New Contributor
Want2BDebtFreeNow
Posts: 73
Registered: ‎10-15-2007
2010 Credit Card Goals

So before the year started I paid all my CC accounts to a nice (well not so nice) even $28,000.00. My goal is to reduce that number exactly by half by 12/31/2010. This means my goal will be to pay $14k in principle plus all finance charges that accrue. 

 

All payments for January have already been made and for February I plan on making the minimum payment to be able to take advantage the new law that takes effect in February with any extra payments other than minimum due goes to the highest interest rate. I have two cards that are affected by this.

 

I am not going to worry about what my fico score is for 2010 as I don't plan on applying for anything.

 

As of January 1st:

 

Card # 1   $9,250.00
Card # 2   $5,500.00
Card # 3   $4,000.00
Card # 4   $2,700.00
Card # 5   $2,400.00
Card # 6   $1,500.00
Card # 7   $1,250.00
Card # 8   $  500.00
Debt # 9   $2,400.00 (LOC)

 

 

As of 11/14/2012 EQ: 672

5 inqs in the last year - October 25, 2012, July 05, 2012, July 03, 2012, June 18, 2012, February 16, 2012

(Report reads them as 3) Your applications for credit in the past year
3 inquiries

Last account opened June 2012

Average age of your accounts
6 years

Number of your accounts with a missed payment
0 accounts

Ratio of your revolving balances to your credit limits
82% (Ouch)