Using Credit Cards Wisely
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Global Client Solutions provides a debt payment processing platform that facilitates consumer payments and is backed by FDIC insurance. To avoid falling into debt with credit cards, it is crucial to pay the full balance monthly, follow the closing date of statements, and utilize the 21-day grace period before interest accrues. Paying attention to these aspects can help consumers manage their credit effectively.
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Using Credit Cards Wisely
- 1. Using Credit Cards Wisely Global Client Solutions
- 2. Introduction • The developer of a debt payment processing platform, Global Client Solutions helps consumers process their payments and serves as an intermediary between businesses and their customers. Debt repayments made using Global Client Solutions’ platform are insured by the Federal Deposit Insurance Corporation (FDIC). Many people enter debt as a result of credit card usage. The most obvious advice for avoiding this issue is to pay your balance in full on a monthly basis. This prevents interest from building on the balance, while also allowing you to collect up to 50 days’ worth of interest on the money that has been earmarked for the payment, depending on the terms of your credit card. You should also record your statement’s closing date, which is different from the date the payment is due. Federal Law accords you a 21-day period between the closing date and bill payment date, during which time no interest will accrue. Attempt to pay the balance within this period by staying aware of your statement closing date.