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How to Start Using Credit Cards the Right Way

The Benefits of Credit Cards

Credit cards can be a bit of a slippery slope. Many swear by them, while many others despise them. If you’re in serious credit card debt, stop here and immediately read 6 Take-Action Steps to Get Out of Credit Card Debt. The truth is if you’re a responsible adult, credit cards can actually be very useful for a few reasons:

All of those things are possible as long as you insert [the responsible use of] in front of the above sentences. Credit cards can be a great thing, but they can also be your worst enemy. Here are a few of the downfalls…

The Downfalls of Credit Cards

You could just as easily insert [the irresponsible use of] in front of those sentences. The bottom line is this: if you use credit cards responsibly, they can make your life better. If you use credit cards irresponsibly, they can make your life hell.

If you’re not sure whether you should be using credit cards or cash, read this.

How to Raise Your Credit Score

It’s important to keep a close watch on your credit, and to keep your credit card information safe. You should take the time each year to do a credit cleaning.

Identity theft is prevalent, so you need to know how to keep from being a victim. Here are 10 things you need to know about identity theft right now. One of the most common ways for people to steal your identity is to steal your wallet. Here’s a guide on what to do if your wallet is stolen.

There are all kinds of credit myths out there (here are 10 busted), but you need to know what’s correct and what’s not. For example, contrary to popular belief, cell phone companies don’t report to credit bureaus, and department stores cards aren’t going to help your credit. You’ve likely heard differently.

If you’re ready to improve your credit score, read this: How to Improve Your Credit Score (No Matter What it is Now)

Finally, learn about the different types of credit checks and use these 5 tricks for managing your credit. You also need to know what affects your credit score and what doesn’t. Here are some answers to a few common questions…

What Affects Your Credit Score?

The Tools We Use and Recommend

Most Recent Articles on Credit Cards

How to Clean Up Your Credit After an IVA

How to Clean Up Your Credit After an IVA

An IVA (Individual Voluntary Arrangement) is the route some people take after struggling to make repayments on a substantial amount of debt and requiring outside help.

How “Debt-Shaming” Can Prevent Debt Relief

How “Debt-Shaming” Can Prevent Debt Relief

Americans are in a lot of debt.

Between credit card debt, the rise of student loans, and the ever-in-flux real estate market, it’s harder and harder for people to live without some form of debt.

Exact figures are hard to come by, as credit card debt, also known as “revolving” debt and consumer debt, is measured separately from debt like student loans and mortgages.

That makes sense, as they are very different, but that separation often disappears when financial advice is given.

No Credit Card? No Problem!

No Credit Card? No Problem!

Few things strike fear into the heart of savvy consumers quite like the words “major purchase.” The phrase immediately fills their minds with images of unending payoff plans, piled-up interest, and hair-trigger late fees. It’s more than enough to scare some people away from buying things that they really need.

Of course, much of this concern is rooted in the incorrect assumption that every major purchase has to go on a credit card. The fact is that there are lots of ways to cover the cost. Here’s a quick list of ideas to keep the major purchase from being a major pain:

How to Choose a Credit Counselor If You Need One

How to Choose a Credit Counselor If You Need One

Living under the burden of debts is not exactly the life any individual wishes for. Day in and day out you have to toil hard and meet your ends as well as get out of debt. This kind of life can invite severe repercussions financially, physically as well as psychologically. So it is imperative that you might consider a credit counseling firm. In this article, we shall be illustrating the basic definition and purpose of credit counseling as well as put light on the process itself.