Three Basic Rules for Credit Cards

13 Oct Three Basic Rules for Credit Cards

Larry Burkett’s three basic rules for credit cards are:
1. Use your credit cards only for budgeted items.
2. Pay your credit cards off every month.
3. The first month that you find you cannot pay off your credit card bills, destroy your credit cards.

If you believe you must have credit cards, Larry Burkett’s three rules are rules to live by.

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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.

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