Study

Manage or Damage Credit

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  • Paying bills on time. Manage or Damage?
    Manage
  • Using a credit card to buy things you were going to buy anyway. Ex. Gas, Groceries, etc. Manage or Damage?
    Manage
  • Maxing out my credit limit. Manage or Damage?
    Damage
  • Applying for 5 credit cards at the same time. Manage or Damage
    Damage
  • Instead of paying of my balance on my credit card, I get a new credit card and transfer my balance over to it. Manage or Damage?
    Damage (Lateral debt moving), now this could be manage if you plan to pay it off before the 0% interest balance period ends.
  • Using a credit card to make a big purchase. Ex. TV or furniture. Manage or Damage?
    Damage (if you can't afford to pay the balance off)