Not only can a poorly managed credit card result in a lot of wasted money, but it could snowball into a bigger problem by damaging your credit scores.
A well-managed credit card can be an important step toward earning good credit scores. When you make credit card mistakes, however, those same accounts can set you back and potentially hurt your credit scores. You should avoid carrying high balances and paying late if you want your credit cards to help you instead of causing credit problems, and avoiding credit cards all together is not a solution. Read more personal finance coverage. A credit card is a tool that can make your life a lot easier.
A well-managed credit card can be an important step toward earning good credit scores. When you make credit card mistakes, however, those same accounts can set you back and potentially hurt your credit scores. You should avoid carrying high balances and paying late if you want your credit cards to help you instead of causing credit problems, and avoiding credit cards all together is not a solution. Read more personal finance coverage. A credit card is a tool that can make your life a lot easier.
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