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Using credit wisely may help stave off credit card debt

On Behalf of | Nov 14, 2014 | Credit Card Debt, Firm News

Many people have credit cards these days. However, whenever a person has a problem staying on top of payments or otherwise managing those credit cards, he or she may find that credit cards can quickly become a whole new problem about which to worry. There are ways to use credit cards and keep the possibility of credit card debt at bay for all Florida residents concerned with avoiding debt.

One way to ensure that credit cards are used wisely is to think about the time of the month that purchases are made. By purchasing items close to the closing date of the credit card statement, there is less time to pay the amount in full. Paying off the amount charged in full every month keeps interest payments from becoming an issue and causing financial concern.

One tip for managing credit card use is to call and ask for fees to be waived when appropriate. Credit card companies want to keep customers happy and keep them from shopping around for better deals. If fees are charged, calling to have them waived is something they are typically able to do and willing to do in many cases. This can save a credit card holder a significant amount of money and help keep balances from getting out of control.

Credit card debt can often be scary for consumers. It can also be confusing and difficult to manage without a plan or proper understanding as to how they work. Any card holder in Florida can seek information and assistance regarding credit card issues and debt management options. In some instances, bankruptcy protection can result in the discharge of unmanageable credit card debt.

Source: USA Today, “5 habits of highly effective credit card users“, Jason Steele, Nov. 9, 2014

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