No. of Recommendations: 0
Dear Credit Card Bind:

First, line up all your credit cards. Pick one, lock it in the deepfreeze and use only for emergencies. Next, take a pair of scissors and cut the other cards in half. Now, pull out all the bills, look at the balances and the interest you are paying. Keep making the minimum payments except on the one with the smallest balance. Pay a little extra on it till it is paid off. Take that payment and add it to the payment of the next smallest. When that is paid off, take that payment and apply it to the next up the line. In the meantime, DON'T PUT ANYTHING ON CREDIT!!! Once you have gotten the payments under control, don't use the card unless you absolutely have too and pay it off when the bill comes in. Pay cash for everything you can. If it isn't a necesity, and you don't have the cash, save for it. DON'T USE THE CREDIT CARD for everyday purchases.
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