Taking a look at your credit reports can really be a eye opener at times. It gives you a signal that you should stop spending and start saving. I mean, I really did have a bad time taking bad stuff out of my credit reports over the past two years. My reports were so bad, no lender was even ready to give me a loan and the ones who agreed gave it to me at a hefty interest rate. A reason why I could not fund my business project. I was in need of a loan back them real bad, but the bad shape of my reports did not give me a chance to get that loan. Now after 2 years I just reordered my 3 credit report and they are clean. I congratulated myself on achieving this. But what is the point now? My reports were not clean when I needed them to be. I did take a decision back then to cut down on my spendings and to ensure that I never got into this situation ever again.
First thing I did was cancel all my credti cards. I just kept one but never really used it. I always carried enough cash in my pockes to pay for food and shopping. And I took the money out using my debit card. That itself took care of half my financial issues. I had a tough time cancelling these cards though as they had debt accumulated on them. I had to clear them working my A** off. Just an advice to all of you out there. Do not use your credit card unnecessairly. This plastic card looks cool, but can lead to really uncool situations 
Tags: Finance Credit Reports Credit Report Credit Score Personal
