Excerpts from the new book, "LEGAL CONSUMER TIPS AND SECRETS -- Avoiding Debtors' Prison in the United States", Chapter 9, by Attorney Charles Jerome Ware, former Special Counsel to the Chairman of the Federal Trade Commission.
1. Do not rely solely on “minimal payments” or small monthly payments on your credit cards to improve or even maintain your credit rating.
2. Be wary or cautious about rolling your debt balance or credit card balance over to an introductory rate credit card.
3. Never assume your interest rates are constant or the same.
4. Be wary or cautious of debt settlement scams and schemes.
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