How's your holiday debt repayment going?

[indiolatino61]

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@Josh2942 wrote:

Hello MyFico brothers and sisters! How is your holiday debt reduction going? Here's my debts

December 2013 Debt

Lowes Card-$945 18 month 0%

Quicksilver-$562 15%

BarclayCard Financing-$2,100 18 month 0%

Amex Blue-$750 0%

Bestbuy-$650 24 month 0%

Total=$5,007

Utilization= 25% Credit Line= $20,600

January 2014 Debt

Lowes Card-$745

Quicksilver-$0

BarclayCard Financing-$900

Amex Blue-$0

Bestbuy-$500

Total=$2,145

Utilization=10.14% Credit Line= $20,600

So Im well on my way to reducing my current debt and increasing my credit score. So how is your debt reduction going!

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Fortunately, my employer did not cut our bonuses in half this year, so I was able to pay everything in full. If not, I would have still owed about $2,500 or so.

[hilarybanks]

I didn't take on any holiday debt. I paid for everything in cash (debit card) on Black Friday. I did do a bit of shopping with my new cards that I just got this month, but I've paid them off in full (about $500). 

[efranklin23]

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@newmomnewme wrote:

I went wild this holiday season...not only did I spend too much money on gifts (mostly for my son), but I celebrated my birthday in a big, bad way at the casino. So I think I spend a bit over 10k, maybe 13k. I used a loan to pay 8k of it....now I have a bit under 5k to pay down ...should be done by June. I am working on lowering overall util as well. I have three cards reporting at this time.  Best of luck all; come join the great cc payoff challenge thread!!!! LOL

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oh wow, that sounds like a Merry Xmas you had!!!! I think I might spent somewhere around 700 this year 

[Repo-ed]

Paid-in-full

[wacdenney]

I had problems with my truck in October and had to buy new tires for my wife in November.  Then Christmas hit and I had to pay for the Xbox One and all the other gifts.  It was a rough season for me.  I'm still carrying about $1,500.00 in balances from the holidays putting my Utilization around 17%.  I should be able to PIF early in March.

[kdev84]

It's going... :]

Most of my credit card debt is actually not from the holidays. I'm throwing my entire tax return at my credit cards so I will be going from 43% utilization to around 22%. I will definitely breathe a sigh of relief when I see those numbers go down. 

[codimom]

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@Josh2942 wrote:

Hello MyFico brothers and sisters! How is your holiday debt reduction going? Here's my debts

December 2013 Debt

Lowes Card-$945 18 month 0%

Quicksilver-$562 15%

BarclayCard Financing-$2,100 18 month 0%

Amex Blue-$750 0%

Bestbuy-$650 24 month 0%

Total=$5,007

Utilization= 25% Credit Line= $20,600

January 2014 Debt

Lowes Card-$745

Quicksilver-$0

BarclayCard Financing-$900

Amex Blue-$0

Bestbuy-$500

Total=$2,145

Utilization=10.14% Credit Line= $20,600

So Im well on my way to reducing my current debt and increasing my credit score. So how is your debt reduction going!

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Keep up the good work!  My holiday charges were all at 0 before New years... yeah party animal that I am I went online and paid them all on NYE....