Originally Posted by Brad
Originally Posted by Steelhead
I'm assuming you have already destroyed and/or canceled every card?


Derek, there's plenty of good advice here BUT, DO NOT, ABSOLUTELY, CANCEL CREDIT CARDS you've had for over 1.5 - 2 years... keep those lines of credit open. Freeze the darn things is a block of ice and put them in the freezer if you must, but canceling lines of credit you've had open for years will harm your credit score. Your credit score is your friend. Leverage is essential when used wisely, and your worst enemy when used unwisely as you know.




That is absolutely rediculous advice. If I were you, I'd first of all get a 2nd job and apply all of that to the credit card debt, after having destroyed all of my credit cards (debit cards are) OK. I'd pay cash for everything, make a written budget, and have the discipline to stick to it.

It is irrelevant what you think. What matters is the TRUTH.