CreditRepairFree.OrgCredit Repair Information

Credit cards are like a cancer and like cancer that destroys your physical health, credit cards will destroy your financial health.

No one NEEDS a credit card to build credit. CC issuers have been running this scam for years and years. A savings account is a better indication of your ability to manage your finances than a bunch of credit cards. With a credit card, you are BUYING a credit profile through high interest rates and annual fees. With a savings account, you are EARNING a credit profile. But they do not care about your ability to save money. They care about your willingness to spend money. They want their card holders to get into as much debt as possible so they can make as much money (interest and fees) as possible for the CEO and stockholders. They could not care less about their customer’s financial burdens or how the CC issuer got them into that situation. The important thing is that it takes individual responsibility to keep that from happening.

CC issuers know human nature. Humans are impatient, forgetful, egotistical status seeking animals, greedy, and not very smart at financial matters. Humans cannot wait to buy something that will make them feel good or look good, regardless of the cost. They will forget to make the payment, incurring a late payment fee and interest charges. They cannot remember how much credit they have left and will overspend, incurring an over limit fee. They will spend more than they can afford, incurring interest charges on their credit balances. The FDIC noted in 2008 that 93% of the $18 billion bank ATM overdraft fees were paid by 14% of their customers. NSF checks added $12 billion dollars to that figure.

Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments – credit-report-score.10001mb.com