Acceptable Uses Of Credit
Home Tell a Friend! Contact ICFE Link Exchange Search ICFE Subscribe ICFE About the ICFE
ICFE News Releases ICFE in the News Children and Money Financial Education Personal Financial Counseling with Paul Richard, RFC Credit Card Tips Credit File Correction Mending Spending Links and Resources Order Options
ICFE Provides Financial Education, Continuing Education Credits, CEUs, CEs, Free Credit Repair, Bankruptcy Education and Financial Planning for All Age Groups.

Acceptable Uses Of Credit:

Written by Paul Richard - Institute of Consumer Financial Education, Executive Director
 
bullet Home mortgage
bullet Automobile
bullet The purchase of an item that will long outlast the period of debt incurred to buy it, and that in addition lowers other costs. Example: using credit to install storm windows and insulation in your home, which in turn lowers heating and cooling costs.
bullet When the purchase is a neCEUssity and not a luxury.
bullet When it costs no more money to charge.
bullet When it helps your income tax return.
bullet When you may need protection on a repair or a purchase (auto, applianCEUs, mail order).


When Credit Cards Are Bad:

bullet Constant temptation to OVERSPEND.
bullet Nonessential items purchased.
bullet Impulsive spending increases.
bullet Payments are late or only partially made
bullet Facing bankruptcy.


When Credit Cards Are Good:

bullet Good identification (required for cashing checks and most car rentals))..
bullet Safe substitute for cash.
bullet Automatic record keeping.
bullet Consolidates many purchases into one payment.
bullet Saves money when you can take advantage of a good sale.
bullet Orders can be placed easily by mail or phone.
bullet You have leverage against the merchant when a problem arises. Your dispute/claim will get prompt attention when the merchant knows your payment can be delayed or disputed.
 

To Order Financial Education Books, Videos & Tapes:
Click Here for Order Options (Online, Fax, Phone)
California residents add 8.75% sales tax
Visa, MasterCard or American Express Accepted
call 619-239-1401 fax 619-923-3284 OR or send check or money order to:
Institute of Consumer Financial Education
P.O. Box WWW-34070
San Diego, CA 92163-4070
Printable Order Form
Note: The Institute of Consumer Financial Education does not make names available to third parties

Up Next

 
Home ] ICFE News Releases ] ICFE in the News ] Children and Money ] Financial Education ] Resource Center ] Credit Card Tips ][ Credit File Correction ] Mending Spending ] Links and Resources ]  [ Online Store ]

Copyright 1997 - by Paul Richard
and the Institute of Consumer Financial Education, All Rights Reserved.
View our
Privacy Policy Our Terms and Conditions

Institute of Consumer Financial Education
PO Box 34070
San Diego, Ca 92163
Paul Richard, Executive Director
Phone 619-239-1401

FAX 619-923-3284

Questions for www.icfe.info Click to go to Website Contact Us or 
Website Design Donated by Body Wraps Fresno