Manage your finances with these great credit tips and build your credit score at the same time!

1. Tips on How To Build
Your Credit Score Using
Credit Cards

2. All About Credit Cards
Credit cards can be a great
help in your life for helping
your manage your finances.
Not only are they good for
building good credit, but
they also can give you a
backup plan, in case of times
where you incur unintended
financial burdens.

3. Tips on How To Build
Your Credit Score
Using Credit Cards

4. Consider Applying for a Prepaid Debit Card
If you have poor credit and want
to repair it, consider a prepaid
debit card. This type of credit
card can usually be found at your
local bank. You can only use the
money that you have loaded onto
the card, but it is used as a
real credit card, with payments
and statements. Make sure that
this debit card reports your
transactions to credit bureaus.

5. Consider Getting a Secured Credit Card
A secured credit card will require
you to open a savings account
before a card is issued. If you
ever default on a payment, the
money from that account will be
used to pay off the card and any
late fees. This is a good way to
begin establishing credit so that
you have opportunities to get
better cards in the future.

6. Use Your Credit Card Consistently
You do not have to use your
credit card frequently, but
you should at least be using
it once a month. While the
goal is to keep the balance
low, it only helps your
credit report if you keep
the balance low, while using
it consistently at the same
time.

7. Keep an Eye on Your Credit Card Mail
While some might be junk mail
offering to sell you additional
services, or products, some mail is
important. Credit card companies
must send a mail if they are
changing the terms on your credit
card. Sometimes a change in terms
can cost you money. Make sure to
read mailings carefully, so you
always understand the terms that
are governing your credit card use.

8. Ask for Better Interest Rates
To lower your interest payments,
do not hesitate to phone your
credit companies and ask for
better interest rates. If you
have a strong credit rating and
have always made payments on
time, an improved interest rate
might be yours for the asking.
You may be able to save money on
your interest rates just by
picking up the phone and calling
your creditors.

9. Contact Your Credit Card Company
When you are unable to pay off
one of your credit cards, then
the best policy is to contact
the credit card company.
Letting it just go to credit
collections is bad for your
credit score. You will find
that most companies will let
you pay it off in smaller
amounts, as long as you don't
keep avoiding them.

10. Do Not Use a Credit Card to Pay Off Another
Do not use one credit card to
pay off the amount owed on
another until you check and
see which one has the lowest
rate. While this is never
considered the best thing to
do financially, you can
occasionally do this to make
sure you are not risking
getting further into debt.

11. Resources
For more credit tips please visit our blog on
http://www.newhorizon.org/credit-info/

12. Join our Community!
New Horizon Business Services, Inc.
NewHorizon.Org
NewHorizon.Org