IN 60 SECS - CREDIT CARDS | CREDIT CARD GOLDEN RULES | HOW TO STAY IN CONTROL OF YOUR CREDIT CARD
- 4 years ago
We explain that credit cards are genuinely useful and come with built-in legal protections. But to stay in control of your card you must abide by certain rules. If not your card will start to control you.
A credit card is probably the easiest and most flexible form of borrowing. Using one is like borrowing on an item by item basis. And they come with a host of advantages over cash:
• You can buy now, pay later and take advantage of interest-free deals
• Losing one is safer than losing cash
• You’re legally protected when you make payments of £100 to £30,000.
But the ease of getting and using a credit card is matched only by the ease of getting into financial trouble if you mismanage repayments!
To stay in control of your credit card means making sure you repay the full amount each month. You can get the cash flow benefit without paying any interest!
However the credit card will take control of you if you only make small monthly repayments. Then your debt will grow month by month. And because interest rates on cards are relatively high you’ll start to be charged large sums of interest very quickly.
But if properly managed there’s every reason for a credit card to be in your wallet.
Explore numerous credit card options, including those designed to help rebuild your credit rating, by visiting the our website now.
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▶️ ON OUR WEBSITE & "MONEY MATTERS" BLOG
- Credit Cards: https://www.solution-loans.co.uk/credit-cards/
- Rebuild your credit rating: https://www.solution-loans.co.uk/credit-cards/vanquis/
- Are you in persistent credit card debt?: https://www.solution-loans.co.uk/blog/are-you-in-persistent-credit-card-debt-like-6-3-million-others-in-the-uk/
- Are you using the wrong credit card?: https://www.solution-loans.co.uk/blog/using-wrong-credit-card/
- Make your regular purchases on a bad credit credit card: https://www.solution-loans.co.uk/blog/regular-purchases-bad-credit-credit-card/
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▶️ SOCIAL
Like us on Facebook: https://www.facebook.com/SolutionLoansUK/
Follow us on Twitter: https://twitter.com/solutionloansuk
Follow us on Instagram: https://www.instagram.com/solutionloans/
Website: https://www.solution-loans.co.uk/
Subscribe to our YouTube channel: https://bit.ly/solutionloansYT
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▶️ ABOUT SOLUTION-LOANS.CO.UK
Solution Loans is a leading UK online credit broker. We started in 2005 with the express mission of providing people with information and online tools to help them make smarter financial decisions.
We're fully authorised and regulated by the Financial Conduct Authority (FCA). Our credit broking service is FREE to use; there are NO UPFRONT FEES. In most situations the deals you will get will be AS GOOD AS GOING DIRECT, although you should also have more choice than if you went direct.
A credit card is probably the easiest and most flexible form of borrowing. Using one is like borrowing on an item by item basis. And they come with a host of advantages over cash:
• You can buy now, pay later and take advantage of interest-free deals
• Losing one is safer than losing cash
• You’re legally protected when you make payments of £100 to £30,000.
But the ease of getting and using a credit card is matched only by the ease of getting into financial trouble if you mismanage repayments!
To stay in control of your credit card means making sure you repay the full amount each month. You can get the cash flow benefit without paying any interest!
However the credit card will take control of you if you only make small monthly repayments. Then your debt will grow month by month. And because interest rates on cards are relatively high you’ll start to be charged large sums of interest very quickly.
But if properly managed there’s every reason for a credit card to be in your wallet.
Explore numerous credit card options, including those designed to help rebuild your credit rating, by visiting the our website now.
------
▶️ ON OUR WEBSITE & "MONEY MATTERS" BLOG
- Credit Cards: https://www.solution-loans.co.uk/credit-cards/
- Rebuild your credit rating: https://www.solution-loans.co.uk/credit-cards/vanquis/
- Are you in persistent credit card debt?: https://www.solution-loans.co.uk/blog/are-you-in-persistent-credit-card-debt-like-6-3-million-others-in-the-uk/
- Are you using the wrong credit card?: https://www.solution-loans.co.uk/blog/using-wrong-credit-card/
- Make your regular purchases on a bad credit credit card: https://www.solution-loans.co.uk/blog/regular-purchases-bad-credit-credit-card/
------
▶️ SOCIAL
Like us on Facebook: https://www.facebook.com/SolutionLoansUK/
Follow us on Twitter: https://twitter.com/solutionloansuk
Follow us on Instagram: https://www.instagram.com/solutionloans/
Website: https://www.solution-loans.co.uk/
Subscribe to our YouTube channel: https://bit.ly/solutionloansYT
------
▶️ ABOUT SOLUTION-LOANS.CO.UK
Solution Loans is a leading UK online credit broker. We started in 2005 with the express mission of providing people with information and online tools to help them make smarter financial decisions.
We're fully authorised and regulated by the Financial Conduct Authority (FCA). Our credit broking service is FREE to use; there are NO UPFRONT FEES. In most situations the deals you will get will be AS GOOD AS GOING DIRECT, although you should also have more choice than if you went direct.