After far too many years of avoidant behaviour with regard to my credit card debts, I finally applied for a Line of Credit last May. Best thing I ever did!! Well, financially, at any rate. I consolidated my ~$25,000 of credit card debts, started paying a much lower interest rate, and I’m finally seeing my monthly payments making a difference!
This is the first time in probably close to 10 years that I owe less than $15K, and it feels marvellous! I put myself on an aggressive payment plan as soon as I got the credit line, started really watching my spending, and it’s been such a relief to watch my debt actually shrink. Barring any catastrophic emergencies, I could actually be debt-free by next year.
Then it’s time for a mortgage, haha!