This is one of my most favorite topics. Why?
A credit card is either your best friend or worst enemy. Usually, nothing in between. If you are smart, a credit card is a substitute for cash. You get free money for 30 days, and you rack up points for using it (miles, hotel, cash back, etc)
If you are dumb, you are broke but you still keep on using your credit card to buy things you shouldn't be buying cuz you don't have the money. You make the minimum payment each month and the balance just keeps on getting larger. If this is you, you need help. Hope isn't lost, but you do need help. By paying the minimum balance, you are not keeping good credit, you are just being a good customer because the CC company has you on the hook forever. You need to cut up your cards and settle your debt.
How do I do this? See part 2.
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