Has anyone read the book “7 Steps to a 720 Credit Score” by Philip X. Tirone? Is it worth it?

Blue Angel: Has anyone read the book “7 Steps to a 720 Credit Score” by Philip X. Tirone? Is it worth it?
I’m wondering if this book is actually instructional or if it’s just a narrative type like Rich Dad, Poor Dad.

Answers and Views:

Answer by DebtWillEatYouAlive
I can save you the money by giving my answers to his questions:

* A dirty little trick that credit card companies use to lower your credit score to keep their competitors away from you; learn if you’re a victim of this, including how to fix it.

This trick is cards like CapitalOne don’t report your credit limit, only your high balance. This can make your utilization appear higher. To see if you are a victim of this look at your credit report and verify that the reported credit limits match your actual credit limits. Fix it by either getting rid of those cards or disputing the information with the credit bureau.

* Which errors on a credit report are a waste of time to fix and which are a high priority (helping you to raise your score by 5, 10, 15, 20 points at a time).

Bad advice, if you see an error go ahead and get it fixed. The low priority items are inquiries greater than 6 months ago and pretty much any incorrect but positive item. Negative items are obvious, late pays, etc.

* How to build credit (if you have none) and rebuild credit if you’ve gone through a divorce, bankruptcy, or other major delinquency.

Small secured bank loan, secured credit card, small car loan. Make sure they report.

* Why you should NOT become a cash-only citizen; at the same time, learn how to keep credit active without putting yourself into debt.

Credit is handy, no reason no to keep some credit cards around, no need to do more than place an occassional charge on them to keep them active. No need to ever pay interest.

* How paying collections can HURT your credit score.

It re-ages your account.

* How to prepare for a loan by improving your credit score.

Reduce utilization (either increase limits or pay down cards), age off inquiries (more than 6 months and they don’t matter). Dispute off negative items.

* How to maintain a high credit score for the rest of your life!

Pay your bills.