|
Credit Card Use And Your Future |
|
|
When using credit cards, it's better to not use them so much so you can pay off the monthly balance each month. If you don't have the cash to make your purchase(s) with, either wait till you do, or reconsider the purchase to begin with.
A maxed out credit card that you only pay the monthly balance, rather than paying the monthly balance and some extra, will leave you with a card that never gets payed off. This will hurt your credit rating. So the next time you need a new car or new house, this debt will go against you. What you're doing now with credit cards, might harm what your future holds in store for you.
By T.H.
|
|
|
|
|
|
|
 |
|
RE: Credit Card Use And Your Future
|
Post By Ellie (Guest Post)
(04/16/2005)
|
|
When I charge anything on my credit card, I always enter it in my checkbook and deduct the amount just as if it were a check. I am always aware of my balance and when the credit card bill comes, I can pay it off knowing it has already been deducted! This way, I can always pay it off entirely every month. Keeps me from charging too much!
RE: Credit Card Use And Your Future
|
Post By Kathleen (Guest Post)
(04/11/2005)
|
|
I think you need to clarify a bit. By monthly balance I'm thinking you must mean the minimum payment on the balance. If you pay the monthly balance--meaning the entire balance each month--then it will enhance your credit and accrue no interest. But the key is paying everything off each month.
|
|
|
|
| Login using the form on the top of the page to post feedback if you have registered with ThriftyFun. If you have not yet registered, click here. It's FREE!. If you are not registered you can post feedback as a guest below. Please don't use your email address for your name because spam robots can dredge it from our site. Please do not post your feedback more than ONCE. We need to approve all guest feedback and it may take from minutes to hours for that to happen. |
 |
|
|
|
|
|
|
