Lifesytle, Knowledge and Fun

Using Credit cards responsibly

20 Apr, 2008  Knowledge

if you buy something from the store which have merchant account, you can pay with your credit cards. But if you cannot pay the monthly bill, you will get low credit score. why we have to notice the credit score? because your credit score determine your card limit. And in several credit card provider, you wont get credit cards if your score is too low or poor.

If you wanna have good credit score, there is no secret, just lieghten your belts, avoid unnecessary expenses. Bank and or lenders has change their Credit qualifying criteria to recoup their cardholders bad debts. This cause very low interest rate if you have good credit score. Everyday, some company try various way to avoid huge losses, such as increasing dramatically credit cards interest rate, so their cardholders moy not use it everyday.

Credit card may help you, if you’re using it responsibly. If you are not, credit cards will make your problem even worst.