lowered my credit limit, but having 2nd thoughts ahhh

[Greebo]

If you cancel the accounts, it will hurt your credit score.

Personally, I like DR's approach - I'm aiming for the same. A FICO of 0.

[ladykemma2]

this thread makes me chuckle. here's an analogy

people new to AA do a sweep of the house and get rid of everything alcoholic and alcohol paraphernalia, including listerine, nyquil, and vanilla extract. when i was new to AA i was terrified and very respectful all things alcoholic, including vanilla extract. alcohol had burned me bad. this is just like Dave saying cut up all the credit cards for good.

In AA you have the "big book thumpers", men (usually) who are hard line drawn in the sand about what is right and wrong in the aa program and if it ain't in the book, then don't do it. greebo is a dave ramsey "big book thumper". AMEN ! for the big book thumpers - they get a lot of people sober.

but other people don't run their recovery that way...

now that i am 17 years sober, i allow vanilla extract in the house. why? i use it to bake. No, I'm not going to drink it. This is like my choosing to have a credit card for travel.

i am debt free, so is the poster. making an informed decision to keep a credit card with a limited balance is like an alcoholic with solid recovery deciding to keep vanilla extract in the house. She knows the risk. now if she were deciding to keep RUM in the house or taking out a HELOC to go on a vacation, we would be having a different discussion.

the person recently badly burned by the credit cards/alcohol is militantly stating NONONONONO you can't have vanilla extract in the house!!! like someone new in AA recovery, greebo is very new to financial recovery and he is exactly where he should be on his financial spiritual journey. wendy is older/farther in financial recovery and is exactly where she should be on her financial spiritual journey.

Honor where each of you are on your respective paths in your financial recovery.

[Wendy99]

well said ladykemma2