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Author: debtfreein3years Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308349  
Subject: debtfreein3year's Quaterly Update (4/08) Date: 4/3/2008 11:00 PM
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I posted here for the first time right after the new year. I received lots of help and advice from the good people here and continue to learn everyday by reading all the posts.

Here's an update on my progress. Back in January was when I started to write and track everything in great details. Recently I wrote down all the balances all the way back to August 2007, which is when I stopped the bleeding, came to my senses and started to pay down debt.


Cousin CC#1 CC#2 CC#3 CC#4 CC#5 CC#6 CC#7 Car Total Debt
========================================================================================================
0% 29.99% 10.00% 22.94% 21.99% 20.24% 18.60% 5.75% 5.80%
========================================================================================================
Aug 07 $6,000 $6,977 $6,647 $1,652 $2,768 $7,869 $3,134 $18,484 $10,497 $64,028
Sep 07 $6,000 $6,906 $6,351 $1,500 $2,470 $7,735 $2,857 $18,406 $10,223 $62,448
Oct 07 $6,000 $6,835 $5,719 $1,488 $2,446 $7,487 $2,960 $18,162 $9,757 $60,854
Nov 07 $6,000 $6,563 $5,452 $1,470 $2,421 $7,424 $2,750 $17,900 $9,291 $59,271
Dec 07 $5,000 $6,182 $5,263 $1,457 $2,402 $7,372 $2,715 $16,588 $8,951 $55,930
Jan 08 $4,500 $6,227 $5,607 $1,444 $2,377 $7,311 $2,660 $16,315 $8,659 $55,099
Feb 08 $4,000 $6,157 $5,300 $1,427 $2,352 $7,233 $2,627 $16,044 $8,370 $53,509
Mar 08 $3,500 $6,099 $4,524 $1,413 $2,330 $7,168 $2,649 $15,768 $8,111 $51,562
Apr 08 $3,000 $5,885 $4,488 $1,371 $2,264 $6,974 $2,631 $15,419 $7,815 $49,847
========================================================================================================
Reduction $3,000 $1,092 $2,159 $281 $504 $895 $503 $3,065 $2,682 $14,181
========================================================================================================


All the numbers before April 08 are the balances on the monthly statements for each card.

The April 08 figures are current balances after I made the March payments, they will be a little more when add the interests before I get the statements this month.

I have been applying snowball to CC#2 because the interest was 32%. They recently lowered it to 10% so now I'm going to start tackling CC#1. I'm still calling CC#1 every month to try to get them to lower the rate.
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