Cutting up credit cards!

MoBi · U POSTER Joined: 08 Feb 2008 Posts: 38

My sister has poor self-control when it comes to using credit cards. She has about $21,000 total debt on five different cards. Evil or Very Mad

It's gotten to the point where she is tapped out and soon will be unable to make the payments.
She decided tocut up the cards. Is it the best way to act in this situation? Question

Voffka · Joined: 17 Dec 2007 Posts: 17

Hehe, I wish you could solve your problems like that! Cutting up credit cards will help her to stop using them, but it won't pay the debt. Is she still keeping up with her payments though?

The problem with credit cards is not their physical presence, it's one's mental absence! Sad

Get her some professional help.

creditmix · U POSTER Joined: 07 Feb 2008 Posts: 55

Dear MoBi ,
Tell your sister that cutting up credit cards is not the solution for debt elimination. She has to know how to manage her spendings and organize credit payments.
What does she really need to do is to put her credit cards away and start payment plan. First of all, she has to do do payments more than minimum. It should help.

DanV8 · U POSTER Joined: 06 Dec 2007 Posts: 31

But if you gonna do it, do it right Smile

[link] - YouTube on cutting credit cards

malina · Joined: 04 Feb 2008 Posts: 25

Cutting up credit cards???!!!!
They not gonna work any more after this act of vandalism!
Yous sis is better to cut up on her appetites. Belive me, I know how hard to keep out from spendings, especially for girls. Every day you find something new that you want desperately.
Woman advice: STOP shopping!!! Find different entertainment for yourself, like sport for example.
Then you will be free from credit debts and your credit cards will be "happy"! Wink