wning a credit card can be This will help you determine
quite an advantage. Whether whether you can make additional
making online purchases, purchases. Even small purchases
booking an air ticket or a hotel can really add up to big balances
room on the phone or simply being and substantial interest charges.
in need of some emergency cash,
having a credit card can be a big
help. However, getting a credit 3.Any credit card receipts should
card is also a huge be kept until you can compare
responsibility and if you don't them to your monthly statement.
keep an eye on your spending If you find any purchases you did
habits, credit cards can create not make, or higher charges than
some serious problems. Here is an those on the receipt, contact
excellent list of tips on proper your credit card company
credit card use and if you follow immediately.
these, you will likely stay out
of trouble and your credit card 4. Never give out your credit
will be a blessing instead of a card to anyone! This includes
curse: people in your family and any of
your friends. It is not that you
1. When you make a purchase with cannot trust these individuals,
the credit card, it is akin to but you cannot track purchases
taking a loan from your bank. you are not even making.
What you have borrowed has to be
returned - so do not borrow 5. Never charge more than you can
beyond your capacity to pay it repay. When you do, you can hurt
back. your future chances of getting
any kind of credit, including car
2. Always be aware of your loans, home mortgages and other
outstanding credit card balances. forms of loans.
amount in your budget and try not
6. Pay your credit card bills on to purchase more than that
time or even before they are due. amount.
Doing so will not only help
improve your credit scores, but 8. Use your credit cards for new
also help avoid additional costs purchases only. Too many people
associated with late payment use one credit card to pay
charges and accrued interest. another credit card bill and that
always leads to more spending and
7.Try to pay all your credit card higher balances.
bills in full each and every
month. Have payments of a certain
About the Author:
Connie Gutchrif is the President of FN Credit, LLC - An excellent resource for information on credit. To learn more, be sure to visit: http://www.fncredit.com
Source: www.isnare.com
