Most helpful positive review
126 of 128 people found the following review helpful
Excellent Book (but needs updating)
on August 25, 2000
DFC is completely off base with his review. You need a book like "guerilla credit" exactly because of people like DFC (a banker - little wonder) who believes that everyone with bad credit is a loser who simply needs to pay his/her bills. Well, I have news for you DFC, this book is extremely helpful for those of us who are the victims of credit reporting agencies who couldn't care less about the accuracy of the information they are reporting.
I am one of the many people who, at 30 years old, had never requested copies of my credit reports, and who thought I had perfect credit prior to inexplicably being turned down for a loan. Much to my horror, I found out that there were more than 40 errors in my credit reports. Dozens of accounts that had been closed for many years were still reflecting as open, students loans erroneously reflecting defaults, credit card accounts erroneously reflecting 30 and 60 day late payments. All false information. Using Todd's book, ALL of this false information has now been removed from my reports. Moreover, this book will teach you how to get results when the reporting agencies play their little games of "verifying" erroneous information. I can't tell you how many times my reports came back with "information verified" even though I had enclosed written documentation that the information being reported was not correct (it really is unbelievable isn't it!) Berman explained how to be persistent, get aggressive, and fight these unethical reporting companies and their shoddy work practices.
Even if you legitimately have creditors knocking on your door, this book will give you some very helpful advise as to negotiating a partial payment in return for a promise not to report the negative information to a credit bureau (DFC doesn't want you to know that). And the book will also tell you how you MAY be able to get some accurate (but old) information removed from your report.
Finally, the credit reporting agencies try very hard to make your report as cryptic as possible in an effort to prevent you from understanding exactly what they are reporting about you. Todd's book shows you how to read your report - a very important first step. However, I must add that because the book is now 6 years old, and because the agencies keep changing the form of their reports (gee, I wonder why?), this is the book's biggest downfall right now (and the ONLY reason I didn't give it 5 stars). PLEASE Todd if you're reading this, revise your book and publish a new edition!
Notwithstanding this one downfall, I still HIGHLY recommend this book.