Manage Your Credit
Your ability to handle credit will be influenced by many factors. Some of these include your income, your expenses, the interest rates on your loans, whether you have borrowed any money, any hire purchases that you have and your own financial administration. In managing your credit you have to determine whether you have taken on too much debt.

This can be seen by looking at the following:

  • Compare the percentage of your take home pay (your disposable income) which you need to pay your debts with, other than your mortgage and other monthly credit card debts.

  • If your debt payment, as a percentage of a disposable income, is 10% or less then you are considered conservative. If it is more than 20% you have probably over extended your credit.

How Do You Monitor Your Debt?

" The way to control your borrowing is th...

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