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August 27th, 2009 @10:26 am  

That’s a great post its rite that a credit card can be an asset to your lifestyle but if not handled carefully it can become a liability.

September 14th, 2009 @6:16 pm  

That’s a good list of advice you offered. I can’t emphasize how important it is to basically lock up your credit cards. As a college senior, I somehow racked up $3k in cc debt which felt more like $10,000 as a broke college grad.

October 19th, 2009 @6:01 pm  

I can attest to being in credit woes, hopefully I can use these steps to get out of debt completely.

rajguru Said,
October 26th, 2009 @3:49 pm  

Really It’s a Good Post and is useful for every one ,Now a days every one using the credit cards for every purpose and dealing with banks everyday but we don’t know the correct process or a good guide to support us when the problematic situations a raised. so in the above post everything is described by the author of the above post .
Thanks a lot for this helpful Post.

Bye

October 26th, 2009 @10:30 pm  

Gone are the old days where we buy things with cash. Banks advertise and offer us credit cards for us to use and store windows temp us to buy gorgeous things. I for one had an unlucky experience and it taught me a lot of hard earned lesson with credit cards. Not only the post above is true..it is very helpful. If you find yourself drowning with bills and credits cards, the best thing to do is stop using it and get a payment plan.. after that..its best to use cash with purchases and if u still want to use credit cards.. just have the right attitude and discipline in paying bills.

November 4th, 2009 @10:21 pm  

Step 1: Stop Using Credit Cards!

This has got to be the hardest step for me especially since i want to BUY all the time! But that is honestly the first step to help those who are in denial of bad credit. Thank you for this article. I will consider your detailed outline of steps to repair my credit. Thank you!

November 16th, 2009 @6:37 am  

I agree.

We need to be careful about these kinds of organizations.

Some of them are well intentioned, but in their “bargaining” they actually don’t do very much to lower payments, but do a lot to ruin one’s credit rating.

It’s always good to ask what kinds of strategies will be used rather than just signing up.

After the damage is done, it will be too late to claim that you had no idea that the firm was going to use those kinds of hardball tactics.

November 25th, 2009 @7:13 am  

Yes, it is surprising how an organization working as a non-profit can actually make your credit score worse.

I have an acquaintance who was for all practical purposes ruined by such an agency. They called all his credit sources and attempted to give them a very hard time. Some gave him a “deal” but dinged his record basically classifying him as a deadbeat.

He still has to pay a percentage of the debt he owes. And, as he pays, he is denied credit everywhere at the same time.

The worst of all possible worlds.

Billy Liu Said,
December 1st, 2009 @3:19 am  

thanks for good sharing of your experience, I can use these steps to get out of debt completely.

lg lcd tv Said,
December 2nd, 2009 @9:50 am  

I would add that you need to be very careful in terms of approaching some agencies which claim to improve credit rating or wipe out a bad credit history. The reality is that the mere association with one of this agencies could hurt your rating even further.

December 3rd, 2009 @3:02 pm  

Stop using credit cards? But how it’s not that easy! I’m horrible shopaholic… God help me

December 10th, 2009 @12:34 pm  

Great tips. I agree that the most important one is to forget the credit card, it is the major cause of bad credit on these bad days. Let´s hope the people realize of that.

Tim Lowe Said,
December 15th, 2009 @10:43 am  

The most important thing to do is not to bury your head in the sand. You must speak to your creditors, most of them will take reduced payments if you explain your circumstances.

BBB-10 Said,
December 19th, 2009 @2:19 pm  

Step 1: Stop Using Credit Cards!

This has got to be the hardest step for me especially since i want to BUY all the time! But that is honestly the first step to help those who are in denial of bad credit. Thank you for this article. I will consider your detailed outline of steps to repair my credit. Thank you!

December 24th, 2009 @11:40 pm  

Great, practical advice. So simple, yet requires so much discipline!

January 25th, 2010 @10:42 am  

HeHe
I agree alot with Vinceneti.
I have also been in that situation, and i still don’t get it.
Why are some people like that, judging and so.

February 16th, 2010 @9:25 am  

yes… people using credit cards should be very careful in handling them… it’s maintenance counts a lot.

February 25th, 2010 @6:09 pm  

Long time since I last came here, but it looks like you two have stopped blogging 🙁

Hope you get a blogging resurgance!

March 15th, 2010 @7:28 am  

Great tips. I agree that the most important one is to forget the credit card.

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