Attention all credit card holders (Important Information) NEED TO KNOW
It is up to you to receive the information. I will debate credit any day to any one, however I am not here to prove a point. I am giving you knowledge to help you. Many of us pray and ask God to bless us and yet we don't know a blessing when we see one..
With that said, if you are a credit card holder with Carnival Seamiles, Juniper, or Barclays. This information is for you. If you are not and have received something similar in the mail by another company, you might want to take HEED.
The companies that make money and get rich off consumers are figuring out ways to do it, even in times of crisis. I recently received another letter from the company above regarding the CHANGE in terms of my account. This may or may not have had anything to do with the current behavior of my account..
However, when you get information/disclosures in the mail READ the information. Companies must send it to you by law. I have a similar blog about this you may want to read that as well.
I won't explain this in percent form because many people may not understand. My form of writing is a simplified version due to the nature and how important it is. Here goes...
If you are being charge 40.00 a month for a card and the company writes you and inform you that the card will now be 100.00 a month.. What are you going to do? Are you going to pay them the 40.00 or 100.00? Another other words, your interest rate could be 10% and jumps to 29%.
The letter states that I have the option to accept the higher amount(so they can make money off me) or close the account.. I have chosen to close it... Just think about it for minute.. If everyone decided to close their account in one day. That company would go out of business. Consumers are not standing together. Instead, fighting against each other, just as some families do.
NOW there is a catch and you will find this in my book. YOU ARE NOT SUPPOSED TO CLOSE CREDIT CARDS.. the reason is because you will loose points on that card.. When you know the game of credit you can reposition your self. Just as I am about to do. I am going to close the account because it is costing me way to much money.. the card is bad for me and will cost me.
On the flip side, I am going to get my points back from another lender....YOU win some and loose some. GET IN THE GAME...
Now Read INNOCENT VICTIMS of credit and get educated and play the game..
Author of Innocent Victims...Join my fan club and stay in the loop..
With that said, if you are a credit card holder with Carnival Seamiles, Juniper, or Barclays. This information is for you. If you are not and have received something similar in the mail by another company, you might want to take HEED.
The companies that make money and get rich off consumers are figuring out ways to do it, even in times of crisis. I recently received another letter from the company above regarding the CHANGE in terms of my account. This may or may not have had anything to do with the current behavior of my account..
However, when you get information/disclosures in the mail READ the information. Companies must send it to you by law. I have a similar blog about this you may want to read that as well.
I won't explain this in percent form because many people may not understand. My form of writing is a simplified version due to the nature and how important it is. Here goes...
If you are being charge 40.00 a month for a card and the company writes you and inform you that the card will now be 100.00 a month.. What are you going to do? Are you going to pay them the 40.00 or 100.00? Another other words, your interest rate could be 10% and jumps to 29%.
The letter states that I have the option to accept the higher amount(so they can make money off me) or close the account.. I have chosen to close it... Just think about it for minute.. If everyone decided to close their account in one day. That company would go out of business. Consumers are not standing together. Instead, fighting against each other, just as some families do.
NOW there is a catch and you will find this in my book. YOU ARE NOT SUPPOSED TO CLOSE CREDIT CARDS.. the reason is because you will loose points on that card.. When you know the game of credit you can reposition your self. Just as I am about to do. I am going to close the account because it is costing me way to much money.. the card is bad for me and will cost me.
On the flip side, I am going to get my points back from another lender....YOU win some and loose some. GET IN THE GAME...
Now Read INNOCENT VICTIMS of credit and get educated and play the game..
Author of Innocent Victims...Join my fan club and stay in the loop..
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