but I still have my Credit

If you are just now realizing you have a problem as your entire paycheck seems to go to make minimal payments on your credit card balances, you are in one of the best possible scenarios for someone in serious trouble. That is to say that while you may be in a very bad predicament, yours will be substantially easier to overcome than many others.

What to do with all those cards

Most credit counselors will tell you to cut your credit cards in little pieces just to make sure you cannot and do not use them to put yourself even further into debt. While that is certainly an option, it would be best utilized by people who are incapable and unwilling of helping themselves and who have already resigned themselves to some unforeseen and often unreal fate.

Be strong, be committed to making your life better and do what you set out to do and this will not be necessary. In case you actually are working for an attainable financial future, you will not only want, but actually need those credit cards at a later date. Any you let get cancelled and any that you destroy will not only be difficult to replace, but reflect even more poorly on your credit reports.

By all means, quit using them at all until you have your credit and your financial situation back under your own control. Put them in a drawer, put them in a safety deposit box or put them somewhere that they can remain safe until you have your debt under control. Do not destroy them unless you have already given up on your future.

If you want to get not only your debt, but your credit and your finances under control, you need to make a plan to get out of debt first. Keeping the cards offers many benefits that would not otherwise be available to you. While the effects will be different depending on how you go about reclaiming your credit, if it is done properly, you will come out of the situation with your credit intact and ready to use.

For those people who have already used the entire available limit on the credit cards, rest assured that the credit card company loves you and will work with you. You are the one who they are making money on and they will not likely want to lose you as a customer as long as you pay at least the very minimal balance.

Paying the minimal balance on any of your credit cards will not get the debt paid off in any hurry but it is a necessary part or rebuilding your credit and reestablishing your credit rating. Your credit rating will not even suffer noticeably if you do it properly.