- Centurion Member
- Posts: 179
- Joined: Fri Apr 12, 2013 4:47 pm
- Location: Indianapolis, IN
Right now I owe about $8k on cards with several nearly maxed and one over limit. For a while I was underemployed and used cards to make up the difference in my income. Never again.
My plan is to pay off two cards this week, then pay about $200/week on one card while maintaining slightly more than minimum monthly payments on the other cards. This will leave me with less debt each week, and within the month, I'll have two cards paid off and a third nearly paid off. I'll continue this, snowballing each month until I'm debt free, minus my car and student loans.
Hopefully I can climb out of debt before the year is over and put all this behind me.
Does anyone have a glorious after-debt story to tell? I'm certainly looking forward to ditching some crappy cards, raising my scores, and adding an AmEx charge and an AmEx revolver to replace my worst cards. Next stop is house shopping in about 5 years!
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680