max@creditcardtipsetc.com.
Best regards
Max Anderson
http://www.creditcardtipsetc.com
5 Signs That You May Be Abusing Your Credit Cards
Ever wonder if you're abusing your credit cards? It's a
shameful secret that many of us share. Some of these signs
may be humorous, some may be a sad reality -- but the one
thing that these 5 signs all have in common is that they
indicate a pattern of credit card abuse.
1. How Many Times Do You Re-sign?
How many times have you re-signed (and I mean signed more
than once, not resigned) your credit cards?
Yes, this actually happens...
I saw my friend signing the back of her credit card the
other day. "New card?" I asked. She kindly informed me that
it wasn't a new credit card but, rather, her signature had
worn off due to frequent use and she had to re-sign it.
Okay, exactly how many times do you have to use a credit
card before your signature wears off? I'm not sure (it's
never happened to me) but when I asked her, she really
didn't want to give the information up. I took that as a
sign.
It probably goes without saying -- if you're signature has
worn off of any of your credit cards due to frequent use,
you may be abusing your credit cards.
2. Can You Recite Your Number By Heart?
If you can recite your number by heart (and I mean your
credit card number, not your phone number) then you might
be abusing your credit cards.
When you call to place an order over the phone and the rep
asks for your credit card number, are you able to recite it
by heart? If so, you may want to sit down and seriously
think about how often you use your credit cards.
3. An Upward Trend?
If you find your credit card balances going up each month
instead of down, you might be abusing your credit cards.
Credit cards aren't a license to spend and you really
should charge only what you can pay off each month (except
in the case of an emergency). If you aren't able to pay off
your balances each month and your debt keeps piling up, you
may find yourself in some serious financial trouble.
Do yourself a favor and re-evaluate the way you've been
handling your credit cards. Put yourself on a budget and
don't charge any more until you can pay off the debt you've
already accumulated.
4. A Call From Security
Has the security department from your credit card company
had to put a freeze on your credit card until they were
able to speak with you? If so, you may be abusing your
credit cards.
Credit card companies use algorithms to track suspicious
credit card activity. If you charge too much or too often,
it will usually raise red flags at the credit card company
and they'll try to contact you to verify the charges. If
spending sprees are the reason for this call, you may want
to cut back on your credit card usage.
5. You've Been Dumped
Think getting dumped by a boyfriend or girlfriend is bad?
Try getting dumped by your favorite credit card company. If
you abuse your credit cards, they will close your accounts.
You don't even have to be late with a single payment. If
your debt increases significantly or your credit score
declines your credit card company can close your account
and take your card away from you.
If you enjoy using your credit cards, make sure you use
them wisely or you just may lose them.
Credit cards can be your best friend and your worst enemy
at the same time. While some of us may find humor in a few
of the above scenarios, make sure that you aren't relating
to them too well. Use your credit cards wisely and enjoy a
healthy financial future.
----------------------------------------------------
For more tips on credit cards, saving money and avoiding
getting taken, check out CreditCardTipsEtc.com, a website
that specializes in providing credit card tips, advice and
resources.
http://www.creditcardtipsetc.com/
