Bad Credit Credit Card - When You Gotta Go, You Gotta Go
What is there to fear from bad credit credit cards:
- High interest rates on revolving credit.
- Credit limits that are low but still greater than what your income might be able to handle on a month by month basis.
- The temptation to continue the trends that caused your bad credit in the first place.
Ok - so now you know. But you also know that life without a credit card can be tough, always running around looking for cash, never being able to just carry the plastic. If you absolutely need a bad credit credit card get one - but stay on top of that plastic rectangle because it is indeed your #1 financial enemy.
Handling your bad credit credit card
Just keep an eye on things at all times, pay attention, don't lose sight of your bad credit credit card or any balances on it - if you put in the time you will be safe. But if you don't if you let your spending lapse even a little bit that bad credit credit card will jump on the opportunity and pull you down faster than you could ever how to draw your weapon. So don;t give it the opportunity - keep a ledge, budget yourself, and pay off the full balance at the end of each month.
Easier said than done. Its the nature of the credit card to want to use it, to throw caution to the wind and enjoy life while you can - to lay the obligation on someone else at least for a little while. So its up to you to beat that natural instinct, to resist the urges of last minute expenses and consider your bad credit credit card as a necessary burden and not an opportunity.
Ok - now go out there and find the bad credit credit card with the lowest possible APR you can possibly find!
All material copyright © 2008 Ditching Debt. All rights reserved.
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