More Credit Cards Chopped!

I have always said that the first rule of holes applies really well to debt.

You know what the first rule of holes is, right?

When you are in one, STOP DIGGING! 

Well, I have had some great things happening during recent financial counseling appointments.

People have taken substantial steps to STOP DIGGING holes as they step toward Financial Freedom!

Want proof?  Here are some pictures!  A HUGE round of applause for these people who are taking action to change their lives!


Have you STOPPED DIGGING yet?  If not, what will it take?  A job loss?  A pay cut?  A broken car transmission?  A huge medical bill?  Bankruptcy?

If you have stopped digging, send me pictures of your chopped up credit cards (or filled in Pay-off Spectaculars – found in the TOOLS page) and I will post the pictures! 


  1. Moneymonk on May 21, 2007 at 8:50 am

    The thing with credit cards is that people always say I have one just for emergencies but they never use them for that purpose.

    If you ask people what was the last thing they bought on their cc? I doubt if most remember. Most cc uses are for convience items, not for emergencies.

    The only thing that will stop people from digging is when their card is maxed out.

  2. -joe d. on May 21, 2007 at 6:07 pm

    Love it! Love it, love it.

  3. Brigette on May 22, 2007 at 5:33 am

    I went to credit counseling (CCCS in Greenville) 4 years ago when I was totally maxed out on 6-8 credit cards. As of this fall, I will be completely debt free except for one student loan! No car loan, no credit card payments, and no real financial stress in my life. Man, does it feel great!!

    Thanks for encouraging people to live financially responsible lives.


  4. Deanna on May 22, 2007 at 9:50 am

    Quick question regarding paying things off….I have some charged off debt from 5+ years ago that I’ve slowly been working toward paying off – I was young and stupid and got way in over my head. I still have several items showing on my credit that haven’t been paid yet.

    Should I work toward paying off the things that I have that are current (ie, Student Loans, etc.) first, or should I work on the negative debt that’s affecting my credit score?? We’re working toward building a house within the next 5 years, and I want to make sure that I’m taking care of things in the proper order. Thanks for taking the time.

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