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 First Bank

Other Names:	First Bank N.A
Physical Address:	46100 Washington St. at Highway 111 73000 Highway 111 at Monterey. 42035 Washington St. at 42nd Ave.
Phone #:	800-964-3444
Fax #:
Their Cut (Fair Share):	Electronic Payments -> 4% Paper Check -> ?
Late Fees Charges:	n/a
Interest Rate Charged:	12.9%
Fresh Status:	Fresh Status achieved after 3 months of regular on time payments.
Minimum Payment Accepted:	Debtor must pay 4% of the balance or $15, whichever is higher.
Account #'s:	16 digit Account #'s ranging from 404522, 453217, 477721, 514024, 542477 and 547059.
New Policies, Notes:	- Company does not contribute to fair share if payments are made via paper check. - Company waves over the limit fees and late payment fees. - APR is reduced to 12.9% for debt consolidation proposals accepted after Jan 1st, 2004. - APR is reduced to 9.99% for debt consolidation proposals accepted after Jan 1st, 2002. - APR is reduced to 0% for debt consolidation proposals accepted before Jan 1st, 2002.

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.