Book description
Improve your credit score, for real, with the #1 best-selling guide you can trust! Today, a good credit score is essential for getting credit, getting a job, even getting car insurance or a cellphone. Now, best selling journalist Liz Pulliam Weston has thoroughly updated her top-selling guide to credit scores, with crucial new information for protecting (or rebuilding) yours.
Weston thoroughly covers brand-new laws and rules surrounding credit scoring — including some surprising good news and some frightening new risks. Don’t settle for an out-of-date guide to credit scoring, when Your Credit Score, Fifth Edition offers brand-new coverage of all this, and more:
Recent consumer-friendly reforms in lending, credit score calculation, and credit bureau behavior — and how to take advantage of them
How you can finally get your credit disputes reviewed by an actual human being
Why recent medical debts shouldn’t impact your score anymore
How to get a legitimately free FICO score without getting ripped off
How lenders have recently loosened their criteria, making it easier to get loans even if your credit isn’t perfect
Important new options for student loan borrowers — including brand-new ways to dramatically limit your payments
How tax refund fraud is soaring — and the one little-known way to avoid becoming a victim
The disappearance of "manual underwriting": why it’s now virtually impossible to get a mortgage without credit scores
Weston updates her guidance on raising your FICO score... fighting lower limits or higher rates... maintaining the right mix of cards and balances... bouncing back from bad credit... choosing credit "solutions" that help, not hurt... explodes both new and old myths about credit scoring… and much more.
Your Credit Score is for every consumer who is concerned about improving or protecting their credit — and it’s so up-to-date and useful, thousands of financial professionals use it, too!
Table of contents
- About This eBook
- Title Page
- Copyright Page
- Praise for the Previous Edition of Your Credit Score
- Contents
- Acknowledgments
- About the Author
- Introduction
- 1. Why Your Credit Score Matters
- 2. How Credit Scoring Works
- 3. VantageScore—A FICO Rival Emerges
- 4. Improving Your Score—The Right Way
-
5. Credit-Scoring Myths
- Myth 1: Closing Credit Accounts Will Help Your Score
- Myth 2: You Can Boost Your Score by Asking Your Credit Card Company to Lower Your Limits
- Myth 3: You Can Hurt Your Score by Checking Your Own Credit Report
- Myth 4: You Can Hurt Your Score by Shopping Around for the Best Rates
- Myth 5: You Don’t Have to Use Credit to Get a Good Credit Score
- Myth 6: You Have to Pay Interest to Have a Good Credit Score
- Myth 7: Adding a 100-Word Statement to Your File Can Help Your Score if You Have an Unresolved Dispute with a Lender
- Myth 8: Your Closed Accounts Should Read “Closed by Consumer,” or They Will Hurt Your Score
- Myth 9: Credit Counseling Is Worse Than Bankruptcy
- Myth 10: Bankruptcy Hurts Your Score So Much That It’s Impossible to Get Credit
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6. Coping with a Credit Crisis
- Step 1: Figure Out How to Free Up Some Cash
- Step 2: Evaluating Your Options
- The Real Scoop on Credit Counseling
- Debt Settlement: A Risky Option
- Should You File for Bankruptcy?
- The Effects of Bankruptcy Reform
- The Type of Bankruptcy That You File Matters
- Should You Walk Away from Your Home?
- Step 3: Choose Your Path and Take Action
- 7. Rebuilding Your Score After a Credit Disaster
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8. Identity Theft and Your Credit
- Options That Might Help
-
How to Reduce Your Exposure to Identity Theft
- Buy a Shredder
- Get a Locking Mailbox
- Protect Your Outgoing Mail
- Be Careful with Your Tax Returns
- Keep Your Financial Documents Under Lock and Key
- Get Stingy with Your Social Security Number
- Know What’s in Your Wallet
- Ask About Shredding Policies
- Don’t Let Your Debit Card out of Your Sight
- Monitor Your Accounts
- Opt Out of Credit Card Solicitations, Junk Mail, and Telemarketing
- Be Cautious About Using Your Smartphone for Financial Matters
- Be Wary of Telephone Solicitors and Emails Purporting to Be from Financial Institutions
- Be Smarter About Social Media
- Safeguard Your Social Security Number
- Monitor Your Credit Reports
- Consider a Credit Freeze
-
What to Do if You’re Already a Victim
- Keep Good Notes of Every Conversation You Have Regarding the ID Theft
- Contact the Credit Bureaus by Phone and Then with a Follow-Up in Writing
- Contact the Creditors by Phone and Then Follow Up in Writing
- Contact the Police or Local Sheriff
- Contact Bank and Checking Verification Companies
- Contact the Collection Agencies
- Get Legal Help
- Don’t Give Up
- What to Do if the Credit Bureau Won’t Budge
- 9. Emergency! Fixing Your Credit Score Fast
- 10. Insurance and Your Credit Score
- 11. Can Bad Credit Cost You a Job?
- 12. Keeping Your Score Healthy
- Index
Product information
- Title: Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future, Fifth Edition
- Author(s):
- Release date: October 2015
- Publisher(s): Pearson
- ISBN: 9780134211114
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