Congrats man!
It's hard to buckle the belt I KNOW but you will be so much better off without that looming over your head every month.
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Congrats man!
It's hard to buckle the belt I KNOW but you will be so much better off without that looming over your head every month.
damn 24.99% , that seems like it should be against the frikin law . hell even vinny bag of doughnuts would have given you a better vig than that . congrats on paying that sucker off .
[Beer]
Congratz!
Congrats!
We've been working on our dept as well, after a fun-filled 2 weeks of working 72+ hour weeks doing somebody else's job (while they were on strike), We just paid off the last 2 cards from when my wife had her store racking them up, as well as re-fi'd the mortgage to 4.75%
good feeling to get that off your back...[Beer]
Congrats! This past year I buckled down REAL hard and last month finished paying off a mountain of CC debt I piled up during/after college (young, dumb, full of...). Such a great feeling.
Great going. You're doing fantastic. I know it can be hard to maintain the self control but for me it was very satisfying to not owe anybody.
Be prepared for your credit rating to go in the crapper. If you aren't paying interest to someone they penalize you by lowering your credit rating number. It makes it hard to get a loan if you do need one. My credit rating went down below 600 because I didn't owe anybody anything for over 10 years. You may want to check with some experts about what you can do to keep your rating up if you anticipate eventually borrowing to get a house or something.
Hang in there and keep it up.
I used to work for Barclay, mostly when they were still Juniper Bank and before I moved out here. Not quite as evil as most credit card banks...Quote:
Originally Posted by Ridge
But I also just knocked out my last CC balance last week. Since I use it constantly for day to day stuff, I haven't been able to hit exactly zero yet, but I'm definitely in the zone where it's paid off every 2 weeks. Not down to zero debt (besides the mortgage) since I still have a small second mortgage and a car payment left, but getting so much closer. If we behave, we'll be in great shape this time next year.
Awesome! I started getting into debt when I was 19, paid everything off and do nothing but cash ever since I was probably 24. The only debt I owe is my house, but I figure if I don't have enough cash to buy a car then I don't need it. It's amazing how freeing that feeling is that you never owe anyone, it has also dictated the direction of my life and career because like everyone else I want the nicer things in life so I work hard and sculpted my career to afford me those things without credit cards.
Good work, you are going to feel SOOOOOO free soon!
sounds like you're going right back at if if you want to run out and buy something the first time you have no CC debt. how about saving some cash instead of spending it?
Well someones gotta stimulate the economy! But no, seriously, I keep a buffer of cash that would help me in case of an emergency or a couple months without income.