No more credit cards

Last night I called and cancelled all of my credit cards. Well, all except one. We decided that we are going to keep one for EMERGENCIES ONLY!! I am going to call and have the credit limit reduced though.

Here's an example of one of the conversations:

AMEX lady: May I ask why you are cancelling your credit card?

Me: I am calling and cancelling all my credit cards tonight.

AMEX lady: So you are going to only be a cash customer?

Me: Yes.

AMEX lady: Wow I'm impressed!

Me: Thanks!

I guess AMEX doesn't really get many calls like that!

This is what FPU was about last night. The lesson was called "Dumping debt." It was about all the myths and truths that there are about credit. It was pretty interesting. He popped a balloon every time he said a myth and the last balloon was HUGE and it was full of money. It was kinda neat to see what people believe (myths) and what is the truth.