SECTION "1"
TRUE STORY OF HOW CREDIT WAS USED TO GREAT ADVANTAGE
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(INTRO)
WHY YOU NEED CREDIT
LEVERAGECREDIT MAKES EVERYTHING EASIER
EVERYTHING RUNS ON CREDIT
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BUY NOW, PAY LATER
CREDIT MAKES SENSE
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PRODUCTIVE SPENDING
NON-PRODUC'ITVE SPENDING
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BUILDING CREDIT
BUILDING YOUR EMPLOYMENT HISTORY
GO INTO BUSINESS FOR YOURSELF
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WHERE DO LENDERS GET THEIR CREDIT INFORMATION?
KEY POINTS
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SECTION "2"
EVALUATING YOUR CREDIT HISTORY
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ARE YOU PREPARED FOR CREDIT?
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YOUR CREDIT INDERITANCE
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RESPONSIBILITY
YOU'VE PROBABLY GOT MORE CREDIT EXPERIENCE THAN YOU REALIZE
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WHO WOULD HAVE GOOD THINGS TO SAY ABOUT YOU?
WHO WOULD HAVE BAD THINGS TO SAY ABOUT YOU
BUILDING YOUR PAPER PROFILE
POINTS TO REMEMBER.
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SECTION "3"
YOUR CREDIT POTENTIAL
ASSESSING YOUR CREDIT POTENTIAL
WHAT IS YOUR NET WORTH?
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LOOKING AT YOU FROM THE LENDER'S POINT OF VIEW
HOW SERIOUS A RISK WILL THE LENDER BE TAKING'
WHAT WILL THE LENDER GAIN BY DEALING WITH YOU?
WEAK BORROWERS PAY HIGHER INTEREST
WEAK BORROWERS GET LESS FAVORABLE TERMS
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HOW DO THESE LIMITS FIT YOUR PLANS?
WHY WORRY ABOUT YOUR CREDIT?
KEY POINTS TO REMEMBER
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SECTION "4"
BUILDING YOUR CREDIT NOW AND IN THE FUTURE
THE FIRST STEP IS THE HARDEST
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FINANCE COMPANIES AISO OFFER"EASY" CREDIT
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FINANCE COMPANIES LIVE OFF THE SPREAD
WHAT HAPPENS IF YOU MISS A PAYMENT?
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PASSBOOK LOANS
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RECYCLING MONEY
THE ROUND ROBIN LOAN
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INCREASING YOUR CREDIT LIMITS
PYIAMIDPOWER
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KEY POINTS
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SECTION"5"
CREDIT REPORTING BUREAUS
WHAT ARE CREDIT BUREAUS AND WHAT DO THEY DO?
WHAT INFORMATION DO CREDIT BUREAUS COLLECT AND REPORT
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GETTING A LOOK AT YOUR CREDIT
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REMOVING NEGATIVE INFORMATION FROM YOUR CREDIT FILE .
UNDOING THE DAMAGE ALREADY DONE
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THE FEDERAL TRADE COMMISSION (FTC)
GUILTY WITH AN EXPLANATION:
EXPLAINING NEGATIVE CREDIT
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REMOVING MISINFORMATION FROM YOUR CREDIT FILE
WORKING WITH PROFESSIONAL CREDIT COUNSELORS
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ENLISTING LEGAL HELP
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PERSONAL CHARACTER AND LIFESTYLE REPORTS
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SECRET INVESTIGATIONS
PUTTING POSITIVE INFO ON INTO YOUR CREDIT FILE
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SECTION "6"
ANALYZING YOUR CREDIT SCORE
HOW DO CREDIT BUREAUS AND CREDITORS RATE YOUR SCORE?
EACH ITEM IS GIVEN A POINT VALUE
STATISTICS MAKE IT EASY FOR CREDITORS TO DECIDE
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HOW ARE CREDIT RATING SYSTEMS DESIGNED
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WHAT CREDITORS LOOK
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KEY POINTS TO REMEMBER
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SECTION "7"
HOW TO SUCCESSFULLY APPLY FOR COMMERCIAL CREDIT
DEALING WITH "THE CREDIT APP"
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WHY DO YOU WANT CREDIT?
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WHAT IF YOU ARE TURNED DOWN FOR CREDIT?
19 REASONS WHY YOU CAN BE REFUSED CREDIT
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APPEALING WHEN YOU ARE TURNED DOWN FOR CREDIT
CO SIGNERS
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KEY POINTS TO REMEMBER
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SECTION "8"
GETTING CREDIT CARDS AND CONSUMER LOANS
HOW TO GET VISA, MASTERCARD AND OTHER
MAJOR CREDIT CARDS & SECURED CREDIT CARDS
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HOW TO GET SECURED CREDIT CARDS
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CONSUMER LOANS.
MORTGAGES
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MORTGAGE MONEY FOR INVESTMENT
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GOVERNMENT INSURED AND SUBSIDIZED MORTGAGE PROGRAMS
HUD& FHA LOAN PROGRAMS FOR HOME BUYERS
SPECIALIZED GOVERNMENT PROGRAMS FOR?
SPECIAL HOME BUYERS
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VA LOANS
HUD AND FMHA LOAN PROGRAMS FOR LOW INCOME HOME BUYERS
FMHA
SUBSIDIZED LOANS FOR FIRST-TIME HOME BUYERS
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HUD AND FMHA LOANS FOR WEAK BORROWERS
HUD AND FMHA PROGRAMS FOR INVESTORS
SPECIAL GOVERNMENT TAX INCENTIVES FOR INVESTORS
KEY POINTS TO REMEMBER
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SECTION "9"
DEALING WITH YOUR DEBT
WHAT CAN YOU DO ABOUT WHAT YOU OWE?
WHAT DOES THE LAW SAY
INCREASE YOUR INCOME
GET A SECOND JOB
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HOW WILL IT AFFECT YOUR LIFE?
TAKE IN ROOMMATES
SEND THE SPOUSE AND KIDS TO WORK
WORKING BUILDS CHARACTER
WILL IT REALLY HELP?
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YOUR EXPENSES GROW TO MATCH YOUR INCOME
THE OUT OF STATE CHECK & THE POST-DATED CHECK
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THE MUTLATED CHECK
TRICKS THAT CAN GET YOU INTO TROUBLE
TRY TALKING TO YOUR CREDITORS
APOLOGIZING
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A LOSER'S STRATEGY
WRITE A LETTER
EVERY SITUATION IS DIFEERENT
MAKE THE CREDITOR FEEL SECURE
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SAMPLE LETTER TO CREDITOR EXPLAINING OVERDUE BILL
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PAY AS YOU CAN
PROTEST THE DEBT
TAKE LEGAL ACTION OF YOUR OWN
JUST A POKER GAME
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AN ILLEGAL CONTRACT
PROVISIONS AGAINST PUBLIC POLICY
USURY
THE UNIFORM COMMERCIAL CODE
FAILURE TO PERFORM
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COERCION
UNDERAGE
MENTAL INCOMPETENCE
THE STATUTE OF LIMITATIONS
STAY OUT OF COURT UNLESS YOU'RE RIGHT
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BORROW YOUR WAY OUT OF TROUBLE
PUSH THE DAY OF RECKONING INTO THE FUTURE
REFINANCE SECURED LOAN
REFINANCE ANY REAL ESTATE YOU OWN
REFINANCE THE FIRST MORTGAGE.
SAY GOODBYE TO THE OLD, LOW INTEREST RATE
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ADD A SECOND MORTGAGE
BORROW FROM FRIENDS AND RELATIVES
FINANCE COMPANIES/HARD MONEY
DON'T FORGET INSURANCE POLICIES
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BORROW AGAINST ANYIHING OF VALUE THAT YOU OWN
SELL SOMEONE AN OPTION TO BUY YOUR PROPERTY
SELL SOME OF YOUR ASSETS
SELL ONLY WHAT YOU HAVE TO
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GET RELEASES FROM INSTALLMENT
PROTECTING YOURSELF AGAINST JUDGMENTS
GET MARRIED OR DIVORCED
HIDE YOUR MONEY
GET AN ADVANCE ON YOUR SALARY
FILE AN EXEMPTION CLAIM
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REFINANCE EVERY'HING SO YOU HAVE NO EQUITY LEFT
SETTLE OUT OF COURT
KEY POINTS TO REMEMBER
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SECTION "10"
WHO ARE YOUR CREDITORS?
WHO DO YOU OWE MONEY TO?
WHO IS BIGGEST, MEANEST AND MOST IMPATIENT?
THE IRS DECIDES TO MAKE TAXES A SERIOUS OBLIGATION
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A DISCOUNT FOR CASH
WHAT KINDS OF CREDITORS ARE THERE?
CREDITORS OUTSIDE THE LAW
YOU PAY WHAT YOU OWE AND A LOT MORE
ONE WAY OR THE OTHER
LOSE YOUR CREDIT RATING OR YOUR LEGS
THE CHOICE IS YOURS
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HOW Do THEY GET AWAY WITHIT?
TAXES
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JUDGMENTS
SHERIFF'S SALES
ALIMONY AND SUPPORT PAYMENTS
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HIDING YOUR ASSETS
PROVING HARDSHIP
SECURED DEBTS
DEBTS WHERE THE CREDITOR HOLDS ASSETS SECURITY
THE "PAWNSHOP LOAN"
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CONSUMER CREDIT LOANS
MORTGAGES AND TRUST DEEDS
NOTICE OF DEFAULT
PROPERTY TAXES
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UNSECURED DEBTS
BE CAREFUL IF YOU HAVE MANY ASSETS
YOU CAN LOSE EVERYTHING BECAUSE OF ONE UNPAID DEBT
UTLITY AND TELEPHONE BILLS
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RENT PAYMENTS
CREDIT CARD LOANS
A BLACK MARK ON YOUR RECORD
BANK CARDS
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PERSONAL LOAN
PERSONAL SERVICE DEBTS
BLACKLISTED
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STUDENT LOANS
NO MONEY, NO TRANSCRIPT'S
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KEYPOINISTOREMEMBER
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SECTION "11"
WHAT IF YOU DON'T PAY?
WHAT WILL YOUR CREDITORS Do WHEN THE BILLS ARE PAST DUE'
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COLLECTION AGENCIES
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THE FAIR DEBT COLLECTION PRACTICES ACT OF 1978
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WHY DO COLLECTION AGENCIES DO WHAT THEY DO?
KEY POINTS TO REMEMBER.
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SECTION "12"
LEGAL ACTION
THE CREDITOR RRERS YOUR DEBT TO A LAWYER
THE SUMMONS
THE DEFAULT JUDGMENT
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THE RULES OF PROPER SERVICE
THE JUDGMENT
GARNISHING WAGES AND BANK ACCOUNTS
THE WAGE AND GARNISMENT CLAUSE
THE SHERIFF'S SALE
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THE RIGHT' OF REDEMPTION
THE DEHCIENCY JUDGMENT
RESIDUAL JUDGMENTS
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THE ACCELERATION CLAUSE
THE ALIENATION CLAUSE
THE ADD-ON CLAUSE
THE BLANKET MORTGAGE
THE BALLOON PAYMENT
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VANISHING WITHOUT A TRACE
THE PAPER TRAIL
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HELL HAVE NO FURY LIKE A FRIEND, RELATIVE
OR NEIGHBOR SCORNED
ANYONE CAN SOUND OFFICIAL ON THE PHONE
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KEY POINTS TO REMEMBER
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SECTION "13"
BANKRUPTCY
DO YOU REALLY WANT TO DO IT?
THE DISADVANTAGES TO BANKRUPTCY
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DIFFERENT KINDS OF BANKRUPTCY
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HOW IMPORTANT WILL YOUR CREDIT BE IN THE FUTURE?
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ALIMONY AND CHILD SUPPORT ARE YOURS FOREVER
BANKRUPTCY IS NO REWARD FOR FRAUD
SORT THROUGH YOUR DEBTS
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INCREASING THE BENEFITS OF BANKRUPTCY
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IF YOU'RE GOING TO DO IT, DO IT QUICKLY
BANKRUPTCY MAY MAKE IT HARDER TO PAY OFF DEBTS
YOU CAN'T DISCHARGE
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REAFFIRMING DEBTS
KEY POINTS
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SECTION "14"
CLEARING UP BAD CREDIT
GET A COPY OF YOUR CREDIT RECORD
IGNORANCE IS NOT INNOCENCE
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CONTACT ANY UNPAID CREDITORS
SAMPLE LETTER TO UNPAID CREDITOR
CONTACT YOUR EX-CREDITORS
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SAMPLE LETTER TO EX-CREDITORS
GLEAN OUT ANY MISINFORMATION
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SAMPLE LETTER TO CREDIT REPORTING COMPANY
CONTACT THE SOURCE OF THE INFORMATION
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SAMPLE LETTER TO SOURCE OF MISINFORMATION
COVER LETTER TO EXPLAIN BAD CREDIT
BUILDING YOUR CASE
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SAMPLE COVER LETTER TO EXPLAIN BAD CREDIT
KEY POINTS
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SUMMARY
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