I'll be skipping the scheduled email newsletter
edition for 4/6/05. The next issue of the DebtSmart Email Newsletter will
arrive on 4/20/05.
2)
I do hope that everyone who took part in the
business and personal credit success teleseminar had a great time! If you
took part, then please let me know what you thought.
3)
If you have been watching the news then you're
probably aware that the Senate is passing bankruptcy reform. This is going
to make it more difficult to claim a Chapter 7 Bankruptcy while leaving
loopholes for some wealthier individuals to hide their cash.
4)
Many online web sites offer "free"
credit reports. Of course, the majority of these sites are going to try to
up-sell you on other services. Well, the law has changed and everyone will
eventually be able to get their credit reports free pursuant to the Fair
and Accurate Credit Transactions Act of 2003. To get a free credit report,
consumers can log on here,
the official Web site created jointly by the three credit reporting
companies--Equifax, Experian and TransUnion.
5)
It's finally happened! Someone has been able to
spoof caller I.D.! That means that you may get a call where it says,
"Citibank" on the caller I.D. but it's really someone trying to
steal your personal information. The bottom line is that you shouldn't
give out personal information unless you initiate the call or are 100
percent sure you know who know who you're speaking with!
6)
Water Bill Delinquency. So I received a water
bill delinquency notice this week. Payment was due in January and it's
already March. I take a look at the bill and call the township. I said,
"I got a delinquency notice and I'm trying to figure out why..."
the woman responds, "Well, let me take a look..." I said,
"I know why, you're sending the bill to the wrong address. I'm house
#7 and you're sending it to #1." They had the right address on file
but it got changed somehow. I sent the bill in with a note that read,
"Please send bill to proper address to ensure timely payment."
That's all for now.
Regards,
Scott
How Do You Get that Loan Formula?
by Scott Bilker
Scott,
I read with interest your article, Amortized Loans. At the end of the
article you indicate the explanation of how to derive the formulae as being
covered in another article.
I wanted to thank you. I ordered your books a few weeks ago and read them
right away. I had an incredible amount of confidence when I called to get my
credit card rate lowered. It was so easy! They lowered my rate from 10.45% to
3.9% (for a large balance too) for the life of the balance, with no fees.
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!
Household Math™: Fast Pay Mortgage
by Scott Bilker
You have a $100,000 mortgage at 6% APR for 15 years. How many extra monthly
payments must you send each year to be able to pay off this loan in exactly 5
years? Note:All the extra payments are sent along with the year's last
monthly payment.
Avoiding The Credit Card Over-The-Limit Fee
by Jeffrey Strain
One of the most troublesome credit card fees that you can run up against is
the over-the-limit credit card fee. Unlike most other credit card fees where you
pay one time for the offense, after you breach your limit, you can end up paying
this fee month-in and month-out. Once you exceed your credit card limit, the
over-the-limit fee is an automatic, computer generated fee that will be applied
to every statement until your bring your credit card balance below your limit.
While these fees typically range between $25 and $35, they can be as high as
$40, which means you will be paying $300 - $500 a year for this fee all by
itself.
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...
Consolidating Credit Cards to One Account
by Scott Bilker
Hi Scott,
I am a recent college graduate and I have accumulated about
$4,000.00 worth of debt spread out in 4 different credit card accounts. I would
like to transfer all of the balances to an account with a lower APR to save
money and to make monthly payments more convenient.
The problem is that I have
not been able to be approved for a credit card with a limit of over $1500.00.
Besides having multiple cards near their credit limit, I have good credit and
always make payments on time.
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.
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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
