reestablish credit

How to use credit cards wisely in order not to pay back?

May 4, 2009 - 3:54am | Articles | Plastic cards
How to use credit cards wisely in order not to pay back?

My dad has at least eight credit cards in his wallet, with a $0 balance on about six of them. The balance on the other two is around $50 in total. But he tells me that the credit limit for all those cards combined equals around $15,000! So, why he doesn’t use them more often, when clearly he could use the money? His answer: “I don’t want to have to pay all that back.” And that is how credit cards should be used. 


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