My Total Debt (credit cards & credit accounts only) :
Credit Card 1 : $424.58 Balance Started at $500.00
Credit Card 2 : $434.77 Balance, Started at : $ 500.00
Credit Card 3 : $ $426.54 Balance, Started at : $ 500.00
Credit Account 4 : $ 481.73 Balance, Started at $700.00
Credit Account 5 : $ 708.76 Balance, Started at $ 900.00
Credit Card 6: $ 110.07 Balance, Started at $400.00
Credit Card 7 : $ 160.80 Balance, Started at $600.00
Credit Card 8 : $ 254.87 Balance, Started at $350.00
Personal Loan $600.00 Balance, Started at $1200.00
Credit Card 9 : $150.00
Yes I have an auto loan but just yesterday I was able to re-finance it through another bank and my interest rate dropped from 8.25% to 4.75% plus it’s only a 60 month loan rather than the 72 months it was so I shave off a year of interest as well AND I am saving 40 dollars a month which I can put towards paying down my credit card debt… Yay me!
So, how did I get into this debt? Well, some are due to medical bills, some are veterinarian bills, and a lot of it, shear stupidity which will not be happening again.
In my next post, I will tell you how I am paying this credit card debt off and what system or systems I am using so please stay tuned!