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SAVING $2,600 PER MONTH!“We followed Phil’s advice in 7 StepS to a 720® Credit SCore and we were able to reduce our monthly payment by over $2,600 a month. It made life very, very manageable. It was the most important move I have made in the past 27 years.”— Bruce Gelber, Pasadena, California

SAVING $2,500 PER MONTH!“As a result of the 7 StepS system,I ended up saving $2,500 per month.”— Tal Rabinowitz, Los Angeles, California

$100,000 MORE EXPENSIVE HOUSE FOR ONLY $50 MORE PER MONTH!“Once our credit jumped from 610 toover 720, we moved into a house thatcost $100,000 more and our paymentsonly went up by $50 per month!”— Shawn and Karlee Bucher, Kaysville, Utah

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MAKING MONEY WITH 7 STEPS“I recently went to buy a car, and was told that my credit score was only 619. That’s when I bought the 7 StepS to a 720® Credit SCore system. I followed the 7 StepS and realized that I was one of the 80 percent of American’s that had an error on their credit report. I followed Phil’s advice and in three months my credit score jumped to 741! I am now saving $300 per month on my mortgage since refinancing with my new credit score. I’m such a believer that now I’m selling the program off my own website so I can spread the word and earn additional income.”— Jim Garland President, Smart Details, Dulles, Virginia

NEW YORK TIMES BEST-SELLING AUTHOR“Due to 7 StepS to a 720® Credit SCore, we were able to secure a loan at an interest rate that was 0.5 percent lower than what I would have paid if I didn’t follow Phil’s system… which equated to about $400 per month.”— Douglas Andrew, Paramount Financial, Salt Lake City, Utah

BLUEPRINT FOR MAKING MONEYACCORDING TO AGENT OF THE STARS“What’s so fantastic about the 7 StepS to 720® system, is that it’s a blueprint on how you can save a lot of money, each and every month.”— Christophe Choo, Realtor, Beverly Hills, California Sold over 450 Homes / In 2008 was one of 16 agents in Los Angeles to sell a home for over $20,000,000.

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REAL ESTATE VETERAN“I’ve owned my company for 15 years, I’ve sold over $300,000,000 in Real Estate, I own my own mortgage company and I learned a ton by following the 7 StepS system.”— Anthony Marguleas, Amalfi Estates, Los Angeles, California

THE CORE SECRET TO MANAGING CREDIT SUCCESSFULLY“Managing your credit is one of the core secrets of success, which makes 7 StepS the perfect resource for people who have great credit, bad credit, or no credit at all. Tirone’s book teaches you everything you ever needed to know about credit.” — Jennifer Kushell, author of the New York Times bestseller Secrets of the Young & Successful

SAVED THOUSANDS WITH 7 STEPS“By increasing my score to 720, I savedthousands of dollars on my mortgage, car loan, and credit cards. What aphenomenal tool!” — Lee Camblin, Sandy, UT

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MAKING CLIENTS’ DREAMS COME TRUE“As a realtor, I’m responsible for making my clients’ dreams come true, and I couldn’t do that without the 7 StepS. Time and time again, the 7 StepS have given my clients the ability to qualify for the best home loans available. In fact, every hom-eowner, homebuyer, realtor, and mortgage broker in the country needs a copy of 7 StepS to a 720® Credit SCore!” — Erik Flexner, Innovative Realtors,

Marina del Rey, CA

SINGLE MOTHER“7 StepS to a 720® Credit SCore really opened my eyes. The book gave me concrete and easy to follow advice on how to turn things around. For that alone, it was worth the investment. But the thing that struck me is that Philip really cares. He doesn’t just want more business. He genuinely wants to help people repair their credit, buy a home, and get the best rates. I only wish I lived in his area so he could be my mortgage broker.” — Sarah Baker, Bozeman, MT

REFINANCED TO A LOWER, FIXED RATE MORTGAGE“As a result of these simple steps, we raised our scores and secured a 30-year fixed rate mortgage at 6.5 percent interest, and we were able to get some cash back to do home improvements. The new gas barbecue arrives next week, just in time for some summer grilling!” — Steve and Jennifer Goldstein, Los Angeles, CA

6

C O N T E N T S

Introduction 7

Good Debt Versus Bad Debt—Do You Even Need a Loan? 9

OptiOn 1: Credit Scoring—take Advantage of 12 those three Digit numbers.

OptiOn 2: Creatively Add income to Your Bottom Line. 16

OptiOn 3: Ask for an Advance From Your Employer. 21

OptiOn 4: Go to a Credit Union or Local Community Bank. 23

OptiOn 5: Call Your Credit Card Companies. 25

OptiOn 6: Have You Asked About an FHA Loan? 27

OptiOn 7: Borrow from parents or Family Members. 28

OptiOn 8: Borrow Against CDs or Life insurance policy 30 for Low-Cost Loans.

To Do List 32

A Final Thought 33

About the Author 34

Contact Information 35

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INTRODUCTION

EvEryonE is confusEd with this current lending environment. Americans are reading in the paper that home sales are up and refinancing is up, yet, when they go to the bank to get a loan, they are told that “they don’t qualify.”

As you read this book, you are going to understand that you’re not alone.

Tell me if this sounds familiar? Home prices are dropping and dropping in your neighborhood. They have dropped so much that you might even be able to buy a bigger home than you thought you would be able to afford! You start looking and you find the perfect home, great location, and your real estate agent says the sellers are “eager to move!” Perfect!

Your agent needs you to get “Pre-Approved” for a loan. “This won’t be a problem,” you think to yourself. You’re paying your bills on time, you have a great job and your new home won’t be that much more than the rent you are currently paying. “I’m the perfect borrower,” you tell yourself.

You call the lender and provide them with all the information they need. “Can I make the offer yet?” you ask the lender, “Not yet, as we need to determine your risk level,” says the lender. You think to yourself, “Risk level? What risk can there be? I’ve never been late on a payment and I have money in the bank.” Confused, but not worried, you wait for their call.

When the lender calls back, they tell you that you do not qualify due to “stricter lending standards.” “What? How can this be? My friend just bought a home! What about the house I found?” you ask yourself. Immediately, you feel sick to your stomach.

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instantly reality sinks in… you cannot get that home!

What you probably already realized is that borrowers don’t have the same options like they had a short while ago.

Well, I am going to help change that now.

You are going to realize that there are some easy things you can do to “become more bankable.” Also, you will see that there are many other options to finding money that you may not have thought about.

What you are about to read is going to give you a different way to view the world, a way that will empower instead of “disempower” you, like our current financial system does.

As you get through this book, you are going to begin to understand why our financial system is so messed up and why your poor credit score is not necessarily your fault.

The purpose of this booklet is three-fold:

First, I want to help you identify if your • credit score is the problem. If it is, I want to teach you how to fix it.

Next, I want to help you discover where you can •save money each month so that you can pay off debt or qualify for the home you want to purchase.

Finally, I want to help you find creative ways to •finance that home so you do not have to rely on the typical lender.

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Good debt Versus bad debt —do You even Need a Loan?—

LET’s ask oursELvEs a serious question: Should those who do not have emergency funds or are worried about their job security take on new debt obligations?

Everyone knows that if you cannot pay existing debt, keeping debt to a minimum is most often the best choice.

I always ask this question:

How is borrowing morE monEygoing To gET you cLosEr To bEing dEbT frEE?

The key is to differentiate between a good debt and a bad debt.Loans should only be taken as a strategic means to an end, with a long-term and realistic budget ironed out, and with a sure-fire plan to pay the loan back comfortably. If taking a new loan is just a short-term band-aid, the loan will be a burden and not a blessing.

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That being said, new loans can be a good choice for borrowers who need to refinance bad loans, buy homes at a low price, or get that fuel-efficient car and save on gasoline.

What if you were strategic about assuming new debt? Instead of just turning to loans when you are tens of thousands of dollars in debt and struggling to make ends meet, what if you thought about it a little differently?

Before you decide whether you should apply for a loan, com-plete a budget and figure out:

How you can cut back on your expenses? 1.

Where you can find money you never knew existed?2.

Little by little you will begin to realize that although creating a budget is a drag, your financial situation will not improve if you do not have the understanding of where you are spending your money. Just imagine all the opportunities that are awaiting you once you do have control over your budget. Be relentless about cutting your expenses and finding extra money.

You’ll begin to see how your budget becomes the cornerstone of all your financial strategies. As you consider getting a loan, you should ask yourself if this loan will bring you closer to getting out of debt.

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Remember that your decisions must be based on the facts, not assumptions. If you decide that you want to take out a loan, but you have no long-term plan detailing how this loan will provide a permanent solution, why bother? If the loan is a band-aid instead of a true cure, it will eventually fall off and expose a much deeper, wider wound.

I’m sure you are beginning to realize that if you cannot figure out a way to pay your bills over the long-term, the last thing you should do is get a loan. If this is the case, consult with a financial planner, take on a second job, consolidate your debt, or carefully consider the option of declaring bankruptcy.

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1. 2004 U.S. Public Interest Research Group Study – http://uspirg.org/uspirgnewsroom.asp?id2=13650

2. 2004 U.S. Public Interest Research Group Study – http://uspirg.org/uspirgnewsroom. asp?id2=13650

optioN 1

CredIt SCorIngtake Advantage of

Those Three digit numbers

you ProbabLy know that your credit score is the most impor-tant factor in getting any type of financing right now, but did you know that this three-digit number is artificially low because of errors?

And here’s the tragic part: It might not be your fault.

about eight out of every ten americans have mistakes on their Experian, Transunion, or Equifax credit reports!1 and making matters even worse, about a quarter of those mistakes would cause a credit card company, bank, or other creditor to deny a loan.2

That’s downright unfair, wouldn’t you say? Why should you lose a loan because of someone else’s mistake?

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Here’s another thing that is flat-out wrong:

if the limits on your credit cards are not reported correctly, your credit score will drop. and guess what? almost half of us have credit reports that are missing at least one credit limit.3

3. 2004 Federal Reserve Board Study http://www.federalreserve.gov/pubs/bulletin/2004/sum-mer04_credit.pdf

4. Includes Americans with either no credit file or a file so thin that a standard score cannot be calculated

about half of americans have credit scores that fall below 7204, including:

Jim Garland of Dulles, Virginia, who was paying an extra $300 per month in interest

Tal Rabinowitz, of Los Angeles, California who was paying an extra $2,500

per month in interest

James Anderson of Provo, Utahwho was paying an extra $1,000

per month in interest

Douglas Andrew the New York Times bestselling author, who would have paid

an extra $400 per month in interest.

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And guess what? They didn’t have poor credit because they missed payments. They had poor credit because of errors on their credit report! Now, they are saving because they got their “errors” off their credit reports! That simple.

Now is that fair?

It isn’t.

In today’s lending world, someone with a 720 credit score can get a loan and someone with a 719 might not! Literally, one point could make the difference between you getting the home, OR NOT! Now is that fair?

If you are planning to shop for a traditional loan, you must take control of your credit score and your credit report. This starts by downloading your free credit report at www.7StepsTo720.com. At the same time, start following my program, 7 StepS to a 720® Credit SCore, where you will learn how to raise your credit score by spotting and fixing errors. You will learn about:

The tricks credit card companies use to 1. suppress your credit score.

The perfect mix of credit to achieve the 2. ideal score.

The type of credit that will always hurt 3. your score.

How to correct errors, even when the 4. creditors are not cooperating.

What to do about those nasty collections.5.

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My program comes with an iron-clad, no risk 30-Day Money Back Guarantee. Feel free to try it in your home for 30 days, then make a decision as to whether you want to keep it or not. For more information visit www.7StepsTo720.com.

Take a look at what my clients Shawn and Karlee Bucher did when their credit score jumped after they implemented my 7 StepS system:

“once our credit scores jumped from 610 to over 720,

we moved into a house that cost $100,000 more and our

payments only went upby $50 per month!”

— Shawn and Karlee Bucher, Kayville, Utah

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optioN 2Creatively Add Income

to Your Bottom Line.

wouLdn’T iT bE nicE to have $20,000 stashed under your mattress?

Unfortunately, most of us would be happy to find $5 and a few stray coins hidden under the ol’ couch cushions. But as you will see in the next few pages, you might be able to avoid a loan by finding other ways to un-cover large amounts of “hidden

money.” By using a few of these techniques, you might be able to avoid the entire loan. Of course, if you are in need of a large loan, like a mortgage, you most likely will not be able to find enough money to cover the entire cost of the loan. Nonetheless, you will likely beef up your savings account, which will make you more attractive to lenders.

Consider the following ways to find hidden money. Look through your budget and cut back on all extra spending. This includes:

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going through your budget and eliminating •everything you could do without. Every little bit counts. When it comes to things you regularly spend money on, ask yourself: Do I need this? Maybe you don’t need HBO, or even basic cable. Perhaps you could survive without a magazine subscription or two, talk less on your cell phone, or sign up for fewer minutes. Small changes in your everyday life and spending can add up to big savings. – Possible savings: $25 to $100 each month

Eating out less! • Food is obviously a major expense. If you are the kind of person who eats out more than cooking at home, now is the time to learn how to cook. It’s cheaper, and it can be healthier. In fact, you might try to turn it into a game. Cook a giant pot of chili that will last a week, calculate the cost of each meal, and then compare it to what you would have spent had you dined at your usual restaurants throughout the week. – Possible savings: $25 to $250

cutting down on your vices. • A lot of us (all of us) have things we’re trying to quit like smoking, drinking, and desserts. If you have been “trying to quit” something for a while, now is the time to stop trying, and start doing. You have the best, legitimate, excuse. Subtracting something like cigarettes or alcohol from your budget will subtract a costly expense in the process. As well, a healthier lifestyle will help you stay focused. – Possible savings: $25 to $100

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focusing on smaller bargains• , like coupons at the grocery store. Take advantage of every bargain offered to you. You will quickly see that these things add up and make a difference. So don’t throw away that envelope of coupons that arrive in the mail—go through it and see which coupons you can use. – Possible savings: $25 to $100

considering the big expenses: your living •situation, your transportation, your children’s education. If you are renting, does it make sense to find a cheaper place? What about your car? Should you be driving something smaller and more fuel-efficient? Are your children in private schools? Could you find a suitable public school for them? These are all questions you might not want to ask yourself, but answering them honestly can help you devise a strategy for a financially free future. – Possible savings: $50 to $1,000

selling the items you own, but no longer need. •Besides saving money on the little things, you can also make money through the little things. Sift through your garage, closet, bookshelves, and DVD case to find things you can sell on the Internet or at a garage sale. Every little bit counts! – Possible savings: $25 to $100

calling your credit card companies and •negotiating a better deal. Believe it or not, most credit card companies are willing to help—they want you to have the ability to pay your bills. Pick up the phone and work out a better deal on your monthly payments. You will be pleasantly surprised. – Possible savings: $25 to $100

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ask for a raise.• As a business owner, I can assure you that most employees never ask for a raise. Business owners, swept up in the day-to-day operations of their companies, often simply don’t think about employee raises. If you truly think you deserve a raise, there’s no harm in asking. And if you are self-employed, raise your prices by 10 percent for a 10 percent raise! – Possible savings: $50 to $250

search your tax forms for deductions. • Many people in a financial bind try to skimp by doing their own taxes. If you have a complex financial situation, you might save hundreds or thousands of dollars by visiting a competent tax professional. In fact, never do your own taxes if you are self-employed and have complicated tax returns. I once made this mistake. The next year, I went to a CPA, who reviewed my filings from the year prior. He found an error that cost me $14,000 in extra taxes! Of course, we re-filed, and I received a reimbursement, but how many people are scrambling for money when, unbeknownst to them, they have overpaid the IRS? Too many! – Possible savings: $25 to $100

get a renter for your spare bedroom. • A roommate means lower rent or mortgage. And a lower rent or mortgage means more cash for your other expenses. If having a roommate is something that seems too drastic, you might consider renting your garage as a storage room, especially if you live in a big city where space is tight. (Remember to consider your liabilities and make sure you have the appropriate insurance.) – Possible savings: $100 to $500

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get a second job. • What are you good at? Perhaps you can babysit, teach music lessons, or help a neighbor landscape their garden. Whatever your skills, find a way to work an extra ten hours a week, either in the evenings or on weekends. If you struggle to find a second job, ask the executives in your office what you can do for them. Perhaps they will hire you to organize their garages or tutor their children. – Possible savings: $250 to $500

Remember that your goal is twofold:

being frugal might help you increase your credit 1. score, which would make you more “bankable”.

building your savings account makes you more 2. attractive to lenders.

Taking small steps to find hidden money can translate into thousands of dollars in interest savings when you do apply for a loan. Combined, the above examples could save you between $625 and $3,100 each month. This means you could save between $7,500 and $37,200 a year, which makes this chapter the most important of the entire book!

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optioN 3Ask for an Advance

From Your employer.

THE kEy advanTagE of getting an advance from your employer: You will not have to pay interest!

The secret to this tactic is to have a plan when you approach your employer, a business person who likely responds well to sound business logic. Make sure you not only know what you are going to say, but you also know exactly how and when you are going to be able to pay the advance back. Be sure you run the numbers using your budget sheet to make sure this is a solution rather than a temporary band-aid.

And I’m sure you know that it’s important to use discretion. If you have not worked at your place of employment for more than a year, consider another strategy.

When is it okay to ask? And how much should you ask for? The rule of thumb is as follows:

if you have been at your job for less than •one year, you probably should not ask for an advance.

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if you have been at your job for more than one •year but less than two years, you can ask for up to 2 percent of your annual income.

if you have been at your job for more than two •years but less than three years, ask for 5 percent.

if you have been a loyal employee for more •than three years, you can ask for up to 10 percent of your income.

When approaching your boss with a request for a loan, follow the three “Whys:”

explain1. why you need it.

explain 2. why you can easily pay the company back.

explain 3. why your company should consider doing this for you.

Just picture yourself in the company’s shoes. Why are you a good risk? Speak to them according to their needs and not yours and you will get the best result.

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optioN 4go to a Credit Union

or Local Community Bank.

HErE is wHaT wE know:

it’s tougher to get a loan right now.•

bigger down payments are required. •

One of the biggest mistakes people make is not checking all their options and only relying on one lender for financing. On my site, www.7StepsTo720.com, I provide links to find home loans for all types of credit.

Keep in mind, not all lenders are created equally. Every lender has their “key qualifier.” A “key qualifier” is the statistic which they believe will determine if a person will pay their loan or not. Sometimes that statistic is simply the down payment, sometimes it’s your credit score, and sometimes it’s your job stability. This is why you need to check around with other lenders.

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On March 3, 2009, the Wall Street Journal published a great article about why credit unions are a great resource called: “Small Businesses Find a New Source for Funding,” by Jillian Mincer.

In the article it talks about financing via community banks or credit unions. Most people don’t realize that credit unions are faring better than their big bank counterparts in the current financial meltdown. If you are responsible with your dollars, a credit union or community bank is probably the route for you as they offer loans with less stringent lending guidelines. As well, the interest rates are as low—if not a little lower—than the rates of traditional banks.

As you can imagine, credit unions operate much more con-servatively. They simply lend from the deposits they bring in, which means they are better positioned to weather the storm and offer competitive interest rates. This is why their default rate is lower nationwide compared to other banks which means that credit unions are more willing than banks to lend you the money you need.

Credit unions and local community banks also allow you to foster stronger relationships with the people who will review your loan application. credit unions and local banks place a tre-mendous amount of weight on relationships (how long have you been a member, how well you know the manager, etc.). If they see you every day, they are more likely to work to find a loan for you than impersonal bankers who operate inside large traditional banks.

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optioN 5Call Your Credit Card Companies.

in THE worLd of crEdiT, relationships matter, so let’s talk about your relationship with your credit card companies.

Obviously, you are not going to be able to borrow the money for a home on your credit card. However, you can reposition some of your debt, which will help improve your credit score. An improved credit score would lower your monthly payments, help you qualify, and become more “bankable”.

As you probably already know, the more “bankable” you are, the more banks will be willing to lend to you. Keep in mind, only do this if it will bring you closer to getting you out of debt, like we talked about in Option 2.

If you have a solid history with your credit card companies, call them and ask what they can do to lower your monthly pay-ments, via a lower interest rate or consolidation. And if you have fewer than five credit cards, consider asking one of your creditors to extend another credit card. This is much easier than applying for a loan or credit card with a company that does not have a rela-tionship with you. Your existing credit card companies know your payment history, so if you are a good customer, they will more likely extend a line of credit to you.

As I’m sure you know, today’s economy makes it more difficult to get an increased line of credit or a new credit card. However, this is an option I have seen work for some of my clients, so it is worth a call.

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Once again, if you are unsure about your credit score, look into it before calling them, as this is the number one reason why people are denied credit.

michael fiorina, a ucLa Professor said this about his credit score:

“After recommending 7 StepS to my student and clients, I realized that I had to apply several of the steps myself!”

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optioN 6Have You Asked About an FHA Loan?

as you know, today, banks have much stricter guidelines for granting loans. As a result, FHA loans are becoming more and more popular.

An FHA loan is guaranteed by the federal government through the Federal Housing Association. These loans were designed to help Americans who could not afford a conventional loan pur-chase homes with less stringent guidelines.

If you are being denied a traditional loan, ask about an FHA loan. You will soon learn that not all lenders understand or are approved to provide FHA loans. Visit www.7StepsTo720.com for a referral.

The good news is that FHA loans are government-backed so they have more lenient guidelines than typical loans. FHA loans require a minimum down payment of only 3.5 percent.

The downside is that the borrower pays a higher interest rate and more fees up front. FHA loans are great opportunities for borrowers that have no other options; unfortunately, you are going to pay more for those options.

Let me give you an example on the costs. On a $400,000 home loan, you would pay an additional $6,000 in upfront fees, plus additional mortgage insurance that could be as high as $300 per month, depending on your down payment.

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optioN 7Borrow from Parentsor Family Members.

i’m surE you arE THinking that family members are the hardest people to ask for money—and I agree! That being said, if approached properly, they are often the best.

If you are strategic in your request, you might find that both you and your family member could benefit from a family loan. For example, if you were to receive a loan from Grandpa Jenkins, who hides his cash under his mattress, you would save in many ways. First of all, you wouldn’t have any closing costs which alone can add up in a hurry. And, by paying Grandpa Jenkins interest, he could earn more than the rate paid by his mattress. But beware: If you cannot responsibly pay the debt, the last thing you want to do is borrow from family members and ruin a relationship.

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Too many people do not consider this option because they don’t know how to approach family members. The key is to approach your family members as though you are asking a bank for a loan. Remember that your family members do not owe you a loan any more than the banks do. Your family members will be more likely to extend a loan to you if you treat it as a business agreement and show them why it is a good investment on their end.

aPProacH famiLy mEmbErs wiTH a wriTTEn PLan.

I call it the “4-Step Family Loan Plan™,” and it includes:

Step 1• : A PLAn to rePAY tHe LoAn. Disclose your income and expenses, and show them that you have adequate resources to repay the loan.

Step 2• : IntereSt. Be sure to include a plan to pay interest and, if late, penalties.

Step 3• : A ContrACt And A CoMMIt-Ment In WrItIng to rePAY tHe LoAn. You can create your own contract or use a third party that specializes in loans between family members. You can contact an attorney. Another option is to utilize one of the “peer to peer” lending companies on the internet. These are companies that specialize in structuring loans between friends or family members. In fact, not only will they create an agreement, some will even send monthly statements! Visit www.7StepsTo720.com for more information on “peer to peer” lending.

STEP 4:• Collateral. Your family might turn down your offer for collateral, but insist on it nonetheless. You want them to feel comfortable lending money to you, and this will ensure them that you are acting responsibly.

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optioN 8

Borrow Against Cdsor Life Insurance Policy

for Low-Cost Loans.

THis is a grEaT oPTion as borrowing against your certificate of deposit (CD) is a low-cost, flexible path, especially if you have poor credit. Instead of paying a penalty by pulling money out of

your CD early, use it as collat-eral to secure a loan. This way, your CD will still collect inter-est even as you are given a loan. Interest on this loan is usually about 2 or 3 percent above the rate of the CD, plus loan fees.

CD loans are often effective avenues for people with poor credit as banks do not always conduct credit checks on CD loans. Banks consider money in CDs almost the same as money in savings accounts, and they will almost always let you borrow against CDs, the same as they allow you to withdraw your money from savings accounts.

Regardless, be sure to weigh the cost of the overall loan with the cost against simply withdrawing money from your CD early. In some cases, cashing your CD out early and paying the penalties might be the better way to go.

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If you have a permanent life insurance policy, you can borrow from it at any time and for any reason, which sometimes makes this option more beneficial and feasible than borrowing against an IRA or 401(k). Making this option even more appealing, penal-ties will not be assessed. Instead, the policy’s face value will simply be lowered commensurate with the loan. When and if you repay the loan, the original face value will be restored. That said, the life insurance company will charge you interest on the loan, but only if you re-invest it. In most cases, the interest is lower than a tradi-tional loan, but you might also have to pay a fee, depending on the terms of your life insurance company.

other upsides of borrowingagainst your life insurance policy are:

You can use it for anything you want. •

You can borrow 100 percent of the value of the •policy.

one big downside exists: If you do not pay the money back, the beneficiaries of the policy will not receive the full amount. Consult with your life insurance representative before going down this path. And, as always, be strategic!

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To Do ListIf you have hired any credit repair agencies, 1. identify if they have broken the law.

Get your credit report immediately. Go to 2. WWW.7STEPSTO720.COM for the link.

If your credit score is under 720, try my 3. program, 7 STEPS to a 720 Credit Score, risk free. Visit WWW.7STEPSTO720.COM to purchase your copy.

“Friend” Philip Tirone on 4. and be part of free product give-a-ways.

Follow Philip Tirone on 5. and keep up-to-date with cutting edge information.

Turn your success story into cash. Go to: 6. WWW.7STEPSTO720.COM for more information.

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A FINAL THOUGHT

aFteR ReaDinG tHiS BooK, I’m sure you can see my philosophy on borrowing: most people rely too heavily on their ability to borrow. Borrowing money is not necessarily a bad decision, but it must be made with the correct strategy in mind. Th e end result of any loan should be more freedom, but for too many people, loans create piles and piles of debt that can never be paid back.

As you know, fi nding loans in today’s environment is not easy, but if you only borrow money when you have excellent credit and a solid repayment plan, you will be much better positioned to secure and manage a loan that benefi ts your objectives.

No matter how diffi cult your fi nancial situation is right now, the proper plan will land you on higher ground—and you can take that to the bank!

Sincerely,

Philip Tirone, President7 Steps to 720, LLC

P.S. P lease emai l me your comments or thoughts at PHILIp@7StepsTo720.CoM. Although I am unable to give per-sonal credit advice, I would love to hear your thoughts, comments, and success stories!

P.P.S. Make sure to visit us at WWW.7StepsTo720.CoM for our other great products, news and information.

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ABOUT THE AUTHOR

ReCoGniZeD aS a tHoUGHt LeaDeR in the credit industry, Philip Tironespeaks nationwide on the problems with our credit scoring system and how it erroneously burdens America.

After closing $500 million in residential home fi nancing, Philip became attentive to the thousands of dollars in extra interest pay-ments being wasted by Americans because of

their credit scores. His mission is clear: educate Americans on how to increase their monthly disposable income without changing their life-style, simply by understanding the credit scoring process.

Realizing the strain this lack of credit transparency has on the American fi nancial system, Philip has made a personal commitment to show consumers how to navigate our credit system until our credit laws are changed and are fair to consumers.

Philip’s book 7 STEPS TO A 720® CREDIT SCORE, dispels the miscon-ceptions around our credit-scoring system and guides consumers who are struggling with bankruptcy, foreclosure, short sale, divorce, and many other experiences that impact a person’s credit score.

Philip and his programs have been featured in the Los Angeles Times, Wall Street Journal, Woman’s World Magazine, San Francisco Chronicle, Bottom Line Magazine, and the New York Times bestseller “Secrets of the Young & Successful.” Additionally, Philip has been a frequent guest lec-turer at UCLA Anderson School of Business and Management.

Philip currently resides in the Los Angeles area with his wife and three children.

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FOR INFORMATION ON:

Additional life-changing products:WWW.7STEPSTO720.COM

Speaking engagementsfor Philip Tirone:

WWW.PHILIPTIRONE.COM

Have a success story? Go to:WWW.7STEPSTO720.COM

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GettinG a HomeWhen the Bank’s aren’t Lending

Copyright © 2009 Philip Tirone All Rights Reserved. Published by 7 Steps to 720® LLC, a California Limited Liability Company

No part of this publication may be reproduced in any form by any electronic or mechanical means without the permission of the publisher, except by a reviewer who may quote brief passages in a review.

While the author and publisher have taken every precaution in preparing this booklet, the author and publisher assume no responsibility for errors or omissions, or for damages resulting from the use of the information contained herein.

Edited by Jocelyn Baker (www.JocelynBakerEditor.com)

Designed by Dotti Albertine (www.AlbertineBookDesign.com)

$19.95 Value