Credit Card Crunch Survival:
What To Do After You Cut Up The Cards

The most common way to reduce credit card spending is to cut them up. This does eliminate the urge to pull them out on impulse, but it doesn't completely solve the problem in our advanced society.

The current credit card crunch is inspiring many people to cut up their credit cards and toss them in the trash can. People have been taking out the scissors in an effort to reduce their total debt for centuries but in our technologically advanced society you need more than scissors to erase the ease of using a credit card on impulse.

It is true that not having the card in your wallet will make it impossible to buy that blouse at Sears or take your coworkers out for drinks before payday, but it does nothing to stop you from buying that book you want from Amazon or ordering the blouse from Sears.com. In today's world a lot of shopping is done right at home over the internet, so you must think beyond the physical credit card if you are serious about escaping the credit card crunch with less debt.

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The first thing to do after you cut up your cards is to go to every online shopping site that you have ever made a purchase from and erase your credit card information. Most sites will give you the option to store your information for the ease of future shopping occasions, but you no longer want to utilize that option.

All you have to do is find a link from the main page of each site that says "my account" or something similar. Sign in and erase any credit card information stored at each site. If you no longer remember your sign in information there will be a smaller link to click and have it emailed to you, usually after answering a couple security questions you set up when joining the site.

If you have made purchases from websites without signing up for an online account then your credit card information should not be permanently stored for future use and you don't have to do anything about those sites. The goal is simply to eliminate the option of giving into temptation and using a credit card you have already cut up.

The last thing you want to do during a credit card crunch is close any of your current lines of credit. Leaving them open will boost your credit rating as you pay them off, giving you a much greater chance of securing future credit should you need a loan for emergency expenses or decide to make a large purchase, like a home. Leave the credit card accounts open and cut up the plastic as well as the virtual cards.

If you have an account with PayPal or similar online service, you should delete the credit cards from that account as well. This one may be harder to do if you regularly shop online or if you sell on auction sites such as EBay, but it needs to be done or you will continue to use those cards even after they have been snipped in half. There is no point in cutting back spending in stores if you continue to overspend on the internet.

Beating the credit card crunch is possible, and when financial matters start to look up you could very well be in an even better position than you are right now. If you are looking to buy a home or will need a new car in the future, it is absolutely essential that you take action to improve your credit rating right away.

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