As bestselling Rich Dad/Poor Dad author Robert Kiyosaki says, "Good debt makes you rich, and bad debt makes you poor."
The ABCs of Getting Out of Debt provides the necessary knowledge to navigate through a very challenging credit environment. A Rich Dad's Advisor and best-selling author of numerous business books, Garrett Sutton, Esq. clearly writes on the key strategies readers must follow to get out of debt. Unlike other superficial offerings, Sutton explores the psychology and health effects of debt. From there, the reader learns how to beat the lenders at their own game, and how to understand and repair your own credit. Using real-life illustrative stories, Sutton shares how to deal with debt collectors, avoid credit scams, and win with good credit.
"The reason Garrett Sutton's book is so important is that like it or not, debt is a powerful force in our world today. The financially intelligent are using debt to enrich themselves while the financially uneducated are using debt to destroy their lives."- Robert Kiyosaki
The times call for a book that offers hope and education on mastering credit and getting out of debt.
To learn more visit: RARIPublishing.com
About the Author
The Founder Of Corporate Direct And Sutton Law Center, And Bestselling Author Of 7 Books, Including: Start Your Own Corporation, Loopholes Of Real Estate, Writing Winning Business Plans And Run Your Own Corporation, Buying And Selling A Business, And The ABCs Of Getting Out Of Debt And His New Book, Scam Proof Your Assets.
He is also a Contributor to More Important Than Money, An Entrepreneur’s Team. Sutton is a nationally acclaimed corporate and asset protection attorney.
A graduate of the Universityof California, Berkeley, and Hastings College of the Law, the Universityof California’s law school in San Francisco, Garrett has written a number of books guiding entrepreneurs and investors.
Since 1988, Sutton’s Corporate Direct and Sutton Law Center have provided affordable asset protection and corporate formation and maintenance services for investors around the world. Sutton and his work have been featured on FOX and Friends, ESPN Cover Your Assets Radio Show, Think Realty Podcast, Forbes, and other media.
Learn more about Garrett Sutton ESQ at corporatedirect.com
Read an Excerpt
One of the reasons this book is so important is that it is important to be financially responsible and to use the power of your credit and debt intelligently. Before turning you loose into this book, I would like to pass on three bits of information my rich dad taught me years ago.
1. Bad debt is easier to get than good debt. If any of you have ever tried to get a loan to buy a rental property or to start a business, you may know how difficult it is to get a loan for investment. Yet if you want a car loan or a new credit card, credit, debt, and money are easy to come by, even if you have horrible credit.
2. Bad debt makes it harder to get good debt. If you have too much bad debt, and you want to begin using the power of debt and credit more intelligently, like for starting a business or investing in rental property, bad debt makes it harder for you to get the good debt and hence to become richer. One big reason this book is so important is that getting rid of your bad debt is an important step toward you becoming richer and more financially free.
3. Debtors can get rich faster than savers. Many people think that saving is better than borrowing. In fact, I know that many people work hard to save money and get out of debt. In reality, it is those who save and get out of debt who fall behind those that borrow and get into debt.
Table of Contents
Foreword: I Love My Credit Cards Robert Kiyosaki xi
Part One Credit and Debt
Chapter One An Introduction to the Credit System 3
Chapter Two The Psychology of Debt 9
Chapter Three Health Effects of Debt 15
Chapter Four Beat the Lenders at their Own Game 19
Chapter Five Debt Consolidation 35
Chapter Six Getting Help 43
Part Two Emergency Measures for Crisis Debt Situations
Chapter Seven Car Loan Troubles 61
Chapter Eight Mortgage Troubles 67
Chapter Nine Student Loans 75
Chapter Ten When you Owe Taxes 81
Chapter Eleven Military Matters 85
Chapter Twelve Debt Collectors 89
Part Three Great Credit
Chapter Thirteen Credit Reports 105
Chapter Fourteen Credit Scores 127
Chapter Fifteen Credit Repair 149
Chapter Sixteen Common Credit Report Problems 171
Chapter Seventeen Scams 187
Chapter Eighteen Winning with Credit 203
Appendix A Sample Letters 207
Appendix B Worksheets 213
Appendix C Resources 221