Continuing on the theme from yesterday, it cannot be stressed enough that you need to read the mail that comes to you. Yes, you are busy. Yes, there seems to be a lot of it, especially when you start to be behind in your payments on your credit cards. Even if you aren't behind...
...Read Your Mail!!
Why? Credit card companies are just money-hungry entities that have one purpose: Separate you from your hard-earned money. Do they care that they have cut back on hours at your job? NO! Do they care that with rising fees and interest rates on the credit cards that you struggle with paying some of your bills? NO! Do they care that you are thinking of skipping meals just to have enough money to put gas in your car to get you to your job that is, in effective, paying you less to do more? NO!!
Often, the mail that you particularly want to notice are the ones that have "Important Information About Your Account" on the envelope. What it usually contains is information that the base interest rate of your credit card is going up for all future purchases. They are required to notify you in writing. I can recall one credit card that I had in the past that was a fixed rate and was going to change to a variable rate that as a percentage above the prime interest rate. It was going to cost me more money. At the time, I had a little bit of money, and I angrily wrote them a letter and paid off the card. And I don't believe for a minute that they had any bad feelings about it. Just be sure to read your mail so you will know what your rights may be.
Have a GREAT day!
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