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1. Think short... Credit cards have a negative reputation-many people dislike with them simply because they do not like the concept of borrowing money, or have fallen into debt before. But, the use of credit cards can help you create healthy credit by creating and maintaining a dynamic credit history on your credit report. Jenny Morgan, credit expert at ACCION, provides the following directions for applying managed credit card 'debt' being a tool for economic success. 1. Browse here at the link Home Welcome to Silver Spring Veterinary HospitalWelcome to Silver Sp to compare the reason for this viewpoint. Think short-term with credit cards. 'As a rule of thumb, don't purchase items which it is possible to not pay off in a year or less,' says Morgan. 2. Pay over the minimum. While credit card issuers might only require you to pay 2-3 of your monthly balance, attempt to pay more. You can save yourself thousands of dollars on curiosity if you pay the debt off as easily as you can. 3. Watch your limits A third of your overall credit score depends upon the proportion of credit used-to the credit you have available. Ideally, use only 50 and around half an hour of the borrowing limit. According to Morgan, 'Maxing out' your credit cards will simply harm your credit report. 4. Always pay by the due date Late payments lead to costly fees-not to mention a reduction in your credit rating 5. Find a card to meet your needs. Comparison shop to obtain the credit card that most readily useful meets your requirements. Each card provides stability transport rates, interest rates, and different annual costs. Morgan suggests using a credit-card search-engine like Bankrate.com to examine the advantages of different cards. (http://www.bankrate.com/brm/rate/brm_ccsearch_advanced.asp) 6. Read the fine print If your credit-card looks too good to be accurate, it probably is Read the terms and condition carefully-that 005-.010 APR initial rate is simply that- introductory- therefore make sure you know if the greater rate kicks in. 7. Don't have significantly more cards than you are able to handle. If your budget is overflowing with credit cards, future creditors will think that you are relying too greatly on credit, making you a higher credit risk. Limit your self to five active charge cards..