Victory! CitiBank Personal Credit Card Paid Off!

Woohoo!  This is our first real debt removal victory.  Yesterday I put the final $114 towards this credit card with my husband watching.  It feels good!

Our December bill listed our balance at $2261.81.  We’ve been putting everything we can towards this debt.  I am simply amazed that in 4 months worth of payments, we eliminated over two thousand dollars! It really makes me think we can continue to do this.

So what we have left as far as credit cards is around $10,500 on the other Citibank and $6000 on the Chase card.  I’m unsure which one to work on next.  The Citibank has far more and a higher interest rate.  Plus our shipping costs for our ebay liquidation are still being charged on this card, so I want to make sure we don’t get too close to the limit (we have about $2000 left on our limit.)  But the Chase card would be eliminated much faster, and I think our low interest rate expires in November.

It feels wonderful to have one fewer bill each month.  With recession looming in the future, I don’t want any debt hanging over my head – it’s just one more thing that could really ruin a person!

About these ads

One Response

  1. Pay the Citibank first. If anything happens, they are the first to raise your rates to the “default” rate even if you are current with them if you have any problems with another card. Get rid of the card with them at your first opportunity. They suck.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: