A short list of Amazon’s best books about debt relief, credit repair and increasing your credit score
I destroyed my credit in my early 20s and it was only be reading books about debt relief and credit repair that I was able to claw my way back to financial freedom. I ended up adding 140 points to my credit score in just four years, using many of the same strategies you’ll find in the books in this list.
Before you buy any of these books on getting out of debt looking for an easy solution, any legal strategy is going to take a little effort and at least a few months. Even the dispute letter system highlighted in a few of the books involves multiple letters sent to credit bureaus and creditors.
Don’t expect an instant solution from any of these books.
What you can expect is quality advice on how to pay off debt, how to improve your credit score with credit repair strategies, how to negotiate debt relief and how to manage your spending habits so you’ll never be a debt disaster again!
Best Books about Debt Relief
Jeff Rose, one of the most respected advisors in my financial bloggers’ circle, teams up with Ben Edwards in Get Out of Debt Like the Debt Heroes. The book explores 19 real stories and some amazing ideas that helped pay off a combined $1.7 million in debt. Each story includes how they got into debt, what they did to pay it off and the tools to destroy your own debt.
I love step-by-step books and Ashton Pereira lays it all out in Debt-Free and his 9-step system to get out of debt fast. It’s shorter than most of the other books on the list at 38 pages but cuts right to the process for paying off debt and reaching financial freedom. The book also includes a free link to Ashton’s guide to making money online.
Tiffany ‘The Budgetnista’ Aliche is speaking at an upcoming financial bloggers’ conference so I just had to read her Live Richer Challenge, a hugely popular book on Amazon with over 100 five-star ratings. The book isn’t just about debt but challenges you to turn your entire financial life around in five weeks. I love how the book is laid out by week, tackling everything from your money mindset to budgets, credit and investing.
Best Books for Getting Out of Debt
Just released this month is Lauren Greutman’s The Recovering Spender, a personal story on how she learned to curb her spending habits and get out of debt. Lauren has appeared on The Today Show, Good Morning America, Fox & Friends and just about every other TV and internet site sharing her amazing story of going from debt disaster to financially flush.
I don’t agree with all of Dave Ramsey’s ideas on personal finance but The Total Money Makeover is one of the most inclusive and popular books about debt. Nearly 2,800 people have given the book a five-star rating, making it an Amazon best-seller in multiple categories. One of the biggest problems with books about personal finance is that they aren’t always the easiest reads. Dave does a great job of making personal finance entertaining which helps in trying to get all the way through the book and put your finances back in order.
Jerrold Mundis shows you How to Get Out of Debt, Stay Out of Debt, and Live Prosperously in a book The Wall Street Journal called a ‘must read’. The author is a recovered debtor and modeled the book on the Debtors Anonymous program. The book is great for readers looking for easy-to-follow lists within topics like recognizing warning signs of debt, negotiating with creditors, identifying spending blind spots and paying off debt.
Don’t ruin your credit with debt negotiation and hiring a debt settlement company that is only going to tell you to stop paying your bills. Mandy Akridge puts the process in your hands with Negotiate and Settle Your Debts. This debt settlement strategy includes actual data on what banks will accept as settlements and template letters to send to creditors.
Best Books about Credit Card Debt
In what is easily the best title I’ve seen in a book about credit card debt, Gerry Marrs shows you How to Legally Rob Credit Card Companies. The book promises guerrilla tactics that can literally cut your credit card balances in half and a strategy to pay your debt off fast. Not only does the book help with ways to pay off debt but it’s a credit repair book as well with chapters on understanding credit and credit score factors.
How to Remove ALL Negative Items on Your Credit Report is a short (64 pages) but powerful book on credit repair. The book gets right into the strategy to get everything from late payments, charge-offs and even bankruptcies wiped from your credit report. The #1 Amazon book in the Bankruptcy category with several reviewers reporting increases in their credit score of 70 points or more.
Debt-Proof Living is another of the most popular books about debt on Amazon with more than 170 five-star ratings. I’m not quite as debt agnostic as Mary but the book does a great job of breaking through the idea that you need debt for a consumption-driven lifestyle. A strong book for anyone that just wants the peace of mind from being debt-free.
Best Books about Credit Repair
Tamara Rasheed goes beyond the other books about credit repair with Better than Credit Repair: The Handbook of Credit Mastery. The book promises no more credit repair quick-fixes but an action-based handbook for personal credit. The credit repair book goes into all the common strategies but also shows you how to use credit cards to increase your credit score and a payment plan that can actually lower your interest rate.
Hidden Credit Repair Secrets offers another letter dispute plan to get negative items off your credit report and improve your credit score. Mark Clayborne outlines a six-step process for removing judgements, collections and charge-offs from your credit report. You get more than 15 sample letters ready to go and credit repair strategies that work.
Your turn. What are your favorite books on debt relief, credit repair or getting out of debt? The 12 books above are some of the most popular on Amazon and by some of the most respected names in personal finance. I’ll be updating the list regularly with new books but it will be tough finding personal finance books better than these.