Hello Fellow Fools!I have been reading this board for about a month or so,and thought I would share with you. As many of you knowthere is NO greater feeling than paying off debt!My wife and I have been taking advantage of the card offers that came to our house each month 2.99% for 6 months transferring balance after balance to this rate. at the end of 6 months another offer would appearand we would transfer the remainder of the 2.99% rateand got a rate for 1.99% for 6 months ALL in ALL we paid down $10,000 worth of debt within a 12 month period All the time keeping only 2 cards active closing various other accounts, because having to many lines of credit open can be just as damaging when you apply for say a mortgage. I now HAVE 0 credit card debt I made my last payment in DEC. This year (Jan 01)I am now working to pay off my home as I write this I owe exactly $26521.68 I have a 30 year fixed rate of5.25% I figure I can pay off my house in 35 more months. we are committed to being debt free. I'll let you fools know how I do in a future update.nomorecards!
>I figure I can pay off my house in 35 more months. we >are committed to being debt free. I'll let >you fools know how I do in a future update.Keep the faith, To thy own foolish self be true.Been doing that kind of thing too. Still working on the CC cards though. When you finaly realize its a problem, is when the solution finaly starts getting implemented.Being able to sound off here is great and a great morale booster. May your next year be more prosperous then your last.
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