Solve your debt in 5 days or less!

days. 
You get 55 days plus the two days between charge date and 
real Charge Date, for a total free credit of 57 days.  By 
simply shifting your chare form before 3 p.m. to after 3 
p.m., you gain 32 additional days of free credit. 
Obtaining Additional Credit
Now that you have the knowledge of how to start building a 
strong credit profile in your new credit file, you might 
want additional credit.  DON'T BE IN A HURRY TO DO THIS!  If 
you follow my procedure you'll have 3 banks behind you.  
Concentrate on improving your ability to borrow money from 
them and getting other banks behind you if you can.  After 
you pay off your first secured loan, ask the bank loan 
officer what it takes for you to get a small loan without 
having to secure it with a savings account.  That's what you 
concentrate on and follow their advice so you can start 
getting loans on your word!  Then you're on your way! 
When the doors to the credit world open for most people they 
start charging things they really can do without, mainly 
material possessions.  I recommend that you concentrate on 
you being able to borrow the money for the material things 
you want in life.  Then concentrate on your ability to 
travel by getting a couple of airline cards along with car 
rental, car repair cards, and a couple of gas cards.  Other 
than this you might want to get a finance company behind 
you. 
ALWAYS REMEMBER THAT ONCE YOU'RE IN GOOD WITH A BANK, NEVER 
LET THAT RELATIONSHIP SOUR AT ALL COSTS! 



Six Credit Card Secrets Banks Don't Want You to Know
Source: Massachusetts Executive Office of Consumer Affairs 
and Business Regulation 
1. Interest Backdating
Most card issuers charge interest from the day a charge is 
posted to your account if you don¹t pay in full monthly. 
But, some charge interest from the date of purchase, days 
before they have even paid the store on your behalf! 
REMEDY: Find another card issuer, or always pay your bill in 
full by the due date. 
2. Two-Cycle Billing
Issuers which use this method of calculating interest, 
charge two months worth of interest for the first month you 
failed to pay off your total balance in full. This issue 
arises only when you switch from paying in full to carrying 
a balance from month to month. 
REMEDY: Switch issuers or always pay your balance in full.
3. The Right To Setoff
If you have money on deposit at a bank, and also have your 
credit card there, you may have signed an agreement when you 
opened the deposit account which permits the bank to take 
those funds if you become delinquent on your credit card. 
REMEDY: Bank at separate institutions, or avoid 
delinquencies. 
4. Fees Are Negotiable
You may be paying up to $50 a year or more as an annual fee 
on your credit card. You may also be subject to finance 
charges of over 18%. 
REMEDY: If you are a good customer, the bank may be willing 
to drop the annual fee, and reduce the interest rate ‹ you 
only have to ask! Otherwise, you can switch issuers to a 
lower- priced card. 
5. Interest Rate Hikes Are Retroactive
If you sign up for a credit card with a low "teaser" rate, 
such as 7.9%, when the low rate period expires, your 
existing balance will likely be subject to the regular and 
substantially higher interest rate. 
REMEDY: Pay in full before the rate increase or close the 
account. 
6. Shortened Due Dates
Most card issuers offer a 25 day grace period in which to 
pay for new purchases without incurring finance charges. 
Some banks have shortened the grace period to 20 days‹but 
only for customers who pay in full monthly. 
REMEDY: Ask to go back to 25 days.


Establish AAA Credit in 30 Days

To work this plan you need at least $400 to begin. You 
should borrow this from your friends if necessary. Then go 
to a bank of your choice and deposit the $400 into a regular 
passbook savings account. 
Wait a few days for the account to be posted and return to 
the bank to ask for a $400 loan - you offer the passbook as 
collateral. Since the bank is already holding your $400, you 
go to another bank open a savings account lending you 
another $400 and they won't even make a credit check. Then, 
with your borrowed $400, you go to another bank, open a 
savings account, return a few days later, borrow $400 from 
that bank using your passbook as collateral. 
Then repeat the process at a third bank with your borrowed 
$400. Wait a few days to go to a fourth bank where you open 
this time a CHECKING account. Wait a few days and make a 
payment on each of the other three loans. A week later, make 
payments again on the three loans, and continue paying each 
week until you have almost paid off the balance. 
A credit investigation at this point will show you with 
three active bank loans (which are considered hard to get), 
a checking account, and a paying history for the three bank 
loans - with you having paid up in advance. Thus, you have 
AAA credit in as little as 30 days. From here you go on to 
apply for loans, credit cards, and other items on credit. 


The Lure of Bankruptcy

Here is a true story about bankruptcy, and the advantages it 
offers. A husband and wife team of practicing psychiatrists, 
with a joint income of $78,000 per annum, accumulate 
personal debts totaling $22,000, and also have outstanding a 
$33,000 mortgage on their comfortable suburban New York 
home. They are not in arrears, nor even over their heads. 
They simply seek more discretionary spending power. 
Their solution to the problem? They file for bankruptcy and 
are able to immediately reduce their debt load to a mere 10 
cents on the dollar, repayable on an extended schedule in 
very small amounts. An officer in one of their finance 
companies notes that they could refinance the mortgage or 
even sell the house. But you will see in a moment why that 
was not necessary. 
Traditionally, personal bankruptcy has been a desperate last 
resort for those so deeply in debt and harried by creditors, 
that there really seemed to be no other solution. The 
typical profile included low-income, under- educated 
clerical workers or laborers, or perhaps transient 
non-homeowners. Common age groups were those who were in 
their twenties, or those over sixty five years of age. 
This is no longer the case. Today's profile includes people 
with good jobs, even families with two incomes. It is not