Consumers can use credit cards to pay for nearly everything, everywhere these days. But just because you can doesn't mean you necessarily should, warns credit reporting agency Experian.
3. Mortgage payments. Most home-loan lenders won't let you pay your mortgage by credit card but there are plenty of third parties who will gladly help with that — for a huge fee, of course, says Experian. And if you don't pay off your credit card balance at the end of the month, you'll compound your mortage debt and eat up a lot of your available credit — again impacting credit scores.
Had an employee who paid her entire college tuition on her credit card that carried 23% interest at the time! Insane and really foolish.
Duh.
wow, they figured that out all by themselves?
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