1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will identify you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair Isaac).

2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% - 30%!

3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have at least 2 credit cards and 14% of them have 10 or more credit cards.

Debt consolidation Policies of Art Van - HRS USA

Other Names:	Vans
Physical Address:	2701 Ming Ave # 216 Bakersfield, California (CA) 93304
Phone #:	(661) 832-9310
Email:
Their Cut (Fair Share):	Electronic Payments -> ? Paper Check -> ?
Late Fees Charges:	n/a
Interest Rate Charged:	9%
Fresh Status:	Fresh Status achieved after 3 months of regular on time payments.
Minimum Payment Accepted:	Debtor must pay 2.25% of the balance or $10, whichever is higher.
Account #'s:	The account #'s of the firm consist of 12 digits beginning with 491, 14 digits beginning with 400, 421, 422, 423, 424 and 429 and 15 digits beginning with 400, 491, 499, 987 and 988.
New Policies, Notes:	- The 2.25% of the balance or $10, whichever is higher rule was introduced in January 1st, 2004. - Before January 1st, 2004, the rule was 2% of the balance or $10, whichever was higher. - Annual Percentage Rate (APR) was set to 6% after April 1st, 2000. Before that date, the APR was 6%

Other Names: This is the other names that the debt consolidation firm possesses. You can use these other names to check Better Business Bureau (BBB) records of the firm.
Physical Address: This is the physical location of the debt consolidation firm. If the field is blank, please help us by providing us with the address of the firm.
Phone #: You can reach the debt consolidation firm at this phone #.
Their Cut (Fair Share): The debt consolidation firm will negotiate your debts with other creditors. In this, they will also take their "cut" or "fair share." For example, if your monthly payment is $400, the debt consolidation firm will deduct an automatic 10% of this ($40) and pass on the $360 to the creditors to whom you owe debts.
Late Fees Charges: This is the charges they put against any late payments you make while on your debt consolidation program.
Interest Rate Charged: This is the reduced interest rate you will be paying to your creditors whilst under the debt consolidation program.
Fresh Status: If you pay your bills regularly every month, the creditors might give your account a fresh status and re age your accounts.
Minimum Payment Accepted: This is the minimum monthly payments you must make to your creditors whilst under the debt consolidation program.
Account #'s: This is the pattern with which your creditors assign Account numbers. This will help you in locating any of your creditors.
New Policies, Notes: This shows any new policies being implemented by your creditors that will affect your debt consolidation program.