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Topic To many cards & balance transfering bad
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By struxness
On 11/02/01
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I have about 6 cards and I use a couple of them frequetly and the others for emergencies. Should I close a few of them. I aslo rotate my cards so my apr is always Low. Is this a bad Idea?
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By dolby digital
On 11/06/01
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i have so many credit cards with the balance of 6000 what will you avise me i don't have a job right know i am unployment i am collecting uneployment insurances i am afraid that i might not be able to make the payments on time because i have a $500 rent the month i just have enought to paid the rent nothing left to buy food or some other needs will you help me to get some help to solve my problem or give me some ideas what should i do i have being trying to get a job but even the is kind of hard to find especial with what the country is going threw a lot of people have being put on laid off
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By colin
On 11/06/01
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You should try to pay the minimum due ontime. If you can get through this tough period without damaging your credit you will be in much better shape later on. If you don't think you can make it call Debt Counselors of America. >http://www.dca.org Phone: 1-800-680-3328
Good Luck!
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By colin
On 11/06/01
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If you can keep track of the 6 cards and always pay you bills on time, having that many accounts should not be a problem. Also, rotating cards is not a bad idea-- It saves you money!
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your questions are answered by the gromco team and card users like you
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