United
      States


Securities
      & Exchange Commission


Washington,
      D.C. 20549





FORM
      10-QSB








(Mark
      One)


[X]  QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934




For
      the
      quarterly period ended March 31, 2006





[
      ]  TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934





Commission
      file number 000-50968





**Ready
      Credit Corporation**


(Exact
      name of small business issuer as specified in its charter)





**Nevada**
            **20-1667449**(State
                or other jurisdiction
            (IRS
                Employerof
                incorporation or organization)
            Identification
                No.)







800
      Nicollet Mall, Suite 2690


Minneapolis,
      MN 55402


(Address
      of principal executive offices)





612-338-8948


(Issuer’s
      telephone number)





(Former
      Name, Former Address and Former Fiscal Year, if Changed Since Last
      Report)





Check
      whether the issuer (1) filed all reports required to be filed by section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days. YES [X] NO [ ]





Indicate
      by checkmark whether the Registrant is a shell company (as defined in Rule
      12b-2
      of the Exchange Act). YES [ ] NO [X]








APPLICABLE
      TO CORPORATE ISSUERS


State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of the latest practicable date: 8,800,000 shares of common stock outstanding
      as  of
      May 1,
      2006, par value $.001 per share.





Transitional
      Small Business Disclosure Format (check one): YES [ ] NO [X]








Ready
      Credit Corporation and Subsidiary


Form
      10-QSB


Quarter
      Ended March 31, 2006





Table
      of
      Contents





Page
                  No.PART
                  IFinancial
                  Information
              2Item
                  1.
              Financial
                  StatementsConsolidated
                  Balance Sheets at March 31, 2006 (unaudited) and December 31, 2005
                  (audited)
              2Consolidated
                  Statements of Operations for the three months ended March 31, 2006
                  and
                  2005 and for the period from inception to March 31, 2006
                  (unaudited)
              3Consolidated
                  Statements of Cash Flows for the three months ended March 31, 2006
                  and
                  2005 and for the period from inception toMarch 31, 2006
                  (unaudited)
              4Notes
                  to Consolidated Financial Statements
              5Item
                  2.
              Management’s
                  Discussion and Analysis or Plan of Operation
              9Item
                  3.
              Controls
                  and Procedures
              17PART
                  IIOther
                  Information
              17Item
                  6.
              Exhibits
              17SIGNATURES
              
              17











**PART
                I - Financial Information****Item
                1. Financial Statements**


**Ready
      Credit Corporation and Subsidiary**


**(A
      Development Stage Company)**


**Consolidated
      Balance Sheets**





At
              March
                31, 2006
            
            At
              December
                31, 2005Unaudited
            
            Audited*ASSETS*CURRENT
                ASSETS:Cash
            
            $
            341,437
            
            $
            189,437Prepaid
                expenses
            
            
            13,352
            
            
            15,937*Total
                current assets*
            
            
            354,789
            
            
            205,374Equipment,
                net
            
            
            326,841
            
            
            11,044Deposit
                on long-lived assets
            
            
            —
            
            
            111,000*Total**assets*
            
            $
            681,630
            
            $
            327,418





*LIABILITIES
                AND**STOCKHOLDERS’
                DEFICIT*CURRENT
                LIABILITIES:Accounts
                payable
            
            $
            298,929
            
            $
            154,724Accrued
                expenses
            
            
            106,267
            
            
            95,561Notes
                payable
            
            
            250,000
            
            
            250,000*Total
                current liabilities*
            
            
            655,196
            
            
            500,285STOCKHOLDERS’
                EQUITY (DEFICIT):Common
                stock, par value $.001 per share:Authorized
                shares--50,000,000Issued
                and outstanding shares:
              8,800,000
                and 8,225,000 at March 31, 2006 andDecember
                31, 2005, respectively
            
            
            8,800
            
            
            8,225Additional
                paid-in capital
            
            
            1,293,737
            
            
            672,889Deficit
                accumulated during development stage
            
            
            (1,276,103
            )
            
            (853,981
            )*Total**stockholders’
                equity (deficit)*
            
            
            26,434
            
            
            (172,867
            )*Total
                liabilities and**stockholders’
                equity (deficit)*
            
            $
            681,630
            
            $
            327,418


*See
      accompanying notes to consolidated financial statements*






2


**Ready
      Credit Corporation and Subsidiary**


**(A
      Development Stage Company)**


**Consolidated
      Statements of Operations**


**(Unaudited)**






For
                the Three Months Ended
              March
                31,
            
            Inception
                through
              March
                31,2006
            
            2005
            
            2006OPERATING
                EXPENSES:General
                and administrative
            
            $
            305,223
            
            $
            39,258
            
            $
            1,155,643Sales
                and marketing
            
            
            110,734
            
            
            —
            
            
            110,734*Total
                Operating Expenses:*
            
            
            415,957
            
            
            39,258
            
            
            1,266,377Operating
                loss
            
            
            (415,957
            )
            
            (39,258
            )
            
            (1,266,377
            )OTHER
                INCOME (EXPENSE):Interest
                expense
            
            
            (6,165
            )
            
            —
            
            
            (9,726
            )*Net
                Loss:*
            
            $
            (422,122
            )
            $
            (39,258
            )
            $
            (1,276,103
            )NET
                LOSS PER COMMON SHARE:Basic
                and diluted
            
            $
            (0.05
            )
            $
            (0.01
            )
            $
            (0.20
            )WEIGHTED-AVERAGE
                NUMBER OF SHARES OUTSTANDING:Basic
                and diluted
            
            
            8,400,278
            
            
            5,293,333
            
            
            6,523,903








*See
      accompanying notes to consolidated financial statements.*





3


**Ready
      Credit Corporation and Subsidiary**


**(A
      Development Stage Company)**


**Consolidated
      Statements of Cash Flows**


**(Unaudited)**


For
                the Three Months Ended March 31,
            
            Inception
                through
              March
                31,2006
            
            2005
            
            2006**Operating
                activities**Net
                loss
            
            $
            (422,122
            )
            $
            (39,258
            )
            $
            (1,276,103
            )Adjustments
                to reconcile net loss to net cash used in operating
                activities:Depreciation
                and amortization
            
            
            8,958
            
            
            39
            
            
            11,350Stock
                option expense
            
            
            47,530
            
            
            -
            
            
            47,530Common
                stock issued for distribution contract
            
            
            -
            
            
            10,000
            
            
            10,000Common
                stock issued for services
            
            
            -
            
            
            5,000
            
            
            5,000Changes
                in operating assets and liabilities:Prepaid
                expenses
            
            
            2,585
            
            
            (27,951
            )
            
            (13,352
            )Accounts
                payable
            
            
            144,205
            
            
            (583
            )
            
            298,929Accrued
                expenses
            
            
            10,706
            
            
            2,372
            
            
            106,267*Net
                cash used in operating activities:*
            
            
            (208,138
            )
            
            (50,381
            )
            
            (810,379
            )**Investing
                activities**Purchasesof
                equipment
            
            
            (213,755
            )
            
            (2,820
            )
            
            (338,191
            )*Net
                cash used in investing activities:*
            
            
            (213,755
            )
            
            (2,820
            )
            
            (338,191
            )**Financing
                activities**Proceeds
                from sale of common stock,
                net of issuance costs
            
            
            -
            
            
            550,344
            
            
            550,344Proceeds
                from sale of common stock and warrants, net of issuance
                costs
            
            
            573,893
            
            
            -
            
            
            694,663Cancellation
                of common shares
            
            
            -
            
            
            -
            
            
            (5,000
            )Proceeds
                from loan payable - related party
            
            
            -
            
            
            -
            
            
            1,000Proceeds
                from notes payable
            
            
            -
            
            
            -
            
            
            250,000Payments
                on loan payable - related party
            
            
            -
            
            
            (1,000
            )
            
            (1,000
            )*Net**cash
                provided by financing activities:*
            
            
            573,893
            
            
            549,344
            
            
            1,490,007Increase
                in cash and cash equivalents
            
            
            152,000
            
            
            496,143
            
            
            341,437Cash
                and cash equivalents at beginning ofperiod
            
            
            189,437
            
            
            1,000
            
            
            -*Cash
                at end of**period:*
            
            $
            341,437
            
            $
            497,143
            
            $
            341,437Noncash
                reclass of deposit on long-lived assets to equipment
            
            $
            111,000
            
            $
            -
            
            $
            111,000








*See
      accompanying notes to consolidated financial statements.*





4


Ready
      Credit Corporation. and Subsidiary


Notes
      to
      Consolidated Financial Statements


March
      31,
      2006 and 2005


(unaudited)








**Note
      1. Business Description.**





The
      Company provides debit cards through convenient, easy to use self-service
      kiosks. Debit cards offer consumers a cost effective and flexible means of
      managing personal assets, paying bills and taking advantage of the millions
      of
      retail locations that accept credit cards.





Pursuant
      to an Amended and Restated Agreement and Plan of Merger dated as of May 3,
      2005
      (the “Merger Agreement”), by and among Ready Credit Corporation (f/k/a
      Thunderball Entertainment, Inc. and also f/k/a Philadelphia Mortgage Corp.,
      the
“Company” or “Ready Credit”), Philadelphia Mortgage Newco, Inc., a Minnesota
      corporation and wholly owned subsidiary of the Company (“Merger Subsidiary”),
      and Domino Entertainment, Inc., a Minnesota corporation (f/k/a Thunderball
      Entertainment, Inc., “Domino”), Merger Subsidiary merged with and into Domino,
      with Domino remaining as the surviving entity and a wholly owned operating
      subsidiary of the Company. The merger was effective as of May 13, 2005.





Prior
      to
      the merger and pursuant to the Merger Agreement, the Company cancelled 133,334
      shares of common stock held by the Company’s pre-merger shareholders and issued
      459,141 shares of restricted common stock to certain pre-merger shareholders.
      As
      a result, there were 600,000 shares of Company common stock outstanding prior
      to
      the merger. At the effective time of the merger, the legal existence of Merger
      Subsidiary ceased, and all 8,000,000 shares of common stock of Domino that
      were
      outstanding immediately prior to the merger and held by Domino’s shareholders
      were cancelled, with one share of common stock of Domino issued to the Company.
      Simultaneously, the former holders of Domino common stock received an aggregate
      of 8,000,000 shares of common stock of the Company, representing approximately
      93.0% of the Company’s common stock outstanding immediately after the
      merger.





Generally
      accepted accounting principles in the United States of America generally require
      that the company whose shareholders retain a majority interest in a business
      combination be treated as the acquiror for accounting purposes. As a result,
      for
      accounting purposes, the Merger was treated as a recapitalization of Domino
      rather than as a business combination. The assets and liabilities resulting
      from
      the reverse acquisition were the Domino assets and liabilities (at historical
      cost). There were no assets or liabilities on Ready Credit’s books at the time
      of the Merger. Accordingly, when the term “Company” is used herein, it is
      referring to business and financial information of Domino. The Company expensed
      $205,768 of costs related to the Merger during the three months ended June
      30,
      2005. The fiscal year for the Company has been changed from January 31 to
      December 31 to comport with the fiscal year for Domino.





On
      May
      19, 2005, the Company changed its name from Philadelphia Mortgage Corp. to
      Thunderball Entertainment, Inc. through a short-form merger with Thunderball
      Entertainment, Inc., as permitted under Nevada law. On May 27, 2005 the Company
      changed the name of its wholly-owned subsidiary from Thunderball Entertainment,
      Inc. to Domino Entertainment, Inc. On August 17, 2005, the Company changed
      its
      name to Ready Credit Corporation as permitted under Nevada law.





The
      Company is a development stage company that has not generated any revenues
      to
      date.





The
      accompanying consolidated financial statements have been prepared on the basis
      that the Company will continue as a going concern. The Company had significant
      operating losses for the three months ended March 31, 2006, the year ended
      December 31, 2005 and for the period from October 1, 2004 (inception) to March
      31, 2006, and had an accumulated deficit at March 31, 2006. The Company does
      not
      have adequate liquidity to fund its operations throughout fiscal 2006. These
      conditions raise substantial doubt about its ability to continue as a going
      concern. The financial statements do not include any adjustments that might
      result from the outcome of this condition. To provide additional working
      capital, management intends to seek additional financing. If the Company is
      not
      able to raise additional working capital, it would have a material adverse
      effect on the operations of the Company.





5


**Note
      2. Summary of Significant Accounting Policies.**





*Interim
      Financial Information* .
      The
      accompanying unaudited consolidated financial statements have been prepared
      in
      accordance with accounting principles generally accepted in the United States
      of
      America and pursuant to the rules and regulations of the U. S. Securities and
      Exchange Commission (the “SEC”) for interim financial information. Accordingly,
      certain information and footnote disclosures normally included in financial
      statements prepared in accordance with accounting principles generally accepted
      in the United States of America have been omitted pursuant to such rules and
      regulations. Operating results for the three months ended March 31, 2006 are
      not
      necessarily indicative of the results that may be expected for the year ending
      December 31, 2006. The accompanying consolidated financial statements and
      related notes should be read in conjunction with the Company’s audited financial
      statements, and notes thereto, for the fiscal year ended December 31, 2005
      contained in its Annual Report on Form 10-KSB for the year ended December 31,
      2005.





The
      financial information furnished reflects, in the opinion of management, all
      adjustments, consisting of normal recurring accruals, necessary for a fair
      presentation of the results of the interim periods presented.





*Use
      of Estimates.* The
      preparation of these consolidated financial statements in conformity with
      accounting principles generally accepted in the United States of America
      requires management to make estimates and assumptions that may affect the
      reported amounts and disclosures in the consolidated financial statements and
      accompanying notes. Actual results could differ from these
      estimates.





*Fair
      Value of Financial Instruments.* The
      carrying amounts for all financial instruments approximate fair value. The
      carrying amounts for cash and cash equivalents, accounts payable, accrued
      expenses and loan payable approximate fair value because of the short maturity
      of these instruments.





*Cash
      and Cash Equivalents* .
      The
      Company maintains its cash in high quality financial institutions. The balances,
      at times, may exceed federally insured limits.





*Equipment* .
      Equipment is stated at cost. Depreciation of an asset was recognized on the
      straight-line basis over the asset’s estimated useful life of three years.
      Maintenance, repairs and minor renewals are expensed when incurred. Sales and
      retirements of depreciable property are recorded by removing the related cost
      and accumulated depreciation from the accounts. Gains or losses on sales and
      retirements of property are reflected in the Company’s results of operations.





Management
      reviews long-lived assets for impairment whenever events or changes in
      circumstances indicate that the carrying amount of an asset may not be
      recoverable. Recoverability of assets to be held and used is measured by a
      comparison of the carrying amount of an asset to its fair value, which considers
      the future undiscounted cash flows expected to be generated by the asset. If
      such assets are considered to be impaired, the impairment recognized is measured
      by the amount by which the carrying amount of the assets exceeds their fair
      value. Assets to be disposed of are reported at the lower of the carrying amount
      or the fair value less costs of disposal.





*Income
      Taxes.* The
      Company utilizes the liability method of accounting for income taxes. Under
      this
      method, deferred tax assets and liabilities are recognized for the expected
      future tax consequences attributable to temporary differences between the
      financial statement and income tax reporting bases of assets and liabilities.
      Deferred tax assets are reduced by a valuation allowance to the extent that
      realization is not assured.





*Research
      and Development Costs.* The
      Company expenses research and development costs as incurred. Research and
      development expense was $75,429, $0 and $282,775 for the three months ended
      March 31, 2006 and 2005, and the period from October 1, 2004 (inception) to
      March 31, 2006, respectively.





*Net
      Loss Per Common Share* .
      Basic
      and diluted loss per common share is computed by dividing net loss by the
      weighted-average number of common shares outstanding for the reporting period.
      Dilutive common-equivalent shares have not been included in the computation
      of
      diluted net loss per share because their inclusion would be antidilutive.
      Antidilutive common-equivalent shares issuable based on future exercise of
      stock
      options or warrants could potentially dilute basic loss per common share in
      subsequent years. All options and warrants outstanding were antidilutive for
      the
      three months ended March 31, 2006 and 2005, and the period from October 1,
      2004
      (inception) to March 31, 2006.





6


For
      the
      three months ended March 31, 2006 and for the period from inception through
      March 31, 2006, 990,000 shares attributable to outstanding stock options and
      warrants were excluded from the calculation of diluted earnings per share
      because the effect was anti-dilutive. All common share equivalents are
      anti-dilutive in periods where the Company generates a net loss.





*Stock-Based
      Compensation* . On
      December 16, 2004, the Financial Accounting Standards Board, or FASB, issued
      Statement of Financial Accounting Standards (SFAS) No. 123(R), “Share-Based
      Payment”, which is a revision of SFAS No. 123 and supersedes APB Opinion No. 25.
      SFAS No. 123 (R) requires all share-based payments to employees, including
      grants of employee stock options, to be valued at fair value on the date of
      grant, and to be expensed over the applicable vesting period. Pro forma
      disclosure of the income statement effects of share-based payments is no longer
      an alternative. SFAS 123 (R) is effective for all share-based awards granted
      on
      or after September 1, 2005. In addition, companies must also recognize
      compensation expense related to any awards that are not fully vested as of
      the
      effective date. Compensation expense for the unvested awards will be measured
      based on the fair value of the awards previously calculated in developing the
      pro forma disclosures in accordance with the provisions of SFAS No. 123. We
      implemented SFAS No. 123(R) on January 1, 2006 using the modified prospective
      method.





As
      more
      fully described in our Annual Report on Form 10-KSB for the year ended December
      31, 2005, the Company has granted stock options over the years to employees
      and
      directors under various stockholder approved stock option plans. At March 31,
      2006, 990,000 stock options are outstanding. The fair value of each option
      grant
      was determined as of grant date, utilizing the Black-Scholes option pricing
      model. Based on these valuations, the Company recognized compensation expense
      of
      $47,530 ($0.01 per share) in the three months ended March 31, 2006 related
      to
      the amortization of the unvested portion of these options as of January 1,
      2006.
      The amortization of each option grant will continue over the remainder of the
      vesting period of each option grant. The Company expects that the impact on
      earnings for the remainder of the year ended December 31, 2006 for stock based
      compensation will be approximately $142,590 and estimates the impact on future
      earnings to be approximately $436,593.





The
      following significant assumptions were utilized to calculate the fair value
      information presented utilizing the Black-Scholes pricing model:




Three
                Months Ended March 31,
            
            Inception
                Through
              March
                31,2006
            
            2005
            
            2006Risk
                Free interest rate
            
            
            4.30
            %
            
            N/A
            
            
            4.08
            %Expected
                life
            
            
            5.0
            years
            
            N/A
            
            
            4.1
            yearsExpected
                volatility
            
            
            101
            %
            
            N/A
            
            
            89
            %Expected
                dividends
            
            
            0
            %
            
            N/A
            
            
            0
            %





Expected
      volatility is based on implied volatility from historical volatility of our
      stock price since May 13, 2005. The Company uses historical Company and industry
      data along with implied data to estimate the expected option life and the
      expected dividend yield. The risk-free rate for periods within the contractual
      life of the option is based on the U.S. Treasury rate in effect at the time
      of
      grant. Based upon the lack of history, the Company will estimate a forfeiture
      rate upon the granting of options which will be considered to be a reasonable
      indicator of future performance in the opinion of management.








**Note
      3. Note Payable**





In
      November 2005, the Company issued two unsecured short-term promissory notes
      to
      two separate investors in exchange for a total of $250,000. Both of the
      promissory notes accrue interest at the rate of 10% per annum, and were due
      and
      payable in full upon the earlier of (i) May 10, 2006 or (ii) the earlier of
      (x)
      the Company’s completion of a financing transaction on or prior to December 7,
      2005 which generates $750,000 in proceeds as a direct result of introductions
      made by Corporate Capital Management, L.L.C. to the Company or (y) the Company’s
      completion of a financing transaction which generates $1,000,000 in
      proceeds.





7


For
      the
      three months ended March 31, 2006 and 2005 and the period from October 1, 2004
      (inception) to March 31, 2006, the Company recorded interest expense of $6,165,
      $0 and $9,726, respectively. $9,726 of interest expense was accrued at March
      31,
      2006.





In
      May
      2006, the due date of one of the promissory notes was extended to May 31, 2006.
      Also in May 2006, the other promissory note, along with accrued interest of
      $6,164, was converted into 131,164 units under the Company’s Third Offering (See
      Note 5).








**Note
      4. Loan Payable - Related Party**





At
      December 31, 2004, the Company had an unsecured loan payable of $1,000. The
      loan
      was due upon demand and was non-interest bearing .
      In
      January 2005, the Company repaid the $1,000 loan payable - related
      party.




**Note
      5. Shareholder’s Deficit**





**Common
      Stock**





In
      January 2005, Domino began a private placement which ended in February 2005
      (the
“Offering”). In the Offering, Domino sold a total of 5,500,000 shares of its
      common stock for a per share price of $0.01 (i.e., raising a gross total of
      $55,000). The Offering was a private placement made under Rule 506 promulgated
      under the Securities Act of 1933, as amended.





In
      January 2005, Domino issued 1,000,000 shares of its common stock to Aurora
      Technology, Inc. (“Aurora”) pursuant to an agreement whereby Aurora transferred
      to Domino its rights to a distribution agreement by and between Aurora and
      Alta
      Co. Ltd. The agreement with Alta Co. Ltd. expires on January 1, 2007. The
      Company expensed the value of the shares of common stock issued to Aurora,
      $10,000, since there was no value assigned to future services related to the
      distribution agreement.





In
      January 2005, Domino
      entered consulting agreements with 4 individuals, each of which were
      shareholders of Domino. Domino issued a total of 500,000 shares of its common
      stock to the four individuals as compensation for the consulting services.
      The
      shares were valued at $.01 per share, based upon the last sales price of Domino
      common stock on the day the consulting agreements were executed, and charged
      $5,000 to expense.





In
      February 2005, Domino began a second private placement which ended in March
      2005
      (the “Second Offering”). In the Second Offering, Domino sold a total of
      1,000,000 shares of its common stock for a per share price of $0.50 (i.e.,
      raising a gross total of $500,000). The Second Offering was a private placement
      made under Rule 506 promulgated under the Securities Act of 1933, as amended.





At
      the
      effective time of the merger transaction among the Company, Domino, and Merger
      Subsidiary, the legal existence of Merger Subsidiary ceased, and all 8,000,000
      shares of common stock of Domino that were outstanding immediately prior to
      the
      Merger and held by Domino’s shareholders were cancelled, with one share of
      common stock of Domino issued to the Company. Simultaneously, the former holders
      of Domino common stock received an aggregate of 8,000,000 shares of common
      stock
      of the Company, representing approximately 93.0% of the Company’s common stock
      outstanding immediately after the Merger. Additionally, pursuant to the Merger
      Agreement, the Company cancelled 133,334 shares of common stock held by the
      Company’s shareholders and issued 459,141 shares of restricted common stock to
      certain of the Company’s shareholders.





In
      October 2005, the Company began a private placement offering of a maximum of
      1,500,000 units for sale for a per unit price of $1.00 (the “Third Offering”).
      Each unit consisted of one share of the Company’s common stock and a five-year
      warrant to purchase one additional share of the Company’s common stock at a
      purchase price $1.50 per share. The Third Offering is a private placement made
      under Rule 506 promulgated under the Securities Act of 1933, as amended. The
      securities offered and sold in the third offering have not been registered
      under
      the Securities Act and may not be offered or sold in the United States absent
      registration or an applicable exemption from registration
      requirements.





8


**Note
      6. Stock Options and Warrants**





At
      March
      31, 2006 and December 31, 2005, the Company had 700,000 and 125,000 warrants
      outstanding, resepectively, with exercise prices of $1.50. The warrants expire
      at various times in 2010 and 2011 and are fully vested.





In
      July
      2005, the Company’s board of directors approved a stock option plan (“2005 Stock
      Option Plan”) to provide incentives to employees, directors, officers and
      consultants. Currently, 1,500,000 shares of common stock are reserved for
      issuance under the 2005 Stock Option Plan. Under the 2005 Stock Option Plan,
      options may be issued as either incentive stock options or non-statutory stock
      options, and are valued at the fair market value of the underlying stock on
      the
      date of grant. The exercise price of incentive stock options may not be less
      than 100% of the fair market value of the stock underlying the option on the
      date of the grant and, in some cases, may not be less than 110% of such fair
      market value. The adoption of the 2005 Stock Option Plan is subject to
      shareholder approval. If not approved by the shareholders on or prior to the
      one-year anniversary date of the board of directors’ approval, the Company will
      not be able to issue incentive stock options under the 2005 Stock Option Plan.
      As of March 31, 2006, the Company had granted options for 990,000 shares of
      common stock, with exercise prices ranging from $1.01 to $1.15, under the 2005
      Stock Option Plan.








**Note
      7. Related Party Transactions**





A
      company
      wholly-owned by a director and the former Chairman and Chief Executive Officer
      of the Company and employing a director and Chief Financial Officer of Ready
      Credit charged approximately $25,937 and $5,785 for rent and consulting services
      during the three months ended March 31, 2006 and 2005, respectively and $90,417
      for rent and consulting services for the period from October 1, 2004 (inception)
      to March 31, 2006. The rent agreement is month-to-month with a base rent of
      $3,000 per month.




A
      limited
      liability company, owned by the spouse and daughter of a
      director and the former Chairman and Chief Executive Officer of the Company,
      loaned the Company $1,000 in October 2004. The loan was due upon demand and
      was
      non-interest bearing. The loan was repaid in January 2005.








**Note
      8. Subsequent Events**





In
      May
      2006, the due date of one of the Company’s unsecured short-term promissory notes
      was extended to May 31, 2006. Also in May 2006, the other unsecured short-term
      promissory note, along with accrued interest of $6,164, was converted into
      131,164 units under the Company’s Third Offering (See Note 5).





In
      May
      2006, the Company sold an additional 446,164 units, including 131,164 units
      related to the conversion of the unsecured short-term promissory note discussed
      above, under the Third Offering. These units were not and have not been
      registered under the Securities Act and may not be offered or sold in the United
      States absent registration or an applicable exemption from registration
      requirements.








**Item
      2. Management’s Discussion and Analysis or Plan of
      Operation**





The
      accompanying management’s discussion and analysis of the Company’s consolidated
      financial condition and results of operations should be read in conjunction
      with
      Management’s Discussion and Analysis of Financial Condition and Results of
      Operations and the Company’s audited financial statements, and notes thereto,
      for the fiscal year ended December 31, 2005, included in our Annual Report
      on
      Form 10-KSB for the year ended December 31, 2005.




9


**General**





The
      Company intends to provide prepaid credit cards through convenient, easy to
      use
      self-service kiosks. Prepaid credit cards offer millions of consumers a cost
      effective and flexible means of managing personal assets, paying bills and
      taking advantage of the millions of retail locations that accept credit
      cards.





Pursuant
      to an Amended and Restated Agreement and Plan of Merger dated as of May 3,
      2005
      (the “Merger Agreement”), by and among Ready Credit Corporation (f/k/a
      Thunderball Entertainment, Inc. and also f/k/a Philadelphia Mortgage Corp.,
      the
“Company” or “Ready Credit”), Philadelphia Mortgage Newco, Inc., a Minnesota
      corporation and wholly owned subsidiary of the Company (“Merger Subsidiary”),
      and Domino Entertainment, Inc., a Minnesota corporation (f/k/a Thunderball
      Entertainment, Inc., “Domino”), Merger Subsidiary merged with and into Domino,
      with Domino remaining as the surviving entity and a wholly owned operating
      subsidiary of the Company. The merger was effective as of May 13, 2005.




Prior
      to
      the merger and pursuant
      to the Merger Agreement, the Company cancelled 133,334 shares of common stock
      held by the Company’s pre-merger shareholders
      and issued 459,141 shares of restricted common stock to certain pre-merger
      shareholders. As a result ,
      there
      were 600,000 shares of Company
      common stock outstanding prior to the merger.  At
      the
      effective time of the merger, the legal existence of Merger Subsidiary ceased,
      and all 8,000,000 shares of common stock of Domino that were outstanding
      immediately prior to the merger and held by Domino’s shareholders were
      cancelled, with one share of common stock of Domino issued to the Company.
      Simultaneously, the former holders of Domino common stock received an aggregate
      of 8,000,000 shares of common stock of the Company, representing approximately
      93.0% of the Company’s common stock outstanding immediately after the merger.





Generally
      accepted accounting principles in the United States of America generally require
      that the company whose shareholders retain a majority interest in a business
      combination be treated as the acquiror for accounting purposes. As a result,
      for
      accounting purposes, the merger was treated as a recapitalization of Domino
      rather than as a business combination. The assets and liabilities resulting
      from
      the reverse acquisition were the Domino assets and liabilities (at historical
      cost). There were no assets or liabilities on the Company’s books at the time of
      the merger. In addition, the Company’s fiscal year has been changed from January
      31 to December 31 to correspond with the fiscal year for Domino.





On
      May
      19, 2005, the Company changed its name from Philadelphia Mortgage Corp. to
      Thunderball Entertainment, Inc. through a short-form merger with Thunderball
      Entertainment, Inc., as permitted under Nevada law. On May 27, 2005 the Company
      changed the name of its wholly-owned subsidiary from Thunderball Entertainment,
      Inc. to Domino Entertainment, Inc. On August 17, 2005, the Company changed
      its
      name to Ready Credit Corporation as permitted under Nevada law.







**Plan
      of Operation and Results of Operations**





**The
      Three** **Months Ended March 31, 2006 Compared to the Three Months Ended March 31,
      2005**





The
      Company is a development stage company that has not generated any revenues
      to
      date.





*General
      and Administrative Expenses* .
      General
      and administrative expenses for the three months ended March 31, 2006 and 2005
      were $305,223 and $39,258, respectively. The increase in general and
      administrative expenses for the three months ended March 31, 2006 as compared
      with the three months ended March 31, 2005 was primarily the result of expenses
      related to the Company commencing operations in the prepaid debit card business
      including salary expense, stock option expense, consulting fees, and legal
      and
      professional fees.





*Sales
      and Marketing Expenses* .
      Sales
      and marketing expenses for the three months ended March 31, 2006 and 2005 were
      $110,734 and $0, respectively. The increase in sales and marketing expenses
      for
      the three months ended March 31, 2006 as compared with the three months ended
      March 31, 2005 was primarily the result of expenses related to the Company
      commencing operations in the prepaid debit card business including salary
      expense, and consulting fees related to the Company’s website
      development.





10


*Net
      Loss* .
      The
      Company incurred a net loss of $422,122 and $39,258 for the three months ended
      March 31, 2006 and 2005, respectively. The increase in the net losses for the
      three months ended March 31, 2006 as compared with the three months ended March
      31, 2005 was primarily the result of the Company commencing operations in the
      prepaid debit card business which included salary expense, stock option expense,
      consulting fees, and legal and professional fees during 2006.





*Liquidity
      and Capital Resources* .
      The
      Company had a working capital deficit of $300,407 and cash of $341,437 at March
      31, 2006. Cash used in operations was $97,138 for the three months ended March
      31, 2006. For the three months ended March 31, 2006, the primary uses of cash
      were to fund the Company’s net loss partially offset by non-cash expenses
      related to stock option expense and depreciation and amortization. Further
      partially offsetting the cash used related to the Company’s net loss was an
      increase in accounts payable and a decrease in deposit on long-lived assets.
      Cash used in operations was $50,381 for the three months ended March 31, 2005,
      primarily to fund the Company’s net loss and due to an increase in prepaid
      expenses. These uses were partially offset by non-cash charges related to common
      stock issued for a distribution contract and services.





Cash
      used
      in investing activities was $324,755 and $2,820 for the three months ended
      March
      31, 2006 and 2005, respectively. For the three months ended March 31, 2006
      and
      2005, the Company used cash for capital expenditures.





Cash
      provided by financing activities was $ 573,893
      and $549,344 for the three months ended March 31, 2006 and 2005, respectively.
      For the three months ended March 31, 2006 proceeds from the sale of 575,000
      shares of the Company’s common stock and warrants to purchase an additional
      575,000 shares of the Company’s common stock at a purchase price of $1.50, net
      of issuance costs, provided the cash from financing activities. In January
      2005,
      Domino Entertainment, Inc. began a private placement offering which ended in
      February 2005. In that offering, Domino Entertainment, Inc. sold a total of
      5,500,000 shares of its common stock for a per-share price of $0.01, raising
      a
      gross total of $55,000. In February 2005, Domino Entertainment, Inc. began
      a
      second private placement offering which ended in March 2005. In that second
      offering, Domino sold a total of 1,000,000 shares of its common stock for a
      per-share price of $0.50, raising a gross total of $500,000. Domino
      Entertainment, Inc. incurred total legal costs related to these private
      placements of approximately $5,000. All the shares of Domino Entertainment
      were
      exchanged on one-for-one basis into shares of the Company upon the consummation
      of the reverse merger.





The
      Company expects to spend a significant amount of cash developing its prepaid
      debit card dispensing machines and purchasing capital equipment purchases over
      the next 12 months, primarily as it places its machines in facilities. The
      Company expects that it will use debt and/or equity financing to purchase this
      equipment. The Company also anticipates hiring additional personnel over the
      next 12 months as it grows its business.





Management
      believes that its cash should be sufficient to satisfy its cash requirements
      through July
      2006. The Company will need additional financing to meet its needs beyond that
      period and has been actively pursuing such additional financing.








**Risk
      Factors**





**We
      have no operating history and we anticipate incurring future
      losses.**





We
      are in
      the early stages of operating a business to provide prepaid debit cards. We
      are
      therefore subject to all of the risks and uncertainties inherent in establishing
      a new business. We have no prior operating history for these products from
      which
      to evaluate our likelihood of success in operating our business, generating
      any
      revenues or achieving profitability. In sum, we have very limited assets, no
      operating revenue and uncertain prospects of future profitable operations.
      Our
      operations may not be successful and the likelihood of our success must be
      considered in light of the problems, expenses, difficulties, complications
      and
      delays frequently encountered in connection with the formation of a new
      business, development of new technology and the competitive environment in
      which
      we plan to operate. We anticipate that we will incur losses for the foreseeable
      future.





11


**We
      will need additional financing in the future and any such financing will likely
      dilute our existing shareholders or involve covenants restricting our
      operations.**





We
      will
      likely require additional financing before we can generate revenues needed
      to
      sustain operations. In particular, we believe that our current cash is
      sufficient to continue current and anticipated operations only through July
      2006. Additional financing could be sought from a number of sources, including
      but not limited to additional sales of equity or debt securities (including
      equity-linked or convertible debt securities), loans from banks or other
      financial institutions, and loans from affiliates of the Company. We may not,
      however, be able to obtain any such additional financing when needed, or do
      so
      on terms and conditions acceptable or favorable to the Company, if at all.
      If
      financing is not available, we may be forced to abandon our business plans
      or
      our entire business, discontinue our preparation and filing of public disclosure
      reports with the SEC, or dissolve the Company. If we are able to obtain
      financing, any additional equity or equity-linked financing would dilute our
      shareholders, and any additional debt financing may involve restricting certain
      operational restrictions.





**Visa
      or MasterCard has not formally approved our entire business plan and model,
      and
      our failure to obtain such approval would be materially adverse to our business
      plans.**





Currently,
      our entire business plan and model has not been formally approved by Visa or
      MasterCard and we have no agreements with either entity. Our business plan
      and
      model critically relies on obtaining such an approval and agreement. If we
      are
      unable to obtain such an approval, we would likely be forced to materially
      alter
      our plans and model and may be forced to abandon the business.





**Our
      independent auditors have substantial doubt about our ability to continue as
      a
      going concern.**





We
      have
      had net losses for the three months ended March 31, 2006, the year ended
      December 31, 2005, and for the period from October 1, 2004 (inception) to March
      31, 2006, and we had an accumulated deficit as of March 31, 2006. Since the
      consolidated financial statements for these periods were prepared assuming
      that
      we would continue as a going concern, in the view of our independent auditors,
      these conditions raise substantial doubt about our ability to continue as a
      going concern. Furthermore, since we are pursuing a new line of business, this
      diminishes our ability to accurately forecast our revenues and expenses. At
      this
      time, we believe our ability to continue as a going concern depends, in large
      part, on our ability to raise sufficient capital through subsequent financing
      transactions. If we are unable to raise additional capital, we may be forced
      to
      discontinue our business.





**The
      machines and software to dispense prepaid debit cards critical to our future
      success have not been, and may never be, fully developed.**





We
      intend
      to develop machines and software to dispense prepaid debit cards. The
      development process, though commenced, has not yet been completed and we cannot
      be certain that the machines and software will work as anticipated and required
      for use in a highly regulated marketplace. Our successful development of these
      items remains subject to all the risks associated with the development and
      manufacture of products based on new technologies, including unanticipated
      technical or other problems, failures to meet regulatory requirements or
      performance objectives, and the possible insufficiency of the funds allocated
      for the completion of such development. Any of these failures could result
      in a
      change in the design, delay in the development, or complete abandonment of
      our
      current plans for these machines and software. Consequently, there can be no
      assurance we will ever successfully develop and manufacture products to dispense
      prepaid debit cards. Our failure to develop these items will likely have a
      materially adverse effect on our business and prospects for future
      profitability.





**Even
      if successfully developed, our prepaid debit cards may not be accepted by the
      marketplace.**





Even
      if
      we successfully test, develop and manufacture software and machines to dispense
      prepaid debit cards, the marketplace may not accept our prepaid debit cards
      due
      to our failure to successfully compete against products, lack of general demand,
      changing technology, or other reasons.





**We
      will depend upon others to manufacture our card-dispensing products, and as
      a
      result we will be unable to fully control the supply of our products to the
      market.**




Our
      ability to develop, manufacture and successfully commercialize our proposed
      products depends upon our ability to enter into and maintain contractual and
      collaborative arrangements with others. We do not intend to manufacture any
      of
      our proposed products; but instead intend to retain contract manufacturers.
      These manufacturers may not be able to supply our products in the required
      quantities, at appropriate quality levels or at acceptable costs. We may be
      adversely affected by any difficulties encountered by such third-party
      manufacturers that result in product defects, production delays or the inability
      to fill orders and place machines on a timely basis. If a manufacturer cannot
      meet our quality standards and delivery requirements in a cost-efficient manner,
      we would likely suffer interruptions of delivery while we arrange for
      alternative manufacturing sources. Any extended disruption in the delivery
      of
      products could result in our inability to satisfy customer demand for our
      products. Disruptions in the delivery of our products, even for short periods,
      may have a materially adverse effect on our business and results of operations.





12





**Our
      reliance on third-party manufacturers and other third parties in other aspects
      of our business will reduce any profits we may earn from our products, and
      may
      negatively affect future product development.**





As
      noted
      above, we currently intend to market and commercialize products manufactured
      by
      others, and in connection therewith we will likely be required to enter into
      manufacturing, licensing and distribution arrangements with third parties.
      These
      arrangements will likely reduce our product profit margins. In addition, the
      identification of new product candidates for development may require us to
      enter
      into licensing or other collaborative agreements with others. These
      collaborative agreements may require us to pay license fees, make milestone
      payments, pay royalties and/or grant rights, including marketing rights, to
      one
      or more parties. Any such arrangement will likely reduce our profits. Moreover,
      these arrangements may contain covenants restricting our product development
      or
      business efforts in the future.





**We
      may not be able to enter into manufacturing agreements or other collaborative
      agreements on terms acceptable to us, if at all, which failure would materially
      and adversely affect our business.**





We
      may
      not be able to enter into manufacturing or other collaborative arrangements
      with
      third parties on terms acceptable to us, if at all, when and as required. If
      we
      fail to establish such arrangements when and as necessary, we could be required
      to undertake these activities at our own expense, which would significantly
      increase our capital requirements and may delay the development, manufacture
      and
      installation of our prepaid debit card dispensing machines. If we could not
      find
      ways of addressing these capital requirements, we would likely be forced to
      sell
      or abandon our business.





**We
      are highly dependent on the services provided by certain executives and key
      personnel.**





Our
      success depends in significant part upon the continued service of certain senior
      management and other key personnel. In particular, we are materially dependent
      upon the services of Tim Walsh, a director of the Company and our President
      and
      Chief Executive Officer. If he should no longer serve the Company it would
      likely have a materially adverse impact on our business, financial condition
      and
      operations. We do not have an employment or non-compete agreement with Mr.
      Walsh. In addition, the Company has not secured any “key person” life insurance
      covering the life of Mr. Walsh.





Our
      success also depends on our ability to identify, hire, train, retain and
      motivate highly skilled technical, managerial, sales and marketing personnel.
      We
      intend to hire a number of sales, business development, marketing, technical
      and
      administrative personnel in the future. Competition for such personnel is
      intense and there can be no assurance that we will successfully attract,
      assimilate or retain a sufficient number of qualified personnel. The failure
      to
      retain and attract the necessary technical, managerial, sales and marketing
      and
      administrative personnel could have a material adverse impact on our business,
      financial condition and operations.





**We
      operate in a highly competitive environment.**




We
      believe it will be difficult to compete in the market for prepaid credit cards
      because there are a number of established companies that currently offer
      products and services that will compete directly with our prepaid debit cards.
      In particular, Eufora, UniRush Financial Services, Purpose Solutions, LLC and
      CashPass Network enjoy established market position in the market for prepaid
      debit cards. If these well-established companies were to focus their resources
      on developing financial kiosks to dispense instant prepaid credit cards, our
      ability to capitalize on the perceived market opportunities could be
      significantly impaired. Moreover, these competitors (and others) may be better
      able to provide similar products and services (and a wider range of products
      and
      services) over a broader geographic area.




13


More
      generally, the competition among financial services providers to attract and
      retain customers is intense. Customer loyalty can be easily influenced by a
      competitor’s new products, especially offerings that provide cost savings to the
      customer. The development of a successful new product by a competitor could
      adversely affect the market demand for our products and impair our ability
      to
      generate revenues.




We
      believe that the financial services industry will become even more competitive
      as a result of legislative, regulatory and technological changes and the
      continued consolidation of the industry. Technology has lowered barriers to
      entry and made it possible for non-banks, like the Company, to offer products
      and services traditionally provided by banks, such as automatic funds transfer
      and automatic payment systems.




**We
      have limited trademark rights, copyrights, or proprietary business methods.**





We
      currently have limited proprietary patents, trademark right and copyrights
      relating to our business. We expect to seek protection of our trademark rights
      and other intellectual property rights as necessary to protect our business.
      However, we may not be able to obtain meaningful intellectual property rights
      relating to any aspects of our business, and we may discover that a third party
      possess rights to intellectual property necessary for our business, which could
      require us to enter into a license agreement with such third party on terms
      that
      may not be favorable to us. Moreover, such a third party may not be willing
      to
      license technology to us at all.





**We
      may be unable to protect intellectual property rights that we obtain, and we
      may
      become subject to infringement claims by third parties.**





Despite
      our efforts to protect our intellectual property, third parties may infringe
      or
      misappropriate our intellectual property or may develop software or technology
      competitive to ours. Our competitors may independently develop similar
      technology, duplicate our products or services or design around our intellectual
      property rights. As a result, we may have to litigate to enforce and protect
      our
      intellectual property rights to determine their scope, validity or
      enforceability. Intellectual property litigation is particularly expensive,
      could cause a diversion of resources, and may not prove successful. The loss
      of
      intellectual property protection or the inability to secure or enforce
      intellectual property protection could materially harm our business and ability
      to compete.





We
      also
      may be subject to costly litigation in the event our products or technology
      infringe upon another party’s proprietary rights. Third parties may have, or may
      eventually be issued, patents that would be infringed by our products or
      technology. Any of these third parties could make a claim of infringement
      against us with respect to our products or technology. We may also be subject
      to
      claims by third parties for breach of copyright, trademark or license usage
      rights. Any such claims and any resulting litigation could subject us to
      significant liability for damages. An adverse determination in any litigation
      of
      this type could require us to design around a third party’s patent or to license
      alternative technology from another party. In addition, litigation is time
      consuming and expensive to defend and could result in the diversion of the
      time
      and attention of our management and employees. Any claims from third parties
      may
      also result in limitations on our ability to use the intellectual property
      subject to these claims.





**Our
      computer systems are subject to security risks, and breaches in our systems
      could adversely effect our business and financial condition.**





We
      currently maintain a site on the world wide web at www.myreadycard.com to
      promote and enhance our services and products. Like most computer systems,
      our
      systems are subject to the risks of computer viruses and unauthorized
      individuals (hackers) obtaining access to and inadvertently or purposefully
      damaging them. The Company believes the implemented security systems and
      virus-detection controls significantly reduce these risks. If those systems
      were
      nonetheless compromised, our customers may be unable to access the system.
      In
      addition, sensitive information regarding its customers that is maintained
      on
      its system may become publicly available. **** In such
      an event, we may be exposed to liability from customers, may lose customers
      and
      may suffer significant damage to our business reputation. Any of these events
      could have a materially adverse effect on our business and financial
      condition.





14


**Lack
      of system integrity or credit quality related to funds settlement could result
      in a financial loss.**





We
      settle
      funds on a daily basis. These payment activities rely upon the technology
      infrastructure that facilitates the verification of activity with counterparties
      and the facilitation of the payment. If the continuity of operations or
      integrity of processing were compromised this could result in a financial loss
      to us due to a failure in payment facilitation.





**The
      financial services industry is highly regulated and the Company may incur
      substantial costs and face unanticipated liabilities arising from changes in
      applicable regulations.**





The
      financial services industry in general is heavily regulated at the federal
      and
      state levels. This regulation is designed primarily to protect consumers,
      depositors and the banking system as a whole, not shareholders of the Company.
      Congress and state legislatures and federal and state regulatory agencies
      periodically review banking laws, regulations and policies for possible changes.
      Changes to statutes, regulations or regulatory policies, including changes
      in
      interpretation or implementation of statutes, regulations or policies, could
      affect the Company in substantial and unpredictable ways, including limiting
      the
      types of financial services and products the Company may offer, increasing
      the
      ability of non-banks to offer competing financial services and products and/or
      increasing our cost structures. Also, our failure to comply with laws,
      regulations or policies could result in sanctions and fines by regulatory
      agencies that are financially material and damaging to our
      reputation.





**Our
      officers and directors, together with certain affiliates, possess substantial
      voting power with respect to our common stock, which could adversely affect
      the
      market price of our common stock.**





As
      of May
      1, 2006, our officers and directors collectively possessed beneficial ownership
      of 2,700,000 shares of our common stock, which represents approximately 30.3%
      of
      our common stock. D. Bradly Olah possessed beneficial ownership of a total
      of
      1,825,000 shares of common stock, which represents approximately 20.5% of our
      common stock. When taken together, our directors, officers and significant
      shareholders have beneficial ownership of approximately 50.0% of our common
      stock. This represents a significant portion of the voting power of the
      Company’s shareholders. As a result, our directors and officers, together with
      significant shareholders, have the ability to significantly control our
      management and affairs through the election and removal of our entire board
      of
      directors, and all other matters requiring shareholder approval, including
      the
      future merger, consolidation or sale of all or substantially all of our assets.
      This concentrated control could discourage others from initiating any potential
      merger, takeover or other change-of-control transaction that may otherwise
      be
      beneficial to our shareholders. As a result, the return on an investment in
      our
      common stock through the market price of our common stock or ultimate sale
      of
      our business could be adversely affected.





**Our
      common stock trades only in an illiquid trading market.**





Trading
      of our common stock is conducted through the “pink sheets.” This has an adverse
      effect on the liquidity of our common stock, not only in terms of the number
      of
      shares that can be bought and sold at a given price, but also through delays
      in
      the timing of transactions and reduction in security analysts’ and the media’s
      coverage of our Company and its common stock. This may result in lower prices
      for our common stock than might otherwise be obtained and could also result
      in a
      larger spread between the bid and asked prices for our common
      stock.





**There
      is currently little trading volume in our common stock, which may make it
      difficult to sell shares of our common stock.**





In
      general, there has been very little trading activity in our common stock. The
      relatively small trading volume will likely make it difficult for our
      shareholders to sell their shares as and when they choose. Furthermore, small
      trading volumes generally depress market prices. As a result, you may not always
      be able to resell shares of our common stock publicly at the time and prices
      that you feel are fair or appropriate.





**Because
      it is a “penny stock,” you may have difficulty selling shares of our common
      stock.**





Our
      common stock is a “penny stock” and is therefore subject to the requirements of
      Rule 15g-9 under the Securities and Exchange Act of 1934. Under this rule,
      broker-dealers who sell penny stocks must provide purchasers of these stocks
      with a standardized risk- disclosure document prepared by the SEC. Under
      applicable regulations, our common stock will generally remain a “penny stock”
until, and for such time, as its per-share price is $5.00 or more (as determined
      in accordance with SEC regulations), or until we meet certain net asset or
      revenue thresholds. These thresholds include the possession of net tangible
      assets (i.e., total assets less intangible assets and liabilities) in excess
      of
      $2,000,000 in the event we have been operating for at least three years or
      $5,000,000 in the event we have been operating for fewer than three years,
      and
      the recognition of average revenues equal to at least $6,000,000 for each of
      the
      last three years. We do not anticipate meeting any of the foregoing thresholds
      in the foreseeable future.





15


The
      penny-stock rules severely limit the liquidity of securities in the secondary
      market, and many brokers choose not to participate in penny-stock transactions.
      As a result, there is generally less trading in penny stocks. If you become
      a
      holder of our common stock, you may not always be able to resell shares of
      our
      common stock publicly at the time and prices that you feel are fair or
      appropriate.





**We
      have no intention of paying dividends on our common stock.**





To
      date,
      we have not paid any cash dividends and do not anticipate the payment of cash
      dividends in the foreseeable future. Accordingly, the only return on an
      investment in shares of our common stock, if any, may occur upon a subsequent
      sale of such shares.








**Off-Balance
      Sheet Arrangements**





The
      Company has no off-balance sheet arrangements.








**Critical
      Accounting Estimates**





The
      Company’s critical accounting policies are those (i) having the most impact on
      the reporting of its financial condition and results, and (ii) requiring
      significant judgments and estimates. Due to the incipient nature of operations,
      the Company does not believe it has any critical policies or
      procedures.








**Forward-Looking
      Statements**





This
      Form
      10-QSB contains certain forward-looking statements within the meaning of Section
      27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
      Exchange Act of 1934, as amended. Statements made in this report which are
      not
      historical in nature, including but not limited to statements using the terms
      “may,” “expect to,” “believe,” “should,” “anticipate,” and other language
      employing a future aspect, are referred to as forward-looking statements, should
      be viewed as uncertain and should not be relied upon. Although our management
      believes that the results reflected in or suggested by these forward-looking
      statements are reasonable, all forward-looking statements involve risks and
      uncertainties and our actual future results may be materially different from
      the
      expectations expressed in such forward-looking statements. In particular, all
      statements included herein regarding activities, events or developments that
      the
      Company expect, believe or anticipate will or may occur in the future, including
      such things as future capital expenditures (including the amount and nature
      thereof), business strategy and measures to implement strategy, competitive
      strengths, goals, expansion and other such matters are forward-looking
      statements. The foregoing list is not exhaustive, and the Company disclaims
      any
      obligation to subsequently revise any forward-looking statements to reflect
      events or circumstances after the date of such statements.





Actual
      events may differ materially from those anticipated in the forward-looking
      statements. Important factors that may cause such a difference include those
      risk factors summarized above. For additional information regarding these and
      other factors, see our Annual Report on Form 10-KSB for the year ended December
      31, 2005.








16


**Item
      3. Controls and Procedures**





The
      Company carried out an evaluation, with the participation of our Chief Executive
      and Chief Financial Officers, of the effectiveness, as of March 31, 2006, of
      our
      disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
      of the Securities Exchange Act of 1934). Based upon that evaluation, made at
      the
      end of the period, our Chief Executive Officer and Chief Financial Officer
      concluded that our disclosure controls and procedures are effective to ensure
      that information required to be disclosed by us in reports that we file or
      submit under the Exchange Act is recorded, processed, summarized and reported
      within the time periods specified in the Securities and Exchange Commission
      rules and forms and such information is accumulated and communicated to
      management, including our Chief Executive Officer and Chief Financial Officer,
      as appropriate, to allow timely decisions regarding required disclosure, and
      that there has been no significant change in such internal controls, or other
      factors which could significantly affect such controls including any corrective
      actions with regard to significant deficiencies or material weaknesses, since
      our evaluation.








**PART
      II Other Information**








**Item
      6. Exhibits**





(a)
            Exhibits








31.1
            
            Rule 13a-14(a) Certification of Chief
              Executive Officer.31.2
            
            Rule 13a-14(a) Certification of Chief
              Financial Officer.32
            
            Section 1350
              Certification.











**SIGNATURES**





Pursuant
      to the registration requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.




READY
                CREDIT
                CORPORATIONDate: May
                15,
                2006
              By:
              /s/ Tim
                J.
                WalshTitle:
              President
                  and Chief Executive OfficerDate:
                  May 15, 2006
              By:
              /s/ Brian D. NieburTitle:
              Chief
                    Financial Officer
                  (Principal
                    Accounting Officer)






17