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    Stop the Insanity: Success Strategies for Credit Repair
    Stop the Insanity: Success Strategies for Credit Repair
    Stop the Insanity: Success Strategies for Credit Repair
    Ebook127 pages1 hour

    Stop the Insanity: Success Strategies for Credit Repair

    By Ernest Dave Bennerman and Roseline Bennerman

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    About this ebook

    In "Stop the Insanity: Success Strategies for Credit Repair," you'll learn how the credit bureaus do their business. As well as how to regain their trust step by step, and it will even show you a few simple tricks for being financially responsible.
    SOME of the information you will find inside:

    => What's a good credit score? And at what score should I start to be worried.

    => Even if you pay all your bills on time, you may still have marks against your credit.

    => 3 top credit agencies and how to keep tabs on them.

    => 5 ways the credit bureau's look at your lending history - and how important each view is.

    => Effective ways to boost your credit score (and it's not just paying your bills).

    => 11 steps to protecting your identity from thieves who may destroy your credit on their joyride across the country.

    => 4 steps to take right away if you think you've been a victim of identity theft. It may not be too late.

    => 5 common credit mistakes you may commit if you don't know about them in advance.

    => How not having any debts may actually hurt your credit score.

    => How to dispute bad marks on your credit report.

    => After you contact the credit bureau about an error in your credit report, make sure you contact these people next.

    => The truth about "free credit reports" online.

    => 3 ways to start building up trust after a major credit disaster.

    => When to consider declaring bankruptcy.

    => When you should fear credit repair companies.

    => 6 common scams some credit repair companies try and pull.

    => How to use your bank as an ally in your fight against bad credit.

    => 5 ways to curb your spending habit.

    => How to automatically cut down on your spending without beating yourself up.

    => 5 ideas for adding extra dollars to your monthly income.

    => The secret to changing the way you think about money.

    => 7 most common reasons why credit scores are lowered.

    => 3 reasons why change in your life is not always a good thing.

    => How a simple phone call may help out your credit.

    => When a "late fee" is easily waived.

    => The secret to setting short-term goals to repair your credit yourself.

    => When seemingly small differences in credit scores can have a huge impact on the interest you pay.

    => How to set your finances on autopilot.

    => When refinancing is the best option.

    => What you should always know before talking to a lender.

    => How to encourage a potential lender to look at you instead of your credit rating.

    => How to make paying your bills easier on yourself.

    => How you can take advantage of being a student while trying to repair your credit.

    => The secret to handling student loans (and when you may be able to award yourself a six month grace period on paying your bills).

    => When to take out a loan to repay your debts.

    => Which "cash advance" agencies to stay away from (or you risk destroying your credit).

    => 6 ways to handle the stress of being in debt.

    And there's MUCH more

    LanguageEnglish
    PublisherErnest Dave Bennerman
    Release dateMar 21, 2016
    ISBN9781311288769
    Stop the Insanity: Success Strategies for Credit Repair
    Author

    Ernest Dave Bennerman

    Coach Dave grew up in Northern New Jersey surrounded by violence and poverty, with a loving sister and a mother who instilled hard work and perseverance into their lives. After finishing high school he joined the United States Army and later met his wife, Roseline ‘Roz’ during his college years, and they are blessed with one son, Terrell. Dave took a wrong turn in life and discovered problems, heartache and disappointment do not discriminate. He lost everything that was dear to him and made a decision to seek God for healing and restoration. Now he empowers countless individuals in his surrounding community, and shares his faith and love for God with many individuals from diverse cultures. In 2012, he was ordained as an Evangelist and he travels around the world encouraging people to live on PURPOSE. COACH DAVE BENNERMAN CEO & Founder of Ignite Your Vision Now

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      Book preview

      Stop the Insanity - Ernest Dave Bennerman

      Stop the Insanity

      Success Strategies

      for

      Credit Repair

      Ernest Dave Bennerman

      with

      Roseline Bennerman

      Stop the Insanity

      Success Strategies for Credit Repair

      Copyright © 2015, by Ernest Dave Bennerman with Roseline Bennerman

      All rights reserved.

      No part of this book may be reproduced, stored in a retrieval system, or transmitted by any other means: electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the copyright holders.

      Smashwords Edition License Notes

      This book is licensed for your personal enjoyment only. This book may not be resold or given away to other people. If you would like to share this book with other people, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favorite ebook retailer and purchase your own copy. Thank you for respecting the hard work of this author.

      This book is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher and the contributors are not engaged in rendering legal, accounting, or other professional advice. If legal advice or other professional assistance is required, the services of a competent professional should be sought.

      While the author has made every effort to provide accurate telephone numbers and internet addresses at the time of publication, neither the publisher nor the author assumes any responsibility for errors, or for changes that occur after publication. The reader is advised to consult with an appropriately qualified professional before making any business decision. The contributors and www.igniteyourvisionnow.com do not accept any responsibility for any liabilities resulting from the business decisions made by purchasers/readers of this book.

      Scripture quotations marked (NLT) are taken from the Holy Bible. New Living Translation copyright© 1996, 2004, 2007, 2013 by Tyndale House Foundation. Used by permission of Tyndale House Publishers Inc., Carol Stream, Illinois 60188. All rights reserved.

      Table of Contents

      ACKNOWLEDGMENTS

      INTRODUCTION

      Chapter 1 THE BASICS CREDIT RATING - HOW ARE YOU SCORED?

      Chapter 2 BOOST YOUR CREDIT SCORE

      Chapter 3 KEEP YOUR CREDIT SCORE SAFE

      Chapter 4 AVOID COMMON MISTAKES

      Chapter 5 REVIEW YOUR CREDIT REPORT

      Chapter 6 AFTER A BIG PROBLEM

      Chapter 7 KEYS TO SEEKING PROFESSIONAL CREDIT HELP

      Chapter 8 GOOD FINANCIAL HABITS BUILD GOOD CREDIT SCORES

      Chapter 9 REVERSE ROLES - THINK LIKE A LENDER

      Chapter 10 GET ORGANIZED TO REPAIR YOUR CREDIT SCORE

      Chapter 11 LOANS AND YOUR CREDIT SCORE

      Chapter 12 KEEP IT SIMPLE

      Chapter 13 STUDENT CREDIT REPAIR

      Chapter 14 DEALING WITH DEBT

      Chapter 15 CREDIT REPAIR AND YOUR EMOTIONS

      Chapter 16 WRAP-UP CREDIT TIPS

      CONCLUSION

      ABOUT THE AUTHOR

      FREE GIFT

      OTHER BOOKS BY AUTHOR

      Acknowledgments

      First, thank you for purchasing this book. I believe every person I've ever crossed paths with has influenced my life in some way. And because of their impact in my life, I've used the knowledge and wisdom received in this book to help overcome my own financial debt. Now, I want to share specific strategies with others to help them overcome the burden of financial debt. I believe you will find the strategies to be doable with discipline, consistency and determination to overcome your own financial debt.

      The strategies in this book will help you to manage and monitor your way out of financial debt and to sustaining debt free living–if you practice what's outlined in these next chapters. But by no means is this an exhaustive list.

      Finally, I thank God, for He is the one who empowers us!

      I wish you abundance in every area of your life.

      God Bless!

      Introduction

      Let's start with defining what credit is.

      Credit means that you are getting a service or cash grant to use for your own purpose. You are often bound with a contract or agreement to repay in the future as agreed with lender or service provider. Credit exists in different forms such as loan, mortgage, or credit card.

      Now let's understand what a credit score is

      Your credit score may be called many things, including a credit risk rating, a FICO score, a credit rating, a FICO rating, or a credit risk score. All these terms refer to the same thing: the three-digit number that lets lenders get an idea of how likely you are to repay your bills.

      Every time you apply for credit, apply for a job that requires you to handle money, or even apply for some more exclusive types of apartment living, your credit score is checked.

      There are many misconceptions about credit scores out there. There are people who believe that they don’t have a credit score and many who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.

      In fact, your credit score can be checked by anyone with a legitimate business need to do so. Your credit score is based on your past financial responsibilities and past payments and credit, and it provides potential lenders with a quick snapshot of your current financial state and past repayment habits.

      In other words, your credit score lets lenders know quickly how much of a credit risk you are. Based on this credit score, lenders decide whether to trust you financially–and give you better rates when you apply for a loan. Apartment managers can use your credit score to decide whether you can be trusted to pay your rent on time. Employers can use your credit score to decide whether you can be trusted in a high-responsibility job that requires you to handle money.

      The problem with credit scores is that there is quite a bit of misinformation circulated about, especially through some less than scrupulous companies who claim they can help you with your credit report and credit score–for a cost, of course.

      From advertisements and suspect claims, customers sometimes come away with the idea that in order to boost their credit score, they have to pay money to a company or leave credit repair in the hands of so-called experts. Nothing could be further from the truth. It is perfectly possible to pay down debts and boost your credit on your own, with no expensive help whatsoever.

      In fact, the 'Stop the Insanity: Success Strategies for Credit Repair' can get you well on your way to boosting your credit score and saving you money.

      If you repair your credit, it will make it easy for you to get low-interest credit, car or home loans. However, with poor credit rating you may not be able to get a loan or be subjected to high-interest rates and several other unnecessary conditions. So it’s very important that you repair your credit if you have bad credit. You will get lots of tips on how to do this easily in this book.

      By the end of this book, you will be able to:

      1. Define a credit score, a credit report, and other key financial terms

      2. Develop a personalized credit repair plan that addresses your unique financial situation

      3. Find the resources and people who can help you repair your credit score

      4. Repair your credit effectively using the very techniques used by credit repair experts. Plus, unlike many other books on the subject, this book will show you how to deal with your everyday life while repairing your credit. Your credit repair does not happen in a vacuum.

      This book will teach you the powerful strategies you need to build the financial habits that will help you to keep a high credit risk rating. It really is that simple.

      Start reading and be prepared to start taking small but powerful steps that will have a dramatic impact on your financial life!

      Chapter 1 - The Basics Credit Rating - How are you Scored?

      "Just as the rich rule

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