Top 6 Insightful Credit Repair Books for 2023
Reading credit repair books can be a valuable tool in understanding the ins and outs of the credit repair process, but it's important to remember that no book can replace the expertise of a professional credit repair company or the personalized advice of a financial planner.
In any financial world, individual or corporate, bad credit is simply a red flag. Many of us think that having bad credit is just a setback for obtaining a loan or credit card, but it goes beyond that. Bad credit can leave you jobless or propertyless. It also typically means that even if you get loans, they come with higher interest charges which mean higher credit card financial charges.
What Credit Repair means?
Credit repair is the process of improving or restoring a person's creditworthiness. This can involve disputing errors or inaccuracies on a credit report, negotiating with creditors to remove negative items, or taking other steps to improve a credit score. Some people choose to do credit repair on their own, while others hire a credit repair company to assist them.
The goal of credit repair is to improve a person's credit score and increase their ability to borrow money or get approved for loans or credit cards at favorable interest rates.
But bad credit doesn’t necessarily mean you are a poor money steward and is redeemable. If you are struggling with bad credit, here are six credit repair books to help redeem your score come 2023.
What Are The Best Credit Repair Books?
A Look into the Secrets of Credit Repair, by Diana Donnelly (2022)
It only takes minor glitches for credit bureau reporting systems to turn your financial life upside down. But this book contains a 6-step strategy for rebuilding your credit score.
This book helps you understand how you get to bad credit from scratch. It details how FICO calculates credit scores and how you can know your score. It also contains six crucial parts of a loan application that banks analyze when deciding whether they should approve your loan.
Learn about a “Section 609” letter and how the correspondence can assist you in getting your credit history in order and seven key things debt collectors never admit to you when dealing with collection agencies.
I particularly loved the section on proper loan management and the practical credit-building techniques for improving your credit’s health.
Repair Your Credit Like the Pros, by Carolyn Warren (2016)
This book is for you if you don’t know much about credit and credit repair companies. Generally, there are erroneous errors that credit files have that contribute to bad credit, and many of us don’t know.
We can avoid being victims by knowing our credit rights. This book encourages you to take charge of your legal right to clean and restore bad credit. It contains modeled methods by certified credit attorneys and credit repair specialists.
This book taught me that the law does not require credit cards to report late payments and that they can freely remove derogatory information if they wish. But how do you entice them to go over their head or help you?
The book also equips you with professional credit repair tools and steps for removing foreclosures, bankruptcies, collections, and charge-offs.
Credit Repair, by Amy Loftsgordon Attorney & Cara O’Neill (2020)
A bad credit report can hinder you from obtaining a car loan, apartment, mortgage, or job. The sensible step to take is obviously to build your credit score. But not many of us know how to go about it. If that’s you, this credit repair book is for you.
It has sensible strategies for repairing bad credit, taking charge of your finances, cleaning your report and, most importantly, rebuilding your credit. You will learn how to prioritize debt and create workable budgets to cut expenses.
There are also details on how you can negotiate with creditors and insights on correcting errors that may be on your credit report. You will also discover how you can remove old information on your credit report and replace it with positive information.
I mainly found the sections on student loan repayment programs, identity theft report developments, medical debt, and the new credit-building strategies useful.
How to Boost Your Credit Score, by Brandon Oleson (2021)
This book is for you if you are looking to restore your credit name without hiring credit consultants and attorneys.
Learning about finance and credit can be daunting, but this book shows you practical strategies for quickly and legally fixing your credit score with a language that is easy to digest.
In addition to this information, you will find easy-to-use templates that you can use to dispute harmful listings on your credit report and how you can guard yourself against fraud and cyber threats.
Learn about credit card management, student loan management, and tips about removing late payment reports.
One interesting thing I found in this credit repair book is how you can make bankruptcy work in your favor and file for it to start a good credit journey.
The Credit Game, by Chevon K. Patrick (2022)
Chevon gives excellent information on how you can use credit to build wealth while sharing her journey, lessons, tools and steps for bad credit betterment.
The Credit Game is one of the bad credit repair books with real examples and tangible resources handy for the journey. It is inspirational and empowering to make you feel confident that the process will bear fruits in the long run and make you debt free.
This book highlights credit plays you might not have known, like how the wealthy use credit to build wealth, the bills you need to pay first to lower interest payments and cut losses, and how to use strategy to pay creditors.
It teaches how to build your credit score while paying minimal or no interest without risking asset
loss and how to dispute credit report errors. As a bonus, it has telephone scripts for negotiating better credit terms with credit card companies.
Credit Secrets, by Frankie Brackett (2021)
This is a two book bundle about how to repair bad credit or increase creditworthiness. It gives knowledge you can use to live your desirable life. Discover strategies to save you from embarrassing moments as you apply for credits.
Frankie starts the book by explaining what credit repair exactly means and follows with details about what the FICO credit score is and its importance.
The book details how you can redeem your credit score without spending time and money on attorneys and consultants with a few easy steps. You will discover how you can attain financial freedom from the bad credit secrets the book discusses.
In addition, Frankie gives template examples and simulations you can use to practice the lessons you obtain and how you can send appropriate letters to be accepted by credit bureaus.
5 Essential Credit Repair Steps to Make
Here are some basic steps that people often make when attempting to repair their credit:
1. Check for errors on their credit report
A credit report is a detailed summary of a person's credit history. It is important to check the credit report for errors or inaccuracies, as these can have a negative impact on a credit score. If you find an error on your credit report, you can dispute it with the credit bureau that issued the report.
2. Negotiate with creditors
If you have unpaid debts or late payments on your credit report, you may be able to negotiate with your creditors to have the negative items removed or revised. This can involve offering to pay off the debt in exchange for the creditor agreeing to remove the negative item from your credit report.
3. Set up payment plans
If you have unpaid debts or late payments, setting up a payment plan can help you get back on track with your payments and improve your credit score.
4. Get a secured credit card
A secured credit card is a type of credit card that is backed by a security deposit. By using a secured credit card responsibly (e.g., paying the balance in full each month), you can demonstrate to creditors that you are able to handle credit responsibly and improve your credit score.
5. Consider credit repair services
If you are having difficulty repairing your credit on your own, you may want to consider hiring a credit repair company to assist you. Just be aware that these services can be expensive and may not always be effective. This is why we primary suggest to start with a trustworthy book above.
Final Thoughts on Credit Repair Books
Bad credit doesn’t have the best reputation when it comes to financial services. Repairing it will save you a lot of trouble; you have the right to credit repair for your financial good.
If you are struggling with bad credit, the books listed above are good starting points towards your 2023 financial freedom. Check out also our selection of the best money management books.
My profession is online marketing and development (10+ years experience), check my latest mobile app called Upcoming. But my real passion is reading books both fiction and non-fiction. I have several favorite authors like James Redfield or Daniel Keyes. If I read a book I always want to find the best part of it, every book has it's unique value.