You can't seem to avoid them whatsoever nowadays. Credit cards are everywhere, whether you're shopping in your local supermarket or in the train station, it has never been simpler to apply for one. This may be why so a lot of us have not just one credit greeting card, but so many of the plastic things that often it's not hard to forget just how many you possess. We all need to be careful with these plastic comforts as by having several you could easily become very disorganised and forget that which you have, with which company and just how much your credit limit is. This will be a dream for credit card companies because they strive on making money from individuals consumers who make late payments, go over the agreed credit limit as these are a few of the ways they make money from all of us. Let's think about this some much more. In reality if you have say a lot more than four credit cards how will you manage them all especially if you routinely use them all. One credit card s
tatement may be due at the start of the month, another in the middle and another at the end so how will you remember all of this. Despite a reminder through the statement arriving at your door action, this could all be a small mess if you forget. Just using a week away in the sun might confuse things, so keep this mind if you wish to avoid extra unnecessary payments. What about how exactly much you can spend on each charge card? You might have £ 1000 borrowing limit on one card, £ 1300 on another along with other limits on your other cards. Many credit cards will help you to spend over your limit, only to discover when you next receive your statement you've been charged for this privilege! Monitoring how much you have spent on each card could be nightmare unless you keep some kind of log or regularly call up the actual card companies to get an current balance. It can be very easy to place purchases onto a card and not to worry about it at that time. It can be ver
y tempting to get this done but many consumers fail to realise the amount of debt they are getting themselves in to. By having more than one card it may be even easier to fall into the trap of spending and obtain you into debt without even understanding. Please visit Credit Card UK for more info.
View this post on my blog: http://creditcard.valuegov.com/downfalls-of-having-multiple-credit-cards/
tatement may be due at the start of the month, another in the middle and another at the end so how will you remember all of this. Despite a reminder through the statement arriving at your door action, this could all be a small mess if you forget. Just using a week away in the sun might confuse things, so keep this mind if you wish to avoid extra unnecessary payments. What about how exactly much you can spend on each charge card? You might have £ 1000 borrowing limit on one card, £ 1300 on another along with other limits on your other cards. Many credit cards will help you to spend over your limit, only to discover when you next receive your statement you've been charged for this privilege! Monitoring how much you have spent on each card could be nightmare unless you keep some kind of log or regularly call up the actual card companies to get an current balance. It can be very easy to place purchases onto a card and not to worry about it at that time. It can be ver
y tempting to get this done but many consumers fail to realise the amount of debt they are getting themselves in to. By having more than one card it may be even easier to fall into the trap of spending and obtain you into debt without even understanding. Please visit Credit Card UK for more info.
View this post on my blog: http://creditcard.valuegov.com/downfalls-of-having-multiple-credit-cards/
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