Farmer: What can I do if I run into any issues? Like what if I am having trouble paying back the credit?
Informer: You can call your financial service provider to discuss your weaker repayment capacity and ask how to manage your outstanding repayments. For example, if you have a home loan, you could ask the financial service provider about renegotiating the terms and conditions of your loan. Therefore, it is important to manage your spending habits.
Farmer: How do I manage my spending habits with a credit card?
Informer: To use credit effectively, it is important to keep track of what you earn versus what you spend. Taking on too much credit can result in great financial difficulty and stress. Always review the monthly statement that the financial service provider will send you to monitor your spending.