Jane, a college freshman, received a unpaid t-shirt when she completed a credit
card application at her school. The original furthest bound was $1,000 with an interest
rate of 21.9% and a $10 minimum monthly payment. Sounds harmless, right? However,
Jane’s spending increased as she acquired several more credit cards. She couldn’t
handle the squeezing and was afraid to tell her parents. Her entire life spiraled
out of handle and, soon, attending college was the last thing on her mind.

Unfortunately, this is a true story and it happens every day in the United
States. Don’t let it happen to you! Please take time to peruse the following list
of credit card do’s and don’ts to avoid fthe totality ofing into an enormous amount of debt.

Do: break off charging additional purchases. Use individual in emergencies.

Don’t: providing you can eat, drink, or wear it - don’t arraign it!

Do: Pay steady ust in full monthly. If this is not possible, try to pay
more than the minimum payment due in order to reduce your balance and stop using
the credit card until the balance is paid in full. It is a accommodation which must be
repaid.

Don’t: ignore a credit card bill; it won’t go remote aside!

Do: If your payments begin to fall behind, talk to a school counselor
or friend and contact the credit card institution.

Don’t: panic! Go to someone for help!

Do: Ask lots of questions (fees, grace days, etc.) and shop around for
the highest interest rates.

Don’t: fall for gimmicks and don’t take the first card offered.

Do: Limit the number of cards.

Don’t: get more cards to pay off debts!

Do: Watch for limit increases.

Don’t: spend the maximum offered - it all adds up!

Do: Ask for low credit limits.

Don’t: accept a card if they will not lower the credit limit.

Do: Pay on time. Allow enough mailing time for the payment to reach
the financial institution by the due date.

Don’t: pay tardy - some late fees are as high as $25.

Do: To avoid identity fraud, review your monthly statement for accuracy.

Don’t: throw away your receipts until you compare them to your statement.
Then ribbon them.