Another atrocious advice. Bankrupcy? There goes this person's chances to borrow a penny in like 15 yrs.  Calling your credit card companies is the correct thing to do but here in the US as long as you make a promise to make a monthly payment (even if its a dollar a month), credit companies cannot damage your credit. My advice is to make a monthly budget and divide that amount amongst all of your cards.  ... View more

That is the worst advice you can give someone. 1st of all you are never going to build credit history if you close your accounts. Your credit score weighs heavily on credit history so In that case do whatever you need to help you pay it off w/o using it again; psa: cut it up. ... View more