Tips on Avoiding Bad Credit Cards And Prevent Becoming a Debt Slave
There is no such thing as a good credit card.
It is just up to you how to recreate this bad credit and turn it into something that can be beneficial to you.
So here are some of the things that would help you take advantage of the good things that could offer rather than becoming another debt slave for the following years.
1.
Know the credit limit that you can really take - Of course you must first consider the amount of money that you make monthly.
Your income and the expenses of your family should be your priority.
Therefore, if your compensation is not big enough, then get a credit card that would only allow you to spend enough.
Through this, you would avoid the urge of using the card from time to time.
Thus, becoming a prisoner of the credit card interests.
2.
Determine the time when you could get your salary.
Many companies are now offering their clients the option to choose their monthly due date for their payment.
This is to ensure that they would still have enough money to pay for the monthly card bill.
3.
Do not apply for unsecured credit card unless you no longer have any other option.
More often than not, these types of bad credit have high interest rates while giving you only a very small credit limit.
4.
For those who have bad credit history, try to fix your credit rating before applying for a new one.
This would help you increase your chances of getting companies that offer low interest rates and more payment options.
5.
As much as possible, pay on time to avoid unnecessary fees such as late payment fee, penalties, and interest charges that most companies put on their client's shoulders.
It is just up to you how to recreate this bad credit and turn it into something that can be beneficial to you.
So here are some of the things that would help you take advantage of the good things that could offer rather than becoming another debt slave for the following years.
1.
Know the credit limit that you can really take - Of course you must first consider the amount of money that you make monthly.
Your income and the expenses of your family should be your priority.
Therefore, if your compensation is not big enough, then get a credit card that would only allow you to spend enough.
Through this, you would avoid the urge of using the card from time to time.
Thus, becoming a prisoner of the credit card interests.
2.
Determine the time when you could get your salary.
Many companies are now offering their clients the option to choose their monthly due date for their payment.
This is to ensure that they would still have enough money to pay for the monthly card bill.
3.
Do not apply for unsecured credit card unless you no longer have any other option.
More often than not, these types of bad credit have high interest rates while giving you only a very small credit limit.
4.
For those who have bad credit history, try to fix your credit rating before applying for a new one.
This would help you increase your chances of getting companies that offer low interest rates and more payment options.
5.
As much as possible, pay on time to avoid unnecessary fees such as late payment fee, penalties, and interest charges that most companies put on their client's shoulders.