Thursday, June 26, 2008

Credit card debts: Causes and Prevention



Many people are using credit cards nowadays because it is very convenience. By using credit cards, we are no need to carry cash around especially when need to buy things that expensive. Using credit cards is very common in this community. But many people do not know how to use it efficiently and at last cause many credit cards debts. Most of the people are very optimistic that they can afford the debts when they have to pay the bill. People will use credit cards when they need money, but most of them do not have a budget for their credit cards. Thus, this will lead to over use of money. At last cause many debts around them.

Thus, we have to take some action to prevent. Debts with smaller amount can be paid first. This will give us a satisfaction that you have settled an amount of debts. Besides, we can pay double for the minimum amount and it just enough to cover the interest and a little more that pay down the balance. Paying extra will pay your balance more quickly. We also have to aware of the money using. Set a budget for your own and use the credit cards efficiently. Do not use it when there is no necessary. Be on time in paying the bill, do not let the interest of the debts be a burden of yourself.

Better to have a financing control, it will lead you to have an easy life.

2 comments:

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