Only spend what you can
afford. Know your credit limit. Be sure to only
spend what you know you can repay — on time and preferably in full — regardless
of how high your credit limit is.
Reach out for help if you are
struggling with debt. If you have a serious
debt problem, consider turning to a reputable credit counseling service. A
variety of organizations specialize in advising borrowers on how to minimize
harm from troublesome debt, such as limiting the damage to their credit
histories. But be careful before signing an agreement or providing payment
information to a credit counselor; some may offer questionable or expensive
services, and others may be scams.
Start your search by asking
people and organizations you trust for referrals. Then check on the complaint
history of several credit counseling agencies with your state Attorney
General's office, your local consumer protection agency or the Better Business
Bureau. Also get details about their services and fees before making an oral or
Remember that you can also
talk with your credit card company directly to explain your situation and
explore options for relief.