getting a car when the banks arent lending ebook

8/8/2019 Getting a Car When the Banks Arent Lending eBook

1/28


2/28


3/28

33

C O N T E N T S

Introduction 4

Good Debt Versus Bad Debt Do You Even Need a Loan? 6

OPTION 1: Your Credit ScoreRaise Those Three 8

Little Numbers

OPTION 2: The Couch Cushion Method 13

OPTION 3: Talk to Your Boss 16

OPTION 4: Extend Your Search for Financing 18

Beyond the Dealer

OPTION 5: Make a Simple Phone Call to Your Creditors 20

OPTION 6: Talk to Your Family 22

OPTION 7: Use CDs as Collateral 24

To Do List 25

A Final Thought 26

About the Author 27


4/28

44

INTRODUCTION

HOW NICE WOULD IT BE uh bn nw M Bnz

n nly y $20 m hn yu yng yu un ?Hk, yu mgh b kng: Hw n wul b quly

ln, muh l M!

I yu hv bn n hkngly hgh

n , yu n ln. In , Jm l bnkuy

n uln quly ln ll, muh l M.

Bu gu wh? Ju lk Jm n h mlln h

Amn wh hv bn n lw n un

wn ln, yu n ng ln wh g m. In

h bkl, yu wll ln xly hw ng ln wh

g m, vn whn h lnng nvnmn gh.

An, n, m gh. I yu hv wnl hBk, yu hv m lkly bn n ln, ln

wh uh hgh n h yu nn bly mng h

mnhly ymn.

I REPLACED MY FORD

WITH A MERCEDES,

AND MY PAYMENTS

ONLY WENT UP $20MORE PER MONTH! Jimi Akiboh, Indianapolis, Indiana

Register or My Free Credit Advantage Teleseminar www.CreditEbooks.com
http://creditebooks.com/http://creditebooks.com/


5/28

55

I mmb h m I v lh. T l-

mn h ln m n n h w hgh I

lm ll u my h. I m m l k! An y l,

I w n nly. Nw I l bh k n hm. Ah mmn, I m mmmn myl nv b n

ln gn n lwy quly h b n .

My mmmn yu h h bkl wll h yu:

1. Why your credit score might hurt your

chances o qualiying or a loan or a lowinterest rate.

2. How to fx your credit score, i it is the

problem.

3. How you can save money each month so

that you can quickly qualiy or the carloan. And, i you are lucky enough to save

a ton o money, you might even avoid that

loan entirely.

4. Creative ways to fnance a car so you do

not have to rely on a car dealership.

FOLLOW THESE OPTIONS, AND THE

PRESSURE YOU ARE FEELING WILL

BEGIN TO LIFT OFF YOUR SHOULDERS.


6/28

66


GOOD DEBT VERSUS BAD DEBT

Do You Even Need a Loan?

BEFORE WE START LOOKING ll yu n, l m k yu m

qun.

Shul yu k n m b yu n ? Wh

yu jb n u? Shul yu lly b ng yu nn-

l bun? I yu n hv ln, wll ng yu xn

hl yu n h lng un?

I yu nnlly , huln yu b nng

n n yu nn n n buyng

nh n ng yu nnl w? n, l

un ln whn hy hvly n b n unbl mng

h mnhly xn. I n wn:

How can you become debt-ree orx your nancial problems

by borrowing even more money?


7/28

77

The key is to diferentiate between

GOOD DEBT and BAD DEBT.

I yu bwng mny wh l ymn ln, hb ul b g b. Hwv, h ln mn yu wll

njy ul mnh l llw by vn m nnl

, h b wll nly uh yu h un w.

On h h hn, ln mk n yu n -

nn n lw n buy h wll v yu

hun ll h mnh n gln. T ky b -g wh h nw b h yu qu.

When deciding on a loan,

do not base your decisions

on optimism or assumptions.

n, l bw mny hnkng h h nx bg l

n mmn gh un h n. T lk ung n

bn- n gng h hl h. Evnully,

h wun wll b n w h hn v. I yu h yu

wn k u ln, bu yu hv n lng-m ln lng

hw h ln wll v mnn lun, why bh?

Ulmly, yu n ln h wll g yu h nnl

m yu lkng . I yu nn gu u hw h

ln wll mk hng b, mmly nul wh nn-

l lnn, g -m jb ulmn h ly yu n

m yu gul jb, nl yu b. I h n

n vlbl n yu nn n wy y yu bll v h

lng-m, h l hng yu hul g ln.

I, hwv, yu hv ln n hw h nw uh wll

g yu l nnl m, n!


8/28

88


IMAGINE THIS SCENARIO: I m nw . Yu n h

mk, h l n, b ll, h .

An hn yu bubbl bu.

Im y, y h nn mng, bu y lnng gu-

ln h yu quly nly n- nnng.

Yu ll nu. Yu y yu bll n m n null vy mnh. Yu hv n ly. Bu h lh

llng yu h, whl h b ln hv 0, 1, 2 n

n , yu n quly. T n- h lkng

bu hv 7, 8, vn 10 n n !

T n wy yu n wng mnhly ymn wh n n-

h hgh!

T nn mng g n ll yu h h m hv

hng. Whl ln u bn v bkw n ln

nyn, y nvnmn muh n. Yu luky

quly ny ln. Mny ln qu l 720

mu by F I Cn (FICO) b hy wll vn

hnk bu gvng yu ln.

OPTION 1

YOUR CREDI SCORERaise Tose Tree Little Numbers


9/28

99

1. www.MyFico.com, 2/13/08

2. 2004 U.S. Public Interest Research Group Study http://uspirg.org/uspirgnewsroom.

asp?id2=13650

3. 2004 U.S. Public Interest Research Group Study http://uspirg.org/uspirgnewsroom.

asp?id2=13650

4. 2004 Federal Reserve Board Study http://www.ederalreserve.gov/pubs/bulletin/2004/sum

mer04_credit.pd

In , bu yu 659 n 720, yu wll

y n additional 5.516 n n n!1 I yu w

720, yu n wul b 3 n. Bu bu yu hv

61-n n, yu wll y 8.516 n n n. Tmn yu y n x $1,103 y n yu $20,000 .

An h h g : I mgh n b yu ul.

About eight out o every ten Americans have

mistakes on their Experian, TransUnion, or

Equiax credit reports!2 And making matters

even worse, about a quarter o those mis-

takes would cause a credit card company,

bank, or other creditor to deny a loan.3

T wngh un, wuln yu y? Why hul yul ln bu mn l mk?

H nh hng h -u wng:

I the limits on your credit cards are not

reported correctly, your credit score will

drop. And guess what? Almost hal o us

have credit reports that are missing at least

one credit limit.4
http://uspirg.org/uspirgnewsroom.asp?id2=13650http://uspirg.org/uspirgnewsroom.asp?id2=13650http://uspirg.org/uspirgnewsroom.asp?id2=13650http://uspirg.org/uspirgnewsroom.asp?id2=13650http://www.federalreserve.gov/pubs/bulletin/2004/sum%20mer04_credit.pdfhttp://www.federalreserve.gov/pubs/bulletin/2004/sum%20mer04_credit.pdfhttp://www.federalreserve.gov/pubs/bulletin/2004/sum%20mer04_credit.pdfhttp://www.federalreserve.gov/pubs/bulletin/2004/sum%20mer04_credit.pdfhttp://uspirg.org/uspirgnewsroom.asp?id2=13650http://uspirg.org/uspirgnewsroom.asp?id2=13650http://uspirg.org/uspirgnewsroom.asp?id2=13650http://uspirg.org/uspirgnewsroom.asp?id2=13650


10/28

1010


ABOUT HALF OF AMERICANS

HAVE CREDIT SCORES THAT FALL

BELOW 7201, INCLUDING:

Jm Gln Dull, Vgn, wh w

yng an extra $300 per month in interest

l Rbnwz, L Angl, Cln

wh w yng an extra $2,500

per month in interest

Jm Ann Pv, Uhwh w yng an extra $1,000

per month in interest

Dugl Anw hNew York Times

bllng uh, wh wul hv

an extra $400 per month in interest.

T l n ymn w hgh bu hy h

. An gu wh? Ty n hv bu

hy m ymn. Ty h bu n

h !

Nw h ?

I n.

1. Includes Americans with either no credit fle or a fle so thin that a standard score cannot be

calculated.


11/28

1111

I yu lnnng h nl ln, yu

mu k nl yu n yu .

h bydownloading your ree credit report

www.720CreditScore.com. A h m m, llw-ng my gm, 7 StepStoa 720 Credit SCore, wh yu

wll ln hw yu by ng n xng

. Yu wll ln bu:

The tricks credit card companies use to suppress your

credit score.

1. The perect mix o credit to achieve the

ideal score.

2. The type o credit that will always hurt

your score.

3. How to correct errors, even when the

creditors are not cooperating.

4. What to do about those nasty collections.
http://720creditscore.com/http://720creditscore.com/


12/28

1212


ake a look at what my client Brad Bertram did withhis car loan once he implemented my7 StepS system:

Sn I qu h

7 StepStoa720 CreditSCore

n llw h ,

w g ln n

knk u n wn

rom 11 percent to 7 percent.Brad Bertram, Kaysville, Utah

Tughu h Bk, yu wll ln x h nl

n gng h , vn yu lw. Evn

yu n k On #1, I nug yu wkng n

yu y. Yu h nn yunnl wll bng. I yu hv , m mly wll

n yu jb. Yu umbl nun mum mgh b

hgh, n yu mgh hv ubl nng hm n, muh

l hm buy.

In , n $300,000 hm ln, h n bwn g

n b $589 mnh, $212,040 v h u 30-y-ln.

T gu ggng. Funly, h lun y:

Follow7 StepStoa720 CreditSCore

and start saving money!


13/28

1313

OPTION 2

HE COUCH CUSHIONMEHOD

EVER FLIPPED OVER h uh uhn

n ul x buk? I g lng, n ? T ubl ,

ul x buk n nugh

nn .

Bu l y yu gh n

mny-nng k unv

mny? By mbnng mny h-nquby nng nny h n

nny hyu mgh b bl v h n ln. A

mnmum, yu n nhn yu vng, whh mk ln

m lkly gv yu ln.

Fllwng lvn mh nng mny h mgh b

hn un yu uh:

TECHNIQUE #1: COMB HROUGH YOUR BUDGE.

k lk ll yu xn n k: Would I rather

have this or a new car?Chn , yu wul h hv

nw hn xy-h x bl hnnl. Rmmb

h mll mun mny u bg vng. In h

, yu ul v$25 to $100 each month.

Cng bug n ly b n yu hv bug

ml, lk h n un n my7 StepSpraCtiCal

Guidebookn Guaranteed reSultStoolkitCd-rom

www.720CS.m.


14/28

1414


TECHNIQUE #2: FOCUS ON HE SMALL HINGS.

In yng $5 vl kng, n yu l k?

Wh bu gy un h n v yu n y

$20 hng v! Yu mgh b hnkng: Whatsthe big deal? It s just $5.T ly h h bg

buk whn n numu m h mnh y

n y. In , w v bu $25 to $100 each month

ju by ung n h mll hng h n m

lk bg l. In v y, h mll hng mun

$6,000, n h bg l!

TECHNIQUE #3: LEARN HOW O COOK. Eng u

xnv, n n unhlhy. T mgh b

h hng mk, un n gm. Cn

hw muh mny yu n h wk ng u, hn

k gn uky u h wll l wk.

uky u mgh n b h m xng ml n h

wl, bu whn yu m h hw muh yu

wul hv n n nng u$25 to $250 a week

yu wll lkly g x!

TECHNIQUE #4: URN OVER A NEW LEAF. M

u hv v. W mk, nk, junk .

Cung bk n h mvng hm m yul nlywll n nly hl yu v $25 to $100 a

month bu l hl yu y u n yu vll gl.

TECHNIQUE #5: HAVE A GARAGE SALE. Hw mny

huhl m l lhng hv bn n yu

gg y? I yu hvn u mhng y,

yu bbly n gng u v. S hughyu l lh h mll. Lk yu

bkhlv bk yu hv ly . S hugh

yu . Tn ll hm. I b yu n n $25 to $100 a

month by llng u m.


15/28

1515

TECHNIQUE #6: Look at the bigger costs. Cul yu

n mm? A l yu ly lkly g n

yu mgg. Hv yu vw yu nun

l lly? Yu mgh b lgbl un, nyu wn knw unl yu k. A yu nng n m

n lg n v hl yu hln? I nly

un ubl hl n my nghbh wh b

un hn h v hl h $25,000

y. Cul yu k n h n n yu gg

g? A mnmum, yu n v $50 to $1000 a

month by lkng yu bgg xn.

TECHNIQUE #7: DO NO COMPLEE YOUR OWN

AX FORMS.Hng CPA mgh m lk n

xn yu nn , bu yu ul v n

mnyat least $25 to $100 a yearby hng CPA. I

ln h h h wy whn my nw CPA vw

my -y un, nly n h I n x

$14,000 n x bu n vgh!

TECHNIQUE #8: FIND A PAR-

IME JOB. Yu mgh n wn

wk xy-hu wk v, bu n

yu w mnh whl yuv mny yu ? Knwng

h yu n h wy hng

yu gl nw , yu n mk

n x $250 to $500 a month wh

mnmum-wg yng -m jb.

A yu mk h mll , mmb h yu ulv bwn $5,125 n $25,900 mnmum h y mly

by mlmnng h bv hnqu. T mn h yu mgh

b bl v h ln nly!


16/28

1616


1616

OPTION 3

ALK O YOUR BOSS

MANY EMPLOYERS n gvng h mly vn. T

h-m ln m wh g bn: no interest!

O u, yu bbly huln n yu b f

wh n ln n mly y, Hy, n yu ln m w buk?

In, n yu b wh bug h xln hw

yu wll y h mny. Yu b bunn wh wll

n muh b n wh l ymn ln h

glly uln h h vn lun n n bn-

. B u h yu ln h hng:

1. Te reason you need the loan;

2. How you will repay it; and

3. Why your company should consider doing this.

D n ll yu mly h hy w yu ln. Rh,

xln why yu g k.


17/28

1717

B u, , h yu u mmn n. I yu hv bn

mly wh yu mny l hn y, n -

n gy. Tn llw h guln:

Ask or no more than 2 percent o your annual

income i you have been employed with your

company or less than two years but more than one

year.


income i you have been employed with yourcompany or more than two years but less than fve

years.


income i you have been a loyal employee or more

then fve years.


18/28

1818


18

OPTION 4

EXEND YOUR SEARCH FORFINANCING BEYOND HE DEALER

In y mk, gng ln ugh. N nly yu

n g , ln l qung bgg wnymn u ln.

On h bgg mk l mk n hkng ll

h n n nly lyng n h l nnng. K

n mn h vy ln n xn ln . V

www.720CS.m lnk ll y .
http://creditebooks.com/http://720creditscore.com/http://720creditscore.com/http://creditebooks.com/


19/28

1919

C unn n ll bnk1 w g n hy

muh m nvvly by lnng nly m h

hy bng n. A ul, hy hv kn l h n

hv lw ul hn h bnk. T mn hy b n ln yu mny wh l ngn guln

n lwn mm vn lwhn h

bg bnk un!

Anh mn bn unn n ll mmu-

ny bnk : ng lnh wh h ln wh wll

vw yu ln. Unlk bg bnk, wh lkly n knwyu nm, unn n ll bnk n uh hng

hw lng yu hv bn mmb n hw wll yu knw h

mng. I yu hv bn lyl um y, yu mgh b

uul n bnng ln l-hn-l

wn ymn.

1 Miner, Jillian. Small Businesses Find a New Source or Funding, Wall Street Journal. March 3,

2009.


20/28

2020


20

OPTION 5

MAKE A SIMPLE PHONE CALLO YOUR CREDIORS

DO YOU HAVE A SOLID hy wh yu xng ? I yu

hv bn lyl ln y, n kng u h hnn llng yu mny k hgh lm. T

mgh n b nugh nn n n ln, bu mgh hl

yu n yu wn ymn n lw yu n .

An yu hv w hn v , yu mgh vn

k n xng xn nh yu,

muh n hn lyng nw ln wh mny h n ly hv knwlg yu ymn

hy.

A yu ly knw, gng nw nng

lm n y n y mk. T , mny my

hv uully ng lw n , hgh lm, n

vn nw ln .

Why not give it a shot?You have nothing to lose.

K n mn h h bbly n n n l

wh . A lw h n l n . An yu wkng n nng yu ,


21/28

2121

yu bbly hul k h n yu bbly nn

h ng wll k ul h nw nquy.

Michael Fiorina, a UCLA Proessor said

this about his credit score:

Ater recommending7 StepS tomy student and clients, I realizedthat I had to apply several o thesteps mysel!


22/28

2222


22

OPTION 6

ALK O YOUR FAMILY

MORE THAN ONE mly h bn n bu mny, n

h n, mny l y wy m mly mmb

whn nng wh g ln. T , mly mmb

n n h b m, lng hy h -

glly. In , yu mgh vn n wy hl yu mly

mmb by uung n gmn n whh h mly mmb

v ng un. Sy h yu ul-nvv

mm h n mny ng n h vng un nng

m n . Wh yu ul b h n by 0.5

n, bu ll hv lw ymn hn yu wul hugh nl bnk? Yu n yu mm wul bh wn.

Rmmb, hugh, h yu mgh un lnh wh

yu mm yu n y h b n m n n ull.


23/28

2323

Whn hng yu mly mmb ln, hugh

yu vng bnk. Ju lk bnk, yu mly mmb

n blg gv yu ln. Yu mu hw h h ln

wn-wn by vng yu mly mmb wh 4Step FamilyLoan Plan:

STEP 1Pv ymn ln h nlu yu

nm n xn, bug, n u yu wll

u y h ln.

STEP 2Exln hw muh n yu wll y, wll h nl yu wll y l ymn.

STEP 3Sgn n ulnng yu mmmn.

F nml gmn, yu wn n.

I yu n h yu mly wll n b

ml gmn, n ny n -

- lnng mny h, nm ml,

uu ln bwn n mly mmb.

Sm h mn, whh yu n n by

vngwww.720CS.m, wll vn n

mnhly mn!

STEP 4In n lll, vn yu mlymmb u h . Mkng u h yu l-

v mbl wh h ngmn h ky

uul ngn n whh yu lnh

v.


24/28

2424


24

OPTION 7

USE CDs AS COLLAERAL

BORROWING AGAINST (CD) xbl,

lw- n l wh . Bnk n lwynu hk n CD ln, n nng mny

ly nv n CD b muh lk mny ng n vng

un. A uh, h bnk wll lm lwy l n bw

gn ju hy llw n k

mny u vng un.

Tugh mny l nl by ullng mny u CD ly, CD hv b u: lll u ln.

T h h ubl bn llwng h CD nnu l-

lng n whl ll vng yu wh nugh lll

u ln.

Gnlly, n n ln h bw gn CD bu

2 3 n bv h h CD. A wll, h bwmu y ln . Wh h n mn, hng u h CD ly

mgh b yu b b, vn yu y nl. Run h numb

n m h h vll ln wh h mly

hng n yu CD.


25/28

2525

To Do List

1. Register or my Free Credit Advantage Teleseminar,

go to www.CreditEbooks.com

2. Identiy your 1st, 2nd and 3rd best options out o

this book, and take action!

3. I your credit score is under 720, try my program,

7 StepS to a 720 Credit Score, risk ree. Visit

www.720CreditScore.com to purchase your copy.

4. Friend Philip Tirone on and be part

o ree product give-a-ways.

5. Turn your success story into cash with my 720

Automatic Income System. Click here or more

inormation.
http://creditebooks.com/http://720creditscore.com/http://facebook.com/philip.tironehttp://www.720creditscore.com/products/720-automatic-income-system/http://facebook.com/philip.tironehttp://www.720creditscore.com/products/720-automatic-income-system/http://720creditscore.com/http://creditebooks.com/


26/28

2626

A FINAL THOUGHT

AFTER READING THIS BOOK, Im u yu n my hl-

hy n bwng: m l ly hvly n h bly

bw. Bwng mny n nly b n, bu

mu b m wh h gy n mn. T n ul

ny ln hul b m reedom, bu mny l, ln

l n l b h n nv b bk.

A yu knw, nng ln n y nvnmn n y,bu yu nly bw mny whn yu hv excellent creditn

l ymn ln, yu wll b muh b n u

n mng ln h bn yu bjv.

N m hw ful yu nnl un gh nw,

h ln wll ln yu n hgh gunn yu n k

h h bnk!

Snly,

Phl n, Pn

7 Steps 720, LLC

P.S. Pl ml m yu mmn hugh

[email protected]. Alhugh I m unbl gv -

nl v, I wul lv h yu hugh, mmn,

n u !

P.P.S. Mk u v u www.720CS.m u

h g u, nw n nmn.
mailto:philip%40720creditscore.com?subject=http://720creditscore.com/http://720creditscore.com/mailto:philip%40720creditscore.com?subject=


27/28

27

ABOUT THE AUTHOR

R E C O G N I Z E D A S A T H O U G H T

L E A D E R n h nuy,

Phl n k nnw n h

blm wh u ng ym

n hw nuly bun Am.

A lng $500 mlln n -nl hm nnng, Phl bm

nv h hun ll n

x n ymn bng w by

Amn bu h . H mn l: u

Amn n hw n h mnhly bl nm

withouthngng h lyl, mly by unnng h

ng .

Rlzng h n h lk nny h n h

Amn nnl ym, Philip has made a personal commit

ment to show consumers how to navigate our credit system until

our credit laws are changed and are air to consumers.

Phl bk7StepStoa720 CreditSCore, l h m-

nn un u -ng ym n gu numwh ugglng wh bnkuy, lu, h l, v,

n mny h xn h m n .

Phl n h gm hv bn u n h Los Angeles

Times, Wall Street Journal, Womans World Magazine, San Francisco

Chronicle, Bottom Line Magazine, n h New York Times bll

Secrets of the Young & Successful. Anlly, Phl h bn

qun gu lu UCLA Ann Shl Bun n

Mngmn.

Phl unly n h L Angl wh h w n

h hln.


28/28

28

GETTING A CAR

When the Banks Arent Lending

Cygh 2010 Phl nAll Rgh Rv.

Publh by 7 Steps 720 LLC, Cln Lm

Lbly Cmny

N h ubln my b u n ny m by

ny ln mhnl mn whu h mn

h ublh, x by vw wh my qu b g

n vw.

Whl h uh n ublh hv kn vy un

n ng h bkl, h uh n ublh um n

nbly mn, mg ulng

m h u h nmn nn hn.

Edited by Jocelyn Baker (www.JocelynBakerEditor.com)

Designed by Dotti Albertine (www.AlbertineBookDesign.com )

$ 9 9 V l
http://www.jocelynbakereditor.com/http://www.albertinebookdesign.com/http://www.albertinebookdesign.com/http://www.jocelynbakereditor.com/

getting a car when the banks arent lending ebook

Documents