Credit.com's resident Credit Expert John Ulzheimer appeared on CBS Channel 2 this morning in New York to talk about holiday shopping and how to avoid debt this holiday season. John shared some advice on protecting your credit scores, shopping tips, and identity theft protection:
Protecting Your Credit Scores
- Avoid retail store credit card offers
- Use cards with higher credit limits to protect your credit scores
- Don't spread balances across multiple cards
Shopping Tips
- Plan ahead and check pricing online
- Stick to a shopping list and avoid impulse purchases
- Stay away from crowded retail days
Identity Theft Protection
- Review your bills
- Use a shredder
- Pay with cash
- Keep a close eye on your card with clerks and waiters
- Monitor credit reports carefully
To hear John expound on these points, here's the clip:
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I would certainly agree with your ID Protection Tips. I would also suggest that folks be very careful with these bank debit cards that pose as credit cards. Remember they are a form of direct access to your cash.