You're probably thinking, "huh? Why would opening mail have anything to do with my mortgage problems?"
Studies show that over 90% of Americans don't have a systematic way of dealing with their mail - yet it comes every day!
One missed letter can cost you several thousand dollars!!!
Don't believe it?
Think about the reasons people suffer from: payment delinquency, mortgage default and delays in making their mortgage payments? Of course, most people in financial trouble with bad credit also suffer from severe procrastination when opening their mail.
from...moneycentral.msn.com/content/Banking/Yourcreditrating/P56621.asp
A late payment on one account could cost you higher rates and fees on all your accounts -- from your credit cards to your auto insurance. More and more companies are peeking at credit reports regularly to justify raising interest rates or increasing credit limits.
Some of the biggest credit-card companies have started aggressively penalizing customers who show signs of trouble anywhere in their credit reports. If a company likes what it sees in a customer's credit report, a cardholder might be rewarded with a thicker credit line. But one black mark from any creditor could trigger a rate hike.
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