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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Need advice on paying off debt... Date:  6/21/2014  8:44 PM
Author:  neveragain Number:  308283 of 313065

That's 4400 take home per month? $1700 per month to devote to cc pay off is pretty good. By April 2015, you will have just a little over 3k in cc debt, which depending on the new interest rate on the card, should just take a few more months to pay off. Do you have any opportunities for overtime or a side job to increase your income to accelerate debt pay-down? Can you cut expenses? Move to a cheaper place?

As per your other question, do you have a down payment saved up yet? If not, I would wait till your debt is paid off before you start saving up for it. If you have not yet started to save funds for the downpayment, you likely have years before you build s a substantial amount and with the debt gone, it will go much faster.

Do you have an efund? other debt? Why were you in debt in the first place?
relocation, overspending, student loan, etc. What are you doing to make sure you stay out of debt.
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