Allied Publishing Books and Training Manuals

 

How to Build Better Credit Rating

Table of Contents

(8 ½″ x 11″ Page Format)

Introduction 9
Chapter 1 Understanding Credit Report and Credit Bureaus 10
Credit Report 10
What is Included in a Credit Report? 11
What is a Credit Bureau? 12
Major Credit Bureaus 12
The Importance of Reviewing a Copy of Your Credit Report  12
How to Obtain a Free Copy of Your Credit Report 13
Beware About Deceptive Websites 14
Other Situations Where You Might be Eligible for a Free Report 15
What to Do If You Find Errors or Incomplete Information in Your Report? 16
How Long Can a Credit Reporting Company Report Negative Information?  16
Who Else Can Get a Copy of Your Credit Report? 17
Chapter 2 How to Establish or Re-Establish Good Credit History 18
How to Improve Your Credit Rating 18
How to Get Accepted For a Low-Interest Rate Credit Card 19
Establishing Credit History 20
What to Do When Your Application is Rejected? 21
Cosigning 22
Chapter 3 Understanding the Credit Game 23
Choosing the Right Credit Card 23
Department Store Cards 24
American Express 24
Secured Credit Cards 25
Debit Cards 25
Credit Card Costs 26
Balance Calculation Methods 29
Tips For Lowering Credit Costs 30
Using Your Credit Card to Get Discounts 31
Using Credit Card Abroad 31
Currency Conversion 31
Credit Line Holds 32
Advantages of Using Credit Card Abroad 32
Travelers’ checks 33
Chapter 4 How Bank Analyze Your Credit Application 34
How Creditors Rate You? 35
How Banks Analyze Your Creditworthiness 35
Point Scoring System 38
What You Can do If You are Denied? 40
Credit Scores and Credit Reports 41
Improving Your Credit Score 41
Chapter 5 How to Improve Your Credit Score 44
Nine Things That Can Ruin Your Credit 45
What Determines Credit Score? 45
Learn How Credit Scores Are Determined 46
How to Increase Your Credit Score 46
Best Ways to Improve Your Credit Score 47
Chapter 6 Building Up a Good Credit Record 51
How to Build a Good Record and Increase Your Chance for a Loan 51
Negative information 53
How to Protect Yourself against Identity Theft 57
Chapter 7 Your Legal Right 61
Credit Histories for Women 61
Self-employed 63
Age discrimination 63
Truth in Lending and Consumer Leasing Acts 64
Equal Credit Opportunity Act 64
Fair Credit Billing Act 65
Fair Credit Reporting Act 65
Fair Debt Collection Practices Act 65
Chapter 8 How to Correct Billing Problems 68
What Laws Apply? 69
How to Correct Billing Errors 71
Creditor Responsibilities 72
What to do if Your Complaint is Not Resolved 74
Chapter 9 Credit Correction 76
Removing Inquiries from Your File 77
How to Remove Negative Information from Your File 78
What to do If the Credit Bureau Refuse to Correct the File 79
Chapter 10 Credit and Collection 81
Contacting Your Creditors 81
What Creditors Can do If You Don’t Pay? 82
Collection Agencies 83
The Fair Debt Collection Practices Act 84
Wage Garnishment 85
Auto Repossessions 85
Preventing Property Foreclosure 86
Foreclosure 87
Consumer Credit Counseling 87
Chapter 11 Bankruptcy 88
Chapter 7 89
Chapter 11 89
Chapter 13 90
Judgement Proofing 91
Chapter 12 How to Rebuild a Bad Credit History 92
How Credit Repair Clinics Operate 94
How Long Will a Negative Mark Remain on Your File? 95
Chapter 13 Techniques for Reducing Debt 97
Consolidate Your Loans 97
Life Insurance Policies 97
Personal Loans 98
Collateral Loans 99
Home Equity Loans 99
Loans to Avoid 100
Chapter 14 SBA – The ABC’s of Borrowing 101
Is Your Firm Credit Worthy? 101
Adequate Financial Data Is a “Must.” 102
What Kind of Money? 103
Short-term Bank Loans 103
Term Borrowing 103
Equity Capital 104
How Much Money? 104
What Kind of Collateral? 105
Endorsers, Co-makers, and Guarantors 105
Assignment of Leases 105
Warehouse Receipts 106
Trust Receipts and Floor Planning 106
Chattel Mortgages 106
Real Estate 106
Accounts Receivable 107
Savings Accounts 107
Life Insurance 107
Stocks and Bonds 107
What Are the Lender’s Rules? 108
What Kinds of Limitations? 108
Covenants—Negative and Positive 108
You Can Negotiate 109
The Loan Application 109
Evaluating the Application 110
Chapter 15 SBA’s Business Loan Program 112
Types of Business Loans from SBA 112
How to Apply for a Loan 113
Terms of Loans 113
Collateral 114
Eligibility Requirements 114
General Size Standards 114
Credit Requirements 115
Conclusion 116