay current with the FCRA/FACTA law and other financial education
- Fulfill continuing education (CE) and PACE requirements.
- The ICFE Certified Credit Report Reviewer is endorsed by the
International Association of Registered Financial Consultants
and it awards IARFC members 5 CEs.
- CCRR has been approved by the International Association of Privacy
Professionals (IAPP) for up to 20 group B, professional development, credits.
- American Association of Family & Consumer Sciences (AAFCS) awards
its members 10 PDUs
- National Assn. of Certified Credit Counselors (NACCC) awards its
members 8 CEs.
- Association For Financial Counseling And Planning Education
(AFCPE.org) 10 CEs.
- Listing in the
ICFE Directory of Certificants
About reviewing credit reports
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 credit reports.
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
Learn critical points of the FCRA and the FACTA. The complete text is
included in the CCRR® Independent 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 CE's 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 CCRR® training? If you said yes, please
The entire ICFE CCRR® 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
Here is what's included in the ICFE CCRR® enrollment
- ICFE CCRR® Independent Study Guide - FCRA/FACTA
- View the CCRR®
Table of Contents
- ICFE CCRR® 100 Question Examination/Answer Sheet -
- One ea ICFE Do-It-Yourself Credit File Correction Guide on a CD
- PLUS Sample letters and freeze letters from the Credit File
Correction Guide also on the CD
- ICFE Certificate with ICFE Seal "Certified Credit Report Reviewer -
- Benefit: Earn a listing in the ICFE's online International Directory
- Receive ICFE eNEWS and regular email updates for CCRR®
Enrollment in ICFE CCRR® Program - $375.00
Look! Multiple Enrollment Savings of $25 each. (2 or more enrollments at
Independent Study Guide
ICFE Credit File
ICFE CCRR Certificate
About the Credit Report Review Service
As an ICFE Certified Credit Report Reviewer - CCRR® 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
A husband and wife are considered separate clients because there are no
joint credit reports.
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 the ICFE's Do-It-Yourself 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
Credit File Correction Guide
, is $20 and your cost is $12 or below,
subject to quantity. The suggested fee is $50-$75 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 $75-$150 including
the ICFE Do-It-Yourself Credit File Correction Guide.
What is my next step? Immediately order your own credit
In about a week, you will receive your ICFE Certified Credit Report
Reviewer - CCRR® Independent Study Guide (ISG) and the
CCRR® ISG Examination and the ICFE's Do-It-Yourself Credit File
Correction Guide. Complete the course of study 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: firstname.lastname@example.org to get your grade, CE
confirmation and your personalized CCRR® Certificate with the gold
CCRR® seal thereon.