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Another $2500 less owed

November 24th, 2008 at 04:39 am

Well it's time for another update! We were able to slash another $2500 off of our debt last week so I am just a basketcase in wanting to get Card 2 under $20,000 and get the total kit and kaboodle under $60,000 (it looks a lot more ugly with those zeroes than if I just used the letter k so I'm using zeroes for motivation. Ha ha!) I can't wait for Weds either (PAYDAY!) so I can make another dent in the numbers.

Oh and those people you hear about getting their limits reduced...I'm one of those people! I had one company reduce my limit on one card from $14,000 to $500! It had no balance and really gets no use so it's not bothering me that they cut it other than for my credit score (which I could care less about at this point. I just want to quit owing cc companies money...I'm fed up with it!) The sooner I get this paid off and I can start cash flowing my daughter's college education (it's on the horizon!) the better.

I'm just happy that our household hasn't felt the economic squeeze nearly as much as a lot of other people (especially in PA!) Though I still think the media drives a lot of the panic and fear and that if people got back to basics they would be a lot better off. OK off the soapbox...here's the skinny:

Debt Tracker (11/24/08)
Card 1: $41619.94 (8.99)
Card 2: $21076.69 (8.99)
Total: $62696.63

4 Responses to “Another $2500 less owed”

  1. Koppur Says:

    Great job!

  2. creditcardfree Says:

    Nice job! I'd like to see you get that debt under $60,000 too. I'll bet you'll get it there pretty soon.

    I'm amazed at the drop in the credit limit. I guess if you don't use it, they figured they could that outstanding credit off their books! Interesting times, we are in!

  3. Ms. Pearl Says:

    Good Job! We had our gap card lowered substantilly from 2500.00 to 325.00! It was in my husband's name and his credit is a lot better than mine!

  4. boomeyers Says:

    Your still my hero!

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