QualityStocks would like to highlight Advanced Credit Technologies, Inc. (
OTCBB: ACRT). The company has launched a new software platform that enables the average American to raise their personal credit scores from the privacy of their home or office. Utilizing state of the art technology, the company has developed TURNSCOR, a user friendly software, combined with a few basic steps, to educate the general public on how to easily remove negative, outdated, inaccurate, or incorrect items from their credit profiles.
In the company’s news,
Advanced Credit Technologies announced that it has entered into a licensing agreement with Best Realty and Spring Side Realty, located in the Twin Cities suburbs of Golden Valley and Stillwater, respectively. Both locates are slated to provide TurnScor credit management software to their customers, building a pipeline of future sales within their geographic areas.
According to the National Association of Independent Real Estate Brokers (NAIREB), more than 100,000 independent Real Estate Brokers and Agents exist across the country, presenting a sizable opportunity as it relates to the retail and wholesale verticals.
Because the economy and job opportunities are not rebounding as well as expected, the credit market remains tight. As a result, potential homeowners now must have a “mid-score” at 640 to qualify for traditional lending. This means that there are millions of Americans who want to purchase a new or existing home are being impeded by a sub-par credit score.
Based on initial launch reports, Advanced Credit Technologies estimates that a 1% market share is feasible and attainable as the company expands and utilizes awareness and marketing efforts in the near future. The company also states that nine out of ten Real Estate offices currently don’t have a credit management solution in house for their geographic area. The cost effectiveness and efficiency provided by ACRT’s TurnScor software creates a mutual benefit for consumers and Realtors alike.
Chris Jackson, CEO of Advanced Credit Technologies, said, “TurnScor as a “value added service” will undoubtedly bring in additional referrals and build “brand loyalty” to each of these Real Estate offices as well as our product. By simply adding our software into their existing sales and marketing budget for $395.00 per month it is very easy for the Broker to get on board with this forward thinking software. They get unlimited use of our credit repair platform and allowing the customer to use a life changing credit management software program with a retail value $399.00 for no charge since it is absorbed at the broker level. This is a great way to separate a Real Estate Office from its competitors.”
J.R. Venegas, a Broker for Best Realty, added, “TurnScor not only gives us a competitive advantage, but it also is a great recruiting tool for other agents to join our company. We like having an easy to use product (TurnScor) to compete with the larger companies with greater marketing and visibility. It’s RESPA compliant and easy to use.”
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