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Archive for August, 2009

Interest on credit card written off

August 25th, 2009 at 09:24 pm

I have been sharing some of the collective wisdom from this site with a friend. She asked me if I would help her out to clear her debt. After some discussion she called the collections department of a department store where she owes $1,500.00. Of course the interest rate is 28.8%. She told them she would pay them $100 per month for the next 15 months. They said that because she has made that committment they are waiving all interest charges. I am both thrilled and proud of her. Isn't that fantastic!

CAP ONE - ALMOST GONE!

August 21st, 2009 at 06:43 pm

When I started this blog in April we had a Capital One Card with a balance of $3,164.12.
When I started in April we had a balance of $3,164.12 on our Capital One card.

Last month's balance was $671.01
Regular payment: $300.00
Extra payment: $175.00
NEW BALANCE: $198.24 WOW!

It was great to be able to turn off the autopapp at the bank. This balance will be gone very soon. I'll be sure to post when it's done. And of course we'll be snowballing these payments onto the next debt. Stay tuned and thanks for the great support and advice!