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Finally Debt Free!

Valued Member

Finally Debt Free!

So I had been hoarding money for a little over a year now. Tonight, I finally went crazy from all my debt and just decided to finally pay it all off. Three years ago, I was in horrible debt and declared Chapter 7 Bankruptcy. That wiped out all but about $10,000 in student loans. Well I've been widdling that down for a bit and got a car in the process. Tonight, I spent about $8,000 to pay off my car, student loans, and what little in credit cards I had. 

 

I'm just happy to be done with it all. I'll rebuild my bank account, but tonight feels like I'm finally free. Free at last; free at last; thank God almighty, for I am free at last!

Message 1 of 24
23 REPLIES
Frequent Contributor

Re: Finally Debt Free!

Congrats!  Must be a great feeling knowing you dont owe anyone!

FICO08 7/27/17 EQ-769, TU-767, EX-767
Gardening unit sometime in 2018
Message 2 of 24
Super Contributor

Re: Finally Debt Free!


visionsdivine wrote:

So I had been hoarding money for a little over a year now. Tonight, I finally went crazy from all my debt and just decided to finally pay it all off. Three years ago, I was in horrible debt and declared Chapter 7 Bankruptcy. That wiped out all but about $10,000 in student loans. Well I've been widdling that down for a bit and got a car in the process. Tonight, I spent about $8,000 to pay off my car, student loans, and what little in credit cards I had. 

 

I'm just happy to be done with it all. I'll rebuild my bank account, but tonight feels like I'm finally free. Free at last; free at last; thank God almighty, for I am free at last!


Congratulations. I'm very happy for you.


FICO8 EQ 758 TU 778 EX 732 Total revolving 480k







Message 3 of 24
Community Leader
Super Contributor

Re: Finally Debt Free!

Must be an amazing feeling.  Congrats and good job.

Message 4 of 24
Super Contributor

Re: Finally Debt Free!

Awesome ... breathe and enjoy the fresh air ... you earned it Smiley Happy
Starting Score: 816
Current Score: 837
Goal Score: 850


Take the myFICO Fitness Challenge
Message 5 of 24
Regular Contributor

Re: Finally Debt Free!

Well done! I'd never be debt free between the mortgage and student loans, NO WAY! I'm sure it's an awesome feeling to have.

Starting Score:6/8/16: EX 585, TU 551, EQ 574
Current Score: 11/19/17: EX 680, TU 674, EQ 693
Goal Score: 700


Available CL:$80,450
Message 6 of 24
Community Leader
Senior Contributor

Re: Finally Debt Free!


visionsdivine wrote:

So I had been hoarding money for a little over a year now. Tonight, I finally went crazy from all my debt and just decided to finally pay it all off. Three years ago, I was in horrible debt and declared Chapter 7 Bankruptcy. That wiped out all but about $10,000 in student loans. Well I've been widdling that down for a bit and got a car in the process. Tonight, I spent about $8,000 to pay off my car, student loans, and what little in credit cards I had. 

 

I'm just happy to be done with it all. I'll rebuild my bank account, but tonight feels like I'm finally free. Free at last; free at last; thank God almighty, for I am free at last!


So happy for you, pal!

 

Bear in mind that with all of your installment loans paid off, you will likely take a big hit to your FICO score.  But folks here can tell you how to get those points back if you want.

Message 7 of 24
Frequent Contributor

Re: Finally Debt Free!

That is awesome! Congratulations!

Message 8 of 24
Established Contributor

Re: Finally Debt Free!

Super Congratulations!!

In the garden as of March 17, 2017.

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Message 9 of 24
Community Leader
Super Contributor

Re: Finally Debt Free!


visionsdivine wrote:

So I had been hoarding money for a little over a year now. Tonight, I finally went crazy from all my debt and just decided to finally pay it all off. Three years ago, I was in horrible debt and declared Chapter 7 Bankruptcy. That wiped out all but about $10,000 in student loans. Well I've been widdling that down for a bit and got a car in the process. Tonight, I spent about $8,000 to pay off my car, student loans, and what little in credit cards I had. 

 

I'm just happy to be done with it all. I'll rebuild my bank account, but tonight feels like I'm finally free. Free at last; free at last; thank God almighty, for I am free at last!


Congratulations on  your success. It really is a great feeling, isn't it? You are a true success story!


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover; NASA Platinum Cash Rewards. EQ: 763 TU: 737 EX: 787
Message 10 of 24