This book is a complete waste of money. I read the entire book in 1 hour because practically all of it is just stupid stories explaining the problem. We already KNOW the problem Kevin! This book might be good for young school-age kids but that’s it.
Save your money.
Here’s the
“secret” information offered in the book.
The banks are out to get you! No c$%p! We know they’re just a bunch of greedy b&*%$ds with the ethics of a sewer rat
Get a copy of your credit report free every year - of course.
Don’t admit to any debt.
Cry “Identity Theft” to erase charges (now be ethical)
Draft a financial statement showing you have negative equity (net worth) and cannot pay - show to creditors; they may make a deal.
Ask for a credit limit increase - Wow! pure genius!
Ask for a lower interest rate - Whoa! that’s crazy!
If your FICO score is less than 619 you are high risk. >= 661 is OK
Better your FICO score by asking a friend or relative with GOOD credit to simply add you to their card. Make sure that company reports you to the credit agencies - some don’t. Not a bad suggestion, except it's outdated (before the book was even published) and will no longer work.
Most states have a statute of limitations on debt after which it cannot be legally collected. Most states are 6 yrs, some as low as 3. Check this link:
www.cardreport.com/laws/statute-of-limitations.html
Get a secured credit card (you borrow against your own money) duh!
Get a small installment loan and pay off - duh!
FREE money! Visit
www.Grants.gov,
www.fundsnetservices.com,
www.foundationcenter.org,
www.kn.paceball.com,
www.sba.gov,
www.womensbusinessgrants.com,
www.fns,usda.gov/cnd/lunch (free school lunch),
www.idanetwork.com (money matched savings for home, etc. sounds interesting),
www.energystar.gov (tax credit)
There’s more stuff of course but that’s really about all you get for your $42.
Now go get out of debt and stay that way!