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 Associated Liquidating Portfolios Citibank

Other Names:	U.S. Service Center, CitiBank Inquiries
Physical Address:	78245-9004 100 Citibank Drive, Sa P.O. Box 769004 San Antonio, Texas
Phone #:	(310) 205-3002
Email:
Their Cut (Fair Share):	Electronic Payments -> ? Paper Check -> ?
Late Fees Charges:	n/a
Interest Rate Charged:	10%
Fresh Status:	Fresh Status achieved after 3 months of regular on time payments.
Minimum Payment Accepted:	Debtor must pay 2% of the balance or $20, whichever is higher.
Account #'s:	The account #'s consist of 16 digits beginning with 6011535.
New Policies, Notes:	- The firm moved all its accounts from Hurley State Bank to CitiBank Group in December 2001. - The APR has been reduced to 10% in effect from 20th August, 2003. - APR has been reduced to 12% for debt consolidation proposals received between 17th February, 2000 and 20th August, 2003. - Any proposals received before 17th February, 2000 will have an APR of 8%

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.