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Regular Contributor
kmf5182002
Posts: 115
Registered: ‎07-14-2008
0

Finally no credit card debt!

Been working off paying off all credit card debt and had about 10% left I just payed off! Chopped up final card and only using them for reoccuring bills and maybe online once and a while. Hoping to see a few point increase.

Valued Contributor
RockinRay
Posts: 1,947
Registered: ‎08-13-2007
0

Re: Finally no credit card debt!

Congrats! Being CC Debt Free is an awesome feeling.

 

We are down to one card now that will be paid by then end of the year.

 

NEVER again for us!

 

Again, congrats on reaching this goal!

 

Ray

Ray

** Every Card has a Job, and Every Card does its Job **

Regular Contributor
kmf5182002
Posts: 115
Registered: ‎07-14-2008
0

Re: Finally no credit card debt!

Thanks Ray and congrats for you also. Time to start living within are means

Valued Contributor
RockinRay
Posts: 1,947
Registered: ‎08-13-2007
0

Re: Finally no credit card debt!

Yep - with the way the markets are these days, I think this is best practice!

 

Just remember to run something from time to time on each card to avoid a CLD or closing of the account. In my mind, depending on what the markets do, we may see increased activity when it some to CLD / Closing again.

 

Ray

Ray

** Every Card has a Job, and Every Card does its Job **

Regular Contributor
kmf5182002
Posts: 115
Registered: ‎07-14-2008
0

Re: Finally no credit card debt!

ya i have atleast one bill charged to each one every month

Valued Contributor
Uborrow-Upay
Posts: 2,708
Registered: ‎10-16-2008
0

Re: Finally no credit card debt!


kmf5182002 wrote:

Been working off paying off all credit card debt and had about 10% left I just payed off! Chopped up final card and only using them for reoccuring bills and maybe online once and a while. Hoping to see a few point increase.


:smileyhappy:

 

You are my hero!

 

Major congratulations on this purchase!

(You've just bought your freedom from debt to the bankers).

 

 

 

 

    

Regular Contributor
kmf5182002
Posts: 115
Registered: ‎07-14-2008
0

Re: Finally no credit card debt!

Thanks much upay

Valued Contributor
scottwagnon
Posts: 1,350
Registered: ‎02-07-2010
0

Re: Finally no credit card debt!

i am pretty much debt free period. it has been this way for about 3 weeks now. its a great feeling too. i have always carried a certain amount of debt now since 2000 that i couldn't entirely pay off. (always running behind somewhat)

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Valued Contributor
Uborrow-Upay
Posts: 2,708
Registered: ‎10-16-2008
0

Re: Finally no credit card debt!

And congrats to you too, scottwagnon!  Feels good, yes?

 

 

(This sounds like the making of a great thread here!)

Regular Contributor
konabill
Posts: 118
Registered: ‎12-09-2009
0

Re: Finally no credit card debt!


kmf5182002 wrote:

Been working off paying off all credit card debt and had about 10% left I just payed off! Chopped up final card and only using them for reoccuring bills and maybe online once and a while. Hoping to see a few point increase.



     EXCELLENT !  Take yourself out for a nice lunch or something ( Pay cash for the lunch :smileywink: )  to celebrate.    Not sure how much your score would increase if you CC debt was @ 10%   BUT in my opinion even if your FICO score dropped 10 points it would be worth it to be CC debt free.    Again congrats !




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