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September 16, 2006
Credit Card Offer Flood Gates Open
Does it seem to you that the credit card companies have you targeted?
They do! At least once a week you likely get a few credit card applications flooding your mail box (and email box) offering 0% APR and fabulous rewards programs with bonus "sign-up now" points.
So, what are you to do? Get lured into another credit card? Place temptation in your wallet? Go further into the debt trap?
It is hard to ignore some of the offers I have to admit but it is usually wise to shread the applications and I mean shread them. I mention this because there are people that have tested this, ripping up the application and then taping it back together. Then proceeded to fill out the application with false information just to see if they would receive the card. And...they did! Even with a false name, wrong address and telephone number (they used a relatives address to have the card sent to)
OK, getting back on track now. Take those offers and shread the living you know what out of them to protect yourself against fraud. Unless....The offer truly will benefit you and then your best move is to transfer your existing balance to the new card and cancel the old account. Just a little advice to help keep you from the debt trap you might set for yourself by having too much available credit.
For most people, ignoring these offers completely will serve you well!
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