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How much debt do you have ?
You Get New credit in 7 years, BUT ,Can you pay all your debt off in 7 years?
Do a word search in Bible on Usury ( interest).
Paying the minim on your cards is less than smart.
The minim really means is FREE CASH FOR the FAT cat, interest only is the minim.
I know one guy who had a credit card with only 2000.00 limit, but after a while with all the fine print, fines, over due charges, and membership fees, and fines and changes, he now owes them 4000.00.
4k and he has also paid the minim payment for 4 years. After the math we did, he has already paid them 3000.00 and still owes 4k more on a 2000.00 limit card.
How is having Credit cards CLOUT, or impressive.
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