Credit Secrets: How To Erase Bad Credit (Paperback)

by Bob Hammond (Author) "During the 1980s the credit-reporting industry expanded exponentially..." (more)
Key Phrases: credit service organization, new credit file, coming cashless society, Social Security, Federal Trade Commission, Trans Union (more...)

Editorial Reviews

Product Description
This expanded Credit Secrets will save you thousands of dollars in fees, finance charges and interest payments as you learn the very latest techniques to get rid of debt once and for all and establish good credit. Discover proven tricks used by lawyers, credit counselors and other pros who charge handsomely for their services.

Product Details

• Paperback: 136 pages
• Publisher: Paladin Press (November 1997)
• Language: English
• ISBN-10: 0873645294
• ISBN-13: 978-0873645294
• Product Dimensions: 8.6 x 5.5 x 0.3 inches
• Shipping Weight: 4 ounces (View shipping rates and policies)
• Average Customer Review: 1.5 out of 5 stars See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #830,744 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

43 of 44 people found the following review helpful:

3.0 out of 5 stars Informative reading., September 7, 1999

By A Customer

This book has good information for those with minor credit problems. It also has info on file segregration, which is only useful if credit applications do not ask if you had previous credit problems. Disappointingly, for anyone who has a bankruptcy, this book does not provide information on how to re-establish your credit with what I consider to be 'straightforward' means.

30 of 30 people found the following review helpful:

1.0 out of 5 stars This is a crock AND it's illegal., April 17, 2001

By A Customer

He touts something called "file segregation". He also claims it's legal.

It is ILLEGAL...do an Internet search for "ftc.gov" and "file segregation" for more details. It involves getting another social security number (actually it's an EIN--employer ID number that's used for business purposes--but you're asked to use it as an SSN).

Don't waste your money on this...there is no quick-fix for credit problems. There are much better books out there that show you how to rebuild your credit legally.

3 of 3 people found the following review helpful:

1.0 out of 5 stars Illegal practices, January 17, 2005

By	Jason - See all my reviews

Hiding Bad Credit Is Illegal.
Some credit repair schemes promise you that they can "hide" bad credit by helping you to establish a new credit identity. If you pay a fee for such a service, the company may direct you to apply for an Employer Identification Number (EIN) from the Internal Revenue Service, and to use the EIN in place of your social security number when you apply for credit. You may also be instructed to use a new mailing address. This practice, known as file segregation, is a federal crime.