Open That Mail

If you are like most Americans, you receive offers each and every week in your mailbox (and inbox for your email) that offers you a lower rate, late rate balance transfer, or you get your credit card statement in the mail. Not reading this "junk" mail may make it more difficult to eliminate your credit card debt. Don't resist the urge to throw it all away, you may want to read it and keep it. Here is why:

* The credit card company that you currently have may have made a change to your original terms and conditions. Normally, when dealing with contracts, parties have to go back to court o have the conditions modified. Not so with credit card companies. Changes rarely work in your favor. Believe me.
* Your due date may be changed. Rather that your credit card being due on the 15th of the month as you are used to, but now it is due on the 13th. If you are like most, you may not notice and you will be stuck with a late fee, which is pure profit for the credit card company.
* Another card may offer a no-fee, no-interest period in which to transfer your accounts. This may be a useful tool in negotiating with your current card carrier for a lower rate. Just ask!
* The rate may be changing from a fixed to a variable from a fixed. Variable rates are able to be changed at the discretion of the credit card company, and whom do you think it will favor? If you said "me", you are WRONG!!

Although it can be somewhat time consuming to check your mail, it may be beneficial. Keep up the good work, and you can free yourself of credit card debt.

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