Re: Reduction of CC Debt!

Anonymous · ‎01-31-2015

I’m feeling good! I made a vow to pay the majority of my CC debt!

So far:

Citi DC (1500): 300 to 0

Amex (3500): 700 to 0

Old Navy Visa (2200): 475 to 0

Barclay (1300): 119 to 0

This coming week:

Chase (2000): 600 to 0

Walmart (4,000): 500 to 200 (special promotion ends 9/16)

Amazon (4,000): 500 (special promotion ends 9/16)

Although my overall utilization is not crazy high, I don’t like the fact that I had a balance on almost every single card. I will focus on using the above cards for rewards purposes; not swipe a new CC because it felt good! I’ve learned a great deal through this forum! My AMEX 3X CLI is Feb 8th, but will hold off when reports reflect my 0 balances. Very anxious to see how my FICO score will react

NRB525 · ‎01-31-2015

Congratulations! Getting to a PIF situation with that many cards is a good feeling!

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

chalupaman · ‎01-31-2015

Very nice job!

I'm working on paying more of mine down to 0 too. My EQ has already had an 11 point jump today.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down

Anonymous · ‎01-31-2015

my_credit_journey_2013 - awesome you really took the bull by the horns and kicked. Congrats!

Anonymous · ‎01-31-2015

Well done!

Anonymous · ‎01-31-2015

I dislike the feeling of "debt"! I've known many people who have went bankrupt early in life; early to mid twenties! Some who still are against using credit to there advantage or one's who have had the same capital QS 1 for two plus years that is maxed out (750 limit). I praise this forum! However others choose not to educuate themselves! Thank you for the support!

bdhu2001 · ‎01-31-2015

Wow. I'm so happy for you. Congrats!!!

Original Mortgage maturity Sept 2044; Refi maturity Dec 2030
Starting Score: EX 751 EQ 720 TU 737 on 4/9/14
Current Score: EX 849 EQ 835 TU 843
Goal Score: 850

Take the myFICO Fitness Challenge

Hubcapjw · ‎01-31-2015

Good job. My goal is to be debt free by May or June. Had a couple of big ticket items to buy for the house and I hope to be paid off very soon.

Anonymous · ‎02-01-2015

I'm working on pretty much the same thing. So far I've paid off Walmart and CreditOne (closed CreditOne soon after), next Amazon, Care Credit and Chase in that order. It helps that my tax refund this year will be able to cut the Chase balance in half.

Anonymous · ‎02-01-2015

Trying to do the same thing congrats

Reduction of CC Debt!

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Reduction of CC Debt!