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 June 30, 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
              of
                incorporation or organization)
            (IRS
                Employer
              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: 9,447,164 shares of common stock outstanding
      as  of
      August
      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


The
      Three
      and Six Months Ended June 30, 2006








Table
      of
      Contents





Page
                No.PART
                I
            Financial
                Information
            2Item
                1.
            Financial
                StatementsConsolidated
                Balance Sheets at June 30, 2006 (unaudited) andDecember
                31, 2005 (audited)
            2Consolidated
                Statements of Operations for the three and six months endedJune
                30, 2006 and 2005 and for the period from inceptionto
                June 30, 2006 (unaudited)
            3Consolidated
                Statements of Cash Flows for the six months ended June 30, 2006and
                2005 and for the period from inception to June 30, 2006
                (unaudited)
            4Notes
                to Consolidated Financial Statements
            5Item
                2.
            Management’s
                Discussion and Analysis or Plan of Operation
            10Item
                3.
            Controls
                and Procedures
            17PART
                II
            Other
                Information
            17Item
                2.
            Unregistered
                Sales of Equity Securities
            17Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            18Item
                6.
            Exhibits
            18SIGNATURES
            
            18











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


**Ready
      Credit Corporation and Subsidiary**


**(A
      Development Stage Company)**


**Consolidated
      Balance Sheets**





At
              June
                30, 2006
            
            
            At
              December
                31, 2005Unaudited
            
            
            Audited*ASSETS*CURRENT
                ASSETS:Cash
            
            $
            232,080
            
            $
            189,437Prepaid
                expenses
            
            
            17,971
            
            
            15,937*Total
                current assets*
            
            
            250,051
            
            
            205,374Equipment,
                net
            
            
            339,553
            
            
            11,044Deposit
                on long-lived assets
            
            
            -
            
            
            111,000*Total**assets*
            
            $
            589,604
            
            $
            327,418


*LIABILITIES
                AND**STOCKHOLDERS’
                DEFICIT*CURRENT
                LIABILITIES:Accounts
                payable
            
            $
            218,596
            
            $
            154,724Accrued
                expenses
            
            
            48,550
            
            
            95,561Notes
                payable
            
            
            125,000
            
            
            250,000*Total
                current liabilities*
            
            
            392,146
            
            
            500,285STOCKHOLDERS’
                EQUITY (DEFICIT):Common
                stock, par value $.001 per share:Authorized
                shares--50,000,000Issued
                and outstanding shares:
              9,372,164
                and 8,225,000 at June 30, 2006 and
              December
                31, 2005, respectively
            
            
            9,372
            
            
            8,225Additional
                paid-in capital
            
            
            1,916,381
            
            
            672,889Deficit
                accumulated during development stage
            
            
            (1,728,295
            )
            
            (853,981
            )*Total**stockholders’
                equity (deficit)*
            
            
            197,458
            
            
            (172,867
            )*Total
                liabilities and**stockholders’
                equity (deficit)*
            
            $
            589,604
            
            $
            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
              June
                30,
            For
                the Six Months Ended
              June
                30,
            Inception
                through
              June
                30,2006
            
            
            2005
            
            
            2006
            
            
            2005
            
            
            2006OPERATING
                EXPENSES:General
                and administrative
            
            $
            294,998
            
            $
            316,129
            
            
            600,221
            
            $
            355,387
            
            $
            1,450,641Sales
                and marketing
            
            
            152,777
            
            
            -
            
            
            263,511
            
            
            -
            
            
            263,511*Total
                Operating Expenses:*
            
            
            447,775
            
            
            316,129
            
            
            863,732
            
            
            355,387
            
            
            1,714,152Operating
                loss
            
            
            (447,775
            )
            
            (316,129
            )
            
            (863,732
            )
            
            (355,387
            )
            
            (1,714,152
            )OTHER
                INCOME (EXPENSE):Interest
                expense
            
            
            (4,417
            )
            
            -
            
            
            (10,582
            )
            
            -
            
            
            (14,143
            )*Net
                Loss:*
            
            $
            (452,192
            )
            $
            (316,129
            )
            
            (874,314
            )
            $
            (355,387
            )
            $
            (1,728,295
            )NET
                LOSS PER COMMON SHARE:Basic
                and diluted
            
            $
            (0.05
            )
            $
            (0.04
            )
            $
            (0.10
            )
            $
            (0.05
            )
            $
            (0.25
            )WEIGHTED-AVERAGE
                NUMBER OF SHARES OUTSTANDING:Basic
                and diluted
            
            
            9,080,885
            
            
            8,323,077
            
            
            8,742,461
            
            
            6,861,326
            
            
            6,888,614




*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 Six Months Ended June 30,
            
            Inception
                through
              June
                30,2006
            
            
            2005
            
            
            2006**Operating
                activities**Net
                loss
            
            $
            (874,314
            )
            $
            (355,387
            )
            $
            (1,728,295
            )Adjustments
                to reconcile net loss to net cash used in operating
                activities:Depreciation
                and amortization
            
            
            39,059
            
            
            399
            
            
            41,451Stock
                option expense
            
            
            98,582
            
            
            -
            
            
            98,582Common
                stock issued for distribution contract
            
            
            -
            
            
            10,000
            
            
            10,000Common
                stock issued for services
            
            
            -
            
            
            5,000
            
            
            5,000Changes
                in operating assets and liabilities:Prepaid
                expenses
            
            
            (2,034
            )
            
            (26,541
            )
            
            (17,971
            )Accounts
                payable
            
            
            63,872
            
            
            41,073
            
            
            218,596Accrued
                expenses
            
            
            (40,847
            )
            
            21,865
            
            
            54,714*Net
                cash used in operating activities:*
            
            
            (715,682
            )
            
            (303,591
            )
            
            (1,317,923
            )**Investing
                activities**Purchasesof
                equipment
            
            
            (256,568
            )
            
            (11,820
            )
            
            (270,004
            )Deposit
                on equipment
            
            
            -
            
            
            -
            
            
            (111,000
            )*Net
                cash used in investing activities:*
            
            
            (256,568
            )
            
            (11,820
            )
            
            (381,004
            )**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
            
            
            1,014,893
            
            
            -
            
            
            1,135,663Cancellation
                of common shares
            
            
            -
            
            
            -
            
            
            (5,000
            )Proceeds
                from loan payable - related party
            
            
            -
            
            
            -
            
            
            1,000Payments
                on loan payable - related party
            
            
            -
            
            
            (1,000
            )
            
            (1,000
            )Proceeds
                from notes payable
            
            
            -
            
            
            -
            
            
            250,000*Net**cash
                provided by financing activities:*
            
            
            1,014,893
            
            
            549,344
            
            
            1,931,007Increase
                in cash and cash equivalents
            
            
            42,643
            
            
            233,933
            
            
            232,080Cash
                and cash equivalents at beginning ofperiod
            
            
            189,437
            
            
            1,000
            
            
            -*Cash
                at end of**period:*
            
            $
            232,080
            
            $
            234,933
            
            $
            232,080Noncash
                reclass of deposit on long-lived assets to equipment
            
            $
            111,000
            
            $
            -
            
            $
            111,000Conversion
                of notes payable and accrued interest into common stock and
                warrants
            
            $
            131,164
            
            $
            -
            
            $
            131,164





*See
      accompanying notes to consolidated financial statements.*




4




Ready
      Credit Corporation. and Subsidiary


Notes
      to
      Consolidated Financial Statements


June
      30,
      2006 and 2005


(unaudited)








**Note
      1. Business Description.**





The
      Company provides debit cards through convenient, easy to use self-service
      kiosks. Prepaid 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
      immediately 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.





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 and six months ended June 30, 2006, the year
      ended December 31, 2005 and for the period from October 1, 2004 (inception)
      to
      June 30, 2006, and had an accumulated deficit at June 30, 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 and six months ended June 30,
      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 $26,145 and $101,574 for the three and six months ended
      June 30, 2006, respectively, and $308,920 for the period from October 1, 2004
      (inception) to June 30, 2006, respectively. There were no research and
      development expenses for the three and six months ended June 30,
      2005.





*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 and six months ended June 30, 2006 and 2005, and the period from October
      1, 2004 (inception) to June 30, 2006.





6


For
      the
      three and six months ended June 30, 2006 and for the period from inception
      through March 31, 2006, 1,130,000 shares attributable to outstanding stock
      options and 1,272,164 for 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 June 30,
      2006, 1,130,000 stock options were 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 $51,052 ($0.01 per share) and $98,582 ($0.01 per share) in the three
      and six months ended June 30, 2006, respectively, related to the amortization
      of
      the unvested portion of these options as of January 1, 2006 and vested options
      through June 30, 2006. The amortization of each option grant will continue
      over
      the remainder of the vesting period of each option grant. Currently, 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 $116,192 and
      estimates the impact on earnings in future years to be approximately
      $581,000.





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




Three
                Months Ended June 30,
            
            
            Six
                Months Ended June 30,
            
            
            Inception
                Through
              June
                30,2006
            
            
            2005
            
            
            2006
            
            
            2005
            
            
            2006Risk
                Free interest rate
            
            
            4.94
            %
            
            N/A
            
            
            4.62
            %
            
            N/A
            
            
            4.18
            %Expected
                life
            
            
            5.0
                years
            
            
            N/A
            
            
            5.0
                years
            
            
            N/A
            
            
            4.25
            yearsExpected
                volatility
            
            
            127
            %
            
            N/A
            
            
            114
            %
            
            N/A
            
            
            94
            %Expected
                dividends
            
            
            0
            %
            
            N/A
            
            
            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 June 30, 2006 and 2005, the Company recorded interest expense
      of $4,417 and $0, respectively, and for the six months ended June 30, 2006
      and
      2005 and the period from October 1, 2004 (inception) to March 31, 2006, the
      Company recorded interest expense of $10,582, $0 and $14,143, respectively.
      $7,979 of interest expense was accrued at June 30, 2006.





The
      due
      date of one of the promissory notes had been extended to June 15, 2006, but
      was
      still outstanding on June 30, 2006. 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 consists 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. As of June 30, 2006, the Company had sold
      1,272,164 units. 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 (or deemed to be offered and sold, in the case of underlying shares
      of
      common stock) 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. The
      disclosure about the private placemet contained in this report does not
      constitute an offer to sell or a solicitation of an offer to buy any securities
      of the Company, and is made only as required under applicable law and related
      reporting requirements, and as permitted under Rule 135c under the Securities
      Act.




8




**Note
      6. Stock Options and Warrants**





At
      June
      30, 2006 and December 31, 2005, the Company had 1,272,164 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 and in July 2006, the Company’s shareholders approved the adoption
      of the 2005 Stock Option Plan. 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. As of June 30, 2006, the Company
      had
      granted options for 1,130,000 shares of common stock, with exercise prices
      ranging from $1.01 to $1.40, 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 $27,769 and $15,143 for rent and consulting
      services during the three months ended June 30, 2006 and 2005, respectively,
      and
      $53,706, $27,898 and $118,186 for rent and consulting services for the six
      months ended June 30, 2006 and 2005 and for the period from October 1, 2004
      (inception) to June 30, 2006, respetively. 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. Processing Agreement**





On
      June
      14, 2006, the Company entered into a Processing Only Master Client Agreement
      (the “Agreement”) with RBS Lynk Incorporated, a Georgia corporation. The
      Agreement is effective as of March 29, 2006. RBS Lynk is a certified card
      processor with the Card Associations, and provides host-based services for
      stored-value and prepaid card-issuing programs. Under the Agreement, RBS Lynk
      will provide card-processing services to the Company through the Company’s
      sponsor bank, Palm Desert National Bank, N.A. In exchange for the services,
      the
      Agreement requires the Company to pay RBS Lynk certain fees, including initial
      set-up fees, training and data-conversion fees, and per-transaction fees. In
      this regard, the Agreement provides, after an initial “ramp-up” period, a
      minimum monthly per-transaction revenue guarantee to RBS Lynk.





The
      Agreement has an initial term of two years which will renew for successive
      one-year periods unless a party notifies the other of its desire to terminate
      at
      least 90 days prior to the next-scheduled termination date. The Company may,
      however, terminate the Agreement earlier by paying RBS Lynk a termination fee,
      which fee decreases as the Agreement matures. The Agreement also contains other
      customary early-termination provisions, representations, warranties and
      covenants.





9





**Note
      9. Subsequent Event**





In
      July
      2006, the Company sold an additional 75,000 units 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.





**General**





The
      Company has begun providing prepaid debit cards through convenient, easy to
      use
      self-service kiosks. Prepaid debit 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 immediately 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 August 17, 2005, the
      Company changed its name to Ready Credit Corporation as permitted under Nevada
      law.





10





**Plan
      of Operation and Results of Operations**





**The
      Three** **and Six Months Ended June 30, 2006 Compared to the Three and Six Months Ended
      June 30, 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 June 30, 2006 and 2005
      were $294,998 and $316,129, respectively. General and administrative expenses
      for the six months ended June 30, 2006 and 2005 were $600,221 and $355,387,
      respectively. General and administrative expense for the three months ended
      June
      30, 2005 includes $205,768 of expense related to the merger. The increase in
      non-merger related general and administrative expenses for the three and six
      months ended June 30, 2006 as compared with the three and six months ended
      June
      30, 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 depreciation expense.





*Sales
      and Marketing Expenses* .
      Sales
      and marketing expenses for the three months ended June 30, 2006 and 2005 were
      $152,777 and $0, respectively. Sales and marketing expenses for the six months
      ended June 30, 2006 and 2005 were $263,511 and $0, respectively. The increase
      in
      sales and marketing expenses for the three and six months ended June 30, 2006
      as
      compared with the three and six months ended June 30, 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.





*Net
      Loss* .
      The
      Company incurred a net loss of $452,192 and $316,129 for the three months ended
      June 30, 2006 and 2005, respectively. The Company incurred a net loss of
      $874,314 and $355,387 for the six months ended June 30, 2006 and 2005,
      respectively. The increase in the net losses for the three and six months ended
      June 30, 2006 as compared with the three and six months ended June 30, 2005
      was
      primarily the result of the Company commencing operations in the prepaid debit
      card business which in turn resulted in salary expense, stock option expense,
      consulting fees, website development and depreciation expense during 2006.





*Liquidity
      and Capital Resources* .
      The
      Company had a working capital deficit of $142,095 and cash of $232,080 at June
      30, 2006. Cash used in operations was $715,682 for the six months ended June
      30,
      2006. For the six months ended June 30, 2006, the primary uses of cash were
      to
      fund the Company’s net loss and a decrease in accrued expenses 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. Cash used in operations
      was $303,591 for the six months ended June 30, 2005, primarily to fund the
      Company’s net loss and due to an increase in prepaid expenses. These uses were
      partially offset by increases in accounts payable and accrued expenses and
      by
      non-cash charges related to common stock issued for a distribution contract
      and
      services.





Cash
      used
      in investing activities was $256,568 and $11,820 for the six months ended June
      30, 2006 and 2005, respectively. For the six months ended June 30, 2006 and
      2005, the Company used cash for capital expenditures.





Cash
      provided by financing activities was $ 1,014,893
      and $549,344 for the six months ended June 30, 2006 and 2005, respectively.
      For
      the six months ended June 30, 2006 proceeds from the private placement sale
      of
      1,147,164 shares of the Company’s common stock and warrants to purchase an
      additional 1,147,164 shares of the Company’s common stock at a purchase price of
      $1.50, net of issuance costs, provided the cash from financing activities.
      Neither the securities offered and sold in the private placement, nor the shares
      of common stock underlying any such securities, have been registered under
      the
      Securities Act and therefore may not be offered or sold in the United States
      absent registration or an applicable exemption from registration requirements.
      The disclosure about the private placement contained in this report does not
      constitute an offer to sell or a solicitation of an offer to buy any securities
      of the Company, and is made only as required under applicable law, and as
      permitted under Rule 135c under the Securities Act.





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.





11


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 August
      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, have
      only recently begun generating operating revenue and have 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.





**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 August
      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.





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





We
      have
      had net losses for the three and six months ended June 30, 2006, the year ended
      December 31, 2005, and for the period from October 1, 2004 (inception) to June
      30, 2006, and we had an accumulated deficit as of June 30, 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.





12





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





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 kiosks (and
      card-delivery services), 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 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 kiosks; but instead intend to retain contract manufacturers. These
      manufacturers may not be able to supply our kiosks 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 kiosks could result in
      our
      inability to satisfy customer demand. Disruptions in the delivery of our kiosks,
      even for short periods, may have a materially adverse effect on our business
      and
      results of operations.





**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 profit margins. In addition, the
      identification of new financial services 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.





13


**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.





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




14


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.





**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
      July 20, 2006, our officers and directors collectively possessed beneficial
      ownership of 2,883,333 shares of our common stock, which represents
      approximately 29.6% of our common stock. D. Bradly Olah possessed beneficial
      ownership of a total of 1,825,000 shares of common stock, which represents
      approximately 19.1% of our common stock. When taken together, our directors,
      officers and significant shareholders have beneficial ownership of approximately
      48.7% 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.





15


**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.





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.




16




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.








**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 June 30, 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
      2. Unregistered Sales of Equity Securities**





During
      the three months ended June 30, 2006, the Company issued an aggregate of
      1,097,164 shares of common stock, together with five-year warrants to purchase
      an equivalent number of shares of common stock at a per-share price of $1.50.
      The Company received gross proceeds of $1,097,164 from these sales of
      unregistered securities. The Company relied on Sections 4(2), including but
      not
      limited to Regulation 506 thereunder, and 4(6) for purposes of claiming an
      exemption under the Securities Act of 1933, based primarily on the fact that
      that (i) there have been fewer than 20 investors, all of whom, either alone
      or
      through a purchaser representative, had knowledge and experience in financial
      and business matters such that each was capable of evaluating the risks of
      the
      investment, and (ii) the Company has obtained subscription agreements from
      the
      investors indicating that they are accredited investors and purchasing for
      investment only. A portion of the proceeds from these sales was received prior
      to April 1, 2006, but all securities issued in exchange therefor were issued
      during the period covered by this report.





The
      securities sold in these issuances were not registered under the Securities
      Act
      and therefore may not be offered or sold in the United States absent
      registration or an applicable exemption from registration requirements. The
      disclosure about the private placement and related agreements contained in
      this
      report does not constitute an offer to sell or a solicitation of an offer to
      buy
      any securities of the Company, and is made only as required under applicable
      rules for filing current reports with the SEC, and as would be permitted by
      Rule
      135c under the Securities Act.





17







**Item
      4. Submission of Matters to a Vote of Security Holders**





At
      the
      annual meeting of shareholders held on July 13, 2006, the following proposals
      were adopted by the votes indicated:





1.
      Elect
      a Board of Directors to hold office until the next annual meeting of
      shareholders and until their successors are elected and qualified.




Number
                of SharesFor
            WithheldThomas
                H. Healey
            4,913,042
            74,473Timothy
                J. Walsh
            4,962,183
            25,332Ronald
                E. Eibensteiner
            4,913,042
            74,473Brian
                D. Niebur
            4,913,042
            74,473





2.
      Approve the Company’s 2005 Stock Option Plan.





Number
                of Shares Voted
            Broker
                Non-votesVoted
                For
            Voted
                Against
            Abstain4,413,145
            74,873
            100,177
            399,320








**Item
      6. Exhibits**





(a)  Exhibits





10.1
            Processing
                Only Master Client Agreement by and between the Registrant and RBS
                Lynk
                Incorporated dated March 29, 2006. 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.


**(Certain
      terms related to pricing indicated by ** in Exhibit 10.1 have been omitted
      and
      filed separately with the Securities and Exchange Commission pursuant to a
      request for confidential treatment under Rule 24b-2 of the Securities Exchange
      Act of 1934.)**







**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:
                August 11, 2006
            By:
            /s/
                Tim J.
                WalshTitle:
            President
                and Chief Executive OfficerDate:
                August 11, 2006
            By:
            /s/
                Brian D.
                NieburTitle:
            Chief
                Financial Officer(Principal
                Accounting Officer)





18