When you enter your 30s, you are in a position of maturity that is getting more and more mature overall. Maturity can be seen from the behavior that is getting better, have a good mindset, able to maintain emotionally, to be responsible for all things.
However, in reality a person’s adult level cannot be measured by his age. There are still many people who have entered their 30s but are not accountable to their finances, one of which is the use of the wrong credit card and continues to be left without any improvement. In fact, these mistakes can cause huge losses, namely in the form of debt.
Surely you don’t want that to happen, right? Well, here are some lists of mistakes that are often made by credit card users. Check again and make improvements before the finances are destroyed.
1. Credit Card Report Not Read
Although paying credit card bills online, it does not mean we are indifferent to credit card statements. There are even people who don’t touch their reports and are left lying on the corner table of the house. In fact, reading credit card statements is an important thing to do. The aim is to find out the expenditure in detail from the use of credit cards.
Tip: check the billing statement in detail and thoroughly. If there are invalid billing data, then you can directly make a complaint to the bank.
2. Pay Late Bills
Being late or delaying credit card bill payments will have a negative impact on users. In addition to being fined for making credit card bills more swollen, you will also be labeled as bad collectability by the bank, thus damaging the history of the charge. That is, it will be increasingly difficult to get loans or other credit card applications.
Tip: it’s never too late to get better including the use of credit cards. Learn on time when making bill payments. Note the credit card bill due date on each calendar you have.
3. Only Make Minimum Payments
There is no prohibition if credit card users only make payments at minimum installments. But if this is done continuously, then the remaining outstanding bills and interest will become a bigger pile of debt. If the mistake is still being made, then inevitably you will face an increasingly chaotic financial condition.
Tip: stop making minimum payments on credit card bills. Next start paying the bills in full. This is so that the debt does not continue to grow. Repay the debt immediately so that your finances improve.
4. Don’t Pay Bills
Have a credit card debt that is so large and feel unable to pay it so you decide to stop paying the debt entirely. This is one of the big mistakes that credit card users often make in their 30s.
It is true that the bank will close the credit card account for six months without making a payment. But that does not mean you are free from bills. Instead the bank will continue to charge you to pay off debt by bringing debt collectors to the house.
Tip: If you cannot pay off a large enough debt, you should not make your own decisions. You can consult with the bank or credit card company so they can find the best solution. Do this so that financial conditions remain safe.
5. Close the Credit Card
Most people think closing unused credit cards is the best way. In fact, it is not the best solution for credit card users. Closing your credit card account will only damage your credit score or credit utilization ratio. Well, the higher your ratio, the greater the negative impact on credit scores.
Tip: even if there are credit cards that are not used, just leave them open. The goal is to keep your credit card usage ratio low.
Use Credit Cards Wisely
Avoid making mistakes on the use of credit cards which can adversely affect your financial condition. This certainly applies to all credit card users. Use a credit card as best you can so that the benefits and benefits you can feel. That way, the use of credit cards can certainly help and have a good impact on your finances.