How To Really Manage Your Credit

Meet the world's most financially self-controlled man.

Pete D'Arruda says he has more than $300,000 in available credit, thanks to some 25 Visas, Mastercards, and individual store, airline and gas cards -- about $12,000 a card.

"It's not taboo to have a bunch of credit cards," says Mr. D'Arruda, a personal-finance consultant who has been building his credit trove for about five years. "It's about how you manage them."

Mr. D'Arruda, the founding principal of Capital Financial Advisory Group in Cary, N.C., and author of three personal-finance books....

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