Beat The Credit Card Companies At Their Own Game
It seems odd when
you think of it, but credit card companies seem to get harsher as you
pay off your balances. The reason for this is simple: the more often you
pay your entire balance due, the less profit for their company. As a result,
it is more important than ever for consumers to be savvy about just what
the creditors are doing, and how they can trick you into a debt problem
you can't get out of.
Rules To Follow To Beat Credit Card Companies
Stop Carrying A Balance Today!
Carrying a balance means paying far more than you should for everything
your charge to your card. It is also one of the key reasons why people
end up encountering a serious problem with debt.
This is why paying
your balance off every month is so crucial. Without a balance, the cost
of obtaining credit is absolutely zero. Bad for the companies, but good
Check Out The Fine Print
Reading the credit card application completely before you sign it can
save you hundreds or even thousands of dollars each year. Credit card
companies make millions of dollars each year through "insurance policies"
that are useless, but have been unwittingly signed by the applicant. Read
more about these insurance policies here.
Also, ensure you read
your bill, and any other notices that come with it. Because credit card
issuers can change the terms of your credit card with a 15 day notice,
people often miss it.
Don't Let Your Card Company Own You
If you are having difficulty with your issue, complain, or even better,
change credit card companies. With competition so fierce in this still
growing industry, you can often have late fees waived or interest rates
lowered. All you have to do is ask! Often the companies are so fearful
of losing you as a customer that they will make these changes immediately.
Where There's Competition, There's Deals
With the credit market the way it is today, there is never a good reason
to hold a card with a high rate or poor terms. Today there are free travel
cards, no-fee cards, bonus shopping cards and many others. Currently,
there are a number of sites on the web that explain each of these cards
and their benefits.
Tip: most credit
card companies offer free balance transfers, a definite must-have when
applying for a new card.
Spending - As In Everything, Moderation Is The Key
This is the most important rule of them all. A key to doing this is to
not use your card at all. Leave it at home. Don't use it to buy things
you can't pay for in cash. What people without debt know best is that
credit cards are for emergencies and nothing else. Taking this rule to
heart will help you lose your debt quicker than any other method known
Are you living paycheck
to paycheck, or are constantly worrying about collection calls, Debt Consolidation
& Loans Central is here to help you. Read
about our company's solutions.
contact us here for a free consultation.
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