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Software Vault: The Diamond Collection
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The Diamond Collection (Software Vault)(Digital Impact).ISO
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CRD.TXT
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1995-03-16
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6KB
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CASH IN ON THE DEMAND FOR CREDIT CARDS
If you've been searching for a business
opportunity to give you solid financial independence,
or if you simply have been unable to obtain a VISA or
MasterCard, then this article is going to be an
exciting message for you.
Credit cards have revolutionaized the business
world and have made many in that industry fabulously
wealthy. And it can do the same for you.
Almost every other business requires you to
convince someone that they need your product or
service. Give people the credit they need and they can
then spend it on what they really do want. Everyone
knows what credit is and everyone has heard of VISA and
MasterCard.
Our society today is run on credit. Without
credit cards it is virtually impossible to go shopping,
make airline, hotel or car rental reservations, or even
cash a check! Many big city convenience stores now no
longer even accept cash! Today's mail, newspapers and
television are flooded with advertisements for all
sorts of products, but you can't order most of it by
telephone unless you have a credit card. It doesn't
matter who you are, you cannot exist without credit
cards. Credit at one time was a luxury but in today's
economy it has become a necessity.
Yet an estimated 140 million Americans don't have
and can't qualify for a credit card. Many major
corporations are laying off hundreds of thousands of
employees, many of whom thought they had a job for
life. During the past seven years (remember, credit
bureaus report information 7 to 10 years old -- and
older in some cases), 50 million Americans have
suffered income interruptions, job layoffs or reduced
incomes (lack of overtime, loss of second job, etc.)
Over 2 million Americans have had their home
foreclosed. Industry statistics indicate approximately
40 million people in the USA are denied credit each
year. Fourteen million divorces occurred during the
last seven years. Bills often go unpaid while
attorneys fight over assets and many people come out of
divorce court with a blemished credit rating. Fifteen
million young people -- 18 to 21 years of age -- have
not yet established credit. Large numbers of people
immigrate to our country each year, many of whom wish
to establish credit. In addition, serious illness and
accidents strike millions of families each year with
the consequences of huge medical bills and income
interruptions. The individual may recover, but the
credit rating can remain tarnished for 7 to 10 years.
Desire and demand are very high from these groups
to obtain a major credit card. Secured VISA and
MasterCard credit cards can be the answer to the
demand. These cards have been available for quite a
few years from a few lending institutions. Consumer
awareness is low, but improving, due primarily to
limited interest and lack of effort in marketing by
most lending institutions. Consumer participation,
however, has been high for those consumers who are
familiar with secured credit cards.
These people can obtain a secured VISA card by
opening a savings account with deposit of $400 or more.
The credit limit on the VISA will equal the savings
deposit. The transactions on this card will be
reported to the credit bureau, building the record that
is necessary for unsecured credit, but the fact that
the card is secured will not be reported.
Many people are paying application fees of $35 to
$65 to get these secured credit cards. Not only is it
possible to get these cards without an application fee,
but the bank's marketing agency will pay you a
commission of $15 to $20 for each accepted application,
and 98% of applications are accepted.
Just imagine how much you could make offering
people something that everyone needs and literally
can't live without in today's economy. Working part-
time, you can make a lot of money filling this need.
Distributors use techniques such as "Take-One"
boxes in stores and approved printed media advertising.
Distributors promote the secured credit card program by
placing Take-One displays in various retail outlets for
customers as well as employees. Typical locations are
check cashing outlets, liquor stores, video stores or
most retail establishments with a heavy volume of
traffic. Compensation is controlled through a coded
number on each application, which identifies the
distributor.
Prospective distributors have to complete an
application form, giving personal and credit
references. A starting fee of $145 includes an initial
supply of Take-One boxes, application forms, and a
marketing guide. The first 99 approved applications
pay the distributor a commission of $15 each, 100-499
pay $17.50 each, and from 500 approved applications
onwards the distributor is paid $20 each. Commissions
are paid monthly.
For information on becoming a distributor, write
to: National Bankcard Services, Inc., Dept. A, 680
Village Trace, Bldg. 20, Suite E, Marietta GA 30067.