Reply
Valued Member
Posts: 26
Registered: ‎04-26-2008
0

Re: Would anyone mind sharing with me?



woodstock wrote:
Here's mine -- not for the faint of heart, you have been warned!
 
MBNA (Bank of America)    14800/16900
Citibank                                  9100/15000
Capital One                            6600/6800
Credit Union                           9800/10000
NextCard                                6000/16000
Discover                               11000/11500
MBNA (Bank of America)       9900/11300
Capital One                           


Wow!!!  over 67K in balances.  If you don't mind me asking... how much you pay monthly on these cards?
01/07/2009 - | TU=674 | EQ= 700 | EX=705 |
12/26/2008 - | TU=659 | EQ= 700 | EX=692 |
12/09/2008 - | TU=671 | EQ= 732 | EX=704 |
11/15/2008 - | TU=657 | EQ= 699 | EX=695 |
Frequent Contributor
Posts: 401
Registered: ‎05-01-2007
0

Re: Would anyone mind sharing with me?

[ Edited ]
:womansad: I am so jealous of you. I currently only have 8 oops now 9 credit cards (all in good standings). 3 of them i am thinking of paying down if not off by the new year. I am hoping to only have car loan, 2 credit cards, and *bleeping* Sallie Mae with balances by TAX time in Feb 2009.

 

My daughter wants to get a house. she only 5 years old. She wants a purple room and a puppy. Poor baby puts her money (family gives her)in the several money banks around our apartment. I want to be able to go house or condo hunting in 3 yrs. I will be 40 by then.

 

So now i know i can do it based on what i see you have done.


Message Edited by niecey89 on 09-23-2008 01:36 PM

Message Edited by niecey89 on 09-23-2008 01:37 PM
FICO Scores 7/15/2008: EQ 600, TU 546, EX 490
9/17/08 - TU 571,12/17/08 649,3/16/09 638, 6/14 642
ScoreWatch 12/17/08 EQ 646, 1/2/ 09 664, 2/2/09 684,2/12/09 673, 2/16/09 688, 2/27 674,3/3 682,4/16 685, 6/28 679
1/2/09 EX 668 2/13/09 669
AS of NOV08 I am Credit card debit free. I AM A MYFICO.COM ADDICTED :smileyhappy: ~
Established Member
Posts: 22
Registered: ‎12-21-2007
0

Re: Would anyone mind sharing with me?

Here's mine -- NOT for the faint of heart, you have been warned!
 
MBNA                 14,870.52/16900
Citibank                9,097.84/15000
Capital One           6,625.77/6800
Chase                   9,906.88/11000
Credit Union           9,769.78/10000
NextCard               5,952.84/16000
Discover              11,075.67/11500
MBNA                    9,865.18/11300
Capital One            6688.5/6900
Citibank                 7679.59/11740
Universal Card      15204.33/20000
Sears Mastercard   9160.98/12300
Bank of America     6507.56/8000
Citibank                 3,197.81/4920
MBNA                    16,932.82/18500
MBNA                    15,858.55/16900
 
I apologize for the odd organization of this list, I copied it out of a spreadsheet.  If you total up the balances it comes out to just over $158,000.  I don't know what the sum of the available credit is.  While this may look hopeless, not too long ago the total of balances was over $185,000!  I just keep plugging away -- I hope to have them paid off in about 3 years.  There are several other store cards that I haven't used in years and carry no balances so I don't have them handy to list.
Established Member
Posts: 22
Registered: ‎12-21-2007
0

Re: Would anyone mind sharing with me?

I just realized in editing my post somehow was prematurely posted.  I apologize.  The spreadsheet copied a HTML table which I had to edit to clean up the post.  *argh*
 
To answer the question about what I pay -- the minimum payment runs just under $4,000.  I always pay more, how much depends on my budget for the month.
Established Member
Posts: 12
Registered: ‎07-17-2008
0

Re: Would anyone mind sharing with me?

[ Edited ]
Woodstock-
This may not be any of my biz but I am curious as to what you have you could have spent $158k on on and what timeframe to rack up that much credit card debt? Gosh you must make a 6 figure salary to be able to afford $4k month in credit card payments, that's the total amount of all my bills including mortage each month :smileyvery-happy:


Message Edited by tryintorebuild on 09-23-2008 11:16 AM
Current credit score goal: Join 700 club by January 1st, 2009
Established Member
Posts: 22
Registered: ‎12-21-2007
0

Re: Would anyone mind sharing with me?

[ Edited ]
Several things got me into this position.  The #1 reason is my ex-wife.  She has major spending problems and also had trouble holding down a job.  She went to professional school and then started her own business.  About half of that debt went toward helping her get through school and then start her business.  The other half she spent at the mall.  When we separated it took multiple moving trucks to move all of her junk out of the house.
 
You're right, I make a six figure salary.  That is both a blessing and a curse.  I make several times the limit to be able to file Chapter 7 and dump the credit card debt.  Under Chapter 13 my 60 month repayment plan would have me pay back all of this debt so there is no point.  So instead I work as much overtime as I can, take my entire paycheck and pay my child support ($2150/month, which is a ton cheaper than trying to keep up with her spending in my community property state) and put the rest toward the credit cards.  I don't really have the cash every month for an apartment so I live like a nomad for the time being.  Like I said, I should have the cards paid off in about 3 years.  I can hardly wait!
 
Oh, I forgot your last question -- it took just over 15 years to rack up all of this debt.


Message Edited by woodstock on 09-23-2008 12:03 PM

Message Edited by woodstock on 09-23-2008 12:04 PM
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Would anyone mind sharing with me?

Wow! and thumbs up to what appears to be a pretty serene attitude toward the whole mess.

I admire people who can get beyond the banging-head-against-the-wall stage. I'm not sure that I could do that. But I will keep your example in mind for a day when I might find myself trying to wipe dripping unpleasantness off of myself, from whatever cause.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Frequent Contributor
Posts: 262
Registered: ‎06-13-2008
0

Re: Would anyone mind sharing with me?

Accounts with Balance/Credit Limit below:
 
Citi Diamond Preferred Rewards Mastercard  -  $6400/$8500 CL
Jared Store Card  -  $0/$6,600 CL
AMEX Blue Card  -  $0/5,500 CL
Chase Cash Freedom Visa Card  -  $0/$5,000 CL
Capital 1 Platinum MasterCard  -  $0/$4,500 CL
BOA Platinum Platinum Plus Visa  -  $0/$4,000 CL
Discover More Card  -  $0/$2,000 CL
WAMU ESPN Total Plus Visa  -  $0/$2,000 CL
HSBC 2% Rewards MasterCard  -  $0/$2,000 CL
Orchard Bank Platinum MasterCard  -  $0/$2,195 CL
Hooters MasterCard  -  $0/$1,100 CL
Cabela's Rewards Visa  -  $0/$1,000 CL
Best Buy MasterCard  -  $0/$500 CL
PayPal Plus Buyers Credit  -  $0/$500 CL
Wal-Mart Store Card  -  $0/$400 CL
Target Red Store Card  -  $0/$200 CL
Dillard's Store Card  -  $0/$200
Marriott Rewards Visa $25,000; AirTran A+Rewards Visa $25,000; PFCU Visa $17,000; Barclay B&N MasterCard $12,000; GUCU Visa $10,500; Nordstrom Visa $10,000; GOCU Visa $10,000; Ann Taylor MasterCard $6,400; US Bank Perks Plus Visa $5,000; Barclay Arrival MasterCard $5,000; Quicksilver One $3,000; Capital One Classic $3,000; Amazon Visa $500; Sam's Club MasterCard $250; Dillards AMEX $250; Wal-Mart MasterCard $250.
Established Member
Posts: 22
Registered: ‎12-21-2007
0

Re: Would anyone mind sharing with me?

Thanks haulingthescoreup, it hasn't been easy.  I try not to think about what I could have done with all of the money that has been pissed away.
 
I just hope someone can benefit from my misfortune by not making the same mistakes I did.
Regular Contributor
Posts: 106
Registered: ‎08-26-2008
0

Re: Would anyone mind sharing with me?



Strepthroat wrote:
Accounts with Balance/Credit Limit below:
 
Citi Diamond Preferred Rewards Mastercard  -  $6400/$8500 CL
Jared Store Card  -  $0/$6,600 CL
AMEX Blue Card  -  $0/5,500 CL
Chase Cash Freedom Visa Card  -  $0/$5,000 CL
Capital 1 Platinum MasterCard  -  $0/$4,500 CL
BOA Platinum Platinum Plus Visa  -  $0/$4,000 CL
Discover More Card  -  $0/$2,000 CL
WAMU ESPN Total Plus Visa  -  $0/$2,000 CL
HSBC 2% Rewards MasterCard  -  $0/$2,000 CL
Orchard Bank Platinum MasterCard  -  $0/$2,195 CL
Hooters MasterCard  -  $0/$1,100 CL
Cabela's Rewards Visa  -  $0/$1,000 CL
Best Buy MasterCard  -  $0/$500 CL
PayPal Plus Buyers Credit  -  $0/$500 CL
Wal-Mart Store Card  -  $0/$400 CL
Target Red Store Card  -  $0/$200 CL
Dillard's Store Card  -  $0/$200


Good gawd, how do you keep all of these accts active without forgetting about a few of them??? LOL

 
08/08 FICO TU649 EQ645 EX639
12/08 FICO TU665 EQ672 EX667
03/09 EQ650
App-free since 01/29/09
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.