My motto on credit cards is simple: Cut them up and pay them off. The concept is so straight forward that I don't spend much time writing about it. Recognizing that many others are in the process of either paying off these debts or still developing their own personal financial strategies I have included these links that I have found to be informative and thought provoking. Please don't forget the comments as they are often a valuable source of stating the pros and cons of any given topic.
http://onemoneydesign.com/blog/2010/09/10/should-you-transfer-credit-card-balances/
http://www.quizzle.com/blog/2009/10/10-common-credit-report-credit-score-myths/
http://freefrombroke.com/2010/08/surefire-tips-renegotiating-credit-card-debt.html
http://www.getrichslowly.org/blog/2010/08/06/do-credit-cards-steal-from-the-poor-and-give-to-the-rich/
http://finance.yahoo.com/banking-budgeting/article/110929/15-times-when-you-shouldn%27t-use-your-credit-card?mod=series-m-article-c
2 comments:
Your motto is my motto. I still have one credit card but it's paid off every month.
Yes, I can see having the one. It can be difficult to do certain transactions, especially online with none. And, keeping it paid off each month you are doing great!
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