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How To Get
GREAT CREDIT!
Easily get the credit you need to get everything you want!
J
OHN
M
ICHAEL
J
ANNEY
A
MERICA
’
S
#1
F
INANCIAL
A
WARENESS
E
XPERT
How to Get
GREAT CREDIT!
Table of Contents
3
The 5 Cs of the Credit Puzzle6The 5 Components of Credit Scores8The Cost of Bad Credit12Credit Reporting Laws15
17
Beware of Credit Repair Scams17Credit Repair Organizations Act183 Steps to Repairing Credit20Credit Repair Don’ts33
34
The Path to Plastic34Things to Consider When Shopping Around for Credit36Things to Keep in Mind after Approval37A Simple Strategy for Positive Payments37Credit Card Offer Comparison Websites38Beyond Plastic38Monitor Your Progress39Other Credit-Building Tips40
42
49
© National Financial Awareness Network, Inc. Page 2 of 50http://www.nfan.com
How to Get
GREAT CREDIT!
Introduction
Thank you for purchasing the
How to Get GREAT CREDIT!
We put a lot of effort into makingsure this book provides you with the information you need to understand how credit reportingand scoring works and how to repair, rebuild and safeguard your credit. We were careful not toget lost in some of the overly-technical details of the credit industry so we could keep thispublication short while still providing you with valuable information.We wrote this book with mainly one type of consumer in mind: the newly debt free. Thisincludes those who are fresh out of a bankruptcy, debt settlement program, debt managementplan (consumer credit counseling) or who struggled on their own to overcome debt. Westructured the information for people who fall within this category because they are in the mostneed for this information. We are assuming you belong to this group of people and are at a stagein your life where you successfully resolved your debt problems and are now ready for a freshstart. However, just like you needed some guidance to resolve your debt problems, you will needsome guidance to resolve credit problems.As a member of the newly debt free, you are at a stage in your life when debt no longer hindersyour ability to pay bills on time or properly manage your money in other ways. However, thisdoes not mean that the information on the following pages does not apply to someone still indebt. Yes, sometimes you may need to sacrifice your credit to get relief from overwhelming debt.But this book will still serve as a guide for when you are able to pull yourself out of debt and areready to start recovering from past credit mishaps.
Disclaimer
While every effort was made to ensure the accuracy of the information provided in this book,credit laws and regulations are subject to change. Therefore, the author(s) and publisher give nowarranty, expressed or implied, as to quality, content, accuracy, reliability or completeness; and
© National Financial Awareness Network, Inc. Page 3 of 50http://www.nfan.com
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