Credit cards are an important part of life.

You often need one to book a hotel room or rent a car.

They can also be handy for impulse purchases and emergency cash needs.

Most people use their cards within their credit limits and at least pay the minimum payments on time.

With comprehensive credit reporting now being used by most of the major financiers, banks and credit card companies your payment behaviour is now shown on your credit file.

If you pay on time it is great as there is a checkable record on your credit file.

The downside is if you don’t pay on time this will have a negative impact on your credit file.

If you are have multiple credit cards and wish to consolidate them into one repayment call  1800 100 100 or apply at www.loans123.com.au.

Check your credit file and credit score for free at www.freecreditreort.com.au.