Tuesday, November 21, 2006
Using part of the severance pay received from last job, I plunked a good portion into paying off my credit card bills. Years of accumulating debt, paid at last. And given the advise from the venerable Marketman re: the risks of identity theft and loss of credit card on the part of the consumer (check out his posts re: shittybank), I decided to make the most of my new freedom and cut up the cards. We don't have credit history in this country. Makes no sense to have P200,000 or more on one's card when it's not even helping us get loans or improve our standing with the banking system. All it does for me is make me think I have money when I don't.