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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.

Some Important Rules To Follow To Beat Credit Card Companies

1. 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 for you!

2. 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.

3. 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.

4. 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.

5. 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 to man.

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.

Or contact us here for a free consultation.

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