USING CREDIT WISELY
using credit the right way ;)
What is the difference between a credit card and a debit card?
3 ways you can develop a positive credit history!!!
2. PAY BILLS ON TIME!!!!!!!!!!!!
3. Apply for credit that you need! Ex: Car loans, house loans, student loans
5 websites that can help you with managing your money!
Wesabe.com---also allows users to track where their money is going by uploading account information and reveals how their spending habits compare with others on the site
Geezeo.com---offers its money management tools through banks and credit unions
Yodlee.com---also works with financial institutions to reach customers interested in online money management
Pennyminder--- is ideal for families with multiple spenders because it allows users to see other family members' spending and jointly manage a household budget
3 advantages and disadvantages of credit!!!
ADVANTAGES: Building a Credit Line - Having a good credit history is often important, not only when applying for credit cards, but also when applying for things such as loans, rental applications, or even some jobs.
Emergencies - Credit cards can also be useful in times of emergency. While you should avoid spending outside your budget
Purchase Power and Ease of Purchase - Credit cards can make it easier to buy things. If you don't like to carry large amounts of cash with you or if a company doesn't accept cash purchases
DISADVANTAGES: Blowing Your Budget - The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have.
High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month. This is how they make their money and this is how most people in the United States get into debt.
Credit Card Fraud - Like cash, sometimes credit cards can be stolen. They may be physically stolen (if you lose your wallet) or someone may steal your credit card number (from a receipt, over the phone, or from a Web site) and use your card to rack up debts.
Annual Percentage Rates and why theyre important to know when applying for a credit card
Credit card APR---15%
Free credit report
If you find an error on your credit report you should immediately contact the credit bureau and notify them of the error because this can affect your credit score in a bad way.
CREDIT COUNSELING AGENCY
Apprisen contact info--- 800-355-2227