Taking a look at your credit reports can really be a eye opener at times. It gives you a signal that you should stop spending and start saving. I mean, I really did have a bad time taking bad stuff out of my credit reports over the past two years. My reports were so bad, no lender was even ready to give me a loan and the ones who agreed gave it to me at a hefty interest rate. A reason why I could not fund my business project. I was in need of a loan back them real bad, but the bad shape of my reports did not give me a chance to get that loan. Now after 2 years I just reordered my 3 credit reports and they are clean. I congratulated myself on achieving this. But what is the point now? My reports were not clean when I needed them to be. I did take a decision back then to cut down on my spendings and to ensure that I never got into this situation ever again.

First thing I did was cancel all my credti cards. I just kept one but never really used it. I always carried enough cash in my pockes to pay for food and shopping. And I took the money out using my debit card. That itself took care of half my financial issues. I had a tough time cancelling these cards though as they had debt accumulated on them. I had to clear them working my ass off. Just an advice to all of you out there. Do not use your credit card unnecessairly. This plastic card looks cool, but can lead to really uncool situations

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