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Some debt paid

April 6th, 2007 at 09:02 pm

Well after paying off a slew of cards with the conso loan I had a slight blowback from one card with a finance charge of $31 (the card is at zero balance). They also gave me a credit limit increase on that card from $3900 to $4800 (nice of them wasn't it?) I also made a $2800 payment on Card 1 (take that Card 1!) Here's the update:

Card 1/$5891/$20000/14.23
Card 2/$15000/$31000/12.24
Card 7/$5821/$11000/4.99*
Card 13/$4001/$4500/5.82*

*Balance Transfer rate (for life of bal)

7 Responses to “Some debt paid”

  1. yummy64 Says:
    1175891276

    Nice going!

    How do you get a finance charge with a 0 balance? I hope you fight that and close the account. What nerve. Then again it is a credit card company. They are evil IMHO.

  2. I-78 Commute Says:
    1175891647

    Thanks yummy! I think it was because I carried a balance for part of the statement's period that they charged me interest. So greedy! I zeroed them immediately though. Smile

  3. nance Says:
    1175892073

    Card 13? Whoa! It is great that you are working so hard at paying them off. Imagine what life would be like in the future if you didn't decide to eliminate the debt.

  4. I-78 Commute Says:
    1175893764

    nance I know! Once the matrix is all zeroed out then I can really switch focus to the loans and just knock them out left and right. It just makes it a lot easier for us when we can come up with a weekly cash amount to withdraw (and know that if we stick to this budget there is a lot more income that can go to knocking down the debt). The biggest thing for me is not to be paying all that interest. It was really squeezing a lot of money out of us per month.

  5. Amber Says:
    1175897545

    You are really making some progress, when I paid off my cc as well my limits were increased...really nice of them Smile

  6. homebody Says:
    1175979761

    First of all may I just say you are full of crap?? I went back to the beginning of your blog and right in the first post you say something about not being much of a writer. Uh huh, yeah right! I find your blog infinitely entertaining!! You are so a writer.

    Anyway, don't you need to add that payoff loan into your matrix or is that transferred over to loans??

    That is so great you were able to get your wife on board and how do you spend so little on food, feeding two boys along with an athletic daughter too?

    Carry on!

    PS I'm at my niece's house, babysitting my great nephew, he is sleeping so I am on their computer and what is more fun that getting caught up on the blogs?

  7. I-78 Commute Says:
    1175987879

    Ha! Thanks homebody! I'm really no writer...I think the material I have to work with makes it easier for me.

    That payoff loan will get plenty of press. Once I have a due date it will get its publicity in the main blog instead of the matrix. I figure since it now has terms and a real end date I'd keep it with my other term loans (mortgage!) in the main blog. Once all the credit cards hit the big 0 then I'll give top billing to the loans. For now though I want the credit cards to all read 0 first...that's my first goal in all this.

    I'm really surprised how well we've been doing on groceries. Though I have to update this weekend since we just spent $200 on Friday (doh!) We needed to though...had to fill up for Easter. Smile

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