Step One

Check your mail and open it- Be sure to open each statement or communication you receive from your credit card companies. They're sending new information in your statements, plus sending other pieces of information about changes to your credit card agreements.

Step Two

Read your statement and look for changes— Credit card statements will look a little different and now provide consumers with more information relating to their debt. Be sure to read the fine print so you understand how your credit might have changed. For example, your interest rate, payment date and how your payments are applied to your debt may have changed and new fees might have been added.

Step Three

Review how long it will take you to pay off your debt— The new rules make sure that you know how long it will take you to pay off your debt if you're only making the minimum payment. Be sure you understand just how much your debt is costing you in interest over time.

Step Four

Make positive credit changes— Set a plan to reduce the amount of debt you have - Summit is here to help you with that!