A personal victory

[Ridge]

Just sent $803.83 in to Barclay, the bank that holds my credit card. Racked up $2500 in debt on it a few years ago paying for school and occasionally stupid shit I should not have bought on credit.

This payment zeroes out my balance, which I had been working on since January as my New Years promise.

I've got another card with a little over $1000 on it left, but at a much more reasonable rate than the 24.99% Barclay had been pushing on me since November, which spurred my decision to work to pay it off.

Feels great. Got a few items about to be sold (EOTech rifle optic and my camera) which will go a long ways to paying off the other one.

Got a loan I gave to a friend coming back soon as well, which I think will pay off the balance of that card, and the rest I might use to buy myself a toy (maybe a tax stamp for my AR)

Sorry for the long post, but it feels fucking amazing to get that weight off my shoulders.

[DFBrews]

Just sent $803.83 in to Barclay, the bank that holds my credit card. Racked up $2500 in debt on it a few years ago paying for school and occasionally stupid shit I should not have bought on credit.

This payment zeroes out my balance, which I had been working on since January as my New Years promise.

I've got another card with a little over $1000 on it left, but at a much more reasonable rate than the 24.99% Barclay had been pushing on me since November, which spurred my decision to work to pay it off.

Feels great. Got a few items about to be sold (EOTech rifle optic and my camera) which will go a long ways to paying off the other one.

Got a loan I gave to a friend coming back soon as well, which I think will pay off the balance of that card, and the rest I might use to buy myself a toy (maybe a tax stamp for my AR)

Sorry for the long post, but it feels fucking amazing to get that weight off my shoulders.

congrats. paying something off is a great feeling

I fucked my credit when i was 19-20 and it still has not recovered been a brutal process

[blacklabel]

Congratulations.

My fiance and I are trying to figure out how to get out from under all of our debt and it's not a fun thing to contemplate.

[Byte Stryke]

Congratulations!

[Drilldov2.0]

Nice work.

Credit is just a way to make you poor. Pay them off and use a debit card.

Find some good resources here on finances. (www.daveramsey.com)

Took me a long time to learn my lesson.

[Not_A_Llama]

Congrats, and keep at it.

Since I know this will degrade into a tips thread, I'll kick it off. I don't know if you're in the situation or not, but I see a lot of my friends who have credit card debt, and are still "investing" in the stock market. Credit card debt comes first - it's a guaranteed 20% hit against you, vs. a 10% maybe return in the stock market.

My perspective:

Use credit cards whenever possible, but never buy anything you can't afford in cash
->You will never carry a balance month-over-month
->The credit card company will work for you
->I make 3% on my spending every year

Credit is for real estate and vehicles, and ideally not vehicles.

[Irving]

I had a Barclays card as well. Congratulations!

[Sharpienads]

Congrats!

The wife and I are just starting our debt snowball. If we can stick with it, we can be totally debt free in about 8 or 9 years. That includes our two cars and a mortgage, saving us tens of thousands of dollars in interest.

+1 for Dave Ramsey. He is a great source for financial info.

Good luck!

[jplove71]

Find some good resources here on finances. (www.daveramsey.com)

This right here is a HUGE +1.

[Dr_Fwd]

Nice!