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10.99%. |
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Advanta Platinum BusinessCard with Unlimited Rewards
Intro Rate: 0.00%, Time Period: 15 Months, APR:
7.99%. |
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Citi® Platinum Select® MasterCard
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APR: As low as 8.49%. |
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Blue from American Express®
Intro Rate: 0.00%, Time Period: Up to 15 Months, APR:
4.99% (for life on transferred balances). |
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Advanta Life of Balance Platinum Card
Intro Rate: 2.99%, Time Period: Until Paid |
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Chase Platinum Visa®
Intro Rate: 0.00%, Time Period: 12 Months, APR:
11.99%. |
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Discover® More Card
Intro Rate: 0.00%, Time Period: 12 Months, APR:
10.99%. |
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In This
Issue
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Cool Quote |
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Good credit rating but too much debt for low
rates |
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STATISTIC: College students pay their bills |
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Study: Online banking possibly dicier than
assumed |
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Loan Sharks |
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"Not sure where we would be..." |
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Little Ways to Save Big |
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Household Math™: LTV |
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9 Steps to Unshakeable Confidence |
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America's Cheapest Cars |
Cool Quote
"God wants us to prosper financially, to have plenty of
money, to fulfill the destiny He has laid out for us."
--Joel Osteen, Lakewood Church, Houston, TX
More cool quotes from past issues
Scott,
I just found your website in a book I am reading
from the Rich Dad Series. I am in business for myself for 8 years now. I have
high CC debt all for the most part business debt. We always pay our bills on
time. Recently though, the CC companies started raising their interest rates on
us and lowering our limits dramatically. Some to the tune of 35%! I am at a loss
of what to do.
My business is doing well to the point that, if I
were able to pay off these cards, I would be able to do my business on a
month-to-month basis without accruing any cc debt. Herein lies the problem of
being able to pay off the credit card debt especially at these rates. Even at
these rates, we still are not making any late payments. Our credit rating is
excellent, but we are carrying too much debt to acquire lower rate cc to lower
our monthly payments. What can we do?
I am going to try and call all of my credit card
holders and see about lowering my monthly interest as you talked about in one of
your articles. I am also ordering your books as soon as I finish with his email.
Your help is appreciated.
Bob
Finish reading this article
41 percent of college students have a credit card. Of the
students with cards, about 65 percent pay their bills in full every month, which
is higher than the general adult population. Among the 35 percent of college
students with credit cards that do not pay their balances in full every month,
the average balance is $452. This is down 19 percent from 2007. Moreover, this
balance is approximately one-third the size of the average balance for active
non-student young adult accounts and one-fourth the size of active accounts for
older adults.
More credit card and debt statistics
Study: Online banking possibly dicier than assumed
SAN FRANCISCO - Many banks are unwittingly training their
online customers to take risks with their passwords and other sensitive account
information, leaving them more vulnerable to fraud, new research shows.
The result is that even the most security-conscious Web
surfers could find themselves the victims of identity theft because they've been
conditioned to ignore potential clues about whether the banking site they're
visiting is real--or a bogus site served up by hackers.
See story here
In the world today, it is not at all unusual to
find yourself short of the cash you need to pay your bills, feed your family and
maintain a reasonable lifestyle. For every working stiff who runs out of money
before they run out of week, there are unfortunately a number of shady
characters willing to loan you all the money you need at an exorbitant interest
rate. You will have to be careful to avoid these loan sharks when you find
yourself in need of quick cash.
Loan sharks are not just something made up in
Hollywood to sell movie tickets. Unfortunately, loan sharks are all too real and
getting involved with one can wreak havoc on your personal and professional
life.
Finish reading the article
THANK YOU, THANK YOU, THANK YOU! I don't know how to say
it any clearer than that!! Thanks to your website and books, I have been able to
reduce my overall credit card debt from $35K plus to just over $15K, and my
highest interest rate is at 2.99% with a balance of only $6200. The remainder
is at .99% or 0%.
I am now able to put money into a savings account, two
IRA's, and my 401(k) plan while still paying all the bills.
We are a single income family of four, paying a mortgage,
with all the household bills that come with that as well as all the credit card
payments made each and every month with extra payments sent as well--all on only
$80K a year.
Not sure where we would be if I hadn't found your
website and your wonderful books with words of wisdom.
It wasn't easy for my family to do what we did, but we
have done it, and learned some very valuable lessons. The most important of
which is, don't purchase what you can't afford to pay for!
Again, thank you for all you do to help others deal with
the credit mess their lives are in, often times at their own doing.
Keep up the good work; it is helping others!
Tracy Mundy
Learn how to "Talk Your Way Out of Credit Card Debt"
Little Ways to Save Big
When it comes to cutting costs, consumers always look at
the big stuff. Postponing that vacation. Keeping your car a few more years.
Nixing the addition on the house.
But it's often the little things that can make an even
bigger difference. For instance, Joseph Montanaro, a certified financial planner
for USAA Financial Planning Services, says he saved $130 a month just by kicking
his daily Dr. Pepper habit. That's a savings of $1,560 over a year.
See story here
A lender agreed to make a loan based on a purchase price
of $250,000 with a 90% LTV. If the property appraises for $250,000, what is the
mortgage amount?
Answer this math problem
What is confidence? According to Webster's
dictionary, it's "having no uncertainty about one's abilities."
Have you ever wondered why some people seem
totally self-confident, while others are in almost total lack?
Actually--no one is born confident. Confidence is
built through life experience, and especially the feedback you receive as a
youngster about your experiences. If you receive (and collect) a lifetime of
negative beliefs about your own abilities, then you will have low
self-confidence.
It's true that some people are naturally
extroverted--naturally bold and outgoing. Others seem to be more naturally
introverted, and tend to be more cautious in life.
But the fact is...extroverts are not always
self-confident, and introverts do not necessarily lack confidence. Both
extroverts and introverts can have unwavering certainty about their own
abilities--the most basic sign of confidence.
Finish reading this article
America's Cheapest Cars
With oil hitting $147 a barrel and gas prices averaging
$4.10 nationwide, all of a sudden cheap, small, simple cars are much more
appealing.
It's something General Motors has noticed, as evidenced by
the company's announcement this week of major cuts to its truck division as part
of a multibillion-dollar restructuring. Similarly, Toyota is halting truck
production for three months at its U.S. plants.
While the backbone of the cheap-car market has been,
traditionally, first-time car buyers, current gas prices are boosting the market
for cars $15,000 and under by 17%, according to auto analysts. From the commuter
to the family to the cash-strapped and every type of driver in between, small
cars are increasingly popular.
See story here
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