"It costs them a couple 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. "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]. balancetransfercreditcard 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 balancetransfercreditcard it. Even folks who dread confrontations ought to be able to handle that. You balancetransfercreditcard only need to be assertive for a matter of seconds.

So, why are you so popular? For starters, the teen population is growing. There are 32 million kids between the ages of 12 and 19 -- about 11 percent of the population balancetransfercreditcard -- according to Teen Research Unlimited of Last year, you and your friends spent on average about balancetransfercreditcard $104 per person of your own green each week, according to Teen Research''s balancetransfercreditcard 2001 survey of more than 2,000 respondents from around the country. credit account companies put two and two together and figured they can make money from you -- so you''re worth the risk. Several items from this past week are worth noting. At first glance, each may appear completely distinct from the others. But taken together, a clear signal to indebted consumers can be seen.

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