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DebtSmart® Email Newsletter

ISSN 1538-6740
May 4, 2005 Issue 97

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

Good credit rating but too much debt for low rates

Credit Card Help From Scott Bilker: The $43,000 Man

Featured Credit Cards Can Save You Money Now!

Household Math™: Cutting the Budget

Stop Debt Collectors Cold

Western Union® Prepaid MasterCard® Card

How Junk Mail Can Save You Money

DebtSmart Help Center

Rating your credit card

Credit Lessons for Retirees

DebtSmart® Resources

Subscribe/Disclaimer Information

Cool Quote

"If you look at what you do not have in life, you don't have anything. If you look at what you have in life, you have everything."

Quotes from all previous newsletters

Letter from the Publisher 
by Scott Bilker


Here are a few items in no particular order...

When I recently helped renew my father's AARP membership I was informed that you could add someone, over the age of 18, living at the member's address, to the membership. I have officially joined the AARP! My membership has been active since 1984, when my parents became members. There are many membership benefits that will help save me money, for example, the first thing I did was sign up for the Delta Dental Family plan. It doesn't pay for everything but after doing the math it will save me money!

My wife, Larissa, commented that lenders, like cigarette companies, should put warning labels on their credit cards, e.g., "WARNING: overuse of this product could cause extreme depression or financial ruin." How true, how true, but I doubt we'll ever see that happen.

I've been working on getting low phone rates and passing these programs on to everyone at DebtSmart.com. It's coming soon...really! I'm aiming for the end of the month, maybe by the last May email newsletter issue or first in June. All that's left is to build a website so you can determine if you will save and also have a way to sign up.

PS: If you are interested in advertising with DebtSmart.com, please complete the form here.

Good credit rating but too much debt for low rates
by Scott Bilker


I just found your website in a book I am reading from the Rich Dad Series. I am in business for myself for 8 years now. I have high CC debt all for the most part business debt. We always pay our bills on time. Recently though the CC companies started raising their interest rates on us and lowering our limits dramatically. Some to the tune of 35%! I am at a loss of what to do.

My business is doing well to the point that, if I were able to pay off these cards, I would be able to do my business on a month-to-month basis without accruing any cc debt. Herein lies the problem of being able to pay off the credit card debt especially at these rates. Even at these rates we still are not making any late payments. Our credit rating is excellent but we are carrying to much debt to acquire lower rate cc to lower our monthly payments. What can we do?

I am going to try and call all of my credit card holders and see about lowering my monthly interest as you talked about in one of your articles. I am also ordering your books as soon as I finish with his email. Your help is appreciated.


Finish Reading Article

Credit Card Help From Scott Bilker: The $43,000 Man
by Christopher Yuscavage

When you are Scott Bilker, credit card help is not what you are offering people; it's a way out of debt for life!

Scott Bilker, author of Talk Your Way Out of Credit Card Debt, promises that his book is the quickest and easiest way out of debt for people like Mary and John.

Mary is a widowed 40-year-old female from San Francisco with a problem, a credit card problem. She currently has 3 credit cards to her name and another that belonged to both her and her husband. While she has obtained low interest credit cards for herself, her and her husband had a credit card with accumulated debt in the thousands.

Besides being a painful reminder of her husband's death, the credit card that Mary is...

Finish Reading Article

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

Stop Debt Collectors Cold

Review by Scott Bilker

Each week I receive dozens of emails from people being hounded by debt collectors. These collectors are horrible! They can harass, threaten, and embarrass their victims without regard for the law. There have been many articles posted at DebtSmart by those attacked by these evil hounds.

Yes, that's strong language and I am sure that the "good" debt collectors (if there is such a thing) are going to send me hate mail in about 10 minutes, but the truth is that the majority of these "folks" don't care at all about your situation. They're out to suck as much cash from you as possible.

In the past I've advised people of the techniques needed to deal with debt collectors however, a comprehensive information package has been created that I can recommend that will help--for sure!

It's been written by best-selling author, Gerri Detweiler, attorney John Ventura, and Mary Reed, personal finance author. Not only is this aimed at Stopping Debt Collectors Cold but they also include four other great reports: How to Get Collection Accounts Off Your Credit Report, How to Avoid Losing Your Home In A Foreclosure, What to Do if You Are Behind on Your Car Payments, and Confidential Interview With A Former Debt Collector.

I highly recommend that you take a look at this information so you're prepared to effectively deal with debt collectors!

Read more about how to Stop Debt Collectors Cold

Household Math™: Cutting the Budget
by Scott Bilker

Susan spends 30% of her income on housing expenses, 30% repaying her credit card debts, 20% on all taxes, 10% on groceries, 5% on clothing, and saves what's left over. She decides that she wants to pay back her debt more quickly and to do that she needs to do a few budget cuts. Susan cuts the grocery bill by 25%, the clothing spending in half, and dedicates all the money she used to save toward the credit card debts. How much, by percentage, of her income is now being used for repaying credit card debt?

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Find out more about the Western Union® Prepaid MasterCard®

DebtSmart® Help Center 
by Scott Bilker


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

How Junk Mail Can Save You Money
by Jeffrey Strain

Most people toss out the junk mail that comes in their mailbox never realizing that it can save them hundreds of dollars a year. That's because "junk mail" includes competing offers, which can be used to lower the rates you currently pay for services.

When companies send out junk mail, they're hoping to convert new customers to their product or service. To do so, they often offer discounted introductory rates below the normal retail price. When you have an offer from a competing company, you have leverage against your current provider to get them to lower their rates.

Say you receive a credit card offer in the mail for a...

Finish Reading Article

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

Credit Lessons for Retirees
by Rebecca Lindsey

Chances are, you have probably received one of those flashy letters with big headlines that practically scream "YOU'VE JUST WON A BAZILLION DOLLARS!!!" You begin to get really excited and then you see that really, really tiny print below the headline that reads "You might actually hear this statement if you have the winning number out of the 100 billion numbers we give out, and oh, you must send us $15 in order to get a number in the first place."

Finish Reading Article

DebtSmart® Resources

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Archive of DebtSmart® Email Newsletters online

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Please contact comments@debtsmart.com with any comments, problems, or concerns.


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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