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DebtSmart® Email Newsletter
January 25, 2006

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

Letter from the Publisher
by Scott Bilker


Well, it's finally here! A new DebtSmart Video Library presentation release along with free software that I personally developed! The last (and most important) part of this video is your review. How it helps you. How much money it saves you! So please, check it out, get the free software, and let me know what you think.

Humans! Wow! They're so useful to talk to on the phone! You know what a pain it is to get through automated phone menus? Well, I found a web site that tracks the keypad instructions you need to get to a human! Check it out here.

Now, have you heard about Alex Tew? This UK kid (21) needed some cash to pay for school, so he created a web page and sold each pixel of advertising for $1 on eBay. Well, he sold 1,000,000 pixels. He's doing well. My point is that YOU may have the next million-dollar idea!

Last note...Visa has dubbed everyone born in the 80's as Gen "P" for Generation Plastic. That's because this group prefers plastic over paper for purchases. Me too, and I'm a 60's guy.


Video Library Presentation: Refinancing your mortgage
by Scott Bilker

You should always be thinking about refinancing because your mortgage is probably the most expensive purchase you'll ever make. Notice that I didn't say your house was the most expensive purchase. That's because when you took a mortgage, you purchased that money to pay for the house. The purchase of that money is paid by the interest charges.

You may have paid $150,000 for the house, but you purchased that $150,000 from a bank for, let's say, 7% APR over 30 years, with monthly payments of near $1,000 per month, costing you a total of $360,000.00. That's $150,000 for the house and $210,000 for the money to buy the house!

Watch video with high-speed connection (Cable Modem)

Watch video with low-speed connection (Dial-Up)

"We are very excited because your advice works!"

"Hi Scott - we are very excited because your advice works! My husband called Capital One to try to get them to combine two accounts into one and lower his rate. Both cards were paid off, and one we had shredded while we were on the phone with them when they would not raise the limit - they actually HEARD him shred the card! At first they said no, but then when my husband said he would shred the other card too and go with BOA instead, they changed their tune. They combined the limits of both cards onto one. Even though the limit is still less than $1000, it proves your point that it does PAY to make that call! Now I am going to try to get them to combine mine... Thanks!"

Sue and Ben Sheffler, Richmond Hill, GA

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

Household Math™: Shopping Sale
by Scott Bilker

Here's a situation we run into all the time. Stores always have sales, specials, etc. and thrifty people will try to take advantage of these sales. But how can you tell which discount will save you more money?

Two stores are having a sale. In Store #1 the deal is take 25% off then take an additional 25% off. In Store #2 the deal is take 50% off. Which store has the better deal?

Answer this problem

Terminating automatic bills
Gary Foreman

I requested that my credit card account be closed in June. In November I received a bill for $110 for automated charges that go through once a year. The credit card company said that it was my responsibility to request that these charges stop going through.

The problem is that I can't get through to these companies to have these charges stopped. I had actually requested that one of these companies stop charging my card and they did not. This is a big part of the reason that I requested to cancel the card.

Is it legal for the credit card company to continue allowing charges to be made to my account months after I request the account to be closed? If I can't ever get through to these companies because they are always having technical difficulties, am I just doomed to have the credit card account forever? Who can I ask for help?


Finish reading article

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 check out certain companies personally 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

6 Steps to Better Credit
by Gerri Detweiler

If you are resolving to hop off that debt treadmill or get your credit in order in 2006, here are my tips to help you succeed:

1. Review your statements
If you have run up larger balances than usual, your credit score may take a dip after the holidays. And that could trigger an increase in your interest rate on your major credit cards. Check your statements to confirm your rate. If it's higher than you think you deserve...

Finish reading article

10 Credit Myths
by Scott Bilker

As they say, "Knowledge is power." Many times people either act on false information or fail to act because they didn't know what could be done to their benefit. This is the case in many areas of life, but on the top of that list is money. And in the money category, you will find lots of misinformation about credit.

There is so much to talk about on the topic of credit myths that an entire book could be dedicated to it.

Myth #1: I'm a complete financial loser for getting myself into this mess.

Finish Reading Article


" There is nothing more uncommon than common sense."--Frank Lloyd Wright
Quotes from all previous newsletters


Cool Quote
Credit and Debt Statistics Database
Letter from the publisher
Video Library Presentation: Refinancing your mortgage
"We are very excited because your advice works!"
Household Math™: Shopping Sale
Terminating automatic bills
More credit, more options
DebtSmart® Help Center
6 steps to better credit
DebtSmart® Mortgage Comparison Calculator
10 credit myths
DebtSmart® Resources
Subscribe/Disclaimer Information
Free DebtSmart® Column for in print publication, ezine, or web site
Publisher: Scott Bilker
Editor: Larissa S. Bilker
Assistant Editor: Denise Troy

ISSN 1538-6740


Past Due Credit Card Accounts

The percentage of credit-card accounts 30 or more days past due dipped slightly to 4.74 percent in the July-September 2005 quarter after having hit an all-time high of 4.81 percent in the spring.
Credit and Debt Statistics Database
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DebtSmart® Mortgage Comparison Calculator
by Scott Bilker

Free PDF calculator allows you to compare your current mortgage to other mortgage options! No need to install new software! Calculator runs completely in the free Adobe Acrobat Reader!

DebtSmart® Resources

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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 ©2006 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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