If you want to stay financially fit, there are some things you need to avoid at any cost. Find out in this article the top don'ts for credit card management. Keep reading for more information!
If you want to stay financially fit, there are some things you need to avoid at any cost. Find out in this article the top don'ts for credit card management. Keep reading for more information!
Dealing with credit card debt may be easier than you think. Planning and perseverance are key, as is knowing how your debt factors into your overall financial health.
Here is a tops list you need to know if you want to have healthy finances:
1- Pay the bare minimum
Paying the minimum may make your debt seem more manageable in the short term, but the less you pay now, the longer it takes to pay off, and the more you pay
in interest.
2- Make late payments
Late payments can hurt your credit score. Plus, missing payments can lead to fees and penalties and may even raise your interest rate.
3- Ignore the terms
Pay attention to rate increases and other conditions of your card agreement so you’re not surprised by interest rate changes or fees.
4- Shop till you drop
Maxing out your card may cause your interest rates to increase and affect your credit.