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Q: What are some of the strategies that can help you use credit wisely?
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Why should you avoid credit cards?

Credit cards can be a dangerous temptation to some people, if they see it as free money and don't plan for what happens when the limit is reached. If however you use the card wisely, there's nothing wrong with them.


How can someone repair their credit score?

There are a number of steps one can take to repair their credit score rating. Some of those steps include paying off all existing debts or setting up a payment plan to cover them, and to apply for and use a credit card wisely to slowly build up a good credit score again.


What are some popular credit card consolidation companies?

Some popular credit card consolidation companies are: "personal finacial help solutions", "buyers guide", "123 debt solutions", "Debt wave credit counselling", "Premier Debt Help", "Incharge debt solution", "Coastal Credit Solutions", to mention a few.


What are some good credit cards for people who have no credit?

There are various companies that have special credit cards to help you build your credit. Most companies offer secured credit cards, that would be your best bet to build your credit rating.


Where can one get debt and credit counseling?

According to information that is available on the internet there are many people who need help with credit card debt and that the number of people needing help is rising daily. There are websites that offer help for people with debt by offering credit counseling. Some of these sites are the Debt Advisory Centre UK, Money Debt and Credit, BBC Dept and Consumer Credit.

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Why do people get credit?

People get credit because you need a credit rating to do almost anything. Credit scores are used to help calculate how much you pay for auto insurance as well as by some employers. The key is to used the credit you get wisely. Use the card every month but pay off the whole balance each month this will help to build a great credit score. You also usually need a credit card to get a hotel room or rent a car even if you have the cash to pay. Just remember to have credit you don't have to be in debt.


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Why should you avoid credit cards?

Credit cards can be a dangerous temptation to some people, if they see it as free money and don't plan for what happens when the limit is reached. If however you use the card wisely, there's nothing wrong with them.


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How can someone repair their credit score?

There are a number of steps one can take to repair their credit score rating. Some of those steps include paying off all existing debts or setting up a payment plan to cover them, and to apply for and use a credit card wisely to slowly build up a good credit score again.


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