1. Cut up all of your credit cards except the one credit card with the lowest interest rate.
2. Rank your credit cards by interest rates and pay off the highest interest rate credit cards first.
3. Do not finance any vacations, cars, appliances, clothes or electronics using a credit card. Only pay cash for these items going forward. If you can’t afford to buy these items new, buy them used.
When you payoff your credit cards, your credit score will be over 800.
Do you agree?