The Whole Truth About Grants, Loans,

"Free" Credit Cards And Credit Repair

You got creditors calling you everyday. You could lose the car

or house. Your teetering on the edge financial ruin - then you

see an ad that may safe your butt! Typical headlines say

something like "Millionaire reveals Hidden Cash Sources, or help

for people in debt up to their eyeballs!"

HOW DESPERATE ARE YOU? IF YOU'RE IN TROUBLE, GET HELP.

PROFESSIONAL LEGAL HELP!

It's available free or on a sliding scale based on your ability

to pay from any number of agencies that can, and will REALLY

HELP YOU! No, they won't give you money just for asking. Neither

will anyone else.

Many ads will try to make you think that there's little known

secret funds that only the rich know how to get their greedy

hands on. How millionaires are ripping-off the system. Getting

money that was set aside for people just like you! Are you

getting mad? That's the idea. Now it's time to get your share.

What, you don't know how? Send in for a "secret program" and

collect your rightful share of free loot. It's easy, legal,

anyone can get the cash.

As of this writing the United States Government is deep in debt.

Far worse then you. Over four trillion dollars worth. That's

$4,000,000,000,000.00. No, theres no loot stashed away in some

forgotten vault, but some money is indeed available if you

qualify. That's the catch 22.

HUNDREDS OF MILLIONS OF DOLLARS GIVEN AWAY

That's the part of this con that is the truth. A lot of schemes

sell information that you can get for free, from a whole bunch

of government and private agencies. Of course, NOBODY just gives

money away. You have to qualify. Here's how to get your hands on

some...

What are the con-artists selling? Sometimes you'll get

information on the (SBA), the Small Business Administration,

which will help you get a LOAN, if you can't get one from

regular banking sources. Of course the SBA has nothing to do

with helping you pay off a stack of personal bills, a past due

mortgage, car loan, utilities, medical bills. The SBA arranges

BUSINESS LOANS, and rarely, gives outright grants. You could

also get details on how you may qualify for Medicare, or several

other government programs. Of course, you could get exactly the

same information for free from Uncle Sam!

Some plans tell you about Grants. That's where you really do get

money, and you don't have to pay it back. Yes, there are many

foundations that do give money away for worthy projects - if you

qualify. That's the catch.

I could tell you more, but you already get it. Don't you? Sure,

there's all kinds of government special assistance programs, low

interest loans and outright grants - but in order to get any of

this money you have to qualify. Chances are very good you won't!

The agencies that give the money will tell you for free how to

qualify so don't send away for some plan that will cost you to

find out exactly the same thing!

GRANT COORDINATOR

OK you learned that you probably can't get any money for

yourself. How about telling people that do qualify for grants

and collecting a fat fee for your services? Sounds dumb? Several

swindlers push a scam that goes something like this:

Like most schemes, there is a little truth to some of what is

being pitched. Yes, like I already said, every day millions of

dollars are given away by all kinds of government agencies,

trusts, and foundations. It's also true that sometimes more

money is available then is applied for.

Here's where you come in. What do you have to do? Hell - almost

nothing. Just let the companies that qualify for grants know

that they got the grant. The money is reportedly just sitting

around waiting to be given away, but the companies that qualify

are too dumb or lazy to ask for it. Of course they will be so

happy, they will pay you a fat commission for letting them know

about it. Fat chance.

You have to have part with up to $100.00 for this little beauty!

Several "companies" offer this goofy scheme. I'll say this - the

ripoff artists that peddle this garbage, must have taken a

post-graduate course in swindling. Remember the load of bull

most chain letters promise? Maybe $50,000 in 90 days. At least

they say you're required to send out a hundred letters, then of

course everything just snow balls. Not with this offer. You only

have to send one letter and get $50,000 for matching a grant to

a company. Need $100,000? Send two letters. Need a million

bucks? Should have it by the end of the month, just send 20

letters.

What do you get when you send away your money? A "secret list" -

how original! What of? Companies that have been pre-approved for

grants. Sometimes a list of companies that may qualify for

grants. You usually get a list of organizations that issue

grants as your "bonus" gift for ordering early!

SELF-LIQUIDATING LOANS

Come on, admit it - you did read at least one of these ads

because they sound so good! Typical headlines say something like

"Borrow up to $50,000 without ever repaying a penny!" Now if

that doesn't get you to read at least part of the sales pitch,

something must be wrong with you! The better ads will try and

explain how this is on the up and up with fancy banking terms -

some real, others made-up. Look for things like "Arbitrage",

"Compensating Balances", "Self-liquidating", etc.

Sounds interesting, but it even gets better. There's no credit

check, you won't need any kind of collateral, if you have bad

credit - no problem. Won't ask where you work, or even if have a

job. There's no paperwork. Of course the ad says it's 100%

legal. What - you were worried it wasn't?

LET'S REVIEW

A company you never heard of, is willing to give you - a total

stranger, that may have a bad credit history, and be out of

work, a large amount of money that you won't have to pay back.

No forms to fill out except for a tiny little order blank.

This one really stinks! It costs anywhere from $7.00 up to

$50.00 to cover a processing fee. What about your loan? Well

maybe you'll get it tomorrow. This plan, like so many others,

works on simple greed. Just about anybody at one time or another

got turned down for a loan. So, this is your chance to get even.

No paperwork, everybody accepted. Don't even have to repay

because of some "secret method" - it's a shame people fall for

it.

GET AS MANY CREDIT CARDS AS YOU WANT

OK, you didn't jump on the previous offers, how about this one?

Maybe you have a poor work history. Can't hold a job, or just

living beyond your means. Down on your luck - no problem You can

get as many credit cards as you want! Easy! Everybody! Sounds

too good to pass up. Most offers are modestly priced - after

all, we're talking about people who may be desperate, don't have

much money to spend. How does it work? You simply apply for

secured credit.

THIS PLAN IS PERFECTLY LEGAL!

How? You put money in a secured bank account. The bank then

issues you a credit card equal to the money you placed in the

account. OOPS!... you didn't know that? Let me run that past you

again a little slower. You want a credit card where you can

charge up to $500. So you have to deposit $500 in a special bank

account and then the bank will let you use the credit card they

issue up to the amount of money you have on deposit. Want two

cards? Deposit $500 in two different banks. Repeat the process

as many times as you like. Of course if you had money to put in

the banks, you probably won't need the credit cards. Shame they

don't tell you that in the ads! Something about let the buyer

beware I guess!

Actually it is important to build a good credit history, and

this is one way to do it. There is nothing illegal with using

this method. Surprise! You don't have to send away for any offer

either. Just walk into your local bank, and ask to open a

secured credit account. Not every bank provides this service,

but a surprising number do. The only catch is of course you

can't touch the money in the account, and if you don't pay off

your credit card balance in full each month you will rack up

quite a bit of interest charges on top of whatever you charge

with the credit card, so be careful.

A lot of ads claim you can get $100,000 in credit. Sure you can.

I just told you how. Deposit $100,000 in several banks as

secured credit accounts, and you will get the cards. Watch out

for offers that ask you to send in a big application fee.

Sometimes they use a 800 phone number, and tell you up front

what the application fee is. Others claim the processing is

free, have you dial a 900 phone number, and a $20.00 charge

magically appears on your phone bill next month Still others

start with a free 800 phone number that is nothing more then a

recorded message that asks you to dial a 900 number to complete

the transaction. No 900 phone numbers are free calls that I know

of. You could end up paying fifty dollars for so-called "free

credit cards." If you can't find a local bank go ahead and

apply, once you know how much the total charges are, but ask

what bank is issuing the card first. Check them out with local

authorities where the bank is located. It's worth the phone

call. However, you just might find out there is no such bank and

a rip-off artist is just trying to steal your money, so proceed

with caution. This type of offer is very heavily advertised on

television. As I already said most offers are legal, but you

will be required to put up cash equal to the amount approved for

the credit cards offered.

There is another method that will give you a good credit history

in time. Open a regular savings account and deposit $200-$500.

Leave it there 30 to 60 days, then get a loan on the account.

Pay the loan off before the due date. Withdraw part, or all of

the money. Open another account at some other bank. Repeat the

process over and over. Your local credit bureau will get good

reports on you, and before you know it, your mail box will be

stuffed with offers for really free credit cards - no more

secured account!