• Douglas U Idugboe - Author - Credit Miracle for Canadians

    I bought this book - Credit Miracle for Canadians after one of our members recommended it to me.

    This book contains some fundamentals of getting out of debt, and that's why I thought it would be important to review.

    The goal of this book is to help Canadians build or rebuild their credit. It also has the goal to put us into good standings with the banks and make them "beg us to borrow from them"!!

    I like the book because it covers some aspects that my DIY Credit Repair Ebook for Canadians doesn't offer. My ebook is more about doing credit repair and fixing items on your credit report.

    Credit Miracle for Canadians has more of a full version of doing credit repair, AND then paying down debts, saving up money and getting in good shape for future lenders.

    I can empathize with Douglas U Idugboe, in that I have spent hundreds of hours as well researching and learning about the credit system in Canada.

    I would recommend this book to our readers as it is a good reference manual to have.

      Chapters 1 to 7 are as follows:
    1. The Credit System
    2. Credit Bureaus
    3. Evaluating Your Current Credit
    4. Establishing A Strong Credit
    5. Repairing Bad Credit
    6. Making Good Credit Better
    7. Dealing with Banks
    Video of Douglas U Idugboe, author of Credit Miracle for Canadians

    Duration: 9:30 minutes



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2 Comments
On Jan 9, 2009, Monty Loree Said:
wow... i just saw this on Canada.com

Financial self-help book author faces fraud charges
Court appearance scheduled for today


Friday » January 9 » 2009

Financial self-help book author faces fraud charges
Court appearance scheduled for today

Suzanne Wilton, with files from Kelly Cryderman, Calgary Herald
Calgary Herald

Tuesday, April 22, 2008

The author of a book touted as the definitive Canadian guide to achieving financial freedom is facing multiple charges relating to mortgage fraud and identity theft.

Douglas U. Idugboe released last year Credit Miracle for Canadians, a book that tells the quintessential rags to riches story of a Nigerian refugee who arrived here with $5 and, in the decade since, amassed a fortune in real estate. The book, billed as a best-seller, explains how to get out of debt, build or repair your credit rating and devotes an entire chapter to identity theft.

Calgary-based Idugboe boasts that he learned "the ins and outs of what it took to get a loan," and had banks begging him to borrow money from them.

"Canada has been the land of opportunity," Idugboe says on a website promoting his book, which is available at major retail outlets such as Indigo.

Calgary police allege that this country has in fact proved to be a land of opportunity for Idugboe -- opportunity for crime.

Idugboe was charged earlier this year with multiple fraud-related offences and identity theft between 2005 and 2007. According to court documents, the victims are several financial institutions. As well, he is accused of having in his possession a driver's licence and other documents in a name belonging to someone else. It's alleged those documents were used to obtain credit.

When contacted at his northeast Calgary home Sunday night, Idugboe denied the charges.

"I don't know where you got that," he said.

When told the information came from documents obtained in court, Idugboe said: "I don't have any information about that."

He then hung up the phone.

His demeanour was a departure from the affable man who sought publicity from local TV stations last year, promoting himself and his book in interviews following its release.

In one local interview with Shaw Cable, Idugboe said he learned the secret to financial success soon after coming to Canada in 1999.

"I came to Canada with a huge load of dreams, aspirations and, equally, desperation," he said, adding the key to his own success was an education in the country's financial systems.

"Money is a game and you cannot play the game without knowing the rules," he told the interviewer.

Idugboe is accused of using false documents to obtain mortgages from several banks, an allegation that stunned the distributor of his book.

"It's the first I've heard of it," Bill Belfontaine, president of Toronto-based White Knight Book Distribution Services Ltd., said Monday.

"We assume that people are honest when they come to us. We don't check everybody's character," Belfontaine said, noting his company distributes 300 to 400 books each year.

"We're not a filter of a book's content. We didn't do the edit on it. It was sent to us as a finished book."

Belfontaine said Idugboe's book has sold no more than 2,000 copies countrywide. He said he will have to look into the charges. "We sure don't want a book out there that doesn't live up to a certain standard."

Idugboe's success story has also served as inspiration to other immigrants from the country widely known as the home of the so-called Nigerian-letter scam and was featured on a website called Naija Motivation. The site says it was set up for the sole purpose of motivating Nigerians to discover who they are and thereby contribute their own quota to the development of that nation.

Idugboe, married with a child, says on his website www.creditmiracle.ca that he is the 23rd child of a 68-children African family and a first-generation Canadian immigrant. Aside from being an author, he describes himself as an internationally known speaker, motivator, financial coach, consultant and chairman of the board for Clonewave Corp., a multinational holding company.

He also promotes himself as the founder and president of QuickSuccess Training, "one of the quick result success training companies in North America today."

Idugboe says he began to learn about Canada's banking system shortly after his arrival here, after being turned down for a loan and discovering he needed to build a credit history.

Idugboe says he dreamed of financial freedom, and read every book he could find on the subject, eventually compiling his knowledge in his own book.

"Today, I am living that dream," Idugboe says on his website. "Today, I am living the life that I had wished for years ago.

"My financial and credit counseling became a full time consultancy. I was booked solid with clients who wanted to help get their financial lives in order. I was disappointed that I had to turn people away. Then someone made a suggestion: 'you need to put this into a book!' "

So, he says, he sat down and started to write, ending up with a book that offers a practical guide to getting rich.

"After writing it, I spent nearly two years refining it, honing it, sharpening it like a blade of information that could cut through debt like soft butter.

"I named it Credit Miracle for Canadians because that's exactly what it was: a miracle of information and effective actions that people could take to transform their lives . . . Credit Miracle for Canadians will become the manual to a better and more affluent future for you."

Idugboe says he's known for his "controversially correct statements."

"Where you are today is a result of yesterday's choices; where you will be tomorrow will be a result of today's decisions."

He is scheduled to appear in court today on more than a dozen charges.

swilton@theherald.canwest.com
© The Calgary Herald 2008


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On Jan 9, 2009, The truth Said:
This "author and credit expert" is undergoing fraud investigation.