(Well, now I've had the "I had my post written out and it didn't post problem. Let's try this again.)
CC1 Balance (8.9% APR) - $630
CC2 Balance (5.25% APR) - $594
Total CC Debt - $1,224. A lot better than 2 1/2 years ago.
Still planning on having CC debt paid on Sept. 1, or before.
CC2 is on a fixed payment plan. What happened is that three years ago we were woefully past due on the account. I have no idea what the interest rate was, other than it was high. The company (Bank of America) cut us a deal. They lowered the int. rate to 5.25%, and raised the payment to a permanent $140 per month. We've made a $140 payment every single month since. So, it will be paid off on Aug. 1. Actually, the Aug 1 payment will be about $40. So, we'll send an extra $100 to CC1 that month, and the balance on CC1 should be low enough on Sept. 1 to pay it off. If it's not already paid off.
We still have that triple priority of paying down CC debt, saving to rebuild the back porch, and saving to make sure our short sale house sells. The back porch fund should be set by the end of this month.
(So, I just copied this post in case its lost again.)
March CC Debt Update
March 1st, 2013 at 02:08 pm
March 1st, 2013 at 02:28 pm 1362148106
Good work on knocking out that debt!
March 1st, 2013 at 04:01 pm 1362153698
March 2nd, 2013 at 02:03 am 1362189833