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December 2007 – $41,875 Credit Card Debts January 5, 2008

Posted by Vedis in : Credit Card Debt Updates , trackback

My credit card debts on 31 December 2007 was $41,875. So, I didn’t hit my goal of reducing my credit card debts to $40,000.

Anyway, I am happy that I have successfully paid off some of my credit card debts. Remember how much I  had in April 2007 ? $63,809 ! Now, $41,875.

Trust me ! Digging yourself into deep debt hole is as easy as ABC but digging yourself out of the deep hole is very difficult.

Though the progress is slow and hard, it can still be done. What you need is TIME and PERSISTENCE.

My new goal for year 2008 is $9,000 credit card debts. From $63,809 to $41,875 within a span of 8 months, so paying off $32,875 within a year is an achievable goal.

Again ! My goal is $9,000 on 31.12.2008.

Comments

1. Steven Wong - January 8, 2008

Vedis,

What’s an inspiration review on the debt reductions efforts. In fact, you have done a great job. I have been trying to reduce mine too but not really successful.

I am interest to featured your site as one of the case studies in my blog, do you think I can setup an audio interview session with you?

So let me know if this suggestion find favor to you and my review will drive more traffic to your site.

Lastly, wish your 2008 goal achieved if not, getting more done.