Tips for Managing Your Credit
Once you get credit:
If possible, pay your entire bill each month. If you can’t, try to pay more than the minimum payment. This will reduce finance charges and total interest paid.
Pay on time to avoid late charges and to protect your credit. If you can’t pay on time, call your creditors right away to explain the situation. They may be willing to forgive late charges or to make different payment arrangements.
Always review your statement every month to check your transactions. Call your creditor right away if you suspect that a mistake was made in your statement.
Ignore offers your creditors might make to “reduce” or “skip” payments. You will still be billed for finance charges during this period.