Comments on: Credit Card Debt? Gone!

By: Gordon Reeder

Gordon Reeder — Sat, 25 Apr 2009 03:13:19 +0000

Just a follow up to my March 31 comment. Income tax refund arrived! Last week actually. Since I had it directly deposited, I didn’t know it was there until I went to the bank today. It included a big EIC payment. Almost all of it went to pay down some debts. I paid most of the balance on the highest rate card. There is only $150.00 left and I can get that in a few months. A bunch of other misc. debts were paid down by about 30 – 40% of their balances. The card with the negotiated payoff also got a payment. But, percentage wise, it was not as large as the others. Well, every little bit helps.
Now, $8000.00 may not seem like much. But when you live paycheck to paycheck, it is. So dropping that debt to $5000.00 and plugging the 26% money hole is a big step.

So, Whoo! Hoo!
And keep on plugging away at your debts. I’m over here plugging away at mine.

By: Marcia

Marcia — Wed, 01 Apr 2009 03:06:24 +0000

Congratulations!!! What a weight off your shoulders your family must feel!

By: Gordon Reeder

Gordon Reeder — Tue, 31 Mar 2009 22:31:40 +0000

Good work!
I’m getting mine worked down too. I’m putting about $150.00 per month toward the cards. It’s not much, but I don’t have much. Of course, not using them also helps. I got my taxes sent in and I’ll be getting a big refund. I’ll be using a large part of that to pay down some debts too. Slowly but surely I’m getting there too. I’m still looking for a better job too.

By: N(euro)otje

N(euro)otje — Mon, 30 Mar 2009 16:44:52 +0000

Good work!
(Greetings from a frugal family in the Netherlands!)

By: Angie

Angie — Mon, 30 Mar 2009 12:29:10 +0000

Welcome to the club. Some people still look at me like I’m an alien when I say, “I don’t believe in credit cards” but I like being weird in that way. It was nice to know in this crazy time of credit card companies changing the rules on you midstream that I didn’t have to worry what might happen next.

Congratulations!