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Tag Archives: cash advances

Common Credit Card Mistakes To Avoid

Hey everyone, I’m Joshua Rodriguez and, tank you for coming to read my debut post here at Eyes On The Dollar. I’ve had quite a bit of experience helping consumers with credit card debt so, I figured, I would share some of the fruits of that experience today. Although, I’ve come to learn that everyone is very unique on a financial level. But, I’ve also noticed quite a pattern through many of them. The pattern was, financial hardships were being caused by simple and avoidable mistakes made when using credit cards. So, today, I’m going to tell you a bit about the most common credit card mistakes that you should be sure to avoid. Mistake #1: Using Credit Cards For Cash Advances¬† One of the biggest mistakes that I’ve seen a trend forming around is the use of credit cards for cash advances. Unfortunately, most of the people that did this didn’t realize that cash advance balances were charged a much higher interest rate. Another thing most of them didn’t know is that, as they payed minimum payments, those payments were being allocated to the balances at the lowest interest rate. So, the balances at the highest interest rate would ...

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