Bangalore: Money plays a very important role in all our lives. For many people saving money plays a key role, but for others, investments looks like the best option. Ultimately the aim is to save money.

In this fast moving world and hectic lifestyle, people highly depend on credit cards and loans that help them maintain their financial stability and well being.

“Economic Times” has listed out few Tips on how to handle debts.

1) Your first credit card

Handling credit card debt must be the first experience that most people have had. Infact, it is the most expensive one, so it’s always better to pay your bills on time.

In the beginning it’s always better to opt for credit cards with low interest rates so that it will help you to maintain a good credit score.

Quick Tip:

Ensure to fix a certain amount that you can afford to pay every month. If you feel that you are facing trouble while handling credit cards then it’s better to stop at the earliest, to avoid negative credit score.

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