Making Mistakes with Credit Cards Durham NC

Struggling to meet spending commitments? While taking out a credit card could be an effective means of tackling money management problems, borrowers in Durham should ensure that they do not fall into the trap of getting themselves into an untenable financial position.

Consumer Credit Counseling
(919) 688-3381
315 E Chapel Hill St
Durham, NC
 
Credit Financial Services
(919) 683-2412
100 W Morgan St
Durham, NC
 
Agbetunsin Olubayo O
(919) 680-4039
100 E Parrish St
Durham, NC
 
Orcutt John T Law Offices
(919) 286-1695
1738 Hillandale RD
Durham, NC
 
Durham Upc
(919) 220-5177
2000 Avondale DR
Durham, NC
 
Alex Charns Atty At Law
(919) 956-7564
123 Orange St
Durham, NC
 
Child Support Enforcement
(919) 560-8900
220 E Main St
Durham, NC
 
World Wide Collections Inc
(919) 620-9990
3215 Guess Rd
Durham, NC
 
Anderson William A Atty
(919) 490-0500
4011 University Dr
Durham, NC
 
Professional Recovery Consultants Inc
(919) 489-7791
2700 Meridian Pkwy
Durham, NC
 

Making Mistakes with Credit Cards

Provided By:

Don't make credit card mistakes

Author: Sam Gooch

Struggling to meet spending commitments? While taking out a credit card could be an effective means of tackling money management problems, borrowers should ensure that they do not fall into the trap of getting themselves into an untenable financial position.

In a Money-AU.com article, Sharat urges people not to make one of the several common mistakes when it comes to credit cards. One of these, "which is something that nearly everyone does", is purchasing unnecessary items on plastic.

This, the Money-AU.com writer states, can be avoided by taking the time to regularly examine credit card statements, something which could allow them to recognise what expenditure is wasteful.

Meanwhile, those looking for an effective means of keeping on to top of credit card expenditure may also wish to search for a product offers an interest free period on purchases.

Furthermore, borrowers are urged to ensure they are getting the most competitive deal possible.

Stating that the majority of people are too lazy to scour the market for a credit card coming with a good rate interest deal, the article states consumers should be particularly wary of rates provided on unsolicited credit card offers.

Those that have had money management problems in the past however were advised that they are unlikely to be able to obtain the most competitive rates or terms.

In addition, people need to make sure that they make repayments on their card on time, not only so that they avoid facing a fine from their card issuer but also they avoid incurring damage to their financial report, something that could impact upon their ability to access credit later on in life.

An earlier Money-AU.com article stated that while a 0% balance transfer deal can be an effective way of shift debts, borrowers should ensure they do not use the credit card for any purpose other than repaying what they owe.

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Article Source: http://www.articlesbase.com/credit-articles/dont-make-credit-card-mistakes-953343.html