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Next goal - attacking my line of credit

July 1st, 2012 at 04:20 pm

I'm happy that I can tackle my line of credit now that the Visa is paid off. It's a hefty one at $12,435.00. My goal is to kick $5,000 to the curb by the end of 2012 and have it fully paid off in 2013. It's my one and only credit card debt. So far I've paid off $347 but the monthly interest is more than $87 per month even at 8.4%! One of the great rewards of paying down debt is seeing that monthly interest amount drop like a stone. I can do it!

3 Responses to “Next goal - attacking my line of credit”

  1. NJDebbie Says:
    1341165289

    yes, YOU CAN!

  2. creditcardfree Says:
    1341167194

    Oh this is going to be fun!! More debt down the drain. Smile

  3. Jerry Says:
    1342380937

    Good for you! You're right, when the effort leads to the interest paid dropping like a stone, it just offers some insurance of even more motivation to get it done. Nice going, and keep it up!
    Jerry

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