AAA Resources at Information-Entertainment.com
Serving the Public Quest for Knowledge Since 2000

Business Report #6

Hidden Truths About Legitimate Scams

What's a legitimate scam? It's a scam that delivers the product or service it claims to but the customer is still left with nothing!

Following are some examples of what I mean. Maybe you recognize a few of them:

Establish AAA Credit in 30 Days. All you do is take $500, deposit it in a bank and then ask the bank for a $500 loan (holding your original $500 as collateral.) After getting this loan, you go to another bank and do the same thing. Within 30 days, you actually can be approved for 4 different bank loans, and when you repay them you have AAA credit.

Wipe Out Debts Without Filing Bankruptcy. If you owe 20 different creditors, its common knowledge that only 1 or 2 will show up for your Creditor's Hearing. (Less if you owe less than $5,000 per creditor.) You won't have to file a bankruptcy on the other 18 or so that don't show up personally thereby wiping out your debt with these particular creditors.

How to Stop Credit Collectors Dead in Their Tracks. Just demand that all further correspondence about your debt be mailed to your home. By law, the credit collection agency cannot call you at home or at work again. That's why it's best to send this demand in writing by Certified Mail. This will stop them immediately.

Federal Jobs. This information can easily be found in almost any public library. There is no reason for you to pay for it.

Drug-Seized Cars and Homes. Again, this information can be found free of charge in any public library.

How to Live Abroad Free. Universities and businesses in foreign countries pay handsome salaries to English teachers.

Earn Money Reading Newspapers. This legitimate scam involves being in the middle of a real estate deal. You locate properties for sale by owner and hook them up with buyers (and charge a nice profit for your services.)

College Degrees by Mail. These are imitation degrees you can buy for $50 and $100 for novelty purposes. Many companies sell them through the backs of many national magazines.

Get a Visa or Mastercard Free. Simply apply for a check/debit card at your bank. They will issue you a card that looks like a Visa or Mastercard and deduct the amount you charge from your checking account. Anyone can qualify regardless of credit history. All you need is a checking account.

Borrow Money Interest Free. If you have good credit, you can apply for Over-Draft Protection at your bank. By setting up two or more checking accounts with overdraft protection, you can write checks on money you don't have. Before the check clears the bank, you simply write another check (from one of your other accounts) to cover it. Keep doing this back and forth between your two or more accounts (commonly known as check kiting) and you can have extra cash interest free.

Live in a $150,000 Home Free. Become a house sitter while the owners are away on vacation or other business-related trips. (Of course you must have references.)

Get a Free Mercedes or Other Luxury Car Every Year. Form a non-profit institution and have this institution furnish you with the vehicle of your choice. Another way is to become a used car salesman and qualify for a new car by selling the most cars for the dealership. Another way is to become a Mary Kay Cosmetics Dealer. (Get the picture?)

50% Off Hotels. Just tell the desk clerk when you check in that you are a government employee and qualify for the lowest rate. Most do not ask for identification, but if they do tell them you left it in the car and try another hotel.

Remember friends no one gives you something for nothing! You've heard that before but for some reason you believe that you can. If that were so, someone would have found it by now.