Relief

[silvius]

Good plan.  Stick to it and you will be rewarded in time.

[Anonymous]

From personal experience I agree! This isn’t the time to feel relief. You should be throwing as much extra money as you can toward the loan to pay it off ASAP. I felt similar to you when I got my loan but I realized that I should *edited to add should NOT* say I *paid off* anything because it’s actually not paid off-just moved and easier to manage. Good luck to you!

[UncleB]

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@Anonymous wrote:
decided to do a personal loan with NFCU to pay off all credit cards. The monthly payment of loan is less the mininum payments required. I was paying more than the minium but still fidnt feel like i wasmoving. well 17k in credit card balances are now 0. these cards are coming out of my wallet.

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Congrats on refinancing your credit card debt into a more easy-to-manage loan.  The feeling of being able to better manage your monthly budget will be "relief", indeed.

I 'second' the earlier comments that encouraged you to follow-through with not running the cards up again. 

If you have enough will-power (and many around here do) to use them like debit cards and PIF each month that could be workable, but if there's any temptation at all to let a balance carry over to the next month that should be a red flag to take the card(s) from your wallet permanently, or at least until your loan is paid significantly down.

[Anonymous]

The relief is knowing that this can be paid off sooner rather than later. It is a relief in my book.

[Anonymous]

yes already has and only one account was reflected. my score went up 13 pts just with that one account. next month will be when Ireally can tell. before this I was at 654

[Anonymous]

Thanks thats the plan.