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IN THIS ISSUE #144 |
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Publisher:
Scott Bilker |
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Editor:
Larissa S. Bilker |
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Assistant
Editor: Denise Troy |
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ISSN
1538-6740 |
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According to a
recent study by Demos and the Access Project, 29
percent of low and middle-income households with
credit card debt had medical bills to blame.
These households carried an average $11,623
debt, compared with $7,964 for those without
medical debt. |
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Letter from the Publisher
by Scott Bilker
fHi,
Well, I knew they would figure it out!
There's a loophole in the do-not-call list!
I have been receiving calls from
telemarketers saying that I filled out something online and they're
"getting back to me." Curious; I know I did not fill anything out.
Could this be an error?
Hardly!
I see only two possible solutions:
1) The companies are being
sold bad leads.
2) This is a made up ploy
for avoiding the do-not-call list.
You see, once you register your phone
number on the list, telemarketers cannot call you unless you initiate
the communication (or you're an existing customer).
Of course, politicians are exempt from
this law--hey, they made the laws--that's why!
Anyway, me thinks that companies are
using this "sorry for the error" excuse to get around the new rules.
Pretty tricky--but we're onto them!
Best,
Scott
PS: Go to the
National Do Not Call Registry to get your phones liberated from most
annoying calls.
What should I do with my money now?
by Scott BilkerDear Scott,
A few months ago, I purchased your books
and started reading your newsletter. It has really helped me to get a
grip on paying off my debt. Thank you!
Now, I have a big question for you.
Through the sale of my previous house, I will soon have just enough
money left over ($100,000) to pay off ALL of my loans and credit card
debt. I have a good income and look forward to getting into another
home as soon as I can. I don't have much other savings to tap for a down
payment, but don't mind doing 100 percent financing.
Question: Is it a good idea to pay off
ALL of my debt? Or should I, perhaps, keep some on the accounts? Or what?
This is my big chance to get financially secure, and I don't want to
blow it. Your advice has always helped me in the past, so I really
wanted to ask you what you think.
Thank you,
Rodney
Finish Reading Article
"That's $107.00 a month saving for 4 months!"
"Your books arrived and I didn't even get to
read them all before I called my first credit card company. I just
briefly glanced at the variety of scripts under calling credit card
companies and then I called. I mentioned to the first operator that I
received an offer for 5.9% and that I would like to have my interest
rate lowered. She came back with 'the only special I have right now is
0% for 4 months.' I said, 'I'll take it.' That's $107.00 a month saving
for 4 months!
My second call I was transferred to the
'Account Specialist' (it helped knowing from the scripts in your book
this could happen!). This gentleman was a very fast, smooth talker. I
told him about the 5.9% offer and he came back with yes I paid promptly,
on time, but I hadn't used the account often enough so I only got 2 out
of 3--not enough to get the interest lowered. He did offer to reimburse
the annual fee of $49.00, which I did take. He said I would now be
included for upcoming special offers. Not bad for a 1/2 hours work!
Thanks Scott. I look forward to reading
the rest of the books for more great ideas."
—Judy Davidson, Ontario
Read about special offer for all three of Scott Bilker's best-selling books
The Three Little Pigs: Your Child and Money
by Scott Danger
As a first-time parent, I wonder how I will handle
many things. Lately, I've been thinking about how and when I will introduce my
daughter to the concepts of money and saving and spending. I then realized that
I have probably already started this process. While I'm sure she does not
understand the concept of money, I know she knows what a grocery store is. I
know she knows that we take things from the shelf and put them in our cart.
Finish
reading article
Household Math™: Minimum Payment
by Scott
BilkerMary has a balance on her
credit cards of $10,000.00. The interest rate on that debt is 9.99% APR.
Her bank has a minimum payment policy of 2% of the balance or $15
(whichever is greater). If Mary makes minimum payments to this credit
card, how long will it take her to repay the debt entirely?
Answer this problem
Stop Debt Collectors Cold!
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Stop Debt Collectors Cold! Plus, for a
limited time, 4 bonus reports: |
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--> How to Get Collection
Accounts Off Your Credit Report |
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--> How to Avoid Losing Your Home
In A Foreclosure |
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--> What to Do if You Are Behind
on Your Car Payments |
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--> Confidential Interview With A
Former Debt Collector |
Read about stopping debt collectors
Kicking the Worry Habit
by Michael
Angier
I grew up on a Vermont farm. After
college, I bought a farm of my own and operated it for several years. You
might be interested to know that I learned the secret to making a small
fortune in farming. It's kind of inside information, and I don't pass it
around to just anybody. Ready? Here it is: start out with a large one,
and sooner or later, you'll have a small one.
Finish Reading Article
More credit, more options!
Credit options are your weapon
against the banks! The key to success is using your credit lines
to save money--not to go crazy spending!
The Credit Repair Kit plus bonus
CD!
by Joe Sainz
What do you
think of when you hear the words "credit
repair"? I think of scam! That's because
many companies have made promises to
"fix" people's credit but then simply stole
their money. However, there are still
reputable sources for people to learn
how to straighten out their credit
reports.
Your
credit report is your financial résumé
and everyone, from lenders to insurance
agents, reviews it. It's vital that there
are no mistakes shown, and if there are,
that they're removed!
There are
many books on the subject, but my
personal favorite is The Credit
Repair Kit. That's because Joe
Sainz offers great practical advice for
correcting errors. Plus, he includes a
Credit Booster CD-ROM with the
book!
If you're
having trouble getting the rates you
deserve because of your credit report,
then you must read this book!
Read more
about The Credit Repair Kit plus bonus
CD...
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