Financial Fitness Tips: Maximize Credit

Tip 4: Maximize Credit!

This concept isn’t what you think. We aren’t telling you to max out your credit cards…we’re recommending that you make the most of your relationships with your creditors! Pick up the phone and talk about options they give to customers, keep an open mind and be willing to negotiate. Credit card companies may offer lower interest rates or other terms to keep you a happy customer.

Other creditors, like utility providers, may offer payment plans to help you get back on time and reduce your fees. Ask for a change in your bill cycle to align with your paycheck, which assures you that, the money is in the bank when your bill is due. Remember, one of the best ways to stay financially fit is to charge only what you can pay off today.

Takeaway: Foster a two way relationship with your creditor.