What are some of the strategies that can help you use credit wisely? Pay your entire balance during the grace period. Pay at least the minimum payment and more whenever possible. Don’t overspend money. These are 3 important strategies when using credit wisely to stay out of credit debt. The IRS might start auditing you if you are not careful. The IRS is the world's largest financial institution, responsible for processing federal tax returns and collecting revenue for the United States government. If you are spending only what you know you can pay back without a problem you avoid debt and being audited.
