Credit cards can be your best friend or your worst enemy. Used wisely, credit cards can offer you a convenient alternative to paying cash, as well as contributing positively to your credit history. Used foolishly, credit cards can leave you with mountains of debt, and send you into a downward spiral towards financial ruin. With the potential hazards involved, it's no wonder that some choose to conclude that credit cards are "evil". But are they really? Not when you use a bit of common sense.
Monday, February 18, 2008
Fwd: Don't let credit score decide financial path - SendMeRSS
Don't let credit score decide financial path - SendMeRSS
Chicago Tribune - I always cancel credit cards I've stopped using, even if closing the accounts hurts my credit score by raising my debt-to-credit ratio. Why keep unneeded accounts open and risk identity theft? I don't follow the advice to split charges evenly among ...
1 comment:
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