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WHEN TO HOLD 'EM & WHEN TO FOLD 'EM



CREDIT CARD: PROS

CREDIT CARD: CONS


  • Using credit cards responsibly helps build a good credit record.

  • When looking to buy a vehicle or a house in the future, you will more than likely need to finance through a bank or lending institution.

  • By paying off your monthly credit card payments and always paying on time, you will begin to build a solid credit history. This shows lenders that you are a good credit risk.


  • A credit card is a way to loan you money, and you need a way to pay it back. Just making the minimum monthly payments or paying late can lead to higher interest and more fees.

  • Many people get caught up in the “buy now, pay later” attitude. This however can lead to racking up a lot of debt.

  • Opening multiple credit accounts to save money off your initial purchase can hurt your credit score in the long run. You cannot close an account to remove it from your report.

  • Before making a purchase on credit, ask yourself, "Do I really need that right now, or do I just want it?"

Business Services
Emma B. Lommasson Center
Room 236
The University of Montana
Missoula, MT 59812