This issue introduces a new program that will help with business credit. I
have checked it out and found it to be very well done. Additionally, the authors
of this program have invited us to a teleseminar on the topic.
The Federal Reserve reported that consumer credit increased 4-1/2 percent in
2004. In the fourth quarter, consumer credit rose at an annual rate of 3-3/4
percent, down from a 6-1/4 percent rate in the third quarter. In December,
consumer credit increased at an annual rate of 1-3/4 percent. Total outstanding
consumer credit is at $21.45 trillion and climbing!
Regards,
Scott
They Raised My Rate
by Scott Bilker
Hi Scott,
Your books are great! I own 3, and have recommended them to all my friends!
I have a credit card with a $75 annual fee that I was happy to pay because
the interest rate was fixed for years at Prime + 0% for all types of
transactions (purchases, advances, transfers). I called the card issuer last
week for some routine issues, and happened to ask what my rate was. It was
raised to Prime + 4! The operator said they sent me a notification letter last
year, but couldn't tell me why the rate had changed. I don't use this card much,
but it's my highest limit card, at $25,000, so canceling it would be drastic for
my utilization rate and FICO score. I tend to use my Amex card--$45,000 of
purchases charged and paid off monthly last year, $35,000 the year before,
according to the annual summary they send out.
The operator said I could fax a copy of my Equifax credit report to them and
hope for the best, but this seems like a long shot.
"I have recently found your book Talk Your Way Our of Credit Card
Debt, and it has really helped me. I have had excellent credit until very
recently. I had an automatic payment through the credit card. A few months ago,
the minimum payment was $3 over what I had set as the auto pay. I had not
noticed that there was a difference until too late. This one time problem cause
my interest rates to go up from 3.9% fixed balance transfer rate and a 13%
purchase rate to 24.9% and 5.9% fixed balance transfer rate and a 10.9% purchase
rate to 27.9%! It affected more than just the one card. I read your book and
called customer service on all of my credit card today. I had amazing success.
Most of my interest rates went back to their original rates and a few I was able
to get lower! One account would not budge, so I transferred to a lower rate.
Thank you!!!! You have save me a bundle of money!"
--R.J.
Featured Credit Cards Can Save You Money Now!
by Scott Bilker
Your
best defense against any one bank is to have credit options--to be able to
transfer your balance to a lower rate. That's your only real power against high
fees. That's how to be DebtSmart®! Make the banks fight for your business! Be
sure to add this web page to your favorites list so you can keep applying for
new credit when you need it. Which credit card is right for you? Select from the
list below and apply online right now!
Insider Secrets of Business & Personal Credit
Review by Scott Bilker
Earning more money is a topic I always touch on. Investing in your ideas can
be the key to your financial success and that ultimately means paying off debt!
One of these approaches is to start your own business. One of the hurdles to
this plan can be funding that business.
Garrett Sutton, an attorney who specializes in helping small businesses, as
well as an author with Robert Kiyosaki, best-selling author of the Rich Dad
series of books, and best-selling author, Gerri Detweiler have put together a
program to help get top-notch credit for your business!
The program includes a workbook, 2 audio CD's, plus bonus reports and business
service discounts. Gerri sent me a copy to take a look at, and I certainly
believe that she and Garrett have done a great job putting together just the
right information for business credit success as well as personal credit, which
is why I want to make it available to you through DebtSmart!
You're invited to a special Teleseminar with Garrett Sutton and Gerri
Detweiler
Compliments of DebtSmart.com
Mark your calendars! Wed. March 16th at 5:30 PT, 6:30 MT, 7:30 CT, 8:30 ET.
You're invited to a special teleclass where attorney and author Garrett Sutton,
and credit expert and author Gerri Detweiler will answer your questions about:
*Building or rebuilding your credit
*Best ways to build strong business credit
*Choosing the right legal structure to protect yourself and your business
With a special guest who is going to reveal a cutting edge new way to build
business and personal credit...and even raise money for your venture!
This is your chance! These experts normally command large fees for their
services. Now you pick their brains without paying them a dime! You'll have the
opportunity when you register to submit your questions.
There is no charge for the teleseminar, but you must register to receive the
phone number and access code.
"CardRatings.com has been offering ratings of credit cards since 1998
and has been featured by Good Morning America, The Wall Street Journal, Consumer
Reports®, NPR, PBS, etc. Thanks to consumers like you, CardRatings.com has
become the most comprehensive free source for comparing credit card
offers."
10-Minute Tasks to Help You Save Money
by Nancy Twigg
Many people use the excuse that they are too busy to make any extra effort to
live frugally. But even those of us who are the busiest can find an extra ten
minutes here and there if we look hard enough for it. Here are five quickie
tasks you can do anytime that will help you save money.
Helping you with your debt is very important to me personally! If you've been
reading my articles, you know that I always encourage self-help as a first step.
However, being buried in debt can be very overwhelming, which is why you may
want to explore other options.
One of those options is professional, ongoing help with credit counselors.
I've started to personally check out certain companies so I can recommend the
ones that are worth considering!
If you would like to speak with a representative from a...
Protecting Your Credit Following ID Theft: A Step-by-Step Plan of Action
by Pammila Phillis
Changes in the FCRA (Fair Credit Reporting Act) regarding identity theft are
presented here. Further detailed information can be found at the Federal Trade
Commission site, under "Fair Credit Reporting Act." This is just a
general step-by-step guide to start the process.
The author(s), Press One Publishing, and DebtSmart.com shall have neither
liability nor responsibility to any person or entity with respect to any loss or
damage caused, or alleged to be caused, directly or indirectly by the
information contained in this email newsletter and/or at the DebtSmart.com web
site. The information, methods and techniques described may not work for you and
no recommendation is made to follow the same course of action. Every effort has
been made to verify the accuracy of all content contained herein. However, there
may be mistakes; typographical, mathematical, or in content. This email
newsletter and the DebtSmart.com web site have been created for your
entertainment only. You must always seek the proper professional advice before
taking any financial or legal action. You have been warned.
Subscribe FREE and start
finding new ways to save
money and pay off your debt.
"The DebtSmart Email
Newsletter is packed with
cutting-edge strategies for
solving credit problems. I
highly recommend it."--Gerri
Detweiler, radio host and
author of The
Ultimate Credit Handbook
