Sin 7 “Wallet full of cards is acceptable” |
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Be warned, the more credit cards you have does not generally mean good news for your credit file. Each time you transfer your balance, the new card company will put a record on your credit file, so it could look to borrowers that you are financially unstable and unable to control your finances.
When you move to a new card, always ensure you close your old card account with the Company. This will ensure the account shows as closed on your credit file.
So...with all these sins do you really want to keep your credit card debt?
Taking steps to avoid the common credit card traps will help you take years off your debt - MyDebtCruncher could also help you banish your credit card debt. Take control today.
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