Kerry Hannon Close Quotations

If your standard of living is going to drop, you've got to pay real close attention to things like your credit rating and staying ahead of unsecured debt such as credit cards. That will be worth its weight in gold down the road.

Inform the companies in writing and call them as well. Tell them you want the accounts closed and that you are not responsible for charges from that point, period. Then make sure you have a credit card open in your name alone with Visa or MasterCard, one of the major revolving cards. A department store card isn't enough.