You love showering others with special gifts during the holidays. But you don’t like facing mounting credit card debt to make that happen.
Last year, the average amount of post-holiday debt was $1,381, according to personal financial site Magnify Money. Of those that borrowed money. 89% said they won’t be able to pay off that debt in a month.
Sure…Give Yourself Some Credit!
Credit cards aren’t all bad. You need different open credit lines to prove you can manage debt.
However, when you shop with a credit card, set a limit for holiday gifts, track your spending, and have a three-month payoff plan for your holiday debt.
Smart Spending Means Better Mortgage Financing!
Pay your bills on time and keep your credit card balances low, at least under 30% of the limit on each, so your credit score stays high.
Using credit cards responsibly is worth the effort! A good credit score helps you qualify for the best possible rates for a purchase or refinance.
Rely on us to help you save money on your next mortgage!