Though credit cards offer convenience, among other advantages, they also come with risks. They often entice people to spend money that they don’t have on things they cannot afford. That’s why, as a nation, we are billions of dollars in credit card debt.

The most dangerous mistake that people make with their credit cards is paying late. Late payments, whether the result of forgetfulness or an inability to afford to make them, cost you dearly. Not only do the result in large fees, but they end up on your credit report for years, lowering your score and making it harder to get a loan.

Read this article for other dangerous mistakes and how to avoid them.

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