Your Credit Card -- An Asset or a Disaster? 

In today's world, it is almost impossible to function financially without a credit card.  A credit card offers many conveniences, but can also present an invitation to financial disaster.

FACTS:

• Credit card spending is the hardest to control because you do not need the funds to immediately pay for your purchase.  
• Credit card balances carry the highest interest rate of all debt types.
• Credit card companies make most of their money from your finance charges.
• Unpaid credit card balances are reported each month to the credit bureaus and damage your credit rating.  

Turn Your Credit Card into An Asset 

You can enjoy the benefits of credit cards, and avoid the pitfalls, by following these simple steps.

Control credit card spending:  Charge only the amount each month that you can pay when the bill arrives. Set your own spending limit.  It's a good idea to keep a written list of your charges to insure you don't overuse your card(s) during any given month.  If your finances are in trouble, use special care in buying only what you really need, and resist impulse buying.  

Check your card charges:   Make sure that all charges are valid.  If in doubt, call the credit card company to question the charge, and follow their rules to register any disputes.  See related article in our Reference Library on the subject of the Fair Credit Reporting Act.  

Pay credit card bill in full and on time:  When the credit card bills arrive, pay the full amount due on time.   This practice builds good credit and keeps more money in your pocket instead of going to the credit card company in the form of finance charges.

Even if you have existing credit card debt, start using this strategy NOW to get back on track and improve your credit rating. 

Over Your Head with Credit Card Debt?

Reduce your monthly payments with a ParkAveCredit.com.  For information on Personal Loans, Click Here.  For information on Debt Repair, Click Here.

Shopping for a Credit Card?

ParkAveCredit.com can assist you in securing a credit card, even if you have no credit or bad credit:  Click Here.  See our Reference Library for a checklist of features to help make the best decisions when shopping for a Credit Card.