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Tips on How to Build Your Credit Score Using Credit Cards

Manage your finances with these great credit card tips and build your credit score at the same time.

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Tips on How to Build Your Credit Score Using Credit Cards

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  1. Tips on How To Build Your Credit Score Using Credit Cards

  2. All About Credit Cards Credit cards can be a great help in your life for helping your manage your finances. Not only are they good for building good they also can give you a backup plan, in case of times where you incur unintended financial burdens. credit, but

  3. Tips on How To Build Your Credit Score Using Credit Cards

  4. Consider Applying for a Prepaid Debit Card If you have poor credit and want to repair it, consider a prepaid debit card. This type of credit card can usually be found at your local bank. You can only use the money that you have loaded onto the card, but it is used as a real credit card, with payments and statements. Make sure that this debit card reports your transactions to credit bureaus.

  5. Consider Getting a Secured Credit Card A secured credit card will require you to open a savings account before a card is issued. If you ever default on a payment, the money from that account will be used to pay off the card and any late fees. This is a good way to begin establishing credit so that you have opportunities better cards in the future. to get

  6. Use Your Credit Card Consistently You do not have to use your credit card frequently, but you should at least be using it once a month. While the goal is to keep the balance low, it only helps your credit report if you keep the balance low, while using it consistently at the same time.

  7. Keep an Eye on Your Credit Card Mail While some might be junk mail offering to sell you additional services, or products, some mail is important. Credit card companies must send a mail if they are changing the terms on your credit card. Sometimes a change in terms can cost you money. Make sure to read mailings carefully, so you always understand the terms that are governing your credit card use.

  8. Ask for Better Interest Rates To lower your interest payments, do not hesitate to phone your credit companies and ask for better interest rates. If you have a strong credit rating and have always made payments on time, an improved interest rate might be yours for the asking. You may be able to save money on your interest rates picking up the phone and calling your creditors. just by

  9. Contact Your Credit Card Company When you are unable to pay off one of your credit cards, then the best policy is to contact the company. Letting it just go to credit collections is bad for your credit score. You will find that most companies will let you pay it off in smaller amounts, as long as you don't keep avoiding them. credit card

  10. Do Not Use a Credit Card to Pay Off Another Do not use one credit card to pay off the amount owed on another until you check and see which one has the lowest rate. While this is never considered the best thing to do financially, occasionally do this to make sure you are not risking getting further into debt. you can

  11. Resources For more credit tips please visit our blog on http://www.newhorizon.org/credit-info/

  12. Join our Community! New Horizon Business Services, Inc. NewHorizon.Org NewHorizon.Org

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