Solve your debt in 5 days or less!

Because you paid that bill early, you can't take advantage 
of the special deal. If you would have waited to pay it, 
your cash flow would have allowed the purchase, and the 
resulting higher profit margin would have yielded the cash 
to pay the bill. 
So, you see, paying bills later, and not taking advantage of 
any early payment discounts, CAN work to your advantage. You 
need to consider your future plans and decide if saving 2% 
now is really worth it. 


Signature Loans
Here is another passport to success in taking advantage of a 
good deal or profitable transaction when it passes your way. 
"Signature loans are your key to the vault", and because 
they are based on your signature alone, they are also known 
as "Character Loans". No co-signer or collateral is involved 
in a real signature loan. 
With pen in hand, based on your prior credit history and 
also your own experience with the bank, your signature can 
draw from $1,000.00 to $250,000.00. It all depends on your 
ability to pay the money back. 
Once you get your first signature loan with a bank, walk in 
on the day it is due and pay it off with two cashier's 
checks or with two different stacks of money. The first 
check or money stack will be to cover the principal of the 
loan. Be sure to tell him how well you did for yourself as 
you hand over your payment. Tell him not to make any plans 
for the money as you may need to rent it again soon. 
As you pay back the interest portion of the loan, remind the 
loan officer that your good performance and his smart 
decision to give you a loan in the first place was a 
profitable experience for the bank as well. Remind him that 
it's the rent paid on these loans that keeps the bank in 
business. 
Now, let's suppose that your original loan was for 
$3,000.00. As you get up to leave the bank, turn to him and 
say, "Oh, by the way, I may want to rent $5,000.00 in a 
couple of weeks. Will you hold on to $5,000.00 for me?" 
What you are doing is pre-qualifying for a $5,000.00 loan. 
You are saying, "Hey, Mr. Loan Officer, are you going to 
raise my next signature loan to $5,000.00 or is $3,000.00 
the limit?" What can he say? You have just paid off the 
$3,000.00 loan, and the rent for the loan, and you have just 
reinforced the point that the rent, or interest, on the loan 
is what keeps the bank in business and pays his salary. If 
he answers with something like "We'll see.", sit back down 
at his desk and say, "You mean you're not sure? What seems 
to be the problem?" 
It is very important at this point that you get some kind of 
answer from him in advance. It is very unlikely that a "Yes" 
will come forth, but a "sure" or "I suppose" will do. Do not 
leave the bank until he commits to the next loan. With each 
new loan, raise the dollar amount by $2,000.00 increments, 
until you have reached $10,000.00. At that point, you will 
be able to raise the amounts of future loans in $5,000.00 
and $10,000.00 increments. 
When shopping for aggressive banks, ask the loan officer you 
are dealing with if they are a "commissioned" loan officer. 
They are the most aggressive as they are paid a commission 
on all the loans they write. These people will be more eager 
to make you a loan. 

Wipe Out Debts Without Bankruptcy

In 1938 a federal law was passed known as the Wage Earner 
Plan. It is administered by the same branch of our courts 
that handle bankruptcy. You must be a wage-earner to use the 
law - that is the primary requirement. The Wage Earner Plan 
does not in itself 'wipe out' debts, but a little-known 
proviso of your filing requires that your creditors must 
appear to verify your indebtedness to them. Statistics 
indicate that 40% fail to appear, in which case, those debts 
are indeed 'wiped out'. In some cases 100% of the creditors 
fail to appear, which enables you to wipe out ALL your debts 
without bankruptcy. If some of the creditors do appear, then 
the court allows you to spread your payments out over a 
three year period in smaller amounts so that you can afford 
to pay. 
Once you file under the Wage Earner Plan, you stop bill 
collectors, lawsuits, judgements, assignments, seized bank 
accounts, and other actions against you. And to top it off, 
your credit rating is, in many cases, improved because you 
made an honest effort to work with the lending firms. 
Additionally, if the seller used deceptive trade practices 
to induce your purchase, your debt may be wiped out under 
the provisions of the Uniform Commercial Code. Under the 
Homestead Act, your residence can be exempted from levy to 
the extent determined by local law. Check at your local 
courthouse. 


Winning The Credit Card Game

Some banks are eliminating the standard 25 or 30-day grace 
period within which you may pay your bill within being 
charged interest. This is the normal grace period before 
interest kicks in. But this is slowly changing. For example, 
some banks are offering extremely low fixed rates, but 
without a grace period. These cards will charge you interest 
from the date it processes your charge slip. 
If you usually pay your bills in full within the normal 
grace period, it is best you avoid no-grace-period cards. 
The 25 or 30-day grace period is more financially 
significant for you than a lower interest rate. However, if 
you carry a balance each month, you're better off with a 
lower interest rate. In this case, a lower interest rate can 
save you more money than a grace period would. 
Most banks and thrifts charge interest from the day they 
process your charge slip when you use your card to get cash. 
In addition to this, some cards are now assessing cash 
advanced service charges based on a percentage of the amount 
received. It used to be that service charges were based on a 
fixed fee, regardless of the amount of transaction. 
If you avoid interest charges by paying off your bill each 
month, seek out a card that offer very low interest rates 
plus a grace period on purchases. Some institutions 
periodically offer cards with no fee for the first year as a 
promotion. 
Don't be lulled into getting "premium" credit cards such as 
"gold cards" and Premier VISA. The only significant premium 
with these cards is the extra amount you pay in higher 
annual service fees. Besides the fancy finish of the card,