I wouldn't panic just because interest rates go up a quarter point, You should review your finances and see if there are areas I can cut back, areas I don't use.
More Quotes from Steve Rhode:
If you're opening a card and then paying it off and closing it, that's not really building a credit history for you.Steve Rhode
If you have lived a lifestyle where you find it OK not to save and you live month to month, then 2,000 must seem like a bag of gold falling from the sky.
Steve Rhode
Who wants to be out with your friends or business clients and have that happen -- 'Do you have another card, sir ' You feel like a loser -- when it can be completely beyond your control.
Steve Rhode
While it's great that many Americans have been able to reduce their overall credit card debt, let's hope we don't wake up to a holiday hangover when the credit card bills for this holiday season start arriving in January. If consumers used credit for their holiday purchases this year, they might erase any progress they have made toward paying down their debt.
Steve Rhode
You should expect that at some time you're going to have a credit card rejected.
Steve Rhode
So many people that wait until the last minute buy all these things with money they don't have.
Steve Rhode
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