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A good comment from someone jogged another area where you need to have a look at your financial resume and that is in the usage of your credit cards, and do you have them under control?

When I first graduated from University for the first year or two I actually carried a balance on my credit card (yes, hang my head in shame, but no one ever taught me about this stuff, if they had, I wouldn't have done it honest). Now it wasn't a large balance, but it was enough to be a drag on my life. This was a mistake but I learned from my mistake.

I no longer carry balances on credit cards, and ensure I never have to pay the high interest rates most credit cards charge, so that is a good thing, I'll give myself a green star for that one.

I do however have FAR too many credit cards. I went to the Canadian Credit check folks and got a list of all the folks who have open credit files on me (with zero dollar balances) and it is scary. These things are dangerous because:

1. Fraud on these accounts is more likely, just because there are a lot of them
2. I have access to this credit, and quite frankly, I don't trust myself on impulse buying or worse still fooling myself into some bizarre get rich scam, which causes me to draw on these credit facilities.

I need to get rid of all of the credit facilities and cards I do not need, so black mark on me for that one too!

On your financial resume, include a short term debt section and how you deal with it, and whether you think it is under control, which is important. If your short term debt is out of control, it will effect (affect?) your long term debt eventually. --C8j

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