4 Ways to Dodge Annoying Credit Card Traps
It may sometimes feel a bit counterintuitive, but you need to take on a bit of debt to become more creditworthy. Banks and other institutions don't just want to know you have money -- they want to see your track record of repaying what you owe. While having and using credit cards is a necessary evil, the trick is using them correctly.
In this episode of Motley Fool Answers, Alison Southwick and Robert Brokamp are joined by Motley Fool analyst Nathan Hamilton, one of our credit specialists, to talk about the most common credit card pitfalls and how you can avoid them.
A full transcript follows the video.
Source: Fool.com