There are a number of credit card wealth secrets that will help you to manage your debt effectively and to build your credit history. Let�s first look at the credit card wealth secrets about building your credit history. One of the important credit card wealth secrets in this category is the fact that only positive credit activity helps to build your credit history. If you have any negative credit history activity that can prove is erroneous, you can use other credit card wealth secrets � the ability to dispute the negative activity on your credit report. You can file a dispute with three major credit bureaus for any record on your credit history. Use these credit card wealth secrets and you will be on your way to a great credit history.
If you have a lot of debt and would like to eliminate it or pay it off in such a way that you save some money, you can find several credit card wealth secrets for this situation too. One of these credit card wealth secrets is the ability to settle the debt. You can negotiate with the credit card companies or collection agencies and settle your debt for about 60 percent of the total amount. As you can see, this one of the credit card wealth secrets that helps you to save a large amount of your money by paying off only a part of the debt and closing your account after that.
Another one of the credit card wealth secrets is the ability to consolidate your debt. With this credit card wealth secret you can negotiate a lower annual interest rate with your credit card companies and find a credit management company that will consolidate your debt so you have to make only one monthly payment instead of several of them.