HOW TO ESTABLISH OR RE-ESTABLISH GOOD CREDIT By

HOW TO ESTABLISH OR RE-ESTABLISH
GOOD CREDIT
By
Conleth C. Onu
NOTICE
© Conleth C. Onu. All rights reserved. No part of this book may be reproduced by any
means without the prior written permission of the author.
http://www.ConlethOnuPublishing.com
DISCLAIMER
This book is sold with the understanding that the author is not in the business of giving
legal or accounting or any other professional advice. If legal advice, or advice in any
other field is needed, the services of a competent professional should be sought.
The author has endeavored to ensure the accuracy of all information in this book. It is
believed that all material is accurate as of the date of publication. However, the author
specifically disclaims any personal liability, loss or risk, incurred as a consequence
directly or indirectly of the use and application of any information presented in this book.
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NOTICE.........................................................................................................................2
DISCLAIMER...............................................................................................................2
INTRODUCTION .........................................................................................................5
CREDIT REPORTING AGENCIES ...........................................................................6
WHAT’S CONTAINED IN A CREDIT REPORT?....................................................6
REVIEWING YOUR CREDIT REPORT ...................................................................7
HOW CREDITORS RATE YOU.................................................................................8
CURRENT RESIDENCE ...................................................................................................8
TELEPHONE ..................................................................................................................8
EMPLOYMENT HISTORY................................................................................................9
EARNINGS FIGURE ........................................................................................................9
DEPENDENTS ................................................................................................................9
BANK ACCOUNTS .........................................................................................................9
LOAN AND CHARGE ACCOUNTS ...................................................................................9
DELETING NEGATIVE ITEMS FROM YOUR CREDIT FILE..............................9
CREDIT REPAIR COMPANIES...............................................................................11
DEBT VALIDATION: A POWERFUL TECHNIQUE TO FIGHT COLLECTION
AGENCIES..................................................................................................................12
STATUTE OF LIMITATIONS – AN EFFECTIVE TECHNIQUE TO DEAL
WITH DEBT COLLECTORS....................................................................................13
YOUR LEGAL RIGHTS REGARDING COLLECTION AGENCIES ...................15
ESTABLISHING A GOOD CREDIT HISTORY......................................................16
COSIGNING.................................................................................................................17
AUTHORIZED USER.....................................................................................................17
SECURED CREDIT CARD .............................................................................................18
BORROWING TECHNIQUE ............................................................................................18
INSTANT CREDIT ........................................................................................................19
PROTECT YOUR CREDIT .......................................................................................19
CONCLUSION............................................................................................................20
SAMPLE LETTERS FOR CREDIT REPAIR ..........................................................22
REQUEST FOR A COPY OF YOUR CREDIT REPORT .........................................................23
(WITHIN 60 DAYS OF CREDIT DENIAL) .......................................................................23
REQUEST FOR A COPY OF YOUR CREDIT REPORT .........................................................24
(NOT IN RESPONSE TO A CREDIT DENIAL) ...................................................................24
REQUEST FOR DELETION OF NEGATIVE ITEM THAT HAS BEEN ON YOUR CREDIT REPORT
FOR MORE THAN THE PRESCRIBED TIME .....................................................................25
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DISPUTING ACCURACY OF NEGATIVE INFORMATION ...................................................26
REQUEST FOR CORRECTION OF PERSONAL STATISTICS.................................................27
REQUEST FOR CORRECTION OF PERSONAL STATISTICS.................................................28
REQUEST FOR DELETION OF INQUIRY ..........................................................................29
REQUEST FOR DELETION OF UNAUTHORIZED INQUIRY.................................................30
REQUEST FOR DELETION OF NEGATIVE INFORMATION DUE TO EXPIRATION OF
“REASONABLE PERIOD OF TIME” ................................................................................31
REQUEST FOR CORRECTION OF ACCOUNT STATUS (DISPUTING DIRECTLY WITH THE
CREDITOR).................................................................................................................32
DISPUTING DIRECTLY WITH THE CREDITOR ................................................................34
DISPUTING DIRECTLY WITH THE CREDITOR ................................................................35
REQUEST TO PAY FRACTION OF THE DEBT IN EXCHANGE FOR DELETION OF NEGATIVE
INFORMATION ............................................................................................................36
REQUEST FOR INCLUSION OF STATEMENT OF DISPUTE IN YOUR CREDIT FILE ...............38
LETTER OF
REQUEST TO HAVE POSITIVE ITEMS LISTED ON YOUR CREDIT REPORT .39
REQUEST FOR THE CREDIT BUREAU TO DISTRIBUTE CORRECTED CREDIT REPORT........40
LIST OF DEPARTMENT STORES OFFERING INSTANT CREDIT ...................41
DIRECTORY OF SECURED VISA AND MASTERCARD CREDIT CARD
PROGRAMS ...............................................................................................................43
THE SMART WAY TO RAISE UP TO $1500 OR MORE IN JUST ONE
WEEKEND..................................................................................................................49
HOW TO STAY HOME AND MAKE A FULL-TIME INCOME ONLINE ...........51
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INTRODUCTION
This book is for those who want to establish or re-establish good credit. In our
society, if your credit is good, chances are you’ll have access to some of the better
things in life.
Establishing a good credit history is an important part of your personal and
financial future. The information in your credit report affects whether you can get
a loan or credit, and how much you will have to pay for it. The better the credit
rating, the better chances for you to get a lower interest rate.
Bad credit can make life very difficult for you. A bad credit rating will make it
difficult to get any type of loan, or do things that require a good credit history.
Most people believe that they need the help of a professional to bring their credit
rating back to good standing. While a professional's assistance can be helpful it is
quite simple to do it on your own. With the right information you can erase
negative entries on your report and establish a good rating.
If you have no credit record, or if you have a poor or an okay credit rating and just
want to improve it, this is for you. You are about to discover how you can
establish or improve your credit profile.
It is time for you to stop missing out on the finer things in life simply because of
no credit or bad credit. You can use the quick, sure and easy methods described in
this book to begin building up a good credit history.
This book presents specific techniques that you can use to establish or rebuild your
credit. It gives you step-by-step instructions on what to do to remove negative
items and to get positive credit items added to your credit profile. You’ll find that
it’s probably easier than you think.
I’ve included Sample Letters For Credit Repair. I’ve also included the following
reports; A List Of Department Stores That Offer Instant Credit; Directory Of
Secured Visa And Mastercard Credit Card Programs; The Smart Way to Raise Up
to $1500 or More in Just One Weekend; How To Stay Home And Make A FullTime Income Online.
I wish you success as you begin to take steps to build up your credit.
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CREDIT REPORTING AGENCIES
Credit reporting agencies, also known as credit bureaus, collect and sell
information about consumers’ credit histories. They collect information about
consumers’ payment habits from creditors such as banks, credit card companies,
savings and loans, credit unions, IRS, department stores, finance companies, and
landlords.
These histories contain information that businesses use to evaluate applications for
credit, employment, insurance, and other purposes allowed by the Fair Credit
Reporting Act (FCRA).
The credit bureaus sell your personal information for money. Because more than
one credit bureau may have a file on you, contact each until you have located all
the credit bureaus maintaining your file.
The following are the three major credit bureaus in the United States.
Experian
P.O. Box 2002
Allen, TX 75013
(888)397-3742
www.experian.com
Transunion
P.O. Box 1000
Chester, PA 19022
(800)916-8800
www.transunion.com
Equifax
P.O. Box 740241
Atlanta, GA 30374-0241
(800)685-1111
www.equifax.com
WHAT’S CONTAINED IN A CREDIT REPORT?
A credit report contains information compiled by the credit bureaus from banks,
finance companies, stores, and other credit granting institutions, from public
records and other sources.
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Any time a person applies for credit in any form, the prospective creditor will run
a credit check on the person at one of these credit bureaus. The credit report gives
these creditors a quick and convenient method of evaluating the person’s
creditworthiness – whether or not to grant the person’s request for credit.
The contents of a credit report can be divided into five main categories:
The first section usually features identification information. This includes your
first name and last two addresses, social security number, date of birth, and place
of employment, and marital status.
Next will be your credit history. This section will provide detailed information on
the accounts that are listed. This includes the name of the creditor, the subscriber
number, account number, type of account, date account was opened, credit limit,
current balance, your monthly payment schedule and your repayment history.
Also shown on your credit report are any collection attempts, court judgments,
foreclosures, tax liens, bankruptcies, garnishments, or other public records that
have been issued against you.
There is a section that shows the number of times creditors have checked your
credit report. Each time a creditor pulls a credit report on you, this is listed on your
report and stays on for up to two years. When you request for credit, and sign the
application form, you are authorizing the creditor to check your credit history.
Finally, there is a section of the credit report known as the “consumer statement.”
This allows you to include a statement of up to one hundred words in length about
any items in your report to which you may disagree or feel needs some
explanation.
REVIEWING YOUR CREDIT REPORT
Prior to filling out any credit application, be sure you review your credit file. This
will enable you to fix any errors before a would-be credit grantor sees it.
Mistakes occur at the credit bureaus. They maintain files on several million
consumers. So it is likely that erroneous information may be on your credit file,
and that could prevent you from obtaining the credit you want.
It is important that you check your credit report before requesting credit to make
sure incorrect or derogatory information doesn’t show up.
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You can obtain a copy of your credit report for a small fee. If you’ve been denied
credit because of the information on your credit file, you can get a copy for free, as
long as you request it within 60 days of being denied credit.
The denial notice will show the reasons you were turned down and the name of the
credit bureau that supplied the report.
HOW CREDITORS RATE YOU
Most credit grantors utilize a credit scoring system when evaluating credit
applications. They rate the different points on an application. Then the total score
is tallied.
This helps creditors to evaluate your application and determine whether to extend
credit to you or not. If you score high, it’s an indication that you are a “good credit
risk.” That is, if your score equals or exceeds a predetermined score, it shows that
you are likely to pay your debt.
Here are some of the categories that credit grantors use as a rule to determine your
creditworthiness.
Current Residence
The longer you have lived at your present residence, the better. If you own your
own home or have rented in the same location for several years, it is a good sign to
the creditor that you are likely to pay your obligations.
Most creditors like to see at least two years of residence in one place. Creditors are
suspicious of people who move around a lot. By staying in one place instead of
moving around often, you give the impression of stability, which is an important
characteristic to creditors.
Telephone
Creditors want applicants to have a listed telephone. No telephone can look
suspicious. It is a good idea to get a telephone listed in your name.
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Employment History
The longer you have been with the same employer, the better. Having a steady
source of income is a good sign.
Earnings Figure
The higher your income, the more points you’ll score. Many systems don’t
consider this as a very good indicator. Instead, they give more consideration to
disposable income and stability of income. If you have a steady income that meets
all needs, it’s a good sign.
Dependents
Too many dependents mean a lot of financial obligations. The idea is that it makes
it difficult to repay when there are so many dependents straining the budget.
Bank Accounts
You’ll score lots of points if you have both a checking and savings accounts. The
creditor will be suspicious if you don’t have any bank accounts.
Loan And Charge Accounts
You’ll score positive points if you have bank loan and charge accounts, and you
pay promptly and regularly.
Negative items in your credit file will give you negative points. The more negative
items, the more your score will be reduced. You’ll score negative points if you’re
turned down by many creditors.
DELETING NEGATIVE ITEMS FROM YOUR
CREDIT FILE
Under Federal law, both the credit bureau (credit reporting agency) and the
creditor that supplied the information to the credit bureau have responsibilities for
correcting errors in your credit report.
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Negative credit information is reported on a credit file for seven years. An
exception is bankruptcy, which may be reported for ten years, and in some places
up to fourteen years.
When you obtain your credit report, examine it carefully. If there are negative
items that are over seven years old, contact the credit bureau and demand that they
remove the items.
The law allows you to correct and update incorrect information on your credit
report and to submit a consumer statement of no more than 100 words in length
explaining your side of the story.
To correct an error, here are the steps you can follow:
Contact the credit bureau in writing and let them know of the problem. Send your
letter by certified mail, return receipt requested, so you can have proof that they
received it. Keep copies of your dispute letters and enclosures.
The credit bureau is required by law to correct the error. They will usually
reinvestigate the disputed item by contacting the creditor which provided that
information.
The credit bureau must reinvestigate the disputed item within 30 days or delete it
from your file. If the item is inaccurate or cannot be verified, it must be deleted
from your file.
Continue the dispute process until all or most of the negative items on your credit
report are removed.
You may run into vindictive creditors who will make every effort to see to it that
they re-verify the disputed item. So if you owe them, try to negotiate a settlement.
You can offer them a percentage of the debt as full settlement of the account if
they will in turn delete the negative notation from your credit report.
If they still refuse, then offer to pay in full, and insist that the negative remark be
changed to a positive rating. If they still turn down this offer, then request that
they remove the entire transaction from your report.
Once they agree to this offer, have them sign and date the settlement proposal and
return it to you, before you send the payment.
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If a reinvestigation does not resolve your dispute, you can file a written statement
of up to 100 words explaining the situation. The credit bureau is legally obligated
to include this statement in your credit file.
After completing their reinvestigation, the credit bureau must provide you with a
free copy of your report if the dispute results in a change.
At your request, the credit bureau must send a corrected copy of your credit report
to anyone who received your report in the past six months and all employers who
received a report within the last two years.
When you dispute a negative item on your report and the credit bureau fails to
respond within the allotted time, contact them demanding that they remove the
negative item. Under the law, the credit bureau is obligated to remove the adverse
information from your report.
If you have any complaints against the credit bureaus, contact:
Federal Trade Commission
Pennsylvania Avenue at 6th St., N.W.
Washington, D.C. 20580
www.ftc.com
CREDIT REPAIR COMPANIES
Many credit repair companies claim to delete derogatory credit with the flick of a
wrist. Remember, there’s nothing anyone out there can do for you, for a fee, which
you cannot do for yourself for little or no cost.
You have the right, under the Fair Credit Reporting Act, to dispute inaccurate or
incorrect information in your credit file. If they can’t prove the item, they must
delete it. This is how credit repair companies get negative items erased.
They know that once the clock starts rolling, the creditor probably won’t be able to
re-verify the disputed information within the specified amount of time (30 days)
and the credit bureau will then have to delete the negative item. Information that
cannot be verified within the allotted amount of time must be dropped.
What the credit repair companies do is they deluge the credit bureaus with
reinvestigation requests, which, if left unanswered for 30 days, allow the
derogatory item to be deleted from their client’s credit report.
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So they simply use this trick to get items deleted from their client’s report. In fact,
you can delete many negative credit items, regardless of whether or not the items
are technically accurate.
DEBT VALIDATION: A POWERFUL
TECHNIQUE TO FIGHT COLLECTION
AGENCIES
If collection agencies are harassing you with repeated phone calls, don't despair.
The laws put you in the driver's seat, so take advantage.
You have the right to "validation". Debt Validation is an extremely powerful
method of removing negative credit items. This is demanding that the collection
agency prove to you that the account is really your responsibility, and that the
balances, etc are accurate. They must also prove that they have legal right to
collect the debt.
A validation letter is used when the original creditor has sold or assigned the debt
to a collection agency. If they can’t validate then you don’t pay.
They must stop all collection activity, including reporting and verifying, until they
send proper validation to you after a written request.
Write a letter to the collection agency and demand that they send you
documentation that this is your account. Demand that this proof include a contract
that was signed by you. Also ask the debt collector or collection agency to show
proof they have a contract with the original creditor that they have the right to
collect on their behalf.
Send your letter by certified mail return receipt requested. That way, you have
proof that they received your letter. Keep records when mail was received and be
sure to retain copies of everything you sent.
You'd be surprised how many collectors have nothing more than a computergenerated printout of the debt. That is called “Debt Verification.” Unfortunately
this does not legally prove anything other than the fact that the consumer’s
information is associated with the collection account in the debt collector’s
database. Anything can be typed into a computer system, printed out, and mailed.
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They must get the original contracts directly from the original creditor and send
them to you. That is, a copy of the contract you first signed with the original
creditor agreeing to pay the debt. This is true “Debt Validation.” In a court of law
this is often the only documentation that proves beyond a reasonable doubt that the
individual does, in fact, owe the debt.
Many companies purchase large groups of charged-off bad debts for a small
percentage of the "face value" (amount owed.) and then goes after the debtor to try
to collect. Often times, when the junk debt buyers purchase these debts, they
simply receive basic information about you and the amount of debt on a
spreadsheet with many other names, address, and social security numbers of other
consumers. They typically do not have any proof from the original creditor.
Their failure to respond within the 30 days is a violation of the Fair Debt
Collection Practices Act. If the collection agency doesn't validate your debt, then
they can no longer collect the payment and they are required to stop contacting
you.
If they fail to validate, you need to send a letter to the collection agency asking
them to remove the collection listing. You should also inform them that if they
don't remove the collection listing, you might sue them for violation of the Fair
Debt Collection Practices Act (FDCPA). Give the collection agency 15-20 days to
remove the negative item from your report.
Send each letter certified, return receipt requested, so you have a paper trail proof
of who signed for the letter and when.
They'll either remove the negative listing or they won't respond at all. If they do
not remove the listing, write them again and threaten. Don't be timid. Tell them
that they either delete the negative item from all three of your credit reports or
you'll sue them.
If the collectors don't remove the collection listing from your report, then you can
sue them because they have violated the FDCPA.
STATUTE OF LIMITATIONS – AN EFFECTIVE
TECHNIQUE TO DEAL WITH DEBT
COLLECTORS
Are you being hounded by a debt collector for an old debt you thought was written
off years ago? If so, it is likely you are being contacted by a junk debt buyer,
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which is a company that purchases old debt from original creditors for literally
pennies on the dollar and go after old, written off debt with a vengeance
If a debt collector contacts you regarding an old debt, simply tell them that the
"Statute of Limitations has expired on this debt and do not contact me again". Do
not admit that you owe the debt and do not agree to make any payments.
If the Statute of Limitations has run out, you no longer have a legal obligation to
pay this debt. You are safe from legal lawsuits. Any attempt on their part would be
simply wasting their time and money. They still have the right to attempt to collect
this debt. They just don’t have the ability to sue for your it or try to garnish your
wages or property.
All they are left with is the ability to call and harrass you. But you can put a real
quick stop to that. Write them a letter demanding that they stop contacting you.
Demand that they “Cease and Desist” all communications with you. This means
no more phone calls or letters. Send the letter by certified mail return receipt
requested.
Know your legal rights regarding collection agencies. If they ignore your request
and keep contacting you, you have grounds to sue them under the Fair Debt
Collections Act, and you can win $1000 in the lawsuit very easily.
From what date does the time period start?
Generally, the clock starts ticking from the date you made your last payment to the
creditor. So check your state’s Statute of Limitations on written contracts.
If a collection agency sues for a debt when the Statute of Limitations has expired,
don’t ignore the lawsuit. Make sure you appear in court and let the court or judge
know the debt is, indeed, time-barred and the Statute of Limitations has expired.
Important Note: Do not talk to the collection agency. Collection letters will always
encourage the debtor to call the collection agency on the phone. It's always a good
idea to deal with collection agencies in written communication only. Always send
the letter via certified mail, return receipt requested. And be sure to state in the
letter “this is not an acknowledgment of the debt and the Statute of Limitations has
expired.”
Warning: The following is a common tactic used by the collection agencies to try
to collect on an old debt. The collection agency attempts to get you to pay a small
portion of the debt. If you do, then the Statute of Limitations might start running
all over again, giving them the legal right to sue you. It is very important that you
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be aware of your rights and the laws that protect you as a huge number of these
debt collectors will use any trick to get you to pay what they claim you owe.
Whatever you do, don't send a small payment trying to get them off your back.
The Statute of Limitations can be restarted, even if it has expired, in some states
simply by making a payment on the old debt, acknowledging you owe the debt or
making a written promise to pay the debt. Keep this in mind when dealing with
debt collectors.
YOUR LEGAL RIGHTS REGARDING
COLLECTION AGENCIES
Are debt collectors calling and harassing you? Have they been calling at all hours
of the day and demanding money and you just want the calls to stop?
In case you don't know, many of these collection agencies don't play by the rules
and they're not about to tell you what the rules are, even if they're supposed to.
They know most consumers don't know their rights and take advantage of it.
Collectors tend to focus on fear and intimidation, since those things can work
much more quickly, cheaply, and efficiently than legal action.
You don't have to take harassment from a creditor or debt collector. If you're being
hounded by bill collectors, don't be intimidated. Consumers do have rights.
The Fair Debt Collection Practices Act protects you if your creditor has given your
account to a third-party collection agency. Knowing your rights as a debtor can
help you stop this abuse and harassment from collection agencies.
Collection agencies are not allowed to do the following:
 Call you at work, if they know your employer disapproves. Since bill
collectors usually don't know your work rules, you should advise them of
this.
 Call your home before 8 a.m. or after 9 p.m., and if you put your request to
stop calling in writing, they have to stop. In that case they can only contact
you in writing to say they’re taking you to court (which they won’t bother
doing).
 Address you in an abusive manner.
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 Threaten to sue unless they are actually taking legal action. In some states,
third-party collection agencies may not sue.
 Falsely claim to be an attorney, a representative from a credit bureau or a
member of law enforcement.
 Threaten you with arrest or jail.
 Call family or friends in an attempt to collect your debt. The debt collector
may not contact anyone other than your attorney. If you do not have an
attorney, a collector may contact other people, but only to ask for your
phone number or address; they are not allowed to discuss the debt. Debt
collectors usually are prohibited from contacting such permissible third
parties more than once. .
Under the Fair Debt Collection Practices Act (FDCPA), debt collectors cannot
harass you. If any of the above is happening to you, tell the collection agency to
stop harassing you. If it continues, find out their name and address and file a
complaint with the Better Business Bureau, the Federal Trade Commission or your
state's attorney general's office.
You don’t have to put up with harassment and abuse. Remember that Federal
Laws are on your side. Don't be intimidated by collection agencies. Make them
understand that you know your rights, and they will leave you alone and look for
easier targets.
You can sue a debt collector for violation of the FDCPA.. You have up to one year
after the alleged violation to sue. Report any problems you have with a debt
collector to your state Attorney General’s office (http://www.naag.org ) and the
Federal Trade Commission (http://www.ftc.gov ).
Many states have their own debt collection laws that are different from the federal
Fair Debt Collection Practices Act. Check out the laws in your state, and The Fair
Debt Collection Practices Act. Your Attorney General’s office can help you
determine your rights under your state’s law.
ESTABLISHING A GOOD CREDIT HISTORY
If you’ve ever applied for any type of credit, there is a file about you. This file is
called a credit report.
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Your credit report provides the creditor with the information they need to evaluate
your credit application. It shows how responsible you’ve been in paying your
obligations and helps the credit grantor decide how much credit to extend.
Your credit file is created the first time you apply for credit. Let’s say you have no
credit file, and you go to a bank or store and complete an application for credit.
The bank or store, in order to determine whether you are a good credit risk
(someone who is likely to pay his obligations) will send the information on your
application to the credit bureau. Since you have no credit file, it will come back as
“no credit file.” The credit bureau will then start a file on you.
If you have no credit file, or if you have poor or an okay credit, there are steps you
can take to begin establishing or rebuilding your credit.
Cosigning
If you cannot get credit on your own, you can ask someone with a good credit
history to cosign for you. This means that the cosigner promises to repay the loan
or credit card charges if you default.
Since the cosigner is legally responsible to repay your indebtedness if you should
fail to pay, his or her credit history will be used when evaluating your credit
request.
Authorized User
If you know someone with an established credit history, perhaps a friend or a
relative, to add you to an account as an authorized user, you can in effect borrow
this person’s credit history.
The account holder must contact the credit card company and request that you be
added on his account as an authorized user.
Once your name is on the account, information concerning the account will be
reported in your credit file.
Before using this method, make sure the credit card issuer agrees to list your
friend’s good payment history on your credit report.
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Secured Credit Card
Consider a secured visa and mastercard. These cards are excellent ways to build
your credit. A secured credit card is guaranteed by a deposit that you make with
the financial institution. If you default, your security deposit will be used to cover
the purchases you made on the card.
The credit limit on your secured credit card is based on a percentage of your
deposit up to a maximum amount. The credit limit may vary from bank to bank.
This ranges from 50% to 100% of your security deposit.
If your deposit amount was $1000 and the percentage that the limit is based on is
50%, $500 will be your credit limit. If the bank grants you 100% of the deposit,
your credit limit will be $1000. Some banks may offer a credit limit greater than
the amount deposited.
The interest rates on these cards vary widely. Also the annual fees, setup fees and
other applicable fees can vary from bank to bank.
Secured visa and mastercard are used the same way as any other visa or
mastercard is used. No one will be able to tell that you have a secured card. They
look like any other visa or mastercard.
Borrowing Technique
This is done by taking out bank loans. Take some money you’ve saved and open a
savings account. Let’s say you decide to deposit $1000 in the savings account.
Tell the bank manager that you would like to borrow against that amount.
Usually the bank will grant your request since there is no risk to the bank if you
fail to make the payments. The bank will keep your passbook and they won’t give
you an ATM card for the account. So you have no access to the money in your
savings account.
Make sure that the bank reports these loan payments to credit bureaus. Tell each
bank that you want your loan payments to be reported each month to the major
credit bureaus.
You’ll lose a little money on the transaction. Remember, this is a business deal
and the bank is making money by charging you interest on the money you
borrowed.
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You may want to pay the loan off early. But be sure that the bank will allow you
to pay the loan off early without an interest penalty.
Next, take your new $1000 loan and use it to open a savings account at another
bank and follow the same steps at two or three banks.
Use the money you borrowed from the last bank to help you make the first few
payments on these loans. So deposit this money in your checking account.
Continue making payments on these loans for a minimum of four months, then
pay off the balance with a lump sum. After you’ve paid off the loan, go back to
each bank and ask that your money be freed up.
Instant Credit
Once you have obtained a visa or mastercard, it becomes much easier to obtain
other forms of credit. “Instant credit” is a perfect example.
Many department stores will extend you credit if you have your very own major
credit card. You simply show a major credit card like visa or mastercard, a driver’s
license, and sometimes a paycheck stub. They’ll have you fill out the instant credit
application, and you’ll receive credit on the spot.
When you are working on establishing credit, remember that too many credit
requests at the same time can look bad. The inquiries are recorded on your credit
report. Inquiries are the names of creditors and others who checked your credit
record. Too many inquiries at the same time can be suspicious.
PROTECT YOUR CREDIT
Once you’ve established credit, you must use it carefully. If you don’t, you may
damage your credit rating and create credit problems for yourself that can be
difficult to rebuild.
Once you get a credit card, sign it immediately to prevent someone else using it.
Read the accompanying papers. Note that these important papers have information
like what you should do if your card is lost or stolen. Also you’ll find customer
service telephone number and other information you’ll need.
19
Many card issuers require that you call them to activate your card. This step is
required to prevent fraud and to give you more information regarding your
account.
Protect your card and account information from theft. Keep your account
information to yourself. Never give out your credit card information to people you
don’t know or have no business with. Someone can use this information to defraud
you, or even assume your identity. So be very careful when giving out your credit
card number or expiration date over the telephone.
Keep records of purchases so you can compare charges when your statement
arrives. Never throw away sales receipts. They’re helpful in this case. If there are
discrepancies, report them to the card issuer immediately.
While a credit card makes it easy to enjoy needed items now and pay for them
later, you can put yourself knee-deep in debt if you’re not careful. If you start
having difficulty making the required payments, you could damage your credit
record. With a bad credit you’ll find it difficult to purchase those big-ticket items.
The thrill of obtaining lots of charge accounts may lure you into charging more
than you can pay in monthly payments. Don’t go on a spending spree. Don’t let
open credit excite you into purchasing things you wouldn’t normally have. Resist
this urge.
Keep to your budget and always make the required payments. A good credit
history is an asset. In our society, it is a necessity. It makes it easier to finance a
car or home, get insurance or rent an apartment, and even get a job.
CONCLUSION
Once you’ve established credit, you must use it carefully. If you don’t, you may
damage your credit rating and create credit problems for yourself that can be
difficult to rebuild.
Once you get a credit card, sign it immediately to prevent someone else using it.
Read the accompanying papers. Note that these important papers have information
like what you should do if your card is lost or stolen. Also you’ll find customer
service telephone number and other information you’ll need.
Many card issuers require that you call them to activate your card. This step is
required to prevent fraud and to give you more information regarding your
account.
20
Protect your card and account information from theft. Keep your account
information to yourself. Never give out your credit card information to people you
don’t know or have no business with. Someone can use this information to defraud
you, or even assume your identity. So be very careful when giving out your credit
card number or expiration date over the telephone.
Keep records of purchases so you can compare charges when your statement
arrives. Never throw away sales receipts. They’re helpful in this case. If there are
discrepancies, report them to the card issuer immediately.
While a credit card makes it easy to enjoy needed items now and pay for them
later, you can put yourself knee-deep in debt if you’re not careful. If you start
having difficulty making the required payments, you could damage your credit
record. With a bad credit you’ll find it difficult to purchase those big-ticket items.
The thrill of obtaining lots of charge accounts may lure you into charging more
than you can pay in monthly payments. Don’t go on a spending spree. Don’t let
open credit excite you into purchasing things you wouldn’t normally have. Resist
this urge.
Keep to your budget and always make the required payments. A good credit
history is an asset. In our society, it is a necessity. It makes it easier to finance a
car or home, get insurance or rent an apartment, and even get a job.
21
SAMPLE LETTERS FOR CREDIT REPAIR
The following letters are meant to give you an idea of how to write your own
credit repair letters. You can use them as guidelines to help you create powerful
letters that get the job done.
22
Request for a Copy of Your Credit Report
(Within 60 Days of Credit Denial)
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
I was denied credit within the past 60 days based upon a review of my credit
report as furnished by your agency. Please send me a free copy of my credit
report. I have included a copy of my rejection notice.
The following information is for identification purposes.
Full Name:
Current Address:
Previous Address:
Social Security Number:
Date of Birth:
Thank you for your cooperation and immediate attention to this matter.
Sincerely,
(Your Signature)
23
Request for a Copy of Your Credit Report
(Not in Response to a Credit Denial)
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
Please send me a copy of my credit report. I have enclosed a check in the amount
of $___. The following identifying information should help you fulfill my request.
Full Name:
Current Address:
Previous Address:
Social Security Number:
Date of Birth:
Thank you very much for your cooperation and prompt attention to this matter.
Sincerely,
(Your Signature)
24
Request for Deletion of Negative Item That Has Been on Your Credit
Report for More than the Prescribed Time
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
After a careful review of my credit report, I discovered that the following account
has been reported on my credit report for more than seven years (or ten years as
the case may be).
Subscriber Name:
Subscriber Number:
Account Number:
Under the Fair Credit Reporting Act, negative information must be removed from
a credit file after the statute of limitations period has expired. This account is past
the statute limit.
I hereby request that you immediately delete this item from my credit report, and
send me a corrected copy of my report.
Sincerely,
(Your Signature)
Your Name
Social Security Number
Date of Birth
25
Disputing Accuracy of Negative Information
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
I have recently reviewed my credit report. The following item, which is recorded
on my credit file, is inaccurate and is highly injurious to my credit history.
Subscriber Name:
Subscriber Number:
Account Number:
This account is not mine. I have never had an account with this creditor. Please
investigate and remove this inaccurate data in order to show my true credit history,
and provide me with the results of your investigation within a reasonable period of
time.
Thank you for your prompt cooperation.
Sincerely,
(Your Signature)
Your Name
Social Security Number
Date of Birth
26
Request for Correction of Personal Statistics
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
I recently received my credit report and it shows a checkpoint that my name is
Tony J. Johnson. I have never used this name. This must have been a clerical error
from a creditor inquiring into my credit history. My name is Tony R. Johnson.
Please delete this inaccurate data from my credit file, and forward to me a copy of
the corrected report.
Sincerely,
(Your Signature)
Your Name
Social Security Number
Date of Birth
27
Request for Correction of Personal Statistics
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
My credit report shows a checkpoint, indicating that my Social Security Number is
123-54-6789. This erroneous information is highly injurious to my credit history.
It is possible that a clerk at the bank must have mistakenly transposed the number.
Please remove this checkpoint. My Social Security Number is 123-45-6789.
Please send me an updated copy of my report.
Thank you for your cooperation and immediate attention to this matter.
Sincerely,
(Your Signature)
Your Name
28
Request for Deletion of Inquiry
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
I have recently received a copy of my credit report, and I saw an inquiry that
should not appear on my report. I do not recall applying for credit with this
creditor.
Name of Subscriber:
Date of Inquiry:
I hereby demand that you immediately investigate and delete this item from my
file. Please provide me with a corrected copy of my credit report.
Thanks for your immediate attention to this matter.
Sincerely,
(Your Signature)
Your Name
Social Security Number
Date of Birth
29
Request for Deletion of Unauthorized Inquiry
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
While reviewing my credit report, I saw an inquiry made by (name of creditor). I
never authorized this company to inquire into my credit history. This erroneous
data is highly injurious to my credit history.
Name of Subscriber:
Date of Inquiry:
I hereby demand that you immediately delete this inquiry from my credit report.
Please provide me with a copy of the corrected report upon correction.
Thank you for your immediate attention to this matter.
Sincerely
(Your Signature)
Your Name
Social Security Number
Date of Birth
30
Request for Deletion of Negative Information Due to Expiration of
“Reasonable Period of Time”
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relation
Dear Sir/Madam,
On June 5, 2010 I sent you a letter disputing certain items on my credit report that
I believe to be incorrect. To date I have not received any response. I am wondering
why you have not responded to my request.
In accordance with the Fair Credit Reporting Act you must insure the correctness
of reported information. Also, you must comply with your obligation to respond
within a “reasonable period of time” (legally defined as thirty calendar days).
Therefore, I hereby demand that these items be promptly deleted from my credit
report. A copy of my previous letter is enclosed for your reference.
I would appreciate your prompt attention to this matter, and your sending me a
corrected copy of my credit report immediately afterward.
Sincerely,
(Your Signature)
Your name
Social Security Number
Date of Birth
31
Request for Correction of Account Status (Disputing Directly with the
Creditor)
Your Address
Date
Name of Creditor
Address of Creditor
Attention: Credit Department
RE: Account #_________________
Dear Sir/Madam,
I saw a negative remark on my credit record indicating that I owe you $312. I tried
to have this negative information removed from my credit file, by disputing
directly with the credit bureau. But this erroneous remark still remains. This has
been very annoying.
I made purchases with my charge card. I made payments as agreed for several
months. I subsequently sent you a third party check. This person who issued me
the check had owed me $187. He paid me with a check, which I accepted and
endorsed it over to your company. Your office accepted the check and cashed it. I
paid off the remaining balance of $125 in full with a money order.
I paid promptly and I don’t owe any money on this account. I don’t see any reason
why my positive credit record with your company should be showing negative at
the credit bureau. This is in violation of the Fair Credit Reporting Act (FCRA).
Check your records very well, and correct this error.
I have sent numerous dispute letters to the credit bureau, in order to resolve this
reporting error, but each subsequent letter brought back no positive response. My
credit file still shows the erroneous remark and as a result, I have suffered severe
financial setbacks and emotional distress. I’m not going to take it anymore.
Your representatives remain convinced that the computer is infallible. I know
otherwise and, at the suggestion of my attorney, I think it fair to give you a final
chance in the hope that you’ll be able to straighten out this matter.
Please inform the credit bureaus to change the status of this account to a positive
rating so that no further action will be required. Also, notify me as soon as this
matter has been taken care of, so I can review my updated credit file.
32
Thank you for your anticipated help in resolving this problem.
Sincerely,
(Your Signature)
Your Name
33
Disputing Directly With the Creditor
Your Address
Date
Name of Creditor
Address of Creditor
Attention: Credit Department
Dear Sir/Madam,
While reviewing my credit report, I saw an inquiry made by your bank on March
5, 2010. I have never applied for credit at your bank, so this inquiry was not
authorized by me.
Be advised that you are in violation of the Fair Credit Reporting Act and have
made illegal inquiry into my credit history.
I hereby demand that you immediately have this inquiry deleted from my credit
file, or face legal action. And, be sure to notify me immediately following deletion
of this inquiry.
Sincerely Yours,
(Your Signature)
Social Security Number
Date of Birth
34
Disputing Directly With the Creditor
Your Address
Date
Name of Creditor
Address of Creditor
Attention: Credit Department
Dear Sir/Madam,
While reviewing my credit report, I saw a negative item, which was reported by
your company. I have never had an account with your company. This is highly
injurious to my credit history.
Through numerous letters I have tried for several months to have this item deleted
from my credit file, by disputing directly with the credit bureau. But each
subsequent copy of my report shows the inaccurate item. This has been time
consuming and annoying.
I have had enough patience. Before I go to make a formal complaint with the
Federal Trade Commission (FTC) and/or bring a lawsuit, I am giving you one
more chance to correct this error, or else we will have to resolve it in court.
I demand that you give me a full explanation and supply me with documentary
evidence, which include, items purchased, date of each purchase, and signature
card showing signature of the person who opened the account and/or who made
the purchase.
Please respond to this letter by June 5, 2010. Be advised that unless you correct
this error or respond by the above date, I will take legal action against you.
I hope that we will be able to resolve this problem, so that no further action will be
required.
Sincerely Yours,
(Your Signature)
Your Name
Social Security Number
35
Request to Pay Fraction of the Debt in Exchange for Deletion of
Negative Information
Your Address
Date
Name of Creditor
Address of Creditor
Attention: Collections Department
RE: Account #________________
Dear Sir/Madam,
The purpose of this letter is to resolve our longstanding dispute concerning the
above referenced account. I made purchases with my charge card, and made
payments as agreed for several months.
Due to unfortunate circumstances, I had to leave town for one year. So I sent a
lump sum of money to pay off the bill. During that period of time I lost contact
with your office, even though I filed a “change of address” notice at the Post
Office. But my credit report shows that I still owe you $800. I cannot recall owing
you any money because I made every effort to pay off all of my debts then. As of
now, I cannot prove that I don’t owe you because all of my records have been lost.
With the expenses that I have, I cannot pay the full amount. However, I am willing
to work out the following compromise with you to settle this longstanding dispute.
I will pay you 30% of each dollar owed, as full settlement of this account. This
works out to $240. I will pay $100 immediately, and will then make four monthly
payments of $35. I will make each payment before the first day of the month.
In return, I ask that you have the negative notation removed from my credit record,
as soon as you are in receipt of the initial $100. That is, have the remark changed
to a positive rating (Paid Satisfactorily).
I feel I have made a good effort to settle this debt. This is a better solution for all
of us. Your cooperation in this matter is greatly appreciated, and if you agree with
this proposal please sign in the space below indicating agreement, and return it to
36
me. As soon as I receive this signed acknowledgement, I will immediately forward
you a cashier’s check or money order in the amount of $100.
Thank you very much for your immediate attention to this matter.
Sincerely Yours,
(Your Signature)
Your Name
Agreed To By: __________________________On_______________
(Date)
37
Request for Inclusion of Statement of Dispute in Your Credit File
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
Dear Sir/Madam,
I sent several letters to both you, and the creditor, (name of creditor) concerning a
negative item on my credit report. Despite my attempts, this negative information
still remains on my report.
As I said earlier, this debt has already been paid in full. Since the creditor (name of
creditor) still does not agree with me, please add the following statement of
dispute to my credit file, in accordance with my rights under the Fair Credit
Reporting Act. And, send me an updated copy of my credit report.
“I do not owe (name of creditor). I made payments as agreed for one year. I
stopped making payments only after I discovered a billing error in the statement
for October 2002. I decided that I would not make any more payments until the
problem was resolved. The error was corrected, and they notified me. Three
months later, I paid the balance in full. I believe clerical error is the cause of this
problem, and should have been corrected long ago. I still maintain that this
account has been paid in full, and their record should reflect this.”
Thank you for your prompt cooperation.
Sincerely,
(Your Signature)
Your Name,
Social Security Number
38
Letter of
Report
Request to Have Positive Items Listed on Your Credit
Your Address
Date
Name of Creditor
Attention: Credit Department
RE: Account #_________________
Dear Sir/Madam,
I recently received a copy of my credit report, and I noticed that this account is not
listed on my report. I’d like you to report my good credit record to the following
credit bureaus.
Experian
P.O. Box 2002
Allen, TX 75013
(888) 397-3742
Equifax
P.O. Box 740241
Atlanta, GA 30374
(800) 685-1111
Trans Union
P.O. Box 1000
Chester, PA 19022
(800) 916-8800
Please notify me as soon as you have reported it. Thanks for your cooperation.
Sincerely,
(Your Signature)
(Your Name)
39
Request for the Credit Bureau to Distribute Corrected Credit Report
Your Address
Date
Name of Credit Bureau
Address of Credit Bureau
Attention: Consumer Relations
RE: File #___________________
Dear Sir/Madam,
I recently received a corrected copy of my credit report from you, and it shows my
true credit history. Please send a copy of the revised report to each company that
has received my credit report within the past six months.
Thank you so much for your time.
Sincerely Yours
(Your Signature)
Your Name
40
LIST OF DEPARTMENT STORES OFFERING
INSTANT CREDIT
Following below is a partial list of department stores in the United States which
offer instant credit. Many of these stores may have locations in your area. Check
in your telephone directory for their address and phone numbers. Or you can
search online for their contact information.
It is advisable to obtain credit cards from stores at which you would normally do
your shopping. I do not recommend that you open up charge accounts at every
store on this list, but only from those stores at which you actually do your
shopping. Here’s the list.
Robinsons May
Lazarus
Bacon
Macy’s
Neiman Marcus
Jordan Marsh
Nordstroms
Mervyns
J.C. Penny
Marshall Fields
Dillards
Daytons
Sears
Spiegel
41
Zales Jewelers
Emporium
Levitz Furniture
Saks Fifth Avenue
Weinstock’s
Bullock’s
Gimbell’s
Hudson’s
Gucci
Harris Department Stores
Ben Snider
Burdines
Casterknot’s
Cain-Sloan
Rikes
Sanger-Harris
Shillito’s
42
Directory Of Secured Visa And Mastercard Credit
Card Programs
The following is a list of financial institutions that issue secured Visa and
Mastercard credit cards. Some card issuers will grant credit the same or greater
than the amount deposited; some others may approve a credit limit lower than the
amount deposited.
Before you apply, be sure to find out about their fees. Typically, a secured credit
card requires an annual fee and has a higher interest rate than an unsecured credit
card. Some financial institutions may require you to pay application and
processing fees. Be sure to ask what their total fees are and whether they will be
refunded if you’re denied a credit card.
Bank of America
P.O. Box 53144, Phoenix, AZ 85072
(800)732-9194
Evans National Bank
4 -16 North Main Street, Angola, NY 14006
(716)549-1000
First National Bank in Brookings
P.O. Box 6000, Brookings, SD 57006
(800)658-3660
Cross Country Bank
P.O. Box 15188, Wilmington, DE 19885
(800)252-1159
First National Bank of Marin
P.O. Box 98873, Las Vegas, NV 89193
(800)752-5493
Direct Merchants Bank
P.O. Box 21550, Tulsa, OK 74121
(800)379-7999
Trustco Bank
1900 Altamont Avenue, Rotterdam, NY
(518)355-1900
43
(518)377-3311
Merrick Bank
P.O. Box 5000, Draper, UT 84020
(801)545-6400
Or
P.O. Box 9201, Old Bethpage, NY 11804
Plains Commerce Bank
220 Main Street, P.O. Box 38, Hoven, SD 57450
(605)948-2278
(605)948-2344
Providian Financial
P.O. Box 660490, Dallas, TX 75266
(800)647-8641
First Consumers National Bank
9300 S.W. Gemni Drive, Beaverton, OR 97005
(800)876-3262
(800)937-3795
Capital One
P.O. Box 85015, Richmond, VA 23285
(800)445-4413
(800)333-7116
Heritage Oaks Bank
545 12th St, Paso Robles, CA 93446
(805)239-5200
First Premier Bank
900 W. Delaware, Sioux Falls, SD 57104
(800)825-8472
(605)357-3440
First State Bank
P.O. Box 15414, Wilmington, DE 19850
(302)322-9111
Farrington Bank
9305 N. 56th St., #197, Tempe Terrace, FL 33617
(609)488-6206
44
Ocean Independent Bank
P.O. Box 15414, Wilmington, DE 19850
(800)262-3610
(302)322-4305
Home Trust Savings
P.O. Box 37, Brookings, SD 57006
(605)692-9555
Pioneer Federal Savings Bank
P.O. Box M, Lynwood, WA 98046
(206)771-2525
Treasure-Land Savings and Loan Association
P.O. Box 19268, Portland, OR 97280
(800)873-7307
Union Bank
P.O. Box 80069, Portland, OR 97280
(800)456-3064
Wells Fargo Bank
P.O. Box 23380, Oakland, CA 94623
(800)642-4720
The Associates
P.O. Box 15704, Wilmington, DE 19850
(800)533-5600
Best Bank
2618 E. 120TH Ave., Denver, CO 80233
(303)450-8080
First Deposit National Bank
P.O. Box 800, Tilton, NH 03276
(800)356-0107
People’s Bank
P.O. Box 637, Bridgeport, CT 06601
(800)443-0164
Orchard Bank
45
P.O. Box 19268, Portland, OR 97280
(800)771-7339
United Savings Bank
711 Van Ness Avenue, San Francisco, CA 94102
(415)928-0700
Central National Bank
Broadway and Charleston at 14th, Mattoon, IL 61938
(800)876-9119
Bank of Hoven
P.O. Box 5117, Sioux Falls, SD 57117
(800)777-7735
American Pacific Bank
P.O. Box 19360, Portland, OR 97280
(800)879-8745
Community Bank of Parker
19590 E. Mainstreet, Parker, CO 80134
(800)779-8472
Citibank (South Dakota)
P.O. Box 6101, Sioux Falls, SD 57117
(800)676-5520
(800)743-1332
Bank One
P.O. Box 450, Lafayette, IN 47902
(800)395-2522
(800)544-4110
United Bank of Philadelphia
714 Market Street, Philadelphia, PA 19106
(215)829-BANK
or
15th Street & JFK Boulevard, Philadelphia, PA 19102
(215)751-9321
American Pacific Bank
P.O. Box 350, 112 Main Street, Aumsville, OR 97325
46
(800)610-1201
or
315 SW Fifth Avenue, Portland, OR 97204
(503)221-5801
Sterling Bank & Trust
800-603-0600
Union Planters Bank
Elancard
800-628-8946
800-558-3424
Washington Mutual Bank
800-382-3334, 800-649-4090
Union Plus/Household Bank
800-651-5108
United Trust Bank
732-448-4075
HSBC Bank USA
800-975-4722
US Bank
800-285-8585
Plains Commerce Bank
Bank of Smithtown
Sovereign Bank
605-948-2344
631-360-9300
800-768-2265
Fox Knox National Bank
Key Bank & Trust
800-333-8472
800-539-5398
Marine Midland Bank
800-962-7463, 800-850-3114
Amalgamated Bank of Chicago
California Commerce Bank
Chase (USA)
Citicorp
800-365-6464
800-610-1201
800-482-4273
800-743-1332
Arkansas National Bank
888-226-5262
47
Pulaski Bank Gold Card
800-980-2265
Wachovia Prime for Life
800-359-5802
Simmons First MasterCard
800-636-5151
Key Bank Variable Rate Classic
800-6365151
AmSouth Bank Classic
800-696-4444
U.S. Bank Visa Classic
800-285-8585
Wachovia Low Rate Visa
800-359-5802
First IB Connect Classic
888-873-3424
Amtrust Bank Visa Classic
888-696-4444
48
THE SMART WAY TO RAISE UP TO $1500 OR
MORE IN JUST ONE WEEKEND
You can raise the money by holding a garage sale. Selling items you own, but do
not need any more is a great way to make extra money. If you look over every
corner of your home, you will discover that there are excessive items. There may
be among these items, some that you do not want any more. Selling these items is
a good way to purge or cleanse your life.
Holding a garage sale provides an outlet for unwanted items, which other people
are looking for, and will pay good money for. So garage sale can be a fast way to
raise cash.
It’s not difficult to arrange and hold a garage sale. You don’t need a garage to hold
this sale. You just need to know how it’s done. It can be held any where – lawn,
yard, basement, porch, garage, or house.
You can hold your sale for one day if you like. But the longer you hold the sale,
the more money you will make. You can hold a three-day sale on a FridaySaturday-Sunday or a two-day sale on a Friday-Saturday or Saturday-Sunday. Be
sure you set your sale dates so they don’t conflict with major sporting, amusement,
or show events in your community.
Before you hold your sale, visit several garage sales, in order to gain insights on
how a garage sale is held – how and where to place signs, how to decorate the
location, merchandise display, etc.
There are several ways to advertise your sale. You can put notices on bulletin
boards. You can place ads in local newspapers. Another effective way of
spreading the word is word-of-mouth advertising. Also, placing posters in front of
your house and one or more busy road corners will attract and direct many people
to your sale location.
Be sure to check the laws to know which, if any, apply to you, and what your
responsibilities are. Contact your city hall to find out if any laws will affect you.
By holding a garage sale, it is possible to raise up to $1500 or more in just one
weekend. Many other people are doing it, and so can you.
I have written a book titled “How To Make Profits With Your Own Successful
Garage Sale.” This book guides you through every step of a successful sale. You
49
will learn how to get started, decorate, price, tag merchandise, place signs, and
conduct your sale. I guarantee you will find this book helpful. For more
information, visit: http://www.ConlethOnuPublishing.com/garagesale/index.html
Or http://www.GarageSaleProfit.com
50
HOW TO STAY HOME AND MAKE A FULLTIME INCOME ONLINE
How long have you wanted to start your own internet business? Do you want to be
your own boss, set your own hours, and be in charge of your own life and destiny?
If you're serious about making massive money online, then you're in the right
place.
The internet has created an awesome opportunity for ordinary people to create
extraordinary fortunes. If you search on the internet you'll find dozens, or even
hundreds of ways to make money online. Perhaps you have tried to make money
online, but were not successful.Of the many ways to make money online, one
stands out for being the easiest and one of the most lucrative.
Selling information has become big business in the internet marketing world in the
past several years. It is a great way to make money online.
Creating and marketing your own information products is an exciting and wealthbuilding business. The demand for information products is tremendous. There are
millions of potential customers. Millions of dollars worth of information are sold
every single day throughout the world.
People come online searching for information on how to do something. People are
hungry for all kinds of information - information that will help solve their
problems. Millions of people are searching online and spending millions of dollars
on valuable information, and with life's pressures, frustrations and difficulties ever
increasing, demand is going to skyrocket.
The number of people who make money for writing about their knowledge is
growing by the day. In fact, there are many people out there who are making
hundreds of thousands of dollars a year for writing about their knowledge and
experience. And there is no reason why you can't do the same.
Ebooks are books in electronic format, which are obtainable over the internet.
This is a great business to be in. It doesn't cost a lot to get statred. Compared to
any business, starting an ebook marketing business has a very low start-up cost.
You just need a computer with an internet access, a word processor like MS Word,
and an online payment processor.
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Ebooks are easy to produce. You can create ebooks quickly and with very little
cost. Once you've created your ebook, your business can be up and running in a
matter of hours. Ebooks can be downloaded instantly and so there is no inventory
to keep, no packaging and shipping.
The key to creating an ebook that makes you money is to pick your subject
carefully. It should be something that you know a lot about, and which other
people will also find interesting. It should include information that a large number
of people will be willing to pay for.
So market research is very important. You need to find out if there is a market for
your idea before you attempt to develop and bring a product to the market. You do
not want to create a product until you have determined that there is a demand in
the marketplace for your product. If you fail to do this step first, you will struggle
to sell your product. That's right, you may not earn any substantial profits.
There are several resources that can help you research the market. One way to find
out what your target audience is interested in is to use keyword tools. Another way
to find out what's hot is to visit online booksellers and read their bestsellers' lists.
You can also check out forums that cover your target market and find out what
they want.
Once you've determined that there is a market for your product, it's time to start
writing. Create the pages in a word processor and then convert it to an ebook using
an appropriate program.
After you've created your ebook and your website, it's time to promote it online.
You could have the hottest product available but if no one knows about it, you're
not going to make money with it. So advertising is essential. You want people to
visit your site and check out your ebook. There are several ways to get the word
out about your product and get people to visit.
Making money with your own ebook is very easy. It is not difficult. It's not rocket
science. Anybody can do it. You just have to take action.
The best part is once your business is set up, it can be automated and can take
place without your presence. In other words, your website does the selling and
order delivery for you automatically. That way, you can basically sit back and
relax, or do whatever you want while your website makes money for you every
day, 24 hours around the clock, without any involvement on your part.
If you really want to make serious money online, you need to learn from someone
who is already making tons of money online. There is no need to spend a lot of
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time in trial and error. You need to get a good, reliable guide - one created by
someone who is successful and knowledgeable at writing and marketing
information.
Once you know how to create and sell your own product, you can continue to
create more products and within a few months you could have dozens of products,
all making money for you. And I mean lots of money, day after day, month after
month, year after year.
If you're serious about making massive amounts of money online and would like
to learn from someone who’s done it, I urge you check out Internet Wealth System
Revealed. This is a powerful guide that teaches you how to make a fortune online
by creating and marketing ebooks. It is is packed full of many tips, secrets and
strategies you can instantly put into action and rake in the big money.
You can check it out by going to:
http://www.InternetWealthSystemRevealed.com. In fact, I urge you to go now and
grab your copy of this excellent guide and start down the road to online success.
Do it now while it’s still fresh in your mind. Go to:
http://www.InternetWealthSystemRevealed.com
Also check out the following websites:
http://www.ConlethOnu.com
http://www.ConlethOnuPublishing.com
http://www.ResellRightsMarketing.com
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