Creditable Creditworthy News
Editor: Sweety Patel
Credit? As in extra credit??
When taking out loans you want to make sure that the interest is very low because over time the money you owe can end up increasing by a lot.
There are numerous different banks that offer different types of credit cards.
Credit score can affect whether or not you get to buy a house or a car. So it's best to do what you can to keep your credit score high so in the future you won't be denied a purchase.
Credit Card Tips
Don't remember at the last minute that your payment is due the next day, be in control of the schedule. Even if you do fall behind on payments make sure you are familiar with the interest rates and that you will be able to afford them.
2. Don't go over the limit
Although some of the banks don't have an over the limit fee it is going to be very hard repaying that month's bill when you subtract all the other expenses from your paycheck.
3. When shopping for credit cards, make sure to look around for a low interest rate
Everyone plans on only buying what they have to with the credit card and paying all the payments on time, but life happens and you might have missed a payment between too many business trips or meetings. Always be ready for emergencies.
4. Only buy what you need.
Even though you are spending just couple of dollars here and there, they can add up after a while. You might not be able to repay the couple of dollars that you spent here and there.
5. Don't think of the credit card as your money.
When you spend with the credit card you are buying on borrowed money, you aren't actually buying with your own money. Keep that in mind before you absolutely need to get something next time your out shopping.