After you pay off credit card debt
Credit card debt is a huge problem that is being faced by a lot of people who have been irresponsible and undisciplined in the use of their credit card. Though some might have landed up with credit card debt due to some unfortunate event/emergency in their life, most people carry a credit card debt due to their wrongdoings (i.e., improper usage of their credit card debt). There are a lot of ways to pay off credit card debt, and a lot of people do achieve this feat (i.e., can pay off credit card debt). Surely, to be able to pay off credit card debt is an excellent achievement in itself for not everyone can pay off credit card debt. It takes a lot of discipline, restraint, planning, and perseverance to pay off credit card debt finally. However, there is more to paying off credit card debt then just being able to pay off credit card debt.
Here we are talking about life after you pay off credit card debt successfully. As mentioned before, of all the people that try to pay off credit card debt not everyone can pay off credit card debt, i.e., there are some failures too. However, some people fail after they have succeeded in paying off credit card debt. These are those people who let themselves loose and go on a spending spree as soon as they pay off credit card debt. Soon, these people again land up with a credit card debt and are still trying to pay off credit card debt. So, it’s not enough to pay off credit card debt; it’s equally important to maintain a debt-free status even after you pay off credit card debt; only then can you enjoy a stress-free life in the world of credit cards. So learn your lessons well and do not let yourself loose on the path to another credit card debt. Most of the rules that you followed when you were trying to pay off credit card debt will also hold good after you have paid off your credit card debt. Here is a quick synopsis of things that you should take care of even after you pay off credit card debt:
1) Do not overspend. Yielding to the sale offers for something that you don’t need, is a big mistake that leads to overspending
2) Always remain within 70% of your credit limit.
3) Make credit card bill payments in time and in full.
4) Don’t hold more than two credit card accounts (two are enough for anyone)
These are fundamental things; you can add more based on your own experience and knowledge.