Site icon Mid Oregon View

Keeping Your First Credit in Good Standing

Keeping Your First Credit in Good Standing | Concerned Young Man with Credit Card and Friends

Credit is a very tempting risk. As soon as you have all that available money at your disposal, all kinds of impulses can take hold of you. Stories abound of people getting numerous credit cards and going on spending sprees. Do you really think about keeping your first credit in good standing?

The Credit Hangover

Only after the bills come to their mailboxes do they feel the hangover. If it’s bad enough, they can feel it for many, many years. If you are one of them, you can be denied credit in the future, and you can even lose employment opportunities. You can be denied other loans, such as car and home loans. Such are the costs of abusing credit. With this in mind, here are some simple tips for wise use of that little plastic card:

Simple Tips

Looking at Credit Differently

To quote the great comedian Bob Hope, “A bank is a place that will lend you money if you can prove that you don’t need it.” This paradox is resolved when you see it from the bank’s point of view. It loans you money out of its vault so that it can earn money in return. It’s a business. Those who do not need credit are therefore the most likely to be able to pay the bank back.

Other Resources

Contact us today to learn more, and to get help keeping your first credit in good standing.

Exit mobile version