Comments on: Of Debt and Anger http://www.astoryofdebt.com/2010/01/of-debt-and-anger/ Thu, 27 Oct 2011 04:40:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MinD http://www.astoryofdebt.com/2010/01/of-debt-and-anger/comment-page-1/#comment-108 MinD Fri, 15 Jan 2010 17:55:45 +0000 http://www.astoryofdebt.com/?p=232#comment-108 I find it better to cut up the cards once you make that decision to no longer use them and pay them off. Sure, you can hide them in the house or freeze them in a block of ice, but they're still sort of accessible. Once you cut it, it's gone. For me, that's a HUGE weight off my shoulders knowing I can't use them even if I wanted to. I find it better to cut up the cards once you make that decision to no longer use them and pay them off. Sure, you can hide them in the house or freeze them in a block of ice, but they’re still sort of accessible. Once you cut it, it’s gone. For me, that’s a HUGE weight off my shoulders knowing I can’t use them even if I wanted to.

]]> By: LizSara http://www.astoryofdebt.com/2010/01/of-debt-and-anger/comment-page-1/#comment-104 LizSara Wed, 13 Jan 2010 11:08:18 +0000 http://www.astoryofdebt.com/?p=232#comment-104 Wow, do people who pay off cards really still get angry with the companies that let them have them? Surely they realise it's only they who can be blamed for the spending? I would definitely cut it up and cancel the account. Avoids temptation and so long as you have at least 1 account active and running (which you still do with your other Visa) then your credit history will be grand. It will also help you in the future if you need to take out any other finance to show that you are a responsible payer and can clear balances. I don't know if it is the same in the US but in England credit checking companies look back over the past 6 years of your credit history to get a picture of your finances Wow, do people who pay off cards really still get angry with the companies that let them have them? Surely they realise it’s only they who can be blamed for the spending?

I would definitely cut it up and cancel the account. Avoids temptation and so long as you have at least 1 account active and running (which you still do with your other Visa) then your credit history will be grand. It will also help you in the future if you need to take out any other finance to show that you are a responsible payer and can clear balances.

I don’t know if it is the same in the US but in England credit checking companies look back over the past 6 years of your credit history to get a picture of your finances

]]> By: steph anne http://www.astoryofdebt.com/2010/01/of-debt-and-anger/comment-page-1/#comment-102 steph anne Tue, 12 Jan 2010 16:36:14 +0000 http://www.astoryofdebt.com/?p=232#comment-102 I thought about cutting mine up too and cancelling it but then my Mom who's an accountant told me not to since it's best to leave the account open so it builds up your credit history since you need a history when buying a car or purchasing a house, etc. Even the oldest credit card is the most important thing that lenders look at when checking your history. I know cutting up a card doesn't have anything to do with this but sometimes you need it when it comes to credit history check. I have mine all in a ziplock bag stored in the house so I won't use it. Here's an article I found about this: http://credit.about.com/od/toughcreditissues/a/closecards.htm I thought about cutting mine up too and cancelling it but then my Mom who’s an accountant told me not to since it’s best to leave the account open so it builds up your credit history since you need a history when buying a car or purchasing a house, etc. Even the oldest credit card is the most important thing that lenders look at when checking your history. I know cutting up a card doesn’t have anything to do with this but sometimes you need it when it comes to credit history check. I have mine all in a ziplock bag stored in the house so I won’t use it.

Here’s an article I found about this: http://credit.about.com/od/toughcreditissues/a/closecards.htm

]]> By: phampants http://www.astoryofdebt.com/2010/01/of-debt-and-anger/comment-page-1/#comment-101 phampants Tue, 12 Jan 2010 16:02:10 +0000 http://www.astoryofdebt.com/?p=232#comment-101 I'm proud of you I’m proud of you

]]> By: Jordan http://www.astoryofdebt.com/2010/01/of-debt-and-anger/comment-page-1/#comment-100 Jordan Tue, 12 Jan 2010 15:07:30 +0000 http://www.astoryofdebt.com/?p=232#comment-100 I think that's probably a good decision. And don't be too embarrassed; people make mistakes, and largely they understand when others do the same. I think that’s probably a good decision. And don’t be too embarrassed; people make mistakes, and largely they understand when others do the same.

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