IN THIS ISSUE #151
Larissa S. Bilker
Editor: Denise Troy
add DebtSmart® News
feeds to your newsreader pages. Note:
RSS feeds are not a replacement for the
email newsletter but a fast method of
finding out what's new here at
48 percent of students graduating from Boston College in 2005 carried debt
averaging just less than $16,000. Statewide, students left school in 2005 with
more than $18,000 in debt.
Credit Secrets Bible
Raise your credit score! Learn how
to fight back against those who are making your life
difficult--and holding you back!
Letter from the Publisher
by Scott Bilker
As you may know, I was interviewed on Jordan Goodman's, Money Answer
show. You can hear the one-hour show online in the archives
Hey, check this out. A newly released study indicates that there is no
link between wealth and intelligence. The US Bureau of Labor Statistics
survey included 7,403 Americans who have been interviewed frequently since
1979. Based on 2004 answers, people who are now in their mid-40's showed
no link between IQ and earnings.
Here's some potential good news. U.S. Senators Claire McCaskill, D-Mo.,
and Carl Levin, D-Mich., introduced federal legislation aimed at stopping
credit card practices that unfairly increase or prolong one's debts. It's
called The Stop Unfair Practices in Credit Cards Act. The act calls for
limits on penalty, interest-rate increases applied only to future debt, no
interest on fees, restrictions on over-limit fees, no pay-to-pay fees
(having to pay a fee when you make a payment), and fixed credit limits.
Yeah, that sounds great. We'll see how that goes.
Follow up to "Jenni the Bill Collector"
by Scott Bilker
I received many responses to the last article, Jenni the
Bill Collector. As you may guess, the negative remarks about the article
came from bill collectors and the positive article comments from people
harassed by bill collectors (the majority). But one response stood out so
much that I wanted to share this with everyone.
I read the letter from Jenni and thought I'd share with you the
experience of my worst job ever.
I got a job through a temp agency doing data entry at a debt collection
As I sat to do my job, one of the collectors stood up and yelled, "Here's
a good one!" He then proceeded to play a call he had just made to a lady
with three kids that couldn't pay her bills because her husband had an
accident. While this lady sniffled and cried on the phone, the collectors
laughed and laughed. They thought it was so funny
Finish reading article
"I hadn't even asked yet...she just offered it!"
"I just wanted
to pass along some success that I had recently while calling my credit card
companies. First of all, I called and asked for a credit line increase so
that I could transfer a high interest balance to a 4.82% APR. Not only did
they increase my credit line, but they also let me know that they had a
3.82% APR available since I called.
I also called another card company to take advantage of another balance
transfer offer. It was 3.9%, but it held a transfer fee of $99. When I called
to activate the card and make the transfer, I was told that the balance
transfer had a $99 fee, but that she would waive the fee if I did the
transfer over the phone! I hadn't even asked yet...she just offered it!
Thanks so much for the information that you provide! I finally feel like
I'm getting a handle on our debt!"
Read about special offer for all three of Scott Bilker's best-selling books
Household Math(tm): Biweekly Payments
You borrow $25,000 at 8% for 5 years to remodel your kitchen and
bathroom. Your loan requires 60 monthly payments to completely pay off the
loan. After you get the loan, one of your friends tells you that you can
save money by making payments more frequently. They tell you that this
happens because you pay off some of the principal earlier and are not
charged interest on that principal afterwards. Sounds good. Here's the
question. If you convert that 5-year (60-month) loan into a loan that
requires 130 biweekly payments (still 5 years), how much money will you save
in overall bank payments?
Answer this problem
Stop Debt Collectors Cold!
Stop Debt Collectors Cold! Plus, for a limited time, 4 bonus reports:(1) How
to Get Collection Accounts Off Your Credit Report; (2) How to Avoid Losing
Your Home In A Foreclosure; (3) What to Do if You Are Behind on Your Car
Payments; and (4) Confidential Interview With A Former Debt Collector
Read about stopping debt collectors
Trimming the Fat From Your Budget
by Nancy Twigg
I decided it was time for me to quit my full-time job. The first thing we
did was pull out our family budget and go over it with a fine tooth comb. If
I was going to quit, we knew we had to cut our expenses to the bare minimum
until his then-new business was up and running.
People trim fat from their budgets for various reasons. Sometimes after
the birth of a child, the new mother just can't face putting her baby in
daycare as she originally planned. Maybe a family car dies an untimely death
and payments on a newer car are higher than expected.
BE SURE to send this link to all your friends!!!!
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!
the ALL recommended cards
Credit Secrets Bible
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
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!
about The Credit Secrets Bible
|How to UPDATE your
information, SUBSCRIBE, or UNSUBSCRIBE from this
All recipients of the
DebtSmart® Email Newsletter signed up voluntarily for
the newsletter via our website.
SUBSCRIBE to this newsletter
with any comments, problems, or concerns.
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.