Credit cards have been in our lives for years and are the products offered by banks to make our payments easier. It is an indisputable fact that they make our lives easier if they are used consciously. However, sometimes due to the requirements, users spend as much as they can not pay with their credit cards and thus, they owe to the bank to which they are customers.
First of all, let’s talk about the things that no credit card user should remember. The credit card is the sole responsibility of the person. You should know your income-expenditure balance very well, you should set limits for yourself. Many people move as they don’t have any money when shopping with a credit card, and when it comes to extracting it, it gets into trouble. In order to avoid such troubles, you should not make unnecessary purchases and not be attracted to the word “installment Bu.
Using more credit cards than you need may hurt your head in the future. It should be noted that each credit card has an annual fee and each new card means a new risk.
Your credit card limit is another important issue. You should not apply for limit cards that exceed your income. Even if you buy a low-limit credit card, the bank can increase this limit over time. If you don’t need it, it will be useful for you to contact your bank and lower your credit card limit.
You should pay your credit card debt regularly and on time. You should not forget that the minimum amount to be paid, which is known as the minimum debt, does not cover the entire debt and you still owe your bank. If you have the possibility to pay the entire debt will always be better for the future.
“I can’t pay my credit card debt. What should I do?”
If your debts have accumulated and you cannot afford to pay, you should go to this debt instead of running away from this debt and the bank. Because the interest rate of interest comes into effect from the first month and continues to be applied during the period you do not pay. If you do not pay for 3 months, your bank will send you a warning letter. This request to pay the entire debt and gives you 15 days. If you do not pay or contact the bank within these 15 days, the bank will initiate the legal follow-up process. In this process, the bank closes your debt in some way through lawyers.
To avoid this situation, please contact your bank when your debt exceeds the amount you can pay. If you have more than one card you can collect all of them on the same card and you may be a little distant from the future delay interest. If you declare that you wish to close your credit card and pay your debt in installments, your bank will work with you to determine the most appropriate payment plan for you. You can pay your debt in accordance with these conditions with a more flexible payment plan.
Taking consumer credit to close your credit card debt can make sense in some situations. If the credit card installments are subject to more interest than the installments of the general purpose loan; you can close your debt at once, you can make a repayment of the loan.
You can find the credit card that best suits you in the FinZoom – Comparative Credit Card section and apply immediately.