- ISBN13: 9780757313585
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
If terrible credit has happened to you, there is something you can do about it Feeling broke and battered? We know the feeling—heck, everyone knows it. According to the Wall Street Journal, 110 million Americans have terrible credit—nearly 50% of the adult population. But we don’t have to be depressed or discouraged about it. There is life after terrible credit. In fact, there’s even life during terrible credit.
Living Well with Terrible Credit … More >>
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Chris Balish and Geoff Williams have come up with a sympathetic, clear, and helpful guide to navigating everyday and large financial decisions. The book is geared towards people with low credit scores, but it also offers information helpful to all of us. The main causes of the disruption/destruction of solid credit history are “divorce, disaster, a serious medical condition, or getting laid off from a job.”
We know that the cost of terrible credit is expensive, so Living Well With Terrible Credit is especially helpful with its solid suggestions of ways to both save money and to be able to get hired, find decent housing, rent a car, start a business, go on a vacation (not a posh one!), and repair credit history.
The book is divided into these ten parts:
* Welcome to the Land of Terrible Credit
* Banking with Terrible Credit
* Getting a Excellent Job with Terrible Credit
* Excellent Housing with Terrible Credit
* Driving: Terrible Credit in the Passenger Seat
* Starting a Business with Terrible Credit
* Living with Terrible Credit
* Avoiding Terrible Credit Scams
* Terrible Credit: Psychology 101
Each of the chapters are straightforward and helpful. Balish and Williams flag what to look out for in each of the categories and offer specific ways to manage with a low credit score.
In Banking with Terrible Credit, the book briefly clarifies ChexSystems which computes and tracks everyone’s credit scores. Since 80% of banks in the country subscribe to ChexSystem and a low credit score or disastrous credit history can make it hard to open a checking account with a major bank, Balish and Williams suggest looking into the bank’s Second Chance program which may be a way to open a bank account again. Balish and Williams describe the “unbanked” and the costs that are incurred through payday lenders, pawnshops, and check-cashing outlets. Balish and Williams also evaluate the advantages and disadvantages of using Probity Financial Services, [...], and credit unions for their financial services.
In Housing with Terrible Credit, Balish and Williams offer ways to find decent housing through unusual housing arrangements, selecting the landlords that might be more open to a tenant with terrible credit, and different ways that someone with terrible credit can negotiate a lease with a landlord. Balish and Williams also cover different ways to obtain a mortgage or buy a home from finding lenders and credit unions that are sympathetic to lenders with a terrible credit history to seller financing to “rent-to-own”, lease-buy and lease-option ways to buy a home.
Beyond the specific tips offered in the book, Balish and Williams share their own experiences to excellent effect. Williams clarifies how he found himself having to declare bankruptcy. As Williams describes the steps that he took as he drew deeper into debt, the mistakes that he made, and what he went through and how he started over, Living Well with Terrible Credit becomes more than the usual personal finance book.
ISBN-10: c – Paperback $12.95
Publisher: Publisher: HCI (January 4, 2010), 192 pages.
Review copy provided by the publisher and TLC Book Tours.
Rating: 4 / 5