No 1 Mistake (Not to do): You withdraw Your Credit Cards driven by sheer discontent

You make contact with credit card companies to cancel the cards. This could be a grand way out to stop payments, but could ground for immense damage to your credit score. Because it sends negative vibes to credit bureau. So withdrawing your cards isn't the solution. But you call them the company to ask them to settle up you up with a payment plan. If you can uphold a steadiness which is not more than 25% of your credit limit, credit score will get better.

For rest of the article check part 2 & part 3