Credit Repair Guide: A Step-By-Step Plan To Repair Your Credit Score, Learn How To Repair, Fix & Improve Your Credit Score Quickly
1/5
()
About this ebook
Credit Repair Guide: A Step-By-Step Plan To Repair Your Credit Score, Learn How To Repair, Fix & Improve Your Credit Score Quickly
This book contains proven steps and strategies on how to preserve a good credit score or recover from getting a bad one. This not only lays down steps on how to get better credit scores, but explains how the system used by most credit rating companies work as well. In addition, it also tells you how to make loans work for you, and how to take better advantage of a good credit score.
Here Is A Preview Of What You'll Learn...
What Is Credit?
What Is A Good Credit Score?
Why Is Credit Important?
Repairing A Credit Score
How Errors Get Into A Report
Much, much more!
What Is Credit?
The word credit comes from the Latin word creditus, which means belief, trust, confidence, or the quality of being credible and trustworthy. In business lingo, it simply means trust in one’s integrity in money matters and one’s ability to make payments when these are due. Credit, as an accounting term, means entry in the credit or the right-hand side of a ledger. Debit, on the other hand,is an entry made on the left-hand side of a ledger, giving rise to an increase in an asset account or a decrease in a liability or net worth account.
Therefore, when a bank lends you money, it enters in its books of accounts, under your name, the amount involved on the credit side. At the same time, a debit entry of the same amount is made in the loans receivable account against your name. The amount under the loans receivable account will reducedevery time you pay back the bank in liquidation of the debt. Simply put, your account is debited for amounts received by the bank and credited for amounts given the borrower.
The individual accounts of borrowers are maintained by the bank in what are called subsidiary ledgers. There are as many subsidiary ledgers as there are borrowers. The monthly bank statements of borrowers are basically printouts of these ledgers.
How is credit established?
Good credit is often associated with a famous name. So one may say that genealogy or pedigree play a part in one’s credit. Of course, we cannot deny the weight that the Rockefellers and Fordsof the world do carry. But as will be pointed out later, if indeed names influence action towards granting of credit, they do not necessarily play a big part in business credit.
This book concentrates on credit that is established for financial transactions, specifically the use of financial means to acquire financial assets without the immediate use of one’s own money.
Presently, there are a number of companies that document the credit status of people and entities, notably FICO (Fair Isaac Corporation), Equifax, Experia and Transunion. These rating companies use various ways in calculating credit scores. Loan companies consult these scoresbefore lending their clients money, and the higher the score a client gets, the better his chances of getting credit. Think of this score as like the ones they gave us when we were still in school and being rated for stuff like tests, attendance and recitation.
Read more from Richard Carroll
How To Get Your Ex Back: A Step-By-Step Guide To Getting Your Ex Back Fast - Proven Strategies To Get Your Ex Back, Restore Your Relationship & Improve Your Love Life Rating: 3 out of 5 stars3/5Positive Affirmations: Boost Self-Confidence, Stop Anxiety & Insecurity, Find Life Purpose & Get More Friends Rating: 0 out of 5 stars0 ratingsMorning Routine: Boost Self-Discipline, Build Morning Habits, Find Life Purpose & Live a Stress-Free Life Rating: 0 out of 5 stars0 ratingsHow To Make Money Online: Quit Your Job And Be Your Own Boss: A Step-by-Step Guide To Making Money From Home Rating: 4 out of 5 stars4/5Self-Confidence Solution: Develop Self-Esteem, Ged Rid of Depression & Negative Thoughts, Find Your Mission & Feel The True Freedom Rating: 0 out of 5 stars0 ratingsMaster Your Emotions: Build Self-Confidence, Beat Fear & Insecurity, Develop Powerful Habits & Become a Better You Rating: 0 out of 5 stars0 ratingsSelf-Discipline For Beginners: Build Self-Esteem, Eliminate Worrying & Negative Thoughts, Hack Your Mind & Attract Happiness Rating: 0 out of 5 stars0 ratingsDeclutter Your Mind: Build Self-Control, Eliminate Anxiety & Insecurity, Be More Productive & Enjoy Your Life Rating: 0 out of 5 stars0 ratingsHow to Use Fear: Build Self-Discipline, Eliminate Fear & Negative Thoughts, Improve Body Language & Live Your Dreams Rating: 0 out of 5 stars0 ratingsHabits To Build a Better You: Increase Self-Confidence, Defeat Depression & Self Doubt, Build Good Habits & Become a Better You Rating: 0 out of 5 stars0 ratingsFind Your Inner Strength: Build Self-Confidence, Stop Depression & Insecurity, Stay Motivated & Get More Friends Rating: 0 out of 5 stars0 ratingsProductivity: Master Self-Esteem, Stop Procrastination, Boost Productivity & Become a Stronger Person Rating: 0 out of 5 stars0 ratingsEmotional Intelligence: Build Self-Confidence, Beat Insecurity, Improve Emotional Intelligence & Become a Stronger Person Rating: 0 out of 5 stars0 ratingsDaily Self-Discipline: Increase Self-Discipline, Stop Fear & Stress, Hack Your Mind & Influence People Rating: 0 out of 5 stars0 ratingsHow to Be Extraordinary: Boost Self-Control, Stop Depression & Insecurity, Be Charismatic & Attract Happiness Rating: 0 out of 5 stars0 ratings
Related to Credit Repair Guide
Related ebooks
Credit Secrets Book Rating: 0 out of 5 stars0 ratingsRepair Your Credit and Knock Out Your Debt Rating: 5 out of 5 stars5/5Credit Mysteries, What You Don't Know About Your Credit Can Hurt You Rating: 0 out of 5 stars0 ratingsCredit Master Rating: 0 out of 5 stars0 ratingsSaving Money Tips: Best Ways to Save Money and Get Rich (How to Save Money Fast) Rating: 0 out of 5 stars0 ratingsPersonal Loans Made Easy, how to borrow money and avoid being blacklisted. Rating: 0 out of 5 stars0 ratingsCredit Write Up Rating: 5 out of 5 stars5/5On Home Buying And Credit Repair What You Need To Know Rating: 2 out of 5 stars2/5Release Your Bad Credit Now: The Professional Do It Yourself Guide For Improving Your Credit Rating: 0 out of 5 stars0 ratingsFinance: Financial Blueprint To Success: Money Management, Budgeting, Investing & Planning For Retirement Rating: 4 out of 5 stars4/5How to Get a Business Loan for Commercial Real Estate: 2012 Edition Rating: 0 out of 5 stars0 ratingsBusiness Loans Are Easy. . .If You Know the Secrets: If You Know the Secrets Rating: 0 out of 5 stars0 ratingsCredit Repair Guide: How to Fix Credit Score and Remove Negatives From Credit Report Rating: 5 out of 5 stars5/5MMG Guide to Banking Basics for College Students Rating: 0 out of 5 stars0 ratingsHow to Raise All the Money You Need for Any Business: 101 Quick Ways to Acquire Money for Any Business Project in 30 Days or Less Rating: 0 out of 5 stars0 ratingsHow to Negotiate and Settle Your Debts While Restoring Your Credit...: So Don't Get Bummed out over Your Debt! Rating: 0 out of 5 stars0 ratingsSEXY CREDIT Rating: 4 out of 5 stars4/5Write Book: Get Published! Rating: 0 out of 5 stars0 ratingsHigh Credit Score Secrets: Boost Your Credit Score. Repair Guide to Excellent Credit and Overcome your Credit Card Debt Forever Rating: 0 out of 5 stars0 ratingsEarning Six Figures in Corporate America Without a Degree Rating: 0 out of 5 stars0 ratingsDebt Freedom: A Realistic Guide On How To Eliminate Debt, Including Credit Card Debt Forever Rating: 3 out of 5 stars3/5The Military Credit Blueprint: The Step-By-Step Guide for Military Credit Repair Rating: 0 out of 5 stars0 ratingsCredit Score Power: A View into the Misunderstood Rules of Credit and What Makes for the Best Scores Rating: 5 out of 5 stars5/5Credit Booster: Helping You Enhance Your Credit & Manage Your Debt Rating: 5 out of 5 stars5/5The C.A.S.H. Formula: A Successful Path to Achieving Wealth Rating: 4 out of 5 stars4/5
Personal Finance For You
The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Rich Dad Poor Dad Rating: 5 out of 5 stars5/5Personal Finance For Dummies Rating: 4 out of 5 stars4/5The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime Rating: 5 out of 5 stars5/5The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness Rating: 4 out of 5 stars4/5Investing For Dummies Rating: 4 out of 5 stars4/5Summary of The 48 Laws of Power by Robert Greene Rating: 4 out of 5 stars4/5The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5Legal Loopholes: Credit Repair Tactics Exposed Rating: 4 out of 5 stars4/5The Black Girl's Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams Rating: 5 out of 5 stars5/5Rich Dad's Cashflow Quadrant Rating: 4 out of 5 stars4/5A Happy Pocket Full of Money, Expanded Study Edition: Infinite Wealth and Abundance in the Here and Now Rating: 5 out of 5 stars5/5Die With Zero: Getting All You Can from Your Money and Your Life Rating: 4 out of 5 stars4/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started Rating: 5 out of 5 stars5/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5Money Hacks: 275+ Ways to Decrease Spending, Increase Savings, and Make Your Money Work for You! Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Summary of R. Nelson Nash's Becoming Your Own Banker Rating: 0 out of 5 stars0 ratingsSummary of I Will Teach You To Be Rich: by Ramit Sethi | Includes Analysis Rating: 4 out of 5 stars4/5Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life Rating: 4 out of 5 stars4/5MONEY Master the Game: 7 Simple Steps to Financial Freedom Rating: 4 out of 5 stars4/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5
Reviews for Credit Repair Guide
4 ratings0 reviews
Book preview
Credit Repair Guide - Richard Carroll
rԥ>nǥPDiHµnj[:8`#*=rZ;91awxTAEN1{)FG"()ε{劸~xOVǭ]p6c.]pEHz ڠt/ kivF]u5:BOe0t80qL9yg-`mrKKA 2=S1)*jC3b`=5Xw;Dm&uTv]G`O?vS%SaEΑ7FgD9 ~%9f8|)yw7R~Z3-(R@,ƽ= ?