subject: Credit Cards: How to Avoid Problems [print this page] Credit Cards: How to Avoid Problems Credit Cards: How to Avoid Problems
There is really a good deal of accuracy in the statement: "credit cards are not a fill-in for cash". Keep these tips in mind each time you use your credit card to pay.
Credit Card Do's - Credit Card Advice
Try to pay off your credit cards monthly. Interest rates on cards are really expensive. If you pay off your cards each month, you avoid shelling out hefty interest rates.
Always plan in advance for the purchases that you need and those that you want. Needs like electricity, food and housing go first on the list, with wants a distant second. The potential to decide on a difference could assist you in planning for household expenditures more wisely.
Talk to your credit issuer if you are having problems with making payments. They can change up your payments. If you decide to and default, that only helps to build a a negative credit history and you might find yourself being refused credit next time and have to pay higher interest rates.
Unless it is an emergency, staying within your credit limits will help your fico score a good deal. If you must spend over the credit limit, make sure you are within manageable levels, say within 30 percent of your credit limit.
If you are noticing more deals than you can afford on your current limit, you can request higher credit lines and/or decreased interest rates. Credit card issuers wish to retain you as a customer, so they will take note.
Don'ts - Credit Card Advice
Don't use your card to buy things for revolving household purchases. Purchasing these items on credit becomes highly pricey in the long term.
Don't just stop at shelling out minimum payments. If you do this, you will end up paying outrageous interest. Make sure you pay off the debt as fast as you can.
Lastly about credit card advice , it bears repeating to stay away from using the card to buy things you can't afford.
