How to Use Credi Cards the Right Way

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How To Use Your Credit Cards The Right Way
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Credit Cards

• If you seem lost and confused in the world of
  credit cards, you are not alone. They have become
  so mainstream. Such a part of our daily lives,
  and yet so many people are still confused about
  the best ways to use them, how they affect your
  credit in the future, and even what the credit
  card companies are and are not allowed to do.
  This article will attempt to help you wade
  through all the information.

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Dont Open Too Many Credit Card Accounts

• A single person only needs two or three in his or
  her name, in order to get a good credit
  established. More credit cards than this could
  actually do more damage than good to your score.
  Also, having multiple accounts is harder to keep
  track of and harder to remember to pay on time.

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Close Accounts Not Used In The Past 6 Months

• If you have any credit cards that you have not
  used in the past six months, then it would
  probably be a good idea to close out those
  accounts. If a thief gets his hands on them, you
  may not notice for a while because you are not
  likely to go looking at the balance of those
  credit cards and they may rack up some exorbitant
  costs.
• TIP How to close credit card without damaging
  your credit score

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Manage Your Statements Online

• Learn how to manage your bad credit credit card
  online. Most credit card companies now have
  online resources where you can oversee your daily
  credit actions. These resources give you more
  power than you have ever had before over your
  credit, including, knowing very quickly, whether
  your identity has been compromised.

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Save Your Statements

• Make sure you save your statements. Before you
  file them away, pay close attention to what is on
  them as well. If you see a charge that shouldn't
  be on there, dispute the charge. All credit card
  companies have dispute procedures in place to
  assist you with fraudulent charges that may
  occur.
• TIP How to dispute charge offs from your credit
  report

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Dont Treat Your Credit Card Like An ATM

• To avoid interest charges, don't treat your
  credit card as you would an ATM card. Don't get
  in the habit of charging every single item that
  you buy. Doing so will only pile on charges to
  your bill, you may get an unpleasant surprise
  when you receive that monthly credit card bill.
• TIP Reasons why credit card cash advances are
  NOT good.

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Pay On Time

• Make sure that you make your payments on time
  when you have a credit card. The extra fees are
  where the credit card companies get you. It is
  very important to make sure you pay on time to
  avoid those costly fees. This will also reflect
  positively on your credit report.

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