Use of Credit Cards

The use of credit has been on the rise over the last few years. Between car loans and mortgages,people are using credit cards more often than using cash for purchases. These purchases are for mundane needs such as grocery shopping,gas to lunch and routine needs. Credit card bills can easily mount due to planned purchases,holiday gifts or unexpected needs.It is important to keep receipts of all credit card purchases,review your bill once you receive it and challange any purchases that you feel are not correct. Also think about paying the balance at the end of each billing cycle.The interest rates on unpaid credit card balances are very high and not having to pay interest on the cards can free up money for other needs. Also contact www.creditreport.com for your free annual copy of your credit reports. Carefully review the reports form all three reporting services. If they are not correct,contact the reporting agency and challange the part that you feel is not correct.Having a correct credit report can make a difference in being approved for a loan or credit card.