Avoid Credit card crashing during festival times

November and December is the month of festival. During this seasons our purchases and spending increases more than the expectations. Thus suffering form credit card debt is very common problem for majority of people. To stop credit card debt one should know the warning signal that your card gives about your lowering scores. Following are some warning signal that you receive before heading towards financial stress. So you should understand these signals and celebrate you festival with joy and happiness.

Some of these signals are as follows:

1.The first notification is that when you start borrowing money from one credit card, in order to pay off the amount of second credit card.

2.When you are unable to pay your credit card amount every month on required regular intervals.

3.At times it happens that you go over you credit limit. Thus you have to pay your over credit limit plus the increased interest rate.

4.When your credit card bills increases then your previous month, without any major purchases like laptop etc.

5.When you use your credit limit more than 50 percent of more than one credit card account.

6.When you income fluctuate every month, but your cost of living keep increasing every month.

7.It is not feasible to use 5-6 credit cards each month. Instead one should use one credit card and with it you can use one more with low balance, which you can use during emergencies.

8.If you always avoid your credit card bills and always tries to pay your minimum amount. In that case you will never get rid of credit card debt.

9.Another important sign of your credit card crashing is when you lie or cover up your credit card bills from your partners.

10. At times it happens that you try to creeps the bills of consumables like groceries and gasoline, thinking you will you will pay off that next month.


If you think you are seeing any of above signals, then try to be overcautious and plan out your financial strategies today only.