Book Review: Unlock the Power of your Credit Score

Book Review:

Unlock The Power Of Your Credit Score

 - by Aman, Arun & Gaurav

I'd never heard of the word 'credit score' in my life. Interestingly, I happened to come across this book that speaks only about "credit score"; and I had no idea what am I going to actually read about. It was not just the cover that prompted me to read, but also an inquisitiveness that was aluring.....

I opened and began reading, without any expectations, with an open mind. I found the contents to be very useful and even educative. The book educates you about credits, loans and how do people unknowingly, unintentionally default on their loan re-payments. There are several wrong 'assumptions' inside our heads [read: Indians] about things. We continue to live our lives, around these silly 'assumptions'. This book clarifies and demystifies most of the assumptions related to credits and loans. It helps you become a good borrower, knowing that the borrow-lend is an official and operational business in our country! 

I have never taken a loan ever in my life until now, and it is clear that there will be no such "need" even in future! Nonetheless, I cannot ignore the fact that scores of people are servicing loans, credits and paying fixed sums of money for several reasons on monthly basis. [Whatever their 'purpose' may be]. In view of this fact, there are several mainstream and parallel - credit and related - businesses running full scale in India. For eg. the Bureaus, that maintain the massive database of those who indulge in loans, help borrowers and lenders to connect effectively. 

This book, written in a simple, lucrative language, that can be easily percepted by layman, unknown to credit terminology, is a wkipedia of loans and credits. For me, it taught me how never to default on one's payments, how to manage your finances properly, how not to hurt your loan objectives, and a lot more. 

I would strongly recommend this book to anyone who is interested in or working with the finances, loans, insurance or credit sectors. This is a book, must-read for all Indians who have ever taken any loan in life or are looking forward to seeking a loan in future.

Thanks.

Shivani Sharma

- Content Writer