Credit Cards Archives - InvestMoneyRight

Category: Credit Cards

Credit cards allow consumers to borrow money to make purchases. This borrowed money is on a short term basis and after 30 day you are expected to pay it all back. If you cannot afford your bill at the end of the month, the card company will begin to charge you interest on the balance you owe.

The interest rates that credit card companies charge are extremely high! This is how people find themselves buried in debt from using their credit cards too much. By the time they notice they have been over spending, it’s too late.

We don’t want this to happen to you!

Here is a collection of articles based around the topic of credit cards. From applying for your first card to making your first purchase, we explain the process in detail.

Most importantly, we educate you on the ins and outs of using credit correctly. With the right understanding, you can take advantage of properly using a credit card without falling victim to common credit card mistakes.

11Oct 2016 by Jesse Losse No Comments

Common Credit Card Mistakes | A Beginner’s Guide to Using a Credit Card

Credit Cards, Managing Debt

Common credit card mistakes are easily avoidable with the right education. This articles is to serve as a beginner's guide to using a credit card. Most people know what a credit card is but for those of you who don't - a credit card is a small, rectangular piece of plastic that is connected to a financial account that acts like a short-term loan. This card allows you to make a purchase and pay it back at a later time. Since you do not need to have the money upfront to make a purchase, a credit card can potentially be very dangerous for someone who likes to spend money. InvestMoneyRight.com is here to make sure you don't find yourself with a credit card nightmare on your hands! By using your credit properly,…