Credit cards are quick and easy to use, but can be dangerous to your budget. In 2006, the Federal Reserve estimated that Americans were carrying $2.387 trillion in consumer debt. $875 billion of this debt was revolving credit, including credit card debt. Credit cards can have advantages if used correctly, but if used poorly they can quickly ruin your budget and plunge you into debt.

• Credit card facts
• Know your rights
• Know your limits
• Pay on time
• Know your interest rates and fees
• Keep in contact with your credit card company
• Use your credit card appropriately
• Limit the number of credit cards you have
• Routinely check your credit report
• Get help