Please be considerate and understand that not everyone is like you. For example, I dont travel, so I virtually have no need for a credit freecredit Nevada card for hotels or car rentals.
I already bought a house, so the credit score is pointless to me. I would rather cancel the cards than risk pulling myself back into debt. Its freecredit Nevada all about whats best for your personal situation, and only you can make the best decision for yourself. This article was freecredit Nevada obviously not intended for you, so please dont insult the post because it isnt tailored to freecredit Nevada your likings. @David Credit scores are used in many areas of freecredit Nevada your life. Having a good credit score can actually save you freecredit Nevada money on insurance. Also, I have heard of employers looking at potential employees credit score. I dont think thats right, but for many reasons, your credit score remains important. There was recently freecredit Nevada a post on this on freecredit Nevada the simple dollar. free credit score and report After seven years, his past history will dissappear and then his credit score freecredit Nevada will take a hit.
Im not saying that he should keep credit cards, but that not freecredit Nevada enough time has passed to know freecredit Nevada the real impact. Ill try to write a follow-up article about why we *did* cancel the cards even after getting to the point where we could easily control them. Its simply too big of a discussion for a follow up comment here. A couple have asked *if* we plan on using credit again at all.
We dont plan on borrowing again (but arent so hardcore that plans couldnt change eventually). As for emergencies, if there were a true family need freecredit Nevada or medical need, wed do whatever it takes to handle that. check my credit score Wed easily go into debt or use credit for things of that nature. The specific emergency would dictate our priorities then. Lastly, #8 Adam, can you explain your comments on hotels? Are you talking about a high-end chain or placing a reservation that you can cancel? Ive bought my fair share of accommodations of all price ranges in several countries over the last 12 months. Ive never once had and issue or a hold placed on my account (doesnt mean it freecredit Nevada doesnt happen of course). As I pointed out in the freecredit Nevada article, my credit score hasnt gone down much at all. Im not sure what effect canceling credit cards really has. Like the hotel/debit card situation, Im thinking it may be over-hyped. Another related freecredit Nevada data point: At one time I had heard Suze Orman advocate not using credit cards at all for a few months before applying for a mortgage. So, I did that when I freecredit Nevada first applied for my first mortgage. As a result, the fact that I had absolutely no outstanding debt at that time was raised as a concern by freecredit Nevada the lender (although I was approved). free credit report from government From my experience working freecredit Nevada in public accounting for 20 years. While many say that they pay their cards off every month, most people are not disciplined enough to do this.
Most people run their personal financial affairs without a budget. Even people who for most of their lives are very good with their credit fall into the credit trap when pushed into a corner.
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