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A little nibble

February 9th, 2009 at 12:25 pm

Thanks to some small ebay sales I've been able to nibble Card 2 under $7000. The bills have been fast and furious but I've been lining them up and knocking them down! Here's the quick update:

Debt Tracker (02/09/09)
Card 1: $40475.55 (8.99)
Card 2: $6899.50 (7.99)
Total: $47375.05

I figure anytime you can nibble at a credit card balance it's a good time to nibble because the interest is a product of your average daily balance (at least that's what I've been led to believe) so it's better to pay it when you have it than wait and pay at one time. Of course some of these guys have limits on how many payments you can make online so it can be a catch 22. No problems for me at this point though. Smile

1 Responses to “A little nibble”

  1. creditcardfree Says:

    Cool!! I agree on paying on the debt when you have it. Some of us might be tempted to spend it otherwise!!

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