7 people want to do this.

Reduce Credit Card Debt


 

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holly_3 is practicing patience.

Credit score is going up... 1 month ago

and the weight of the debt is going down!



holly_3 is practicing patience.

Trying out the Dave Ramsey Debt Snowball Plan... 12 months ago

The idea is that you tackle the smallest debts first and that the psychological boost you get from getting a few “quick wins” will be a good motivator for paying off other things. I think it’s working! I just paid off a small credit card balance and it feels really good!



holly_3 is practicing patience.

Just made a massive dent in the debt,,, 13 months ago

and it feels really good! It’s still higher than I want it, but it’s not so overwhelming now.



holly_3 is practicing patience.

I guess we're making progress... 17 months ago

but it’s so slow!



holly_3 is practicing patience.

Maximum 30% of limit 18 months ago

I just read that mortgage lenders want borrowers to owe no more than 30% of their available credit. This is called the “utilization rate.” I have a long way to go…



holly_3 is practicing patience.

Paying off the lowest balance today. 18 months ago

I just wrote a check to pay off the balance on one of our store credit cards. It wasn’t much at all but it’s still a good feeling to know that we won’t be writing a check to them next month.



holly_3 is practicing patience.

It was unavoidable... 20 months ago

We were hit with a $3,500 bill yesterday that had to be paid immediately. There was no other way to handle it than to put it on the card. Thankfully, because we do make regular payments, we had the credit available!



holly_3 is practicing patience.

It's always something... 20 months ago

I had just noticed that I accidentally made a double payment on one of the cards and was feeling pretty good about it when, literally minutes later, the dishwasher broke!



holly_3 is practicing patience.

Beginning to see progress... 20 months ago

We’re using the cards less often and making more frequent payments.



lilynutmeg is wasting time.

debt freee 21 months ago

I’ve reduced my credit card debt and now I feel free. I am no longer looking up my account to see how much less money I have.



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