My Credit Tutor
Learning the ABC's of Credit
by
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My Credit Tutor, Learning the ABC’s of Credit by Linda Mehrtens. Credit! What is it? Why do we have to have it? How do I get credit? How do you survive without it? These questions are very common and can be answered in My Credit Tutor, Learning the ABC’s of Credit. This easy to read book will provide you with the information to get you started. It will help you to understand why credit is so important. It will give you insight into what the lenders are looking for and how you control your own credit destiny. Provided within this self help book are tips, suggestions, and the information that will help you get the best loan possible. You will be able to understand the banker. Know what he knows. You will have the power to work the best finance deal from an automobile dealer. Wouldn’t it be nice to have the upper hand when going to buy a car? The section on automobile dealers and their finance office techniques will be very beneficial to you when it comes to your next new car purchase. Don’t worry about the dealer in the plaid coat any longer. He’ll be afraid of you now! There is a chapter dedicated to Mortgage Lending. You will learn about mortgage loans as well. There is nothing quite as upsetting and scary as purchasing a new home, especially if you are unfamiliar with the loan terminology and the different loan options that are available to you. But don’t fear I’ll help you to learn just what you need to know when it comes to a new home purchase. I’ll help make you a savvy real estate buyer. Credit cards, unsecured lines of credit, home equity loans, credit scoring information and more, are also included in this book. Information is the key to everyone’s success. Don’t be a pawn in the credit game any longer. There are many forms of credit and many ways in which a lender determines credit worthiness. In order to begin, we must first learn one very important lesson when it comes to credit. We must always strive to protect our credit history and maintain ourselves in a position where financial institutions are competing for our loan business. You always want to be in the driver’s seat when it comes to a lender giving you a loan. This provides you with the power to get better interest rates and better terms. The lender needs you, and you need him. Without good credit you do not have any bargaining power. You are at the lenders mercy and there is no better feeling than knowing you can go anywhere and get the loan with the terms you want and not have to take what they say you must have. Now with everything in life, we don’t always get what we want. You will be denied credit some time in your life. Just remember not to take it personally. Every financial institution has policies and guidelines they must follow and if you don’t fit their particular credit mold, just move onto someone else. My Credit Tutor will discuss credit scoring. Your credit score is a three digit number that is an indicator of your credit worthiness. It indicates if you are a higher than normal risk to pay back a loan. This score is just one tool that a bank or lending institution can use to gauge its level of risk if you are approved for a loan. The higher this score number, the less of a credit risk you are to the lender.
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Credit! What is it? Why do we have to have it? How do I get credit? How do you survive without it? Inside this book you will understand why credit is so important. You will learn to control your own credit destiny. There are tips to help you get the best loan possible. You will learn how to work the best finance deal from an automobile dealer. You will learn about mortgage loans; enough to make you a savvy real estate buyer. You always want to be in the driver's seat when it comes to a lender giving you a loan. Do you feel that you just can't make ends meet anymore? I'll discuss some credit alternatives or financing solutions. What are the things to really look for in a credit card? How do you know which card is best for you? Information is the key to everyone's success. Remember you create your own credit destiny. Don't be a pawn in the credit game any longer. All this and so much valuable information is right at your fingertips.
Linda Mehrtens is a 1982 graduate of McKendree University in Lebanon, IL with a Bachelors degree in Business Administration and a Minor in Marketing and Management. She has also completed the GMAC Finance Manager Training School in Detroit, Michigan and the Rex Johnson University of Lending program in Chicago, IL. She has been working as a Senior Manager in Banking and Finance for over 30 years. She has been an instructor for the American Institute of Banking and has been directly involved in the development of dozens of lending professionals in Banks and in Credit Unions. She has developed many successful lending products and has worked with hundreds of automotive dealers. Her innovative teaching techniques have been used by many individuals in the lending field. Her knowledge of credit has helped her to counsel hundreds of individuals in how to handle their credit. She has advised many consumers on how to establish credit, how to bundle their debts for easier payment as well as how to help consumers get out of debt. She has been instrumental in helping consumers avoid bankruptcy and get their lives back on track. Her direct, hands on, experience in lending has made her an invaluable expert on credit review and analysis.
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