Cutting Up Your Credit Cards, Yikes!
Written by the Editor on May 23rd, 2007 in Credit, General, Debt.
After you have consolidated all your debt into one payment, what is the next thing to do? The wise move is to cut up your cards and then just pay off the loan. So how many people actually do that? Having a clear credit card in your wallet is too tempting a thing to have now you are under the illusion of it being clear. Typically we’ll hang on to it just in case of emergency. This will only lead you back to having more credit card debt along with a debt consolidation loan payment.