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It's God's will for you to live in prosperity
instead of poverty. It's God's will for you to pay your bills and not be in
debt."
--Joel Osteen
Quotes from all previous newsletters |
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IN THIS ISSUE #165 |
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Publisher:
Scott Bilker |
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Editor:
Larissa S. Bilker |
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Assistant
Editor: Denise Troy |
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ISSN
1538-6740 |
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Advertising Information |
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About 40% of credit card holders carry a balance of
less than $1,000. About 15% are far less conservative in their use of credit
cards and have total card balances in excess of $10,000. When we look at the
total of all credit obligations combined (except mortgage loans), 48% of
consumers carry less than $5,000 of debt. This includes all credit cards, lines
of credit, and loans-everything but mortgages. Nearly 37% carry more than
$10,000 of non-mortgage-related debt as reported to the credit bureaus. |
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37 Days to Clean Credit |
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How I Deleted 9 Inquiries, 5 Negative Accounts, 4
Major Default Accounts, 1 Judgment, and Boosted My Credit Score 135 Points In
Only 37 Days! |
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Stop Debt Collectors Cold! |
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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 |
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Credit Secrets Bible |
| 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. |
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Letter from the Publisher
by Scott Bilker
Hi,
The end of the year is closing in fast! I
cannot believe it's already December.
This is the time of year to start thinking
about New Year's Resolutions. Many people plan to lose weight, quit smoking,
pay off debt, and the list goes on and on. The only problem is that these
plans are usually short-lived. How
about starting your resolutions today! Don't wait until next year. It doesn't
matter when you start as long as you are committed.
One of the main aspects of your credit that
requires your attention is your credit score. Recently, I was interviewed by Chris Brisson for
his program,
37 Days to Clean Credit. Chris' story is fantastic! He deleted nine
inquiries, five negative accounts, four major default accounts, and one
judgment. That boosted his credit score 135 points in just 37 days! You can
learn more about Chris' program
here.
READER COMMENTS
"My husband and I have been using
your methods for the past two months and have managed to reduce our
credit-card debt by over $20,000, thus reducing our minimum monthly payments
by nearly $700.00! THANK YOU!"
--Kelli W., Clinton Township, MI
Best,
Scott
One Day Late, Yeah Right
by Scott BilkerI knew it, I knew it, I
knew it!
A few years ago most credit card banks
changed their policy of what "late" means. Now, "one day late is late,"
even "one minute late is late." It used to be that late was if your payment
was due on the 1st but received on, say, the 20th. Not anymore. If you're 24
hours late, it's late, and you will be charged the late fee. Late fees have
also been rising and some are now as high as $39!
What did I know?
Finish Reading Article
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Interest Rate Reduction |
| One-on-one help to reduce your credit card
interest rates. Interest Rate Reduction Mentoring (IRRM) is a program that
allows you to learn firsthand what to say to your creditors and how to actually
go about reducing your interest rates. This is done through one-on-one
mentoring sessions by phone. Learn more and get started today! |
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Helping American Families Keep Their Homes
by President George W. BushPresident Bush
announced that representatives of HOPE NOW have developed a plan under which
up to 1.2 million homeowners could be eligible for assistance. Many
individual homeowners feeling financial stress have "adjustable rate
mortgages," which typically start with a lower interest rate and then reset
to a higher rate after a few years.
The HOPE NOW plan is designed to help
subprime borrowers who can at least afford the current, starter rate on a
subprime loan, but will not be able to make the higher payments once the
interest rate goes up. HOPE NOW members have agreed on a set of new
industry-wide standards to provide systematic relief to these borrowers in
one of three ways...
Finish Reading Article
and Watch Video
Budget Leftovers
by Terry RiggIt is extremely difficult to
setup a budget, especially when you are behind on some of your bills. Even
if you can make your regular bills and expenses fit neatly into your budget,
what can you do if you don't have the money to catch up?
I have listed several methods and
circumstances below that may help manage setting up your budget and begin to
pay those overdue bills. Since there are as many different budgets as there
are people that try to set them up, this list may not be all inclusive. It
may, however, give you some ideas that will fit your individual problem.
Finish Reading Article
"A Ray of Sunshine"
"A ray of sunshine: your books arrived! They are
exactly what I hoped they'd be, and they tempt me to ignore all else, as I
devour them. I'm starting with Talk Your Way Out of Credit Card Debt, and,
although I ordered it to learn how to help my sister and brother-in-law, I'm
finding information that I can use to help myself, too. You were right to
'guarantee' that your 'books will help.' To paraphrase you, I've gotten mad, I'm
getting smart--thanks to you--and I'll soon pick up that phone! My only regret
is that I didn't think to ask you to autograph the books before you shipped
them. Perhaps I'll have the opportunity to meet you someday, and I'll remedy
that omission. Now, back to your phone calls..."
Enthusiastically,
Anne
Read about special offer for all three of Scott Bilker's best-selling books
Household Math(tm): Debt Snowball (Myth or Magic)
by Scott
Bilker
David Sheepsley has two credit cards with balances.
Card A has a balance of $8,000 at 19.8% and minimum payments of $160 per month.
Card B has a balance of $6,000 at 5.9% with minimum payments of $120 per month.
David has a total of $400 per month to use for repaying his credit cards. What's
the better plan for David?
Pay the most money possible per month to the
lowest-balance card (B) first and make minimum payments to the highest-balance
card (A) until the lower-balance card (B) is paid off. Then send the entire
payment of $400 to Card A until that debt-repayment is completed.
Or...
Do the reverse. Pay the most money possible per
month to Card A and make minimum payments to Card B until Card A is paid off.
Then send the entire payment of $400 to Card B until that debt-repayment is
completed.
Answer this problem
Write your financial profile
by Doris DobkinsIt's fun to read financial
profiles. Humans, by nature, are curious about how much other people make and
how they live with what they make.
Profiles can communicate someone's salary,
how many children they have, how much they save, how big their mortgage
payments are and what else they spend their money on. In the study of
profiles, it's amazing to find that how much one saves has little to do with
how much one makes.
Today, you get to write your own profile. It
can be a very revealing exercise, and I encourage you to participate. Please
take a moment and get a piece of paper and pencil. I'll wait for you.
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
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Copyright ©2007 Press One Publishing. All rights
reserved. Please do not reprint, or host on your web site, without explicit
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