Utilization of credit card...


Credit Risk terms “Money available for a client to borrow takes a risk in the hope of a favorable outcome “A credit card is a financial instrument, which can be used, for buying goods and services on credit from anywhere, which are generally issued from bank, retail houses and other business originated houses. When credit card issue to the person you have to be carefully go through the credit-card limitation as less as you can use it your own liability gets less .However people are not much aware of that how risky using of credit card if it is not used in a phased manner.

Credit card is usually used it to avoid the circumstances when you are in debt or if there is money crisis .US people can use credit card as many as they can and ultimate result is find out that they are sinking in debt wave, problem is that before using Credit Card you will be keep your self in safe cage like if you are working you can go for credit card but try to payment the dues within due date otherwise your interest amount will be increased and the card used by you it may be that’s carry high interest rate, there are several kinds of cards issued by bank like blue card, gold card, silver card, platinum and titanium cards its varies bank to bank , and the person used it and if you are not to pay your dues your interest amount gets levied on that amount and it will increase your debt .However some guys are studying in school and colleges, they are seems to be jobless guys they are also using credit cards in their student life but when the to time clears their dues they didn’t find the way how to repay the dues make his/her life into debt.

SOME CREDIT-MAGIC SOLUTIONS:
1. Try to increase your revenue .Since the Credit range will be no longer and it will not create an obstacle, and you will be able to close your more loans.
2. Go for Credit Card but before make your balance between the savings and expenses throughout the year.
3.Before go for Credit Card make it confirm all the disciplinary rules which is under act because issuers offers nonetheless ,and confirm the interest rate, fees and payment parameter.
4. Set your budget according to allowances you receive other wise you are not able to pay your dues and it will create burden with interest charges on your credit.
5. Try to pay your bills, rents, and other essential thing in full, or at least some extent or as much as possible.
6. Never go over the limit of your financial capacity, if it is then you have to add incur some additional source of earning.





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