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Using Credit Cards Wisely
Global Client Solutions
Introduction
• The developer of a debt payment processing platform, Global Client
Solutions helps consumers process their payments and serves as an
intermediary between businesses and their customers. Debt repayments
made using Global Client Solutions’ platform are insured by the Federal
Deposit Insurance Corporation (FDIC).
Many people enter debt as a result of credit card usage. The most obvious
advice for avoiding this issue is to pay your balance in full on a monthly
basis. This prevents interest from building on the balance, while also
allowing you to collect up to 50 days’ worth of interest on the money that
has been earmarked for the payment, depending on the terms of your
credit card.
You should also record your statement’s closing date, which is different
from the date the payment is due. Federal Law accords you a 21-day
period between the closing date and bill payment date, during which time
no interest will accrue. Attempt to pay the balance within this period by
staying aware of your statement closing date.

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Using Credit Cards Wisely: Tips for Avoiding Debt

  • 1. Using Credit Cards Wisely Global Client Solutions
  • 2. Introduction • The developer of a debt payment processing platform, Global Client Solutions helps consumers process their payments and serves as an intermediary between businesses and their customers. Debt repayments made using Global Client Solutions’ platform are insured by the Federal Deposit Insurance Corporation (FDIC). Many people enter debt as a result of credit card usage. The most obvious advice for avoiding this issue is to pay your balance in full on a monthly basis. This prevents interest from building on the balance, while also allowing you to collect up to 50 days’ worth of interest on the money that has been earmarked for the payment, depending on the terms of your credit card. You should also record your statement’s closing date, which is different from the date the payment is due. Federal Law accords you a 21-day period between the closing date and bill payment date, during which time no interest will accrue. Attempt to pay the balance within this period by staying aware of your statement closing date.