Solve your debt in 5 days or less!
charges on you card until you've gotten where you want to
be. If you can afford it secure you a Visa and MasterCard.
Use one for your personal charges and use the other for the
following purpose.
First of all, the bank that issued your secured card will
report to the credit bureau the transaction. And on
your credit report will be the banks name along with your
credit limit and credit ratio. At first your credit limit
will be only $300 if that's all you put in the savings
account that's required for the card. When you get your
card make a $300 cash withdrawal on it and put it in the
savings account you used to get the card with your original
$300. Then you'll have $600 in the saving account- and the
bank will report this to the credit bureau which will
automatically boost your credit limit on your card and
credit report to $600. This move will allow you to make
another $300 withdrawal on your card because you've only
made one $300 withdrawal but you have $600 in your savings
account. So go and make another $300 withdrawal on your
card and deposit it into your savings account and this will
automatically boost the credit limit on your card and
credit report to $900. Repeat this procedure and your
limit will he $1,200. continue until you feel that your
monthly payments have reached the limit of what you want to
pay. Some people have reached a credit limit on their
credit report of $5,000!
The object of this maneuver isn't to reach a high credit
limit on your card but rather it's to show the highest
possible credit limit on your credit report. Even though
your card may have a $5,000 credit limit the fact remains
that it's all charged up. But when creditors or banks
see a $2,000 or $5,000 spending limit on your credit
report they'll think that you are a preferred customer at
the bank that issued you the card. They know that banks
don't give out $2,000 - $5,000 spending limits on a major
credit card to anyone so therefore they'll think that you
are somebody special and will be glad to give you the
loan or whatever you're applying for on credit within
reason especially if they can look back over time on
your credit report and see that you made your payments on
time every month. But what they won't know is that you were
not a preferred customer at the bank but rather you
took advantage of a special Visa and MasterCard program
that required for you to secure the card by opening a
savings account at the bank with a minimum of $300. And
that you legally maneuvered your way to a $2,000 - $5,000 or
more spending limit that made you look like you were a
preferred customer at the bank. But as the old saying goes,
"What a person doesn't know won't hurt him." In
rebuilding credit it takes time to walk up the credit
ladder. Utilizing this maneuver you'll get things on
credit in a few months that would have taken a few years to
get if you had not done it because it made you look more
credit worthy than you actually were according to the
standards of most creditors.
The National Credit Bureau is the largest bankcard agency
in America that offers a secured Visa and/or MasterCard.
Their telephone number is 1-800-433-2455. If you call them
requesting their application package they'll send it to you
for $39.95 which is a non-refundable fee that covers the
expense of setting up your savings account at
Transcontinental bank and issuing you the cards. After they
receive your application they'll contact you back in 2 - 3
weeks letting you know that your account has been opened all
the paper work is complete and all that is needed is your
$300 deposit for your savings account. After you send in
your $300 deposit you'll receive your Visa or MasterCard in
2 - 4 weeks. And it's just that simple.
Most people charge their credit card and pay installment
payments each month on a fraction of their debt. Now that is
exactly what the issuing banks want you to do because you
are helping them to stay in business. In fact, that is how
the banks make their money. However it is your loss in the
interest you pay. The new tax laws do not permit you to take
any deductible on the interest payments of your revolving
debt. The right way to charge is to pay the entire balance
WITHOUT paying any interest. That you establish credit as
well not pay any interest. Which essentially means that you
borrowed the money FREE for that period of time. At the same
time, the each in hand can be deposited in interest bearing
deposit to EARN interest money for you. So if you do not pay
in each for your purchases (assuming that you already -have
the each in your hands) but charge it every time at the same
time keeping the each in hand in an interesting bearing
account actually makes you money; which you would have lost
if you would have paid by each.
How long do you think you could charge and not pay back
WITHOUT paying any interest on it ? About one month, right
? WRONG !! It is actually two months. Let us show you how:
Take this case: You have a billing date of the 30th. That
means the bank bills you once a month or charges accrued
during the month, & the bill comes to you dated the 30th.
This bill includes all the charges entered on your account
up to the end of business on the 30th. You do not have to
pay any of these charges for 25 days after the billing date.
After 25 days, interest begins to mount up at 12 to 18
percent in most. So you start with 25 days of FREE credit.
Example: If you make a local charge -before 3 PM on the
29th, a Monday when Tuesday is not a holiday, and your bank
is the same as your retailer's, your real Charge Date is one
day later. That is the 30th, but your billing date is the
30th so the charge will appear on the bill of the 30th, and
you will have to pay it 25 days later.
But suppose you made the purchase after 3 PM on the 29th.
Then your real Charge Date is now two days later, or the
31st. That is because the charge receipts are deposited a
day later by your merchant in his bank.
You will have skipped over the billing date. The charges
will not appear until the next billing date...which is 30
days hence. And you will not have to pay for another 25
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