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DebtSmart® Email Newsletter

ISSN 1538-6740
May 18, 2005 Issue 98

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

Calling banks for my 82-year-old mother

How to save money on your phone service within minutes!

Western Union® Prepaid MasterCard® Card

Household Math™: Auto Loan Rate

Featured Credit Cards Can Save You Money Now!

Adventures of the Debt Daredevil: Car on Credit

DebtSmart Help Center

“I had your books less than 2 hours and already saved twice the cost of them with a single phone call!”

Advanced cash-advance techniques

DebtSmart® Resources

Subscribe/Disclaimer Information



Cool Quote

"Too many men work on parts of things; doing a job to completion satisfies me."
--Dick Proenneke

Quotes from all previous newsletters



Letter from the Publisher 
by Scott Bilker

Hi,

Here's what's going on for this issue...

1) DebtSmart.com readers, Jen Johnson and Jessica Simpson, tell their stories on TV! They were interviewed, with me, on News12 NJ by Tom Layson. See photos and watch the video here.
2) Phase #1 of phone service is complete! I've found a great service for low-rate, prepaid calling. Read about it in this issue!
3) In my January 12, 2005 video/letter from the publisher I mentioned that a collection agency was attempting to collect money from me for a debt that I did not owe. I disputed the debt and they replied with, "...the account has been closed and credit bureaus have been notified to delete the account." This was truly an attempt to steal money from me by creating a bogus collection item. You must dispute everything!

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



Calling banks for my 82-year-old mother
by Scott Bilker

Scott,

I help my 82-year-old mother pay many of her credit card bills. She's scared to call the credit card companies and I don't want to be added as an authorized user or they will show up on my credit report. Is there a service that she can give a power of attorney to that will call the credit card companies on her behalf? Currently, she is NOT past due on any credit cards--but that will change if we can't reduce these interest rates. Thanks!

Brian

Finish Reading Article



How to save money on your phone service within minutes!
by Scott Bilker

I always use everything I recommend to make sure that it's good! Ready for this...their claims are 100% true! Great service! Great price! I signed up for $25 and got the free minutes. So the total time I received was 1,578 minutes! That's 1.58 cents per minute!

The online reporting was instant and accurate! This is all I'm going to be using for a while. If you let them know what numbers you're calling from, and call their local access number, you get the lowest rate and you only have to enter the PIN to make the call. It's easy to use, cheap as can be, clean connection, organized online, and simple. Works just like you would want and expect!

My phone service is getting me for 10 cents per minute for in-state calling and 7 cents per minute for long distance! What a rip! I can't believe I've been overlooking this big potential savings. I'm going to easily cut my phone bill by two-thirds! I figure that I'll save $1,000 per year with this new service.

Read more about phone savings



Western Union® Prepaid MasterCard® Card

* A Smart way to carry cash
* No credit Check 
* Add funds at over 46,000 Agent locations nationwide. 
* Enroll Today: Click Here or call 1-866-813-4052

No credit checks, No lengthy application and no bank account needed.
Ideal for on line or off line shopping. Plus, it's a prepaid card. 
Which means the ultimate in budget control is yours.

Find out more about the Western Union® Prepaid MasterCard®



Household Math™: Auto Loan Rate
by Scott Bilker

Mary Jane borrowed $9,200 to buy a used car. She made equal monthly payments for 3 years and that paid off the loan in full. After that time she added up how much she paid in total to the loan. She was surprised to find that 14.81% of the total amount she paid back over the course of 3 years were interest charges for the loan! What was Mary Jane's APR for this loan?

Answer this problem



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



Adventures of the Debt Daredevil: Car on Credit
by Scott Bilker

In his first mission, the Debt Daredevil takes on the evil used car salesman by helping his friend understand her financing options.

Scott: "What are the financing terms?" Salesman: "Let's go talk about the details in the back office."

Salesman: "Looks like we can get you a great low rate of 10.99%." Scott: "I don't know. I have to make a quick cell call. I'll be back in a few minutes..." (This is a job for the Debt Daredevil!)

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



"I had your books less than 2 hours and already saved twice the cost of them with a single phone call!"

Hi Scott,

I am just bursting with excitement to email you today. I received your books in the mail when I got home from work and read the first chapter of Talk Your Way Out Of Credit Card Debt. I then called one of my credit card companies that was charging me a whopping $59 (zowwy!) "member fee" each year and followed the steps that you outlined in the chapter I just read. Just as you said, I got the first representative who explained all of the "great thing" that the "member fee" provided, such as sending me a statement each month "absolutely free," sending me a replacement card if it is lost or stolen "absolutely free," yadda, yadda (seriously, do these people actually believe what they are saying?!). I asked for the supervisor, was told they couldn't do anything, talked to them anyway and, big surprise, the fee was waived on my account! I had your books less than 2 hours and already saved twice the cost of them with a single phone call!

Thank you so much for all that you do to provide people with this great resource about a topic that most people seem to be afraid to talk about. What a great idea to record your phone conversations and share them! It gave me the exact action sequence and the confidence boost that I needed, and I have no doubt that many, many people have been helped by your efforts. Keep up the great work!

Tina Kerchner, VA

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



Advanced cash-advance techniques
by Scott Bilker

Dear Scott,

I recently read your article about buying a car with a card. I have a 0% interest card and plenty of available credit so it seems like a good idea. The problem is the seller is a private party. Obviously I can't use a convenience check or a cash advance or I'll blow the interest strategy. Is there a way to pay a private party so that it appears as a purchase on the card and not an advance? I have checked out PayPal but I'm not sure the seller is Internet active. Thanks.

Tracy

Finish Reading Article


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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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