I am so happy I paid off my high interest CC (30%) I am so happy ( I keep doing that). I took a look at my account and I had little more than a $10000 just sitting there earning about $3.00 a month and this high interest CC paying about $40 a month in interest so I said pay it off and I did. My goal is to be debt free by December 31st and atleast $3000 in the EF. Now that this CC is paid off I can really start saving. I am going to write the CC company and ask them to remove any activity on my credit report regarding this cc. I was never late always paid on time as well as paying more than the minium, but I closed this account which I am sure will have a negative affect on my score...we'll see
Previous CC total: $2255.91
New Ttoal :$1242.93
I did it !!!!!!!!!!!!!!
October 29th, 2006 at 03:18 pm
October 29th, 2006 at 04:34 pm 1162139671
October 29th, 2006 at 04:35 pm 1162139719
October 29th, 2006 at 04:48 pm 1162140498
paid the card off, its my birthday(you know that commercial)
...doing the happy dance for you!
October 29th, 2006 at 05:24 pm 1162142683
October 29th, 2006 at 06:57 pm 1162148276
October 29th, 2006 at 07:45 pm 1162151126
October 29th, 2006 at 07:59 pm 1162151997
October 29th, 2006 at 09:07 pm 1162156036
October 29th, 2006 at 10:16 pm 1162160180
October 29th, 2006 at 10:54 pm 1162162491
Well, it doesn't matter. It's still cause for celebration!
October 30th, 2006 at 12:09 am 1162166988
I know a lot is made over closing accounts lowering your credit score but its not really that big a deal as its only one card. If you aren't going to finance any major purchases in the next year or so, it won't really effect anything. By the time a year or two passes whatever it did to your rating should reverse itself, especially if you stay on your responsible tack of paying off debt and saving money. Leaving it open would be more detrimental to you, because the temptation to use it would always be there.
Congratulations on paying it off.
October 30th, 2006 at 12:35 am 1162168527
October 30th, 2006 at 04:09 am 1162181340
October 30th, 2006 at 04:09 am 1162181347
October 30th, 2006 at 11:37 pm 1162251429