topic Re: Finally Debt Free! in Personal Finance

Finally Debt Free!

Anonymous — Tue, 21 Feb 2017 02:15:49 GMT

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!

Re: Finally Debt Free!

Anonymous — Tue, 21 Feb 2017 02:36:01 GMT

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

Re: Finally Debt Free!

SouthJamaica — Tue, 21 Feb 2017 04:31:51 GMT

@Anonymous 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.

Re: Finally Debt Free!

Anonymous — Tue, 21 Feb 2017 14:51:44 GMT

Must be an amazing feeling. Congrats and good job.

Re: Finally Debt Free!

Anonymous — Tue, 21 Feb 2017 19:01:53 GMT

Awesome ... breathe and enjoy the fresh air ... you earned it

Re: Finally Debt Free!

ls2016 — Tue, 21 Feb 2017 21:27:49 GMT

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.

Re: Finally Debt Free!

Anonymous — Tue, 21 Feb 2017 22:25:05 GMT

@Anonymous 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.

Re: Finally Debt Free!

Anonymous — Tue, 21 Feb 2017 22:28:06 GMT

That is awesome! Congratulations!

Re: Finally Debt Free!

Anonymous — Tue, 21 Feb 2017 23:26:15 GMT

Super Congratulations!!

Re: Finally Debt Free!

Anonymous — Wed, 22 Feb 2017 14:50:19 GMT

@Anonymous 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!

Re: Finally Debt Free!

Cherekas — Wed, 22 Feb 2017 16:41:11 GMT

Awesome! Way to go and certainly keep it up. No need for credit or worrying about losing points if you own your home, car and do not owe credit cards. This is something most of us may never feel. Slightly jelly, lol.

Re: Finally Debt Free!

Anonymous — Wed, 22 Feb 2017 16:42:49 GMT

Nice work! That has to be an incredible feeling!

Re: Finally Debt Free!

Anonymous — Wed, 22 Feb 2017 20:59:52 GMT

Congrats & indeed thank God almighty!

Re: Finally Debt Free!

Anonymous — Wed, 22 Feb 2017 21:52:03 GMT

Congratulations on your success!!!! It truly is an amazing feeling!!!

Re: Finally Debt Free!

Anonymous — Thu, 23 Feb 2017 02:44:41 GMT

Congratulations!

Re: Finally Debt Free!

Anonymous — Sun, 12 Mar 2017 21:51:31 GMT

Congrats on your persistence to living a debt free lifestyle. Someday in the near future I hope to join you in the ranks!

Re: Finally Debt Free!

Anonymous — Mon, 13 Mar 2017 01:53:53 GMT

I don't own a home yet. I'm a loser who lives in my mom's basement, but I'm going to save up cash over the next five years to buy a house outright so that I never need a mortgage. I don't care to look like a loser when in the end I'm not taking on any more debt.

Re: Finally Debt Free!

Blackswizz750 — Mon, 13 Mar 2017 21:50:03 GMT

I want to be you when I grow up. Congrats onbeing debt free!!! Dont worry about what folks think of you, you have a car outright with no car loan. Buying a house cash takes determination but you will laugh the last laugh with a full bank account. Keep on pushing!!!

Re: Finally Debt Free!

wa3more — Mon, 13 Mar 2017 23:48:13 GMT

Nice job vision !

I'm with Black, no need to be hard on yourself. You are debt free and going down right path, you should feel proud.

Many people who own homes probably wish they didn't.

Re: Finally Debt Free!

SouthJamaica — Tue, 14 Mar 2017 02:44:10 GMT

@wa3more wrote:
Nice job vision !

I'm with Black, no need to be hard on yourself. You are debt free and going down right path, you should feel proud.

Many people who own homes probably wish they didn't.

Very true. It's a huge financial burden. People think because the bank gives them a mortgage, that means they can afford a home, but it's simply not true. It's a huge burden, one you can't walk away from once you're stuck with it.