You know those "Dummies" books that give you the basic information that you need to know about a topic? Well there is one that has had to be updated recently because so much has changed from the time that the first edition was released that people reading the book were in need of updated information. The second edition of the Credit Repair Kit for Dummies is out this month to assist people who have had recent troubles with their credit due to changing economic and real estate issues.
There were many new issues addressed in the new edition of the book. One of those is the role that reverse mortgages are playing in dealing with credit repair. Although this isn't a primary topic of the book, it is notable that it discusses the topic at all, revealing the importance of the reverse mortgage in the credit industry today.
The main area of the book in which this topic is discussed is the section that provides advice on getting counseling to assist you in dealing with your credit problems. After all, a Dummies book can only get you so far! You really need financial professional advice to work through some of the questions that will come up. The book provides tips on choosing and using a reverse mortgage counselor.
Question of the Day: How has the reverse mortgage impacted the advice given to consumers about credit repair?
