Using Credit Wisely
By: Austin Striblen
Responsibilities to Yourself
- As a credit user, you have a responsibility to yourself to use wisely and not get into debt beyond an amount you can comfortably repay.
- You are also responsible for checking out business before making credit purchases.
- You owe it to yourself to comparison shop.
- Comparison shop credit as well.
Creditors Responsibilities to You
- Assisting consumers in making wise purchases by honestly representing goods and services, including all rules and regulations
- Informing consumers about all rules and regulations, interest rates, credit policies, and fees.
- Cooperating with established credit reporting agencies, making credit records available to the consumers, and promptly fixing mistakes in records when they occur.
- Using reasonable methods of contracting customers who fail to meet their obligations and assisting them whenever possible with payment schedules and other means for solving credit problems.
Protecting your Accounts Online
- Deal only with companies that you know and trust.
- When making an online transaction, always make sure the website is secure.
- Phishing is a scam that uses online pop-up messages or e-mail to deceive you into buying their product.