New Year Credit Resolutions 2006

Happy New Year!

Now is the ideal time to take a good look at your finances after that hectic, expensive Christmas and New Year period. This months credit card statement could be a bit depressing. Never Fear though, Card Wise UK will steer you in the right direction and offer you some advice.

It may be the ideal time to switch to a 0% card, either for new purchases (hit the sales!) or to transfer the balance from your existing card. Always make sure you read the small print before using these features though, to make sure you are eligible.

If you do decide to switch credit cards, make sure you work out how to pay off your existing debt and stick to this plan. You do not want your debts spiraling out of control or you could get into trouble later on down the line.

A good way to track credit cards is if you use digital banking online, many banks offer you to be able to see your credit card balances and transfer money from your bank account to pay off the card.

It is vital you are careful, because as 0% balance transfer offers become more popular, credit card companies exact more restrictions and controls on these deals.