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DebtSmart® Email Newsletter

ISSN 1538-6740
March 9, 2005 Issue 94

Tools for financial success! A Free Email Newsletter from DebtSmart Online and Press One Publishing.

Publisher: Scott Bilker


In this Issue

Cool Quote

Letter from the Publisher

They Raised My Rate

You Saved Me a Bundle of Money

Featured Credit Cards Can Save You Money Now!

Insider Secrets of Business & Personal Credit

You're invited to a special Teleseminar with Garrett Sutton and Gerri Detweiler

Rating your credit card

10-Minute Tasks to Help You Save Money

DebtSmart Help Center

Protecting Your Credit Following ID Theft: A Step-by-Step Plan of Action

DebtSmart® Resources



Cool Quote

"Creditors have better memories than debtors."
--Benjamin Franklin

Quotes from all previous newsletters



Letter from the Publisher 
by Scott Bilker

Hi,

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.

Any suggestions?

Keep up the good work,
Dean

Finish Reading Article



You Saved Me a Bundle of Money

"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.

Read about special offer for all three of Scott Bilker's best-selling books



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!

Choose from the list of featured credit cards



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!

Read more about the Inside Secrets of Business & Personal Credit



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.

Space is limited so register today!

Register for this special telesminar right now



Rating Your Credit Card
by CardRatings.com

"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."

See how your credit cards are rated by CardRatings.com



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.

Finish Reading Article



DebtSmart® Help Center 
by Scott Bilker

Hi,

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...

Read More at the DebtSmart Help Center



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.

Finish Reading Article


DebtSmart® Resources

DebtSmart® Books, software, reports, in-print and downloads

Archive of DebtSmart® Email Newsletters online

How to use DebtSmart® articles FREE in your e-zine or on your web site


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DISCLAIMER

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.

Copyright ©2005 Press One Publishing. All rights reserved. Please do not reprint, or host on your web site, without explicit permission. However, if you found this newsletter helpful, we grant you permission, and strongly encourage you, to e-mail it to a business associate or a friend. Thank you.


 

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"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




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