Tip 1 – If you currently have any debt on your credit cards then it is important that you clear this as soon as possible. Although credit cards are a convenient way for you to purchase those items that you want if you can’t pay off the balance on your card each month the debt will soon mount up. If you do find yourself in such a situation consider taking out a small low cost loan to pay off the balance on your cards and doing this could save you 100s each year.
Tip 1 ” Credit cards certainly offer a solution when people are short of cash but need to make a purchase. They are usually offered at extremely low or no interest rates for a short term and this is dramatically increased thereafter. The interest incurred can often become unmanageable and spiral out of control. This in turn leads to repossession of goods and in some cases homelessness. It is sometimes helpful to consolidate all of the debts into one easier to handle, low cost loan and save hundreds of pounds each year.