credit secrets book review

credit secrets book review

Credit Secrets Book Review

1. Introduction

Part one addresses the truth about credit in great detail: Chapter 1 will show you how the author went from having less than perfect credit to having a near-perfect FICO score. This includes the steps he took to get there. Chapter 2 is the core of the credit secrets. Here the author reveals information found on credit reports and how credit scoring really works. (This chapter alone is worth more than most top-priced credit seminars. If you can understand and apply these techniques, you will save thousands of dollars in loan repayments.)

Credit is usually not taught in the most positive light. With the recent subprime mortgage crisis and high unemployment rates, it’s no wonder. But what many people fail to understand is that credit can be a means of prosperity and financial security. This is why it’s important to know the truth about credit reports and credit scoring and how credit really works. It is hard to deny that credit is a necessity at some point in everyone’s life, even if it’s to avoid dipping into funds meant for retirement. With the saying, “it takes money to make money” and the recent changes in lending requirements, it’s rather difficult to start a business or even make an investment. A good credit score can make these tasks significantly less complicated. Credit Secrets Book Review is a must-read for anyone wishing to obtain a solid understanding of the subject of credit.

If you’re looking for a Credit Secrets Book Review that you can use for personal or professional means, then please look no further. I’ve written credit secrets based on the facts and my opinion. I have turned it into a three-part Credit Secrets Bible that includes the truth about credit repair, ways to save money and make a solid budget, as well as tips to obtain a loan.

2. Overview of Credit Secrets Book

Credit Secrets Book is a book authored by Scott and Alison Hilton. The book’s main aim is to enlighten the readers on the credit aspect of life. The book contains comprehensive information on credit aspects to assist those seeking to repair credit and even those seeking to know more about credit for future use. Credit Secrets Book can educate its readers on numerous topics. From explaining credit to tips on purchasing a home, the Credit Secrets Book will be the useful tool it claims to be for those with bad credit. Step by step instructions on what to do, how to do it, and when, while providing examples of documents used in the credit repair process. This will be particularly useful for those with bad credit and debt. The book’s tools can be equally effective if used whether you use the Credit Doctor Software or a manual method of dispute and validation letters. The book contains various methods for individuals to repair their bad credit. Discussing credit reports, debts, credit cards, collection agencies, and much more throughout the 9 comprehensive chapters. In addition to the credit repair information, the book contains information on assessing your credit and debt situation, maintaining credit, and staying out of debt in the credit-savvy chapters. Credit Secrets: The Complete Credit Repair Kit will provide the most comprehensive credit repair information available to date.

3. Key Insights and Strategies

White explains the factors that affect a credit score and this is a great tool for prioritizing what needs to be tackled first. She provides a pie chart which gives a clear percentage of how each factor affects your score. Your payment history has the greatest effect at 35% and White explains how one missed payment can drop your score significantly. The chart also shows how inquiries have a minimal effect. I found this to be a very helpful tool because many people feel that inquiries have a very negative impact. Knowing where to concentrate your efforts will ultimately save time and improve results.

This is by far the strongest section of the book. Martha White provides great advice on how to build, improve and protect your credit score. She stresses the importance of having realistic expectations and taking things one step at a time. White also explains the presence of credit myths and how they lead to making poor financial decisions. This is an important concept to understand because many people do not even realize the financial trouble they are getting themselves into. Understanding that a person’s score will not change overnight is another key point that White emphasizes. A credit score is merely a reflection of how a person deals with credit over a period of time. Knowing this will take the pressure off of those who expect immediate results.

4. Pros and Cons

There are a lot of things in this book that are beneficial. However, there are also mixed in emotions in some, and some things are just flat out wrong. Let’s start with the good. The book does a great job of educating the reader on laws, insider tips, and effective techniques. This is credit education 101, and for a book swarmed with mundane tips this can be a breath of fresh air. I think the best part about this method is the fact that most people do not know or have ignored a lot of these laws and tricks. I found that there were many points in the book that I did not know before and will definitely use to me or my clients’ advantage. Another positive was the storytelling. Now I know I just bashed this earlier, but while the book was filled with boring facts and tips there were also some entertaining and helpful stories. Whether they were made up or not didn’t really matter to me, they were scattered in places that made reading not as dreadful. The stories were short, detailed, and explained how to improve credit or avoid debt in an effective manner. I think the information in the stories was actually more effective than everything else because it painted a picture of exactly what the reader should do.

5. Conclusion

Your host had previously been in the same position as most consumers. Having no real knowledge of the credit market and how it works, and continually fed up with high interest rates and outrageous fees. It was easy to obtain credit, but very hard to maintain it so everything was affordable. After learning the information that has been provided to readers in Credit Secrets, he was able to increase his credit score from 588 up to 810, bought a house with a low interest rate and low down payment, and also bought a new car with a low interest rate. He has even obtained several credit cards with 0% APR for 12 months. By reading and applying the information in this book, it will help you to improve your credit situation step by step. It is easy to understand why credit companies are in fear of this book. The techniques are based on down to earth methods people can actually use. The instructions are so simple. The book shows you how to go about getting the results and actually contains the verbatim letters you can use. This is no pie in the sky theory where you need to learn an entirely new way of doing things. You’re on the right track. With each letter you’ll get better and better results. After reinforced use the techniques people can begin to think, “Is it time to try for an even lower interest rate? Step up to a platinum card?” The sky is the limit. High credit is no longer just a dream. A great number of the tactics in this book, if used properly, can end up saving you thousands of dollars. If you’re trying to do things on how to fix your credit, this book is not for you. These methods are for people who are serious about improving their credit.