Untitled
2 days ago
One down…..... Yeah!
People who have done this
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How to pay off credit cards
It made me
peaceful and happy
 "Gives debt relief a whole new meaning!"
How I did it: Started listening to Dave Ramsey and realized that debt wasn't "normal" after all. It is not being a good steward of what God gives you. The American way is not necessarily the right way. Buying things you cannot afford does not bring peace or happiness, it brings strife and divorce, not to mention unwanted phone calls! Lessons & tips:
Resources: www.daveramsey.com
2 people found this helpful
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More "How I Did It" stories
leecalvin05 is writing an essay on communism in Russia.
It made me
yeah yeah!
How I did it: I worked off my debt over the summer. I would put almost my entire check each week towards my debt, after a few months it was all paid... I actually had my 4 cards paid off once before but then fell into debt again. I already used one of my cards again (2 months later), but at least the other 3 are paid off. Read how I did it…
It made me
meh 
How I did it: I stopped spending money because I knew no more was coming in at the moment. I just tried to spend all my time looking for a job rather than spending more money. Read how I did it…
virushead is being there
It made me
Yay yay yay yay
How I did it: Paid online with notifications. The second a statement was ready, I paid it! Saved a lot on interest that way.Paid more than the minimum.Requested interest drops every time I spoke with them (min. every 6 months).Put everything I could on the highest-interest card until it was paid off. The interest savings gave me more money to pay the next one. Read how I did it…
theresheather is doing that house wife thing.
It made me
Great!!
How I did it: Although I quit my higher paying job in loss prevention, I had a decent amount of money saved up for this event! I called up my credit card company, explained my circumstances, and asked if they could help me.They did! By offering me a hardship discount called a "match pay".Yes, I did have to cough up half of my amount charged, but they matched the other half. Now the bill is completely paid off - and so worth it.It would have taken me tw… Read how I did it…
catherineaq is 40 and not at all bothered about it
It made me
happy and free
How I did it: We never ever carried credit card debt until we bought a house. At that point, the house plus a car payment and the cost of day care and other ongoing expenses meant our outgo was more than our income. This is when we began not to pay off our credit cards. Though we knew it was for a finite time it was scary. Once our son grew older and began attending public school, and we got raises, our income/outgo ratio started working the right way … Read how I did it…
→ See all 16 "How I did it" stories
People doing this are also doing these things:
Entries
Balances
1 week ago
CARD 1: £231.71
CARD 2: 1538.23
Well obviously I have to make more than the minimum payments in order to get this off my goal, I will still continue to have the cards but only use them in a emergency
Untitled
1 week ago
Ugh, backslid badly, thanks to moving expenses, a lot of things needing replacement or breaking around the same time, and aforementioned lack of income. I have a lot of ground to make up on this now.
randomalia wants a comfy pair of moccasins.
$1,352
3 weeks ago
ATT: 1352
Chase: 0
BofA: 0
I feel like a huge weight is lifting because ALL of my high interest credit card debt is GONE!!! My last card has very low interest on it, so even though I’m dying to finally click on the “I’m done” button, I’m going to let it float for a while so I can accelerate paying off my (much higher interest) dental bills, which by now I’ve paid down to $785. I have been struggling with this for sooooo long, I can’t even believe how the debt seems to be disappearing so quickly.
slickgl wants to move to Maine.
Reassessing
3 weeks ago
I’ve been trying to do this forever. Now I have some real motivation. I want to get out of California and move to Maine. I want to have my debt mostly gone before I do so. I’m going to start getting student loans, which will drop my interest rate immensely for whatever debts I pay off with it. As far as all of my other debt, I want it gone as fast as possible. I made a chart with all of my current debt, which amounts to about $18,000, not including my car. I made a chart for up to $20,000. As I pay off each $100, I’ll x off the box representing it. That means 200 x’s. It would take me over 8 years to pay off $20,000 if I pay off only $100 a month, which would obviously cost more than $100 a month due to interest. I currently have 19 x’s. My first short term goal will be to reach 25 x’s by the end of the year.
I have done this, but need to do it again
4 weeks ago
I paid off 10K of credit card debt twice, but I need to do it again. I also saved up quite a bit, but I need to do that again too.
three and a half yrs to finicail freedom!!!
4 weeks ago
i am enrolled in a debt managment program and will have not only my cards pd off, but my school loans and my car will be pd off in that time as well…. to think- ill have somethinglike 1500 more a month!!! it feels great to have a date when i will be no longer tied to this debt!!! i was scared and skeptical- but am so glad i did it now that things are rolling and i can see the light at the end of the tunnel
5628!!!
1 month ago
Discover – 1720
Chase 2 – 1520
Chase 1 – 2388
It’s so weird to see some of these balances below 2000. For the longest time they were all at 5K or more!
mrshennejoyner is freaking out
hmm
1 month ago
90 left on credit card A
375 left on credit card B
440 left on credit card C
870 left on credit card D
5400 left on student loan A
new student loans yet to be determined
(o_O) My DMP estimates 7 years before I get those first five completely paid off. And that is only if I stick to the amount I am paying now. Once I am out of school and working a steady career, I definitely intend on raising my payments substantially.
Of course then there is my car loan and possibly a home loan. Hmm.
mrshennejoyner is freaking out
definitely working on it
1 month ago
So three of my credit cards are on my debt management plan now. And they are well on their way to being paid off. Only one left to get on there. I also added my student loans onto it. Those are going to take some time to pay back. Especially considering that since I’m back in school I have a whole new set of loans to worry about… Oh well. It’s going to be accomplished sooner or later.
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Ask for advice: Get help from people who've accomplished this goal
 Chino
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Brandi asks,
“How do you stop procrastinating and actually get this done? One at a time? or a little bit paid towards all of them each month?”
— 4 years ago |
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