Credit Secrets Book Review
The Credit Secrets Books is actually a comprehensive B level course that will teach you everything you need to know about credit from a consumer viewpoint. So, what is so unique about this book? Is it really different from other consumer guides? Or is it just a rehashed version of the same old credit secrets that we’ve heard of before? In this Credit Secrets Book Review, we will try to find out. Do yourself a favor and read this review now.
The Credit Secrets Book has been promoted as an authorized user product of Credit Secrets LLC, which is an entity formed by renowned attorney and forensic financial investigator, Robert Hodge. According to its own website, “this book contains more than 500 pages of unique credit repair strategies, many previously unknown secrets, and more.” The Credit Secrets Book also says that it “is an authorized user of all copyrighted material contained herein, including but not limited to patents, copyrights, trademarks, and trade names.” This claim is quite simply false, especially in light of the fact that nothing on the author’s website mentions the words “authorized user” or “fair use.” Furthermore, this unauthorized use defense is not mentioned anywhere in the text or on any of the links included in the website.
In our first credit secrets book review, we pointed out several problems with the author’s methods. Specifically, we pointed out how Mr. King repeatedly emphasizes that you must spend money, despite the fact that this book is essentially free. We also pointed out that he repeatedly makes the statement that credit is the key to wealth, while at the same time he repeatedly stresses the importance of spending wisely and not spending too much.
In our second credit secrets book review, we noted that some of the strategies recommended in the book are borderline illegal and/or unethical. Specifically, the strategies suggested in the book include: using your parents credit card for personal expenses; charging multiple items on one credit card; charging items you don’t have a credit history for; charging auto insurance; keeping a bank account but not a checking account; and using personal information obtained from a credit report for online purchases. These activities, while they may work in theory, are in direct violation of the Fair Credit Reporting Act (FCRA) and other federal laws regulating consumer financial activity. Although the FCRA makes it illegal to lie about your financial history, these actions are actually well-established illegalities under federal law. Although we do not have a legal opinion on the legality of these practices, we do believe that they could constitute a valid argument for a client filing a consumer complaint under the FCRA.
In our third credit report repair book review, we will move away from the FCRA and look at the Fair Credit Reporting Act (FCRA) and its restrictions on the three credit reporting bureaus. Specifically, we will focus on two of the most common bureaus: Equifax, which is required by the FCRA to provide clients with free credit reports annually; and Experian, which are not mandated by the FCRA but is required to provide clients with written statements each year that describe their credit report errors. The laws regarding the FCRA are quite complex and many lawyers feel that understanding them is better achieved through reading than listening to an explanation of the law. In this FCRA book review, we will look at the basics of how the FCRA works, the factors that lenders use to determine whether a report is “good” or “bad,” and how to dispute inaccurate information on a credit report.
In our next credit secrets book review, we will look at the Fair Credit Reporting Act’s Fair Credit Reporting Act (FCRA) and how it relates to the FCRA’s prohibition on the three major credit bureaus. The Fair Credit Reporting Act also requires the bureaus to inform clients of their rights and limitations in dealing with their credit files and instruct them to respond quickly and fairly to any claims they may have. Unfortunately, many credit repair advocates believe the FCRA is unfair and an effort to gag credit repair businesses. This belief is generally unfounded, however, and in this book review, we will explain why it may be beneficial for consumers to learn more about the FCRA and what the laws prohibit.
We have also looked at FCRA smart money secret reviews that outline the ways that the law can benefit you – and we have examined the claims of some firms regarding how the law could benefit them. To learn more about credit repair and smart money secret reviews, register for a free copy of our new report: “Federal Trade Commission Credit Repair Manual.” (available to download immediately upon checkout). The FCRA is one of the most important books that you will ever read about credit repair. Not only does it explain the basics of credit repair – how it works, what your legal rights are, and what you can do to recover – but it goes into great detail about the negative impacts that hiring a professional firm can have on your credit score and your life.
There are many resources available to consumers to help them understand the importance of working hard to improve their credit report and their lives. For those who have made the decision to hire a credit repair company, we recommend working with MY Credit Jump. Such professionals are familiar with the intricacies of the FCRA and will be able to help you with your obligations to the credit bureaus. In short, working with a credit repair company can be your best way to minimize the damage that the credit bureaus can do to you. Contact us today!