Life After Debt: How to Repair Your Credit and Get Out of Debt Once and for All

The author of How to Beat the Credit Bureaus discusses the causes of indebtedness and teaches people how to solve their credit problems and establish good credit. 25,000 first printing. Tour.

Public libraries have always been faced with patron demand for information on how to file for bankruptcy. Today's financially troubled patrons, however, are seeking more options. "Credit repair" has become a buzz-phrase of these economically difficult times. Hammond is a credit consultant and member of the Consumer Credit Commission, a consumer rights organization. He warns that many of the so-called credit repair services that have sprung up are out only to exploit the unwary, and he follows with his own tips on avoiding debt, obtaining credit, and restoring poor credit. He shows how to negotiate with creditors and explains how credit bureaus work. Sample letters are provided throughout, and more than 125 pages of appendixes list credit services, counselors, secured credit card providers, and government agencies. Reproduced are the texts of various consumer credit laws. Although he offers a disclaimer discouraging their use, Hammond also includes several highly questionable tactics such as falsifying Social Security numbers and using alternate names to create "new" credit histories. Let your selection policy be your guide. David Rouse