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Plan to eliminate CC debt

June 5th, 2008 at 02:22 am

Debt
Credit Card 1:$309.11 Premier
Credit Card 2:$383.56 Premier
Credit Card 3:$716.28 Orchard
Credit Card 4:$361.47 Macys
Credit Card 5:$227.89 Fingerhut
Credit Card 6:$451.12 Credit One
Credit Card 7:$541.49 Key/Citi
Total Debt owed:$2990.92 Credit Cards Only

I am coming up with a plan that I can actually live with to pay off these suckers once and for all.
I will start with the low ones first.
#1 will be Fingerhut. That will be the last thing I order over the phone!
#2 will be 1st Premier 1 card.
#3 is the Macys card and an end to store cards. That was a huge mistake.
#4 will be my 1st Premier card 2. There are two cards from the same company. How stupid is that?
#5 is probably going to be the Orchard account, as it is the furthest behind.
#'s 5 &6 will be Key with Credit One. They have different amounts but mean more to me to be paid off together and get it done and over with finally.
I am looking forward to typing my final payment to them in ONE YEAR OR LESS.
Don't make a liar out of me, me.

Posted in Hints and Tips Wanted, Credit Repair, Credit Abuser | 2 Comments »

2 Responses to “Plan to eliminate CC debt”

  1. Cindy K Says:
    June 11th, 2008 at 01:54 pm 1213192462
    1213192462

    I may not know much about debt, but I think it would be better to pay off the highest interest CC first, and work your way down the list from there - highest interest to lowest interest cards. Cut up and close the store accounts - they usually have the highest interest rates than the national (MasterCard, VISA, etc) cards have. Decide which lowest interest rate national card you want to carry and put it in your dresser drawer for car repairs and ordering medication via mail order. Otherwise, any other purchases are to be made on a cash basis only.

  2. helpmefriend Says:
    June 11th, 2008 at 03:38 pm 1213198695
    1213198695

    I am going to try to get the low balances paid off first sort of as a push to see progress. When I get something paid off, then I can move on to the next.
    Basically, I want to move on the cards that have gone the longest without being paid. The late fees and over the limit fees are killing me.

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