David Koch on whether you should get a credit card.
Make a plan to pay off your credit card every month.
ITS time to disappoint the banks and become a deadbeat.
While it may sound like an insult, the term deadbeat is used in the world of finance to describe someone who pays their credit card in full and on time every month meaning the banks cant make any money off them in interest payments.
According to an analysis by Credit Simple, more than half a million Aussies failed to pay off their credit card balances in March, leaving $32 billion in accrued debt with an average of $4200 per cardholder.
The credit score website is urging Australians to become deadbeats. It says paying off your card on time will help improve your credit score, which…
Read the full article at: http://www.news.com.au/finance/money/budgeting/why-you-should-become-a-deadbeat/news-story/c833f457d07ac9c374c192866270ddb1