The Secrets to Good Credit and Debt Reduction : A Consumer Self Help Guide [Paperback]

D. J. Williams (Author)

Book Description

Publication Date: June 11, 2001

This simple,easy to read book shares mortgage banker D.J. Williams formulas for securing or restoring good credit, getting out of debt and gives all the reasons why good credit and low debt is a must in today's society. With this remarkable consumer self-help guide, you'll learn:

The basics of understanding the system including how to read your credit report, scoring, and knowing your rights.

How to establish a good credit rating and restore a poor one.

Your rights when dealing with collection agencies and credit repair organizations.

Methods of getting out of debt and strategies for debt reduction.

How to survive the home loan process-stress free.

How to control your financial destiny in 15 easy-to-read chapters.

Good credit is a necessity rather than an option. Here you'll discover proven ways to achieve financial security and freedom. You can attain, maintain, and retain good credit. Buy an extra copy for someone you know who is just starting out, considering bankruptcy, or in bondage from too much debt.

Editorial Reviews

From the Publisher

We published this book because we feel access to credit is a good thing. Millions of Americans are denied apartments, homes,insurance and employment due to a low credit score or a poor credit rating. The Secrets to Good Credit and Debt Reduction will show the reader how to turn this around. The wise use of credit and low debt will take you a long way in this society. This book is simple, easy to read and will provide quick results.

From the Inside Flap

This consumer self-help guide is a result of many years of experience, education, and blessings. As you read it, consider it a journey of discovery toward your financial well being. Creating new habits is the key to accomplishing this goal. For thirteen years my career which was also my research, has been in real estate finance. I worked for regional banking institutions and national mortgage companies. I have a Bachelor of Science degree in education and a Master's of Business Administration. My mother and my grandparents were entrepreneurs, and I have always had a natural curiosity about how people relate to money. For as long as I can remember I have always wanted to be a teacher. Writing this book is a realization for me that teachers are not just in traditional classrooms. Teachers are everywhere. Several months after I started my career in real estate finance, it occured to me there was a tremendous need for financial and credit education, and if I was going to be successful, I had to be a good salesperson and a great teacher. I also realized the information I taught made a difference in the lives of people long after our business relationship had ended. Writing this book was a complete labor of love that gives me the opportunity to share vital knowledge to help you achieve your financial goals with ease. I know it is a cliche' but knowledge is power! I have been blessed with the opportunity to participate in the lives of many peoples in the quest to realize their dreams of homeownership. I have learned some valuable lessons. The most important one is that success and failure are relative. I have seen people emotionally devasted because they were denied the opportunity to purchase what they considered the only home for them. Later they discovered what they thought was a set back was an opportunity for growth and the acquisition of benefits that could last a lifetime. This is success!

I've encountered a wide variety of people and circumstances. I have hundreds of success stories. One story in particular that stays with me is of a woman in her forties who applied for a loan to purchase her first home. We established a friendship right away. She had some financial and credit problems that she did not realize would stop her from being able to borrow the money she needed to purchase the house. Before her loan package was submitted for a decision, we met and I pointed out the strengths and weakness of the loan package. I discussed with her what needed to be done and how to strengthen her weaknesses. We prayed for a miracle.

Her loan was denied. I called her at home with the bad news. She was not surprised. She said to me, "I know exactly what I need to do. You have shared information with me that I never knew. Don't worry. I'll be back." She did exactly what she said she was going to do. She reestablished a good credit rating, organized her finances, came back as an "A" customer, and borrowed the money she needed to purchase a home. Seven years later she called to make an appointment. Her property had appreciated significantly with the improvements she had made. She was selling it and buying another. With her excellent credit history, little debt, and money to make a nice down payment, she easily qualified. I was pleased to see her achieve her financial goals with ease. She said to me, "You taught me well, I feel free. I just wish I had learned the value of the wise use of credit earlier in my life."

Current lending practices and the kind of story you just read inspired me and ultimately led me to write this book. As you travel through this book, spend time at each section and understand the importance of your journey. Make stops that best suit your situation. If you have good credit, and too much debt, go directly to Part III Getting Out of Debt. If you have a bad credit history, stop off at chapter 8, Credit Problems Are Not Okay. Then go directly to Part II, Establishing a Good Ceredit Rating. If you have never had credit, pay particular attention to Chapter 9,How to Establish Credit. If you are thinking about purchasing a home go to Part IV, Credit and Purchasing a Home. Good luck! And remember good credit is not an option-it's a must!

See all Editorial Reviews

Product Details

• Paperback: 104 pages
• Publisher: Premier Educational Services (June 11, 2001)
• Language: English
• ISBN-10: 097030370X
• ISBN-13: 978-0970303707
• Product Dimensions: 8.7 x 6 x 0.4 inches
• Shipping Weight: 8 ounces
• Average Customer Review: 3.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #3,620,359 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

5.0 out of 5 stars Full of great tips and information!, November 23, 2001

By 

"ilovetofish" (St. Louis, MO) - See all my reviews

This review is from: The Secrets to Good Credit and Debt Reduction : A Consumer Self Help Guide (Paperback)

This book is full of great tips and ideas that helped me understand just what my credit report was saying. There were a few items on there that scared me because they weren't my debts. I followed the instructions in D.J.'s book and got it cleared up at all three credit bureaus within a few weeks. Just in time for us to get our home loan finally approved so we could buy our first home.

It's easy to read and to understand. None of that jargon and special code words that our loan officer used when we applied for our home loan. Definitely a good buy if you're having credit problems or need help with money management.

3 of 3 people found the following review helpful:

5.0 out of 5 stars Good Credit is Your Most Valuable Asset, March 27, 2003

By A Customer

This review is from: The Secrets to Good Credit and Debt Reduction : A Consumer Self Help Guide (Paperback)

In this day and age when every industry from banking to insurance to employers are looking at our credit reports, good credit is not an option it's a must. "The Secrets to Good Credit and Debt Reduction A Consumer Self Help Guide," is a practical self directed guide written in layman's terms to help you achieve good credit. With 15 easy-to-read chapters, you can pick up this book and start with any chapter. If you have good credit and too much debt go directly to the section" Get Out of Debt." Bad credit then set off for "How to Repair Your Credit." Problems with collection companies? Go to "Collection Agencies." Thinking about using a credit repair company" Go to "Credit Repair Companies." As a bonus the book contains sample letters for correspondence with credit bureaus, creditors and debt collectors. Expect to learn how credit and debt affects your choices and overall attitudes, why estalishing good credit is paramount and what new habits are key to accomplishing this goal.

1.0 out of 5 stars Very broad and basic review of how credit works, January 26, 2004

By A Customer

This review is from: The Secrets to Good Credit and Debt Reduction : A Consumer Self Help Guide (Paperback)

Provides very little detail. Overly simplistic.