Kimbery Credit Counselings Blog
Thursday, April 15, 2004
Freezing Debt
Once your debt is identified, your main goal is to keep it from getting worse and prohibit a barrage of new charges appearing on your statement. An easy and quick way to do this is the time-honored adversarial divorce technique of cutting off the credit cards. But, prior to taking that step, it is important to inform your spouse The way to do it is to call the number on the back of the card. But, keep in mind; you probably won't be able to cut off your spouse without cutting off yourself. If you and your are cooperating with each other (and remember, most spouses do), see if you can't agree on a card or two that will remain in effect for designated purposes subject to designated limits on spending.
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