Friday, December 23, 2011, AM | Leave Comment
Whether the credit crunch is still on or not, we must take utmost care to use credit cards for our needs and not our wishes. Some experts say the red light for consumer credit crunch is still ON. It’s hard, extremely hard for some, but you have to use your credit cards wisely and more efficiently. Here are some suggestions for the use of credit cards:
Pay bills promptly to keep finance charges as low as possible.
Copies of sales slips
Keep copies of sales slips and promptly compare charges when your bills arrive at the end of the month.
Credit card numbers
Keep a list of your credit card account numbers and the telephone numbers of each card issuer in a safe place in case your cards are lost or stolen. Do this now. It’s better to be safe now than be sorry later.
Protect credit cards
Protect your credit cards and account numbers to prevent unauthorized use. At the time of purchase, draw a line through blank spaces above the total when you sign receipts.
Deal with reliable firms
Deal only with reliable firms. If in doubt, Check with your local Consumer Protection Agency or the Better Business Bureau (BBB) nearest to where the business is located. Study the advertising offer carefully. Ask the company about its warranty, refund and exchange policies. Pay by money order, check, charge or credit card so you have a record of your purchase. If you pay with cash, always ask for receipt and keep it safe.
Never send cash
Never send cash to any merchant, reputable or not. Keep the ad you responded to and a copy of the order form. If there is no order form, make your own notes with the company’s name, address, phone number, date, amount, the item you purchased, and any delivery date that may have been promised.
Keep your privacy
Never give out your credit, debit, charge card or bank account numbers unless you have satisfactorily checked out the company or have done business with it before.
In a Nutshell
In these financially critical times, always be on the look out to protect your credit cards. Use your favorite search engine to look for ways to how best to use your credit, debit and how to get out of debt alive. By that I mean while you are still living. Don’t leave your mess to your loved ones.