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How to Use Your Credit Cards the Right Way

Learn how to use your credit cards wisely and prevent exorbitant charges. You may even save money doing so! <br><br>For more credit card tips visit http://www.newhorizon.org/credit-info/

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How to Use Your Credit Cards the Right Way

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  1. How To Use Your Credit Cards The Right Way

  2. Credit Cards If you seem lost and confused in the world of credit cards, you are not alone. They have become so mainstream. Such a part of our daily lives, and yet so many people are still confused about the best ways to use them, how they affect your credit in the future, and even what the credit card companies are and are not allowed to do. This article will attempt to help you wade through all the information.

  3. Don’t Open Too Many Credit Card Accounts A single person only needs two or three in his or her name, in order to get a good credit established. More credit cards than this could actually do more damage than good to your score. Also, having multiple accounts is harder to keep track of and harder to remember to pay on time.

  4. Close Accounts Not Used In The Past 6 Months If you have any credit cards that you have not used in the past six months, then it would probably be a good idea to close out those accounts. If a thief gets his hands on them, you may not notice for a while because you are not likely to go looking at the balance of those credit cards and they may rack up some exorbitant costs. TIP: How to close credit card without damaging your credit score

  5. Manage Your Statements Online Learn how to manage your bad credit credit card online. Most credit card companies now have online resources where you can oversee your daily credit actions. These resources give you more power than you have ever had before over your credit, including, knowing very quickly, whether your identity has been compromised.

  6. Save Your Statements Make sure you save your statements. Before you file them away, pay close attention to what is on them as well. If you see a charge that shouldn't be on there, dispute the charge. All credit card companies procedures in place to assist you with fraudulent charges that may occur. have dispute TIP: How to dispute charge offs from your credit report

  7. Don’t Treat Your Credit Card Like An ATM To avoid interest charges, don't treat your credit card as you would an ATM card. Don't get in the habit of charging every single item that you buy. Doing so will only pile on charges to your bill, you may get an unpleasant surprise when you receive that monthly credit card bill. TIP: Reasons why credit card cash advances are NOT good.

  8. Pay On Time Make sure that you make your payments on time when you have a credit card. The extra fees are where the credit card companies get you. It is very important to make sure you pay on time to avoid those costly fees. This will also reflect positively on your credit report.

  9. Join Our Community! New Horizon Business Services, Inc. NewHorizon.Org NewHorizon.Org

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