• Whether you will be approved for credit
• The interest rate on your loans
• The cost of your homeowner’s and car insurance
• Whether you are approved to rent a house or apartment
Shouldn’t you know the score? Primerica’s DebtWatchers™ program gives you your FICO® credit score, notifies you via email or text messages of key changes to your Equifax Credit Report,™ and provides access to four Equifax credit reports every 12 months with continuous enrollment.
What Makes Up My Credit Score? FICO® credit scores are the most widely used by lenders. Scores range from 300 to 850.
Today you’ve got more reasons than ever to free yourself from the burden of credit card debt. Here are a few:
Compound interest works against you. When you allow debt to “sit” on your credit cards accumulating interest, one of the most powerful forces in the world – compound interest – is actually working against you to keep you in debt bondage.
No end in sight. Most credit card debt is considered revolving. Because of the way interest is calculated, it can be difficult to tell how long it will take to pay off revolving credit card debt. It can feel like you’re on a debt treadmill from which you can’t escape.
You’re not in control. Your lender is. Your credit card issuer determines your interest rate, credit limit, fees and charges based on your credit history. You don’t get to select your own credit terms.
Great balance transfer deals are almost non existent. They used to pour out of your mailbox, but now those zero or low APR balance transfer deals with low or no fees are practically gone – and you’re stuck with the balance.
If you’re stuck on the revolving debt treadmill, you may be putting your financial health at risk. But help is available!
That’s where Primerica’s newest product, Primerica DebtWatchers™ comes in. This exciting new product allows you to create and monitor your own personalized path to debt freedom. With this product you can:
Take control of your debt situation by using the information in your Equifax Credit Report™ to create a simple to understand plan for paying off your debt
Monitor your Equifax credit report for key changes
Track your progress toward debt freedom
Set goals and monitor actual balances reported by your creditors
Get up to $25,000 in Identity Theft Insurance with no deductible*
Access your information any time, online
You’ll even be notified via email or text message of key changes to your Equifax Credit Report – all for a low monthly fee.
Becoming debt free is a good goal to have – and Primerica DebtWatchers can help you get there. Talk to your Primerica representative today to find out how to get started!
*Insurance underwritten by member companies of American International Group, Inc. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions.
Primerica, representatives of Primerica, Equifax and Primerica DebtWatchers™ will not act as an intermediary between Primerica DebtWatchers customers and their creditors and do not imply, promise or guarantee that credit files or credit scores will or may be improved, repaired, boosted, enhanced, corrected or increased by use of the Primerica DebtWatchers product. Primerica DebtWatchers is a trademark of Primerica Client Services, Inc. Equifax Credit Report is a trademark of Equifax Inc. FICO® is a registered trademark of Fair Isaac Corporation. References to Equifax refer to Equifax Consumer Services LLC, a wholly owned subsidiary of Equifax Inc. See http://my.primerica.com for additional important disclosures. Product not available to residents of Washington, D.C.
In early 1999 I found myself in a very frustrating situation. I was 29 years old. I was working extremely hard as a fiber optics salesman… and I was broke. My wife and I had been married for over six years. We’d just had our first child, whom we were thrilled about, however, when it came to work, money and time, we were struggling. We started praying for a better way.
My wife received a phone call one evening from a lady she had met recently. She said that she was in training with a company that was expanding, and that we should take a look at it. She said this company, Primerica, might be able to help us. We decided to meet up with her and see what this company was all about.
Neither of us had ever even heard of Primerica and I admit we were skeptical. After about 30 minutes into our meeting with the Primerica reps, I began to realize that what they were saying actually made sense. They spoke about developing “a written program to monitor and eliminate debt, term life insurance being the foundation to your financial house, and the basics of successful investing.”
At 29, I’d never been taught these principles before. I never finished college and I had no experience with “financial stuff.” He assured me that they could help educate us about our finances. The first step would be to fill out a Financial Needs Analysis (FNA) and based on where we stood financially and what our goals were, we would see what could be done.
We met again two weeks later and went through the results. It was simple: Follow a plan to pay off credit card debts, put some term insurance in place to protect my young family (we had no insurance at that time) and find a way to make more money. They said that Primerica would teach us how to do all of the above. They would even offer us an opportunity to start part-time and show us how to build a business by teaching other people what they taught us.
I guess we were just so eager to change our lives we believed them. We paid a small start-up fee, started the training process, and moved forward in faith.
Now it’s 10 years later and I’m 40 years old. I can’t help but think about how different my life could’ve turned out.
What if I hadn’t agreed to that appointment? What if I trusted my initial skeptical feelings? What if I’d listened to several friends who insisted Primerica had to be a scam? What if I believed Internet chat rooms, unregulated Web sites, and less than credible sources?
Well, my family’s life would be a lot different. See, what’s happened in the past 10 years is that we have grown tremendously — as people and as leaders. We have built amazing friendships. We’ve helped thousands of families get back on track financially. We are financially independent and have been able to give away more money each year than we used to earn before Primerica. The opportunity turned out to be a bigger blessing that we could have ever imagined.
Primerica helps Royce enjoy the riches of family, relationships and people. Watch the video to find out how Primerica helps him “have it all.”
We now have seven offices across upstate New York and many great people working with us. We love what Primerica does for families and we love the freedom we now have. We don’t punch a time clock. Each day is our own. I’ve spent countless mornings with my children. When my son turned one, I took each Friday off and we spent the day together. We did that for four years until he went to kindergarten.
We’ve traveled together as a family to so many amazing places all over the world, and created lifelong memories. My children are so much more confident because of the “family” business. We just returned from a trip to Montreal together where we spoke to over 500 people about changing their lives through this great opportunity.
The most amazing part about that is that my 11-year old daughter spoke in that meeting about how the business has impacted her personally. Imagine an 11-year old speaking to 500 people with confidence and grace so she could impact their lives. The list of benefits of winning in Primerica is extensive.
I have found tremendous success with Primerica and so have countless others. But that is not to say that Primerica is easy. It is not a “get rich quick” scheme. It would be ridiculous to think so. But to say it is a scam, or a pyramid, is far more ridiculous. My life is proof that it is real, and there are thousands of other people around the world who would laugh just as hard at the thought of Primerica being called a scam.
The Federal Trade Commission doesn’t call Primerica a scam. Neither does the Better Business Bureau, FINRA or any of the other regulatory agencies in this country. I encourage you to check the facts and to get your information from these credible sources.
I am living proof that Primerica is real. I was a skeptic who is now a successful businessman with the freedom to live the life of his dreams. There are a lot of scams out there you should be aware of. Primerica is not, and has never been, one of them.
I think we have to create our own experience in life, and we have to move forward in faith. When we do that, put forth an honest effort, and do the right things long enough — only then can we look back and really see the “real picture.”
A recent survey shows the median amount of household credit card debt is $6,600 and the average debt load is almost $9,900. Further, of the 88 million credit card carrying households, 61% carry a balance from month to month.1
If you feel like you’re sinking under the weight of debt, looking into a debt or credit “help” firm may seem like a good idea. But some of these firms that promise to eliminate debt or repair credit may not be operating in compliance with the law, and doing business with them could have long term negative effects on your credit report and ability to get credit.
Here are six key “red flags” to look for when you’re researching a debt elimination or credit repair service.2
Red Flag #1: The company wants you to pay for credit repair services before any such services are actually provided.
Red Flag #2: You are not made aware of your rights and no information on what you can do to help yourself for free is provided.
Red Flag #3: The firm recommends you do not contact any of the three major credit reporting companies directly.
Red Flag #4: You’re told that the debt firm can get rid of most or all of the accurate negative information in your credit report.
Red Flag #5: The company suggests that you invent a “new” credit identity.
Red Flag #6: You are advised to dispute all the information contained in your credit report regardless of its accuracy or timeliness.
For more information about debt payoff scams, contact the Federal Trade Commission. To learn about Primerica’s debt solutions, visit www.Primerica.com.
1 Los Angeles Times, www.latimes.com, viewed June 8, 2009
2 www.FTC.gov, viewed February 25, 2009
Primerica has been helping middle market families with their finances for more than 32 years. Our company is financially strong and, while other companies are struggling in the current economy, we’re thriving. And that’s not so easy in this economy!
Everywhere you look you see headlines about mass layoffs and company closings. Companies once thought of as “rock solid” are crumbling before our eyes. Not Primerica. Why? Because no matter what state the economy is in, people still need our solutions.
How many companies today can say they’re debt-free? Primerica can! We have no debt whatsoever. Our life insurance companies hold a conservative investment portfolio of $6 billion. Plus, for the last seven consecutive years, Primerica has reported greater than $2 billion in revenue each year.
One of the largest marketers of term life insurance for more than two decades, Primerica’s life companies paid out more than $958 million in death claims in 2008 and have nearly $639 billion of life insurance in force. Want further proof of Primerica’s credibility? Primerica Life Insurance Company (PLIC) and National Benefit Life Insurance Company are both rated “A+” by A.M. Best and PLIC is rated “AA” by Standard & Poor’s. (A.M. Best and Standard & Poor’s are two independent rating firms that assess a life insurance company’s financial strength and ability to meet its ongoing financial commitment to policyholders.)
While other companies are cutting back and struggling to meet their obligations, Primerica is thriving. We’re continuing our three-decade track record of growth, and are on track to dominate the financial services industry.
Primerica Life Insurance Company’s insurance financial strength and claims-paying ability and National Benefit Life’s ratings of A+ by A.M. Best are considered “Superior.” This rating is assigned to companies that, in the opinion of A.M. Best, have a SUPERIOR ability to meet their ongoing obligations to policyholders. Primerica Life’s rating of AA by Standard & Poor’s is considered “Very Strong.” This rating means, in the opinion of Standard & Poor’s, that an organization’s capacity to meet its financial commitment on obligations is VERY STRONG. (National Benefit Life is not rated by Standard & Poor’s.) Primerica Life Insurance Company (Home Office: Boston, MA) is rated by A.M. Best and Standard & Poor’s.
A.M. Best ratings range in order from the highest ratings as follows: A++, A+, A, A-, B++, B+, B, B-. C++, C+, C, C-, D, E, F. Standard & Poor’s (S&P) ratings range in order from the highest as follows: AAA, AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-, BB+, BB, BB-, B+, B, B-, CCC+, CCC, CCC-, CC.
Primerica representatives market term life insurance underwritten by the following affiliated companies in the following jurisdictions: National Benefit Life Insurance Company, Home Office: New York, in New York state; Primerica Life Insurance Company (PLIC), Home Office: Boston, MA, in all other U.S. jurisdictions and Primerica Life Insurance Company of Canada. Each company is responsible for its own obligations.
