If you are having any kind of issue with credit card debt or problems with too many cards and lines of credit, it can seem a bit overwhelming at times. Such issues can be stressful to deal with and it can be a bit confusing figuring out where to turn or what to do. The good news is that there is always hope when it comes to credit card situations.
Being able to manage your credit cards is mostly about simplification and building up good financial habits over time. If you are having problems keeping a lot of cards and lines of credit separate, then cutting down on the total number of cards that you have is a good idea. You are going to ideally want to have one or two credit cards to use.
Please note that cancelling a card does not take care of unpaid credit issues. Therefore, pay off cards in full and then cancel them in order to avoid penalties there. Use your remaining one or two cards for all of your purchases, and try to pay them back promptly. Doing this will not only simplify things and make it easier to keep track of your finances, but this will also be a viable way to improve on your credit score.
Improving your credit score and getting all of your lines of credit under control are both great goals, and if you can combine them then that is even better. When it all comes down to it, a lot of people run into problems because they grab cards and lines of credit and think that it somehow equals more money. Instead of doing that, being consistent and careful with credit cards will lead to better financial power. Try it out! It is a very effective process overall.