https://padlet.com/graceanngavigan/sh8rr2mjbprf By Graceann Gavigan, Tyler Green, Emily Huhn, and Kylah Humphress en-us 2018-09-11 14:30:00 UTC 2018-09-14 00:57:49 UTC hello@padlet.com graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279903074 To avoid credit card debt, it is important to only charge what you can afford.]]> 2018-09-11 14:58:03 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279903074 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279904674 Look for extra fees and agreements before signing an agreement form.
Such fees can include annual card fees, replacement card fees, balance transfer, card advance, late payment, and interest rate.]]> 2018-09-11 15:00:34 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279904674 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279906658 Avoid forgetting to pay credit card bills by picking a due date that is easy to remember.]]> 2018-09-11 15:03:57 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279906658 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279907446 By doing this, you can frequently monitor your bills and it is easy to do with the convenience of being in your own home. ]]> 2018-09-11 15:05:13 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279907446 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279909449 If you typically pay your bills on time, you can call and ask if the bank will waive your late fee.]]> 2018-09-11 15:08:06 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279909449 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279911286 If you can, pay more than the minimum it requires you to pay.
By doing this, it will decrease the amount of interest you are paying as well as how long you are paying off the credit card]]> 2018-09-11 15:10:52 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279911286 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279915259 To keep a good credit score, limit your applications for new credit for only when it is necessary.]]> 2018-09-11 15:16:59 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279915259 kylahhumphress https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279921112 Debt affects your credit score. To maintain a high score, your account balance should be under 30 percent of your available credit limit. If you miss payments your score will drop significantly and it won't fall off of your credit report for 7 years!]]> 2018-09-11 15:26:31 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279921112 kylahhumphress https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279925089 In the US there is no debtor's prison, but you can receive a law suit from your credit card company. This can lead to them garnishing your wages or taking nonexempt property and assets.]]> 2018-09-11 15:32:57 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/279925089 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280102285 It is important to catch it early if you notice there has been credit card fraud or identity theft using your account. People also make mistakes as far as putting in numbers or information. One small detail can create a large decline in your credit score. Finding these mistakes early will help you fix them fast and maintain good credit.]]> 2018-09-11 21:07:18 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280102285 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280104768 https://www.thebalance.com/using-credit-cards-4073400
https://www.moneysmart.gov.au/borrowing-and-credit/credit-cards/smart-ways-to-use-your-credit-card
https://www.youtube.com/watch?v=LKIEMbtXMfA
https://www.thebalance.com/maintain-good-credit-score-960513]]> 2018-09-11 21:16:50 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280104768 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280959544 By researching how to properly use credit cards and what happens if you don't, we have learned how easy it is to get out of hand with credit cards. It is important to only have a credit card if you are responsible and know how to use one. By abusing credit cards, this can bring down your credit score and truly affect your life for years and years to come. We also realized how many different fees or guidelines can vary between banks and corporations. Before this assignment, we were familiar with how credit cards worked, but we have expanded our knowledge greatly through our research!]]> 2018-09-13 17:14:05 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280959544 graceanngavigan https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280988547 Our group agreed that credit cards are a great way purchase items and spend money as long as you do it responsibly. As most people would, we found it valuable to maintain a good credit score and keep up with paying your bills. And lastly, we agreed that it is important to read the fine print and put in work to make sure you pick the best credit card for you.]]> 2018-09-13 18:01:57 UTC https://padlet.com/graceanngavigan/sh8rr2mjbprf/wish/280988547