| Article Index |
|---|
| How to stop using credit cards and starting to drown in your debt |
| Page 2 |
| All Pages |
How to stop using credit cards and starting to drown in your debt
1. Close credit cards
One call to your cardholder is all it takes to inactivate your credit card. You can easily quiet a nagging desire to use your card by thinking of the embarrassment you'll feel when the clerk says your credit card has been denied. Closing credit cards can have a negative impact on your credit score, so make sure you're not closing a card you should be leaving open.
2. Shred credit cards
Office shredders work just as well on that little piece of plastic as it does on your paper. If your credit card is in pieces, there's no way you can swipe it. Don't have a shredder? Scissors work just as well. Cut the card up into small pieces so the credit card number can't be guessed by identity thieves.
Take your credit cards out of your wallet before you go shopping. If you get the urge to buy something, you'll either have to use cash or come back for the item once you have your credit card.
4. Lock credit cards up.
The "out of sight, out of mind" approach might be the thing to work for you. Put your credit cards somewhere that takes effort to get them – in a safe, file cabinet, the bottom of the laundry. Keeping your credit cards out of your immediate reach will help control your "need" to use them.
- 21/12/2009 14:37 - China business events trade shows 2010 China International Exhibition for Kitchen & Sanitary Ware
- 03/12/2009 13:32 - which credit cards you should pay and how much you should pay
- 03/12/2009 13:29 - Do not close these five types of credit cards
- 03/12/2009 13:27 - Check your credit report periodically for errors to Dispute Credit Report Information
- 03/12/2009 13:24 - Get free credit reports online by phone
- 03/12/2009 13:16 - Ten best tips improving your credit card score
- 20/10/2009 06:33 - Consumer-friendly credit cards from community banks and credit unions during the recession Pentagon Federal Credit Union's Visa Platinum Rewards card
- 22/08/2009 07:56 - China banks' profit better than expected
- 16/07/2009 01:01 - China GDP growth is 7.1% in the first half of 2009 according to an Authoritative source
- 12/07/2009 14:48 - Obama and Treasury Secretary said a second stimulus plan is not needed this year
