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  1. at my bank i have 2 credit cards. One that i use and one that i never use. The amount available on the unused card is over 10,000.00
    I have asked several times to have that card cancelled but they keep telling me that it would not help my credit rating to do so. Since i don’t use and haven’t used it in over a year I believe that having that card is not helping me. I read once that it is not the total owing on cards that counts but the total available that is part of your credit history. Should i insist that they cancel this card? Does it do anything to my credit score having it?

  2. If you have room on a lower interest credit card or line of credit would you recommend transfering balances from higher interest cards to a line of credit with a lower interest rate and have only one payment per month rather than making smaller payments on two or three cards?

    1. Sounds like a plan to me as long as you check to see if there are any charges for the transfer and as always read all the fine print. Ultimately I would talk to your financial advisor or bank for professional advice but if it were me I’d look into it. Cheers

  3. Good post. My husband is retired, has a disability, and is in ill health so there’s no question about who works at our house! We’re fortunate that he has a pension because, when I was ill myself and unable to work for almost a year, we had to live on that money. We know now that we can do it, but it’s very difficult. Far better when we have both his pension and some earnings from whatever job I’m working at. 🙂

    1. That’s great that you know that you can do it but with effort. The most important thing no matter what anyone says is that they need to budget. Even if someone thinks “why bother” I owe more money than I make, what’s the point. That’s the biggest point. You have to know exactly where your money is going and where it needs to go each month. You also need to know how much more money you would need to make to pay the bills each month. You and your husband seem you know the path and what to do. Keep at it. Cheers Mr.CBB

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