Shred Your Credit Card…Fa la la la la, la la la la!

What is in the air this holiday season? I am feeling especially festive right now so I decided to break the news in a little song. haha! Maybe I had way too much fun coming up with ‘Twas the Night Before Christmas! Then again, I could have had too much eggnog, but who cares.

The important thing is that I’m sharing it with you. 😉

I was recently asked to be a part of something I couldn’t say no to. Actually it was more like I injured myself just trying to respond.

Okay, I didn’t really injure myself but I will say the email had me at “Shred Your Credit Card!” Lending Club and Perkstreet Financial have come together to “be a part of a different movement.”

All I can say to that is “ALL ABOOOOAARD! Choo-choooo!”

They’ve started a site called where they’ll be giving away a pretty nice prize for the winning video. So fill up one more glass of eggnog and sing along.

Please vocalize to the tune of Deck the Halls…now. 🙂

Shred Your Cards

Shred your credit cards and be merry,

Fa la la la la, la la la la.

The alternative is much too scary,

Fa la la la la, la la la la.

Perk Street and Lending Club provide incentive

Fa la la la la, la la la la.

Go make a video that’s inventive.

Fa la la la la, la la la la.

A thousand dollars to the winner,

Fa la la la la, la la la la.

Your debt load will soon be thinner,

Fa la la la la, la la la la.

Follow me in declaring freedom

Fa la la la la, la la la la.

They’re just cards — YOU don’t really need’em

Fa la la la la, la la la la.

Free yourself from financial strain,

Fa la la la la, la la la la.

Jump on board this debt free train,

Fa la la la la, la la la la.

Sing we joyous, all together

Fa la la la la, la la la la.

Heedless of economic weather

Fa la la la la, la la la la.

Seriously now. Go get out of debt in 2011 — while your at it record it! It’s time to take control of your life and your freedom! No one is going to do it for you! It’s completely up to you but you have to take a giant step in a completely new direction. This is that direction and the time is now!

I’m only yelling because I care… Think of it more like an aggressive nudge. 😉

Some will say this isn’t for everyone and they’ll be right. It’s not. But it is for those of you who are spending more than you make. Some of you probably went out and had a Credit Card Christmas — a dirty word in my house. If you’re able to pay the bill by tonight to avoid paying interest, to each his own; but if you’re not, it’s time to start thinking radically different. It’s time to be extreme; to forge a different path!

It’s time to do something important like Shred Your Credit Card!

Walk an easier path, starting today! A path I know to be extremely awesome because I am on that path right now. It’s nice! We haven’t had a credit card in my house since 2008 and we do not plan on changing that. We enjoy our freedom from it and do not consider it a “must-have” financial tool.

While I openly admit, and have toned down my view on credit card use, I still believe it’s a risk worth side-stepping if you can. My family could, so we did. 🙂

Are you ready to make that winning video yet? Check out this video entry!

Shred Your Credit Card Contest Details

Here are the details of the contest straight from

What do you get when PerkStreet Financial and Lending Club get together? A simple solution to ditching your credit cards once and for all.

Millions of Americans will set out to dump their reliance on credit cards in the new year, and millions will fail. So PerkStreet and Lending Club are creating a microsite ( to help them band together over what will certainly be some compelling videos of credit card’s being destroyed.

Entries and votes will be accepted from December 15, 2010 through January 29, 2011, and PerkStreet and Lending Club are giving away a GRAND PRIZE of $1,000 to the most popular video submitted on January 31, 2011 — which we’re declaring Shred Your Credit Card Day.

The most creative shreds will also receive cash prizes amounting to $900, and top vote-getter per week will also be awarded a $50 gift card throughout the submission and voting period (6 Weeks).

Let’s Get It On in 2011!!

How To Participate

Here’s how you can participate and possibly win:

  • Cancel a credit card. (Make sure you disguise your credit card number in your video, just to be safe.)
  • Film yourself talking about why you’re done dabbling with debt this year, or record the most creative way you can think of to destroy your card.
  • Submit your video to Be sure to choose Bible Money Matters as the site that referred you to win our special prize.
  • Vote for yourself EVERY DAY and encourage others to do the same on Facebook and Twitter, or via email.
  • Check every Wednesday through the end of January to see if you’ve won a weekly prize.
  • Visit on Shred Your Credit Card Day (Jan. 31) to see if you’ve won the GRAND PRIZE ($1,000) or any of the Second Place prizes ($300 each).

Contest Prizes

Here’s what you could win if your video ROCKS:

  • $1000 grand prize on 1/31/2011 for the video that gets the most votes overall.
  • $300 second prizes on 1/31/2011 for the most creative overall submissions. (selected by Lending Club and Perkstreet)
  • $50 prize every week until 1/31/2011 for the top vote-getter of the week.
  • $25 prize on 1/31/2011 for my favorite Enemy of Debt reader submission.

How To Win

It’s pretty simple, there are only two ways to win this contest.

  • Get votes for your submitted video. Ask others to vote for you. The most votes wins!
  • Be creative in your shred. The more creative you are in shredding your card, the more likely you are to be chosen as a winner!

Now stop reading and go get creative! How are you going to Shred Your Credit Card in 2011?

I look forward to hearing from the new YOU!

About Brad Chaffee

One Response to “Shred Your Credit Card…Fa la la la la, la la la la!”

Read below or add a comment...

  1. Yeah! Cut them up and pay them off and leave the credit cards alone!!!!!

    I’d also like to update everyone with some insider info that needs to be shared. If you close your credit card account before you pay it off. You’ll be considered as an “Adverse Customer”

    Your interest rate can increase as much as 10%-20%. In their tiny disclaimers that were re-released after the new credit card act 2010. The credit card company’s are not in the business of loaning money to non-customers.

    So if you choose to no longer be a customer they can either call your entire balance due in full within 30 days or if you can’t pay they can change your balance to a Tony Soprano x 10 loan (these are my words).

    The New Strategy I’m having my clients use is to continue cutting up their credit cards but keeping the accounts open and aggressively paying them down and off.

Leave a Comment...


This site uses Akismet to reduce spam. Learn how your comment data is processed.