Avoid Payment Holidays - Always
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Once you’ve been paying off a credit card for a while, you might be offered a ‘payment holiday’. You’ll get a letter, saying that since the company knows it’s difficult for some families around Christmas (or whatever other excuse they think up), they’re offering you a month off from paying, as a ’special present’. This can be a benefit when you have an unforeseen expense that throws out your monthly income and expenditure balance. In some cases if you are sufficiently in advance on your…
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