When used correctly, credit cards can be effective financial tools. Even so, it might do you some good to take a brief hiatus from using your credit cards for one month.

Whether you monitor your credit regularly or ignore it until you need to apply for a loan or finance a big purchase, your credit score impacts your finances daily.

As long as you use them responsibly, credit cards are useful tools in your financial arsenal. Nonetheless, so few borrowers understand the damage they can work upon their financial health by abusing them.

Let’s get honest for a minute: Do you know your credit score? While this three-digit number may not define you, it does define your credit – and your future borrowing abilities!

The number one way to ensure you use a credit card to your advantage instead of your detriment is to treat your credit card as if it were a debit card. Here, we tell you just how to do that.

There may be times in your life that warrant opening a new credit account. Before taking the plunge, here a few things to consider.

Have you been tempted by a new credit card that offers incentives such as cash-back, airline miles, and travel points? These credit card reward offers might be attractive, but are they worth it?

If you’re running low on cash in your checking account, you might be tempted to use your credit card to withdraw cash for a quick fix. However, keep in mind that if something seems too good to be true, it just might be.

The number one way to ensure you use a credit card to your advantage instead of your detriment is to treat your credit card as if it were a debit card. Here, we tell you just how to do that.

If you find yourself going further and further into credit card debt each month, it might be time to develop new strategies for paying off credit card debt.