Avoiding Debt and its Consequences
Credit cards are convenient to use and may seem safer than using cash for a transaction. They allow you to use what you need, when you need it. Unfortunately, incidental and impulse purchases may cause you to rack up a large bill that you might not be able to pay back all at once. A situation like this can do major damage to your credit file, and correcting negative information can end up costing you time and money. Instead of worrying after receiving your bill, follow the tips below to maintain your credit card usage:
– Only carry one card or a few cards you expect to use to avoid overspending, theft, or potential loss.
– Set a budget when shopping or using your cards, and make sure you stick to it.
– Never provide your credit card information over the phone unless you know the person or company that you are giving it to.
– Never leave blank spaces on a charge slip or receipt. Draw a line through it so the amount cannot be changed.
– Never lend your card to anyone.
– Always report credit cards that are lost or stolen. Make sure you have the report in writing, so send a letter to the card issuer if you reported the lost or stolen card over the phone.
If you owe, you need to know! For more information on credit related questions, you can find us on the web at www.getcredithealthy.com, email us at email@example.com
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