Beware of the Credit Expert!

By Daniel Sater, Nationally Recognized Credit Expert and owner of Credit Scoring Advisor

dan@CreditScoringAdvisor.com 631-392-8685

You Need to Know What You Are Getting.

I’ve been in the finance and credit industry since 1997. I have seen all types of people, of companies, and of claims of being the best – that they ARE the EXPERT!

On the surface it is hard to imagine that everyone that claims to be an expert, is an Expert. It’s a little like every supermarket selling Prime Beef when in fact only 5% of all beef sold is actually PRIME! It is important what qualifications are needed to be an expert and what benefits you can expect from someone being an expert. Few experts really have the credentials to truly be what most people would call an expert. There are some guidelines you can use to be reasonably certain that you are dealing with people who have the knowledge, talent and dedication to do the best for you.

What Is the Definition of an Expert?

I have a simple definition of an Expert. An Expert is...someone who knows more than you do about a topic! It is really very simple. If someone knows more than you, and knows the buzz words in the industry, and have a gift of gab, most people will regard them as an expert, even if what they say is wrong! You have no way of telling the difference.

Here are 10 Things You Need to Ask to Determine if You Are Dealing with a True Expert.

1)      What exact training or course of study have they taken?

2)      Do they have a continuous education program?

3)      Do they have a permanent office and address that they work out of?

4)      Do they do their own processing and custom letter writing or do they use a service that does this for them?

5)      How long have they been in business? Are they doing this full time?

6)      What proof of results do they have to show you? (Testimonials and actual results documents.) It is easy to get letters of praise from former clients; do they have letters of recommendations from people in their industry also?

7)      Do they belong to an Industry Trade Association?

8)      Are they recognized for anything in their industry?

9)      In talking with them, do you see an excitement, a passion, and pride for the work they do?

10)  Have they published a book on the topic or had articles written about them or quoting them?

Asking these questions should serve you well. If you ask technical question and feel uneasy about the answers or how they answered maybe it would be best to research other companies.

A true expert will be easy to look up on Google, Facebook and other social media.