I Am Loaded With Credit Card Debts, Loans, Personal Loans & Mortgage Loans Now August 31, 2007
Posted by Vedis in : Loans , trackback
My hubby and I are loaded with $55,846 credit card debts ! I know it’s going to take us years to settle the debts fully, but we are working hard to pay off the credit card debts fast.
When we found out that our credit card debts snowballed to $63,809 in April this year, we were petrified for a while …like you ! …;D We rolled our eyes wide after seeing the total debts we had while shaking our heads in disbelief.
Without much hesitation, we made up our minds that we must eliminate our credit card debts as fast as possible. We took up some balance transfers and personal loans which help save some interest charges. Loan repayments are always paid on time now as we don’t want any late payment charges.
We did our refinance 2 years ago even before we started our debt elimination program. The reason is that we did not do any rate comparisons when we bought our first house. There were so many mortgage loans available on the market and we were so inexperienced at that time. As a a result, we paid higher interest rate for our mortgage loan.
We also make sure that we exercise control on our spending habits and expenses if we want to pay off our credit card debts in less than 3 years.
Related posts brought to you by Yet Another Related Posts Plugin.
Comments»
no comments yet - be the first?