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Everyone over the age of 15 MUST read this book, it affects YOU! |
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Identity theft is the latest crime sweeping Britain. Learn how to protect yourself from thieves so your stolen identity can't be used to commit benefit fraud, money laundering or even terrorism. You will be amazed by the amount of facts you knew nothing about. Discover the hidden truths about sexually transmitted debt, over indebtedness and why applying for credit near christmas is disasterous! |
| Even The Score has over 110 pages jam packed with crucial information facts and figures to help you defeat the financial maze and fraudsters. A brief overview of the subjects discussed across the ten chapters now follow. | |
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Chapter One - What Is
Credit Scoring Really About?
When you enter into a relationship with your partner you do so because you both feel compatible with each other. Lenders use credit scoring to size you up as a prospective partner. Lenders know much more about you than you know about them. The book will help you to even the score. When you apply for credit from a lender they will usually check the following sources of information. Your application form, Credit Reference Agencies, Fraud databases and any previous dealings you may have had (if any) with that lender. Lenders are in the prediction business. This involves much more than predicting whether you will be a poor credit risk (i.e. how likely you are to default on your loan). A lender will assess your credit risk, fraud risk, over indebtedness risk and your profit risk (i.e. how likely you are to make the lender money). How and why different types of lender interpret the same information in different ways. What is your bank credit score? How can you get hold of it? What factors does it take into account? When you apply to mainstream lenders there are circumstances where you would be better off opting for manual as opposed automated credit scoring. How do you do this? What is sexually transmitted poor credit history? How do you become infected? How a bad credit score can destroy your career prospects in a number of sectors? In a certain industry acquiring a bad credit history can be a disciplinary offence on your employment record. A bad credit score can stop you renting a roof over your head. It can also destroy you chances of getting insurance if you want to pay by instalments instead of lump sum. If you apply to a certain insurance company and you bank with its parent company why do you need to ensure you have managed your bank account well? |
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Chapter Two - Who Are
The Credit Score Killers?
There are human killers Hitler, Pol Pot, Saddam, the Yorkshire Ripper, Dr. Shipman and many more. Take your pick the list is endless. There are also credit score killers. This death squad roam unhindered preying upon borrowers. Ignorance won't save your credit score from being butchered. Welcome to the chamber of horrors of the credit world. Every year these killers roam the credit world sadistically gunning down the credit scores of hapless borrowers. How do you avoid running into one or more of these killers. Who is the Dalek the credit world? Year after year this killer exterminates borrowers. Even if your credit history shows that you pay on time that won't stop this killer from exterminating your credit score. How do you cure sexually transmitted poor credit history before it does any more damage. Why putting a Notice of Correction on your credit files is the same as walking down the high street with a plague sign stamped on your forehead? From April 2006 High Court Judgments (HCJs) now go on your credit files like any County Court Judgments (CCJs). Why will a single HCJ wipe out your credit score? Over the next couple of years Over Indebtedness is going to be a meticulous and prolific serial killer. This killer doesn't just strike when you're applying for credit. It also waits patiently like a sniper for its victim and then strikes. Its favourite victim, those who are fond of hammering and maxing their plastic into the ground. You are at your favourite shop and give the cashier the shoes you want to buy with your credit card. Even though you haven't exceeded your credit limit the cashier tells you your card has been rejected. Don't say that you haven't been warned. |
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Chapter Three - Rejected For Mainstream Credit?
Find the cause of your failure and you find the future seeds of your success. Always ask the lender why you have been rejected. The lender must always tell you the principle reason if you ask. Why you should always get a copy of all your credit files, not just the credit reference agency the lender has searched. It's also useful to keep a copy of your application form. How to do a post-mortem on your credit rejection? When should you appeal against a rejection? What information will you need to support your case? In certain circumstances it's a complete waste of time appealing. When should you apply elsewhere? When should you consider reapplying? When should you concentrate on rebuilding your credit rating? What is involved in this process? How to deal with CCJs, HCJs and Defaults? How to prevent CCJs, HCJs and Defaults? How to stop a Default Notice turning into a Default on your credit file? How to use "Tomlin Orders" in court to prevent CCJs and HCJs (High Court Jugdments)? When last did you look at your credit files? How do you know if there aren't any errors on your credit files, which are or could cost you dear? How to obtain compensation for those errors? How to make use of the modern equivalent of The Stocks when you want compensation? |
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Chapter Four - Identity Vampires & Body Snatchers
The ingenuity of these fraudsters to do mischief knows no bounds. There are new scams being hatched and executed all the time to get access to your personal information. The price of protection is awareness and eternal vigilance. Be aware of their constantly changing techniques. Be constantly vigilant in protecting your personal information from their clutches. Identity Vampires come in many guises. It could be criminal gangsters, burglars, insider fraud, your tenant, the new occupiers of the property you recently moved from. It might be a single opportunist. It could be a vengeful ex-partner, who you were fatally attracted to. Instead of boiling your dog they'll torch your credit score. It could be your parent; it could be your child. I kid you not. Dr Who isn't the only one who can travel through time. The Resurrectionists are back in business. Who are the Resurrectionists? How do you send them back to the dead? If you don't protect your deceased relatives they could end up resting in pieces instead of resting in peace. How could you be summoned to appear before Preston Magistrates for a road traffic offence if your car has never been anywhere near there and all the time your car was in London? Do you run a company? How do you file your documents with Companies House? If you file by paper why is that an open invitation to an Identity Vampire? The consequences of being bitten by an Identity Vampire aren't just limited to your credit score and your wallet. The implications can affect your livelihood, liberty and your sanity. An Identity Vampire can use your identity to commit benefit fraud, people trafficking, money laundering and terrorism. Paedophiles can use your identity. What do you need to do if you've been bitten? Sometimes getting your stolen money refunded from a bank is like getting blood out of a stone. Vampires fear crosses. What do banks fear? Find out how to use this to get your money back. |
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Chapter Five - Building Your Credit Scores
Those who seek to build good credit scores must build from solid foundations. Fail in that task then prepare to see your credit score fall like a pack of cards sooner rather than later. How do you build from zero? Have a structured plan to get on the credit ladder. Manage your credit well by cultivating good credit habits and you will climb the credit ladder. Juvenile delinquency is soon forgotten. Credit delinquency has a nasty habit of coming back to haunt you just when you thought all had been forgotten. Credit delinquency hits your pocket. Are you a UK resident, recent arrival in the UK from the EC or elsewhere or are you an Asylum Seeker? Whatever your status there's a path for you to follow. If you're a student you need to be creative in selecting and implementing your financial options. The right tools will allow you to restructure and pay off your debts after you leave university quicker than you think. That gives you a platform to build and maintain a good credit history. |
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Chapter Six - Maintaining & Improving Your Credit
Scores
Maintaining a good credit score will allow you to keep getting "best buys" and hence the lowest cost of credit. Improving your credit score will enable you to keep more money in your pocket. You need to keep the good credit habits you established when you were building solid foundations. Vampires gorge themselves on other people's blood. Mainstream lenders, especially credit card issuers, are constantly dreaming up new and slippery ways to divert your money into their already bulging pockets. If you fall for these snake oil salesmen your credit score will be damaged. Learn how to recognise the traps they set and how to avoid them. A week is a long time in politics. Just because your credit rating is good today doesn't mean it will be good in a couple of months. Anything that can go wrong will go wrong at some stage; Murphy's Law. Getting the right advice on the most appropriate insurance option in your circumstances is essential. It will protect you from financial disaster and maintain your credit rating. Thou shalt not obtain Payment Protection Insurance from your lender. Failure to obey this commandment will lead to severe damage to your wallet and in due course your credit score. Anything that's bad for your wallet sooner or later is bad for your credit score. Evolution in the context of credit scoring is a three way process. Your credit score can improve and go upwards. With good habits and luck it can bump along at the top with slight variations here and there. With bad habits or bad luck it can also descend backwards to the Stone Age at the speed of light. |
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Chapter Seven - Low
Cost Credit Options for the Financially Excluded
Alternative lenders come in many guises. Pre-eminent among them is Provident, the Lord High Priest of doorstep credit. Alternative lenders are just as ruthless as any religious cult in exploiting their captive followers. The disciples of alternative lenders and loan sharks are forced to throw themselves on the mercy of these credit grantors for lack of knowledge of reasonable alternatives. These lenders are only too willing to welcome new converts. Month by month, year after year their interest rates and other costs will leave you financially crippled. Very little money left over to feed your family. Find out how to unchain yourself and be deprogrammed. Lessen your dependence on and eventually escape from the alternative lender cult. Learn about the different types of low cost credit alternatives. Understand the type of borrower that affordable low cost credit providers are looking for. If you don't you'll be rejected. Learn how to access grants (free money). Fuel bills ain't coming down any time soon. There's more chance of Elvis coming back. Learn about ways out of fuel poverty. Affordable insurance. New ways of getting personal bank accounts. Miscellaneous options for alleviating financial exclusion. How to shop on the internet, phone or mail order without a bank account or credit card? |
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Chapter Eight - Deal
with Debts Before They Deal with You
He who stick head in sand get's major pain in backside. "Give us back our money Englander. We have ways and means of making you pay. Do not force us to be unpleasant Englander." If you don't want the Debt Collecting Gestapo on your case learn the things you need to do regardless of any option you take to deal with your debts. Find out how lenders can turn unsecured debts into secured debts. Learn how to stop them. What is Sexually Transmitted Debt? How do you get infected? If you don't want your wallet, credit score and relationship ravaged learn how to avoid contracting it. Like its more famous counterpart it's very painful to cure. "Are you or ever have been a member of the Bankruptcy Party of the United Kingdom? Answer the question sir." Find out why even if you were discharged from bankruptcy 20 years ago that can still be held against you when you apply for a particular type of credit! If you are a gambler and you become bankrupt find out why you could remain bankrupt for up to 15 years! |
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Chapter Nine - Options
for Monitoring Your Credit File & Agreements
The different reasons why it's important to constantly monitor your credit. Not just because you've been rejected or been bitten by Identity Vampires. Learn the different options for monitoring your credit situation. The pros and cons of each in terms of speed, cost, convenience and practicality. What do Cristiano "the winker" Ronaldo, Experian and Equifax have in common? They're all one trick ponies. Why? Find out how to get your credit files free all year round and not just on a 30 day free trial basis. What do Egyptologists and credit alerts on your mobile or e-mail have in common? You need to be good at hieroglyphics. When you get alerted it simply tells you that there has been a change on your credit file. If your credit file is normally 10-15 pages long because of your previous credit agreements then try spotting the new lender. Find out the usefulness or otherwise of credit scores from the credit reference agencies. |
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Chapter Ten - Making
Your Credit Applications
What are the two most important questions you need to ask yourself whenever you apply for any credit? How to be disciplined and systematic in applying for credit. How to minimise unnecessary credit searches, especially with mortgage applications. If you don't then your credit score will be exterminated.Why it is wiser to apply for credit for credit before you move rather than just after you have recently moved. Some of the ways and means lenders catch application fraudsters. Why you should be careful about applying for credit in the run up to Christmas or Easter? |
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| Be aware of all the latest scams with an extra eighty fact busting pages. If your streetwise then you can defeat the scam merchants and keep your sanity. The following scams are covered in the bonus chapters of Even The Score. | |
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