SARASOTA, FL - (NewMediaWire) - October 06, 2015 - Advanced Credit Technologies, Inc. (OTCQB: ACRT) has issued the following update on the company's business and information objectives going forward in 2015.
As we move closer to launching the TurnScor Pre-Paid card platform, we thought it might be insightful to share a little more detail about one of the specific tools in the "suite" of products that encompasses the TurnScor Card. One of the most beneficial attributes of the TurnScor Card is the "FREE" credit repair software our members will receive for being a subscriber. In our humble opinion, the "credit-builder" component is a natural complement to the first. Imagine the ability to remove negative, out-dated, and unverifiable information from your credit profile on the one hand, and begin simultaneously to build your credit profile on the other.
By using the TurnScor card as a method of electronic bill payments, we will take that information (think cell phone, utility bill, rent payments) and report those timely payments to one of the repositories after you have made 5 or 6 timely payments to a "specific" recurring vendor. At this point, you have begun to "build" a stronger credit profile. Usually those alternative trade accounts only report to "collection" agencies for failure to pay, said Julian Danisan of Capstone Data. Our members already pay these accounts on a monthly basis without ever getting the credit they deserve. The TurnScor Card is a way to manage your money, build your credit, and take your standard of living to the next level. A higher credit score is essential in virtually every financial transaction we incur.
The TurnScor Card is going to be a valuable part in helping the underbanked and unbanked portion of our communities get a foothold along with access to traditional forms of banking, said Chris Jackson of Advanced Credit Technologies, Inc. Our goal is to offer a financial solution to everybody, changing lives, one credit score at a time.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward- looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto.
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