SD'ing all cards

[Anonymous]

With all the CLD's, RJ's, closing of cards, etc,etc, etc., I am ready to sock-drawer them all and just let happens what happens.  I am not in the market for credit or purchasing anything within the next 2 years.  Until all this economic situation gets settled down and we all know where we stand, it is depressing and frustrating trying to keep up with it all on a daily basis.

[Anonymous]

While your plan sounds good on paper, remember some companies are taking AA when you don't use their card.

[score_building]

don't let it get you down Sayre...with a cu, regional bank or oddball card(s) you'll weather the storm like a trooper.  use other cards for small purchases and pif.  the pendulum swings back, you'll see

[Anonymous]

thank you for those words of encouragement!

[MarineVietVet]

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@Anonymous wrote:
With all the CLD's, RJ's, closing of cards, etc,etc, etc., I am ready to sock-drawer them all and just let happens what happens.  I am not in the market for credit or purchasing anything within the next 2 years.  Until all this economic situation gets settled down and we all know where we stand, it is depressing and frustrating trying to keep up with it all on a daily basis.

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I'll tell you what I do. I use each of my cards to pay a different monthly recurring bill by automatic bill pay. One pays my gas bill, water bill, etc. That way I don't have to keep up with which card I need to use this month or quarter to keep it active. This method works very well for me.

Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".

[torry590]

odball cards? Name a few, I would really like to know some.

[Anonymous]

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@Anonymous wrote:
With all the CLD's, RJ's, closing of cards, etc,etc, etc., I am ready to sock-drawer them all and just let happens what happens.  I am not in the market for credit or purchasing anything within the next 2 years.  Until all this economic situation gets settled down and we all know where we stand, it is depressing and frustrating trying to keep up with it all on a daily basis.

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Just make sure you do whatever it is you need to do keep all your trade lines open. Do that and you will be fine.

[score_building]

there are any number of cards less visible than the ubiquitous (major) issuers', several offer rather favorable terms and cs compared to some 'big boy' products from amex, boa, chase and citi.  they can often be good back up or primary instruments.

http://www.guidedogs.com/site/PageServer?pagename=landing_visa

http://www.nsbank.com/personal/bank_cards.jsp

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@torry590 wrote:
odball cards? Name a few, I would really like to know some.

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[Anonymous]

This current situation is really no different than an IRA or 401k retirement account.  The values fluctuate and have ups and downs, but in the long run if you keep to a good conservative strategy you will win.

If you fail to use your cards, then you may create the very situation you fear:  CLD or closure.

Therefore, just use them in a conservative manner, PIF and never max/over limit.