Sunday, October 4, 2009

When good credit card strategies go bad

OK, we know don't put porn on plastic. Same way with booze, casino cards and even purchases down at the thrift store. Credit card companies in this recession are watching our spending patterns to see if any changes might suggest we may be bigger credit risks.

But what about inflicting damage on our credit scores the old fashioned way? recently ran a list of five ways wealthy people mess up their credit. They are things that any of us can do and probably have at some point.

Now it turns out that even going on the financial wagon can be a bad idea, reports Erin Joyce in a recent post to Even though some new, more consumer friendly credit card rules will be kicking in soon, staying out of trouble is still our best bet, advisers say.

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