Solve your debt in 5 days or less!

In the past year 2

7. Length at present or previous address
a. Less than three years 0
b. Three years or more 1

8. Age of newest automobile
a. Over one year old 0
b. Less than one year old 1

9. Savings account
a. No 0
b. Yes 1

10. Own real estate 
a. No 0
b. Yes 3

11. Telephone in own name
a. No 0
b. Yes 1

12. Credit references
a. No 0
b. Yes 1

When you apply for credit, your application is scored and 
the evaluated on the basis of criteria given by the bank's 
Credit Policy Committee. These criteria vary from bank to 
bank.  
Below we have listed the scoring system.

90-100% of possible points
Loan Granted

75-89% of possible points
Loan granted unless negative items on credit report

50-74% of possible points
Risk

40-49% of possible points
Review with possible rejection

0-39% of possible points
Automatic rejection

Banks Offering Secured Credit Cards



++Bank of Hoven
26660 Agoura Road
Calabasas, CA 91302
(800) 777-7735
Visa, MasterCard
 
++Capitol One
P.O. Box C32131
Richmond, VA 23286
(800) 955-7070
Visa, MasterCard


 





 ++Key Federal Savings Bank 
  7 Gwynns Mill CT, Owings Mills, MD
                    21117
                    (800) 325-7009


++United Nat’l Bank
675 Franklin Blvd
Somerset, NJ 08873
(732) 937-5000

++First National Bank in Brookings
P.O. Box 6000
Brookings, SD 57006
 (605) 696-2323  (605) 692-6294  (605) 696-2296
Visa, MasterCard
 
++First State Bank
P.O. Box 15414
Wilmington, DE 19850
 (302) 888-7500
Visa, MasterCard

++Security Bank of Hurst Texas
1845 Precinct Rd Suite 100
Hurst, TX 76054
(800) 451-0273
Visa
 
++Central National Bank
Broadway and Charlston at 14th
Mattoon, IL 61938
  (217) 234-6434
Visa, MasterCard

++Spirit Visa
19590 E. Main Street
Parker, CO 80134
(800) 779-8472
Visa
 
++Budget & Credit Counseling Services, Inc.
P.O. Box 450
Layfayette, IN 47902
(800) 395-2556
Visa, MasterCard


 

++Orchard Bank
P.O. Box 19360
Portland, OR 97280
(541) 889-4333 (541) 889-8606
Visa
 


Credit Card Insights

The cards we are going to discus here are the MasterCard and 
Visa only. Banks and Savings & Loans issue these. You can 
either purchase goods and services using this card or go to 
the institution who issued you the card and get cash 
advances, i.e., get cash directly against the card. 
To obtain these cards, one has to have very good credit or 
reasonably good credit.  Checking your credit can be done in 
different way.  One way is by writing to the Credit Bureau 
near them and getting your credit standing in the Bureau's 
Credit File.  Another way is to evaluate you by their own 
standards of point system (please see table at the end of 
this chapter). 
To get a quick guide of institutions issuing credit cards, 
get out your yellow-pages and look under Banks and Savings & 
Loans.  Call them and make a list of the ones issuing these 
cards and then go to them and pickup their applications and 
keep them ready.  Then go through this book and write all 
the ones listed and get their applications.  Get a hold of 
other institutions using the yellow-pages of major cities 
and get their applications.  Then when you have enough 
applications at hand, fill them all up and mail the ones 
from zip codes starting 0 to 5 the first day, the ones of 
zips 6 to 8 the next day, and zips 9 the third day, so they 
all reach the institutions the very same day (for California 
only - other states please improvise). 
If you get accepted in 10 out of 30, each with a credit 
limit of $1,000, you can have access to $10,000.  This is 
one of the quickest ways of obtaining a loan in the shortest 
time (and the safest). 
A sure-shot way of getting credit card is the secured cards. 
These are credit cards issued against your depositing cash 
in that institution. If you have saving or other checking 
accounts, then you might as well have it at their 
institutions which give credit cards in return. The credit 
requirements of these mentioned ones is not very stringent. 
A good way to raise your credit limit on the secured credit 
cards is  to take cash advances and re-deposit the cash (and 
pay the debt) till you reach  your credit limit. 
Visa and/or MasterCard
There  are  special  bankcard  agencies  that  will  issue  
a  Visa and/or MasterCard to anyone that opens a $300  
savings account at their bank regardless if the person has 
bad credit or no credit. It makes no difference if you have 
a bankruptcy. You're guaranteed the cards regardless hoe bad 
you credit might he if you open the savings account at the 
bank!   You would receive your card within 30 days from the 
time you open your savings account with them. The credit 
limit on the card matches dollar for dollar with the amount 
of money in your savings account. 
A lot of people can't part with $300 for long because of 
bills that are  pressing  them.  There's  a  way  around  
this.  Go ahead and open  the  savings account and get  the 
card.  Then go to a Western Union and make a  $300 cash 
withdrawal  on your  card  and you have your money right 
back plus the card.  Even though you can't charge anymore  
because  you've reached your credit limit, you can still  
use  the  card  for  identification or  check  writing  
purposes.  Then you can pay your bill down a little at a 
time as opposed to putting up the entire $300 at one time 
and leaving it in the savings account. 
Another way to get around not paying out  the entire $300 at 
one time  is  for you to work with a close  family member or 
 friend  in splitting  the  $300  cost  to get  the card.  
Decide on which one  of you is going to apply for the card 
first. And when that person gets his  card  he's  to make  a 
 $300 cash withdrawal on it  so the other person  can  apply 
 for  his  card.  When  the   second  person gets his card 
he's to make a $300 cash withdrawal on it also and give his 
partner his  $150 investment back. This procedure will work 
for as many as 3 people putting up $100 each to help each 
other get their cards. 
There's  also  a  maneuver  that  a  person can  utilize 
with  his secured card that will show him more credit worthy 
than he actually is. It will cause banks to loan him more 
money and quicker.  And it will make creditors want to give 
you things that they normally would not have.  In order to 
do this you have to be patient and you can't make any