Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Common Credit Problems and other Credit Report topics.
Are your credit card interest rates too high? Shop around for a better rate today.
There are a lot of low-rate cards out there, so you should be able to get a lower rate than what you're currently paying.
Here are practices to follow when managing credit card debt to avoid credit card problems:
* Be punctual. Low rates often are only effective if you make monthly payments on time. Miss a due date and the rate may shoot up and stay there, creating credit card problems.
* Check to make sure there is no minimum purchase requirement to keep interest rates low. Otherwise, you may quickly accrue long-term credit card debt.
* Read the fine print. Always make sure you understand everything about an agreement before you sign on the dotted line. If you need debt advice, seek credit card help.
|Jennifer Mathes, Ph.D.|