Is Your Credit in Good Health?

Is Your Credit in Good Health?

Credit cards are not the villain they are made out to be. Just make sure to use your credit cards responsibly and it will pay off greatly in the end!

  • Credit cards make purchases more beneficial than debit cards can. What do we mean by that? Well, when making a large purchase, online purchase or a reservation, credit cards are the way to go. They typically have higher daily swipe limits so less of a chance of a card denial. Also, it is much faster to process any type of fraudulent activity. This means your bill-paying money (attached to your debit card) is not in jeopardy.
  • With that in mind, using your credit card responsibly can raise your credit score as payments are made on time. The credit bureaus will see the revolving credit is being used responsibly and payments are being made in a timely manner.
  • Keep an eye on your credit score to make sure there aren't any reporting errors, incorrect activity or something you do not recognize.
  • HealthShare frequently posts blogs regarding healthy financial activity so keep up to date on the most recent financial news.

Financial education is an important skill to learn that will help you succeed throughout your life. Knowing about money, budgets and the difference between wants and needs will help you make financially sound decisions and keep out of the pitfalls of debt for years to come. Emergencies happen, but with HealthShare on your side, you can feel confident to face any challenge head-on and get back to your regularly scheduled budget in no time!
 
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