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: post by darkwor at 2008-10-28 16:17:31
i have 3 credit cards, i've managed them surprisingly well, treated them like borrowed money from a loan shark as everyone should...they've saved my ass many times, i paid for my last semester of school with one and that investment paid off i guess...i plan to have them zeroed in a year or so. a "credit card meltdown" would only affect getting a new card or raising limits..they can't raise interest rates too much because they would get even less of a return.

plus the new laws protecting credit card holders http://commonlaw.findlaw.com/2008/05/fed-proposes-ne.html
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