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Take Control To Avoid Credit Card Trouble

Nick Makaryk
Jun 4, 2008
Although it may be overstated, there is a lot of truth to people ruining their credit score due to missing payments and paying their credit card bills late. The fees can pile up and the interest rates can grow before you know it, and after a while you won't even be able to pay the minimum amount of payment. If you don't do something fast - it could be the beginning of the end.

The best thing to do is take control right away. Even though it may not be easy and circumstance may try to prevent it, you should make sure you never miss a payment and your payments always arrive on time, before or on the due date. The following tips will provide you with guidance on making your credit card payments on time, every time.

Not paying your bills results in late fees, penalties, and interest rate hikes that just won't help. It's vital to pay the minimum every time, and more if you can manage it. While paying the minimum means you'll accrue more interest, it's a lot better than not paying at all.

When you can not pay the full bill, always pay the minimum amount. Later, you can add to the minimum payment by sending an additional payment.

An easy way to do this, always have your minimum payment amount ready set aside. Try to look ahead at times to pay a higher amount than just the minimum balance. By paying the minimum amount, you'll ensure yourself that no other fees will be added to your next credit card bill.

Talk to your credit card company and find out if they offer a "skip a payment" option. Some companies provide this kind of security net once a year. It lets you skip one payment when problems come up, but it's only available once per year. Because you can only skip one payment, make sure you only use this option when you absolutely need to. Pay attention to costs - this kind of service isn't normally free. Make sure you need to use it before you apply for a waiver.

Credit cards make our lives easier and safer for the most part. It prevents us from having to carry cash with us and helps us when we do not have cash on us. However, many people choose to use their credit cards for items, even when they know they will not be able to afford the payments. Once the bill arrives, they find they regret their decision, but still do not have the ability to make the payment.

The best way to avoid this situation is by using your credit cards with care. Avoid making purchases that you know you can't pay off. Consider every purchase, thinking carefully about whether or not you'll be able to pay off the bill when it gets there. Do this, and you'll be sure to keep your credit score in great condition. You'll be in good standing with the credit bureaus, and you'll be able to borrow more in the future.
About the Author
Nick Makaryk is an Internet Publisher, Copywriter, and Owner of Best Credit Cards . A Free consumer credit card comparison online web site helps you find the Best Credit Card while avoiding higher interest rates, charges, and fees.
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