Bob Hammond discusses how to reduce debts, repair credit and deal with creditors and collection agencies. He includes tips on negotiating debts downward and sample letters to creditors. The detailed appendix includes the U.S. Fair Credit Reporting Act, Equal Credit Opportunity Act and Fair Debt Collection Practices Act. This book is primarily targeted to small business owners, employees and the unemployed or underemployed who are having debt problems. getabstract appreciates the basic, "do this," tone of voice and the practical approach to helping someone climb out of debt. (While some of these strategies might be useful anywhere, only U.S. law is discussed.)
In this summary, you will learn
- What warning signs urge you to reduce your debt;
- How to get the most favorable rates with credit cards and other financial arrangements; and
- What techniques you can employ to reduce your level of debt.
About the Author
Bob Hammond is the author of Credit Secrets: How to Beat the Credit Bureaus, Life Without Debt, Repair Your Own Credit, The Credit Repair Rip-Off and the editor of the Directory of Consumer and Credit Services. He is active as a consumer advocate and speaker in workshops, seminars and media interviews on the subject of credit and debt topics.