Credit And Debit Cards
Positive Credit History
How can you maintain a positive credit history? Paying on time, not overcharging your balance, and paying more than the minimum each month will help prevent you from creating a negative credit history.
Managing Your Money
With zero cost, mint helps manage your earning, spending, and other budgets.
This app helps you create a budget plan depending on your cash and spending flow.
This app guides you through decisions on money; thinking long term.
Advantages and Disadvantages
Some of the advantages of using credit are the convenience, instant cash and low cost loans. Some disadvantages are high cost fees, interest , and the possibility of overcharging your card.
APR ( Annual Percentage Rate )
The amount of interest on your total loan amount that you pay each year is known as apr. It is important to know when using credit because it helps you compare other interest rates to different loans. It is a calculation from the cost of your loan over a full period of time including the cost from the interest rate.
Free Credit Report
Your credit report contains information about the way you handle debt. It has all information about the amount of debt you have accumulated and how often you pay your bills; making it important to know. You can order a free credit report once every 12 months from each of the major credit bureaus ( TransUnion, Equifax, and Experian). If you find errors, you should let you bank agency know and they can fix the problem for you.
What to do with Financial Difficulties
Talking to your lender will be more beneficial than deciding to skip your payment. Although your having troubles, your lender and you can make out a budget plan that is beneficial to the both of you.
For Example, the National Foundation for Credit Counseling (NFCC) or the Association of Independent Consumer Credit Counseling Agencies (AICCCA), would be able to help in time of need.