Monday, September 1, 2008

Should You Opt Out of a Credit Limit Increase?

In continuation of financial issues, there's a very curious article on and their importance. That reminds me of a story with my classemate back to college years when she, on graduation, was offerd a credit line increase. Assured tht she would never need that high credit limit, she opted out and then faced really hard times paying off her mortgage.
The article give sound advice on how to safely use high limit credit cards. I haven't been offered an increase yet, maybe because not much time has passes since my last late payment, but I'm looking forward to.

No comments: