Debt Elimination Success Seminar
I Hate Debt Homepage Section 1 A Look at Debt History of Debt Credit Card History Current State of Debt How You Got Into Debt Good Debt Bad Debt Business vs. Personal Debt Section 2 Dealing With Your Money The Two Step Plan Doing The Two-Step Step One Step Two The Paths Out of Debt 1- Create a Debt Payment Plan 2- Neogtiate Better Rates & Terms a.Consolidation Loans b.Consumer Credit Counseling Services 3- Negotiate Lump-Sum Settlements 4- Bankruptcy 5- The Easy Way 6- Win $1,000,000 Living Debt-Free Manage Your Money Make More Money Save Money SameMoney-MoreFun Stay Debt-Free You as a Business Section 3 Dealing With Your Creditors Alerts/Scams The Credit Industry Credit Industry The Fine Print The Secondary Debt Market The Debt Collection Process Original Creditor The Charge-Off Collection Agency Legal Problems Dirty Creditor Tricks Dealing with Debt Collectors Dealing with Debt Collectors Statute of Limitations Cease and Desist Letter Section 4 The Credit Report The Credit Report Credit Score Credit Repair Section 5 Dealing With Yourself The Critical Factor The Art of Prosperity The End of Failure Prosperity Coaching Section 6 Kids and Money Kids and Money How to Pay for College Section 7 Debt Information Bookstore Debt Facts Radio Show Resources About Us Privacy Policy Site Map If you find this information helpful I ask you to contribute to help me help more people. You can contribute through PayPal by clicking on this button Or you can mail in your contribution.	Debt Facts To find out the current U.S. national debt Click Here. There have been some famous people who have had money problems including: Actors, Producers & Celebrities Dorothy Dandridge, actress, filed for bankruptcy in 1963. Dino De Laurentis, film producer, filed for bankruptcy in 1988. Larry King, talk-show host, filed for bankruptcy in 1978. Artists Rembrandt filed for bankruptcy in 1656. Mathew Brady, Civil War photographer, filed for bankruptcy in 1872 James Abbot McNeil Whistler, the painter, filed for bankruptcy in 1879. Athletes Mike Tyson went bankrupt after earning over $300 million dollars. Businesses and Business Founders Milton Hershey started four candy companies that failed and filed bankruptcy before starting what is now Hershey's Foods Corporation. Walt Disney's company Laugh-O-Gram Corp filed bankruptcy in 1923. William Fox, co-founder of 20th Century Fox Film Corporation, filed for bankruptcy in 1936. P.T. Barnum filed for bankruptcy in 1877 before he started his circus. John Henry Heinz’s company filed for bankruptcy in 1875. Writers L. Frank Baum, "Wizard of Oz" author, ran a store into bankruptcy in 1888. Oscar Wilde was forced into bankruptcy in 1895. Presidents, Politicians & American Heroes Thomas Jefferson, at the time of his death, owed, adjusted for inflation, $10,000,000. Abraham Lincoln had his surveying tools seized and sold to pay off his over due bills. Daniel Boone went bankrupt and creditors forced him to move out of Kentucky and in 1788 Boone settled at Point Pleasant on the Ohio River in what is now West Virginia. President Ulysses S. Grant got involved in a banking house which went bankrupt. This left him so destitute that he had to hand over all his property, including his swords and trophies. John Connally, former Texas governor filed for bankruptcy in 1987 Musicians in Debt Both Mozart and Vivaldi earned good livings but they squandered their money and wound up being buried in paupers graves. M.C. Hammer filed for bankruptcy Isaac Hayes, singer, filed for bankruptcy in 1976. If you have any interesting debt facts please send them to me. Email me at debt@ihatedebt.com Happy New Year This according to an author I saw on television, in 2004 the #1 New Year's resolution was to pay off debt. What's the real product, furniture or finance? So you thought Sears was a department store. Well here are some interesting facts from an article I read on July 16, 2003. Sears sold its credit card portfolio to Citigroup. This is an interesting move because their credit card business provided Sears with almost 60 percent of its profits. We might then look at Sears in a different way. It turns out that is was, at least from a profit perspective, primarily a finance company. Sure they sold consumer items but the profit came from the interest charged on the purchase. Many other retail stores operate in a similar way. They sell you furniture, as example, but they make their money on the interest they charge you. These companies probably are the ones that advertise the great credit offers, like no money down, or no payments until…, any offer to get you in the door and sign a finance agreement. Sears sold its credit card portfolio for $3 billion. Why? Because they knew the profit potential in the finance business. The Power of Interest Here are two examples that are not about debt but about the power of interest. When you harness the power of compounding interest it is a wonderful thing. When your credit card company uses compounding interest against you it is a nightmare. I Bet I Can Live Longer Than You Can In 2001 two scientists made a bet about how long a human could live. One thought the limit was 130 years while the other put his money on 150. They put $300 into a trust fund and the winner of the money will be a descent of the scientist who was proven right as of 2150. The interesting that about the trust fund is that they expect the original $300 to grow into $500 million by 2150. So while we are uncertain about human longevity there is no doubt about the power of compound interest. Use it; don't have it used against you! A Powerful Legacy There is a reason Benjamin Franklin's picture is on the $100 bill. He was a wise man, especially when it came to money. He understood the power of compound interest. He understood it so well that he was able to give the cities of Boston, Massachusetts and Philadelphia, Pennsylvania over 27 million dollars. That's a lot of $100 bills. He was able to accomplish this by putting approximately $9,000 into a trust fund. When it matured, 200 years later, it had grown into a large fortune. Just as he knew it would. So now that you know what he knew do you want to pay interest, or earn interest? I thought so.	The Invest In Your Debt Online Seminar will teach you how to transform your debt from financial burden to financial opportunity. Then show you how to build personal wealth and achieve true financial freedom. Get a fresh start with money by listening to Carol Tuttle's energy clearing "Creating Money" CD. You'll find it in her Store under Live Presentations CD and DVD. The Millionaire Mind Intensive seminar will help you uncover your personal money roadblocks. Then it will help you create unstoppable success strategies.

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