Comments on: Good Bye Credit Cards

By: punky

punky — Sat, 11 Oct 2008 16:53:36 +0000

I only closed 3, a Bloomingdales, a care card for the vet bills, and a citi card that they already replaced with a better citi card because i wasn’t using it. I would have left hem open, But I moved and was afraid stuff was still being sent to my old house. I left the two cards ive had the longest open with a zero balance.
My day job is a credit manager…so I take my credit score very seriously.

By: Mimi

Mimi — Sat, 11 Oct 2008 01:00:37 +0000

That’s amazing – what a great accomplishment! Best of luck to you with keeping that up for a LOOOOONG time.
I always pay off my credit cards, but know the burden of debt.
Don’t worry about not buying too much…we all spend too much on clothes anyway, don’t we?

By: Crystal

Crystal — Fri, 10 Oct 2008 22:40:15 +0000

Congrats on ZERO debt, I hope to have that done soon also..
You should have stuck them in water and frooze them. Closing your accounts is the worst possiable thing you can do other than never paying your balance. It will automatically ding your credit score as closing your accounts. When companies look at your credit they are not looking at your report, they do not see the account was closed by you, they only see that it is closed. I would have kept the accounts as long as they did not have annual fees and just put those damn cards aside… Having them open and open for a long period of time shows that you are able to handle the credit you are given,you may want to see about opening at least one of them again in order to keep your revolving credit in good standing. In the future any new creditors will want to see that you have revolving credit such as a credit card. Mortgages are nice but they want to see the overall picture.

By: Adiel

Adiel — Thu, 09 Oct 2008 22:56:59 +0000

Hey, congrats! That’s quite a feat. If I was you, I’d be super proud and tooting my own horn all over the place. You’re inspiring me to reach that goal ever more quickly than has been planned.

By: punky

punky — Thu, 09 Oct 2008 19:15:21 +0000

Yeah, I’m a debit only girl now. Although my wardrobe has definitely taking a hit. I cant even remember the last time I bought clothes from anywhere other then a thrift store.

By: The Stiletto Effect

The Stiletto Effect — Thu, 09 Oct 2008 18:46:42 +0000

congratulations! i did that once too (but i had only one card) and i felt free

By: marta

marta — Thu, 09 Oct 2008 18:36:13 +0000

Good for you! I believe credit cards are from hell. I prefer to use my debit card because at least I know is my money and I don’t owe it to anybody and better yet, not worries about having to pay back.

By: punky

punky — Thu, 09 Oct 2008 16:29:43 +0000

This is a cute website to help with goals.
http://www.43things.com/

By: punky

punky — Thu, 09 Oct 2008 03:17:27 +0000

Thanks guys!
I’m super stoked!

By: Holly

Holly — Wed, 08 Oct 2008 22:22:36 +0000

A big congrats to you! That must be an overwhelming feeling. This was my plan for 2008 as well, I’m still trucking along, waiting for this day!