Additional Importance of a Low Spending/Credit Limit The primary benefit is no other than the peace of mind. I said once that I had an instance in 2007 where a waitress had swiped both my credit and debit card. She told the first card was not read by a handheld card reader. So I don't just had $10000 mixed up credit card but also got zero cash in my bank account. To highly emphasize the incident, I was able to purchase my very first house and eventually had my first mortgage fees coming up in less than two consecutive weeks. I feel like sweating bullets, and luckily, my financial institutions have believed me after telling them that I never bought 100 tickets to Ozzfest. If you're ready to carry the burden of a credit card balance and you desire to reduce your expenditures, a lower credit limit is another option. Borrow less money, be guaranteed of lesser expenditures. Very simple.
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AuthorHi there! I’m Denise Shaw, a financial analyst from Delaware. I have been in this professional expertise for over 7 years now. Archives
September 2020
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