Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles

Debt Management - Handling your First Credit Card

Good credit is a part of your life that needs to be maintained and worked on. When you turn eighteen there will be a lot of mail for you from all sorts of credit companies making you offers you can hardly refuse. They will call you on your phone and spam your mailbox. Even though some offers may be very tempting, reading the small print is an absolute must to protect yourself from making the worst deal possible.

To handle these offers you need to open all of them and read all of the information carefully and with a critical eye. It is important to understand all of the information which is included in the offer. They can make promises on low interest rates, but when you read the small print it will often come up that it only counts for the first couple of months or comes with ridiculous conditions. To help you on deciding which offer to take on and which to include in your garbage, here are a couple of simple tips.

As mentioned before, the small print often clarifies the offer and reveals the pitfalls in it - like ridiculous fees for .... well, nothing actually or interest boosts after a few months. In order to protect yourself from any dark surprises, this is something you really need to take the time to investigate. Before you decide to seal the deal and fill out the application, you really have to take a look at all different offers.

Interest Rates: Look for stable interest rates and not for the lowest interest and highest limit. It is better to pay some interest from the start and having that rate to be consistent rather than paying 0% at first and then have the rates boost the roof of your house. Deciding on the limit: You have to take on a limit which is not over the top and doesn’t tempt you to max it all out. Choose a limit that is set for an emergency.

When you have made your decision on which card you will apply for, it is important to rule out any future offers or mailings, just to protect yourself from taking on another card. Besides, for every offer you get, your credit is being checked which has a negative influence on your credit report. You can sign up at various sites where you can register that you don’t want to be approached for any offers regarding credit or you can register that you want to be asked if your credit can be checked.

When you get a credit card for the first time it will definately burn a hole in your wallet if you are not careful. You may have a feeling of a gift of free money being given to you. Immediately set the rules for yourself to avoid getting yourself into trouble. Pay your balance every month in full and on time. Avoid paying minimums as much as you can, should it occur at one point, then make sure you pay it off as soon as possible.

Credit cards can be a very good emergency support on which you can rely in time of absolute financial need, but if you are not very careful in handling it, you can find yourself in a lot of trouble which can last a lot years and will be very difficult to wash off.

Post has no comments.
Post a Comment

Captcha Image

buying a house family budget utility payments debt problems budgeting legal action management tips medical bill debt management mistakes bad debt management negotiation good budget bad debt discounts great budget ideas credit score extra money loan agents purchases financial security Consolidation Company credit scores spend money repayment plans child support internet common debt traps monthly payment unexpected expenses debt consolidation medical debt loans flat broke payment frequency worksheet mortgage payments mortgages medical bills credit card companies phone calls doctors illness government assistance income budget ideas invest money loan budget pay off bill account charges saving money credit companies extra payments savings account borrower children saving less money lose your job saving specific budget categories debt free good credit record account fees restrict spending emergency savings account overcharging take control of debt handling money credit report negotiate help with debt implement a budget family assistance lending company common debt classify bills prioritizing social services salary professional debt payment period asset info job loss assets high interest rate car loan cancer software chapter 7 checking account piling debts credit card traps ill health unsecured loan honesty good credit rating loan companies security live your life expenses save money need money debt settlement bankruptcy become free losing a job stop harassment unreasonable expectations losing your job consumer lawyer understanding home equity home equity loans monthly payments rent payments credit history credit company budget sheet building debts child spending overspending education taking responsibility payday loan credit reports rebuild good credit debt relief agency tax info seperate accounts receipt bank accounts pay off debt own money debt collectors get out of debt loan amount credit cards borrowing short sale management advice borrow money debt paycheck info interest rate debt solution second job school jobs back support charitable organisation live within means monthly budget loss of income credit card tracking money liability reduce debts account interest home equity down payment interest payments more income filing bankruptcy payday loan companies paying bills installment plans allowance candidate introductory offers good credit injury repay loans cash debt company investing domestic support groceries Chapter 13 comfortable living spending low interest debt collection agency payment behavior younger children personal finances check card debt programs help credit line checks trusted friends debt consolidation repay credit repair bills learning experience bad financial decisions debt management advice credit rating cable bill credit lending companies purchase protection initial research hobbies whole family debit card savings credit checks credit card help managing debt order report children budget ongoing bills hospital paycheck control spending management program debt relief debt management overbearing bills credit card company interest court appearance understanding interest rates regain control cash card debt management tips new job finances house loan deals in writing credit limit credit card debt insurance visualization child support debt financial education careful handling secured loan insurances budget categories making payments debt consolidation loans gambling debts gambling problem creditors full details deb consolidation debts original creditor credit accounts teaching children finance sickness monthly bill great budget part time job household items telephone bills home debts good debt debt collector help unemployed fly-by-night personal finance bank modified payment plan total balance credit bureaus loan harassment money your rights paying out debt debt traps installment plan past bad debt

Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs