Are you worried about money? The amount of debt you have can take a toll on more than just your bank account and savings plan. It can impact you emotionally, as well.
With the economy struggling to make a comeback, the average American is spending 3.3 hours each day worrying about money:
Are you worried about your financial future? Get a new outlook! Ask your local Primerica representative for a free Financial Needs Analysis today.
You’ve probably seen commercials advertising ways to obtain your credit report. While the commercials might be catchy, they typically don’t really have much to do with credit scores or even tell you how important they really are. Do you know what your credit score is and how it can impact you? It pays to know!
A good credit score can determine a lot of things today:
Whether you will be approved for credit
What interest rate you will get on loans
The cost of your homeowner’s and car insurance
Whether you are approved to rent a home or apartment
In some cases, whether you get a job offer or type of license
One little number can affect some pretty serious stuff right?
In this lagging economy, more people than ever are struggling to stay out of debt, stay on top of their credit and keep their scores up. Anything from a late payment on a credit card to a high debt-to-income ratio can damage a person’s credit score and it can takes years to get back a credit score that you feel proud of.
According to a recent article in USA Today, “The credit scores of millions more Americans are sinking to new lows… Recent figures show what 25.5% of consumers – nearly 43.4 million people – now have a credit score of 599 or below.” (USA Today, July 12, 2010)
In today’s economic climate of tighter lending standards, many Americans are finding it harder than ever to obtain loans and sinking credit scores aren’t helping the picture. According to a recent article, the Department of Housing and Urban Development said it intends to require borrowers to have a credit score of at least 500 to qualify for FHA-insured loans. The agency has not required a minimum score before. (CNNMoney.com, July 16, 2010)
Not only that, a late payment, foreclosure or other credit blemish could prevent you from getting a job! “According to a survey by the Society for Human Resource Management, 60% of employers are using credit checks when filling at least some of their openings.” (CNNMoney.com, July 22, 2010)
Credit scores can have a huge impact on your life. So where do you begin to get on top of your personal debt situation? The first step is to be informed. How can you even begin to get out of debt if you don’t know where to start?
Fortunately, Primerica can help. With the Primerica DebtWatchers™ product, you can get your credit score and see where you stand. Primerica DebtWatchers can help you be in the know and in control. It pays to be informed. Do you know what YOUR credit score is? One little number can play a huge impact in your financial life!
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, Inc. Product not available for purchase by residents of Washington D.C.
• 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.”
