It’s that time of the month, the time when I talk about my credit card debt and let you know how much longer until I am debt free. Here is my credit card debt report for December 2008. I am only a few payments away from getting my Discover Card totally paid off. I just sent in another $21 payment on my $518 balance. I am so looking forward to getting this card paid off.
I am thinking about switching to a Discover Motiva Card where they give you a credit every 6 months of one month of interest charges if you make all your payments on time.
Then, I can transfer the balance of my stupid AT&T Universal Card to it and get those bastards out of my hair.
Here’s what I owe:
Bank of America: $16267.64
Stupid AT&T: $10342.02
Discover: $518, with pending $21 payment.
Total Credit Card Debt for December 2008: $51,607.
Total Credit Card Debt for November 2008: $52915.05
Total Credit Card debt as of September 2008: $54,154
Difference from November: $1308.05
Total Credit Card Debt Started with: $62124 Feb 2008
Total Credit Card Debt Paid Off: $10517.
Pretty cool, I’ve paid off over $10,000 in credit card debt this year. Just realized that as I put it in the calculator and typed it up. Hopefully, I will accelerate how fast I can pay this debt off and get maybe $25,000 more paid off next year. And then get it all paid off by 2010. That’s the goal.
Be credit card debt free by July 2010 and buy a new one story house with a library and big walk around veranda and a new dark blue Toyota Tacoma.
Thanks for reading!
The Credit Blogger