Credit Basics Training

About the Book

Within this book we will describe some of the different types of loans available in the marketplace. An overview of information about financial services will be provided, so that you can select a program you feel best services your financial situation. Many of the rules and regulations that the financial institutions must abide by will be defined. There will be a section that discusses some of the pitfalls to avoid when entering into a financial transaction. There will be a section on how to maintain your debt. There will also be a section on credit bureaus, which will give you some education about credit bureaus.  A section that explains what happens to your credit, when your debt is out of control, or you have a financially difficult time. There will also be an overview of what the financial institution can and can not do.

There are times in everyone’s life when they would like to purchase something that they do not have the cash to purchase the item with. Therefore, there is an alternative; you can enter into a financial credit transaction. There are many types of loans and many ways in order for the financial institution to make money on your transaction. There is of course an acceptable level of cost associated with any financial transaction. The key is to understand loans and some of the terminology, so that you can make an educated decision.  A simple credit transaction involves borrowing an amount of money in order to purchase something or spend money on something that you normally could not afford to purchase without the loan.

About the Author

I have been in the lending industry for 21 plus years. I started as a teller, cashier, customer service, collector, loan officer and moved onto a branch manager position and then a district manager. After that to a director of compliance for a retail lending company. Then I went into operations management in the wholesale industry and on into a bank retail operation, first for sub-prime and now prime.

The most important thing about my experience with credit has mostly been on the job. I went to a 2 yr junior college and majored in finance but then found a position in finance and off I went to achieve  it all.  I have taken many classes on line during the past several years, which just keeps me up to date with technology and the industry. I have taken Regulatory classes but did not  get certification. You could say that most of my experience is from being in the trenches.

I have a high ethically nature and found many times in my career that some people would take advantage of the customer in order to succeed. I was very successful, but I always sold my products and told my customers exactly what they were getting. This is one of the reasons I wrote this book, I found that many people have been taken advantage even throughout the industry. This is not from one company it is more about the individuals at the many different companies making the commissions off of their sales.

I hope to at least establish a basic knowledge for those you don’t know much about credit and some hints for those that do. I also hope to provide ways for people to research other topics and hopefully when to know if you are being taken advantage of.