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How Your Credit Card Can Ruin Your Finances

How Your Credit Card Can Ruin Your Finances

<p>Besides all the convenience they provide, credit cards can still lead to some dire financial situations if you're not careful. Some spending can result in racked-up interest on missed or spread-out payments or <a rel="noopener noreferrer" href=" target="_blank">damaging your credit score</a> in the long run. But even on a purchase-to-purchase basis, choosing to swipe or tap could create some more immediate money issues you'd probably want to avoid.</p>
<p>"There's a saying that credit cards are like power tools: They can be really useful, or they can be dangerous. It all depends on how you use them," says <strong>Ted Rossman</strong>, <a rel="noopener noreferrer external nofollow" href=" target="_blank">senior industry analyst</a> at Bankrate.</p>
<p>What can you do to improve your finances? Here are some ways that your credit

card could be ruining your finances.</p>
<p><strong>READ THIS NEXT: <a rel="noopener noreferrer" href=" target="_blank">Never Use Autopay for These 6 Bills, According to Financial Experts</a>.</strong></p>
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