Smart credit card use for holiday shoppers
News from Mannford Eagle:

(BPT) – What would holiday shopping be without credit cards? Using credit cards wisely can help you score some good deals, and offers a layer of consumer protection that cash and debit cards can’t. Still, if you get carried away with holiday spending, the season’s “Ho, ho, ho!” can turn into “Oh, oh, oh!” come January when the bills arrive.

When holiday shopping, it’s important to find the right balance of when to use plastic and when not, and to understand your credit status before you give your cards a workout. Fortunately, some planning and precautions can help ensure you use credit wisely this holiday season.

Before you start using credit cards for holiday shopping, take a look at your credit score and report. Knowing your current credit status will help you better understand how much (or little) credit you can afford to use this season. When you enroll in a product such as freecreditscore.com, you are provided access to tools that can help you understand how your spending behaviors impact your credit score and report, while tracking both over time.

Once you understand your current credit status, next decided which purchases you’ll make with cred…………… continues on Mannford Eagle

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Related News:

Is Your Teenager Ready for a Credit Card?
News from U.S. News & World Report:

Teaching teenagers how to save and spend responsibly is one thing. But teaching them how to use a credit card? That presents a host of new challenges, with the potential for slipups that could have damaging long-term effects.

As a teenager, Wanda Anglin’s son Skylar learned the consequences of misusing a credit card. When he turned 15 in 2008, Wanda made him an authorized user on her credit card. During that year, she monitored his charges and paid for his necessities—food, gas, and clothing—but typically had Skylar reimburse her for discretionary expenses. Judging by his good behavior with the card, Wanda thought at 16 years old, Skylar was ready to use credit without her looking over his shoulder. So she co-signed for him to get his own credit card in 2009.

[Read: How to Teach Your Kids About Credit Cards.]

So far, Skylar has made two late payments on the card: the first because he submitted the check on the day the bill was due (generally it takes three to five days for checks to clear); the second because he assigned the wrong date for the check to be delivered. Skylar says he didn’t know how…………… continues on U.S. News & World Report

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