Shashabell's Personal debt cutter thread

[Spanelli8706]

Help me. I've already fallen off the wagon. Since I was beaten out of getting two houses recently, I thought why bother with getting my credit score up or being debt free before buying a new house so I've been blowing money instead of paying off my debt. Thankfully the credit cards are still below 50% of their limits. I need to get back to it now.

AUGUST
Car : Beginning balance $10,340.00 - This week I brought the balance to $9,240.98
Credit Card #1 : Beginning balance $1887.00 - Limit $1905.00 - This week I bought balance down to $940.71
Credit Card #2 : Beginning balance $1078.00 - Limit $1,100.00 - This week I brought balance down to $513.64
Credit Card #3 : Beginning balance $484.00 - Limit $700.00 - This week I brought balance down to $173.42
Credit Card #4 : Beginning balance $121.00 - Limit $1,000.00 - Used for dental emergency. This week I brought the balance to $400.00.
Credit Card #5 - Beginning balance $32.87 - Limit $1,000.00 - Used it last month and paid it off to $0.00.

On a good note, I got some of the medical credtors off my back by having them re-bill my insurance and I got a deposit back from the gas/electric company for having good payment history.

Falling off the wagon happens! The hard part is getting back on. You can do it.

If it were me, I would put the paid off credit card, #5, into a drawer, desk, box. Somewhere I won't be tempted to use it. Then I would focus on CC #4, since that balance is soooo low. It's under $200! You can have that paid off in no time. And once you accomplish that- put CC #4 in the same box/drawer as #5. Then move on to another card.

Do you do anything like surveys or yard sales? Any extra cash will make this go so much faster and it will cut down the time that you are tempted to use these cards! Make it a goal to post in here once a week or once every other week for more accountability! We're all cheering for you!

[shashabell]

SEPTEMBER 2011

Car : Beginning balance $10,340.00 - Balance $9151.28
Credit Card #1 : Beginning balance $1887.00 - Limit $1905.00 - Balance $873.16.
Credit Card #2 : Beginning balance $1078.00 - Limit $1,100.00 - .Balance $501.81.
Credit Card #3 : Beginning balance $484.00 - Limit $700.00 - Balance $90.60
Credit Card #4 : Beginning balance $121.00 - Limit $1,000.00 - Used for dental emergency - Balance $400.00.
Credit Card #5 - Beginning balance $32.87 - Limit $1,000.00 - PAID OFF.


I'm sooo stagnate with my progress, but happy that I'm keeping my credit card balances below 50% of their available credit limits.
I better pay off cards #3 and #4 next month so I feel like I'm accomplishing something.

[Kim1013]

You can do it! You can do it! YOU.CAN.DO.IT!!!!!

[shashabell]

OMG, OMG, OMG.

I just have to share with you guys. I started this journey in April and my goal was to get my credit score up to get a mortgage and.......


I RAISED MY CREDIT SCORE BY 66 POINTS!!!!!

My mortgage broker that I have been working with ran my scores in April and then again today and is very impressed and I am too :)

[shashabell]

OCTOBER 2011

Car : Beginning balance $10,340.00 - Balance $8,818.98
Credit Card #1 : Beginning balance $1887.00 - Limit $1905.00 - Balance $800.00.
Credit Card #2 : Beginning balance $1078.00 - Limit $1,100.00 - Balance $468.05.
Credit Card #3 : Beginning balance $484.00 - Limit $700.00 - Balance $63.99
Credit Card #4 : Beginning balance $434.23 - Limit $1,000.00 - Balance $72.00.
Credit Card #5 - Beginning balance $32.87 - Limit $1,000.00 - PAID OFF.


Gosh, this is taking a long time...but I'm still happy that my credit card balances are below 50% of the available credit and I have raised my credit score by 66 points since April 2011.
Next Month's Goal - Gotta see Paid Off next month on credit cards #3 and #4.

[Spongebear]

OMG, OMG, OMG.

I just have to share with you guys. I started this journey in April and my goal was to get my credit score up to get a mortgage and.......


I RAISED MY CREDIT SCORE BY 66 POINTS!!!!!

My mortgage broker that I have been working with ran my scores in April and then again today and is very impressed and I am too :)

OCTOBER 2011

Car : Beginning balance $10,340.00 - Balance $8,818.98
Credit Card #1 : Beginning balance $1887.00 - Limit $1905.00 - Balance $800.00.
Credit Card #2 : Beginning balance $1078.00 - Limit $1,100.00 - Balance $468.05.
Credit Card #3 : Beginning balance $484.00 - Limit $700.00 - Balance $63.99
Credit Card #4 : Beginning balance $434.23 - Limit $1,000.00 - Balance $72.00.
Credit Card #5 - Beginning balance $32.87 - Limit $1,000.00 - PAID OFF.


Gosh, this is taking a long time...but I'm still happy that my credit card balances are below 50% of the available credit and I have raised my credit score by 66 points since April 2011.
Next Month's Goal - Gotta see Paid Off next month on credit cards #3 and #4.

Amazing job. You dont have much more to go before its all paid off.

[Kim1013]

You are making great progress. Congratulations...and before you know it you'll have it all paid off.