« How do I get 25K to pay off my ex-wifes credit card debt FAST? | Main | Can I consolidate my credit card debt into a home loan? »
How does it feels to be credit card debt free? and should I close my account now that I payed off?
By CreditWiz | November 4, 2009
geeks_gadgets questioned:
Finally I paid my credit card. It is feeling excellent. Should I cancel my credit card account and stay debt free? or what?
Finally I paid my credit card. It is feeling excellent. Should I cancel my credit card account and stay debt free? or what?
Topics: Debt Help |
November 5th, 2009 at 1:26 am
you should use the card in moderation and pay your balance off every month and it will greatly improve your credit and you will pay zero interest
November 7th, 2009 at 12:23 am
No-leave it open, if you close it it will lower your credit score. If your worried you might use it- freeze it in ice, stupid but if you have to un-thaw it it makes you reckon twice about using it. You also need a cc to rent a car, or reserve a hotel room so keep it and congrats on being debt free!
November 7th, 2009 at 6:31 am
keep it but use total control ,hardly ,do what I do go to your huge mall and keep buying 200.00 of mall gift cards used that for dinner etc
feel super free……
November 9th, 2009 at 2:53 am
If you have discipline the best thing for your credit score is to use the card and pay off in full every month.
If not keep it open, but cut up the card.