Tower Loan Reviews: Tips On Credit

Tower Loan reviews are positive in their reaction to the credit tips the company provides on its website. Tower Loan offers sound advice about establishing and maintaining a solid credit rating.

Members of the Tower Loan team says that people who are just establishing their credit should get started by applying for a credit card for a gas station, from a department store, or a major credit card like Visa, Mastercard, or American Express.

Tower Loan reviews agree that this is a good first step. The Tower Loan team says you should be sure to pay your monthly credit bill on time and pay off your debts quickly. It's a bad idea to borrow more than you can pay off in a short time period. Borrow only for the things you really need and can afford.

Tower Loan Reviews are also positive about the recommendation that you not use credit cards to pay for basics like groceries, utilities, and medical bills, unless you can pay the bill in full every month. They say not to depend on your credit card when you don't have a job, because your debt will quickly grow and put you in a financial hole.

The Tower Loan reviews agree with the advice that you have to be honest with yourself, and avoid using credit if you have bad spending habits. And they say you should never max out your credit limit. And don't use your credit cards, they say, if you have a hard time making payments or if you have tendency to make late payments, because it will only work against you in the long run.