10 Biggest Credit Mistakes To Avoid: Free eBook

January 18, 2010 by Silicon Valley Blogger

For those who believe in using credit….

Because I don’t carry much debt (the only loan I really have is my mortgage), I am not a big expert on credit management. But this is not to say that I won’t need loans in the future. I’ve been exploring the possibility of starting a new business, and if that ever pushes through, then it’s likely that I’ll need a loan to get it going. So it can only be beneficial for me to keep my credit score at healthy levels and to learn what I can to manage my credit well.

There’s a lot of information out there about how to improve your credit score. You can certainly learn a lot by checking out the myFICO site which has an active forum, community, tools and products on this subject (we’ve also reviewed the myFICO products here). But if you’re looking for more of a concrete guide for helping you learn about your credit, you can check out the book 7 Steps to a 720 Credit Score. I was actually sent this book and some related products by the author, Philip Tirone. And since this is one area in finance I wanted to brush up on, I thought I would review the materials at some point.

Get a Free eBook: 10 Biggest Credit Mistakes To Avoid

Biggest Credit Mistakes ebook

But before I get into a full blown review of the 7 Steps series, I was given the opportunity by the author to pass along a free eBook that gives you a hint of what his products are about.

The name of the eBook is “10 Biggest Credit Mistakes To Avoid”, which you can sign up for through this link.

Since it’s free, you could add this to your arsenal of information on credit management. Some interesting points that are brought up by Tirone’s eBook and products: your credit score may not be “what it seems”. For instance, most of us don’t really know the difference between the scores we receive from various credit bureaus and lenders. That is, you can receive a score from one of the credit bureaus that can be 100, 200 or 300 points higher than the score that your lender ultimately bases your loan terms on, because your lender may use a different credit scoring system than what the bureaus use. This is crucial information, especially in light of today’s lending environment, so check out the eBook if you want more background.

By way of disclosure, note that Philip Tirone is a mortgage professional. The good thing here is that he offers an insider’s look at the credit industry (alternatively, having such a background may be construed as having a bias for lending practices). Still, he declares his position as one of educating people about managing their credit. If you sign up for the eBook, you will be receiving other offers on educational materials pertaining to credit management (e.g. additional product offers, concrete examples, case studies and strategies for maintaining, establishing and raising your credit score). Of course you are free to unsubscribe at any time. At any rate, I find this information timely and worthwhile, given the tight credit environment we’ve been currently facing. At some point, I’ll post a review of the related “7 Steps” products and tell you what I think.

Now while this post is really geared towards people who are interested in learning how to manage and maintain good credit, its premise may not be as suitable for that segment of society that decides to live on “cash-only” and that doesn’t value the need for having credit. In fact, if you’re not a fan of credit (I say this euphemistically given that many folks have emphatically sworn off it) and prefer to operate purely with cash, then you may not appreciate the points made in the 7 Steps series. Just a heads up. Personally though, I’m a credit user who has found this information quite useful.

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