Personal Finance and Money Management

Credit cards can be a major pain in the neck. With annoyances like payment dates, interest charges, and annual fees, it’s easy to become fed up.

So after years of headaches, you’ve decided to do away with credit cards once and for all by destroying your credit.  While we here at Creditnet would strongly advise against this decision, this is America, so who are we to stop you from doing what you want?  In all honesty, you’ll be happy to know that despite spending all those years garnering an excellent credit score, demolishing it can be easy as pie.

Put simply, your credit score is basically a figure that quantifies your trustworthiness for lenders offering financial products like credit cards, mortgage, or auto loans.  So what are the easiest ways to have these institutions view you as an unreliable, delinquent, and irresponsible person?

Follow these three easy steps, and you’ll never be able to finance a car, house, or any other major purchase ever again!

3 Fail-Safe Ways to Destroy Your Credit

1.  Ignore Payment Dates

This one is easy.  You know that guy that shows up late to every meeting and misses every deadline? This is your

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Black Friday is just around the corner!  And whether that conjures up feelings of intense excitement or the urge to lose your lunch, the fact is you’ll probably spend more time over the next few months than any other season wandering through crowded malls and surfing the web for the perfect gift.

To an identity thief, this means one thing—extra opportunities to nab your credit card information and put a real damper on your holiday cheer! So be a smart shopper this year and take some additional precautions to protect yourself from identity theft and ensure your bank accounts, credit reports and credit scores stay safe and sound.

Try these 4 quick tips to get started:

1.) Choose credit over debit. Unli

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Millions of UK motorists face the issue of rising fuel prices following the 1p increase in fuel duty, which took effect from October.

This is compounded by the fact that the cost of a litre of unleaded petrol is expected to rise by a further 2.5p with the VAT increase, according to the AA.

Mark Huggins, director of AA Financial Services, observed that the cost of fuel has risen by nearly 11p per litre over the past year, adding 23 to the monthly petrol bill of a two-car family.

However, he suggested that the AA’s Credit Card can help keep the cost of motoring in check.

“Using the AA Credit Card for all fuel purchases helps to combat these increases in cost,” he remarked.

Mr Huggins added: “In addition to the introductory zero per cent on purchases for ten months, the card earns double points on the purchase of fuel, including that bought from supermarket filling stations while AA members earn points at twice the rate of non-members.”

Thanks to the credit crunch, the recent economic recession and the rising cost of education, student debt is more prevalent than ever. Between credit cards and student loans, many graduating seniors will have as much as $50,000 to $60,000 in debt that has to be repaid.

Here are a few strategies that can be used separately or together to curb your debt and get you on track to financial stability and better quality of life.

1) Get a free debt consultation.

There are tons of services such as Credit.com’s free debt consultation service that match you up with a licensed and certified financial professional. W

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