Going Over Your Credit Limit is Possible – At a Cost

Between penalty fees, plummeting credit scores and getting caught in the debt cycle, exceeding the limits on your credit cards can come at a high cost. For some, the solution is to increase your credit limit, but more often than not it’s a better idea to rein in spending – which is exactly what Jeffrey Schwartz recommends to Creditcards.ca.

Check out Jeff’s comment about Going Over Your Credit Limit and what you need to know about taking your credit cards to the max.

If you find yourself caught in the credit card debt cycle and want to get off the treadmill, take a look at Consolidated Credit’s free publication, All About Credit, to learn how to use credit to your advantage.

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