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Top Ten Credit Wise Tips
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Here are the TOP TEN things you need to know to be Credit Wise:
10. Before you move, notify the card issuer – in writing – of your new address.
9. A poor credit history can hurt your chances of getting an apartment, a car loan, and in some cases can even affect your chances of getting a new job.
Trouble paying? Seek assistance before debt gets out of hand.
8. Fees are charged if you pay late and/or charge above your credit limit.
7. Know your credit card interest rate, statement due date and credit limit.
6. Interest charges are added when your bill is not paid in full.
5. Pay more than the minimum due or pay off the balance entirely.
4. Simple rule: if you can't afford it, don't charge it.
3. Pay your bill on time, every month.
2. Create a budget so you'll know what you can afford.
1. Did you know… that it can take 8 years or more to pay back a credit card balance of $1,000 when you make ONLY the Minimum Payment each month? It's true. |
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