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The Friendly Banker
By Richard Baughman
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Credit cards can be as hazardous to your financial health as cigarettes are to your lungs, says Richard Baughman, and credit card companies will lure you in and keep you hooked more effectively than Joe Camel.
During nearly thirty years as a loan officer at a number of Canadian banks and trust companies, Richard Baughman handled over 50,000 credit applications, and he learned that most people put less thought into shopping for a loan than they do into shopping for shoes! Naively believing that customer loyalty carries weight with the banks, or that credit reports are clean just because payments are on time, can set you up to be one of the millions of Canadians who will retire into poverty.
The Friendly Banker shows how to escape debt and build wealth rather than lose thousands every year in interest to banks and credit card companies. The first rule is: PAY DOWN CREDIT CARD DEBT. In one of many easy-to-follow charts that appear throughout the book, Baughman clearly illustrates how paying off a measly $2,500 credit card balance can take up to twelve years! Once free of the financial industry's answer to tobacco, you will be ready to apply for a mortgage or other large loan, and Baughman will show you how.
The way a bank evaluates you is crucial in negotiating for a loan or obtaining pre-approval for a mortgage. Baughman provides clear instructions on preparing for a conversation with a loan officer, including which documents to bring. He clearly explains how to obtain a copy of your credit report and how to correct any mistakes that might appear there through no fault of your own. He also describes the packaging and marketing of mortgage and other loan products, and how to compare them to obtain the true costs of borrowing. Baughman reveals the hidden costs and false bargains associated with mortgages that many unfriendly bankers don't want you to know about.
Richard Baughman truly is The Friendly Banker we all would like to know, uncovering the real cost of borrowing — through case studies, examples and charts — while explaining how, by borrowing better, Canadians can invest in their future.
Praise for The Friendly Banker
"How refreshing to finally have this information coming from the banker's side of the desk."
— Terry MacLeod, CBC Radio
"Of tremendous value, if not life-changing for the reader."
— Brian Tracy, Author, Maximum Achievement
"The Friendly Banker is a great book filled with excellent advice. What a thrill it is to see it in print. I'm sure it's going to be a smashing success."
— Sheldon Bowles, Co-Author, Raving Fans, Gung Ho and Big Bucks!
Read more about Richard Baughman »
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Personal Finance ·
Canada $19.99 ·
Trade paperback
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1-895837-47-2
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240 pages
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6" x 9 "
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Insomniac Press
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