Credit problems in the United States are reaching epidemic proportions. 'There are the credit card bills, utility bills, car payments, house payments, etc. that all need to be paid every month. And in choosing how to make all these payments, it is all too common that some payments fall behind and subsequently damaging your good credit rating.
And when you add in all the credit problems that are the result of data entry and reporting errors, computer errors and outright fraud, the number of people who are affected by "bad" credit grows tremendously. In fact, if bad credit were a disease, it is such a large problem that it would be labeled as an epidemic. It is impossible to approach a group of people nowadays and not find someone with some credit problems. I would say that over 25% of all the people know they have some sort of a credit problem. And there are another 20% who are unaware that they have some sort of a credit problem.
Like many financial planning matters, it is very easy to believe that bad credit will not have an impact on your life. This is just not true. Bad credit, even a little bit, can make it difficult to impossible to get a credit card, new car, house, or even certain types of jobs. It can affect your life no matter who you are. Bad credit is not limited to the poor. Many wealthy people like doctors, lawyers, and corporate executives have bad credit. They are affected in numbers just as great as the rest of us more common people. And like many matters of finance, a little knowledge and work can do wonders. It can help you clean up a bad past and build a better future for yourself.
Will you too be able to get perfect credit? This information will definitely help you to improve your credit very quickly. It will also help you to make decisions that will strengthen your credit rating in the future. What this information cannot do is guarantee that you will get perfect credit. Some situations simply cannot be cleared up. What we can do is teach you how to improve your credit report as much as it can be cleaned up. It will then guide you through the process of rebuilding a strong credit rating even with bad credit items still on your credit report.
This information is organized as a step-by-step guide to repairing your credit report. It will teach you everything you need to know about credit and the credit repair process. It will guide you through the process of reading and analyzing your credit report. It will then teach you how to develop a strategy for repairing your credit, whatever the damage may be. It will then walk you though the entire credit repair process, complete with sample letters you can use to contact all the credit repair agencies and your creditors. And finally, it will teach you how to reestablish a good credit rating .
The best self defense for bad credit is simple fiscal prudence. If you live your financial life with some planning for unseen events, you will be much better able to handle problems than if you just spend your money as fast as or even faster than you earn it.
The next step is that you must follow a simple credit self defense strategy. This strategy involves periodically checking your credit reports and aggressively working on solving my and all credit problems you find. This process should be done at least once a year.
What You'll Find
This information supplies you with all the tools you need for your credit self defense plan, from getting your first loan or credit card all the way through reporting and rebuilding your credit after a disaster.
This book is divided into nine chapters devoted to describing this process to you. Briefly, I'd like to introduce the remaining chapters to you.
Chapter 2 - "Credit" is a discussion about credit; what it is, how to get it, and how to keep it.
Chapter 3 - "Credit Repair Companies" is a discussion about credit repair companies and how they operate.
Chapter 4 - "Credit Reporting and Credit Reporting Agencies" is a discussion of how credit entries are tracked. It discusses how information is gathered, what kind of information is gathered, what is done with this information, and how errors commonly creep into the system.
Chapter 5 - "Credit Reports" is an in-depth discussion of credit reports, how to get them and more importantly, how to read them.
Chapter 6 "Credit Protection Laws" is a description of your rights under the law. It discusses the rights you have under the law and how you can use them to your benefit.
Chapter 7 - "The Credit Repair Process" is the heart of the entire book. This chapter gives a step-by-step guide to analyzing and repairing your credit report.
Chapter 8 - "Credit Repair Strategies" is a compendium of examples on how you might handle various complex situations. It takes you through the entire credit repair process for several different credit problems.
Chapter 9 - "Building/Rebuilding Credit" provides information on building credit if you are just starting out. It also provides information on how to rebuild a solid credit rating even if you still have bad credit.