In the world of credit card marketing, underwriting isn't about your income or your assets. The basic underwriting criterion for extending credit to you is your general credit score. Its helps you take responsibility for your debts in a truthful and proactive way certain to restore your dignity and self respect.

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As business gets more competitive, more global, more technologically driven, it gets easier for others to compete with you. It gets harder to be successful by just doing ok. It gets harder to launch a good product and enjoy the benefits of your innovation for a long time without serious competition. Finance can prepare something that looks like a budget and in many companies that's what happens. A company might instead have a chief financial officer who performs or oversees the finance functions for the company and oversees the company's accounting activities. Larger companies will usually be fairly precise about their organization and are likely to have distinctly separate departments reporting to the CFO.

Finance will likely be responsible for treasury activites, often under an executive carrying the title of treasurer or vice president for finance. The accountants maintanin the accounting software, process all the paperwork that documents transactions that have occurred, and record them into the company's general ledger.

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Using a credit card is an important responsibility. A good credit record help you get a job, make major purchases, and accomplish many short and long term goals. It's important to know how credit can change your spending power and how you can recognize the danger signs of credit and avoid serious problems. The disadvantage of credit use is losing financial flexibility in managing your money. Credit cards can reduce your future buying power if you carry a balance and let finance charges build up. Credit card companies require a minimum payment each month

If you pay only the required minimum payment, it can take a very long time to clear your balance. To get rid of your debt you need to plan how you want to do it. Once you pay off a bill, next month add the amount you've been paying to the check you write your remaining creditors. Once you have a plan, you are on your way to reducing your debt

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Now that you're a college student, you've probably heard from a lot of credit card companies offering you what seems to be a great credit card deal. While having and using a credit card wisely is a common tool to build a good credit history, falling into a credit card trap can ruin your credit for a long time. Credit card companies have been successful in aggressively marketing credit cards to college students. It's no secret that paying off credit card debt can be diffult. The more you owe, the harder it is to get out of debt. And with credit card debt, paying your way out can be very expensive. Good credit can open doors for things like renting an apartment, getting a loan for a car, or even buying a house. Bad credit can put even the most basic essentials out of reach and make borrowing money more expensive

Whether you're considering your first credit card, or you've been around the credit card block, here are some tips you can use to build and maintain strong credit and make a credit card work for you.

• Beware of the hard sell, freebies, and the easy credit traps,
• Not all credit cards are created equal. Shop carefully. Make sure you understand all of the credit card's terms
• Some cards are worse than others.
• Use your card wisely
• Keep things simple by carrying only one credit card
• If you get into credit card trouble, get help

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