Life After Debt: The Complete Credit Restoration Kit

470 Pages·1992·38.436 MB·English

by  Bob Hammond

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Bob Hammond
The Complete Credit
Restoration Kit
PALADIN PRESS
BOULDER, COLORADO
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LifeafterDebt: TheCompleteCreditRestorationKit
by Bob Hammond
Copyright© 1992by Bob Hammond
ISBN0-87364-684-3
Printed in theUnited StatesofAmerica
Publishedby Paladin Press,adivisionof
Paladin Enterprises, Inc.
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Digitized by the Internet Archive
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9
CONTENTS
Foreword XI
Preface xiii
Introduction:WhyReadThisGuide? 1
AFewInterestingStatisticsaboutDebtinAmerica
TenWarningSignalstoTellifYouAreinTrouble
—
PartOne IsThereReallyLifeafterDebt? 5
Chapter 1: CountingtheCostofCredit 7
FinanceChargesandAnnualPercentageRate
Comparison
CostofOpen-EndCredit
BillingErrors
MaintainingYourCreditRating
DefectiveGoodsorServices
CreditforPaymentsandRefunds
SampleLetterofBillingErrorNotification
Chapter2:Bnxs,Bills,Bills:LatePaymentsandDebtCollectors 1
FairDebtCollectionPracticesAct
Debtors*RightsatWork
SampleLetterRequestingCollectortoEndFurtherCommunication
HearingsandCourtJudgments
Chapter3:TheCheckIsintheMail! 25
SampleNegotiatedSetdementLetter
Chapter4:GuerrillaTacticsforRapidDebtReducron 29
CreativeAutoFinancingYourDealerNeverToldYouAbout
RapidMortgageReduction
TheTruUiaboutDebtConsolidation
vu
UFEAFTER DEBT
Last-ResortStrategies
SampleLettertoRequestaMoratorium
SampleRequestforReducedMonthlyPayments
Chapter5 GoingBA^fKRUPTwithoutGoingBroke 39
:
Chapter7Liquidation
Chapter 13DebtAdjusUnent
WheretoGetHelp
—
PartTwo ADo-It-YourselfGuidetoCreditRepair 47
Chapter6: HowDoYouRate?Credit-ReportingAgencies 49
CreditRatings
TheFiveLargestCreditBureaus
QuestionsandAnswersaboutCredit-ReportingAgencies
Chapter7: ApplyingforCredit 61'
TheFiveCsofConsumerCredit
PointScoringSystem
Chapter8 SpecialProblemsofPreviouslyMarriedPeople 65
:
Chapter9 Women Minorities andCredit 69
: , ,
SampleComplaintLetter
Chapter 10: DisputingwiththeCreditBureaus 73
TheFairCreditReportingAct
HowtoDispute
TheDisputeCycle
SampleRequestforCreditReport(afterDenial)
SampleRequestforCreditReport(NoDenial)
SampleConsumerDisputeForm
SampleFollow-UpLettertoaDispute
SecondFollow-UpLetter
ConsumerStatements
Chapter 11:ResolvingCreditorDisputes 85
SampleDisputeLettertoCreditor
AlternateCreditorDisputeLetter
Chapter 12:DynamicNegotiationSttiategies 89
AgreeingonaRepaymentRate
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