Tuesday, January 23, 2007

Paying Off Our Credit Card Debt

Well we are continuing to work on our credit card debt. I put in for a consolidation loan at one of our local Federal Credit Unions, so it looks like we may be able to cut down the amount of time it is going to take to pay off our debt from forever to around 4 yrs if we can get the loan and a pretty decent interest rate. So far things are looking pretty good and I would rather have one payment than a whole bunch of small and large payments. I hate credit cards. If I have learned anything from all this is that credit cards are evil. We are also continuing to put money aside into our emergency fund, so that anything that comes up unexpectedly will be paid with cash. So everyone cross your fingers, and hope that this loan goes through.

1 comments:

DEBTective said...

Great job, bub. Thanks for getting the word out that tells the real deal about credit cards. They rip you off at 18% interest and get a bunch of jerk collectors calling you, and that's just for starters. Paying for stuff with cash and investing is the real way to build piles of dough. Here's looking at you, kid. www.debtective.com