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DebtSmart® Email Newsletter
March 21, 2007: Issue #146

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



" Before deciding what you want to do, I would ask how you want to live."--Scott Bilker
Quotes from all previous newsletters


Letter from the publisher
Cool Quote
DebtSmart® Recommended Products and Services
I've been gouged for $99! Are bank charges negotiable?
DebtSmart® Amazon aStore
Household Debt Not So Bad
"That's $107.00 a month saving for 4 months!"
Is your credit score costing you a fortune?
Household Math™: Cash Flow
Stop Debt Collectors Cold!
Credit Secrets Bible
How Do You Want To Live?
More credit, more options!
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Publisher: Scott Bilker
Editor: Larissa S. Bilker
Assistant Editor: Denise Troy

ISSN 1538-6740

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Household Debt Not So Bad

25.1% of American households have no credit cards at all--no bank cards, no retail cards, nothing.

Another 31.5% of the households the Fed surveyed paid off their most recent credit card bills in full.

So together, the households that owed nothing on credit cards equaled 56.5% of the total.

Read more credit card and debt statistics

DebtSmart® Recommended

Freedom Debt Relief

Raise your credit score! Learn how to fight back against those who are making your life difficult--and holding you back!

Credit Secrets Bible

Raise your credit score! Learn how to fight back against those who are making your life difficult--and holding you back!

Discover® Platinum Wildlife

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Advanta Platinum BusinessCard with Unlimited Rewards

Intro Rate: 0.00%, Time Period: 15 Months, APR: 7.99%.

Citi® Platinum Select® MasterCard

Intro Rate: 0.00%, Time Period: Up to 12 Months, APR: As low as 8.49%.

Blue from American Express®

Intro Rate: 0.00%, Time Period: 15 Months, APR: 4.99% (for life on transferred balances).

Advanta Life of Balance Platinum Card

Intro Rate: 2.99%, Time Period: Until Paid

Chase Platinum Visa®

Intro Rate: 0.00%, Time Period: 12 Months, APR: 14.24%.

Discover® Platinum Card
Intro Rate: 0.00%, Time Period: 12 Months, APR: 10.99%.

Letter from the Publisher
by Scott Bilker


I want to share an email with you that I recieved from Kiley about her results with my book, Talk Your Way Out of Credit Card Debt.

"Scott, I want to let you know the results of my settlement negotiations. The process took a few weeks as I worked on settling seven cards. The best deal I got was 25% on one balance. The least favorable was a 55% payoff. It was a matter of being persistent, patient and calm. Some collectors were very hard line in the beginning, but as they saw I was serious they started to bend. I squared everything away on the last day of February. Perhaps the timing worked to my advantage. In a nutshell, I paid 39% of my total debt. My original balance was $32,450.15 and I wound up paying $12,796.57. The pages on settlement negotiation in your book gave me the idea that YES, it is possible to make this happen. I felt some power over a situation that had spiraled out of control. Now, I have one much smaller payment to make each month, and I feel that the situation is under control. While, I would have preferred to pay everything in full, it became apparent that unless I had a windfall this would be a very long road. Now, I'm on the road to financial recovery. Thanks for the book and for taking the time last month to personally correspond with me."--Kiley

Of course, negotiating settlements is not for everyone. There are companies that can help you deal with the banks. If you're thinking about debt settlement, you may want to check out Freedom Debt Relief. See what their deal is in your case and weigh that as one of your options.

The bottom line is that Kiley's story illustrates the power we have to take control and get results! You can do it yourself!


I've been gouged for $99! Are bank charges negotiable?
by Scott Bilker

Hi Scott,

This just happened to me in the last few weeks.

I spoke to my bank (Bank of America aka BOA) about overdraft protection, which they said was a free service. I agreed to sign up for it. My overdraft protection is linked to our Visa card with BOA.

I wrote a check, which would have caused an overdraft, but since I had the overdraft protection, they took out 3k on our Visa account. Now we got the bill from Visa, which has both a transaction fee finance charge of $99.00 and a periodic rate finance charge (I suppose that's on the 3k we borrowed).

My question is: Is this a charge that I might successfully have waived? Or shall I resign myself to paying. If it is fightable, any tips on what I might say to them?

Thanks in advance!


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

Is your credit score costing you a fortune?
by Jay Peters

While some surveys show that 9 out of 10 consumers are unaware what their credit score is, I'd like to quickly share with you how your credit score could be costing you a fortune… in more ways than you can imagine.

We all know a low credit score will make everything in the world of finance more expensive because of higher interest rates from lenders due to being considered a greater credit risk (i.e. higher interest rates on car, homes and credit cards). While this may be considered common knowledge by some, its truly devastating effects are understood by few.

For example...

Finish reading article

Household Math™: Cash Flow
by Scott Bilker

Kim is trying to save $800 for tuition. She brings home $60 per week. Kim also has a total of $160 out-of-pocket expenses each month. How many months will it take her to save the money needed for tuition?

Answer this problem

Stop Debt Collectors Cold!
Stop Debt Collectors Cold! Plus, for a limited time, 4 bonus 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
  --> Confidential Interview With A Former Debt Collector

Read about stopping debt collectors

How Do You Want To Live?
by Scott Bilker

People always ask kids, "What do you want to do/be when you grow up?" I'm sure you remember the question well. A fireman, policeman, scientist, doctor, social worker, teacher, superhero, etc. are some popular answers.

The truth is that people have many interests and talents. Someone may be just as happy being a lawyer as a teacher. That's why I believe the better question to ask is "How do you want to live?" Do you want to live in a mansion or a shack? Do you want a chauffer or bicycle? Do you want to live in the city, country, on a farm, an apartment?

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!

Credit Secrets Bible
by The Consumer Publishing Group

The Credit Secrets Bible contains more step-by-step, easy-to-learn, easy-to-use insider consumer credit secrets than any other home study course on the market. In fact, the information in the Credit Secrets Bible is so powerful, we have to disclose to you upfront that it is sold for informational purposes only.

If you don't already know, I'll be the first to tell you... banks, finance companies, bill collectors and credit card companies are some of the BIGGEST crooks in the world. If you don't know the secrets contained in the Credit Secrets Bible, you will pay tens of thousands of hard-earned dollars in extra bills, interest and fees, etc. Your money will be wasted (down the drain) for no reason other than you don't own the Credit Secrets Bible home study course.

Banks and other institutions who take your money, ruin your credit or deny you the money you need are very powerful. They make a business out of hurting people like you to make more money for themselves. And, the more they hurt you financially, the more powerful they become. But they won't be able to hurt you anymore! With the Credit Secrets Bible, I'll show you how to stop them dead in their tracks!

Read more about The Credit Secrets Bible...

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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 ©2007 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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