credit limit

How to Manage Your Credit Limit Effectively?

Effective management of credit limits involves:
- Regular Monitoring: Keep track of credit utilization and ensure it remains within the limit.
- Budgeting: Implement a budgeting strategy to plan expenses and manage cash flow.
- Timely Payments: Make payments on time to avoid penalties and interest rate hikes.
- Avoid Unnecessary Credit: Use credit judiciously and avoid accumulating unnecessary debt.

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