pay off the balance every month.
New York, NY (PRWEB) November 27, 2014
Debt Consolidation USA recently shared in an article how consumers may unknowingly be developing signs of being a credit junkie. The article titled “Signs Of A Credit Junkie: Should You Prepare For Credit Therapy?” looks into instances when people might already be manifesting severe dependency on their credit cards.
The article starts off by explaining how most people start off treating their credit cards as if it was their best friend. The relationship starts off smoothly with the credit card being able to fund the basic expenses of the consumer like groceries and gas. Then it is used to fund the bigger ticket items and when the card reaches its limits, the consumer dumps the card and moves on to another one.
One of the clear signs that a person is a credit junkie is jumping from one credit card to another while throwing caution to the wind. Signing bonuses and discounts are some of the reasons people take the card even if they already have one. Getting new credit cards because of the temporary benefits is a clear sign of dependency on credit cards.
The article also points out that credit junkies are easily lured by retail cards thinking that they will be able to save a lot of money by getting the cards.The usual line is that consumers can save a lot because of the discounts offered and they buy from the stores anyways. But what these consumers do do not realize is that they need to purchase items first to enjoy the discount.
Credit card payment is another characteristics that separates credit card junkies to consumers who are able to use their cards wisely.Smart use of a credit card is to pay off the balance every month. There are times that you need to split the payments especially on big purchases but that is acceptable as long as you pay it off the following month.But card junkies do not even have a desire to take care of their balance. They want to spend but they do not want to face payments.
The article also points out the another unique trait of a consumer addicted to credit purchases. The credit limit on a credit card can be considered as a safety feature that lets consumers know that they are already nearing their limit and would have to re-think their purchases. But credit junkies will always request for an increase in the limit. To read the article, click this link: http://www.debtconsolidationusa.com/creditcarddebt/signs-credit-junkie-prepare-credit-therapy.html