Here is the executive summary of this fantastic book:
Collecting Money is about people’s ability to relate to other people.
Collection industry Guru, John Woodworth of The Express Group talks about his best selling collection hand-book “The cheque’s in the post”. The book is a must have for any person or business that needs to collect money.
101 Powerful Tips for Legally Improving Your Credit Score.
Do you make these common credit mistakes?
Did you know that often just one phone call to the right company can save you from getting a knock on your credit? (I’ll tell you who on page 33) Further knocking down your rating…
…And decreasing the chances that any lender will trust you anytime soon. If it means the difference between getting the loan and not, that one phone call could mean getting your new car (to replace the old one that might break down on you at any time).
One thing I know about people who are in financial trouble, is they are often victimized by people looking to make a buck. Now listen to me good. There are places who really will help you dig yourself out of the hole and repair your credit rating. (I tell you were on pages 22 & 23)
But there are some businesses out to exploit you. You’ve probably seen their shops located around town. And still other places hide behind the fact that they’re a “credit repair agency”. Don’t be suckered!
When you read my guide I’ll let you in on the real world tactics of businesses who are trying to take advantage of vulnerable people… and organizations who really are there to help you.
In 50 pages, I take you on a guided tour through the credit industry. So that you know exactly why your credit rating may be low. Exactly how to begin repairing it starting today. All in order for you to reclaim trust from creditors, lenders, and renters who are only looking at a number.
Financial advisors can charge hundreds of dollars for their consultations. And I know my stuff. But here’s the deal. Since I’ve already written all this information up… It’s all in one convenient spot.
Within my 50 page guide, “101 Legitimate Tips For Boosting Your Credit Score,” I’ll teach you exactly how the credit bureau’s do their business. I’ll teach you how to regain their trust step by step, and even show you a few simple tricks for being financially responsible.
You can download my guide straight to your computer in minutes. Once you do, the tips and tricks inside will blow your mind…
…here is just SOME of the information you will find inside:
What’s a good credit score? And at what score should I start to be worried. (Page 4)
Even if you pay all your bills on time, you may still have marks against your credit. See why here. (Pages 4-5)
3 top credit agencies and how to keep tabs on them. (Page 5)
4 ways the credit bureau’s look at your lending history - and how important each view is. (Pages 6-7)
3 ways to boost your credit score (and it’s not just paying your bills). (Pages 7-8)
10 steps to protecting your identity from thieves who may destroy your credit on their joyride across the country. (Page 9)
4 steps to take right away if you think you’ve been a victim of identity theft. It may not be too late. (Pages 11-12)
5 common credit mistakes you may commit if you don’t know about them in advance. (Pages 12-14)
How not having any debts may actually hurt your credit score. (Page 14)
How to dispute bad marks on your credit report. (Page 15)
After you contact the credit bureau about an error in your credit report, make sure you contact these people next. (Page 16)
The truth about “free credit reports” online. (Page 17)
3 ways to start building up trust after a major credit disaster. (Pages 17-18)
When to consider declaring bankruptcy. (Page 21)
5 organizations that can help you when you’re in over your head. (Pages 22-23)
When you should fear credit repair companies. (Pages 23)
6 common scams some credit repair companies try and pull. (Pages 24-25)
How to use your bank as an ally in your fight against bad credit. (Page 25)
5 ways to curb your spending habit. (Page 27)
How to automatically cut down on your spending without beating yourself up. (Page 28)
6 ideas for adding extra dollars to your monthly income. (Page 29)
4 steps to preparing ahead of time for financial emergencies. (Pages 29-30)
The secret to changing the way you think about money. (Page 31)
7 most common reasons why credit scores are lowered. (Pages 31-32)
3 reasons why change in your life is not always a good thing. (Pages 32-33)
How a simple phone call may help out your credit. (Pages 33-34)
When a “late fee” is easily waived. (Page 34)
The secret to setting short-term goals to repair your credit yourself. (Page 35)
When seemingly small differences in credit scores can have a huge impact on the interest you pay. (Page 36)
How to set your finances on autopilot. (Pages 36-37)
When refinancing is the best option. (Page 37)
What you should always know before talking to a lender. (Page 38)
How to encourage a potential lender to look at you instead of your credit rating. (Page 38)
How to make paying your bills easier on yourself. (Pages 39-40)
How you can take advantage of being a student while trying to repair your credit. (Page 41)
The secret to handling student loans (and when you may be able to award yourself a six month grace period on paying your bills). (Pages 42-43)
When to take out a loan to repay your debts. (Page 44)
Which “cash advance” agencies to stay away from (or you risk destroying your credit). (Page 45)
6 ways to handle the stress of being in debt. (Pages 46-48)
And there’s MUCH more - guaranteed!
It’s Not Too Late To Build A Credit Rating You Can Be Proud Of!
It’s hard to know where to begin this section. Perhaps with the most organized high-profile scam out there. Translate that “credit repair companies.” The only bigger scam than investing in property from Castle Grande in Arkansas would have to be credit repair companies.
Credit repair companies are businesses that charge exorbitant amounts of money to “clean up” a consumer’s credit record. Most charge fees ranging from $50 to as much as $2000. These companies claim they can erase bad credit and even make bankruptcies disappear from a credit record. Despite their claims, they cannot do anything you can’t do yourself for little or no cost under the terms of the FCRA. As we said before, that law gives you the right to have inaccurate or out-dated information deleted from your credit records as well as the right to have inaccuracies corrected. The FCRA says that most negative information in your credit record is legally reportable for up to ten years, although most credit bureaus voluntarily drop it after 7. Credit reporting companies do not have the authority to change the law for their clients.
These companies usually advertise impossible extravagant promises such as:
Wipe out bankruptcies and other negative information, no matter what your credit history is.
Little-known loopholes in the FCRA to rid your credit record of negative information.
They are affiliated with the federal government.
File segregation, a technique used to create a new, problem free credit identity. This is flat out illegal. It is a federal crime to make false statement on a credit or loan application. It is also a federal crime to misrepresent your Social Security Number (SSN) and to obtain an employer identification number (FEIN) from the IRS under false pretenses.
Also if you use the mail or telephone to apply for credit and provide false information, you put yourself at risk of being accused of mail or wire fraud. In addition, in certain states ”file segregation” might constitute civil fraud.
The Use of Loopholes
The FCRA includes a section called “Procedure in Case of Disputed Accuracy.” Credit repair scams abuse the provision of the FCRA by inundating credit reporting agencies with numerous and repeated requests to delete negative information in a consumer’s record. The strategy is to overwhelm a reporting agency with so many requests that it cannot possibly verify all of them within a “reasonable period of time” hoping they will have to delete the info it was unable to verify. The credit reporting companies are now very wise to this tactic and exercise their right under the FCRA to dismiss the claims as frivolous.
Quick Fix Methods
Another popular scam used by these con artists is to create a new problem free credit identity for you. Their tactic here is to trick the credit bureau’s computer by the method of file segregation or skin shedding. This is usually done by the illegal process of getting a new FEIN from the IRS and using it rather than their SSN whenever they apply for credit.
Another quick fix technique is to send a check for partial payment of an account and to write on the check that in cashing it the creditor agrees to cease all collection activity and delete negative information related to the account from the consumer’s credit file. However creditors are not obligated to honor such terms of payment.
Quick fix repair methods are not recommended first and foremost because they are morally questionable and in some cases they are also illegal.
Closing Thoughts
In conclusion, let me say that a good credit report is worth all of the work aggravation and diligence that is required to get it and maintain it. It can help open doors of employment, aid in acquiring insurance, come through in times of economic hardship and generally make life a lot more pleasant. Used with intelligent and responsibility it can even reflect on the image of a person that personifies respectability, a deserved respectability. Don’t sell it or yourself short by being tempted by any of the sirens of quick fix. They will only lead to the sharp rocks of disappointment.
