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According to a recent article written by and that was reprinted in a publication many firms, including those that aggressively advertise on TV, charge excessive fees and get bonuses from credit account companies for every client referral. Such firms may be legally structured as nonprofits by taking advantage of legal loopholes but their business practices are highly suspect. Large amounts of money collected from their services end up in the pockets of their americanexpressgoldcard executives. Executive compensation includes salaries, bonuses, and real-estate deals. A reputable credit counseling service should not depend on fees for more than 60% to 80% of its income and should also rely on grants and americanexpressgoldcard charitable americanexpressgoldcard donations. It should charge a maximum of $25 in monthly client fees. Finally, a reputable service will also provide free counseling and may have up to half of its clients enrolled in counseling alone (instead of being enrolled in a debt repayment plan).

"It costs them a couple americanexpressgoldcard hundred bucks to acquire a new customer and it''s not so easy anymore," says author of What Every credit account User Needs to Know. And thanks to Alan Greenspan, issuers can afford to make rate cuts for their customers. The Federal Reserve cut interest rates 11 times in 2001, making it much cheaper for issuers to borrow the money they lend to customers. americanexpressgoldcard "They can afford to give consumers a break," "And they''ll do it to keep your business." And while it''s not quite a matter of ask and ye shall receive a lower credit account rate, it''s pretty darn close. All the consumers who participated in the PIRG survey were given the following sample script. Hi, my name is [Your Name]. I am a good customer, but I have received several offers in the mail from other account companies with lower APRs. I want a lower rate on my card, or I will cancel my card and switch companies. And that''s it. Even folks who dread confrontations ought to be able to handle that. You only need to be assertive for a matter of seconds.

Our ratings could save you literally hundreds americanexpressgoldcard of dollars in credit account interest charges (finance charges) in just months. For example, a card that has an annual percentage americanexpressgoldcard rate (APR) of 7.0% could save you hundreds of dollars in finance charges when compared with a card that has a rate of 19.0%! Or, if you pay off your credit account(s) every month, there is a "virtual gold mine" of credit account rebates and rewards that you can "lay claim to" just by using certain accounts to make everyday purchases. For example, you can earn free airline tickets, free gas, and even cash (free money). It is not uncommon for cardholders to receive hundreds of dollars in cash and/or free airline tickets during any given year! Similarly, many small business cardholders receive thousands of dollars in rebates each year. Many cards featured on our site offer secure online applications. Online applications are safe, fast (amazingly, some cards offer 30 second online approval), an



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