Finance.......in the othere word "money" is covering the most of our life style including our daily habits & daily needs.We all aware of the fact that we are often spend money beyond our capability....& practically it always effects our credit scores.
Now a days we all use credit cards more or less...whether it is for shopping or paying bills..... whatever.But none of us think that excessively using credit can also attracts your creditors to moniter you.Credit card companies continue to tighten their lending standards on card users.They are sneaking around your credit-data from your regular transaction receipts.They are doing this to identify the usege pattern of the custmer to be certain about the custmer's credit risk.
Have we often use credit cards for purchasing low grade food material , second-hand garments/products or for gambling, betting kind of things?we must be aware because the credit card service provider might be watching over us through our turnover records and making decisions about our creditworthiness according to our spending patterns.It compelled them to find financial distress in our behaviour & indications to be a defaulter of payment .The outcome will be higher interest rates & low credit limits.It immedietely effects the buyining pattern of a normal because higher interest rates & low credit limit results low utilization of credit card.it will also reduces the credit score of an indivisual.So use your credit card whenever you need, but always use it wisely.
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