UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: 4wheelfool Three stars, 500 posts Global Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 309234  
Subject: Re: Wearing me down... Date: 9/7/2012 10:06 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
You have a good plan. The only thing I would change is the order in which you pay off the cards. Paying off the highest rate card first makes the most financial sense. But you are wearing down. You need some emotional wins. Pay off the card with the lowest balance first. Macy will be gone before you know it. US Air not long after that. Then Citi, Apple, Amex and Student. You will feel better knocking down the number of creditors you have, and you will see the smaller balances get reduced quickly. That will give you some motivation. And when you pay one off you will increase the amount you can throw at the next one.

Also, sell whatever you can or get a second job to pay everything off as fast as possible.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Kiddie Card Board
Should kids have their own credit card?
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Oily Vortex of Doom?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.