Watch for mailings that will highlight changes in your credit account. Creditors are legally obligated to give you 45 days of notice prior to any policy changes. Review the changes, and determine if it is still to your benefit to keep your account. If you do not like the changes, resolve to paying off the account and closing it. Once the statute of limitations passes for certain kinds of debt, collection agencies and creditors cannot legally threaten to sue you for old debts. The statutes vary by state, usually ranging from 3-10 years. Consult a credit expert about the statute of limitations on your debt. Avoid paying on old debts.
Taking small steps towards growing your personal finances can add up quickly. Forgo that daily stop at the cafe and make your own coffee instead. By doing this you can save around $25 a week. You can save money by taking the bus to work instead of driving. That saves you money on gas and car maintenance. This money will accumulate and you can use it for your retirement fund or for a good investment. That will help you out a lot more than the store-bought cup of joe. Using a credit card is an awesome idea, rather than using your debit card, which has no added benefits to it, like a rewards program etc. If you get approved for a credit card, stick to using it on essential items, such as groceries and gas for your car. This will probably earn you credit card rewards, which means you could get cash back.