Tips on How to Use Your Credit Cards Properly

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Top tips on how to use your credit cards
responsibly
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Credit Cards

• Credit cards have become a popular commodity
  these days due to its convenience. You can buy
  things with it without risking bringing any cash.
  However, if you are a first-time credit card
  owner, its so easy to get carried away with its
  use. That is why we have come up with some great
  tips on how to use it responsibly and be on your
  way to a brighter financial future!

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Building Your Credit
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PAy on time

• One of the premise of using a credit card for bad
  credit is to build your personal credit history
  to show creditors or lenders that you are
  responsible enough to make payments of your
  purchases on time.

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INcrease your credit limit

• Usually credit card companies automatically
  increase your limit after 6 months. However, if
  this isnt the case, call your credit card
  company to negotiate an increase. This could help
  you when you take out loans because lenders have
  a baseline (comparable credit) with which to
  compare the amount you are able to pay monthly.

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PAY in full

• Credit card debt is the primary reason for filing
  bankruptcy and in order to prevent this, it is
  highly advisable to pay your credit card bill in
  full so your debt doesnt incur exorbitant
  interest fees. Moreover, it increases your credit
  score because it shows low credit utilization
  especially if it is less than 35 of your credit
  limit.

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Create A Budget

• Factor in your credit usage when you are making a
  budget so that you already have allotted money to
  pay for your credit card bill and build up on
  your savings.

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UNderstand the card act

• According to the Credit Card Accountability
  Responsibility and Disclosure Act of 2009, credit
  card companies are mandated to give you an
  advance 45-day notice before any changes to your
  credit card is made to put an end to unfair
  practices. Know your rights so you can protect
  yourself.

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Join our Facebook group! Feel free to ask your
questions within the group!
Do you have questions about rebuilding your
credit?
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