DECE BER 16 - 22, 1985 THE CITIZEN
13
By Jame athan
(L TNS) - We have all een
the ads promising tho e of u
·th bad or no credit history the
opportunity to obtain all the
credit card e w nt ithout
having to orry about orne
company checking our credit
record.
Are the d legitimate?
In part. But they are also
mi leading.
First of all, companie that
promi e to get you a Visa or
a tercard ithout you being
ubiected to the normal bank
credit check are actually offer­
in you "collateralized credit
c rd." A collateralized credit
c rd i one hich you can obtain
b fir t depo iting cash equal to
d amount of the" credit" limit
you dire.
Generally, it ork in the
follo in manner: let' y you
nt a tercard ith a 500
credit limit. The companies
referred to abov can often get
HO TOGETTHE
o EYYOU EED
The Financial Security
Guide is a 99-page fact­
tilled # booklet detailing
dozens of easy to unders­
tand methods for getting
the money you need for
greater financial security.
Compiled by veteran finan­
cial journalist, James
athan, the guide includes:
HOW TO RAISE 10,000
IN 90 DAYS; WHERE TO
OBTAIN LOANS
THROUGH THE MAILS;
BUYING REAL ESTATE
WITH 0 MONEY DOWN;
()WN1NG YOUR OWN
BUSINESS, HOW TO GET
FOUNDATION GRANTS
and much more.
Not a geHich-quick guide
but a solid, well-researched
booklet that will detail how
and where to get the
money y-ou need. Make
. $16.95 check or money
order payable to Law-Tay
Communications, P.O. Box
54041, Washington, DC
20032.
STORY DROP )H
P)I TS AT:
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you card but you mu t fir t
depo it 500 in a aving account
at the ban or financial in ti ru­
tion i uing the card. In addi­
tion you mu t agree. not to
ithdra from th account for a
period of time determined by
the financial in titution.
After you have establi hed a
record of prompt payments
many of the e institutions ill
refund your deposit bile allo -
ing you to keep the credit card.
This method allow people with
ad credit hi torie the oppor-
card
tunity to ree tablishing their
credit.
Currently, there are everal
million American ho have
taken dvantage of orne
collateralized credit card pro­
gram. Again, the program
allo them th convenience of
having a major credit card; help
them re-establish their credit
nd earn intere t on the fund
they depo ited.
However, in the vast
majority of instances you don't
need the help of a company
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ere
ervice.
Fran wer t ther que -
tion on h w to btain credit
card writ me at P. . Ii x
54041, h lng ton. 0
20032.
charging you a .. 25 to .. 35 tee in
order to get a c llateralized
credit card.
B and large uch companie
are making money off you b
imply acting a a middleman
be e n you and th bank.
If you ant a collateralized
credit card tart by imply call­
ing a coupl of bank in your
area and ask if they offer such a
program or ervice.
If you can not find one
locally, .the best known institu­
tion nationally offering such
,
Every day PUSH is pushing hard to change the life condition
of countless Black, Hispanic and poor people. I� .
Whether it's pushing for covenants with huge Corporate
America for jobs, contracts and business opportunities.
Or negotiating for hostage releases in the Middle East.
PUSH is there.
Pushing to feed, clothe and house the poor in Chicago,
Florida, Mississippi, Harlem, Memphis, The South Bronx and
Ethiopia. PUSH is there.
Pushing to mobilize and organize the masses to register
and vote for political power: PUSH is there.
Pushing for dignity and human rights for social and
political freedom against apartheid at home and abroad.
PUSH is there.
Pushing to fight against drugs in our neighborhoods.
PUSH is there.
Every day you hear about PUSH.
Read about PUSH. And,sometimes moved by PUSH.
And each and every day we need to know you're there
when we need you.
Won't you help 7
We need Your mind.
We need your body.
We need ypur money.
·_-CO
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